International Business Machines Corporation
MX ˙ BMV ˙ US4592001014
SecurityMX:IBM / International Business Machines Corporation
InstitutionCardinal Capital Management
Latest Disclosed Ownership44,698 shares
Latest Disclosed Value $ 10,834,349
Cardinal Capital Management reports 1.21% increase in ownership of IBM / International Business Machines Corporation

On April 8, 2026 - Cardinal Capital Management filed a 13F-HR form disclosing ownership of 44,698 shares of International Business Machines Corporation (MX:IBM) valued at $10,834,349 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 30, 2026 disclosing 44,165 shares of International Business Machines Corporation. This represents a change in shares of 1.21% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-04-08 2026-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 44,698 533 1.21 10,834 -17.18 1.3968
2026-01-30 2025-12-31 13F INTERNATIONAL BUSINESS MACHS COMMON STOCK 459200101 44,165 -158 -0.36 13,082 4.61 1.7327
2025-10-23 2025-09-30 13F INTERNATIONAL BUSINESS MACHS Common Stock 459200101 44,323 33 0.07 12,506 -4.21 1.7287
2025-07-15 2025-06-30 13F INTERNATIONAL BUSINESS MACHS Common Stock 459200101 44,290 371 0.84 13,056 19.55 1.9161
2025-04-18 2025-03-31 13F INTERNATIONAL BUSINESS MACHS Common Stock 459200101 43,919 -7 -0.02 10,921 13.09 1.6912
2025-01-31 2024-12-31 13F INTERNATIONAL BUSINESS MACHS Common Stock 459200101 43,926 -56 -0.13 9,656 -0.69 1.5143
2024-10-16 2024-09-30 13F INTERNATIONAL BUSINESS MACHS Common Stock 459200101 43,982 170 0.39 9,724 28.32 1.5127
2024-07-12 2024-06-30 13F INTERNATIONAL BUSINESS MACHS Common Stock 459200101 43,812 600 1.39 7,577 -8.17 1.2762
2024-07-12 2024-03-31 13F/A-1 INTERNATIONAL BUSINESS MACHS Common Stock 459200101 43,212 2,775 6.86 8,252 24.77 1.3426
2024-04-15 2024-03-31 13F INTERNATIONAL BUSINESS MACHS Common Stock 459200101 43,212 2,775 8,252 1.3426
2024-07-12 2023-12-31 13F/A-1 INTERNATIONAL BUSINESS MACHS COM 459200101 40,437 -166 -0.41 6,613 16.10 1.2523
2024-01-29 2023-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 40,437 -166 6,613 1.2523
2024-07-12 2023-09-30 13F/A-1 INTERNATIONAL BUSINESS MACHS Common Stock 459200101 40,603 805 2.02 5,697 6.97 1.1596
2023-10-16 2023-09-30 13F INTERNATIONAL BUSINESS MACHS Common Stock 459200101 40,603 805 5,697 1.1596
2024-07-12 2023-06-30 13F/A-1 INTERNATIONAL BUSINESS MACHS Common Stock 459200101 39,798 569 1.45 5,325 3.56 1.0725
2023-07-12 2023-06-30 13F INTERNATIONAL BUSINESS MACHS Common Stock 459200101 39,798 569 5,325 1.0725
2023-04-19 2023-03-31 13F INTERNATIONAL BUSINESS MACHS Common Stock 459200101 39,229 471 1.22 5,143 -5.82 1.0670
2023-01-23 2022-12-31 13F Internat'l Business Mach COM 459200101 38,758 138 0.36 5,461 19.01 1.1623
2022-10-24 2022-09-30 13F Internat'l Business Mach Common Stock 459200101 38,620 690 1.82 4,588 -14.32 1.0859
2022-08-04 2022-06-30 13F Internat'l Business Mach Common Stock 459200101 37,930 629 1.69 5,355 10.41 1.2253
2022-04-21 2022-03-31 13F Internat'l Business Mach Common Stock 459200101 37,301 1,845 5.20 4,850 2.34 0.9811
2022-01-18 2021-12-31 13F Internatl Business Mach Common Stock 459200101 35,456 113 0.32 4,739 -3.48 0.9385
2021-10-21 2021-09-30 13F Internat'l Business Mach Common Stock 459200101 35,343 -605 -1.68 4,910 -6.83 1.0631
2021-07-14 2021-06-30 13F Internat'l Business Mach Common Stock 459200101 35,948 -275 -0.76 5,270 9.18 1.1126
2021-04-19 2021-03-31 13F Internat'l Business Mach Common Stock 459200101 36,223 537 1.50 4,827 7.46 1.0644
