CBIZ INC CBZ
COM · Common Stock · CUSIP 124805102
National provider of financial, insurance and advisory services in the U.S.
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($3.9m this quarter). Holder counts are more reliable. Shares outstanding: 49.8m as of 2023-07-24, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $53.29. Options: 2 managers hold calls ($708.6k notional), 2 hold puts ($223.8k).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 209 |
| Q4 2022 | 228 |
| Q1 2023 | 228 |
| Q2 2023 | 234 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 97 | 101 |
| Q1 2023 | 107 | 94 |
| Q2 2023 | 102 | 101 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $149.0k | $291.0k | 1.95 |
| Q4 2022 | $397.2k | $562.2k | 1.42 |
| Q1 2023 | $637.6k | $79.2k | 0.12 |
| Q2 2023 | $708.6k | $223.8k | 0.32 |
Biggest buyers
| FMR LLC | Added | +321.5k |
| BlackRock Inc. | Added | +184.0k |
| MACQUARIE GROUP LTD | Added | +174.5k |
| JPMORGAN CHASE & CO | Added | +158.8k |
| Premier Fund Managers Ltd | New | +88.5k |
| Burgundy Asset Management Ltd. | Added | +76.9k |
| Retirement Systems of Alabama | New | +72.3k |
| TWO SIGMA INVESTMENTS, LP | Added | +71.4k |
| NEUBERGER BERMAN GROUP LLC | Added | +52.7k |
| MORGAN STANLEY | Added | +49.1k |
Biggest sellers
| DIMENSIONAL FUND ADVISORS LP | Reduced | -353.1k |
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -292.9k |
| STRS OHIO | Reduced | -284.9k |
| CARDINAL CAPITAL MANAGEMENT LLC /CT | Reduced | -242.2k |
| NORTHERN TRUST CORP | Reduced | -211.2k |
| Allspring Global Investments Holdings, LLC | Reduced | -187.7k |
| Nuveen Asset Management, LLC | Reduced | -77.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -76.6k |
| P2 Capital Partners, LLC | Reduced | -70.6k |
| GREAT LAKES ADVISORS, LLC | Reduced | -64.1k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $708.6k13.3k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $223.8k4.2k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| FMR LLC 13G · institution -6.7 pts · filed 2026-08-07 | 8.3% |
| BANK OF MONTREAL /CAN/ 13G · institution new · filed 2026-05-13 | 6.4% |
| Winn David Randall 13G · passive investor new · filed 2025-05-08 | 5.2% |
Fell to 5% or below in the last year: Capital Research Global Investors (0.0%, 2026-05-14), MORGAN STANLEY (3.0%, 2026-05-11), VANGUARD GROUP INC (0.0%, 2026-03-26), Durable Capital Partners LP (3.0%, 2026-02-17)
Insider purchases and sales in Q2 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 1 | $71.0k | — |
| Q1 2022 | 1 | $97.5k | 3 | $3.7m | — |
| Q2 2022 | 0 | — | 3 | $1.0m | — |
| Q3 2022 | 0 | — | 2 | $3.7m | — |
| Q4 2022 | 0 | — | 2 | $2.5m | — |
| Q1 2023 | 0 | — | 3 | $8.3m | — |
| Q2 2023 | 0 | — | 2 | $2.3m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-06-05 | DIMARTINO JOSEPH S Director | Sold | $261.8k5.0k shares |
| 2023-05-19 | DIMARTINO JOSEPH S Director | Sold | $245.6k4.9k shares |
| 2023-05-17 | DIMARTINO JOSEPH S Director | Sold | $251.4k5.0k shares |
| 2023-05-15 | DIMARTINO JOSEPH S Director | Sold | $498.2k10.0k shares |
| 2023-05-01 | GROVE WARE H C.F.O. | Sold | $80.1k1.5k shares |
| 2023-04-28 | GROVE WARE H C.F.O. | Sold | $980.4k18.5k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.02% of their portfolio | 3.9m $210.4m | Added +49.1k |
| BlackRock Inc. 0.01% of their portfolio | 3.4m $183.3m | Added +184.0k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 2.9m $152.1m | Reduced -353.1k |
| P2 Capital Partners, LLC 16.67% of their portfolio | 2.7m $143.3m | Reduced -70.6k |
| VANGUARD GROUP INC 0.00% of their portfolio | 2.6m $140.4m | Added +10.3k |
| Burgundy Asset Management Ltd. 1.18% of their portfolio | 1.9m $100.4m | Added +76.9k |
| FIL Ltd 0.11% of their portfolio | 1.9m $100.0m | Unchanged |
