CIBC Private Wealth Group Reduces HealthEquity Stake

Investment firm cuts holdings in health savings account administrator by over 80%

Mar. 20, 2026 at 8:03am

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CIBC Private Wealth Group LLC has decreased its position in shares of HealthEquity, Inc. (NASDAQ:HQY) by 81.1% in the third quarter, according to a recent SEC filing. The firm now owns 213,406 shares of the company's stock, down from over 1 million shares previously.

Why it matters

HealthEquity is a leading administrator of consumer-directed health accounts like health savings accounts (HSAs). The significant reduction in CIBC Private Wealth Group's stake could signal a shift in investor sentiment around the company and the broader HSA market.

The details

According to the 13F filing, CIBC Private Wealth Group sold 913,648 shares of HealthEquity during the third quarter, leaving it with a remaining position of 213,406 shares worth $20.2 million. The firm previously owned over 1.1 million shares of the company.

  • CIBC Private Wealth Group filed the 13F disclosure for the third quarter of 2026.

The players

CIBC Private Wealth Group LLC

A Canadian investment management firm that provides private wealth services.

HealthEquity, Inc.

A leading administrator of consumer-directed health accounts and related benefit solutions in the United States.

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The takeaway

The significant reduction in CIBC Private Wealth Group's HealthEquity stake could signal broader investor uncertainty around the company and the HSA market, which will be important to monitor going forward.