Cibc World Market INC.
Reported US equity positions for Q1 2026 — $56.9B across 1,398 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| TD The Toronto Dominion Bank | $3.7B | 6.5% | 39,319,985 |
| RY Royal Bank Of Canada | $3.2B | 5.7% | 19,920,248 |
| CRC California Resources Corporation | $2.2B | 3.8% | 44,886,474 |
| BNS Bank Nova Scotia Halifax Pfd 3 Ordinary Shares | $1.8B | 3.2% | 25,977,781 |
| BMO Bank Of Montreal | $1.8B | 3.1% | 13,185,798 |
| ENB Enbridge Inc | $1.4B | 2.4% | 25,325,643 |
| SPY State Street SPDR S&P 500 ETF Trust | $1.2B | 2.1% | 1,807,103 |
| CM Canadian Imperial Bank of Commerce | $1.2B | 2.1% | 12,136,889 |
| NVDA NVIDIA Corporation | $1.1B | 1.9% | 6,227,509 |
| SHOP Shopify Inc. - Class A Subordinate Voting Shares | $1.0B | 1.8% | 8,749,299 |
| TRP TC Energy Corporation | $957.8M | 1.7% | 15,298,592 |
| AAPL Apple Inc. | $889.3M | 1.6% | 3,504,009 |
| AEM Agnico Eagle Mines Limited | $844.6M | 1.5% | 4,161,958 |
| QQQ Invesco QQQ Trust, Series 1 | $814.4M | 1.4% | 1,411,039 |
| SU Suncor Energy Inc. | $809.1M | 1.4% | 12,234,317 |
| BN Brookfield Corporation Class A Limited Voting Shares | $796.3M | 1.4% | 19,676,746 |
| JPM JP Morgan Chase & Co. | $791.5M | 1.4% | 2,690,763 |
| MSFT Microsoft Corporation | $757.0M | 1.3% | 2,045,058 |
| AMZN Amazon.com, Inc. | $726.7M | 1.3% | 3,489,093 |
| B Barrick Mining Corporation | $647.3M | 1.1% | 15,840,819 |
| EMA Emera Incorporated | $641.5M | 1.1% | 12,377,601 |
| T AT&T Inc. | $625.2M | 1.1% | 48,654,761 |
| CP Canadian Pacific Kansas City Limited | $613.5M | 1.1% | 7,797,187 |
| CLS Celestica, Inc. | $593.0M | 1.0% | 2,102,576 |
| BCE BCE, Inc. | $589.4M | 1.0% | 23,359,992 |
| SLF Sun Life Financial Inc. | $583.5M | 1.0% | 9,316,439 |
| MFC Manulife Financial Corporation | $579.0M | 1.0% | 16,811,222 |
| AVGO Broadcom Inc. | $564.0M | 1.0% | 1,822,167 |
| PPL PPL Corporation | $549.6M | 1.0% | 12,280,619 |
| CNR Core Natural Resources, Inc. | $526.5M | 0.9% | 5,099,397 |
| GOOGL Alphabet Inc. | $516.0M | 0.9% | 1,794,316 |
| RCI Rogers Communication, Inc. | $515.6M | 0.9% | 13,409,028 |
| QSR Restaurant Brands International Inc. | $499.6M | 0.9% | 6,760,192 |
| WPM Wheaton Precious Metals Corp Common Shares (Canada) | $489.8M | 0.9% | 3,732,434 |
| GOOG Alphabet Inc. - Class C Capital Stock | $450.1M | 0.8% | 1,569,188 |
| FTS Fortis Inc. | $437.1M | 0.8% | 7,835,890 |
| BRK.B Berkshire Hathaway Inc. | $435.7M | 0.8% | 909,220 |
| CCO Clear Channel Outdoor Holdings, Inc. | $406.7M | 0.7% | 3,740,424 |
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $402.2M | 0.7% | 1,190,137 |
| NTR Nutrien Ltd. | $392.0M | 0.7% | 5,194,538 |
| IWM iShares Russell 2000 Index Fund | $342.7M | 0.6% | 1,381,744 |
| XOM ExxonMobil Holdings Corporation | $336.4M | 0.6% | 1,982,781 |
| WCN Waste Connections, Inc. | $332.7M | 0.6% | 2,048,147 |
| CVE Cenovus Energy Inc | $327.5M | 0.6% | 12,343,360 |
| FNV Franco-Nevada Corporation | $327.0M | 0.6% | 1,320,804 |
| META Meta Platforms, Inc. | $325.0M | 0.6% | 568,105 |
| G3643J108 Flutter Entmt PLC | $316.0M | 0.6% | 3,100,010 |
| COST Costco Wholesale Corporation | $312.5M | 0.5% | 313,653 |
| V Visa Inc. | $286.4M | 0.5% | 947,627 |
| MA Mastercard Incorporated | $275.5M | 0.5% | 551,370 |
| KGC Kinross Gold Corporation | $265.3M | 0.5% | 8,679,915 |
| XLI State Street Industrial Select Sector SPDR ETF | $261.0M | 0.5% | 1,613,699 |
| WMT Walmart Inc. | $254.0M | 0.4% | 2,043,683 |
| LLY Eli Lilly and Company | $235.3M | 0.4% | 255,820 |
