Investment Advisor Takes New Position in Professional Services Stock, According to Latest SEC Filing On May 6, 2026, GatePass Capital, LLC disclosed a new position in CBIZ (NYSE:CBZ), acquiring 98,163 shares in an estimated $3.46 million trade based on the quarterly average…
ice. What happened According to a Securities and Exchange Commission (SEC) filing dated May 6, 2026, GatePass Capital, LLC initiated a new position in CBIZ, purchasing 98,163 shares
The estimated transaction value was approximately $3.46 million, calculated using the average unadjusted closing price for the first quarter of 2026. The quarter-end value of the position was $2.64 million, reflecting both trading activity and share price movement. What else to know This was a new position for GatePass Capital, LLC, representing 1.23% of its reportable assets under management as of March 31, 2026.
Top five holdings after the filing: – CINF: $15.30 million (7.4% of AUM) – SHV: $7.86 million (3.8% of AUM) – SPY: $7.59 million (3.7% of AUM) – MINT: $7.38 million (3.6% of AUM) – STEW: $7.36 million (3.6% of AUM) As of May 5, 2026, CBIZ shares were priced at $31.30, down 56.5% over the past year, and underperforming the S&P 500 by 85.0 percentage points. Company overview Company snapshot – Offers accounting, tax, financial advisory, valuation, risk consulting, employee benefits, payroll, insurance, and IT consulting services across three primary business segments. – Generates revenue through a diversified service model, providing recurring and project-based solutions to businesses and individuals in financial, insurance, and advisory domains. – Serves small and medium-sized businesses, individuals, governmental entities, and not-for-profit organizations in the United States and Canada. CBIZ is a leading provider of professional services, leveraging a multi-segment platform to deliver financial, insurance, and advisory solutions.