Durable Capital discloses 3.0% CBIZ (CBZ) passive ownership stake

Rhea-AI Filing Summary

Durable Capital Partners has filed an amended Schedule 13G reporting a passive ownership stake in CBIZ, Inc. common stock. The firm is deemed to beneficially own 1,631,969 shares, representing 3.0% of the outstanding stock, based on 54,401,424 shares outstanding as of October 24, 2025.

The shares are held directly by Durable Capital Master Fund LP, while Durable Capital Partners, as investment adviser, has sole power to vote and dispose of them. The filing states the position is held in the ordinary course of business and not for the purpose of changing or influencing control of CBIZ.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

CBIZ, Inc.

(Name of Issuer)

Common Stock, $0.01 par value

(Title of Class of Securities)

124805102

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 124805102

1

Names of Reporting Persons

Durable Capital Partners LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,631,969.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,631,969.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,631,969.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.0 %

12

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: CBIZ, Inc.
(b)	Address of issuer's principal executive offices: 5959 Rockside Woods Blvd. N. Suite 600, Independence, Ohio 44131
Item 2.
(a)	Name of person filing: Durable Capital Partners LP
(b)	Address or principal business office or, if none, residence: 4747 Bethesda Avenue, Suite 1002, Bethesda, Maryland 20814
(c)	Citizenship: The Reporting Person is a limited partnership organized under the laws of the State of Delaware.
(d)	Title of class of securities: Common Stock, $0.01 par value
(e)	CUSIP No.: 124805102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information required by this item with respect to the Reporting Person is set forth in Rows 5 through 9 and 11 of the cover page to this Schedule 13G. The ownership percentages reported are based on 54,401,424 outstanding Common Stock, $0.01 par value (the "Shares") as of October 24, 2025, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on October 30, 2025. Durable Capital Master Fund LP directly holds 1,631,969 Shares. The Reporting Person, as the investment adviser to Durable Capital Master Fund LP, has sole power to direct the vote and disposition of the Shares. Durable Capital Partners GP LLC ("Durable GP") is the general partner of the Reporting Person, and Henry Ellenbogen is the chief investment officer of the Reporting Person and the managing member of Durable GP.
(b)	Percent of class: 3.0 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1631969
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1631969
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. See disclosure of relationships among parties under Item 4. The economic benefits of the Shares are shared based on agreements among the parties.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See control and Shares holding disclosure in Item 4.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Durable Capital Partners LP

Signature:	/s/ Julie Jack
Name/Title:	Julie Jack, Authorized Person
Date:	02/17/2026

FAQ

What percentage of CBIZ (CBZ) does Durable Capital Partners report owning?

Durable Capital Partners reports beneficial ownership of 3.0% of CBIZ’s common stock. This is based on 1,631,969 shares compared with 54,401,424 shares outstanding as of October 24, 2025, as disclosed in the company’s Form 10-Q.

How many CBIZ (CBZ) shares does Durable Capital Partners beneficially own?

Durable Capital Partners reports beneficial ownership of 1,631,969 CBIZ common shares. These shares are directly held by Durable Capital Master Fund LP, with Durable Capital Partners having sole voting and dispositive power over them as investment adviser to the fund.

Is Durable Capital Partners’ CBIZ (CBZ) stake a passive investment?

Yes, the filing certifies the CBIZ stake is held in the ordinary course of business and not for changing or influencing control. The Schedule 13G language confirms the securities are not held in connection with any transaction intended to affect control of the issuer.

What type of investor is Durable Capital Partners in relation to CBIZ (CBZ)?

Durable Capital Partners is identified as an investment adviser filing a Schedule 13G. The firm has sole power to vote and dispose of the 1,631,969 CBIZ shares held by Durable Capital Master Fund LP, reflecting a professional asset-management role.

Why is CBIZ (CBZ) included in this Schedule 13G/A filing?

CBIZ is included because Durable Capital Partners crossed a reportable ownership threshold and must disclose its 3.0% beneficial stake. The date of the reportable event is December 31, 2025, with share counts and percentage calculated using CBIZ’s October 24, 2025 outstanding shares.

Who ultimately controls voting and disposition of the CBIZ (CBZ) shares reported?

Durable Capital Partners, as investment adviser to Durable Capital Master Fund LP, has sole voting and dispositive power over the 1,631,969 CBIZ shares. The filing notes relationships involving Durable Capital Partners GP LLC and Henry Ellenbogen in overseeing this authority.