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 ($4.3m this quarter). Holder counts are more reliable. Shares outstanding: 54.0m as of 2025-07-25, 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 ≈ $71.72. Options: 2 managers hold calls ($437.4k notional), 2 hold puts ($337.0k).
Trends to Q2 2025
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 |
| Q3 2024 | 286 |
| Q4 2024 | 282 |
| Q1 2025 | 291 |
| Q2 2025 | 278 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 114 | 106 |
| Q4 2023 | 117 | 110 |
| Q1 2024 | 114 | 139 |
| Q2 2024 | 123 | 115 |
| Q3 2024 | 152 | 109 |
| Q4 2024 | 133 | 129 |
| Q1 2025 | 138 | 112 |
| Q2 2025 | 130 | 124 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $732.7k | $20.2k | 0.03 |
| Q4 2024 | $801.8k | $40.9k | 0.05 |
| Q1 2025 | $765.6k | $0 | 0.00 |
| Q2 2025 | $437.4k | $337.0k | 0.77 |
Biggest buyers
| FMR LLC | Added | +824.9k |
| JANUS HENDERSON GROUP PLC | Added | +682.2k |
| ROYAL BANK OF CANADA | Added | +526.6k |
| VANGUARD GROUP INC | Added | +429.2k |
| Capital World Investors | Added | +367.0k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | New | +303.1k |
| Capital Research Global Investors | Added | +279.9k |
| MONTRUSCO BOLTON INVESTMENTS INC. | New | +233.4k |
| JPMORGAN CHASE & CO | Added | +232.4k |
| BlackRock, Inc. | Added | +220.7k |
Biggest sellers
| DIMENSIONAL FUND ADVISORS LP | Reduced | -740.5k |
| Fiera Capital Corp | Sold out | -234.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -176.5k |
| GW&K Investment Management, LLC | Reduced | -124.0k |
| Nuveen, LLC | Reduced | -119.5k |
| P2 Capital Partners, LLC | Reduced | -110.8k |
| Granite Investment Partners, LLC | Reduced | -104.3k |
| Invesco Ltd. | Reduced | -101.0k |
| Allspring Global Investments Holdings, LLC | Reduced | -95.5k |
| SG Capital Management LLC | Sold out | -90.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $437.4k6.1k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $337.0k4.7k 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 2025
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 2023 | 0 | — | 2 | $1.5m | — |
| Q4 2023 | 0 | — | 1 | $1.5m | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 1 | $77.6k | 1 | $644.2k | — |
| Q1 2025 | 1 | $76.2k | 2 | $750.9k | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 5.1m $364.4m | Added +429.2k |
| BlackRock, Inc. 0.01% of their portfolio | 3.8m $271.8m | Added +220.7k |
| MORGAN STANLEY 0.02% of their portfolio | 3.3m $233.1m | Added +129.7k |
| Capital Research Global Investors 0.04% of their portfolio | 3.0m $214.2m | Added +279.9k |
| Burgundy Asset Management Ltd. 1.62% of their portfolio | 2.3m $166.5m | Added +100.9k |
| FMR LLC 0.01% of their portfolio | 1.9m $133.4m | Added +824.9k |
| P2 Capital Partners, LLC 26.11% of their portfolio | 1.8m $129.5m | Reduced -110.8k |
| Capital World Investors 0.02% of their portfolio | 1.6m $115.3m | Added +367.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.2m $87.8m | Added +96.5k |
| STATE STREET CORP 0.00% of their portfolio | 1.2m $86.8m | Added +53.1k |
| BloombergSen Inc. 6.78% of their portfolio | 1.1m $80.3m | Added +97.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 986.0k $70.7m | Added +232.4k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 922.9k $66.2m | Added +526.6k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 897.4k $64.4m | Reduced -34.5k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.42% of their portfolio | 876.0k $62.8m | Added +168.9k |
| Premier Fund Managers Ltd 2.12% of their portfolio | 818.5k $58.2m | Added +7.5k |
| GW&K Investment Management, LLC 0.49% of their portfolio | 769.6k $55.2m | Reduced -124.0k |
| Allspring Global Investments Holdings, LLC 0.09% of their portfolio | 753.5k $54.6m | Reduced -95.5k |
| JANUS HENDERSON GROUP PLC 0.02% of their portfolio | 701.5k $50.3m | Added +682.2k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 669.3k $48.0m | Reduced -740.5k |
| Invesco Ltd. 0.01% of their portfolio | 602.9k $43.2m | Reduced -101.0k |
| Artemis Investment Management LLP 0.52% of their portfolio | 561.4k $40.3m | Reduced -70.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 555.2k $39.8m | Added +31.1k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 521.6k $37.4m | Added +151.8k |
| Handelsbanken Fonder AB 0.12% of their portfolio | 462.0k $33.1m | Added +115.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 454.6k $32.6m | Added +1.3k |
| GENEVA CAPITAL MANAGEMENT LLC 0.54% of their portfolio | 450.0k $32.3m | Added +25.0k |
| BESSEMER GROUP INC 0.05% of their portfolio | 447.8k $32.1m | Added +19.9k |
| NEUMEIER POMA INVESTMENT COUNSEL LLC 2.93% of their portfolio | 439.0k $31.5m | Reduced -17.4k |
| BLAIR WILLIAM & CO/IL 0.09% of their portfolio | 434.5k $31.2m | Added +6.9k |
| Granite Investment Partners, LLC 1.52% of their portfolio | 434.0k $31.1m | Reduced -104.3k |
| Fenimore Asset Management Inc 0.62% of their portfolio | 432.4k $31.0m | Added +40 |
| MACQUARIE GROUP LTD 0.04% of their portfolio | 429.3k $30.8m | Added +1.3k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 417.2k $29.9m | Added +7.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 409.3k $29.4m | Reduced -176.5k |
| WATERS PARKERSON & CO., LLC 1.43% of their portfolio | 398.7k $28.6m | Added +94.2k |
