Bank of Montreal and its affiliates report beneficial ownership of 13.38% of Canadian Imperial Bank of Commerce common shares as of December 31, 2025. This Schedule 13G/A lists multiple BMO entities, including Bank of Montreal with 49,381,972 shares (5.31% of the class) and BMO Asset Management Inc. with 19,038,922 shares (2.05%). The filing details each entity’s sole and shared voting and dispositive powers over the shares. The group certifies that the holdings were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of CIBC.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
CANADIAN IMPERIAL BANK OF COMMERCE /CAN/
(Name of Issuer)
Common Shares
(Title of Class of Securities)
136069101
(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.
136069101
1
Names of Reporting Persons
Bank of Montreal
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
CANADA (FEDERAL LEVEL)
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
49,064,632.00
6
Shared Voting Power
152,851.00
7
Sole Dispositive Power
49,229,121.00
8
Shared Dispositive Power
152,851.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
49,381,972.00
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)
5.31 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
CUSIP No.
136069101
1
Names of Reporting Persons
BANK OF MONTREAL HOLDING INC.
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
CANADA (FEDERAL LEVEL)
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
32,512,200.00
6
Shared Voting Power
152,851.00
7
Sole Dispositive Power
32,582,268.00
8
Shared Dispositive Power
152,851.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
32,735,119.00
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)
3.52 %
12
Type of Reporting Person (See Instructions)
BK
SCHEDULE 13G
CUSIP No.
136069101
1
Names of Reporting Persons
BMO NESBITT BURNS INC. WEALTH MANAGEMENT
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
CANADA (FEDERAL LEVEL)
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
25,273,652.00
6
Shared Voting Power
151,001.00
7
Sole Dispositive Power
25,343,720.00
8
Shared Dispositive Power
151,001.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
25,494,721.00
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)
2.74 %
12
Type of Reporting Person (See Instructions)
BD
SCHEDULE 13G
CUSIP No.
136069101
1
Names of Reporting Persons
BMO NESBITT BURNS SECURITIES LTD.
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
CANADA (FEDERAL LEVEL)
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
70,068.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
70,068.00
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)
0 %
12
Type of Reporting Person (See Instructions)
BD
SCHEDULE 13G
CUSIP No.
136069101
1
Names of Reporting Persons
BMO PRIVATE INVESTMENT COUNSEL INC.
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
CANADA (FEDERAL LEVEL)
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
773,897.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
773,897.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
773,897.00
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)
0.08 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP No.
136069101
1
Names of Reporting Persons
BMO ASSET MANAGEMENT INC.
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
ONTARIO, CANADA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
19,038,922.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
19,038,922.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
19,038,922.00
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)
2.05 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP No.
136069101
1
Names of Reporting Persons
BMO NESBITT BURNS INC.
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
CANADA (FEDERAL LEVEL)
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
7,238,548.00
6
Shared Voting Power
1,850.00
7
Sole Dispositive Power
7,238,548.00
8
Shared Dispositive Power
1,850.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
7,240,398.00
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)
0.62 %
12
Type of Reporting Person (See Instructions)
BD
SCHEDULE 13G
CUSIP No.
136069101
1
Names of Reporting Persons
BMO FINANCIAL CORP.
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
16,551.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
20,999.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
20,999.00
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)
0 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
CUSIP No.
136069101
1
Names of Reporting Persons
BMO BANK N.A.
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
ILLINOIS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
16,551.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
16,646.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
16,646.00
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)
0 %
12
Type of Reporting Person (See Instructions)
BK
SCHEDULE 13G
CUSIP No.
136069101
1
Names of Reporting Persons
BMO FAMILY OFFICE, LLC
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
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
4,353.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,353.00
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)
0 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
CANADIAN IMPERIAL BANK OF COMMERCE /CAN/
(b)
Address of issuer's principal executive offices:
81 BAY STREET, CIBC SQUARE, TORONTO, ONTARIO, CANADA
M5J 0E7
Item 2.
(a)
Name of person filing:
Bank of Montreal
BANK OF MONTREAL HOLDING INC.
BMO NESBITT BURNS INC. WEALTH MANAGEMENT
BMO NESBITT BURNS SECURITIES LTD.
BMO PRIVATE INVESTMENT COUNSEL INC.
BMO ASSET MANAGEMENT INC.
BMO NESBITT BURNS INC.
BMO FINANCIAL CORP.
BMO BANK N.A.
