Cbiz (CBZ): which funds own it
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Sections with a free account
2 concentrated managers hold it; combined they have held more shares for 2 quarters in a row (0 added, 0 trimmed). Its median weight in those portfolios is 0.4%.
Who owns Cbiz?
Holders reporting more than 5% of the shares to the SEC (Schedules 13D/13G): FMR, 8.3% (13G/A filed Aug 7, 2026), Bank of Montreal, 6.4% (13G filed May 13, 2026) and 22C Capital, 5.2% (13G filed May 8, 2025). As of Jun 30, 2026, the largest holders reported on Form 13F were FMR (14.6% of the shares), BlackRock (9.0%) and Bank of Montreal (6.3%).
Which institutions hold the most Cbiz shares?
Per Form 13F filings as of Jun 30, 2026, as a share of all shares outstanding:
- 1. FMR: 14.6%
- 2. BlackRock: 9.0%
- 3. Bank of Montreal: 6.3%
- 4. 22C Capital: 5.8%
- 5. Vanguard Capital Management: 4.1%
- 6. Vanguard Portfolio Management: 4.1%
- 7. Morgan Stanley: 2.7%
- 8. Geode Capital Management: 2.3%
- 9. State Street: 2.3%
- 10. P2 Capital Partners: 2.1%
How much of Cbiz do institutions own?
The 261 institutions that file 13F reported 93.0% of the shares as of Jun 30, 2026.
Sources:13G/A by FMR (Aug 7, 2026) ↗13G by Bank of Montreal (May 13, 2026) ↗13G by 22C Capital (May 8, 2025) ↗All of the company's proxy statements on EDGAR ↗
13F percentages divide the shares each institution reports by the shares outstanding on the cover of the company's latest report before the quarter end (Feb 20, 2026). Entities of the same group file separately and are not added up. We hold 13D and 13G filings made since Dec 23, 2024: a holder above 5% that has not filed since then does not appear here.
Cbiz revenue
Cbiz reported annual revenue of $2.76 billion for fiscal year 2025 (year ended December 31, 2025), according to its Form 10-K filed with the SEC (XBRL data).
Quarter flow (concentrated managers)
Change in managers (2 → 2): 1 opened · 1 exited = 0
Net flow in the quarter: −$24.6M (−767 K shares) · bought $6.5M and sold $31.1MShares concentrated managers added minus those they cut, valued at the 13F quarter-end implied price, not each trade's price. It is a different measure from the change in managers: the two can have opposite signs.
Accumulation: combined they have held more shares for 2 quarters in a row (0 added, 0 trimmed). It is the combined share count of those still holding it: one large buyer can outweigh many who trimmed.
Concentrated managers holding it
- Montrusco Bolton Investments$11.0M0.2%
- Engine Capital ManagementNew$6.5M0.6%+0.6 pp
Up to 15, sorted by position value. The percentage is the weight in each manager's portfolio.
Other relevant holders
Filers with $100M or more in the stock that do not count as concentrated managers because of their type: they are left out of the counts, the consensus and the accumulation.
- 22C CapitalSingle-position portfolio$103M100.0%
Largest holders of CBZ (all 13F filers)
- FMR8.0 MInvestment firm · 14.60% of the company+536 K
- BlackRock5.0 MIndex manager · 9.02% of the company+1.2 M
- Bank of Montreal3.5 MBank or trading desk · 6.27% of the company−54 K
- 22C Capital3.2 MSingle-position portfolio · 5.81% of the company0
- Vanguard Capital Management2.3 MIndex manager · 4.10% of the company+113 K
- Vanguard Portfolio Management2.3 MIndex manager · 4.09% of the company+181 K
- Morgan Stanley1.5 MBank or trading desk · 2.71% of the company−516 K
- Geode Capital Management1.3 MIndex manager · 2.28% of the company+98 K
- State Street1.2 MIndex manager · 2.26% of the company+93 K
- P2 Capital Partners1.1 MInvestment firm · 2.06% of the company−3,700
- Shares
- 8.0 M
- Change
- +536 K
- % of the company
- 14.60%
See more
- Type
- Investment firm
- Value
- $258M
- Shares
- 5.0 M
- Change
- +1.2 M
- % of the company
- 9.02%
See more
- Type
- Index manager
- Value
- $159M
- Shares
- 3.5 M
- Change
- −54 K
- % of the company
- 6.27%
See more
- Type
- Bank or trading desk
- Value
- $111M
- 22C Capital
- Shares
- 3.2 M
- Change
- 0
- % of the company
- 5.81%
See more
- Type
- Single-position portfolio
- Value
- $103M
- Shares
- 2.3 M
- Change
- +113 K
- % of the company
- 4.10%
See more
- Type
- Index manager
- Value
- $72.5M
- Shares
- 2.3 M
- Change
- +181 K
- % of the company
- 4.09%
See more
- Type
- Index manager
- Value
- $72.3M
- Shares
- 1.5 M
- Change
- −516 K
- % of the company
- 2.71%
See more
- Type
- Bank or trading desk
- Value
- $47.9M
- Shares
- 1.3 M
- Change
- +98 K
- % of the company
- 2.28%
See more
- Type
- Index manager
- Value
- $40.3M
- Shares
- 1.2 M
- Change
- +93 K
- % of the company
- 2.26%
See more
- Type
- Index manager
- Value
- $39.9M
- P2 Capital Partners
- Shares
- 1.1 M
- Change
- −3,700
- % of the company
- 2.06%
See more
- Type
- Investment firm
- Value
- $36.5M
The 10 13F filers with the most shares as of Jun 30, 2026, whatever their type (index firms usually come first). “Change”: shares added or cut versus the previous quarter, split-adjusted; “no data” = there is no comparable portfolio for the previous quarter (no filing, or a filing with its holdings under confidential treatment). “% of the company” only where shares outstanding are up to date. Entities of the same group file separately and some 13F filings include other managers: there may be double counting. With a free account: the top 25, the largest buyers and the largest sellers.