| Summit Creek Advisors LLC 3.06% of their portfolio | 306.3k $22.0m | Added +2.2k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio | 303.1k $21.7m | New |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.07% of their portfolio | 258.0k $18.5m | Reduced -58.4k |
| UBS Group AG 0.00% of their portfolio | 255.0k $18.3m | Added +103.7k |
| MONTRUSCO BOLTON INVESTMENTS INC. 0.19% of their portfolio | 233.4k $16.7m | New |
| Alpha Wave Global, LP 1.79% of their portfolio | 232.0k $16.6m | Added +143.5k |
| ROYCE & ASSOCIATES LP 0.15% of their portfolio | 210.2k $15.1m | Unchanged |
| SEGALL BRYANT & HAMILL, LLC 0.20% of their portfolio | 200.8k $14.4m | Added +34.4k |
| Nuveen, LLC 0.00% of their portfolio | 190.2k $13.6m | Reduced -119.5k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 176.2k $12.6m | Added +133.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 172.9k $12.4m | Added +29.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 163.2k $11.7m | Added +13.6k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 156.5k $11.2m | Added +10.2k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 144.3k $10.3m | Added +68.3k |
| FIRST MANHATTAN CO. LLC. 0.03% of their portfolio | 132.3k $9.5m | Reduced -11.0k |
| Mawer Investment Management Ltd. 0.05% of their portfolio | 128.7k $9.2m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 124.3k $8.9m | Added +26.0k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.03% of their portfolio | 114.3k $8.2m | Added +4.1k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 112.0k $8.0m | New |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 109.5k $7.9m | Reduced -29.9k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 109.1k $7.8m | New |
| Ananym Capital Management, LP 3.18% of their portfolio | 102.8k $7.4m | New |
| BARCLAYS PLC 0.00% of their portfolio | 102.3k $7.3m | Added +40.8k |
| Swiss National Bank 0.00% of their portfolio | 98.1k $7.0m | Added +10.6k |
| Pacific Capital Partners Ltd 6.39% of their portfolio | 95.0k $6.8m | Reduced -30.0k |
| STRS OHIO 0.02% of their portfolio | 91.8k $6.6m | Added +600 |
| ARGENT CAPITAL MANAGEMENT LLC 0.18% of their portfolio | 89.7k $6.4m | Added +697 |
| Bridge City Capital, LLC 1.68% of their portfolio | 83.7k $6.0m | Reduced -887 |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 80.8k $5.8m | Added +8.6k |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.02% of their portfolio | 80.2k $5.8m | Reduced -2.0k |
| Bancreek Capital Management, LP 9.48% of their portfolio | 77.1k $5.5m | Reduced -4.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 76.3k $5.5m | Reduced -1.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 75.3k $5.4m | Reduced -4.4k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 74.7k $5.4m | Added +10.8k |
| Bank Julius Baer & Co. Ltd, Zurich 0.01% of their portfolio | 63.0k $4.5m | Reduced -14.5k |
| Empowered Funds, LLC 0.05% of their portfolio | 60.3k $4.3m | Added +20.0k |
| Legal & General Group Plc 0.00% of their portfolio | 59.2k $4.2m | Reduced -14.1k |
| WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV 0.76% of their portfolio | 57.6k $4.1m | Unchanged |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 53.9k $3.9m | Reduced -58 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio | 53.3k $3.9m | Added +15.0k |
| CHATHAM CAPITAL GROUP, INC. 0.58% of their portfolio | 53.0k $3.8m | Reduced -245 |
| Advantage Alpha Capital Partners LP 0.96% of their portfolio | 49.5k $3.5m | Reduced -3.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 48.9k $3.5m | Added +7.0k |
| Roundview Capital LLC 0.23% of their portfolio | 47.3k $3.4m | Added +6.9k |
| LPL Financial LLC 0.00% of their portfolio | 46.7k $3.4m | Added +8.6k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 46.3k $3.3m | Added +3.4k |
| CITIGROUP INC 0.00% of their portfolio | 44.1k $3.2m | Added +5.7k |
| GREAT LAKES ADVISORS, LLC 0.03% of their portfolio | 43.3k $3.1m | Added +6.2k |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 42.9k $3.1m | Reduced -62.7k |
| Private Advisor Group, LLC 0.02% of their portfolio | 42.8k $3.1m | Unchanged |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 41.7k $3.0m | Reduced -10.4k |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. 0.14% of their portfolio | 40.4k $2.9m | Unchanged |
| RICE HALL JAMES & ASSOCIATES, LLC 0.15% of their portfolio | 39.2k $2.8m | Reduced -3.3k |
| CIBC WORLD MARKET INC. 0.01% of their portfolio | 35.2k $2.5m | New |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.02% of their portfolio | 34.6k $2.5m | Reduced -696 |
| HighTower Advisors, LLC 0.00% of their portfolio | 31.8k $2.3m | Reduced -7 |
| MetLife Investment Management, LLC 0.01% of their portfolio | 31.2k $2.2m | Added +3.4k |
| Millington Financial Advisors, LLC 1.16% of their portfolio | 30.6k $2.3m | Reduced -770 |
| Taylor Frigon Capital Management LLC 1.14% of their portfolio | 29.8k $2.1m | Reduced -2.1k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 29.5k $2.1m | Added +235 |
| Pathstone Holdings, LLC 0.01% of their portfolio | 29.1k $2.1m | Reduced -3.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 29.0k $2.1m | Added +741 |
| SEI INVESTMENTS CO 0.00% of their portfolio | 27.7k $2.0m | Added +3.6k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 27.0k $1.9m | New |