CIBC Private Wealth Group Reduces AutoZone Holdings

Institutional investor decreases stake in auto parts retailer by 1.9% in Q3

Mar. 19, 2026 at 8:24am

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CIBC Private Wealth Group LLC lowered its holdings in AutoZone, Inc. (NYSE:AZO) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,886 shares of the company's stock after selling 383 shares during the period.

Why it matters

This filing provides insight into the investment decisions of a major institutional investor and their view on the performance and outlook for AutoZone, a leading auto parts retailer. Tracking changes in institutional ownership can offer clues about market sentiment and future stock price movements.

The details

According to the 13F filing, CIBC Private Wealth Group LLC owned approximately 0.12% of AutoZone as of the end of the 3rd quarter. The firm sold 383 shares during the period, lowering its total position to 19,886 shares. AutoZone's stock price has fluctuated in recent quarters, with the company reporting mixed financial results amid broader economic uncertainty.

  • The 13F filing covers CIBC Private Wealth Group's holdings as of the end of the 3rd quarter of 2026.

The players

CIBC Private Wealth Group LLC

An institutional investment management firm that provides wealth management services.

AutoZone, Inc.

A leading retailer and distributor of automotive replacement parts and accessories, headquartered in Memphis, Tennessee.

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The takeaway

This filing indicates that CIBC Private Wealth Group has reduced its exposure to AutoZone, potentially signaling some caution about the company's near-term prospects among institutional investors. However, AutoZone remains a major player in the auto parts industry, and changes in institutional ownership are just one factor to consider when evaluating the stock.