CWKNYSEReal EstateFiscal year ends December 31
Cushman & Wakefield Ltd.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$11.04−0.26 (-2.30%)
Close on Oct 19, 2026
- Market cap
- $2.61B
- P/E (TTM)
- 36.8
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
96.2%
226M of 235M shares
Institutional holders
310
40 new, 53 sold out
Net institutional buying
15M
In Q2 2026
Insider trades, 12 months
0 buys · 5 sales
Net sold $988.63K
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 |
|---|---|---|---|---|
| BlackRock, Inc. | 33,451,608 | 14.30% | 13G (passive) amendment | Jun 30, 2026 |
| Vanguard Portfolio Management | 24,287,319 | 10.48% | 13G (passive) | Jan 30, 2026 |
| Vaughan Nelson Investment Management, L.P. | 13,673,808 | 5.96% | 13G (passive) | Dec 31, 2024 |
| Dimensional Fund Advisors LP | 12,850,956 | 5.50% | 13G (passive) | Dec 31, 2025 |
| Vanguard Capital Management | 12,152,634 | 5.24% | 13G (passive) | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of CWK | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 33,775,641 | 14.39% | $452.26M | +11,095,998 | 0.01% |
| Vanguard Portfolio Management LLC | 24,740,118 | 10.54% | $331.27M | +373,553 | 0.01% |
| Dimensional Fund Advisors LP | 13,795,847 | 5.88% | $184.73M | +546,999 | 0.03% |
| Vanguard Capital Management LLC | 10,479,678 | 4.46% | $140.32M | +91,419 | 0.00% |
| State Street Corp | 9,568,231 | 4.08% | $128.12M | +435,915 | 0.00% |
| Vaughan Nelson Investment Management, L.P. | 9,253,218 | 3.94% | $123.90M | +205,207 | 1.10% |
| FMR LLC | 8,891,394 | 3.79% | $119.06M | +508,608 | 0.01% |
| Eurizon Capital SGR S.p.A. | 6,761,299 | 2.88% | $91.30M | +1,771,393 | 0.24% |
| JPMorgan Chase & Co | 6,670,589 | 2.84% | $91.80M | +415,899 | 0.01% |
| Geode Capital Management, LLC | 6,600,040 | 2.81% | $88.39M | +432,000 | 0.00% |
| Channing Capital Management, LLC | 5,569,100 | 2.37% | $74.57M | +108,472 | 1.72% |
| Victory Capital Management Inc | 5,182,995 | 2.21% | $69.40M | +343,455 | 0.04% |
| Invesco Ltd. | 5,094,442 | 2.17% | $68.21M | +2,501,093 | 0.01% |
| Brown Advisory Inc | 4,819,608 | 2.05% | $64.53M | +16,085 | 0.10% |
| Ameriprise Financial Inc | 3,688,812 | 1.57% | $49.39M | +403,406 | 0.01% |
| Northern Trust Corp | 3,177,910 | 1.35% | $42.55M | +117,634 | 0.00% |
| Charles Schwab Investment Management Inc | 2,945,791 | 1.26% | $39.44M | +195,794 | 0.01% |
| Bank Of America Corp /De/ | 2,416,764 | 1.03% | $32.36M | +290,324 | 0.00% |
| Nuveen, LLC | 2,361,286 | 1.01% | $31.62M | +97,643 | 0.01% |
| Frontier Capital Management Co LLC | 2,305,984 | 0.98% | $30.88M | −504,959 | 0.29% |
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 | 310 | 226M | 96.2% | 40 / 131 | 98 / 53 | 31M | 17M |
| Q1 2026 | 328 | 213M | 90.7% | 71 / 118 | 103 / 40 | 60M | 22M |
| Q4 2025 | 301 | 211M | 90.1% | 300 / 1 | 0 / 0 | 211M | 0M |
| Q3 2025 | 1 | 0M | 0.0% | 0 / 0 | 0 / 0 | 0M | 0M |
| Q2 2025 | 1 | 0M | 0.0% | 1 / 0 | 0 / 0 | 0M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of CWK | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Real Estate Index Fund | 8,816,765 | 3.76% | $118.32M | 0.16% | Jul 31, 2026 |
| Vanguard Total Stock Market Index Fund | 7,372,331 | 3.14% | $98.72M | 0.00% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 5,317,913 | 2.27% | $71.21M | 0.04% | Jun 30, 2026 |
| Vanguard Small-Cap Value Index Fund | 3,364,674 | 1.43% | $45.05M | 0.07% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 2,683,211 | 1.14% | $35.93M | 0.04% | Jun 30, 2026 |
| Brown Advisory Small-Cap Fundamental Value Fund | 2,241,435 | 0.95% | $30.01M | 2.43% | Jun 30, 2026 |
