CDWNasdaqRetail-Catalog & Mail-Order HousesFiscal year ends December 31
CDW Corp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$152.65+2.17 (+1.44%)
Close on Oct 19, 2026
- Market cap
- $19.45B
- P/E (TTM)
- 18.3
- Dividend yield
- 1.64%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
100.0%
135M of 125M shares
Institutional holders
755
114 new, 107 sold out
Net institutional buying
11M
In Q2 2026
Insider trades, 12 months
2 buys · 2 sales
Net sold $2.25M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Vanguard Capital Management | 9,747,914 | 7.57% | 13G (passive) | Mar 31, 2026 |
| Vanguard Portfolio Management | 8,200,432 | 6.37% | 13G (passive) | Mar 31, 2026 |
| BlackRock, Inc. | 10,883,748 | 8.10% | 13G (passive) amendment | Dec 31, 2023 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of CDW | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 15,238,070 | 12.19% | $2.14B | +517,771 | 0.03% |
| Vanguard Capital Management LLC | 8,341,169 | 6.67% | $1.17B | −79,240 | 0.03% |
| Vanguard Portfolio Management LLC | 8,197,577 | 6.56% | $1.15B | +14,235 | 0.05% |
| State Street Corp | 5,779,688 | 4.62% | $812.86M | +48,493 | 0.02% |
| Harris Associates L P | 5,543,451 | 4.43% | $779.63M | +160,389 | 1.03% |
| Boston Partners | 5,256,810 | 4.20% | $739.29M | +1,320,812 | 0.66% |
| Geode Capital Management, LLC | 3,890,627 | 3.11% | $547.51M | +101,652 | 0.03% |
| Hotchkis & Wiley Capital Management LLC | 3,777,585 | 3.02% | $531.28M | +1,750,105 | 1.55% |
| Invesco Ltd. | 3,758,500 | 3.01% | $528.60M | +1,096,224 | 0.04% |
| Morgan Stanley | 3,572,175 | 2.86% | $502.39M | +575,529 | 0.03% |
| JPMorgan Chase & Co | 3,362,101 | 2.69% | $470.09M | +155,354 | 0.03% |
| Allspring Global Investments Holdings, LLC | 3,121,566 | 2.50% | $432.06M | +583,436 | 0.66% |
| Pzena Investment Management LLC | 2,638,900 | 2.11% | $371.13M | +1,523,365 | 1.09% |
| Jupiter Topco LLC | 2,133,623 | 1.71% | $300.07M | New | 0.12% |
| Longview Partners (Guernsey) LTD | 1,867,736 | 1.49% | $262.68M | −434,750 | 4.27% |
| Alyeska Investment Group, L.P. | 1,854,952 | 1.48% | $260.88M | +1,230,517 | 0.67% |
| Bank Of America Corp /De/ | 1,813,551 | 1.45% | $255.06M | +554,347 | 0.02% |
| Price T Rowe Associates Inc /Md/ | 1,763,554 | 1.41% | $248.03K | +251,977 | 0.02% |
| FMR LLC | 1,551,646 | 1.24% | $218.22M | +258,006 | 0.01% |
| Fiduciary Management Inc /Wi/ | 1,393,758 | 1.11% | $196.02M | −49,551 | 2.79% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 755 | 135M | 100.0% | 114 / 258 | 302 / 107 | 22M | 11M |
| Q1 2026 | 757 | 126M | 100.0% | 111 / 287 | 268 / 136 | 37M | 17M |
| Q4 2025 | 797 | 124M | 99.1% | 111 / 244 | 343 / 115 | 19M | 20M |
| Q3 2025 | 819 | 125M | 100.0% | 93 / 271 | 333 / 111 | 16M | 15M |
| Q2 2025 | 849 | 125M | 99.6% | 109 / 283 | 346 / 84 | 14M | 11M |
| Q1 2025 | 840 | 123M | 98.1% | 101 / 309 | 331 / 98 | 12M | 12M |
| Q4 2024 | 853 | 124M | 98.8% | 111 / 277 | 363 / 136 | 17M | 17M |
| Q3 2024 | 895 | 124M | 98.9% | 82 / 319 | 350 / 76 | 21M | 10M |
| Q2 2024 | 901 | 124M | 98.8% | 93 / 357 | 314 / 80 | 7M | 22M |
| Q1 2024 | 899 | 139M | 100.0% | 102 / 340 | 322 / 57 | 12M | 7M |
| Q4 2023 | 862 | 134M | 100.0% | 130 / 315 | 299 / 67 | 16M | 7M |
| Q3 2023 | 808 | 126M | 100.0% | 95 / 279 | 311 / 67 | 4M | 5M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of CDW | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 4,055,815 | 3.24% | $570.41M | 0.02% | Jun 30, 2026 |
| Vanguard Windsor Ii Fund | 3,341,134 | 2.67% | $493.85M | 0.74% | Jul 31, 2026 |
| Vanguard 500 Index Fund | 3,309,774 | 2.65% | $465.49M | 0.03% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 2,929,350 | 2.34% | $411.98M | 0.22% | Jun 30, 2026 |
| Allspring Special Mid Cap Value Fund | 2,406,100 | 1.92% | $338.39M | 2.51% | Jun 30, 2026 |
| Oakmark Fund | 2,251,855 | 1.80% | $316.70M | 1.32% | Jun 30, 2026 |
| Disciplined Value Mid Cap Fund | 2,136,598 | 1.71% | $300.49M | 1.29% | Jun 30, 2026 |
| Vanguard Small-Cap Value Index Fund | 1,855,970 | 1.48% | $261.02M | 0.38% | Jun 30, 2026 |
| iShares Core S&P 500 ETF | 1,756,939 | 1.41% | $247.10M | 0.03% | Jun 30, 2026 |
| Fidelity 500 Index Fund | 1,666,100 | 1.33% | $209.01M | 0.03% | May 31, 2026 |
| Vanguard Windsor Fund | 1,580,425 | 1.26% | $233.60M | 0.93% | Jul 31, 2026 |
| Vanguard Information Technology Index Fund | 1,506,681 | 1.21% | $189.01M | 0.11% | May 31, 2026 |
| Invesco S&P 500 Equal Weight ETF | 1,441,252 | 1.15% | $213.03M | 0.22% | Jul 31, 2026 |
| Janus Henderson Enterprise Fund | 1,411,060 | 1.13% | $198.45M | 0.89% | Jun 30, 2026 |
| BlackRock Equity Dividend Fund | 1,272,547 | 1.02% | $188.10M | 0.92% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Christine A. Leahy | See Remarks, Director | 211,730 | 0.17% | Sep 14, 2026 |
| Katherine Elizabeth Sanderson | See Remarks | 24,511 | 0.02% | Sep 28, 2026 |
| Elizabeth H. Connelly | See Remarks | 34,453 | 0.03% | Sep 14, 2026 |
| Mukesh Kumar | See Remarks | 20,723 | 0.02% | Sep 14, 2026 |
| Hang Tan | See Remarks | 34,179 | 0.03% | Sep 14, 2026 |
| Albert Joseph Miralles Jr | See Remarks | 47,644 | 0.04% | Sep 14, 2026 |
| Peter R. Locy | See Remarks | 5,951 | 0.00% | Sep 14, 2026 |
| Frederick J. Kulevich | See Remarks | 44,825 | 0.04% | Sep 14, 2026 |
| Sona Chawla | See Remarks | 28,153 | 0.02% | Dec 12, 2025 |
| David W. Nelms | Director | 51,563 | 0.04% | Sep 14, 2026 |
| Lynda M. Clarizio | Director | 15,748 | 0.01% | Sep 14, 2026 |
| Anthony R. Foxx | Director | 6,758 | 0.01% | Sep 14, 2026 |
| Virginia C. Addicott | Director | 18,675 | 0.01% | Sep 14, 2026 |
| James A. Bell | Director | 26,454 | 0.02% | Sep 14, 2026 |
| Marc Ellis Jones | Director | 4,533 | 0.00% | Sep 14, 2026 |
| Kelly J. Grier | Director | 4,069 | 0.00% | Sep 14, 2026 |
| Joseph Swedish | Director | 20,232 | 0.02% | Sep 14, 2026 |
| Donna F. Zarcone | Director | 22,958 | 0.02% | Mar 12, 2026 |
| Sanjay Mehrotra | Director | 6,391 | 0.01% | Mar 12, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Katherine Elizabeth Sanderson See Remarks | Sep 24, 2026 | Tax withholding | −231.81 | $153.74 | $35.64K | 24,511 |
| Hang Tan See Remarks | Sep 10, 2026 | Award | +212.8 | $142.60 | $30.35K | 34,179 |
| Kelly J. Grier Director | Sep 10, 2026 | Award | +7.18 | $142.60 | $1.02K | 4,069 |
| Mukesh Kumar See Remarks | Sep 10, 2026 | Award | +192.3 | $142.60 | $27.42K | 20,723 |
| Marc Ellis Jones Director | Sep 10, 2026 | Award | +19.93 | $142.60 | $2.84K | 4,533 |