| XLP State Street Consumer Staples Select Sector SPDR ETF | $234.5M | 0.4% | 2,860,644 |
| XLE State Street Energy Select Sector SPDR ETF | $233.5M | 0.4% | 3,811,299 |
| G16252101 Brookfield Infrastructure Pa | $221.8M | 0.4% | 6,140,749 |
| BAC Bank of America Corporation | $218.7M | 0.4% | 4,485,581 |
| TECK Teck Resources Ltd Ordinary Shares | $214.5M | 0.4% | 4,139,390 |
| CVX Chevron Corporation | $205.9M | 0.4% | 995,292 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What changed last quarter
| Holding | Change | Now | Was | Shares |
|---|---|---|---|---|
| TD The Toronto Dominion Bank | Add | $3.7B | $3.6B | +2% |
| RY Royal Bank Of Canada | Trim | $3.2B | $3.5B | -4% |
| CRC California Resources Corporation | Add | $2.2B | $1.5B | +2% |
| BNS Bank Nova Scotia Halifax Pfd 3 Ordinary Shares | Trim | $1.8B | $2.1B | -9% |
| BMO Bank Of Montreal | Add | $1.8B | $1.6B | +5% |
| ENB Enbridge Inc | Trim | $1.4B | $1.2B | -1% |
| SPY State Street SPDR S&P 500 ETF Trust | Add | $1.2B | $289.1M | +326% |
| CM Canadian Imperial Bank of Commerce | Add | $1.2B | $1.1B | +1% |
| NVDA NVIDIA Corporation | Add | $1.1B | $842.7M | +38% |
| TRP TC Energy Corporation | Trim | $957.8M | $1.3B | -35% |
| AAPL Apple Inc. | Add | $889.3M | $846.5M | +13% |
| AEM Agnico Eagle Mines Limited | Add | $844.6M | $600.4M | +18% |
| QQQ Invesco QQQ Trust, Series 1 | Add | $814.4M | $499.0M | +74% |
| SU Suncor Energy Inc. | Trim | $809.1M | $1.2B | -53% |
| BN Brookfield Corporation Class A Limited Voting Shares | Add | $796.3M | $818.0M | +10% |
| JPM JP Morgan Chase & Co. | Add | $791.5M | $639.1M | +36% |
| MSFT Microsoft Corporation | Trim | $757.0M | $1.2B | -18% |
| AMZN Amazon.com, Inc. | Trim | $726.7M | $842.2M | -4% |
| B Barrick Mining Corporation | Add | $647.3M | $665.8M | +4% |
| EMA Emera Incorporated | Add | $641.5M | $582.2M | +5% |
| T AT&T Inc. | Add | $625.2M | $569.6M | +13% |
| CP Canadian Pacific Kansas City Limited | Trim | $613.5M | $620.9M | -8% |
| CLS Celestica, Inc. | Trim | $593.0M | $670.3M | -7% |
| BCE BCE, Inc. | Trim | $589.4M | $568.2M | -2% |
| SLF Sun Life Financial Inc. | Add | $583.5M | $418.2M | +39% |
| MFC Manulife Financial Corporation | Trim | $579.0M | $916.7M | -33% |
| AVGO Broadcom Inc. | Trim | $564.0M | $684.7M | -8% |
| PPL PPL Corporation | Add | $549.6M | $415.1M | +13% |
| CNR Core Natural Resources, Inc. | Trim | $526.5M | $510.6M | -1% |
| GOOGL Alphabet Inc. | Trim | $516.0M | $602.2M | -7% |
| RCI Rogers Communication, Inc. | Add | $515.6M | $492.4M | +3% |
| QSR Restaurant Brands International Inc. | Add | $499.6M | $251.7M | +83% |
| WPM Wheaton Precious Metals Corp Common Shares (Canada) | Add | $489.8M | $411.1M | +7% |
| GOOG Alphabet Inc. - Class C Capital Stock | Add | $450.1M | $469.9M | +5% |
| FTS Fortis Inc. | Trim | $437.1M | $445.3M | -9% |
| BRK.B Berkshire Hathaway Inc. | Add | $435.7M | $430.1M | +6% |
| CCO Clear Channel Outdoor Holdings, Inc. | Trim | $406.7M | $353.3M | -3% |
| NTR Nutrien Ltd. | Trim | $392.0M | $382.9M | -16% |
| IWM iShares Russell 2000 Index Fund | Trim | $342.7M | $460.2M | -26% |
| XOM ExxonMobil Holdings Corporation | Trim | $336.4M | $250.0M | -5% |
New and exited positions are only shown for managers whose entire filed portfolio fits inside the positions stored here. For a manager filing more than that, a holding leaving the stored set is indistinguishable from a holding being sold, so those are reported as adds and trims only.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.