2021-02-01 2020-12-31 13F Internat'l Business Mach Common Stock 459200101 35,686 1,533 4.49 4,492 8.11 1.0636
2020-10-16 2020-09-30 13F Internat'l Business Mach Common Stock 459200101 34,153 484 1.44 4,155 2.19 1.1447
2020-07-16 2020-06-30 13F Internatl Business Mach Common Stock 459200101 33,669 392 1.18 4,066 10.16 1.1699
2020-04-20 2020-03-31 13F Internatl Business Mach Common Stock 459200101 33,277 1,844 5.87 3,691 -12.39 1.2191
2020-01-21 2019-12-31 13F Internatl Business Mach Common Stock 459200101 31,433 -444 -1.39 4,213 -9.10 1.0940
2019-10-18 2019-09-30 13F Internatl Business Mach Common Stock 459200101 31,877 31 0.10 4,635 5.53 1.2803
2019-07-08 2019-06-30 13F Internat'l Business Mach Common Stock 459200101 31,846 -159 -0.50 4,392 -2.72 1.2464
2019-04-11 2019-03-31 13F Internatl Business Mach Common Stock 459200101 32,005 718 2.29 4,515 26.97 1.2900
2019-01-15 2018-12-31 13F International Business Mach Common Stock 459200101 31,287 771 2.53 3,556 -22.93 1.1721
2018-10-25 2018-09-30 13F Internat'l Business Mach Common Stock 459200101 30,516 17 0.06 4,614 8.28 1.3056
2018-07-25 2018-06-30 13F Internat'l Business Mach Common Stock 459200101 30,499 129 0.42 4,261 -8.54 1.2899
2018-04-24 2018-03-31 13F Internat'l Business Mach Common Stock 459200101 30,370 552 1.85 4,659 1.84 1.4638
2018-02-01 2017-12-31 13F Internat'l Business Mach Common Stock 459200101 29,818 -1,648 -5.24 4,575 0.22 1.3845
2017-10-24 2017-09-30 13F Internatl Business Mach COM 459200101 31,466 1,436 4.78 4,565 -1.19 1.4411
2017-07-27 2017-06-30 13F Internatl Business Mach Common Stock 459200101 30,030 1,725 6.09 4,620 -6.27 1.5274
2017-04-25 2017-03-31 13F Internat'l Business Mach Common Stock 459200101 28,305 -215 -0.75 4,929 4.12 1.7838
2017-02-17 2016-12-31 13F/A-1 Internat'l Business Mach Common Stock 459200101 28,520 98 0.34 4,734 4.85 1.8027
2017-01-23 2016-12-31 13F Internat'l Business Mach Common Stock 459200101 28,520 4,734
2016-11-02 2016-09-30 13F Internat'l Business Mach Common Stock 459200101 28,422 845 3.06 4,515 7.86 1.7708
2016-07-27 2016-06-30 13F Internat'l Business Mach Common Stock 459200101 27,577 50 0.18 4,186 0.41 1.7018
2016-04-21 2016-03-31 13F Internat'l Business Mach Common Stock 459200101 27,527 1,839 7.16 4,169 17.93 1.7509
2016-01-29 2015-12-31 13F Internat'l Business Mach Common Stock 459200101 25,688 -1,552 -5.70 3,535 -10.48 1.5786
2015-10-23 2015-09-30 13F Internat'l Business Mach Common Stock 459200101 27,240 518 1.94 3,949 -9.16 1.8463
2015-08-03 2015-06-30 13F Internat'l Business Mach Common Stock 459200101 26,722 1,325 5.22 4,347 6.65 1.8986
2015-04-24 2015-03-31 13F Internat'l Business Mach Common Stock 459200101 25,397 25,397 4,076 1.7214
2015-01-28 2014-12-31 13F Internat'l Business Mach Common Stock 459200101 0 -26,032 -100.00 0 -100.00
2014-10-24 2014-09-30 13F Internat'l Business Mach Common Stock 459200101 26,032 284 1.10 4,942 5.89 2.3507
2014-07-22 2014-06-30 13F Internat'l Business Mach Common Stock 459200101 25,748 -20 -0.08 4,667 -5.91 2.3143
2014-04-25 2014-03-31 13F Internat'l Business Mach Common Stock 459200101 25,768 -1,117 -4.15 4,960 -1.65 2.5518
2014-01-24 2013-12-31 13F Internat'l Business Mach Common Stock 459200101 26,885 262 0.98 5,043 2.29 2.5847
2013-10-28 2013-09-30 13F Internat'l Business Mach Common Stock 459200101 26,623 334 1.27 4,930 -1.87 2.7986
2013-07-24 2013-06-30 13F Internat'l Business Mach Common Stock 459200101 26,289 26,289 5,024 2.9737
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.