Oakmark Fund Added CDW (CDW) Citing Diverse Growth Signals

Core Insights - Oakmark Fund's fourth-quarter 2025 investor letter indicates a focus on capital appreciation through investments in large-cap US companies, with the fund outperforming the S&P 500 Index by returning 4.78% compared to the index's 2.66% [1] Company Overview - CDW Corporation (NASDAQ:CDW) is identified as a leading information technology solutions provider, with a market capitalization of $17.641 billion [2] - The stock closed at $134.60 per share on January 13, 2026, with a one-month return of -6.33% and a 52-week gain of 28.20% [2] Performance and Strategy - CDW Corporation's consolidated net sales for Q3 2025 were reported at $5.7 billion, reflecting a 4% increase from Q3 2024 [4] - The company has transitioned from a technology hardware reseller to a comprehensive IT solutions provider, focusing on software and services, which has positively impacted its margins [3] - The strong corporate culture at CDW, exemplified by its skilled account managers and technology consultants, has been crucial in attracting and retaining customers [3] Market Position - Despite CDW's significant role in the IT ecosystem, the challenging environment for IT service and hardware resellers has negatively affected its share price, presenting a buying opportunity at a compelling valuation [3] - CDW Corporation is not among the 30 most popular stocks among hedge funds, although the number of hedge fund portfolios holding the stock increased from 44 to 48 in the last quarter [4]