| James A. Bell Director | Sep 10, 2026 | Award | +95.7 | $142.60 | $13.65K | 26,454 |
| Albert Joseph Miralles Jr See Remarks | Sep 10, 2026 | Award | +299.33 | $142.60 | $42.68K | 47,644 |
| Frederick J. Kulevich See Remarks | Sep 10, 2026 | Award | +184.67 | $142.60 | $26.33K | 44,825 |
| Katherine Elizabeth Sanderson See Remarks | Sep 10, 2026 | Award | +243.04 | $142.60 | $34.66K | 24,743 |
| Christine A. Leahy See Remarks, Director | Sep 10, 2026 | Award | +825.3 | $142.60 | $117.69K | 194,480 |
| David W. Nelms Director | Sep 10, 2026 | Award | +147.59 | $142.60 | $21.05K | 51,563 |
| Lynda M. Clarizio Director | Sep 10, 2026 | Award | +7.18 | $142.60 | $1.02K | 15,748 |
| Elizabeth H. Connelly See Remarks | Sep 10, 2026 | Award | +237.88 | $142.60 | $33.92K | 34,453 |
| Anthony R. Foxx Director | Sep 10, 2026 | Award | +29.71 | $142.60 | $4.24K | 6,758 |
| Peter R. Locy See Remarks | Sep 10, 2026 | Award | +29.45 | $142.60 | $4.20K | 5,951 |
| Virginia C. Addicott Director | Sep 10, 2026 | Award | +82.13 | $142.60 | $11.71K | 18,675 |
| Joseph Swedish Director | Sep 10, 2026 | Award | +29.13 | $142.60 | $4.15K | 20,232 |
| Mukesh Kumar See Remarks | Aug 17, 2026 | Tax withholding | −1,147.34 | $139.42 | $159.96K | 20,530 |
| Elizabeth H. Connelly See Remarks | Aug 7, 2026 | Option exercise | +14,900 | $98.21 | $1.46M | 60,910 |
| Elizabeth H. Connelly See Remarks | Aug 7, 2026 | Sale | −26,695 | $137.62 | $3.67M | 34,215 |
| Elizabeth H. Connelly See Remarks | Aug 7, 2026 | Option exercise | +11,795 | $95.57 | $1.13M | 46,010 |
| David W. Nelms Director | Jul 1, 2026 | Award | +229 | – | – | 51,415 |
| Joseph Swedish Director | Jul 1, 2026 | Award | +208 | – | – | 20,202 |
| Kelly J. Grier Director | Jun 10, 2026 | Award | +7.88 | $129.30 | $1.02K | 4,062 |
| Virginia C. Addicott Director | Jun 10, 2026 | Award | +90.14 | $129.30 | $11.66K | 18,593 |
| Marc Ellis Jones Director | Jun 10, 2026 | Award | +21.88 | $129.30 | $2.83K | 4,513 |
| Christine A. Leahy See Remarks, Director | Jun 10, 2026 | Award | +298.44 | $129.30 | $38.59K | 193,655 |
| Elizabeth H. Connelly See Remarks | Jun 10, 2026 | Award | +88.41 | $129.30 | $11.43K | 34,215 |
| Frederick J. Kulevich See Remarks | Jun 10, 2026 | Award | +65.3 | $129.30 | $8.44K | 44,640 |
| Anthony R. Foxx Director | Jun 10, 2026 | Award | +32.61 | $129.30 | $4.22K | 6,728 |
| Albert Joseph Miralles Jr See Remarks | Jun 10, 2026 | Award | +108.19 | $129.30 | $13.99K | 47,344 |
| Peter R. Locy See Remarks | Jun 10, 2026 | Award | +18.56 | $129.30 | $2.40K | 5,921 |
| Mukesh Kumar See Remarks | Jun 10, 2026 | Award | +105.11 | $129.30 | $13.59K | 21,678 |
| Katherine Elizabeth Sanderson See Remarks | Jun 10, 2026 | Award | +65.26 | $129.30 | $8.44K | 24,499 |
| Joseph Swedish Director | Jun 10, 2026 | Award | +30.95 | $129.30 | $4.00K | 19,994 |
| Hang Tan See Remarks | Jun 10, 2026 | Award | +164.69 | $129.30 | $21.29K | 33,967 |
| David W. Nelms Director | Jun 10, 2026 | Award | +160.9 | $129.30 | $20.80K | 51,186 |
| James A. Bell Director | Jun 10, 2026 | Award | +105.04 | $129.30 | $13.58K | 26,358 |
| Lynda M. Clarizio Director | Jun 10, 2026 | Award | +7.88 | $129.30 | $1.02K | 15,741 |
