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Institutional Ownership · SEC Form 13F

Who owns CDW (CDW)


Which tracked institutional funds hold CDW, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See CDW company fundamentals →

Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.

748
Institutional holders
124,412,642
Shares held (tracked funds)
96.1%
Of shares outstanding

How the tape is positioned

136 tracked funds added or opened CDW while 264 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.

A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.

Conviction spread

CDW’s largest tracked holder by dollar value, VANGUARD GROUP INC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes CDW more heavily than its largest holder by dollar value does.

Book-share is each fund’s reported value in CDW divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.

Institutional & insider positioning

Between 2025-Q4 and 2026-Q1, across 748 tracked filers holding CDW, 393 increased or opened the position and 422 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.

This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.

New buyers & exits

Funds opening or closing a position in CDW between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.

New buyers 44

  • VANGUARD CAPITAL MANAGEMENT LLC$1.0B
  • VANGUARD PORTFOLIO MANAGEMENT LLC$990M
  • HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC$245M
  • PZENA INVESTMENT MANAGEMENT LLC$135M
  • VANGUARD FIDUCIARY TRUST CO$89M
  • Vanguard Global Advisers, LLC$35M

Full exits 74

  • VANGUARD GROUP INC$2.4B
  • Perpetual Ltd$148M
  • Black Creek Investment Management Inc.$91M
  • Standard Investments LLC$86M
  • HRT FINANCIAL LP$60M
  • TWO SIGMA ADVISERS, LP$32M

Largest adds

  • VICTORY CAPITAL MANAGEMENT INC$225M
  • AQR CAPITAL MANAGEMENT LLC$111M
  • MORGAN STANLEY$89M
  • JONES FINANCIAL COMPANIES LLLP$84M
  • FMR LLC$75M
  • CITADEL ADVISORS LLC$52M

Largest trims

  • BlackRock, Inc.$299M
  • NOMURA ASSET MANAGEMENT INTERNATIONAL INC.$194M
  • Select Equity Group, L.P.$165M
  • BESSEMER GROUP INC$140M
  • FIL Ltd$131M
  • Mawer Investment Management Ltd.$116M

Institutional holders

One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).