Held by institutions (13F)
Institutions (13F): 93.0% of the shares · top 10: 53.2% · in index firms: 28.3% of the institutional total
Q2 2026: 93.0%
Shares reported by the 261 13F filers as of Jun 30, 2026, divided by the shares outstanding on the cover of the company's latest report (Feb 20, 2026). It is not all institutional ownership: only managers above $100M file a 13F, and it excludes short positions. Entities of the same group file separately and some 13F filings include other managers: there may be double counting. We only publish it where the figure is credible: not for ADRs, companies with more than one share class or stale shares-outstanding data.
Fundamentals
12-month figures to Sep 30, 2026 · balance sheet as of Sep 30, 2026.
- Operating margin
- 7.5%
- Net margin
- 4.6%
- ROE
- 6.8%
- Revenue (TTM)
- $2.8 bn
- Revenue growth
- 3.7%
- Net income (TTM)
- $129M
- Net debt / EBITDA
- 4.7x
- Free cash flow (TTM)
- $267M
- Quality vs sector
- —
This company's sector comes from its SIC code, unreviewed, or has too few comparable companies: we do not compare it with its sector.
Figures from the statements the company filed with the SEC (10-K, 10-Q). Free cash flow = operating cash flow − capital expenditures; empty if the company does not report capex. “Quality vs sector”: 0 to 100, the average of its percentiles in ROE, operating margin, free-cash-flow margin, revenue and earnings growth and net debt / EBITDA (at least 3 needed) against companies in its sector above $300M. How each figure is calculated
Shares outstanding: buybacks and dilution
2025: 63.2 M
- 1 year
- +20.1%
- 3 years
- +20.7%
- 5 years
- +14.2%
- Buybacks (FY 2025)
- $160M
- Share issuance
- no data
- Stock-based compensation
- $26.0M0.9% of revenue
- Dividends paid
- no data
From the statements the company filed with the SEC (10-K). The change compares average diluted shares of each fiscal year, on today's basis: negative = it bought back more than it issued; positive = dilution. “No data” = the company does not report that item under a tag we can read; it does not mean zero.
Earnings quality and debt
- Operating cash flow ÷ net income (12 months)
- 2.26
- Interest coverage (operating income ÷ interest)
- 2.2 timesfiscal 2025
- Debt due within 12 months
- $92.8M5.29 times cash and investments
From the figures the company filed with the SEC. Cash flow over net income near or above 1 means earnings are collected in cash; far below, that part is accounting. Coverage says how many times operating income pays the latest fiscal year's interest. Maturities come from the debt note of the latest annual report, counted from its closing date. “No data” never means zero.
Insiders (Form 4)
10% owners who bought (6 m): 0
Open-market purchases, excluding 10b5-1 plans. Officers and directors only; joint filers of the same purchase count as one. 10% owners with no role are shown separately. 0 = nobody bought; “no data” = we do not have its Form 4 filings.
Each of the company's Form 4 filings, on EDGAR ↗Latest trades, with date and filing →
Above 5% (13D/13G)
Disclosed stakes, with their amendments. A filing is not always a purchase: there are also reductions and changes of filing entity.
This list may be incomplete: we hold 13D and 13G filings made since Dec 23, 2024. A holder above 5% that has not filed anything since then is not shown here.
- FMR8.3%13G · amendmentfiling ↗Event: Jul 31, 2026 · filed: Aug 7, 2026
- Capital Research Global Investorsfell below 5%13G · amendmentfiling ↗Event: Mar 31, 2026 · filed: May 14, 2026
- Bank of Montreal6.37%13Gfiling ↗Event: Mar 31, 2026 · filed: May 13, 2026
Above 5% over time (13D/13G)
Each holder with its filings in order. History since December 2024.
Flagged material events (8-K)
Notice of delisting or failure to meet a listing rule (Item 3.01)
«Grant Thornton Advisors completes acquisition of CBIZ»
Change in directors or officers (Item 5.02)
«Grant Thornton Advisors completes acquisition of CBIZ»
Change in directors or officers (Item 5.02)
«Grant Thornton Advisors to Acquire CBIZ for $5 Billion in Transaction Supported by New Mountain Capital»
Change in directors or officers (Item 5.02)
Alert items the company itself flagged in its 8-K filings with the SEC, most serious first. It is the form's label, with no interpretation from us: Item 5.02 covers routine appointments as well as a chief executive's departure; open the filing. The quoted headline is the original press release's.
All material events (8-K)
Earnings, agreements, financing, management changes and announcements from the last year, with a filter by type and a link to each filing.
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Same sector and a similar number of concentrated managers holding them. It is a list to keep exploring, not a recommendation.
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