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 ($2.3m this quarter). Holder counts are more reliable. Shares outstanding: 50.2m as of 2024-07-29, 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 ≈ $74.13. Options: 4 managers hold calls ($1.3m notional), 2 hold puts ($7.4k).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 209 |
| Q4 2022 | 228 |
| Q1 2023 | 228 |
| Q2 2023 | 234 |
| Q3 2023 | 245 |
| Q4 2023 | 260 |
| Q1 2024 | 269 |
| Q2 2024 | 276 |
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 |
| Q3 2023 | 114 | 106 |
| Q4 2023 | 117 | 110 |
| Q1 2024 | 114 | 139 |
| Q2 2024 | 123 | 115 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $1.1m | $305.3k | 0.27 |
| Q4 2023 | $2.9m | $243.8k | 0.08 |
| Q1 2024 | $4.2m | $149.2k | 0.04 |
| Q2 2024 | $1.3m | $7.4k | 0.01 |
Biggest buyers
| VANGUARD GROUP INC | Added | +934.4k |
| JPMORGAN CHASE & CO | Added | +919.9k |
| Capital Research Global Investors | Added | +688.8k |
| Capital World Investors | Added | +306.3k |
| WCM INVESTMENT MANAGEMENT, LLC | New | +202.1k |
| BLAIR WILLIAM & CO/IL | Added | +174.8k |
| Qube Research & Technologies Ltd | Added | +142.4k |
| JANE STREET GROUP, LLC | Added | +124.8k |
| Rockefeller Capital Management L.P. | New | +115.3k |
| Summit Creek Advisors LLC | Added | +110.2k |
Biggest sellers
| MORGAN STANLEY | Reduced | -7.2m |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -404.0k |
| FIL Ltd | Reduced | -359.0k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | Sold out | -329.6k |
| P2 Capital Partners, LLC | Reduced | -295.0k |
| Mawer Investment Management Ltd. | Reduced | -238.4k |
| CARDINAL CAPITAL MANAGEMENT LLC /CT | Reduced | -235.4k |
| GOLDMAN SACHS GROUP INC | Reduced | -194.3k |
| Select Equity Group, L.P. | Reduced | -131.1k |
| CITIGROUP INC | Reduced | -119.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $867.0k11.7k shares |
| CITADEL ADVISORS LLC | Reduced | $444.6k6.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $14.0k200 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $7.4k100 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 2024
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 2022 | 0 | — | 2 | $3.7m | — |
| Q4 2022 | 0 | — | 2 | $2.5m | — |
| Q1 2023 | 0 | — | 3 | $8.3m | — |
| Q2 2023 | 0 | — | 2 | $2.3m | — |
| Q3 2023 | 0 | — | 2 | $1.5m | — |
| Q4 2023 | 0 | — | 1 | $1.5m | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 4.6m $343.8m | Added +934.4k |
| Capital Research Global Investors 0.06% of their portfolio | 3.8m $282.9m | Added +688.8k |
| BlackRock Inc. 0.01% of their portfolio | 3.5m $261.6m | Added +85.6k |
| MORGAN STANLEY 0.02% of their portfolio | 2.9m $218.4m | Reduced -7.2m |
| Burgundy Asset Management Ltd. 1.74% of their portfolio | 2.2m $164.5m | Added +40.2k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 1.6m $119.6m | Reduced -404.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.3m $97.2m | Added +919.9k |
| NEUBERGER BERMAN GROUP LLC 0.07% of their portfolio | 1.2m $88.1m | Added +4.6k |
| Select Equity Group, L.P. 0.33% of their portfolio | 1.1m $83.8m | Reduced -131.1k |
| STATE STREET CORP 0.00% of their portfolio | 1.1m $83.0m | Added +45.3k |
| Allspring Global Investments Holdings, LLC 0.13% of their portfolio | 1.1m $82.6m | Reduced -61.3k |
| P2 Capital Partners, LLC 9.75% of their portfolio | 1.1m $81.8m | Reduced -295.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.1m $81.3m | Added +41.3k |
