CIBC Private Wealth Group Reduces Qualcomm Stock Holdings

Institutional investor cuts position in wireless technology company by 0.7%

Mar. 18, 2026 at 9:48am

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CIBC Private Wealth Group LLC, a major institutional investor, reduced its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 0.7% in the third quarter, according to a recent SEC filing. The firm now owns 2,697,229 shares of the wireless technology company's stock, valued at $448,711,000 as of the filing.

Why it matters

Qualcomm is a key player in the wireless technology industry, and changes in major institutional holdings can signal shifts in investor sentiment around the company. This reduction by CIBC Private Wealth Group, while relatively small, could indicate broader market trends or concerns about Qualcomm's performance.

The details

According to the SEC filing, CIBC Private Wealth Group sold 18,183 shares of Qualcomm stock during the third quarter. The firm now holds a 0.8% stake in Qualcomm, making it the 24th largest position in its investment portfolio. Other major investors, including Wellington Management Group, Amundi, and Dimensional Fund Advisors, have also made significant changes to their Qualcomm holdings in recent quarters.

  • CIBC Private Wealth Group filed the SEC disclosure in the third quarter of 2026.

The players

CIBC Private Wealth Group LLC

A major institutional investor and asset management firm.

Qualcomm Incorporated

A global semiconductor and telecommunications equipment company headquartered in San Diego, California.

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The takeaway

The reduction in CIBC Private Wealth Group's Qualcomm holdings, while small, could signal broader market concerns about the company's performance or future prospects. Investors will likely continue to monitor changes in institutional ownership of Qualcomm stock as an indicator of overall sentiment.