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534 hedge funds and large institutions have $10.5B invested in CDW in 2018 Q4 according to their latest regulatory filings, with 85 funds opening new positions, 172 increasing their positions, 215 reducing their positions, and 58 closing their positions.

New
Increased
Maintained
Reduced
Closed

47% more first-time investments, than exits

New positions opened: 85 | Existing positions closed: 58

19% more call options, than puts

Call options by funds: $18.1M | Put options by funds: $15.3M

5% more funds holding

Funds holding: 510534 (+24)

0.2% more ownership

Funds ownership: 89.94%90.14% (+0.2%)

13% less capital invested

Capital invested by funds: $12.1B → $10.5B (-$1.6B)

20% less repeat investments, than reductions

Existing positions increased: 172 | Existing positions reduced: 215

31% less funds holding in top 10

Funds holding in top 10: 139 (-4)

Holders
534
Holders Change
+24
Holders Change %
+4.71%
% of All Funds
11.9%
Holding in Top 10
9
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-30.77%
% of All Funds
0.2%
New
85
Increased
172
Reduced
215
Closed
58
Calls
$18.1M
Puts
$15.3M
Net Calls
+$2.87M
Net Calls Change
-$14.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$1.24B +$30.2M +350,414 +2%
BlackRock
2
BlackRock
New York
$950M -$186M -2,156,117 -16%
Wellington Management Group
3
Wellington Management Group
Massachusetts
$730M -$24.1M -279,648 -3%
ACM
4
Atlanta Capital Management
Georgia
$418M -$1.6M -18,607 -0.4%
Kayne Anderson Rudnick Investment Management
5
Kayne Anderson Rudnick Investment Management
California
$338M -$110K -1,279 -0%
Select Equity Group
6
Select Equity Group
New York
$333M +$209M +2,423,639 +144%
Neuberger Berman Group
7
Neuberger Berman Group
New York
$329M -$40.4M -469,066 -10%
State Street
8
State Street
Massachusetts
$248M -$1.7M -19,731 -0.6%
Fidelity Investments
9
Fidelity Investments
Massachusetts
$239M -$19.3M -224,457 -7%
JP Morgan Chase
10
JP Morgan Chase
New York
$234M -$2.72M -31,596 -1%
American Century Companies
11
American Century Companies
Missouri
$175M -$21.2M -245,937 -10%
AQR Capital Management
12
AQR Capital Management
Connecticut
$167M -$6.92M -80,404 -4%
FAM
13
Fenimore Asset Management
New York
$150M -$883K -10,254 -0.6%
Goldman Sachs
14
Goldman Sachs
New York
$142M -$7.57M -87,902 -5%
TCIM
15
TIAA CREF Investment Management
New York
$138M -$7.61M -88,370 -5%
Jennison Associates
16
Jennison Associates
New York
$138M -$12.8M -148,196 -8%
AllianceBernstein
17
AllianceBernstein
Tennessee
$137M -$6.05M -70,232 -4%
Bank of America
18
Bank of America
North Carolina
$136M -$40M -464,368 -22%
Geode Capital Management
19
Geode Capital Management
Massachusetts
$129M +$14.6M +169,507 +12%
Wells Fargo
20
Wells Fargo
California
$122M -$7.35M -85,299 -5%
Norges Bank
21
Norges Bank
Norway
$118M +$6.45M +74,894 +5%
MP
22
Makaira Partners
California
$106M -$7.93M -92,100 -7%
Janus Henderson Group
23
Janus Henderson Group
United Kingdom
$102M +$5.95M +69,036 +6%
ACH
24
ArrowMark Colorado Holdings
Colorado
$101M +$2.17M +25,242 +2%
AL
25
AJO LP
Pennsylvania
$98M +$36.5M +423,793 +54%

CDW Hedge Fund Activity: Q4 2018 in Review

534 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in CDW (CDW) for Q4 2018, worth a combined $10.5B — down 13% from $12.1B a quarter earlier.

Buyers outnumbered sellers: 85 funds opened new CDW positions and 58 closed out — a net gain of 27 holders — while 172 added to existing stakes and 215 trimmed.

The largest buyer was Select Equity Group, adding an estimated $209M. The largest seller was BlackRock, cutting an estimated $186M.

  • 534 institutional investors held CDW (CDW) as of Q4 2018, up from 510 in Q3 2018.
  • Funds reported $10.5B of CDW stock for Q4 2018, down 13% quarter-over-quarter.
  • 85 funds opened new CDW positions in Q4 2018 and 58 closed out, a net change of +27 holders.
  • The largest CDW buyer in Q4 2018 was Select Equity Group, an estimated $209M added.
  • The largest CDW seller in Q4 2018 was BlackRock, an estimated $186M sold.

Based on aggregated 13F filings for Q4 2018.