CIBC Asset Management Inc Q3 2022 vs. Q4 2022 13F Holdings Comparison

Canadian Imperial Bank of Commerce (CIBC) is one of the leading asset management companies in Canada. As per the recently filed 13F Holdings Comparison of CIBC Asset Management Inc. for Q3 2022 and Q4 2022, there were some interesting changes in holdings. In this article, we will delve deep into the changes and analyze their possible consequences.

Starting with Royal Bank of Canada (RY.TO), CIBC's shares increased by 1.1% from 12,604,196 to 12,739,836, and its value increased by 5.1% from $1,139,640 to $1,198,002. Similarly, CIBC's holdings for Toronto Dominion Bank (TD.TO) also increased by 10.2%, from 16,007,932 to 16,781,020, and the value increased by 10.9%, from $985,958 to $1,086,763.

BMO.TO is another important stock for CIBC, which saw its holdings increase from 8,062,681 to 8,373,672, a rise of 3.9%, and the value increased from $709,666 to $758,724, an increase of 6.9%. However, it was not a positive story for Nutrien Ltd. (NTR.TO), whose holdings decreased by 3.1%, from 5,646,102 to 5,472,137, and the value plummeted by 15.5%, from $472,867 to $399,575.

In the tech sector, CIBC increased its holdings for Microsoft Corporation (MSFT) by 6.3% from 2,087,776 to 2,218,320, and the value increased by 9.4%, from $486,234 to $531,988. For Apple Inc. (AAPL), the holdings increased by 1.3%, from 3,971,595 to 4,023,980, but the value decreased by 4.7%, from $548,868 to $522,830.

Let's discuss the energy sector. For Enbridge Inc. (ENB.TO), the holdings decreased by 0.9%, from 18,325,769 to 18,168,299, and the value increased by 4.1%, from $682,400 to $710,230. Conversely, Canadian Natural Resources Limited (CNQ.TO) witnessed a minor increase of 0.04% in its holdings, from 12,167,331 to 12,172,202, and the value increased by a whopping 18.9%, from $568,777 to $676,076.

Bank of Nova Scotia Halifax (BNS.TO) was another notable stock where CIBC decreased its holdings by 10.4%, from 9,175,039 to 8,213,436, and the value also decreased by 8.2%, from $438,238 to $402,500. In contrast, Cenovus Energy Inc. (CVE.TO) and Brookfield Infrastructure Partners L.P. (BIP) experienced significant increases in their holdings. CIBC increased its holdings in CVE.TO by 0.1%, from 15,842,083 to 15,833,125, and the value saw a massive increase of 25.7%, from $244,396 to $307,250. For BIP, CIBC increased its holdings by 3.4%, from 5,179,747 to 5,004,935, but the value plunged by a staggering 16.9%, from $186,589 to $155,058.

In summary, CIBC Asset Management Inc saw both positive and negative changes in its holdings for Q3 2022 and Q4 2022. While some stocks like CNQ.TO and CVE.TO witnessed a significant increase in value, others like NTR.TO and BIP suffered losses. However, it's important to analyze these trends in the broader economic context to understand the implications for the market and investors.