| Dimensional U.S. Targeted Value ETF | 1,690,051 | 0.72% | $22.68M | 0.16% | Jul 31, 2026 |
| Vanguard Tax-Managed Small-Cap Fund | 1,569,053 | 0.67% | $21.01M | 0.18% | Jun 30, 2026 |
| Vanguard Real Estate Ii Index Fund | 1,547,443 | 0.66% | $20.77M | 0.19% | Jul 31, 2026 |
| Invesco Main Street Small Cap Fund | 1,261,403 | 0.54% | $16.89M | 0.63% | Jun 30, 2026 |
| Bridge Builder Small/Mid Cap Value Fund | 1,225,462 | 0.52% | $16.41M | 0.16% | Jun 30, 2026 |
| Dimensional US Small Cap Value ETF | 1,204,354 | 0.51% | $16.16M | 0.20% | Jul 31, 2026 |
| Vanguard Russell 2000 Index Fund | 1,189,915 | 0.51% | $14.80M | 0.08% | May 31, 2026 |
| Invesco S&P SmallCap 600 Revenue ETF | 948,541 | 0.40% | $11.80M | 0.63% | May 31, 2026 |
| College Retirement Equities Fund - Total Global Stock Account | 917,298 | 0.39% | $12.28M | 0.01% | Jun 30, 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 |
|---|---|---|---|---|
| Michelle Mackay | Chief Executive Officer, Director | 485,838 | 0.21% | Jul 6, 2026 |
| Nathaniel Robinson | See Remarks | 58,376 | 0.02% | Sep 10, 2026 |
| Laurida Sayed | See Remarks | 5,461 | 0.00% | Aug 17, 2026 |
| Andrew R. McDonald | See Remarks | 461,066 | 0.20% | Jul 6, 2026 |
| Noelle J. Perkins | See Remarks | 104,520 | 0.04% | Jul 6, 2026 |
| Neil O. Johnston | See Remarks | 317,017 | 0.14% | Mar 2, 2026 |
| Timothy H. Wennes | Director | 11,873 | 0.01% | Aug 3, 2026 |
| Susan Daimler | Director | 11,873 | 0.01% | Aug 3, 2026 |
| Michelle Felman | Director | 44,857 | 0.02% | Jun 2, 2026 |
| Stephen D. Plavin | Director | 0 | – | May 18, 2026 |
| Billie Ida Williamson | Director | 106,005 | 0.05% | May 18, 2026 |
| Rajesh Vennam | Director | 35,516 | 0.02% | May 18, 2026 |
| Angela Sun | Director | 63,511 | 0.03% | May 18, 2026 |
| Jodie W. McLean | Director | 88,836 | 0.04% | May 18, 2026 |
| Jennifer J. McPeek | Director | 35,516 | 0.02% | May 18, 2026 |
| W. Brett White | Director | 1,645,704 | 0.70% | May 19, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Nathaniel Robinson See Remarks | Sep 8, 2026 | Sale | −12,500 | $13.39 | $167.38K | 58,376 |
| Laurida Sayed See Remarks | Aug 13, 2026 | Sale | −16,000 | $13.88 | $222.08K | 5,461 |
| Timothy H. Wennes Director | Aug 1, 2026 | Option exercise | +11,873 | $13.42 | $159.34K | 11,873 |
| Susan Daimler Director | Aug 1, 2026 | Option exercise | +11,873 | $13.42 | $159.34K | 11,873 |
| Michelle Mackay Chief Executive Officer, Director | Jul 1, 2026 | Tax withholding | −73,706 | $13.84 | $1.02M | 485,838 |
| Michelle Mackay Chief Executive Officer, Director | Jul 1, 2026 | Option exercise | +133,283 | – | – | 559,544 |
| Michelle Mackay Chief Executive Officer, Director | Jul 1, 2026 | Tax withholding | −13,803 | $13.84 | $191.03K | 426,261 |
| Michelle Mackay Chief Executive Officer, Director | Jul 1, 2026 | Option exercise | +24,960 | – | – | 440,064 |
| Noelle J. Perkins See Remarks | Jul 1, 2026 | Option exercise | +30,563 | – | – | 104,520 |
| Noelle J. Perkins See Remarks | Jul 1, 2026 | Tax withholding | −13,540 | $13.84 | $187.39K | 90,980 |
| Noelle J. Perkins See Remarks | Jul 1, 2026 | Tax withholding | −72,299 | $13.84 | $1.00M | 181,884 |
| Noelle J. Perkins See Remarks | Jul 1, 2026 | Option exercise | +163,203 | – | – | 254,183 |
| Andrew R. McDonald See Remarks | Jul 1, 2026 | Option exercise | +10,697 | – | – | 461,066 |
| Andrew R. McDonald See Remarks | Jul 1, 2026 | Tax withholding | −5,443 | $13.84 | $75.33K | 455,623 |
| Andrew R. McDonald See Remarks | Jul 1, 2026 | Tax withholding | −29,063 | $13.84 | $402.23K | 483,680 |
