CIBC Private Wealth Group Trims McDonald's Stake

Hedge fund reduces position in fast-food giant by 1.1% in Q3

Mar. 19, 2026 at 8:24am

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CIBC Private Wealth Group LLC, a major investment management firm, reduced its stake in McDonald's Corporation (NYSE: MCD) by 1.1% during the third quarter of 2026, according to a recent 13F filing with the SEC. The firm now owns approximately 1.13 million shares of the fast-food giant, valued at around $342.8 million.

Why it matters

This transaction provides insight into the investment strategies of large institutional investors like CIBC Private Wealth Group. Tracking changes in ownership of prominent stocks can offer clues about market sentiment and the perceived outlook for companies like McDonald's.

The details

CIBC Private Wealth Group sold 12,640 shares of McDonald's stock during the third quarter, reducing its total position to 1,127,903 shares. The firm now owns approximately 0.16% of McDonald's outstanding shares. The sale comes as McDonald's stock has seen volatility in recent months, with shares trading between $283.47 and $341.75 over the past 52 weeks.

  • CIBC Private Wealth Group filed its 13F report for the third quarter of 2026 on March 19, 2026.

The players

CIBC Private Wealth Group LLC

A major investment management firm that owns a sizable stake in McDonald's Corporation.

McDonald's Corporation

A global fast-food restaurant chain known for its hamburgers, French fries, and breakfast offerings.

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The takeaway

The reduction in CIBC Private Wealth Group's McDonald's position, while relatively small, could signal some uncertainty about the fast-food giant's near-term prospects among institutional investors. However, McDonald's remains a core holding for many large funds, underscoring its status as a blue-chip consumer stock.