Managers / Q3 2025
CIBC Capital Markets (Europe) S.A.
CIK 0002045104 · 2C RUE ALBERT BORSCHETTE, LUXEMBOURG, N4, L-1246 · 35227004000
Summary
Cibc Capital Markets (Europe) S.A. reported $573M in U.S.-listed holdings across 10 positions for Q3 2025.
The portfolio is heavily concentrated: BRK/B alone accounts for 23.0% of reported value.
The book was largely unchanged from Q2 2025.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 100.0% · $573M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| BRK/BBERKSHIRE HATHAWAY INC DEL | ADDED | +210.0K | 262.6K | +$106M | $132M |
| AMZNAMAZON COM INC | ADDED | +434.0K | 555.1K | +$95M | $122M |
| NFLXNETFLIX INC | ADDED | +42.0K | 66.5K | +$47M | $80M |
| AMDADVANCED MICRO DEVICES INC | ADDED | +278.0K | 467.9K | +$49M | $76M |
| TSLATESLA INC | HELD | +0 | 81.8K | +$10M | $36M |
| NVDANVIDIA CORPORATION | HELD | +0 | 176.2K | +$5M | $33M |
| ISRGINTUITIVE SURGICAL INC | HELD | +0 | 48.3K | −$5M | $22M |
| NOWSERVICENOW INC | HELD | +0 | 25.5K | −$3M | $23M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | BRK/BBERKSHIRE HATHAWAY INC DELhistory → | CL B NEW | 23.03% | $132M | 262.6K |
| 2 | AMZNAMAZON COM INChistory → | COM | 21.26% | $122M | 555.1K |
| 3 | NFLXNETFLIX INChistory → | COM | 13.91% | $80M | 66.5K |
| 4 | AMDADVANCED MICRO DEVICES INChistory → | COM | 13.20% | $76M | 467.9K |
| 5 | TSLATESLA INChistory → | COM | 6.34% | $36M | 81.8K |
| 6 | NVDANVIDIA CORPORATIONhistory → | COM | 5.73% | $33M | 176.2K |
| 7 | UBERUBER TECHNOLOGIES INChistory → | COM | 5.08% | $29M | 297.0K |
| 8 | NOWSERVICENOW INChistory → | COM | 4.09% | $23M | 25.5K |
| 9 | ISRGINTUITIVE SURGICAL INChistory → | COM NEW | 3.76% | $22M | 48.3K |
| 10 | ADBEADOBE INChistory → | COM | 3.60% | $21M | 58.4K |
Filing History
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.