13F

Position

Select Equity Group, L.P. in CDW Corp

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Estimated mark uses implied 13F prices (value ÷ shares). Adds are treated as happening at this quarter’s mark; cuts at last quarter’s. Share jumps can be splits, not buys. This is not realized P&L.

Latest estimated mark −$18.2M$136.20$121.02

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 20252.28M$310.2M1.3%
Q1 20261.2M$144.7M$121.02−$18.2M−$147.3M0.7%