FundSharesReported value% of valueQuarter
BlackRock, Inc. trimmed12,889,633$1.6B9.1%2026-Q1
VANGUARD CAPITAL MANAGEMENT LLC new8,420,409$1.0B5.9%2026-Q1
VANGUARD PORTFOLIO MANAGEMENT LLC new8,183,342$990M5.8%2026-Q1
STATE STREET CORP trimmed5,731,195$694M4.0%2026-Q1
HARRIS ASSOCIATES L P added5,383,062$651M3.8%2026-Q1
Boston Partners added3,935,998$476M2.8%2026-Q1
GEODE CAPITAL MANAGEMENT, LLC added3,788,975$459M2.7%2026-Q1
JPMORGAN CHASE & CO added3,206,747$380M2.2%2026-Q1
MORGAN STANLEY added2,996,646$363M2.1%2026-Q1
Invesco Ltd. added2,628,328$318M1.9%2026-Q1
Allspring Global Investments Holdings, LLC added2,538,130$308M1.8%2026-Q1
Longview Partners (Guernsey) LTD trimmed2,302,486$279M1.6%2026-Q1
JANUS HENDERSON GROUP PLC trimmed2,125,605$257M1.5%2026-Q1
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC new2,027,480$245M1.4%2026-Q1
VICTORY CAPITAL MANAGEMENT INC added2,000,699$242M1.4%2026-Q1
CITADEL ADVISORS LLC added1,572,738$190M1.1%2026-Q1
PRICE T ROWE ASSOCIATES INC /MD/ trimmed1,511,577$183M1.1%2026-Q1
FIDUCIARY MANAGEMENT INC /WI/ added1,443,309$175M1.0%2026-Q1
FIL Ltd trimmed1,427,243$173M1.0%2026-Q1
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added1,309,742$159M0.9%2026-Q1
BANK OF AMERICA CORP /DE/ added1,259,204$152M0.9%2026-Q1
NORTHERN TRUST CORP trimmed1,257,249$152M0.9%2026-Q1
FMR LLC added1,241,468$150M0.9%2026-Q1
DIMENSIONAL FUND ADVISORS LP trimmed1,228,241$149M0.9%2026-Q1
Select Equity Group, L.P. trimmed1,195,763$145M0.8%2026-Q1
AQR CAPITAL MANAGEMENT LLC added1,153,214$138M0.8%2026-Q1
PZENA INVESTMENT MANAGEMENT LLC new1,115,535$135M0.8%2026-Q1
Madison Asset Management, LLC trimmed1,105,086$134M0.8%2026-Q1
Mawer Investment Management Ltd. trimmed1,051,495$127M0.7%2026-Q1
TWO SIGMA INVESTMENTS, LP added1,018,674$123M0.7%2026-Q1
GOLDMAN SACHS GROUP INC added1,001,506$121M0.7%2026-Q1
NORGES BANK trimmed687,043$110M0.6%2026-Q1
Fenimore Asset Management Inc trimmed891,067$108M0.6%2026-Q1
CHARLES SCHWAB INVESTMENT MANAGEMENT INC added890,370$108M0.6%2026-Q1
Legal & General Group Plc added879,651$106M0.6%2026-Q1
DEUTSCHE BANK AG\ added868,906$105M0.6%2026-Q1
Mondrian Investment Partners LTD trimmed779,177$94M0.5%2026-Q1
HSBC HOLDINGS PLC added778,630$94M0.5%2026-Q1
NEUBERGER BERMAN GROUP LLC trimmed765,455$93M0.5%2026-Q1
NATIXIS ADVISORS, LLC added757,229$92M0.5%2026-Q1
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed751,620$91M0.5%2026-Q1
VANGUARD FIDUCIARY TRUST CO new733,749$89M0.5%2026-Q1
JONES FINANCIAL COMPANIES LLLP added712,620$84M0.5%2026-Q1
Qube Research & Technologies Ltd added643,301$78M0.5%2026-Q1
Alyeska Investment Group, L.P. added624,435$76M0.4%2026-Q1
Bank of New York Mellon Corp trimmed606,592$73M0.4%2026-Q1
ROYAL BANK OF CANADA added588,334$71M0.4%2026-Q1
AMERICAN CENTURY COMPANIES INC trimmed557,722$67M0.4%2026-Q1
Amundi trimmed529,727$64M0.4%2026-Q1
VOLORIDGE INVESTMENT MANAGEMENT, LLC added525,298$64M0.4%2026-Q1
RENAISSANCE TECHNOLOGIES LLC added522,998$63M0.4%2026-Q1
WELLS FARGO & COMPANY/MN added477,266$58M0.3%2026-Q1
D. E. Shaw & Co., Inc. trimmed458,155$55M0.3%2026-Q1
WELLINGTON MANAGEMENT GROUP LLP trimmed440,261$53M0.3%2026-Q1
Swedbank AB added431,282$52M0.3%2026-Q1
L1 Capital International Pty Ltd added410,954$50M0.3%2026-Q1
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. trimmed402,027$49M0.3%2026-Q1
RAYMOND JAMES FINANCIAL INC added399,209$48M0.3%2026-Q1
ENVESTNET ASSET MANAGEMENT INC added396,339$48M0.3%2026-Q1
UBS Group AG added391,004$47M0.3%2026-Q1
Swiss National Bank added382,000$46M0.3%2026-Q1
ALLIANCEBERNSTEIN L.P. trimmed338,877$46M0.3%2026-Q1
Nuveen, LLC added337,369$41M0.2%2026-Q1
Findlay Park Partners LLP trimmed336,426$41M0.2%2026-Q1
Sumitomo Mitsui Trust Group, Inc. trimmed321,762$39M0.2%2026-Q1
Mitsubishi UFJ Asset Management Co., Ltd. added298,201$36M0.2%2026-Q1
Quantinno Capital Management LP added298,010$36M0.2%2026-Q1
BARCLAYS PLC added288,910$35M0.2%2026-Q1
Artisan Partners Limited Partnership added285,489$35M0.2%2026-Q1
Vanguard Global Advisers, LLC new285,174$35M0.2%2026-Q1
BNP PARIBAS FINANCIAL MARKETS trimmed268,709$33M0.2%2026-Q1
Sunriver Management LLC added268,356$32M0.2%2026-Q1
RHUMBLINE ADVISERS added266,348$32M0.2%2026-Q1
VANGUARD ASSET MANAGEMENT, Ltd new260,228$31M0.2%2026-Q1
SEI INVESTMENTS CO added256,756$31M0.2%2026-Q1
ROYAL LONDON ASSET MANAGEMENT LTD trimmed254,689$31M0.2%2026-Q1
California Public Employees Retirement System trimmed254,245$31M0.2%2026-Q1
THOMPSON SIEGEL & WALMSLEY LLC added252,038$31M0.2%2026-Q1
LAKEWOOD CAPITAL MANAGEMENT, LP added251,000$30M0.2%2026-Q1
FIRST TRUST ADVISORS LP added249,618$30M0.2%2026-Q1
Local Pensions Partnership Investment Ltd249,176$30M0.2%2026-Q1
PNC FINANCIAL SERVICES GROUP, INC. trimmed241,483$29M0.2%2026-Q1
Blue Grotto Capital, LLC trimmed230,000$28M0.2%2026-Q1
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed224,085$27M0.2%2026-Q1
Assenagon Asset Management S.A. added220,491$27M0.2%2026-Q1
JANE STREET GROUP, LLC trimmed208,953$25M0.1%2026-Q1
BAMCO INC /NY/ trimmed202,373$24M0.1%2026-Q1
VANGUARD GROUP INC added17,377,657$2.4B13.8%2025-Q4 stale
Soroban Capital Partners LP new1,482,087$265M1.5%2025-Q2 stale
Perpetual Ltd trimmed1,087,505$148M0.9%2025-Q4 stale
Capital World Investors added869,226$138M0.8%2025-Q3 stale
Black Creek Investment Management Inc. added670,434$91M0.5%2025-Q4 stale
Standard Investments LLC trimmed634,699$86M0.5%2025-Q4 stale
Contour Asset Management LLC new402,505$65M0.4%2025-Q1 stale
HRT FINANCIAL LP added443,599$60M0.4%2025-Q4 stale
Junto Capital Management LP added315,187$56M0.3%2025-Q2 stale
EULAV Asset Management added343,735$55M0.3%2025-Q3 stale
Ceredex Value Advisors LLC trimmed239,162$38M0.2%2025-Q1 stale
TWO SIGMA ADVISERS, LP added238,600$32M0.2%2025-Q4 stale
Cubist Systematic Strategies, LLC added146,487$23M0.1%2025-Q3 stale

Ownership over time

Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.

HoldersTotal shares

Reading this table

Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.

About 13F filings

A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.

Learn how to read institutional ownership