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817 hedge funds and large institutions have $19.5B invested in CDW in 2025 Q3 according to their latest regulatory filings, with 92 funds opening new positions, 268 increasing their positions, 333 reducing their positions, and 111 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more call options, than puts

Call options by funds: $55.5M | Put options by funds: $46.8M

0.51% less ownership

Funds ownership: 94.04%93.53% (-0.51%)

4% less funds holding

Funds holding: 848817 (-31)

9% less funds holding in top 10

Funds holding in top 10: 1110 (-1)

12% less capital invested

Capital invested by funds: $22.1B → $19.5B (-$2.59B)

17% less first-time investments, than exits

New positions opened: 92 | Existing positions closed: 111

20% less repeat investments, than reductions

Existing positions increased: 268 | Existing positions reduced: 333

Holders
817
Holders Change
-31
Holders Change %
-3.66%
% of All Funds
10.72%
Holding in Top 10
10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-9.09%
% of All Funds
0.13%
New
92
Increased
268
Reduced
333
Closed
111
Calls
$55.5M
Puts
$46.8M
Net Calls
+$8.64M
Net Calls Change
-$14.5M
Name Holding Trade Value Shares
Change
Change in
Stake
WA
476
Waverly Advisors
Alabama
$462K +$93.5K +550 +23%
HCM
477
Hengehold Capital Management
Ohio
$459K +$11.4K +67 +2%
LFA
478
Laraway Financial Advisors
Minnesota
$453K
WA
479
Wealth Alliance
New York
$453K -$27.5K -162 -5%
DILIC
480
Dai-ichi Life Insurance Company
Japan
$452K
Vontobel Holding
481
Vontobel Holding
Switzerland
$444K
RHJA
482
Rice Hall James & Associates
California
$441K -$26.7K -157 -5%
KCM
483
Kathmere Capital Management
Pennsylvania
$440K +$93.3K +549 +25%
LFAS
484
Level Four Advisory Services
Texas
$439K -$5.61K -33 -1%
QCM
485
QRG Capital Management
Illinois
$435K -$1.15M -6,752 -71%
WJWM
486
Williams Jones Wealth Management
New York
$434K -$1.7K -10 -0.4%
BAM
487
Burgundy Asset Management
Ontario, Canada
$433K
CIBC Private Wealth Group
488
CIBC Private Wealth Group
Georgia
$431K -$33.8K -199 -7%
CPCP
489
Cedar Point Capital Partners
Iowa
$430K
AFCM
490
Applied Finance Capital Management
Puerto Rico
$428K -$90.2K -531 -16%
SC
491
Syon Capital
California
$427K +$141K +830 +45%
PP
492
Prudential plc
United Kingdom
$423K
UCFA
493
United Capital Financial Advisors
Texas
$420K +$10K +59 +2%
Brown Advisory
494
Brown Advisory
Maryland
$417K +$103K +606 +30%
CL
495
Choreo LLC
Illinois
$416K -$50K -294 -10%
SC
496
SummitTX Capital
Texas
$415K +$443K +2,606 New
VWM
497
Valley Wealth Managers
New Jersey
$414K +$84.5K +497 +24%
BFM
498
Boothbay Fund Management
New York
$410K +$438K +2,576 New
WPI
499
Walter Public Investments
Canada
$408K
KeyBank National Association
500
KeyBank National Association
Ohio
$403K -$26.7K -157 -6%

CDW Hedge Fund Activity: Q3 2025 in Review

817 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in CDW (CDW) for Q3 2025, worth a combined $19.5B — down 12% from $22.1B a quarter earlier.

Sellers outnumbered buyers: 111 funds closed out of CDW and 92 opened new positions — a net loss of 19 holders — while 333 trimmed existing stakes and 268 added.

The largest buyer was Allspring Global Investments, adding an estimated $267M. The largest seller was Morgan Stanley, cutting an estimated $500M.

  • 817 institutional investors held CDW (CDW) as of Q3 2025, down from 848 in Q2 2025.
  • Funds reported $19.5B of CDW stock for Q3 2025, down 12% quarter-over-quarter.
  • 92 funds opened new CDW positions in Q3 2025 and 111 closed out, a net change of -19 holders.
  • The largest CDW buyer in Q3 2025 was Allspring Global Investments, an estimated $267M added.
  • The largest CDW seller in Q3 2025 was Morgan Stanley, an estimated $500M sold.

Based on aggregated 13F filings for Q3 2025.