BMO FAMILY OFFICE, LLC
(b)
Address or principal business office or, if none, residence:
1 First Canadian Place
Toronto, Ontario, Canada
M5X1A1
(c)
Citizenship:
Bank of Montreal - CANADA (FEDERAL LEVEL)
BANK OF MONTREAL HOLDING INC. - CANADA (FEDERAL LEVEL)
BMO NESBITT BURNS INC. WEALTH MANAGEMENT - CANADA (FEDERAL LEVEL)
BMO NESBITT BURNS SECURITIES LTD. - CANADA (FEDERAL LEVEL)
BMO PRIVATE INVESTMENT COUNSEL INC. - CANADA (FEDERAL LEVEL)
BMO ASSET MANAGEMENT INC. - ONTARIO, CANADA
BMO NESBITT BURNS INC. - CANADA (FEDERAL LEVEL)
BMO FINANCIAL CORP. - DELAWARE
BMO BANK N.A. - ILLINOIS
BMO FAMILY OFFICE, LLC - DELAWARE
(d)
Title of class of securities:
Common Shares
(e)
CUSIP No.:
136069101
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:
0
(b)
Percent of class:
13.38 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Bank of Montreal - 49,064,632
BANK OF MONTREAL HOLDING INC. - 32,512,200
BMO NESBITT BURNS INC. WEALTH MANAGEMENT - 25,273,652
BMO NESBITT BURNS SECURITIES LTD. - 0
BMO PRIVATE INVESTMENT COUNSEL INC. - 773,897
BMO ASSET MANAGEMENT INC. - 19,038,922
BMO NESBITT BURNS INC. - 7,238,548
BMO FINANCIAL CORP. - 16,551
BMO BANK N.A. - 16,551
BMO FAMILY OFFICE, LLC - 0
(ii) Shared power to vote or to direct the vote:
Bank of Montreal - 152,851
BANK OF MONTREAL HOLDING INC. - 152,851
BMO NESBITT BURNS INC. WEALTH MANAGEMENT - 151,001
BMO NESBITT BURNS SECURITIES LTD. - 0
BMO PRIVATE INVESTMENT COUNSEL INC. - 0
BMO ASSET MANAGEMENT INC. - 0
BMO NESBITT BURNS INC. - 1,850
BMO FINANCIAL CORP. - 0
BMO BANK N.A. - 0
BMO FAMILY OFFICE, LLC - 0
(iii) Sole power to dispose or to direct the disposition of:
Bank of Montreal - 49,229,121
BANK OF MONTREAL HOLDING INC. - 32,582,268
BMO NESBITT BURNS INC. WEALTH MANAGEMENT - 25,343,720
BMO NESBITT BURNS SECURITIES LTD. - 70,068
BMO PRIVATE INVESTMENT COUNSEL INC. - 773,897
BMO ASSET MANAGEMENT INC. - 19,038,922
BMO NESBITT BURNS INC. - 7,238,548
BMO FINANCIAL CORP. - 20,999
BMO BANK N.A. - 16,646
BMO FAMILY OFFICE, LLC - 4,353
(iv) Shared power to dispose or to direct the disposition of:
Bank of Montreal - 152,851
BANK OF MONTREAL HOLDING INC. - 152,851
BMO NESBITT BURNS INC. WEALTH MANAGEMENT - 151,001
BMO NESBITT BURNS SECURITIES LTD. - 0
BMO PRIVATE INVESTMENT COUNSEL INC. - 0
BMO ASSET MANAGEMENT INC. - 0
BMO NESBITT BURNS INC. - 1,850
BMO FINANCIAL CORP. - 0
BMO BANK N.A. - 0
BMO FAMILY OFFICE, LLC - 0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
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 Documents.
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
Each reporting person may be deemed to be a member of a group with respect to the issuer or securities of the issuer for the purposes of Section 13(d) or 13(g) of the Act. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act) with any other person as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the issuer or otherwise with respect to the issuer or any securities of the issuer or (ii) a member of any syndicate or group with respect to the issuer or any securities of the issuer.
Item 9.
Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
Each reporting person may be deemed to be a member of a group with respect to the issuer or securities of the issuer for the purposes of Section 13(d) or 13(g) of the Act. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act) with any other person as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the issuer or otherwise with respect to the issuer or any securities of the issuer or (ii) a member of any syndicate or group with respect to the issuer or any securities of the issuer.
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.
What ownership stake does Bank of Montreal report in CIBC (CM)?
Bank of Montreal and its affiliates report beneficial ownership of 13.38% of Canadian Imperial Bank of Commerce common shares. This reflects combined positions across several BMO entities, each with specified voting and dispositive powers over the CIBC shares they manage.
How many CIBC shares does Bank of Montreal itself beneficially own?
Bank of Montreal reports an aggregate beneficial ownership of 49,381,972 CIBC common shares, representing 5.31% of the class. The filing also breaks out 49,064,632 shares with sole voting power and 49,229,121 shares with sole dispositive power for Bank of Montreal.
Which BMO affiliate holds a significant portion of CIBC (CM) shares?
Among affiliates, BMO Asset Management Inc. holds a notable stake, reporting 19,038,922 CIBC common shares, or 2.05% of the class. Other units such as BMO Nesbitt Burns Inc. Wealth Management and BMO Nesbitt Burns Inc. also report sizeable, but smaller, positions.
Are BMO’s CIBC (CM) holdings intended to influence control of the bank?
The filing states the CIBC securities were acquired and are held in the ordinary course of business. It explicitly certifies they were not acquired and are not held to change or influence control of Canadian Imperial Bank of Commerce.
Which BMO entities are included in this CIBC Schedule 13G/A filing?
The filing covers Bank of Montreal and multiple affiliates, including Bank of Montreal Holding Inc., BMO Nesbitt Burns entities, BMO Private Investment Counsel Inc., BMO Asset Management Inc., BMO Financial Corp., BMO Bank N.A., and BMO Family Office, LLC, each with specified holdings.
What type of filing is this for CIBC (CM) and what does it indicate?
This is an amended Schedule 13G, a beneficial ownership report for large shareholders. It indicates that Bank of Montreal and related entities collectively hold 13.38% of CIBC’s common shares, with detailed disclosure of voting and dispositive powers by each reporting entity.
