CDW
637 hedge funds and large institutions have $12.2B invested in CDW in 2020 Q1 according to their latest regulatory filings, with 79 funds opening new positions, 217 increasing their positions, 260 reducing their positions, and 105 closing their positions.
8% more call options, than puts
Call options by funds: $8.29M | Put options by funds: $7.68M
1.65% less ownership
Funds ownership: 93.22% → 91.57% (-1.7%)
4% less funds holding
Funds holding: 667 → 637 (-30)
17% less repeat investments, than reductions
Existing positions increased: 217 | Existing positions reduced: 260
25% less first-time investments, than exits
New positions opened: 79 | Existing positions closed: 105
36% less capital invested
Capital invested by funds: $19.1B → $12.2B (-$6.87B)
47% less funds holding in top 10
Funds holding in top 10: 17 → 9 (-8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Select Equity Group
New York
|
+$284M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
+$250M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$58.9M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
+$54.6M |
| 5 |
GC
Gobi Capital
San Francisco,
California
|
+$52.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$183M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$155M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$121M |
| 4 |
ACM
Atlanta Capital Management
Atlanta,
Georgia
|
-$103M |
| 5 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
-$79.7M |
CDW Hedge Fund Activity: Q1 2020 in Review
637 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in CDW (CDW) for Q1 2020, worth a combined $12.2B — down 36% from $19.1B a quarter earlier.
Sellers outnumbered buyers: 105 funds closed out of CDW and 79 opened new positions — a net loss of 26 holders — while 260 trimmed existing stakes and 217 added.
The largest buyer was Select Equity Group, adding an estimated $284M. The largest seller was BlackRock, cutting an estimated $183M.
- 637 institutional investors held CDW (CDW) as of Q1 2020, down from 667 in Q4 2019.
- Funds reported $12.2B of CDW stock for Q1 2020, down 36% quarter-over-quarter.
- 79 funds opened new CDW positions in Q1 2020 and 105 closed out, a net change of -26 holders.
- The largest CDW buyer in Q1 2020 was Select Equity Group, an estimated $284M added.
- The largest CDW seller in Q1 2020 was BlackRock, an estimated $183M sold.
Based on aggregated 13F filings for Q1 2020.