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CDW
CDW

791 hedge funds and large institutions have $23.1B invested in CDW in 2023 Q2 according to their latest regulatory filings, with 75 funds opening new positions, 256 increasing their positions, 350 reducing their positions, and 96 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more call options, than puts

Call options by funds: $19.3M | Put options by funds: $16.3M

1.23% less ownership

Funds ownership: 94.98% → 93.76% (-1.2%)

3% less funds holding

Funds holding: 814 → 791 (-23)

7% less capital invested

Capital invested by funds: $24.8B → $23.1B (-$1.63B)

22% less first-time investments, than exits

New positions opened: 75 | Existing positions closed: 96

27% less repeat investments, than reductions

Existing positions increased: 256 | Existing positions reduced: 350

44% less funds holding in top 10

Funds holding in top 10: 25 → 14 (-11)

Holders
791
Holders Change
-23
Holders Change %
-2.83%
% of All Funds
12.42%
Holding in Top 10
14
Holding in Top 10 Change
-11
Holding in Top 10 Change %
-44%
% of All Funds
0.22%
New
75
Increased
256
Reduced
350
Closed
96
Calls
$19.3M
Puts
$16.3M
Net Calls
+$3.07M
Net Calls Change
-$3.97M

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$218M
2
Boston Partners
Boston Partners
Massachusetts
+$144M
3
Invesco
Invesco
Georgia
+$108M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$86.5M
5
JP Morgan Chase
JP Morgan Chase
New York
+$81.2M

Top Sellers

1
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$314M
2
BlackRock
BlackRock
New York
-$94.8M
3
VOYA Investment Management
VOYA Investment Management
Georgia
-$89.2M
4
N
Nuveen
North Carolina
-$77.3M
5
WCM
Wedge Capital Management
North Carolina
-$69.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$2.93B -$58.4M -334,377 -2%
BlackRock
2
BlackRock
New York
$1.83B -$94.8M -542,503 -5%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$1.39B +$86.5M +495,162 +7%
Morgan Stanley
4
Morgan Stanley
New York
$1.26B +$218M +1,250,417 +22%
Select Equity Group
5
Select Equity Group
New York
$1.01B -$20.4M -116,700 -2%
State Street
6
State Street
Massachusetts
$989M +$19.2M +110,044 +2%
AllianceBernstein
7
AllianceBernstein
Tennessee
$836M -$39M -223,434 -5%
LP
8
Longview Partners
Guernsey
$615M +$35.5M +203,008 +6%
Mawer Investment Management
9
Mawer Investment Management
Alberta, Canada
$586M -$14.8M -84,785 -3%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$541M +$12.6M +72,363 +3%
Wellington Management Group
11
Wellington Management Group
Massachusetts
$527M -$33.2M -190,092 -6%
Amundi
12
Amundi
France
$514M -$29.8M -170,316 -6%
Neuberger Berman Group
13
Neuberger Berman Group
New York
$429M -$21.6M -123,692 -5%
Invesco
14
Invesco
Georgia
$372M +$108M +617,710 +44%
Capital World Investors
15
Capital World Investors
California
$365M -$69.8M -399,717 -17%
JP Morgan Chase
16
JP Morgan Chase
New York
$358M +$81.2M +464,545 +31%
CCM
17
Cantillon Capital Management
New York
$267M +$40.7M +233,157 +19%
Northern Trust
18
Northern Trust
Illinois
$241M -$25M -143,160 -10%
FMI
19
Fiduciary Management Inc
Wisconsin
$238M -$23.3M -133,230 -9%
FAM
20
Fenimore Asset Management
New York
$235M +$203K +1,164 +0.1%
Mitsubishi UFJ Asset Management
21
Mitsubishi UFJ Asset Management
Japan
$234M +$72.1M +412,961 +48%
1832 Asset Management
22
1832 Asset Management
Ontario, Canada
$226M +$11.2M +64,059 +5%
Dimensional Fund Advisors
23
Dimensional Fund Advisors
Texas
$199M +$6.15M +35,216 +3%
Bank of New York Mellon
24
Bank of New York Mellon
New York
$191M -$37M -211,955 -17%
Barclays
25
Barclays
United Kingdom
$183M +$21.2M +121,139 +14%
1
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CDW Hedge Fund Activity: Q2 2023 in Review

791 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in CDW (CDW) for Q2 2023, worth a combined $23.1B — down 6.6% from $24.8B a quarter earlier.

Sellers outnumbered buyers: 96 funds closed out of CDW and 75 opened new positions — a net loss of 21 holders — while 350 trimmed existing stakes and 256 added.

The largest buyer was Morgan Stanley, adding an estimated $218M. The largest seller was Envestnet Asset Management, cutting an estimated $314M.

  • 791 institutional investors held CDW (CDW) as of Q2 2023, down from 814 in Q1 2023.
  • Funds reported $23.1B of CDW stock for Q2 2023, down 6.6% quarter-over-quarter.
  • 75 funds opened new CDW positions in Q2 2023 and 96 closed out, a net change of -21 holders.
  • The largest CDW buyer in Q2 2023 was Morgan Stanley, an estimated $218M added.
  • The largest CDW seller in Q2 2023 was Envestnet Asset Management, an estimated $314M sold.

Based on aggregated 13F filings for Q2 2023.