Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Cdw Corp (CDW)

747 + Investors. Track Smart Money conviction in CDW. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -36
Streak
3Q ▼
Buyers last Q
49%

Smart Money Signals — CDW

Based on 752 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds reduced or closed their CDW positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 86% of 3.0Y peak

86% of all-time peak
752 funds currently hold this stock — 86% of the 3.0-year high of 872 funds (reached 2024 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 9% fewer funds vs a year ago

fund count last 6Q
76 fewer hedge funds hold CDW compared to a year ago (-9% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 49% buying

401 buying413 selling
Last quarter: 413 funds reduced or exited vs 401 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~115 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 114 → 98 → 114 → 115. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

69% of holders stayed for 2+ years

■ 69% conviction (2yr+) ■ 15% medium ■ 17% new
516 out of 752 hedge funds have held CDW for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~115 new funds/quarter

108 → 114 → 98 → 114 → 115 new funds/Q
New funds entering each quarter: 114 → 98 → 114 → 115. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 72% veterans vs 20% newcomers

■ 72% veterans ■ 8% 1-2yr ■ 20% new
Entry-cohort mix of 765 holders: 550 (72%) are 2+ year veterans, 60 entered 1–2 years ago, and 155 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 38% AUM from major funds

38% from top-100 AUM funds
61 of 751 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
2.8
out of 10
Low Exit Risk
Exit risk score 2.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — CDW

In 2026 Q1, 401 hedge funds were net buyers of CDW (115 opened a new position, 286 added to an existing one), while 413 reduced or exited (262 trimmed, 151 sold completely) — a 49% buyer ratio, indicating roughly balanced activity. This extends a 3-quarter selling streak, suggesting sustained institutional caution. 38% of total institutional value in CDW is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -36 funds (more exits than new entries). Total institutional holders: 752.

Hedge Fund Ownership: CDW

How many hedge funds hold CDW — quarterly history vs. share price
Quarterly hedge fund ownership of CDW vs. share price

Market Analysis: CDW

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CDW

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Cdw Corp (CDW) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much CDW has moved relative to its sector benchmark (XLK) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 78d ago
CDW
+7.0%
XLK
+41.0%

CDW outperformed XLK by -34.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
CDW
+27.7%
XLK
+6.3%

Since the filing became public, CDW outperformed XLK by +21.4% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

48 top-rated funds 2 high-conviction
Consensus
7.3
/ 10
breadth
×
Elite
2.9
/ 10
conviction
Hedge Fund Positioning: CDW
747 + Investors

Track Smart Money conviction in CDW. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 747 788 -5.2%
13F Shares 123M 124M -0.75%
Total Value $14.48B $16.61B -12.85%
New Positions 112 114 -2
Increased Positions 280 244 +36
Closed Positions 153 133 +20
Reduced Positions 259 329 -70
Total Calls 7 8 -12.5%
Total Puts 7 5 40.0%
PUT/CALL Ratio 1.0 0.62 Neutral

Statistics: CDW

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Institutional Holders (2026 Q1)

747 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in CDW. Verified SEC 13F-HR filings.

QUARTER:
Top 25 CDW holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Makaira Partners LLC 10.65% 100,000 $13.6M
2 Sunriver Management LLC 5.49% 268,356 $32.5M
3 Longview Partners (Guernsey) LTD 3.95% 2,302,486 $278.6M
4 Wedgewood Partners Inc 3.62% 144,870 $17.5M
5 Triad Investment Management 3.46% 76,123 $9.4M
6 Blue Grotto Capital, LLC 3.21% 230,000 $27.8M
7 L1 Capital International Pty Ltd 2.96% 410,954 $49.7M
8 Unison Asset Management LLC 2.73% 49,310 $6.0M
9 Broad Run Investment Management, LLC 2.66% 124,611 $15.1M
10 Fenimore Asset Management Inc 2.40% 891,067 $107.8M
11 Fiduciary Management Inc /Wi/ 2.17% 1,443,309 $174.7M
12 Graphene Investments SAS 2.05% 25,300 $3.1M
13 Crescent Grove Advisors, LLC 2.00% 171,968 $20.8M
14 Crawford Fund Management, LLC 1.92% 82,452 $10.0M
15 Lakewood Capital Management, LP 1.92% 251,000 $30.4M
16 Monte Financial Group, LLC 1.84% 42,841 $5.2M
17 Foyston, Gordon & Payne Inc 1.76% 63,004 $7.6M
18 Madison Asset Management, LLC 1.66% 1,105,086 $133.7M
19 Mondrian Investment Partners LTD 1.41% 779,177 $94.3M
20 Board of the Pension Protection Fund 1.32% 11,900 $1.4M
21 Atwood & Palmer Inc 1.09% 159,131 $19.3M
22 Shayne & Jacobs, LLC 0.99% 26,530 $3.2M
23 Cabot Wealth Management Inc 0.98% 70,093 $8.5M
24 Bell Asset Management Ltd 0.95% 26,706 $3.2M
25 Sawyer & Company, Inc 0.92% 19,774 $2.4M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Cdw Corp (CDW)

What does the Smart Money Trend signal show for CDW?

Selling streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds reduced or closed their CDW positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for CDW?

More sellers than buyers — 49% buying: Last quarter: 413 funds reduced or exited vs 401 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for CDW holders?

Strong quality — 38% AUM from major funds: 61 of 751 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held CDW?

69% of holders stayed for 2+ years: 516 out of 752 hedge funds have held CDW for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Cdw Corp (CDW) following the 2026 Q1 hedge fund 13F filings?

As of today, CDW has moved +27.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to +6.3% for the XLK sector ETF — an outperformance of +21.4%. Since the quarter end (March 31, 2026), CDW has gained +7.0% vs +41.0% for XLK. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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