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.
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).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. trimmed | 12,889,633 | $1.6B | 9.1% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 8,420,409 | $1.0B | 5.9% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 8,183,342 | $990M | 5.8% | 2026-Q1 |
| STATE STREET CORP trimmed | 5,731,195 | $694M | 4.0% | 2026-Q1 |
| HARRIS ASSOCIATES L P added | 5,383,062 | $651M | 3.8% | 2026-Q1 |
| Boston Partners added | 3,935,998 | $476M | 2.8% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 3,788,975 | $459M | 2.7% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 3,206,747 | $380M | 2.2% | 2026-Q1 |
| MORGAN STANLEY added | 2,996,646 | $363M | 2.1% | 2026-Q1 |
| Invesco Ltd. added | 2,628,328 | $318M | 1.9% | 2026-Q1 |
| Allspring Global Investments Holdings, LLC added | 2,538,130 | $308M | 1.8% | 2026-Q1 |
| Longview Partners (Guernsey) LTD trimmed | 2,302,486 | $279M | 1.6% | 2026-Q1 |
| JANUS HENDERSON GROUP PLC trimmed | 2,125,605 | $257M | 1.5% | 2026-Q1 |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC new | 2,027,480 | $245M | 1.4% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC added | 2,000,699 | $242M | 1.4% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 1,572,738 | $190M | 1.1% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 1,511,577 | $183M | 1.1% | 2026-Q1 |
| FIDUCIARY MANAGEMENT INC /WI/ added | 1,443,309 | $175M | 1.0% | 2026-Q1 |
| FIL Ltd trimmed | 1,427,243 | $173M | 1.0% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 1,309,742 | $159M | 0.9% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 1,259,204 | $152M | 0.9% | 2026-Q1 |
| NORTHERN TRUST CORP trimmed | 1,257,249 | $152M | 0.9% | 2026-Q1 |
| FMR LLC added | 1,241,468 | $150M | 0.9% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 1,228,241 | $149M | 0.9% | 2026-Q1 |
| Select Equity Group, L.P. trimmed | 1,195,763 | $145M | 0.8% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 1,153,214 | $138M | 0.8% | 2026-Q1 |
| PZENA INVESTMENT MANAGEMENT LLC new | 1,115,535 | $135M | 0.8% | 2026-Q1 |
| Madison Asset Management, LLC trimmed | 1,105,086 | $134M | 0.8% | 2026-Q1 |
| Mawer Investment Management Ltd. trimmed | 1,051,495 | $127M | 0.7% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 1,018,674 | $123M | 0.7% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 1,001,506 | $121M | 0.7% | 2026-Q1 |
| NORGES BANK trimmed | 687,043 | $110M | 0.6% | 2026-Q1 |
| Fenimore Asset Management Inc trimmed | 891,067 | $108M | 0.6% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 890,370 | $108M | 0.6% | 2026-Q1 |
| Legal & General Group Plc added | 879,651 | $106M | 0.6% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 868,906 | $105M | 0.6% | 2026-Q1 |
| Mondrian Investment Partners LTD trimmed | 779,177 | $94M | 0.5% | 2026-Q1 |
| HSBC HOLDINGS PLC added | 778,630 | $94M | 0.5% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC trimmed | 765,455 | $93M | 0.5% | 2026-Q1 |
| NATIXIS ADVISORS, LLC added | 757,229 | $92M | 0.5% | 2026-Q1 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 751,620 | $91M | 0.5% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 733,749 | $89M | 0.5% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 712,620 | $84M | 0.5% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 643,301 | $78M | 0.5% | 2026-Q1 |
| Alyeska Investment Group, L.P. added | 624,435 | $76M | 0.4% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 606,592 | $73M | 0.4% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 588,334 | $71M | 0.4% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC trimmed | 557,722 | $67M | 0.4% | 2026-Q1 |