| Andrew R. McDonald See Remarks | Jul 1, 2026 | Option exercise | +57,120 | – | – | 512,743 |
| Nathaniel Robinson See Remarks | Jun 4, 2026 | Sale | −24,828 | $13.25 | $328.97K | 70,876 |
| Michelle Felman Director | Jun 1, 2026 | Gift | +17,013 | – | – | 44,857 |
| Michelle Felman Director | Jun 1, 2026 | Gift | −17,013 | – | – | 0 |
| Jodie W. McLean Director | May 15, 2026 | Option exercise | +17,013 | – | – | 88,836 |
| Angela Sun Director | May 15, 2026 | Option exercise | +17,013 | – | – | 63,511 |
| Michelle Felman Director | May 15, 2026 | Option exercise | +17,013 | – | – | 17,013 |
| Rajesh Vennam Director | May 15, 2026 | Option exercise | +17,013 | – | – | 35,516 |
| Billie Ida Williamson Director | May 15, 2026 | Option exercise | +17,013 | – | – | 106,005 |
| Jennifer J. McPeek Director | May 15, 2026 | Option exercise | +17,013 | – | – | 35,516 |
| Nathaniel Robinson See Remarks | May 12, 2026 | Sale | −10,000 | $13.52 | $135.20K | 95,704 |
| Nathaniel Robinson See Remarks | Mar 3, 2026 | Sale | −10,000 | $13.50 | $135.00K | 105,704 |
| Andrew R. McDonald See Remarks | Feb 27, 2026 | Option exercise | +53,921 | – | – | 477,805 |
| Andrew R. McDonald See Remarks | Feb 27, 2026 | Tax withholding | −27,436 | $13.41 | $367.92K | 450,369 |
| Neil O. Johnston See Remarks | Feb 27, 2026 | Tax withholding | −13,724 | $13.41 | $184.04K | 317,017 |
| Neil O. Johnston See Remarks | Feb 27, 2026 | Option exercise | +30,812 | – | – | 330,741 |
| Nathaniel Robinson See Remarks | Feb 27, 2026 | Tax withholding | −3,957 | $13.41 | $53.06K | 115,704 |
| Nathaniel Robinson See Remarks | Feb 27, 2026 | Option exercise | +14,005 | – | – | 119,661 |
| Laurida Sayed See Remarks | Feb 27, 2026 | Option exercise | +5,602 | – | – | 23,116 |
| Laurida Sayed See Remarks | Feb 27, 2026 | Tax withholding | −1,655 | $13.41 | $22.19K | 21,461 |
| Michelle Mackay Chief Executive Officer, Director | Feb 27, 2026 | Tax withholding | −56,152 | $13.41 | $753.00K | 415,104 |
| Michelle Mackay Chief Executive Officer, Director | Feb 27, 2026 | Option exercise | +101,540 | – | – | 471,256 |
| Noelle J. Perkins See Remarks | Feb 27, 2026 | Tax withholding | −4,514 | $13.41 | $60.53K | 73,957 |
| Noelle J. Perkins See Remarks | Feb 27, 2026 | Option exercise | +15,406 | – | – | 78,471 |
| Michelle Mackay Chief Executive Officer, Director | Feb 25, 2026 | Tax withholding | −112,191 | $13.76 | $1.54M | 369,716 |
| Michelle Mackay Chief Executive Officer, Director | Feb 25, 2026 | Option exercise | +202,877 | – | – | 481,907 |
| Andrew R. McDonald See Remarks | Feb 25, 2026 | Tax withholding | −94,764 | $13.76 | $1.30M | 423,884 |
| Andrew R. McDonald See Remarks | Feb 25, 2026 | Option exercise | +186,249 | – | – | 518,648 |
| Nathaniel Robinson See Remarks | Feb 25, 2026 | Option exercise | +53,213 | – | – | 118,614 |
| Nathaniel Robinson See Remarks | Feb 25, 2026 | Tax withholding | −12,958 | $13.76 | $178.30K | 105,656 |
| Neil O. Johnston See Remarks | Feb 25, 2026 | Tax withholding | −58,141 | $13.76 | $800.02K | 299,929 |
| Neil O. Johnston See Remarks | Feb 25, 2026 | Option exercise | +146,337 | – | – | 358,070 |
| Nathaniel Robinson See Remarks | Feb 23, 2026 | Tax withholding | −2,871 | $12.93 | $37.12K | 65,401 |
| Nathaniel Robinson See Remarks | Feb 23, 2026 | Option exercise | +9,966 | – | – | 68,272 |
| Michelle Mackay Chief Executive Officer, Director | Feb 23, 2026 | Option exercise | +37,992 | – | – | 300,033 |
| Michelle Mackay Chief Executive Officer, Director | Feb 23, 2026 | Tax withholding | −21,003 | $12.93 | $271.57K | 279,030 |
