Jill M. Billhorn

CDW

SEE REMARKS · CDW CORP · CIK 0001761949

FILING MIX · LIFETIME40%/60%

BUYS

SELLS

TOTAL VALUE

$312.1K

COMPANIES

ACTIVE SINCE

Feb 2020

HOLDINGS NOW

14,930

AVG SELL PX

$129.94

Trades · vs SPY

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Performance · forward returns vs SPY

2 backtested trades · 8 horizons

Forward-return performance of every backtestable P/S trade by Jill M. Billhorn, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.

HORIZON	TRADES	WIN RATE	INSIDER RETURN	SPY RETURN	MEAN EXCESS	MEDIAN EXCESS	T-STAT
7d	2	+0.00%	+0.75%	+0.56%	+0.19%	+0.19%	—
14d	2	+50.00%	-2.54%	-2.72%	+0.18%	+0.18%	—
30d	2	+50.00%	-4.65%	-5.56%	+0.92%	+0.92%	—
60d	2	+50.00%	-7.45%	-4.38%	-3.07%	-3.07%	—
90d	2	+50.00%	-8.56%	+0.34%	-8.90%	-8.90%	—
180d	2	+50.00%	+7.83%	+10.60%	-2.77%	-2.77%	—
1y	2	+0.00%	+39.03%	+30.92%	+8.11%	+8.11%	—
2y	2	+0.00%	+47.01%	+36.49%	+10.52%	+10.52%	—

How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.

Holdings over time

CDW · 14,929.79 shares · as of May 11, 2020

Trading cadence · quarterly flow

BUY ● SELL ●

2020

FLOW · 2 buys / 3 sellsCOVERAGE · 2 quarters

Form 4 filings · all activity

COMPANY	TYPE	SHARES	PRICE	VALUE	HELD AFTER	TRADE DATE	FILED
CDW CDW CORP	SALE See Remarks	500	$106.97	$53.5K	14,929.79	May 11, 2020	May 12, 2020 ↗
CDW CDW CORP	PURCHASEGRANT Stock grant	11,143	—	—	11,143	Mar 9, 2020	Mar 11, 2020 ↗
CDW CDW CORP	SALE See Remarks	500	$136.00	$68.0K	15,429.79	Feb 12, 2020	Feb 12, 2020 ↗
CDW CDW CORP	SALE See Remarks	1,402	$135.97	$190.6K	15,929.79	Feb 10, 2020	Feb 12, 2020 ↗
CDW CDW CORP	PURCHASEGRANT Stock grant	3,076.32	—	—	17,331.79	Feb 10, 2020	Feb 12, 2020 ↗

Other insiders · CDW

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About this filer

CIK 0001761949

ROLE

See Remarks

PRIMARY

CDW

COMPANIES

ACTIVE SINCE

Feb 2020

MARKETPEEL · /INSIDER/0001761949DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE

Jill M. Billhorn

The morning brief, before the bell.