51% buyers of institutions opening or closing positions this quarter
3 more new buyers than exits, ownership fell 0.55 percentage points vs the prior quarter, and no widely-followed fund managers in the top 25.
51% buyers of institutions opening or closing positions this quarter
37.4% institutional ownership
TORONTO DOMINION BANK portfolio allocation
Institutional ownership vs Banks - Diversified peers
No Form 4 insider transactions on file
Latest positioning in CM across 13F flow, ownership shift, marquee holders, and holder-count growth.
Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in CM held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | ROYAL BANK OF CANADA | 74.3M | $7.04B | -4.1% | 8.021% | 1.24% |
| 2 | BANK OF MONTREAL /CAN/ | 41.3M | $3.91B | -3.9% | 4.452% | 1.46% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 28.4M | $2.69B | β | 3.064% | 0.07% |
| 4 | TD ASSET MANAGEMENT INC | 22.6M | $2.14B | -0.4% | 2.441% | 1.73% |
| 5 | TORONTO DOMINION BANK | 21.6M | $2.05B | -5.9% | 2.335% | 2.94% |
| 6 | NATIONAL BANK OF CANADA /FI/ | 13.0M | $1.23B | -4.7% | 1.398% | 1.10% |
| 7 | BANK OF NOVA SCOTIA | 12.7M | $1.20B | +0.4% | 1.369% | 2.10% |
| 8 | CIBC World Markets Inc. | 12.1M | $1.17B | +1.1% | 1.310% | 1.91% |
| 9 | FIL Ltd | 11.7M | $1.11B | -8.0% | 1.267% | 0.86% |
| 10 | MACKENZIE FINANCIAL CORP | 10.3M | $972.0M | -5.0% | 1.107% | 1.17% |
| 11 | GEODE CAPITAL MANAGEMENT, LLC | 9.6M | $933.9M | +6.8% | 1.032% | 0.06% |
| 12 | Connor, Clark & Lunn Investment Management Ltd. | 9.1M | $864.5M | -1.1% | 0.986% | 1.99% |
| 13 | CANADA PENSION PLAN INVESTMENT BOARD | 9.0M | $853.4M | +25.4% | 0.972% | 0.55% |
| 14 | CIBC Asset Management Inc | 8.5M | $802.4M | -12.1% | 0.917% | 1.96% |
| 15 | VANGUARD FIDUCIARY TRUST CO | 8.3M | $783.0M | β | 0.892% | 0.20% |
| 16 | TD Waterhouse Canada Inc. | 8.1M | $777.1M | +141.7% | 0.878% | 2.31% |
| 17 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | 8.1M | $769.2M | -8.7% | 0.877% | 0.66% |
| 18 | Legal & General Group Plc | 6.8M | $638.9M | +4.4% | 0.730% | 0.15% |
| 19 | Vanguard Global Advisers, LLC | 6.6M | $627.3M | β | 0.714% | 0.34% |
| 20 | PUBLIC SECTOR PENSION INVESTMENT BOARD | 6.2M | $591.7M | +16.0% | 0.674% | 1.84% |
| 21 | GOLDMAN SACHS GROUP INC | 5.9M | $554.3M | +5.5% | 0.631% | 0.06% |
| 22 | SCOTIA CAPITAL INC. | 4.4M | $414.3M | +4.7% | 0.473% | 1.70% |
| 23 | DEUTSCHE BANK AG\ | 3.8M | $361.8M | -3.6% | 0.412% | 0.12% |
| 24 | Capital International Investors | 3.7M | $350.3M | -11.1% | 0.399% | 0.08% |
| 25 | Federation des caisses Desjardins du Quebec | 3.6M | $340.0M | -4.3% | 0.389% | 1.22% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in CM β a direct measure of their conviction.
Filings activity in CM during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new CM position in Q1 2026
Institutions that fully closed their CM position in Q1 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 504 | +0.6% | 37.42% | 0.55 pp | $40.14B | 1.5% |
| Q4 2025 | 501 | +7.5% | 37.97% | +4.59 pp | $40.74B | +14% |
| Q3 2025 | 466 | +0.4% | 33.38% | 166.61 pp | $35.81B | 98% |
| Q2 2025 | 464 | +3.1% | 199.99% | +175.85 pp | $1.85T | +7049% |
| Q1 2025 | 450 | +0.7% | 24.14% | 1.79 pp | $25.90B | 6.9% |
| Q4 2024 | 447 | +5.4% | 25.93% | 7.82 pp | $27.82B | 23% |
| Q3 2024 | 424 | +12% | 33.75% | 166.24 pp | $36.21B | 88% |
| Q2 2024 | 377 | β | 199.99% | β | $307.96B | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
No recent Form 4 insider transactions on file for CM.
Quick answers to the most common questions about buying CM stock.
Based on Q1 2026 13F filings, institutional ownership of Canadian Imperial Bank of Commerce stands at 37.4%, held across 504 reporting institutions.
ROYAL BANK OF CANADA is the largest reported institutional holder of CM, with approximately 74,323,947 shares worth $7.04B as of Q1 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of CM.
Our composite Smart Money Score for CM is 30 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
66 institutions opened new positions in CM during Q1 2026, while 63 fully exited. 328 added to existing positions and 105 trimmed.
CM institutional ownership fell by 0.55 percentage points quarter-over-quarter, with a net change of β holders.
The top 10 institutions account for 58.6% of all reported 13F value in CM, and the top 25 account for 82.6%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.