CIBC Bancorp USA Inc. Acquires Shares of 398,848 Ross Stores, Inc.

The fund bought a significant stake in the apparel retailer during the 3rd quarter.

Mar. 18, 2026 at 9:04am

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CIBC Bancorp USA Inc. bought a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) during the 3rd quarter, according to the company's recent SEC filing. The fund purchased 398,848 shares of the apparel retailer's stock, valued at approximately $60,780,000, making it a major new investor in the company.

Why it matters

This investment by CIBC Bancorp USA Inc. in Ross Stores reflects the fund's confidence in the apparel retailer's growth potential. As an off-price retailer, Ross Stores has been able to capitalize on consumer demand for discounted brand-name merchandise, a trend that has accelerated during the pandemic.

The details

CIBC Bancorp USA Inc. purchased the 398,848 shares of Ross Stores, representing about 0.12% ownership in the company. This was a new position for the fund, which did not previously hold any shares of the apparel retailer. The purchase was made during the 3rd quarter of 2026.

  • CIBC Bancorp USA Inc. bought the shares of Ross Stores during the 3rd quarter of 2026.

The players

CIBC Bancorp USA Inc.

A financial services company that provides banking, wealth management, and investment banking services.

Ross Stores, Inc.

An American off-price retailer that operates the Ross Dress for Less and dd's DISCOUNTS store formats, selling brand-name merchandise at discounted prices.

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The takeaway

This investment by CIBC Bancorp USA Inc. in Ross Stores highlights the continued appeal of off-price retail as consumers seek out discounted brand-name merchandise, even as the broader retail landscape faces challenges. The move underscores Ross Stores' strong positioning in the market.