| BloombergSen Inc. 7.32% of their portfolio | 1.0m $77.1m | Reduced -27.4k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 921.5k $68.3m | Reduced -3.0k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.45% of their portfolio | 878.0k $65.1m | Reduced -62.6k |
| GW&K Investment Management, LLC 0.57% of their portfolio | 839.7k $62.2m | Reduced -35.5k |
| Capital World Investors 0.01% of their portfolio | 823.3k $61.0m | Added +306.3k |
| Mawer Investment Management Ltd. 0.28% of their portfolio | 791.6k $58.7m | Reduced -238.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 777.6k $57.6m | Reduced -50.6k |
| Premier Fund Managers Ltd 2.11% of their portfolio | 713.7k $52.6m | Unchanged |
| NEUMEIER POMA INVESTMENT COUNSEL LLC 4.49% of their portfolio | 662.2k $49.1m | Reduced -24.9k |
| Granite Investment Partners, LLC 1.78% of their portfolio | 580.9k $43.0m | Reduced -74.6k |
| MACQUARIE GROUP LTD 0.04% of their portfolio | 516.7k $38.3m | Reduced -51.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 515.5k $38.2m | Added +9.4k |
| FMR LLC 0.00% of their portfolio | 466.8k $34.6m | Added +4.7k |
| Fenimore Asset Management Inc 0.73% of their portfolio | 448.5k $33.2m | Reduced -78.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 412.5k $30.6m | Added +26.9k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 358.8k $26.6m | Reduced -194.3k |
| BESSEMER GROUP INC 0.04% of their portfolio | 341.2k $25.3m | Added +11.8k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.11% of their portfolio | 340.1k $25.2m | Added +37.0k |
| FIL Ltd 0.02% of their portfolio | 318.8k $23.6m | Reduced -359.0k |
| BLAIR WILLIAM & CO/IL 0.07% of their portfolio | 305.0k $22.6m | Added +174.8k |
| NORGES BANK 0.00% of their portfolio | 292.7k $21.7m | Unchanged |
| Artemis Investment Management LLP 0.27% of their portfolio | 270.8k $20.1m | Added +52.2k |
| ArrowMark Colorado Holdings LLC 0.19% of their portfolio | 219.9k $16.3m | Reduced -29.0k |
| Summit Creek Advisors LLC 2.20% of their portfolio | 216.8k $16.1m | Added +110.2k |
| Invesco Ltd. 0.00% of their portfolio | 206.3k $15.3m | Added +15.4k |
| WCM INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 202.1k $14.9m | New |
| ROYCE & ASSOCIATES LP 0.14% of their portfolio | 195.2k $14.5m | Reduced -5.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 187.5k $13.9m | Added +4.6k |
| Fiera Capital Corp 0.04% of their portfolio | 174.9k $13.0m | Added +11.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 172.1k $12.8m | Reduced -8.7k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 168.7k $12.5m | Reduced -67.8k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 163.7k $12.1m | Added +142.4k |
| Paradice Investment Management LLC 2.10% of their portfolio | 160.2k $11.9m | Unchanged |
| FIRST MANHATTAN CO. LLC. 0.03% of their portfolio | 146.4k $10.8m | Reduced -250 |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 131.6k $9.8m | Added +124.8k |
| SEGALL BRYANT & HAMILL, LLC 0.17% of their portfolio | 129.0k $9.6m | Added +3.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 128.9k $9.6m | Added +57.8k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 122.3k $9.1m | Reduced -3.2k |
| Rockefeller Capital Management L.P. 0.02% of their portfolio | 115.3k $8.5m | New |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 107.3k $8.0m | Added +56.0k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.03% of their portfolio | 107.3k $8.0m | Reduced -18 |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 100.6k $7.5m | Reduced -14.7k |
| Bancreek Capital Management, LP 5.82% of their portfolio | 100.6k $7.5m | Added +30.6k |
| CARDINAL CAPITAL MANAGEMENT LLC /CT 1.97% of their portfolio | 97.2k $7.2m | Reduced -235.4k |
