CDW Corporation (CDW) has Solid Business Economics

Artisan Partners, an investment management company, released its “Artisan Mid Cap Value Fund” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the quarter, the fund’s Investor Class fund ARTQX returned 0.26%, Advisor Class fund APDQX posted a return of 0.26%, and Institutional Class fund APHQX returned 0.33%, compared to a 5.35% return for the Russell Midcap Value Index. Equity markets experienced heightened volatility followed by the announcement and subsequent pause of the so-called “Liberation Day” tariffs. The portfolio underperformed in the quarter due to the market’s preference for growth and the outperformance of more cyclical sectors and industries. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its second-quarter 2025 investor letter, Artisan Mid Cap Value Fund highlighted stocks such as CDW Corporation (NASDAQ:CDW). CDW Corporation (NASDAQ:CDW) is an information technology (IT) solutions provider. The one-month return of CDW Corporation (NASDAQ:CDW) was -4.88%, and its shares lost 25.66% of their value over the last 52 weeks. On August 28, 2025, CDW Corporation (NASDAQ:CDW) stock closed at $165.87 per share, with a market capitalization of $21.739 billion.

Artisan Mid Cap Value Fund stated the following regarding CDW Corporation (NASDAQ:CDW) in its second quarter 2025 investor letter:

“There’s an oft-repeated phrase by investors, “You can have good news, or you can have good prices, but you can’t have both.” While falling markets can be uncomfortable while they are occurring, we’ve seen time and time again that these periods can present favorable buying opportunities. In Q2, Liberation Day tariffs were the metaphorical bad news that created good prices. In fact, the steep drop in the stock market presented us with an opportunity to be much more active than we had been for some time. In April, we made four new purchases, which compares to just one in the entire Q1. In addition to adding Pinterest and Ferguson in April, we also initiated new positions in Align Technology and CDW Corporation (NASDAQ:CDW).