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CDW

861 hedge funds and large institutions have $30B invested in CDW in 2023 Q4 according to their latest regulatory filings, with 130 funds opening new positions, 315 increasing their positions, 299 reducing their positions, and 67 closing their positions.

New
Increased
Maintained
Reduced
Closed

94% more first-time investments, than exits

New positions opened: 130 | Existing positions closed: 67

40% more call options, than puts

Call options by funds: $82.8M | Put options by funds: $59.2M

18% more capital invested

Capital invested by funds: $25.3B → $30B (+$4.68B)

7% more funds holding

Funds holding: 807 → 861 (+54)

5.13% more ownership

Funds ownership: 93.56% → 98.69% (+5.1%)

5% more repeat investments, than reductions

Existing positions increased: 315 | Existing positions reduced: 299

16% less funds holding in top 10

Funds holding in top 10: 25 → 21 (-4)

Holders
861
Holders Change
+54
Holders Change %
+6.69%
% of All Funds
12.55%
Holding in Top 10
21
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-16%
% of All Funds
0.31%
New
130
Increased
315
Reduced
299
Closed
67
Calls
$82.8M
Puts
$59.2M
Net Calls
+$23.6M
Net Calls Change
+$1.5M

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.49B
2
BlackRock
BlackRock
New York
+$190M
3
Wellington Management Group
Wellington Management Group
Massachusetts
+$166M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$129M
5
First Trust Advisors
First Trust Advisors
Illinois
+$114M

Top Sellers

Rank Fund Capital Flow
1
AllianceBernstein
AllianceBernstein
Tennessee
-$161M
2
GC
Gobi Capital
California
-$142M
3
FMI
Fiduciary Management Inc
Wisconsin
-$119M
4
JP Morgan Chase
JP Morgan Chase
New York
-$83.9M
5
Select Equity Group
Select Equity Group
New York
-$68.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
CNB
226
Czech National Bank
Czech Republic
$5.33M +$7.21K +34 +0.1%
BBVA
227
Banco Bilbao Vizcaya Argentaria
Spain
$5.17M +$400K +1,888 +9%
AAM
228
Advisors Asset Management
Colorado
$5.14M -$250K -1,179 -5%
OSAM
229
O'Shaughnessy Asset Management
Connecticut
$5.1M -$387K -1,827 -8%
SC
230
Sawyer & Company
Massachusetts
$4.97M -$129K -610 -3%
KCM
231
Kendall Capital Management
Maryland
$4.94M +$254K +1,198 +6%
TFA
232
Toth Financial Advisory
Virginia
$4.94M +$227K +1,070 +5%
QCM
233
Quantinno Capital Management
New York
$4.93M +$455K +2,147 +11%
Man Group
234
Man Group
United Kingdom
$4.83M +$4.5M +21,241 New
NYLIM
235
New York Life Investment Management
New York
$4.79M +$25.2K +119 +0.6%
RGI
236
River Global Investors
United Kingdom
$4.73M +$4.41M +20,810 New
OPERF
237
Oregon Public Employees Retirement Fund
Oregon
$4.58M +$530K +2,500 +14%
FHB
238
First Hawaiian Bank
Hawaii
$4.51M -$33.3K -157 -0.8%
DSC
239
Duncker Streett & Co
Missouri
$4.41M – – –
GI
240
GLOBALT Investments
Georgia
$4.38M +$4.08M +19,264 New
JRP
241
Jasper Ridge Partners
California
$4.35M – – –
FGP
242
Foyston, Gordon, & Payne
Ontario, Canada
$4.35M -$17.6K -83 -0.4%
SIA
243
SeaBridge Investment Advisors
New Jersey
$4.27M -$12.5K -59 -0.3%
LSERS
244
Louisiana State Employees Retirement System
Louisiana
$4.25M +$2.2M +10,400 +125%
HTIM
245
Harbour Trust & Investment Management
Indiana
$4.19M +$3.91M +18,448 New
Daiwa Securities Group
246
Daiwa Securities Group
Japan
$4.18M +$953K +4,498 +32%
SCM
247
Seascape Capital Management
New Hampshire
$4.16M -$50.4K -238 -1%
TSW
248
Thompson Siegel & Walmsley
Virginia
$4.15M -$530K -2,500 -12%
RC
249
RBF Capital
California
$4.14M – – –
Mackenzie Financial
250
Mackenzie Financial
Ontario, Canada
$4.13M -$40.5K -191 -1%
8 9
10
11 12

CDW Hedge Fund Activity: Q4 2023 in Review

861 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in CDW (CDW) for Q4 2023, worth a combined $30B — up 18% from $25.3B a quarter earlier.

Buyers outnumbered sellers: 130 funds opened new CDW positions and 67 closed out — a net gain of 63 holders — while 315 added to existing stakes and 299 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $1.49B. The largest seller was AllianceBernstein, cutting an estimated $161M.

  • 861 institutional investors held CDW (CDW) as of Q4 2023, up from 807 in Q3 2023.
  • Funds reported $30B of CDW stock for Q4 2023, up 18% quarter-over-quarter.
  • 130 funds opened new CDW positions in Q4 2023 and 67 closed out, a net change of +63 holders.
  • The largest CDW buyer in Q4 2023 was Morgan Stanley, an estimated $1.49B added.
  • The largest CDW seller in Q4 2023 was AllianceBernstein, an estimated $161M sold.

Based on aggregated 13F filings for Q4 2023.