| Swiss National Bank 0.00% of their portfolio | 88.3k $6.5m | Unchanged |
| Pacific Capital Partners Ltd 4.29% of their portfolio | 87.5k $6.5m | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 87.0k $6.4m | Added +1.4k |
| Edgestream Partners, L.P. 0.30% of their portfolio | 84.9k $6.3m | New |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 83.3k $6.2m | Added +6.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 83.3k $6.2m | Added +41.3k |
| Retirement Systems of Alabama 0.02% of their portfolio | 78.2k $5.8m | Added +13.4k |
| STRS OHIO 0.02% of their portfolio | 73.8k $5.5m | Added +4.5k |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.02% of their portfolio | 73.4k $5.4m | Added +3.2k |
| ARGENT CAPITAL MANAGEMENT LLC 0.16% of their portfolio | 73.2k $5.4m | Added +22.3k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 72.3k $5.4m | Added +2.6k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 61.2k $4.5m | Reduced -4.5k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio | 60.5k $4.5m | Reduced -6.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 58.6k $4.3m | New |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 58.2k $4.3m | Reduced -13.0k |
| WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV 1.07% of their portfolio | 57.6k $4.3m | Unchanged |
| UBS Group AG 0.00% of their portfolio | 57.6k $4.3m | Reduced -43.0k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.07% of their portfolio | 57.6k $4.3m | Added +912 |
| Bridge City Capital, LLC 1.42% of their portfolio | 57.0k $4.2m | Added +11.2k |
| Laurus Global Equity Management Inc. 2.37% of their portfolio | 56.6k $5.7m | Unchanged |
| RICE HALL JAMES & ASSOCIATES, LLC 0.25% of their portfolio | 55.2k $4.1m | Reduced -3.8k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 53.4k $4.0m | Added +710 |
| Legal & General Group Plc 0.00% of their portfolio | 51.6k $3.8m | Added +396 |
| CHATHAM CAPITAL GROUP, INC. 0.67% of their portfolio | 51.4k $3.8m | Reduced -20 |
| Roundview Capital LLC 0.29% of their portfolio | 50.4k $3.7m | Added +4.5k |
| Boston Partners 0.00% of their portfolio | 50.0k $3.7m | Reduced -22.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 44.1k $3.3m | Reduced -1.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 44.1k $3.3m | Added +401 |
| AXA S.A. 0.00% of their portfolio | 43.6k $3.2m | Added +21.8k |
| Private Advisor Group, LLC 0.02% of their portfolio | 43.3k $3.2m | Reduced -149 |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 43.0k $3.2m | Reduced -1.9k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.02% of their portfolio | 42.5k $3.2m | Reduced -12.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 39.2k $2.9m | Reduced -4.0k |
| Manatuck Hill Partners, LLC 1.17% of their portfolio | 35.8k $2.7m | Unchanged |
| PANAGORA ASSET MANAGEMENT INC 0.01% of their portfolio | 33.1k $2.4m | Added +1.7k |
| CHASE INVESTMENT COUNSEL CORP 0.86% of their portfolio | 32.8k $2.4m | Added +978 |
| HighTower Advisors, LLC 0.00% of their portfolio | 31.8k $2.4m | Reduced -5.0k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 31.2k $2.3m | Reduced -943 |
| B. Metzler seel. Sohn & Co. AG 0.02% of their portfolio | 31.2k $2.3m | New |
| Millington Financial Advisors, LLC 1.51% of their portfolio | 29.3k $2.2m | Added +391 |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 29.2k $2.2m | Reduced -20.8k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 27.7k $2.0m | Added +3.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 27.3k $2.0m | Added +357 |