CIBC WORLD MARKET INC.
Long book
$56.92B
Q1 2026
Positions
1398
Top-10 weight
33%
concentration
Last quarter
+10.9%
SPY +14.8%
Turnover
19%
of book per quarter
Strategy in plain words
auto-generated from filingsCIBC WORLD MARKET INC. is a mechanically diversified allocator, running a $56.92B US long book across 1398 positions.
The portfolio is moderately concentrated (top 10 ≈ 33% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: TORONTO-DOMINION BANK, ROYAL BANK OF CANADA, CANADIAN NATURAL RESOURCES, BANK OF NOVA SCOTIA, BANK OF MONTREAL.
Over the last 9 quarters its long book ran on average 1.1pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.1%
Q2 2024
+10.8%
Q3 2024
-1.0%
Q4 2024
-1.3%
Q1 2025
+11.9%
Q2 2025
+10.7%
Q3 2025
+5.7%
Q4 2025
+2.4%
Q1 2026
+10.9%
Sector allocation
Financials 32%
Technology 16%
Energy 14%
Materials 8%
Utilities 6%
Industrials 6%
Consumer discretionary 5%
Communications 4%
Long book by quarter
What does CIBC WORLD own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| TD TORONTO-DOMINION BANK | Financials | 39.3M | $3.67B | 6.5% | +1.7% |
| RY ROYAL BANK OF CANADA | Financials | 19.9M | $3.22B | 5.7% | -3.6% |
| CNQ CANADIAN NATURAL RESOURCES | Energy | 44.9M | $2.19B | 3.8% | +1.7% |
| BNS BANK OF NOVA SCOTIA | Financials | 26.0M | $1.80B | 3.2% | -9.1% |
| BMO BANK OF MONTREAL | Financials | 13.2M | $1.79B | 3.1% | +5.1% |
| ENB ENBRIDGE INC | Energy | 25.3M | $1.37B | 2.4% | -1.4% |
| CM CAN IMPERIAL BK OF COMMERCE | Financials | 12.1M | $1.17B | 2.1% | +1.1% |
| NVDA NVIDIA CORP | Technology | 6.2M | $1.09B | 1.9% | +37.8% |
| SHOP SHOPIFY INC - CLASS A | Technology | 8.7M | $1.04B | 1.8% | +0.2% |
| TRP TC ENERGY CORP | Utilities | 15.3M | $957.8M | 1.7% | -35.1% |
| AAPL APPLE INC | Technology | 3.5M | $889.3M | 1.6% | +12.5% |
| AEM AGNICO EAGLE MINES LTD | Materials | 4.2M | $844.6M | 1.5% | +17.6% |
| SU SUNCOR ENERGY INC | Energy | 12.2M | $809.1M | 1.4% | -53.2% |
| BN BROOKFIELD CORP | Real estate | 19.7M | $796.3M | 1.4% | +10.4% |
| JPM JPMORGAN CHASE & CO | Financials | 2.7M | $791.5M | 1.4% | +35.7% |
| MSFT MICROSOFT CORP | Technology | 2.0M | $757.0M | 1.3% | -18.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 3.5M | $726.7M | 1.3% | -4.4% |
| B BARRICK MINING CORP | Materials | 15.8M | $647.3M | 1.1% | +3.7% |
| EMA EMERA INC | Utilities | 12.4M | $641.5M | 1.1% | +4.8% |
| TU TELUS CORP | Communications | 48.7M | $625.2M | 1.1% | +12.6% |
| CP CANADIAN PACIFIC KANSAS CITY | Industrials | 7.8M | $613.5M | 1.1% | -7.5% |
| CLS CELESTICA INC | Technology | 2.1M | $593.0M | 1.0% | -7.2% |
| BCE BCE INC | Communications | 23.4M | $589.4M | 1.0% | -1.9% |
| SLF SUN LIFE FINANCIAL INC | Financials | 9.3M | $583.5M | 1.0% | +39.1% |
| MFC MANULIFE FINANCIAL CORP | Financials | 16.8M | $579.0M | 1.0% | -33.4% |
| AVGO BROADCOM INC | Technology | 1.8M | $564.0M | 1.0% | -7.9% |
| PBA PEMBINA PIPELINE CORP | Energy | 12.3M | $549.6M | 1.0% | +12.7% |
| CNI CANADIAN NATL RAILWAY CO | Industrials | 5.1M | $526.5M | 0.9% | -1.3% |
| GOOGL ALPHABET INC-CL A | Technology | 1.8M | $516.0M | 0.9% | -6.7% |
| RCI ROGERS COMMUNICATIONS INC-B | Communications | 13.4M | $515.6M | 0.9% | +2.8% |
| QSR RESTAURANT BRANDS INTERN | Consumer discretionary | 6.8M | $499.6M | 0.9% | +83.2% |
| WPM WHEATON PRECIOUS METALS CORP | Materials | 3.7M | $489.8M | 0.9% | +6.8% |
| GOOG ALPHABET INC-CL C | Technology | 1.6M | $450.1M | 0.8% | +4.8% |
| FTS FORTIS INC | Utilities | 7.8M | $437.1M | 0.8% | -8.5% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 909.2K | $435.7M | 0.8% | +6.3% |
| CCJ CAMECO CORP | Materials | 3.7M | $406.7M | 0.7% | -3.0% |
| NTR NUTRIEN LTD | Other | 5.2M | $392.0M | 0.7% | -16.3% |
| XOM EXXON MOBIL CORP | Energy | 2.0M | $336.4M | 0.6% | -4.5% |
| WCN WASTE CONNECTIONS INC | Utilities | 2.0M | $332.7M | 0.6% | +0.2% |
| CVE CENOVUS ENERGY INC | Energy | 12.3M | $327.5M | 0.6% | -25.5% |
| FNV FRANCO-NEVADA CORP | Materials | 1.3M | $327.0M | 0.6% | -2.7% |
| META META PLATFORMS INC-CLASS A | Technology | 568.1K | $325.0M | 0.6% | +20.3% |
| PPB FLUTTER ENTERTAINMENT PLC-DI | — | 3.1M | $316.0M | 0.6% | New |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 313.7K | $312.5M | 0.5% | -1.4% |
| V VISA INC-CLASS A SHARES | Services media | 947.6K | $286.4M | 0.5% | +5.2% |
| MA MASTERCARD INC - A | Services media | 551.4K | $275.5M | 0.5% | +26.9% |
| KGC KINROSS GOLD CORP | Materials | 8.7M | $265.3M | 0.5% | +5.1% |
| WMT WALMART INC | Consumer discretionary | 2.0M | $254.0M | 0.4% | -15.5% |
| LLY ELI LILLY & CO | Healthcare | 255.8K | $235.3M | 0.4% | +0.7% |
| BAC BANK OF AMERICA CORP | Financials | 4.5M | $218.7M | 0.4% | +45.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 1463 | $61.26B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 1437 | $62.02B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 6, 2025 | 1404 | $55.79B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 1354 | $50.50B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 1352 | $46.73B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 23, 2025 | 1352 | $47.73B | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 1302 | $48.00B | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 7, 2024 | 1261 | $43.39B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 1284 | $42.13B | $K fixed canonical | SEC ↗ |
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