| Allspring Global Investments Holdings, LLC 0.12% of their portfolio | 1.4m $75.4m | Reduced -187.7k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.48% of their portfolio | 1.3m $67.5m | Reduced -8.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.07% of their portfolio | 1.2m $64.4m | Reduced -292.9k |
| Mawer Investment Management Ltd. 0.30% of their portfolio | 1.1m $57.5m | Reduced -16.3k |
| STATE STREET CORP 0.00% of their portfolio | 1.0m $54.7m | Added +11.0k |
| GW&K Investment Management, LLC 0.48% of their portfolio | 958.2k $51.1m | Added +8.6k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 952.0k $50.7m | Reduced -211.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 945.7k $50.4m | Added +37.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 891.4k $47.5m | Added +38.8k |
| BloombergSen Inc. 4.15% of their portfolio | 879.3k $46.9m | Added +7.9k |
| MACQUARIE GROUP LTD 0.05% of their portfolio | 864.7k $46.1m | Added +174.5k |
| CARDINAL CAPITAL MANAGEMENT LLC /CT 1.65% of their portfolio | 819.1k $43.6m | Reduced -242.2k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.13% of their portfolio | 752.2k $40.1m | Added +14.3k |
| Granite Investment Partners, LLC 1.51% of their portfolio | 710.3k $37.8m | Reduced -5.9k |
| NEUMEIER POMA INVESTMENT COUNSEL LLC 3.42% of their portfolio | 701.5k $37.4m | Added +19.5k |
| Paradice Investment Management LLC 2.68% of their portfolio | 676.5k $36.0m | Reduced -24.6k |
| Fenimore Asset Management Inc 0.71% of their portfolio | 531.6k $28.3m | Reduced -34.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 483.7k $25.8m | Reduced -3.5k |
| FMR LLC 0.00% of their portfolio | 474.4k $25.3m | Added +321.5k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 413.7k $22.0m | Reduced -77.3k |
| NORGES BANK 0.00% of their portfolio | 395.7k $21.1m | Reduced -4.9k |
| ArrowMark Colorado Holdings LLC 0.22% of their portfolio | 370.7k $19.8m | Reduced -28.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 358.7k $19.1m | Reduced -44.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 354.3k $18.9m | Reduced -37.5k |
| BESSEMER GROUP INC 0.03% of their portfolio | 305.7k $16.3m | Added +14.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 248.9k $13.3m | Added +158.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 225.5k $12.0m | Added +11.1k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 210.8k $11.2m | Reduced -5.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 191.4k $10.2m | Reduced -76.6k |
| Invesco Ltd. 0.00% of their portfolio | 183.1k $9.8m | Reduced -1.6k |
| FIRST MANHATTAN CO. LLC. 0.03% of their portfolio | 155.6k $8.3m | Reduced -36.9k |
| Boston Partners 0.01% of their portfolio | 154.8k $8.2m | Reduced -8.9k |
| SEGALL BRYANT & HAMILL, LLC 0.07% of their portfolio | 127.6k $6.8m | Added +588 |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 127.6k $6.8m | Added +52.7k |
| GREAT LAKES ADVISORS, LLC 0.07% of their portfolio | 123.7k $6.6m | Reduced -64.1k |
| STRS OHIO 0.03% of their portfolio | 121.3k $6.5m | Reduced -284.9k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 113.7k $6.1m | Added +44.4k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio | 112.2k $6.0m | Reduced -37 |
| Alberta Investment Management Corp 0.05% of their portfolio | 105.5k $5.6m | Unchanged |
| Swiss National Bank 0.00% of their portfolio | 98.7k $5.3m | Unchanged |
| Fiera Capital Corp 0.01% of their portfolio | 96.3k $5.1m | Added +38.6k |
| CASTLEARK MANAGEMENT LLC 0.22% of their portfolio | 90.7k $4.8m | Reduced -12.2k |
| PANAGORA ASSET MANAGEMENT INC 0.03% of their portfolio | 90.2k $4.8m | Reduced -16.7k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 89.5k $4.8m | Added +71.4k |
| Premier Fund Managers Ltd 0.19% of their portfolio | 88.5k $4.7m | New |
