Value investor Richard Pzena's firm, Pzena Investment Management, significantly increased its position in technology solutions provider CDW Corp. According to quarterly securities filings, the firm's holding grew by over 136% to 2.64 million shares. This disclosure reflects trading activity that occurred during the second quarter of 2026, with the total reported value of the stake rising to $371.13 million by the end of June.
This investment aligns with commentary from Pzena's strategy team, who believe market fears about artificial intelligence disrupting CDW's business are exaggerated. The firm has suggested that CDW is in a strong position to help clients integrate AI, potentially benefiting from its adoption rather than being harmed by it. The move was made before CDW reported second-quarter earnings that surpassed analyst expectations in early August.