Canadian Imperial Bank of Commerce acquires 5.3% stake in Flutter Entertainment, joining growing list of shareholders

(AsiaGameHub) –   The Canadian Imperial Bank of Commerce is the most recent investor to bet on the world’s largest online gambling PLC after acquiring a 5.3% stake in Flutter Entertainment.

A submission to the London Stock Exchange this morning confirmed that the bank – one of Canada’s “Big Five” alongside Royal Bank of Canada, Toronto-Dominion Bank, Bank of Montreal and Scotiabank – crossed the ownership threshold on May 15.

The bank held no prior stake in the business before this date, making it the latest to join a roster of investors that have recently shown confidence in this dual-listed business.

Flutter, which trades on both the London Stock Exchange and the New York Stock Exchange, has witnessed a dramatic shift in its investor base over the past several months.

Flutter’s shifting investor mix

Departing FanDuel Chief Executive Officer Amy Howe sold 4,711 of her Flutter shares through JPMorgan, while group CEO Peter Jackson raised his stake in the company, and Chair John Bryant and Non-Executive Officer Stefan Bomhard purchased additional shares.

Asset management giant BlackRock recently lifted its stake in the firm to more than 5% and Cayman Islands-domiciled billionaire Kenneth Dart boosted his ownership stake to 27% last week.

Meanwhile, London-based activist investment fund Parvus Asset Management doubled its Flutter stake to 10% two months prior; meanwhile Capital Group notably cut its holdings from 14.9% to 9.9%.

All this investor activity has taken place amid an ongoing 10-week $250 million share repurchase program that launched on March 11, which is part of a larger $5 billion buyback initiative.

Flutter has watched its share price plunge in 2026, with shares falling more than 55% year-to-date to $96.36 as of this publication.

This downturn could very well be the catalyst behind the recent spate of investor activity that has seen multiple stakeholders increase their holdings, as analysts told SBC News last week that they remain bullish on the Ireland-headquartered firm’s trajectory, despite the dip.

Macquarie analysts have set a $190 price target for the business, citing its strong long-term cash flow potential and leading position across a plethora of international markets.

A potential London delisting is firmly on the cards for Flutter, after the announcement that it was reviewing its listing status there came alongside its Q1 financial results.

However, the Canadian Imperial Bank of Commerce – like others mentioned here – has clearly determined that the business warrants an investment despite multiple ongoing and looming headwinds.