| Assenagon Asset Management S.A. 0.02% of their portfolio | 87.7k $4.7m | Reduced -35.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 83.8k $4.5m | Added +12 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 81.4k $4.3m | Added +47.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 79.6k $3.9m | Unchanged |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 78.6k $4.2m | Reduced -1.8k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 78.2k $4.2m | Added +13.6k |
| Retirement Systems of Alabama 0.02% of their portfolio | 72.3k $3.9m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 72.3k $3.8m | Reduced -5.6k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 70.8k $3.8m | Reduced -4.0k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 69.7k $3.7m | Added +2.4k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 69.3k $3.7m | Reduced -13.9k |
| Calamos Advisors LLC 0.02% of their portfolio | 68.4k $3.6m | Added +26.6k |
| UBS Group AG 0.00% of their portfolio | 67.2k $3.6m | Added +7.2k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 63.3k $3.4m | Added +24.8k |
| RICE HALL JAMES & ASSOCIATES, LLC 0.19% of their portfolio | 62.3k $3.3m | Reduced -7.6k |
| Laurus Global Equity Management Inc. 1.50% of their portfolio | 59.2k $4.2m | Added +3.9k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 57.9k $3.1m | Added +8.5k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 57.8k $3.1m | Reduced -3.6k |
| WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV 1.02% of their portfolio | 57.6k $3.1m | Unchanged |
| ARGENT CAPITAL MANAGEMENT LLC 0.10% of their portfolio | 56.9k $3.0m | Added +925 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 55.9k $3.0m | Reduced -1.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 52.0k $2.8m | Added +27.8k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.02% of their portfolio | 49.8k $2.7m | Reduced -5.0k |
| Legal & General Group Plc 0.00% of their portfolio | 49.8k $2.7m | Added +1.4k |
| CHATHAM CAPITAL GROUP, INC. 0.54% of their portfolio | 48.6k $2.6m | Added +50 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 48.0k $2.6m | Added +10.3k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 47.4k $2.5m | Added +499 |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 46.7k $2.5m | Added +5.0k |
| Roundview Capital LLC 0.24% of their portfolio | 45.9k $2.4m | Unchanged |
| MARTINGALE ASSET MANAGEMENT L P 0.05% of their portfolio | 44.1k $2.4m | Reduced -2.2k |
| Edgestream Partners, L.P. 0.21% of their portfolio | 43.4k $2.3m | New |
| Private Advisor Group, LLC 0.02% of their portfolio | 42.3k $2.3m | Unchanged |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 34.8k $1.9m | Added +14.6k |
| ROYCE & ASSOCIATES LP 0.02% of their portfolio | 33.4k $1.8m | Added +16.6k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.18% of their portfolio | 33.2k $1.8m | Added +21.5k |
| Millington Financial Advisors, LLC 1.41% of their portfolio | 29.8k $1.6m | Reduced -410 |
| CITIGROUP INC 0.00% of their portfolio | 29.7k $1.6m | Added +21.7k |
| CWM, LLC 0.01% of their portfolio | 29.4k $1.6m | Reduced -3.9k |
| AXA S.A. 0.01% of their portfolio | 29.4k $1.6m | Unchanged |
| Schneider Downs Wealth Management Advisors, LP 0.34% of their portfolio | 28.3k $1.5m | Reduced -394 |
| GLENMEDE TRUST CO NA 0.01% of their portfolio | 27.6k $1.4m | Unchanged |
| AVIVA PLC 0.01% of their portfolio | 27.0k $1.4m | Reduced -2.2k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 25.8k $1.4m | Added +420 |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 23.3k $1.2m | Added +115 |
| AMERICAN INTERNATIONAL GROUP, INC. 0.01% of their portfolio | 23.1k $1.2m | Added +261 |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 22.8k $1.2m | Added +12.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 22.5k $1.2m | Reduced -6.8k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.01% of their portfolio | 22.3k $1.2m | Reduced -12.1k |