In this article, we discuss the 5 important stocks in billionaire Richard Chilton’s latest portfolio. If you want to read our analysis of Chilton Investment Company’s historical performance, go directly to 10 Important Stocks in Billionaire Richard Chilton’s Latest Portfolio.
5. CDW Corporation (NASDAQ:CDW)
Chilton Investment Company’s Stake Value: $266,000
Percentage of Chilton Investment Company’s 13F Portfolio: 0%
Number of Hedge Fund Holders: 41
CDW Corporation (NASDAQ:CDW) is a Lincolnshire, Illinois-based firm that provides tech solutions to government institutions, enterprises, healthcare, and the education sector. The billionaire currently holds 1487 shares in the company at an average quarterly share price of $182.98.
In Q1 2022, CDW Corporation (NASDAQ:CDW) posted an EPS Normalized Actual of $2.20, beating the analysts’ estimates by $0.18. Moreover, the company surpassed the revenue estimates by $277.74 million.
There was a considerable increase in short interest in CDW Corporation (NASDAQ:CDW) during May. As of May 31, the short interest added up to 1,470,000 shares, reflecting an increase of 40% from the number of shares short on May 15.
CDW Corporation (NASDAQ:CDW) was mentioned in the Q1 2022 investor letter of Polen Capital. Here’s what the firm said:
“We sold CDW from the Portfolio to make room for companies we believed offer more attractive risk/reward profiles. CDW is a high-quality company that continues to execute well. It has exceeded the pace of U.S. information technology spending, gained market share globally, and further penetrated the higher-end services that its customers need. That said, the company is at the upper end of our market-cap range, and we believe it no longer offers the compelling return potential we look for, given its lower-growth profile, vulnerability to supply chain issues, tight margins, and premium multiple to peers.”
Of the 912 hedge funds in Insider Monkey’s database, 41 funds held a stake in CDW Corporation (NASDAQ:CDW) as of Q1 2022.