Local Pensions Partnership Investment 13F: Cuts CDW Stake by $2.6M
Key Points
- Local Pensions Partnership reduced its stake in CDW Corporation by 20,000 shares, valued at about $2.56 million.
- Local Pensions Partnership Investment held 139,176 $CDW shares at quarter end, down 12.56% from the prior quarter.
- CDW shares recently traded around $163.23, which is about equal to the filing date close and above its 50-day and 200-day moving averages.
- The company has a market cap of approximately $20.4 billion and is set to report its next earnings on November 4, 2026.
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Local Pensions Partnership Investment cut its stake in CDW Corporation (CDW) by 20,000 shares, bringing its total holdings down to 139,176 shares. This reduction is valued at approximately $2.56 million, according to its latest Form 13F filing with the SEC on October 26, 2026.
In its filing, Local Pensions Partnership reported a 12.6% decrease in its position. After the sale, the reported value of its stake in CDW is about $17.8 million, which makes up 0.55% of its total portfolio. The fund ranks 18th among its 33 reported positions.
CDW
CDW Corporation
Where CDW Fits in Local Pensions Partnership's Portfolio
Local Pensions Partnership's position in CDW represents a relatively small portion of its total reported value of $3.22 billion.
CDW Corporation Stock Down 1.1%
CDW shares closed at $163.23 on October 26, 2026, the same price as the following day. They are currently above their 50-day moving average by 12.5% and above their 200-day average by 23.1%. However, they are slightly below their 52-week high of $166.15, indicating some recent volatility in the stock price.
Recent Earnings
CDW reported trailing twelve-month revenue of approximately $23.5 billion, with an EPS of $8.32. The company has seen a year-over-year revenue growth of 10.0%. Its next earnings report is scheduled for November 4, 2026, which could provide further insights into its performance.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 target cuts vs 0 raises.
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EPS & revenue
EPS missed estimates by 1.2%. Revenue beat estimates by 2.7%.
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Profit surprise
EBITDA missed by 32 percent. Operating income missed by 43 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
5 target cuts.
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Earnings quality
Gross margin down 0.6 points. Positive free cash flow.
Earnings Call Summary
CDW had a strong first quarter with net sales up 9 percent and gross profit up 6 percent, beating revenue expectations by about $147 million but missing earnings per share by 15 cents. The quarter was driven by customer urgency to buy hardware infrastructure, especially servers and networking equipment for AI applications, amid memory pricing uncertainty. Commercial customers led growth at 10 percent, and the company is rolling out AI tools to its sales teams to improve efficiency. Management expects the elevated backlog to support second quarter growth and believes margin pressure from heavy hardware mix will ease in the second half as customers balance spending across services and software.
Guidance CDW expects gross profit to grow low to mid-single digits for all of 2026, now raised from mid-single-digit guidance. Full year non-GAAP earnings per share expected to grow at the high end of mid-single digits. For the second quarter, they expect gross profit to grow high single digits from the first quarter and mid-single digits year over year.
Severe negative reset. The report materially damaged the forward outlook and likely forces major downward revisions.
Insider Buying and Selling at CDW Corporation
On August 7, 2026, Elizabeth H. Connelly, an officer at CDW, sold 26,695 shares at an average price of $137.62, valued at about $3.67 million. This sale occurred before Local Pensions Partnership's recent filing.
Analysts Set New Price Targets
Analysts have maintained various ratings for CDW. On July 13, 2026, Citigroup kept a Neutral rating with a target of $145, while Morgan Stanley maintained an Overweight rating with a target of $171 on August 6. Barclays also maintained its Equal-Weight rating, adjusting its targets between $148 and $150 in September.
About CDW
CDW Corporation provides IT solutions across the U.S., U.K., and Canada. It operates in commercial, government, and education segments, offering a range of hardware, software, and integrated solutions. The company's performance is closely monitored by analysts, given its significant market presence in the technology sector.
Bottom Line
Investors should keep an eye on CDW's upcoming earnings on November 4, 2026, for further insights into its financial health. Additionally, the recent changes in institutional holdings may indicate shifts in investor sentiment towards the stock.
Related Filing Alerts
Source: Local Pensions Partnership Investment's 13F filing on $CDW (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts