BlackRock Unit Discloses 7.3 Million CDW Shares, A 5.9% Passive Stake
BlackRock Portfolio Management LLC says it holds the CDW position in the ordinary course of business, not to influence control.
BlackRock Portfolio Management LLC, a unit of the asset manager BlackRock, holds 7,321,055 shares of CDW, or 5.9% of the common stock, according to a passive ownership disclosure filed Tuesday. The position is measured as of September 30.
A passive 5.9% position
Of the shares, 7,167,783 carry sole voting power, and none carry shared voting power, the filing shows. The filer certified that the shares were acquired and are held in the ordinary course of business, not to change or influence control of CDW.
The filing reflects holdings of certain BlackRock business units. An exhibit lists the BlackRock subsidiaries whose holdings are included.
The filing also says various persons have the right to receive dividends or sale proceeds from the stock, and that no one person's interest exceeds 5% of the outstanding shares.
The IT reseller behind the ticker
CDW, based in Vernon Hills, Illinois, sells information technology products and services to business, government, education and healthcare customers in the US, UK and Canada. It resells hardware and software from more than 1,000 vendor partners and had 2025 net sales of $22,424.1 million, according to its annual report.
Its shares traded at $160.88 in Tuesday trading, down 1.44% from the prior close of $163.23, giving it a market value of $20.4 billion.
Up 24% this year
CDW shares have climbed about 24% so far this year, according to a Yahoo Finance commentary by Bailey Pemberton. It put the company's free cash flow over the last twelve months at $850.5 million.
The commentary also noted that CDW appointed former Deloitte executive Sam Balaji to its board, citing his experience in AI, cloud and cybersecurity.
The company's own filings put the US at about 90% of its net sales.
Sources
- SCHEDULE 13G — BlackRock Portfolio Management LLC re: CDW Corp (CDW) — SEC EDGAR
- SCHEDULE 13G Exhibit 99 — SEC EDGAR
- CDW (CDW) Stock May Be 25% Undervalued Despite Boardroom AI News — Yahoo Finance
- CDW Holding to acquire 95% indirect stake in Japanese R&D firm — The Edge Malaysia
- Dayen Environmental, CDW Holding issue loss warnings — The Edge Malaysia
- Is Dell Technologies (DELL) Stock Outpacing Its Computer and Technology Peers This Year? — Yahoo Finance
