SCHEDULE: Vanguard Group Discloses 12.78% Passive Stake in CDW Corp

The Vanguard Group has filed an amended Schedule 13G, reporting a 12.78% beneficial ownership stake in CDW Corp, totaling 16,835,076 shares as of June 30, 2025.

Summary

• The Vanguard Group beneficially owns 16,835,076 shares of CDW Corp/DE Common Stock.
• This ownership represents 12.78% of the class of securities.
• Vanguard holds 0 shares with sole voting power and 157,695 shares with shared voting power.
• Vanguard holds 16,208,489 shares with sole dispositive power and 626,587 shares with shared dispositive power.
• The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of passive beneficial ownership and does not inherently convey positive or negative sentiment regarding the issuer's performance or prospects.

Positives

• The significant stake held by a major institutional investor like The Vanguard Group indicates institutional interest and confidence in CDW Corp.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding CDW Corp's future performance or outlook.

Management Comments

• Ashley Grim, Head of Global Fund Administration for The Vanguard Group, certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of CDW Corp.

Industry Context

Large institutional ownership, such as that reported by The Vanguard Group, is common for publicly traded companies and provides transparency regarding significant passive investment positions in the market.

Stakeholder Impact

• Shareholders benefit from the transparency provided by this filing, which discloses a significant institutional holding in the company.

Key Dates

Keywords

CDW Corp, Vanguard Group, Beneficial Ownership, Schedule 13G, Institutional Investor, Common Stock, Passive Investment