The fund manager sold all 614,524 CBIZ shares in Q1 2026, reflecting a $31.52 million net position decline.
Premier Fund Managers Ltd liquidated its entire 614,524-share stake in CBIZ during the first quarter of 2026, generating approximately $21.68 million based on the quarter’s average closing price. The move resulted in a $31.52 million reduction in the fund’s net position, accounting for both share sales and price movements.
CBIZ shares closed at $28.55 on May 13, 2026, down 60% over the past year, significantly underperforming the S&P 500, which gained 28% in the same period. The fund’s top holdings post-exit include positions in SCI, V, WCN, STE, and USFD, ranging from $27.50 million to $44.50 million.
The sale follows CBIZ’s ongoing struggles in a competitive professional services market, targeting small and medium-sized businesses, governmental entities, and non-profits.