Canadian Imperial Bank of Commerce

CM • NYSE

Canadian Imperial Bank of Commerce is a banks - diversified company in the financial services sector on NYSE, led by Victor Dodig, with a market cap of $83.9B. As of Q3 2025, 50% of shares are held by 459 institutional investors, with ROYAL BANK OF CANADA as the largest holder at 8.6%.

Chief Executive OfficerVictor Dodig

Market Cap$83.9B

Banks - Diversified

Financial Services

Employees48.1K

Websitecibc.com

Overview

Overview of institutional ownership in CM as of Q3 2025 with a market cap of $74.3B

All Institutions

Institutions: 459
Value Held: $36.9B
Shares Held: 460.8M
Avg Position: $80.3M
Median Position: $943.0K

Hedge Funds

Hedge Funds: 28
Value Held: $340.8M
Shares Held: 4.3M
Avg Position: $12.2M
Median Position: $2.4M

Ownership Breakdown

Institutional (non-HF)

49.17%

$36.5B

Hedge Funds

0.459%

$340.8M

Retail & Other

50.37%

$37.4B

Based on market cap of $74.3B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CM as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
R ROYAL BANK OF CANADA Institution	-	$6.4B 1.18% of portfolio	8.60% 80.0M shares	≤ Q2 2013 Held for 12y 5m+	$542.04B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$3.4B 0.05% of portfolio	4.54% 42.2M shares	Q1 2015 Held for 10y 8m	$6.69T
BANK OF MONTREAL /CAN/ Institution	Darryl White CEO	$3.1B 1.30% of portfolio	4.13% 38.4M shares	≤ Q2 2013 Held for 12y 5m+	$235.55B
T TD ASSET MANAGEMENT INC Institution	-	$1.8B 1.47% of portfolio	2.45% 22.8M shares	≤ Q2 2013 Held for 12y 5m+	$123.47B
TORONTO DOMINION BANK Institution	Leo Salom CEO	$1.8B 3.54% of portfolio	2.44% 22.7M shares	≤ Q2 2013 Held for 12y 5m+	$51.2B
C CANERECTOR INC Institution	-	$1.8B 3.19% of portfolio	2.39% 22.2M shares	Q4 2024 Held for 11 months	$55.6B
BANK OF NOVA SCOTIA / Institution	Scott Thomson CEO	$1.2B 2.17% of portfolio	1.65% 15.3M shares	Q1 2013 Held for 12y 8m	$56.3B
N NATIONAL BANK OF CANADA /FI/ Institution	-	$1.1B 1.26% of portfolio	1.50% 13.9M shares	Q4 2021 Held for 3y 11m	$88.6B
C CIBC World Markets Inc. Institution	-	$946.8M 1.94% of portfolio	1.27% 11.9M shares	≤ Q2 2013 Held for 12y 5m+	$48.7B
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	John Warren Stoddart President	$826.9M 2.61% of portfolio	1.11% 10.3M shares	Q1 2014 Held for 11y 8m	$31.7B

Net Capital Flow

Institutional buying and selling activity for CM in Q3 2025

Net Flow: +$1.8B
Buyers: 180
Sellers: 201
Total Bought: +$3.5B
Total Sold: −$1.7B
Avg Position: $79.7M

Biggest Buyers

Institution	Net Bought	Current Position
C CANERECTOR INC Institution	+$1.8B +22.0M shares	$1.8B 22.2M shares
F FIL Ltd Institution	+$468.4M +5.9M shares	$808.1M 10.1M shares
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	+$216.4M +2.7M shares	$778.9M 9.7M shares
R ROYAL BANK OF CANADA Institution	+$160.5M +2.0M shares	$6.4B 80.0M shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	+$78.4M +980.8K shares	$826.9M 10.3M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$74.2M +928.3K shares	$74.2M 928.3K shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$68.9M +851.1K shares	$679.9M 8.4M shares
VANGUARD GROUP INC Institution	+$64.8M +810.6K shares	$3.4B 42.2M shares
P PICTON MAHONEY ASSET MANAGEMENT Institution	+$48.2M +603.5K shares	$118.0M 1.5M shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$47.9M +600.2K shares	$83.1M 1.0M shares

