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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
NP
576
NorthRock Partners
Minnesota
$246K -$10.5K -62 -4%
TAM
577
Trust Asset Management
Texas
$245K
LCWP
578
Legacy Capital Wealth Partners
Arkansas
$243K -$4.76K -28 -2%
CIBC World Market
579
CIBC World Market
Ontario, Canada
$242K +$258K +1,519 New
BCA
580
Bay Capital Advisors
Virginia
$239K
WS
581
Wedbush Securities
California
$237K -$116K -683 -31%
CFO
582
Callan Family Office
Pennsylvania
$233K +$3.74K +22 +2%
ECM
583
Eisler Capital Management
United Kingdom
$233K +$248K +1,460 New
PFS
584
Prospera Financial Services
Texas
$232K +$22.1K +130 +10%
GWM
585
Geneos Wealth Management
Colorado
$231K -$7.14K -42 -3%
SPIA
586
Steward Partners Investment Advisory
New York
$230K +$18.9K +111 +8%
CSPIA
587
Cary Street Partners Investment Advisory
Virginia
$227K +$170 +1 +0.1%
HT
588
Heritage Trust
Oklahoma
$225K
PTC
589
Private Trust Company
Ohio
$224K -$43.3K -255 -15%
RS
590
R Squared
Hong Kong
$223K +$238K +1,400 New
EWM
591
Empirical Wealth Management
Washington
$222K +$237K +1,396 New
PFM
592
Patton Fund Management
Texas
$222K
SAM
593
Smartleaf Asset Management
Massachusetts
$220K +$76.5K +450 +50%
EA
594
Ergawealth Advisors
Illinois
$219K +$10.4K +61 +5%
QWP
595
Quotient Wealth Partners
Texas
$218K +$13.3K +78 +6%
OFS
596
Orrstown Financial Services
Pennsylvania
$217K
AC
597
AlphaCore Capital
California
$216K +$25.3K +149 +12%
ST
598
Smithfield Trust
Pennsylvania
$216K -$11.7K -69 -5%
LS
599
Livforsakringsbolaget Skandia
Sweden
$216K -$17K -100 -7%
NAS
600
Nicolet Advisory Services
Wisconsin
$215K +$235K +1,383 New

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.