CDW Corporation
MX ˙ BMV ˙ US12514G1085
SecurityMX:CDW / CDW Corporation
InstitutionTwo Sigma Advisers, Lp
Latest Disclosed Ownership238,600 shares
Latest Disclosed Value $ 32,497,320
Two Sigma Advisers, Lp reports 352.75% increase in ownership of CDW / CDW Corporation

On February 17, 2026 - Two Sigma Advisers, Lp filed a 13F-HR form disclosing ownership of 238,600 shares of CDW Corporation (MX:CDW) valued at $32,497,320 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 14, 2025 disclosing 52,700 shares of CDW Corporation. This represents a change in shares of 352.75% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-17 2025-12-31 13F CDW COM 12514G108 238,600 185,900 352.75 32,497 287.15 0.0632
2025-11-14 2025-09-30 13F CDW COM 12514G108 52,700 52,700 8,394 0.0168
2025-08-14 2025-06-30 13F CDW COM 12514G108 0 -7,700 -100.00 0 -100.00
2025-05-15 2025-03-31 13F CDW COM 12514G108 7,700 -67,400 -89.75 1,234 -90.56 0.0028
2025-02-14 2024-12-31 13F CDW COM 12514G108 75,100 72,600 2,904.00 13,070 2,213.27 0.0302
2024-11-14 2024-09-30 13F CDW COM 12514G108 2,500 2,500 566 0.0013
2021-05-17 2021-03-31 13F CDW COM 12514G108 0 -7,700 -100.00 0 -100.00
2021-02-16 2020-12-31 13F CDW COM 12514G108 7,700 -29,600 -79.36 1,015 -77.23 0.0027
2020-11-16 2020-09-30 13F CDW COM 12514G108 37,300 20,200 118.13 4,458 124.36 0.0127
2020-09-15 2020-06-30 13F/A-1 CDW COM 12514G108 17,100 -25,000 -59.38 1,987 -49.40 0.0058
2020-08-14 2020-06-30 13F CDW COM 12514G108 17,100 -25,000 1,987 5,741.7701
2020-05-15 2020-03-31 13F CDW COM 12514G108 42,100 42,100 3,927 0.0150
2020-02-14 2019-12-31 13F CDW COM 12514G108 0 -5,413 -100.00 0 -100.00
2019-11-14 2019-09-30 13F CDW COM 12514G108 5,413 -203,700 -97.41 667 -97.13 0.0016
2019-08-14 2019-06-30 13F CDW COM 12514G108 209,113 -55,900 -21.09 23,212 -9.11 0.0578
2019-05-15 2019-03-31 13F CDW COM 12514G108 265,013 -4,000 -1.49 25,539 17.13 0.0644
2019-02-14 2018-12-31 13F CDW COM 12514G108 269,013 -35,781 -11.74 21,804 -19.55 0.0595
2018-11-14 2018-09-30 13F CDW COM 12514G108 304,794 38,200 14.33 27,102 25.83 0.0661
2018-08-14 2018-06-30 13F CDW COM 12514G108 266,594 219,400 464.89 21,538 549.13 0.0579
2018-05-15 2018-03-31 13F CDW COM 12514G108 47,194 -52,500 -52.66 3,318 -52.11 0.0090
2018-02-14 2017-12-31 13F CDW COM 12514G108 99,694 13,100 15.13 6,928 21.22 0.0187
2017-11-14 2017-09-30 13F CDW COM 12514G108 86,594 -295,662 -77.35 5,715 -76.09 0.0162
2017-08-14 2017-06-30 13F CDW COM 12514G108 382,256 -8,838 -2.26 23,902 5.90 0.0789
2017-05-15 2017-03-31 13F CDW COM 12514G108 391,094 117,604 43.00 22,570 58.43 0.0740
2017-02-14 2016-12-31 13F CDW COM 12514G108 273,490 -113,130 -29.26 14,246 -19.42 0.0545
2016-11-14 2016-09-30 13F CDW COM 12514G108 386,620 -33,980 -8.08 17,680 4.88 0.0753
2016-08-15 2016-06-30 13F CDW COM 12514G108 420,600 -33,300 -7.34 16,858 -10.51 0.0856
2016-05-16 2016-03-31 13F CDW COM 12514G108 453,900 -106,338 -18.98 18,837 -20.02 0.1054
2016-02-16 2015-12-31 13F CDW COM 12514G108 560,238 188,238 50.60 23,552 55.18 0.1404
2015-11-16 2015-09-30 13F CDW COM 12514G108 372,000 135,300 57.16 15,177 87.05 0.0957
2016-02-09 2015-06-30 13F/A-1 CDW COM 12514G108 236,700 -1,300 -0.55 8,114 -8.45 0.0624
2015-08-14 2015-06-30 13F CDW COM 12514G108 235,500 8,073
2016-02-09 2015-03-31 13F/A-1 CDW COM 12514G108 238,000 -72,600 -23.37 8,863 -18.87 0.0680
2015-05-15 2015-03-31 13F CDW COM 12514G108 235,500 8,770
2016-02-09 2014-12-31 13F/A-1 CDW Common Stock 12514G108 310,600 40,100 14.82 10,924 30.06 0.0873
2015-02-17 2014-12-31 13F CDW Common Stock 12514G108 310,400 10,916
2016-02-09 2014-09-30 13F/A-1 CDW COM 12514G108 270,500 95,500 54.57 8,399 50.55 0.0662
2014-11-14 2014-09-30 13F CDW COM 12514G108 272,400 8,453
2016-02-09 2014-06-30 13F/A-1 CDW COMMON STOCK 12514G108 175,000 163,000 1,358.33 5,579 1,595.74 0.0449
2014-08-14 2014-06-30 13F CDW COMMON STOCK 12514G108 175,000 5,579
2014-05-15 2014-03-31 13F CDW Common Stock 12514G108 12,000 12,000 329 0.0030
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.