CIBC Asset Management Inc

New 13F: Q3 2026

CIBC Asset Management Inc filed its 13F for the quarter ended Sep 30, 2026 on Nov 5, 2026: $14.3B in AI and semiconductor stocks; $755.3M bought and $53.7M sold against its previous quarter, at the quarter's prices.

• added to SpaceX (SPCX): +$110.2M at the quarter's price
• added to NVIDIA (NVDA): +$58.1M at the quarter's price
• added to Alphabet (GOOGL): +$46.4M at the quarter's price
• added to Celestica (CLS): +$42.3M at the quarter's price
• added to Apple (AAPL): +$37.8M at the quarter's price
• added to Microsoft (MSFT): +$37.1M at the quarter's price
• added to Micron (MU): +$36.2M at the quarter's price
• added to Intel (INTC): +$34.6M at the quarter's price
• added to TSMC (TSM): +$32.5M at the quarter's price
• added to AMD (AMD): +$30.0M at the quarter's price

CIBC Asset Management Inc declares $13.1B in 173 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 28.8% of its $45.6B 13F portfolio. Largest positions: NVIDIA (0.03% of the company) and Apple (0.03% of the company). Over time: $13.1B in 173 of these companies for Q2 2026, against $1.3B in 93 for Q4 2019 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $347.4M and sold $500.6M of these stocks, at the quarter's prices: a net sale of $153.2M; 14 new positions and 7 sold out.

Performance of its AI picks

The AI-stock portfolio CIBC Asset Management Inc declared for Q2 2026 (Form 13F), held unchanged, returned +3.9% in Q3 2026 (SMH -7.1%), ranked 849 of 1,785 active managers. Over the last 12 months, quarter after quarter: +31.3% (SMH +87.2%), ranked 492 of 1,360 active managers. Over three years, quarter after quarter: +155.3% (SMH +325.8%), ranked 289 of 784 active managers. Over five years, quarter after quarter: +172.5% (SMH +389.8%), ranked 175 of 535 active managers. Trades made during a quarter are not visible in 13F filings: this measures its declared picks, not the return of its funds.

Largest positions

1. NVIDIA (NVDA): $1.6B, 8.2M shares, 0.03% of the company, 3.6% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
2. Apple (AAPL): $1.5B, 5.1M shares, 0.03% of the company, 3.2% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
3. Alphabet (GOOGL): $1.4B, 3.8M shares, 0.03% of the company, 3.0% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
4. Microsoft (MSFT): $967.6M, 2.6M shares, 0.03% of the company, 2.1% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
5. Amazon (AMZN): $820.7M, 3.4M shares, 0.03% of the company, 1.8% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
6. Broadcom (AVGO): $647.2M, 1.7M shares, 0.04% of the company, 1.4% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
7. Micron (MU): $619.5M, 536,729 shares, 0.05% of the company, 1.4% of its portfolio (added this quarter); held since Q4 2019 or earlier
8. Meta Platforms (META): $469.9M, 834,297 shares, 0.03% of the company, 1.0% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
9. AMD (AMD): $454.1M, 781,657 shares, 0.05% of the company, 1.00% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
10. Intel (INTC): $318.4M, 2.3M shares, 0.04% of the company, 0.70% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
11. Applied Materials (AMAT): $278.8M, 385,950 shares, 0.05% of the company, 0.61% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
12. Lam Research (LRCX): $267.1M, 616,415 shares, 0.05% of the company, 0.59% of its portfolio (added this quarter); held since Q4 2019 or earlier
13. Cisco (CSCO): $194.2M, 1.7M shares, 0.04% of the company, 0.43% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
14. KLA (KLAC): $170.8M, 566,014 shares, 0.04% of the company, 0.37% of its portfolio (added this quarter); held since Q4 2019 or earlier
15. Sandisk (SNDK): $153.3M, 67,431 shares, 0.05% of the company, 0.34% of its portfolio (added this quarter); held since Q1 2025

By sector

• Cloud & AI giants: $5.1B, 39% of its AI holdings, 6 companies
• Chips & compute: $3.7B, 28% of its AI holdings, 27 companies
• Memory & storage: $1.0B, 8% of its AI holdings, 6 companies
• Power, electrical & cooling: $844.8M, 6% of its AI holdings, 41 companies
• Equipment & test: $842.0M, 6% of its AI holdings, 20 companies
• AI software: $787.2M, 6% of its AI holdings, 24 companies
• Interconnect: $341.2M, 3% of its AI holdings, 10 companies
• Servers & systems: $320.0M, 2% of its AI holdings, 12 companies
• Neoclouds & data centers: $124.2M, 1% of its AI holdings, 20 companies
• Optics: $111.0M, 1% of its AI holdings, 7 companies

Biggest changes this quarter

• trimmed NVIDIA (NVDA): -$78.0M at the quarter's price
• trimmed Microsoft (MSFT): -$60.3M at the quarter's price
• trimmed Alphabet (GOOGL): -$59.9M at the quarter's price
• added to Sandisk (SNDK): +$49.3M at the quarter's price
• trimmed Celestica (CLS): -$47.6M at the quarter's price
• trimmed Apple (AAPL): -$46.8M at the quarter's price
• trimmed Broadcom (AVGO): -$46.2M at the quarter's price
• added to Marvell (MRVL): +$35.2M at the quarter's price
• trimmed Amazon (AMZN): -$32.0M at the quarter's price
• trimmed TSMC (TSM): -$30.9M at the quarter's price

Other holders of this size

• WESTFIELD CAPITAL MANAGEMENT CO LP: $12.9B in 74 of these companies
• COMMONWEALTH EQUITY SERVICES, LLC: $13.3B in 197 of these companies
• a16z Capital Management, L.L.C.: $12.9B in 2 of these companies
• Retirement Systems of Alabama: $13.3B in 126 of these companies
• State of Tennessee, Department of Treasury: $12.7B in 159 of these companies
• Connor, Clark & Lunn Investment Management Ltd.: $13.4B in 138 of these companies
• SOFTBANK GROUP CORP.: $12.7B in 3 of these companies
• FIRST MANHATTAN CO. LLC.: $13.4B in 81 of these companies

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