CORE & MAIN INC CNM
CL A · Common Stock · CUSIP 21874C102 · ISIN US21874C1027
Infrastructure (water, wastewater, storm drainage and fire protection) limited partnership company
- SectorIndustrials
- IndustryWholesale-Durable Goods, NEC
- HeadquartersSt. Louis, MO
- Founded2017
- Websitecoreandmain.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($5.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $53.82. Options: 22 managers hold calls ($104.0m notional), 12 hold puts ($26.7m).
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 170 |
| Q4 2022 | 168 |
| Q1 2023 | 181 |
| Q2 2023 | 224 |
| Q3 2023 | 266 |
| Q4 2023 | 365 |
| Q1 2024 | 431 |
| Q2 2024 | 421 |
| Q3 2024 | 390 |
| Q4 2024 | 416 |
| Q1 2025 | 423 |
| Q2 2025 | 448 |
| Q3 2025 | 429 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2023 | 240 | 115 |
| Q1 2024 | 276 | 156 |
| Q2 2024 | 220 | 216 |
| Q3 2024 | 193 | 240 |
| Q4 2024 | 208 | 191 |
| Q1 2025 | 195 | 218 |
| Q2 2025 | 210 | 217 |
| Q3 2025 | 204 | 236 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $29.5m | $20.2m | 0.68 |
| Q1 2025 | $44.5m | $32.7m | 0.74 |
| Q2 2025 | $72.5m | $23.7m | 0.33 |
| Q3 2025 | $104.0m | $26.7m | 0.26 |
Biggest buyers
| Capital World Investors | Added | +4.4m |
| AMF Tjanstepension AB | New | +2.1m |
| Holocene Advisors, LP | New | +1.9m |
| JPMORGAN CHASE & CO | Added | +1.8m |
| Zurich Insurance Group Ltd/FI | New | +1.2m |
| Schonfeld Strategic Advisors LLC | Added | +1.0m |
| Bornite Capital Management LP | New | +1.0m |
| ACK Asset Management LLC | New | +900.0k |
| DENDUR CAPITAL LP | New | +898.0k |
| MILLENNIUM MANAGEMENT LLC | Added | +810.2k |
Biggest sellers
| MORGAN STANLEY | Reduced | -2.4m |
| Select Equity Group, L.P. | Reduced | -1.8m |
| Artemis Investment Management LLP | Sold out | -1.7m |
| Anomaly Capital Management, LP | Reduced | -1.3m |
| Amundi | Reduced | -1.0m |
| AMERICAN CENTURY COMPANIES INC | Reduced | -956.1k |
| D1 Capital Partners L.P. | Reduced | -836.0k |
| Point72 Asset Management, L.P. | Reduced | -618.5k |
| Impax Asset Management Group plc | Reduced | -614.8k |
| ROYAL BANK OF CANADA | Reduced | -438.1k |
Biggest calls
| MAPLELANE CAPITAL, LLC | New | $21.5m400.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $14.1m261.6k shares |
| PEAK6 LLC | Added | $10.5m195.2k shares |
| CITADEL ADVISORS LLC | Added | $8.5m158.8k shares |
| Twin Tree Management, LP | Added | $7.5m140.0k shares |
| SIMPLEX TRADING, LLC | Added | $5.6m103.8k shares |
| TIG Advisors, LLC | New | $5.4m100.0k shares |
| GROUP ONE TRADING LLC | Added | $5.2m95.7k shares |
| JANE STREET GROUP, LLC | Reduced | $3.6m66.7k shares |
| Jefferies Financial Group Inc. | Added | $3.2m60.0k shares |
Biggest puts
| Twin Tree Management, LP | Reduced | $8.9m165.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.1m114.0k shares |
| CITADEL ADVISORS LLC | Added | $2.7m50.5k shares |
| IMC-Chicago, LLC | Added | $2.0m36.3k shares |
| SIMPLEX TRADING, LLC | Added | $1.9m36.1k shares |
| TIG Advisors, LLC | New | $1.3m25.0k shares |
| JPMORGAN CHASE & CO | New | $1.1m20.0k shares |
| Pentwater Capital Management LP | New | $1.1m20.0k shares |
| WOLVERINE TRADING, LLC | Added | $627.5k11.7k shares |
| JANE STREET GROUP, LLC | New | $624.4k11.6k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution +0.1 pts · filed 2026-04-07 | 10.1% |
| Capital World Investors 13G · institution new · filed 2026-05-14 | 6.2% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.3% |
Fell to 5% or below in the last year: MORGAN STANLEY (2.7%, 2026-05-11), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC), Select Equity Group, L.P. (4.1%, 2026-02-17)
