CDW
757 hedge funds and large institutions have $15.3B invested in CDW in 2026 Q1 according to their latest regulatory filings, with 112 funds opening new positions, 288 increasing their positions, 266 reducing their positions, and 137 closing their positions.
62% more call options, than puts
Call options by funds: $53.9M | Put options by funds: $33.2M
3.09% more ownership
Funds ownership: 94.72% → 97.81% (+3.1%)
8% more repeat investments, than reductions
Existing positions increased: 288 | Existing positions reduced: 266
5% less funds holding
Funds holding: 796 → 757 (-39)
9% less capital invested
Capital invested by funds: $16.8B → $15.3B (-$1.52B)
18% less first-time investments, than exits
New positions opened: 112 | Existing positions closed: 137
60% less funds holding in top 10
Funds holding in top 10: 10 → 4 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$256M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
+$237M |
| 3 |
Pzena Investment Management
New York
|
+$141M |
| 4 |
BlackRock
New York
|
+$135M |
| 5 |
Morgan Stanley
New York
|
+$124M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NAMI
Nomura Asset Management International
Philadelphia,
Pennsylvania
|
-$174M |
| 2 |
PL
Perpetual Ltd
Sydney, New South Wales,
Australia
|
-$148M |
| 3 |
Select Equity Group
New York
|
-$137M |
| 4 |
Bessemer Group
Woodbridge,
New Jersey
|
-$130M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
-$102M |
CDW Hedge Fund Activity: Q1 2026 in Review
757 of the 8,186 institutional investors tracked by Wall St. Rank reported a position in CDW (CDW) for Q1 2026, worth a combined $15.3B — down 9.1% from $16.8B a quarter earlier.
Sellers outnumbered buyers: 137 funds closed out of CDW and 112 opened new positions — a net loss of 25 holders — while 266 trimmed existing stakes and 288 added.
The largest buyer was Hotchkis & Wiley Capital Management, opening a new position worth an estimated $256M. The largest seller was Nomura Asset Management International, cutting an estimated $174M.
- 757 institutional investors held CDW (CDW) as of Q1 2026, down from 796 in Q4 2025.
- Funds reported $15.3B of CDW stock for Q1 2026, down 9.1% quarter-over-quarter.
- 112 funds opened new CDW positions in Q1 2026 and 137 closed out, a net change of -25 holders.
- The largest CDW buyer in Q1 2026 was Hotchkis & Wiley Capital Management, an estimated $256M added.
- The largest CDW seller in Q1 2026 was Nomura Asset Management International, an estimated $174M sold.
Based on aggregated 13F filings for Q1 2026.