Biggest Sellers

Institution	Net Sold	Current Position
BANK OF MONTREAL /CAN/ Institution	−$178.9M −2.2M shares	$3.1B 38.4M shares
GOLDMAN SACHS GROUP INC Institution	−$135.1M −1.7M shares	$578.0M 7.2M shares
Q Quadrature Capital Ltd Institution	−$109.5M −1.4M shares	$20.1M 251.5K shares
Federation des caisses Desjardins du Quebec Fund of Funds	−$108.6M −1.4M shares	$407.5M 5.1M shares
BANK OF NOVA SCOTIA / Institution	−$104.8M −1.3M shares	$1.2B 15.3M shares
P PUBLIC SECTOR PENSION INVESTMENT BOARD Institution	−$103.9M −1.3M shares	$464.0M 5.8M shares
JPMORGAN CHASE & CO Institution	−$103.9M −1.3M shares	$701.2M 8.8M shares
Z Zurich Insurance Group Ltd/FI Institution	−$96.2M −1.2M shares	$46.5M 582.6K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$75.9M −950.3K shares	$2.3M 28.8K shares
FEDERATED INVESTORS INC /PA/ Long Only Manager	−$70.7M −884.9K shares	$9.7M 121.0K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited CM in Q3 2025

New Positions: 17
New Value: $8.3M
Exited Positions: 45
Exited Value: $108.8M

New Positions

Institution	Position Value
L LOCKHEED MARTIN INVESTMENT MANAGEMENT CO Institution	$4.0M 50.4K shares
L LRT Capital Management, LLC Institution	$2.8M 34.7K shares
B Baader Bank INC Institution	$448.7K 5.6K shares
P PharVision Advisers, LLC Hedge Fund•Long/Short	$373.7K 4.7K shares
Buckingham Strategic Partners RIA/Wealth	$273.3K 3.4K shares
Brucke Financial, Inc. RIA/Wealth	$227.0K 2.7K shares
Q Quarry LP Institution	$61.8K 773.0 shares
Guerra Advisors Inc RIA/Wealth	$34.9K 437.0 shares
TOTH FINANCIAL ADVISORY CORP RIA/Wealth	$32.0K 400.0 shares
SALEM INVESTMENT COUNSELORS INC RIA/Wealth	$30.1K 374.0 shares

Exited Positions

Institution	Previous Position
A AXA Institution	$64.7M 913.5K shares
S SIG North Trading, ULC Institution	$19.7M 278.4K shares
O ONTARIO TEACHERS PENSION PLAN BOARD Institution	$3.3M 46.1K shares
E Erste Asset Management GmbH Institution	$3.1M 23.9K shares
Caption Management, LLC Hedge Fund•Long/Short	$2.6M 36.3K shares
OPPENHEIMER & CO INC RIA/Wealth	$1.6M 22.3K shares
MML INVESTORS SERVICES, LLC RIA/Wealth	$1.5M 21.9K shares
1 111 Capital Institution	$1.1M 15.8K shares
Envestnet Portfolio Solutions, Inc. Long Only Manager	$1.0M 14.2K shares
A ATRIA INVESTMENTS LLC Institution	$983.4K 13.9K shares

