CIBC Private Wealth Group LLC

The "Unknown" sector allocation ($2.77B) and the presence of several ETFs suggest a portion of the assets is invested in structured products, international securities (via ADRs not categorized by GICS sectors in the summary), or passive index vehicles to achieve beta exposure. The management style appears to be a blend of active large-cap stock picking and core indexing.

Key Holdings

The portfolio is anchored by a "Magnificent Seven" heavy weighting, with Microsoft (MSFT) leading as the largest position at $3.42 billion (5.85% of the portfolio). This is followed closely by Apple (AAPL) at $2.72 billion (4.66%), Amazon (AMZN) at $2.32 billion (3.97%), and NVIDIA (NVDA) at $2.27 billion (3.89%). Collectively, the top four holdings account for nearly 18.4% of the total assets, signaling a strong conviction in the US technology sector's growth trajectory.