| David W. Nelms Director | May 27, 2026 | Buy | +18,000 | $111.43 | $2.01M | 51,025 |
| Christine A. Leahy See Remarks, Director | May 18, 2026 | Buy | +4,830 | $103.40 | $499.42K | 193,357 |
| Hang Tan See Remarks | May 11, 2026 | Award | +33,802 | – | – | 33,802 |
| Peter R. Locy See Remarks | May 11, 2026 | Award | +1,950 | – | – | 5,903 |
| Joseph Swedish Director | Apr 1, 2026 | Award | +236 | – | – | 19,963 |
| David W. Nelms Director | Apr 1, 2026 | Award | +236 | – | – | 33,025 |
| Katherine Elizabeth Sanderson See Remarks | Mar 19, 2026 | Tax withholding | −8.22 | $120.74 | $992 | 24,434 |
| Katherine Elizabeth Sanderson See Remarks | Mar 16, 2026 | Tax withholding | −2,204.59 | $116.16 | $256.09K | 24,436 |
| Peter R. Locy See Remarks | Mar 12, 2026 | Tax withholding | −112.07 | $118.91 | $13.33K | 3,952 |
| Frederick J. Kulevich See Remarks | Mar 12, 2026 | Tax withholding | −1,173.62 | $118.91 | $139.56K | 44,570 |
| Elizabeth H. Connelly See Remarks | Mar 12, 2026 | Tax withholding | −1,372.9 | $118.91 | $163.25K | 34,121 |
| Christine A. Leahy See Remarks, Director | Mar 12, 2026 | Tax withholding | −4,872.52 | $118.91 | $579.39K | 188,506 |
| Albert Joseph Miralles Jr See Remarks | Mar 12, 2026 | Tax withholding | −2,036.19 | $118.91 | $242.12K | 47,229 |
| Katherine Elizabeth Sanderson See Remarks | Mar 12, 2026 | Tax withholding | −644.65 | $118.91 | $76.66K | 26,641 |
| Peter R. Locy See Remarks | Mar 10, 2026 | Award | +10.54 | – | – | 4,064 |
| Joseph Swedish Director | Mar 10, 2026 | Award | +30.54 | – | – | 19,726 |
| Marc Ellis Jones Director | Mar 10, 2026 | Award | +22.43 | – | – | 4,490 |
| Frederick J. Kulevich See Remarks | Mar 10, 2026 | Award | +80.88 | – | – | 45,744 |
| Kelly J. Grier Director | Mar 10, 2026 | Award | +13.61 | – | – | 4,053 |
| Elizabeth H. Connelly See Remarks | Mar 10, 2026 | Award | +106.92 | – | – | 35,494 |
| Mukesh Kumar See Remarks | Mar 10, 2026 | Award | +107.7 | – | – | 21,566 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Elizabeth H. Connelly Officer | Aug 7, 2026 | 26,695 | $3.67M | Aug 7, 2026 | Stock Option Exercise |
| Sona Chawla Officer | Dec 8, 2025 | 7,400 | $1.08M | Dec 8, 2025 | Restricted Stock Vesting |
| Frederick J. Kulevich Officer | May 13, 2025 | 28,159 | $5.32M | May 13, 2025 | Options Granted - 02/27/2018 |
| Christine A. Leahy Officer, Director | May 8, 2025 | 40,917 | $7.42M | May 8, 2025 | Options Granted - 02/28/2017 |
| Sona Chawla Officer | Jul 16, 2024 | 18,437 | $4.43M | Jul 16, 2024 | Option Granted- 03/09/2020 |
| Sona Chawla Officer | Jun 18, 2024 | 25,914 | $5.96M | Jun 18, 2024 | Option Granted - 03/09/2020 |
| Carolyn Wiesenhahn Former Officer | Mar 19, 2024 | 7,891 | $1.95M | Mar 19, 2024 | Option Granted - 09/06/2022 |
| Christina M. Corley Officer | Dec 14, 2023 | 34,079 | $7.53M | Dec 14, 2023 | Option Granted - 02/28/2017 |
| Christina M. Corley Officer | Dec 13, 2023 | 700 | $154.00K | Dec 13, 2023 | Option Granted - 02/28/2017 |
| Christina M. Corley Officer | Nov 22, 2023 | 48,320 | $10.48M | Nov 22, 2023 | Option Granted - 02/19/2015 |
| Christine A. Leahy Officer, Director | Nov 15, 2023 | 44,383 | $9.73M | Nov 15, 2023 | Option Granted - 03/02/2016 |