Options Activity

Institutions with the largest Call and Put options positions in CM as of Q3 2025

Call Positions: 21
Call Value: $748.0M
Put Positions: 22
Put Value: $1.1B

Call Positions

Institution	Position Value
R ROYAL BANK OF CANADA Institution	$261.3M 32.7K contracts
S SIG North Trading, ULC Institution	$143.6M 18.0K contracts
TORONTO DOMINION BANK Institution	$103.2M 12.9K contracts
GOLDMAN SACHS GROUP INC Institution	$81.9M 10.3K contracts
D D. E. Shaw & Co., Inc. Institution	$70.5M 8.8K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$47.0M 5.9K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$10.5M 1.3K contracts
Caption Management, LLC Hedge Fund•Long/Short	$9.2M 1.2K contracts
P PEAK6 LLC Institution	$3.7M 465.0 contracts
Alphadyne Asset Management, LLC Hedge Fund•Global Macro	$3.4M 420.0 contracts

Put Positions

Institution	Position Value
R ROYAL BANK OF CANADA Institution	$495.2M 62.0K contracts
D D. E. Shaw & Co., Inc. Institution	$192.5M 24.1K contracts
S SIG North Trading, ULC Institution	$171.6M 21.5K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$68.1M 6.1K contracts
TORONTO DOMINION BANK Institution	$65.4M 8.2K contracts
Caption Management, LLC Hedge Fund•Long/Short	$39.9M 5.0K contracts
Alphadyne Asset Management, LLC Hedge Fund•Global Macro	$21.9M 2.7K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$20.5M 2.6K contracts
BANK OF MONTREAL /CAN/ Institution	$16.0M 2.0K contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$10.0M 1.3K contracts

Most Committed Institutions

Institutions with CM as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
N NICOLA WEALTH MANAGEMENT LTD. RIA/Wealth	John Michael Nicola CEO	6.79% $75.9M	0.10% 950.0K shares	Q3 2025 Held for 2 months	$1.1B
G Galibier Capital Management Ltd. Institution	-	5.65% $16.9M	0.02% 212.0K shares	Q4 2018 Held for 6y 11m	$300.1M
V Value Partner Investments Inc. Institution	-	5.64% $69.0M	0.09% 864.2K shares	Q4 2019 Held for 5y 11m	$1.2B
Cardinal Capital Management, Inc. RIA/Wealth	Emily Anne Burt Chairman	5.40% $146.4M	0.20% 1.8M shares	Q1 2014 Held for 11y 8m	$2.7B
L LINCLUDEN MANAGEMENT LTD Institution	-	3.62% $30.8M	0.04% 385.9K shares	≤ Q2 2013 Held for 12y 5m+	$850.9M
TORONTO DOMINION BANK Institution	Leo Salom CEO	3.54% $1.8B	2.44% 22.7M shares	≤ Q2 2013 Held for 12y 5m+	$51.2B
Lorne Steinberg Wealth Management Inc. RIA/Wealth	Liam Alexander Card President	3.54% $14.7M	0.02% 183.7K shares	Q4 2020 Held for 4y 11m	$415.0M
M MUFG SECURITIES , LTD. Institution	-	3.41% $122.9M	0.17% 1.5M shares	Q4 2023 Held for 1y 11m	$3.6B
C CANERECTOR INC Institution	-	3.19% $1.8B	2.39% 22.2M shares	Q4 2024 Held for 11 months	$55.6B
GUARDIAN CAPITAL LP Long Only Manager	George Mavroudis CEO	2.89% $89.0M	0.12% 1.1M shares	≤ Q2 2013 Held for 12y 5m+	$3.1B

Hedge Fund Spotlight

Discover hedge funds investing in CM

PharVision Advisers, LLC

Hedge Fund • Long/Short

Portfolio ManagerPhilip Nikolaev Arnaudov

Portfolio Value: $176.9M
Positions: 650
Last Reported: Q3 2025

Sector Allocation

Position in Canadian Imperial Bank of Commerce

Market Value: $373.7K
Shares Held: 4.7K
Portfolio Weight: 0.21%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Wayfair W	Specialty Retail Consumer Cyclical	$877.8K	0.50%
2 ExlService Holdings EXLS	Information Technology Services Technology	$780.4K	0.44%
3 UP Fintech Holding Ltd TIGR	Financial - Capital Markets Financial Services	$733.7K	0.41%