International Business Machines Corporation
MX ˙ BMV ˙ US4592001014
SecurityMX:IBM / International Business Machines Corporation
InstitutionCwm, Llc
Latest Disclosed Ownership311,283 shares
Latest Disclosed Value $ 75,451,943
Cwm, Llc reports 41.13% increase in ownership of IBM / International Business Machines Corporation

On May 14, 2026 - Cwm, Llc filed a 13F-HR form disclosing ownership of 311,283 shares of International Business Machines Corporation (MX:IBM) valued at $75,451,943 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 220,569 shares of International Business Machines Corporation. This represents a change in shares of 41.13% 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)
2026-05-14 2026-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 311,283 90,714 41.13 75,452 115,978.46 0.1962
2026-01-26 2025-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 220,569 72,520 48.98 65 58.54 0.1770
2025-10-15 2025-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 148,049 25,426 20.74 42 13.89 0.1256
2025-07-25 2025-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 122,623 3,537 2.97 36 24.14 0.1275
2025-05-01 2025-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 119,086 -18,764 -13.61 30 -3.33 0.1181
2025-02-04 2024-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 137,850 11,196 8.84 30 7.14 0.1258
2024-10-08 2024-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 126,654 6,712 5.60 28 40.00 0.1204
2024-07-10 2024-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 119,942 6,418 5.65 21 -4.76 0.0978
2024-04-05 2024-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 113,524 3,019 2.73 22 16.67 0.1054
2024-02-01 2023-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 110,505 13,242 13.61 18 38.46 0.0972
2023-10-11 2023-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 97,263 8,690 9.81 14 18.18 0.0836
2023-08-03 2023-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 88,573 25,411 40.23 12 37.50 0.0732
2023-05-01 2023-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 63,162 517 0.83 8 0.00 0.0559
2023-02-01 2022-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 62,645 3,015 5.06 9 -99.89 0.0650
2022-10-27 2022-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 59,630 2,600 4.56 7,085 -12.01 0.0563
2022-07-28 2022-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 57,030 4,637 8.85 8,052 18.20 0.0624
2022-04-21 2022-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 52,393 1,535 3.02 6,812 0.21 0.0483
2022-01-31 2021-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 50,858 37,245 273.60 6,798 240.58 0.0479
2021-09-15 2021-06-30 13F/A-1 INTERNATIONAL BUSINESS MACHS COM 459200101 13,613 0 0.00 1,996 0.00 0.0159
2021-07-29 2021-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 13,613 0 1,996 0.0159
2021-09-15 2021-03-31 13F/A-1 INTERNATIONAL BUSINESS MACHS COM 459200101 13,613 0 0.00 1,996 0.00 0.0159
2021-04-27 2021-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 13,679 66 1,823 0.0160
2021-09-15 2020-12-31 13F/A-1 INTERNATIONAL BUSINESS MACHS COM 459200101 13,613 0 0.00 1,996 0.00 0.0159
2021-01-27 2020-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 11,892 -1,721 1,497 0.0140
2021-09-15 2020-09-30 13F/A-1 INTERNATIONAL BUSINESS MACHS COM 459200101 13,613 0 0.00 1,996 0.00 0.0159
2020-10-19 2020-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 9,578 -4,035 1,165 0.0130
2021-09-15 2020-06-30 13F/A-1 INTERNATIONAL BUSINESS MACHS COM 459200101 13,613 0 0.00 1,996 0.00 0.0159
2020-07-22 2020-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 8,710 -4,903 1,052 0.0125
2021-09-15 2020-03-31 13F/A-1 INTERNATIONAL BUSINESS MACHS COM 459200101 13,613 0 0.00 1,996 0.00 0.0159
2020-04-28 2020-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 9,014 -4,599 1,000 0.0149
2021-09-14 2019-12-31 13F/A-1 INTERNATIONAL BUSINESS MACHS COM 459200101 13,613 0 0.00 1,996 0.00 0.0159
2020-01-27 2019-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 9,574 -4,039 1,283 0.0164
2021-09-14 2019-09-30 13F/A-1 INTERNATIONAL BUSINESS MACHS COM 459200101 13,613 0 0.00 1,996 0.00 0.0159
2019-10-22 2019-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 11,214 -2,399 1,631 0.0237
2021-09-14 2019-06-30 13F/A-1 INTERNATIONAL BUSINESS MACHS COM 459200101 13,613 0 0.00 1,996 0.00 0.0159
2019-07-31 2019-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 11,009 -2,604 1,518 0.0251
2021-09-02 2019-03-31 13F/A-1 INTERNATIONAL BUSINESS MACHS COM 459200101 13,613 5,271 63.19 1,996 110.55 0.0159
2019-04-22 2019-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 10,782 2,440 1,521 0.0305
2019-01-25 2018-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 8,342 -93 -1.10 948 -25.65 0.0237
2018-10-29 2018-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 8,435 2,807 49.88 1,275 62.21 0.0325
2018-07-31 2018-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 5,628 695 14.09 786 3.83 0.0259
2018-04-26 2018-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,933 -192 -3.75 757 -3.69 0.0301
2018-01-16 2017-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 5,125 -524 -9.28 786 -4.15 0.0349
2017-10-16 2017-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 5,649 -117,371 -95.41 820 -95.67 0.0388
2017-07-17 2017-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 123,020 4,633 3.91 18,924 -8.21 0.9698
2017-04-17 2017-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 118,387 19,829 20.12 20,616 26.01 1.1657
2017-01-19 2016-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 98,558 96,219 4,113.68 16,360 4,297.85 1.0027
2016-10-17 2016-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,339 95 4.23 372 9.09 0.0257
2016-07-21 2016-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,244 -351 -13.53 341 -13.23 0.0249
2016-04-18 2016-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,595 -78,005 -96.78 393 -96.46 0.0345
2016-02-01 2015-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 80,600 8,872 12.37 11,092 6.67 1.0838
2015-10-30 2015-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 71,728 10,949 18.01 10,398 5.18 1.0468
2015-07-09 2015-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 60,779 29,528 94.49 9,886 97.09 0.9485
2015-04-30 2015-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 31,251 9,523 43.83 5,016 43.89 0.5079
2015-02-12 2014-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 21,728 -14,478 -39.99 3,486 -49.28 0.4231
2014-11-14 2014-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 36,206 31,510 671.00 6,873 707.64 0.9980
2014-08-14 2014-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 4,696 1,661 54.73 851 45.72 0.1523
2014-05-16 2014-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 3,035 -97 -3.10 584 -0.51 0.0796
2014-02-14 2013-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 3,132 850 37.25 587 38.77 0.0916
2013-11-14 2013-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,282 2,282 423 0.1110
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.