What smart money is saying about CDW Corp.
6 funds in our archive have pitched CDW Corp., most recently Fiduciary Management Funds in September 2026.
CDW Corporation specializes in delivering comprehensive information technology services and products across North America and the United Kingdom. It strategically targets three core client divisions: corporate enterprises, small to medium-sized businesses, and public sector organizations. Their portfolio encompasses both individual hardware and software offerings, alongside sophisticated integrated IT solution packages. These comprehensive solutions span on-premise, hybrid, and cloud environments, addressing critical areas such as data center infrastructure, network management, digital workspace enablement, and robust security. Key hardware categories include mobile computing devices (laptops, tablets), network infrastructure components, desktop workstations, display units, and enterprise data storage systems, while software offerings feature application suites, cybersecurity tools, virtualization platforms, operating systems, and network management utilities. Beyond products, CDW delivers a broad spectrum of services, including expert advisory and design, custom software development, system implementation, ongoing managed services, specialized professional support, configuration assistance, and telecommunications solutions, complemented by product warranties. They also focus on providing mission-critical software, system, and network solutions. Furthermore, installation, deployment, and repair services are facilitated for customers, often leveraging a network of third-party partners. Their diverse clientele includes governmental bodies, educational institutions, healthcare providers, and businesses of all scales – from small enterprises to major corporations. Established in 1984, the company maintains its primary corporate offices in Vernon Hills, Illinois.
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Fund signal · last 12 months
7 lettersFunds are split between buying and selling
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q1 2025 and Q3 2026, 11 fund letters reported a position in CDW Corp., with 7 buys (opened or added) and 4 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 3 | 1 | 2 | 1 |
| Q2 2026 | 4 | 2 | 2 | 0 |
| Q4 2025 | 0 | 0 | 0 | 2 |
| Q2 2025 | 3 | 3 | 0 | 2 |
| Q1 2025 | 1 | 1 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 11 positions · 11 moves
- New positionLiontrust Global Income & Growth FundSeptember 2026
“We sold a small remnant holding in Austrian building materials producer Wienerberger. Its end markets have been in a deep downturn with little to no sign of relief. Wienerberger is a 208-year-old leader in several niches, but it has struggled to handle cost inflation with its limited scale and had fallen under our threshold for market capitalisation. We initiated a small position in CDW, which you can read more about here. Away from the news... We continued to travel across the country in September.”
CDW Corp. - ExitedFindlay Park American FundSeptember 2026
“We made a few portfolio changes this quarter, selling businesses where we have reduced conviction. We exited Steris as growth in its higher-margin sterilisation business fell short of expectations, weakening the case for improving margins and returns. CDW was sold because stronger hardware demand failed to translate into the services growth and margin expansion we had anticipated.”
CDW Corp. - ExitedHennessy Focus FundSeptember 2026
“Specifically, during the quarter, we sold two positions and reduced the size of a third. We exited CDW, which was about a 3% position at the beginning of the quarter.”
CDW Corp. - New positionMiddle Coast InvestingJune 2026
“New buys CDW Corporation CDW is a tech distributor.”
CDW Corp. - New positionDistillate CapitalJune 2026
Listed in Distillate Capital’s reported holdings.
CDW Corp. - June 2026
“During the quarter, we were unusually busy. We bought Hermès and sold Tractor Supply Company, Zoetis, and CDW.”
CDW Corp. - June 2026
“We also exited our position in CDW, an information technology solutions provider, realizing losses to offset gains elsewhere in the portfolio.”
CDW Corp. - New positionArtisan US Mid Cap Value StrategyJune 2025
“In addition to adding Pinterest and Ferguson in April, we also initiated new positions in Align Technology and CDW.”
CDW Corp. - AddedMadison Mid Cap FundJune 2025
“We added to three stocks during the quarter, CDW, Arista Networks, and Floor and Decor.”
CDW Corp. - New positionMadison Large Cap FundJune 2025
“We initiated positions in Airbnb, CDW Corporation and Gartner and sold Berkshire Hathaway.”
CDW Corp. - New positionMacquarie Value FundMarch 2025
“Proceeds from the sale of CVS were used to purchase a position in CDW Corp., a leading provider of IT solutions serving small business, corporate, government, education, and healthcare customers.”
CDW Corp.
Fund coverage · 6 theses
- Fiduciary Management FundsSeptember 2026
CDW Corp. is a scaled, sticky IT solutions provider that should benefit from AI-related infrastructure demand and re-rating as spending recovers.
Read the full thesis - Oakmark FundDecember 2025
CDW is a leading IT solutions provider benefiting from a shift to higher-margin software and services, including cybersecurity and generative AI, and was bought at a compelling valuation.
Read the full thesis - Artisan U.S. Mid-Cap Value StrategyDecember 2025
CDW Corp is a leading IT VAR with low capital intensity, strong free cash flow, and durable SMB channel positioning that mitigates disintermediation risk.
Read the full thesis - Artisan US Mid Cap Value StrategyJune 2025
CDW is a resilient value-added reseller of IT solutions, poised for steady growth by consolidating its share in the fragmented VAR market, particularly by serving small and medium businesses.
Read the full thesis - Madison Large Cap FundJune 2025
CDW Corporation is a resilient value-added reseller of IT products poised for continued market share growth despite potential tariff impacts on hardware prices.
Read the full thesis - Macquarie Value FundMarch 2025
CDW Corp. is a leading IT solutions provider well-positioned to benefit from device spending, AI adoption, and a strong capital allocation program amid a favorable valuation.
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