FMR LLC & Abigail Johnson Disclose 5.945% Passive Stake in CDW Corp
Ticker: CDW · Form: SC 13G · Filed: Feb 9, 2024 · CIK: 1402057
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-stake, SC-13G
TL;DR
**FMR LLC just revealed a 5.945% stake in CDW Corp, signaling institutional confidence.**
AI Summary
FMR LLC, a major investment management firm, and its principal owner, Abigail P. Johnson, have disclosed a significant passive stake in CDW Corp, a technology solutions provider. As of December 31, 2023, FMR LLC beneficially owns 7,964,083 shares of CDW Corp's common stock, representing 5.945% of the company. This matters to investors because it signals that a large, sophisticated institutional investor sees value in CDW, potentially indicating confidence in its future performance.
Why It Matters
This filing shows a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, have a substantial stake in CDW Corp, which can be seen as a vote of confidence in the company's prospects.
Risk Assessment
Risk Level: low — This is a passive filing by a large institutional investor, indicating a long-term holding rather than an activist position, which generally carries lower risk.
Analyst Insight
A smart investor would view this as a positive signal, suggesting that a major institutional player sees long-term value in CDW Corp, and might consider further research into CDW's fundamentals.
Key Numbers
- 7,964,083 — Shares Beneficially Owned (Total common shares of CDW Corp owned by FMR LLC and Abigail P. Johnson)
- 5.945% — Percent of Class (Percentage of CDW Corp's common stock beneficially owned by FMR LLC and Abigail P. Johnson)
- 0 — Sole Power to Vote (Number of shares over which Abigail P. Johnson has sole voting power)
- 0 — Shared Power to Vote (Number of shares over which Abigail P. Johnson has shared voting power)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person and principal owner of FMR LLC
- CDW Corp (company) — issuer of the common stock
- Vernon Hills, IL (company) — location of CDW Corp's principal executive offices
- Boston, MA (company) — location of FMR LLC's principal business office
Forward-Looking Statements
- FMR LLC will maintain its passive stake in CDW Corp for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
- CDW Corp's stock price may see a slight positive sentiment boost due to institutional confidence. (CDW Corp) — medium confidence, target: 2024-03-09
FAQ
Who are the primary reporting persons in this SC 13G filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for each reporting person.
What percentage of CDW Corp's common stock does FMR LLC beneficially own?
FMR LLC beneficially owns 5.945% of CDW Corp's common stock, as detailed in Item 11 on the cover page and Item 4(b) of the filing.
How many shares of CDW Corp common stock are beneficially owned by FMR LLC and Abigail P. Johnson?
Both FMR LLC and Abigail P. Johnson beneficially own 7,964,083 shares of CDW Corp common stock, as indicated in Item 7 and Item 9 on their respective cover pages and Item 4(a) for FMR LLC.
What is the CUSIP number for CDW Corp's common stock mentioned in this filing?
The CUSIP number for CDW Corp's common stock is 12514G108, as stated in the filing's header and Item 2(e).
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box on the first page and Item 3, where FMR LLC is identified as a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G).
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding CDW Corp (CDW).