Institutional Manager · CIK 0001421224

CIBC WORLD MARKET INC.

TORONTO, A6 · File #028-12719

Latest AUM

$62.02B

Positions

1,437

Top-10 Concentration

45.8%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	BERKSHIRE HATHAWAY INC DEL	BRK-A	-2,164	-$1.63B	-$1.6M
ADD	MICROSOFT CORP	MSFT	+2,502,644	+$1.21B	-$37,763
ADD	NUTRIEN LTD	NTR	+6,033,340	+$372.4M	+$512,706
REDUCE	PEMBINA PIPELINE CORP	PPLOF	-9,418,295	-$358.8M	-$22.0M
ADD	WASTE CONNECTIONS INC	WCN	+1,984,769	+$348.1M	-$21,692
ADD	CAMECO CORP	CCJ	+3,745,294	+$343.0M	+$865,412
REDUCE	INVESCO QQQ TR	IVZ	-537,718	-$330.3M	+$8.2M
ADD	BROOKFIELD CORP	11271J107	+6,546,935	+$300.4M	+$1.9M
ADD	FRANCO NEV CORP	FNV	+1,340,315	+$277.9M	-$266,454
ADD	CELESTICA INC	CLS	+530,535	+$157.0M	+$86.4M

Sector Allocation

Technology

17.2%$10.69B

Energy

10.8%$6.70B

Materials

3.3%$2.04B

Consumer Discretionary

3.1%$1.94B

Industrials

3.1%$1.92B

Financials

3.0%$1.89B

Healthcare

2.3%$1.44B

Communication Services

2.1%$1.32B

Consumer Staples

1.1%$716.4M

Real Estate

0.6%$382.7M

Utilities

0.3%$167.4M

Filing History

Feb 10, 202613F HOLDINGS REPORTQ/E Dec 20251,437 pos · $62.02B
Nov 6, 202513F HOLDINGS REPORTQ/E Sep 20251,404 pos · $55.79B
Aug 14, 202513F HOLDINGS REPORTQ/E Jun 20251,354 pos · $50.50B
May 14, 202513F HOLDINGS REPORTQ/E Mar 20251,352 pos · $46.73B
Jan 23, 202513F HOLDINGS REPORTQ/E Dec 20241,352 pos · $47.7M
Nov 12, 202413F HOLDINGS REPORTQ/E Sep 20241,302 pos · $48.0M
Aug 7, 202413F HOLDINGS REPORTQ/E Jun 20241,261 pos · $43.4M
May 13, 202413F HOLDINGS REPORTQ/E Mar 20241,284 pos · $42.1M
Nov 13, 202313F HOLDINGS REPORTQ/E Dec 20231,208 pos · $30.3M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	TORONTO DOMINION BK ONT	TORO	38,666,316	$3.64B	8.57%
2	ROYAL BK CDA	780087102	20,670,197	$3.52B	8.29%
3	BANK NOVA SCOTIA HALIFAX	064149107	28,572,101	$2.11B	4.96%
4	NVIDIA CORPORATION	NVDA	9,195,395	$1.71B	4.03%
5	BANK MONTREAL QUE	063671101	12,551,773	$1.63B	3.83%
6	CANADIAN NAT RES LTD	136385101	44,146,600	$1.50B	3.52%
7	SHOPIFY INC	SHOP	8,777,500	$1.41B	3.32%
8	SHOPIFY INC	SHOP	8,731,927	$1.41B	3.31%
9	TC ENERGY CORP	TRPRF	23,576,724	$1.30B	3.05%
10	ENBRIDGE INC	ENNPF	25,696,810	$1.23B	2.89%
11	MICROSOFT CORP	MSFT	2,503,744	$1.21B	2.85%
12	SUNCOR ENERGY INC NEW	SU	26,117,712	$1.16B	2.73%
13	CANADIAN IMPERIAL BANK OF CO	CNDIF	12,010,183	$1.09B	2.56%
14	BERKSHIRE HATHAWAY INC DEL	BRK-A	1,269	$957.9M	2.25%
15	MANULIFE FINL CORP	56501R106	25,240,489	$916.7M	2.16%
16	APPLE INC	AAPL	3,113,841	$846.5M	1.99%
17	NVIDIA CORPORATION	NVDA	4,518,236	$842.7M	1.98%
18	AMAZON COM INC	AMZN	3,648,794	$842.2M	1.98%
19	BROOKFIELD CORP	11271J107	17,824,212	$818.0M	1.92%
20	BROADCOM INC	AVGO	1,978,430	$684.7M	1.61%