| Amundi trimmed | 529,727 | $64M | 0.4% | 2026-Q1 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC added | 525,298 | $64M | 0.4% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 522,998 | $63M | 0.4% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 477,266 | $58M | 0.3% | 2026-Q1 |
| D. E. Shaw & Co., Inc. trimmed | 458,155 | $55M | 0.3% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 440,261 | $53M | 0.3% | 2026-Q1 |
| Swedbank AB added | 431,282 | $52M | 0.3% | 2026-Q1 |
| L1 Capital International Pty Ltd added | 410,954 | $50M | 0.3% | 2026-Q1 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. trimmed | 402,027 | $49M | 0.3% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 399,209 | $48M | 0.3% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 396,339 | $48M | 0.3% | 2026-Q1 |
| UBS Group AG added | 391,004 | $47M | 0.3% | 2026-Q1 |
| Swiss National Bank added | 382,000 | $46M | 0.3% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. trimmed | 338,877 | $46M | 0.3% | 2026-Q1 |
| Nuveen, LLC added | 337,369 | $41M | 0.2% | 2026-Q1 |
| Findlay Park Partners LLP trimmed | 336,426 | $41M | 0.2% | 2026-Q1 |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 321,762 | $39M | 0.2% | 2026-Q1 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 298,201 | $36M | 0.2% | 2026-Q1 |
| Quantinno Capital Management LP added | 298,010 | $36M | 0.2% | 2026-Q1 |
| BARCLAYS PLC added | 288,910 | $35M | 0.2% | 2026-Q1 |
| Artisan Partners Limited Partnership added | 285,489 | $35M | 0.2% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 285,174 | $35M | 0.2% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 268,709 | $33M | 0.2% | 2026-Q1 |
| Sunriver Management LLC added | 268,356 | $32M | 0.2% | 2026-Q1 |
| RHUMBLINE ADVISERS added | 266,348 | $32M | 0.2% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 260,228 | $31M | 0.2% | 2026-Q1 |
| SEI INVESTMENTS CO added | 256,756 | $31M | 0.2% | 2026-Q1 |
| ROYAL LONDON ASSET MANAGEMENT LTD trimmed | 254,689 | $31M | 0.2% | 2026-Q1 |
| California Public Employees Retirement System trimmed | 254,245 | $31M | 0.2% | 2026-Q1 |
| THOMPSON SIEGEL & WALMSLEY LLC added | 252,038 | $31M | 0.2% | 2026-Q1 |
| LAKEWOOD CAPITAL MANAGEMENT, LP added | 251,000 | $30M | 0.2% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 249,618 | $30M | 0.2% | 2026-Q1 |
| Local Pensions Partnership Investment Ltd | 249,176 | $30M | 0.2% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. trimmed | 241,483 | $29M | 0.2% | 2026-Q1 |
| Blue Grotto Capital, LLC trimmed | 230,000 | $28M | 0.2% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 224,085 | $27M | 0.2% | 2026-Q1 |
| Assenagon Asset Management S.A. added | 220,491 | $27M | 0.2% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 208,953 | $25M | 0.1% | 2026-Q1 |
| BAMCO INC /NY/ trimmed | 202,373 | $24M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 17,377,657 | $2.4B | 13.8% | 2025-Q4 stale |
| Soroban Capital Partners LP new | 1,482,087 | $265M | 1.5% | 2025-Q2 stale |
| Perpetual Ltd trimmed | 1,087,505 | $148M | 0.9% | 2025-Q4 stale |
| Capital World Investors added | 869,226 | $138M | 0.8% | 2025-Q3 stale |
| Black Creek Investment Management Inc. added | 670,434 | $91M | 0.5% | 2025-Q4 stale |
| Standard Investments LLC trimmed | 634,699 | $86M | 0.5% | 2025-Q4 stale |
| Contour Asset Management LLC new | 402,505 | $65M | 0.4% | 2025-Q1 stale |
| HRT FINANCIAL LP added | 443,599 | $60M | 0.4% | 2025-Q4 stale |
| Junto Capital Management LP added | 315,187 | $56M | 0.3% | 2025-Q2 stale |
| EULAV Asset Management added | 343,735 | $55M | 0.3% | 2025-Q3 stale |
| Ceredex Value Advisors LLC trimmed | 239,162 | $38M | 0.2% | 2025-Q1 stale |
| TWO SIGMA ADVISERS, LP added | 238,600 | $32M | 0.2% | 2025-Q4 stale |
| Cubist Systematic Strategies, LLC added | 146,487 | $23M | 0.1% | 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.
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.