| Neil O. Johnston See Remarks | Feb 23, 2026 | Option exercise | +27,405 | – | – | 220,132 |
| Neil O. Johnston See Remarks | Feb 23, 2026 | Tax withholding | −8,399 | $12.93 | $108.60K | 211,733 |
| Andrew R. McDonald See Remarks | Feb 23, 2026 | Tax withholding | −17,937 | $12.93 | $231.93K | 332,399 |
| Andrew R. McDonald See Remarks | Feb 23, 2026 | Option exercise | +34,878 | – | – | 350,336 |
| Laurida Sayed See Remarks | Feb 23, 2026 | Option exercise | +2,492 | – | – | 18,377 |
| Laurida Sayed See Remarks | Feb 23, 2026 | Tax withholding | −863 | $12.93 | $11.16K | 17,514 |
| Noelle J. Perkins See Remarks | Feb 22, 2026 | Option exercise | +14,985 | – | – | 67,820 |
| Noelle J. Perkins See Remarks | Feb 22, 2026 | Tax withholding | −4,755 | $13.33 | $63.38K | 63,065 |
| Laurida Sayed See Remarks | Feb 22, 2026 | Tax withholding | −2,306 | $13.33 | $30.74K | 15,885 |
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 |
|---|---|---|---|---|---|
| Nathaniel Robinson Officer | Sep 8, 2026 | 12,500 | $167.42K | Sep 8, 2026 | Restricted Stock Vesting |
| Laurida Sayed Officer | Aug 13, 2026 | 16,000 | $222.08K | Aug 13, 2026 | Restricted Stock Vesting |
| Nathaniel Robinson Officer | Jun 4, 2026 | 24,828 | $328.97K | Jun 4, 2026 | Restricted Stock Vesting |
| Nathaniel Robinson Officer | May 12, 2026 | 10,000 | $135.23K | May 12, 2026 | Restricted Stock Vesting |
| Nathaniel Robinson Officer | Mar 3, 2026 | 10,000 | $135.00K | Mar 3, 2026 | Restricted Stock Vesting |
| Angela Sun Director | Sep 5, 2025 | 6,800 | $108.94K | Sep 5, 2025 | Restricted Stock Vesting |
| Nathaniel Robinson Officer | Mar 1, 2024 | 40,000 | $399.63K | Feb 29, 2024 | Restricted Stock Vesting |
| Drone Holding GP I. Ltd PAGAC Affiliate | Mar 1, 2024 | 4,259,263 | $41.49M | Feb 29, 2024 | Acquired upon exchange of shares from predecessor, DTZ Jersey Holdings Limited, for shares in predecessor previously acquired for cash. Shares initially held indirectly through DTZ Investment Holdings |
| Nathaniel Robinson Officer | Feb 29, 2024 | 40,000 | $399.63K | Feb 29, 2024 | Restricted Stock Vesting |
| TPG Drone Co-Invest, L.P. Shareholder | Feb 29, 2024 | 2,345,578 | $23.01M | Feb 29, 2024 | The Ordinary Shares reported herein were acquired on October 4, 2018 in a pro rata distribution in kind from an affiliate of the Seller that originally acquired the shares from the Issuer. |
| TPG Drone Investment, L.P. Shareholder | Feb 29, 2024 | 5,389,376 | $52.87M | Feb 29, 2024 | The Ordinary Shares reported herein were acquired on October 4, 2018 in a pro rata distribution in kind from an affiliate of the Seller that originally acquired the shares from the Issuer. |
| Nathaniel Robinson Officer | Dec 8, 2023 | 20,000 | $175.80K | Dec 8, 2023 | Restricted Stock Vesting |
| Drone Holding GP I. Ltd PAGAC Affiliate | Nov 29, 2023 | 3,000,000 | $24.96M | Nov 29, 2023 | Acquired upon exchange of shares from predecessor, DTZ Jersey Holdings Limited, for shares in predecessor previously acquired for cash. Shares initially held indirectly through DTZ Investment Holdings |
| TPG Drone Investment, L.P. Shareholder | Nov 7, 2023 | 6,967,560 | $56.44M | Nov 7, 2023 | The Ordinary Shares reported herein were acquired on October 4, 2018 in a pro rata distribution in kind from an affiliate of the Seller that originally acquired the shares from the Issuer. |
| TPG Drone Co-Invest, L.P. Shareholder | Nov 7, 2023 | 3,032,440 | $24.56M | Nov 7, 2023 | The Ordinary Shares reported herein were acquired on October 4, 2018 in a pro rata distribution in kind from an affiliate of the Seller that originally acquired the shares from the Issuer. |