Insider purchases and sales in Q3 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2023 | 0 | — | 4 | $7.7m | $7.7m |
| Q1 2024 | 0 | — | 7 | $33.5m | $30.6m |
| Q2 2024 | 0 | — | 3 | $9.4m | $9.4m |
| Q3 2024 | 0 | — | 2 | $2.6m | $2.6m |
| Q4 2024 | 0 | — | 4 | $15.9m | $15.9m |
| Q1 2025 | 0 | — | 3 | $12.9m | $12.9m |
| Q2 2025 | 0 | — | 4 | $10.5m | $10.5m |
| Q3 2025 | 0 | — | 5 | $26.3m | $18.6m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-08-18 | Witkowski Mark R Chief Executive Officer, director | Sold plan | $6.4m100.0k shares |
| 2025-07-22 | Bradbury Robyn L Chief Financial Officer | Sold plan | $322.6k5.0k shares |
| 2025-07-18 | Castellano James G Director · By Trust | Sold plan | $2.7m44.0k shares |
| 2025-07-18 | Kimbrough Orvin T Director | Sold plan | $1.5m24.0k shares |
| 2025-07-17 | Witkowski Mark R Chief Executive Officer, director | Sold plan | $6.1m100.0k shares |
| 2025-07-07 | LeClair Stephen O Executive Chair, director | Sold | $2.8m45.0k shares |
| 2025-07-03 | LeClair Stephen O Executive Chair, director | Sold | $5.0m80.0k shares |
| 2025-07-01 | Bradbury Robyn L Chief Financial Officer | Sold plan | $1.5m25.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 19.0m $1.0bn | Reduced -24.9k |
| VANGUARD GROUP INC 0.01% of their portfolio | 17.7m $953.1m | Reduced -121.4k |
| MORGAN STANLEY 0.04% of their portfolio | 13.5m $725.0m | Reduced -2.4m |
| Select Equity Group, L.P. 2.23% of their portfolio | 9.7m $521.7m | Reduced -1.8m |
| Pictet Asset Management Holding SA 0.43% of their portfolio | 8.3m $448.3m | Added +603.3k |
| FMR LLC 0.02% of their portfolio | 6.2m $334.9m | Added +269.9k |
| Capital World Investors 0.04% of their portfolio | 5.9m $320.2m | Added +4.4m |
| STATE STREET CORP 0.01% of their portfolio | 5.7m $305.7m | Reduced -69.9k |
| D1 Capital Partners L.P. 3.20% of their portfolio | 5.2m $278.7m | Reduced -836.0k |
| JANUS HENDERSON GROUP PLC 0.13% of their portfolio | 5.2m $277.7m | Added +317.5k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.59% of their portfolio | 5.1m $272.2m | Added +725.0k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 4.1m $220.8m | Added +1.8m |
| FIRST TRUST ADVISORS LP 0.15% of their portfolio | 3.8m $206.5m | Added +369.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.6m $191.7m | Added +88.0k |
| BESSEMER GROUP INC 0.26% of their portfolio | 3.2m $170.3m | Reduced -208.6k |
| Handelsbanken Fonder AB 0.49% of their portfolio | 2.9m $153.4m | Added +26.8k |
| Invesco Ltd. 0.02% of their portfolio | 2.8m $152.6m | Reduced -217.4k |
| FIDUCIARY MANAGEMENT INC /WI/ 1.48% of their portfolio | 2.7m $146.5m | Added +410.1k |
| SAMLYN CAPITAL, LLC 2.03% of their portfolio | 2.7m $143.2m | Added +147.2k |
| Impax Asset Management Group plc 0.81% of their portfolio | 2.6m $139.6m | Reduced -614.8k |
| Anomaly Capital Management, LP 3.91% of their portfolio | 2.5m $132.9m | Reduced -1.3m |
| KBC Group NV 0.30% of their portfolio | 2.3m $126.3m | Added +324.5k |
| Amundi 0.04% of their portfolio | 2.3m $123.3m | Reduced -1.0m |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 2.3m $124.3m | Added +38.9k |
| SPRUCE HOUSE INVESTMENT MANAGEMENT LLC 2.99% of their portfolio | 2.1m $115.7m | Reduced -300.0k |
| AMF Tjanstepension AB 0.45% of their portfolio | 2.1m $113.9m | New |
| JENNISON ASSOCIATES LLC 0.07% of their portfolio | 2.1m $112.4m | Added +614.6k |
| Liontrust Investment Partners LLP 1.49% of their portfolio | 1.9m $101.8m | Reduced -102.0k |
| RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio | 1.9m $101.5m | Reduced -100.3k |
| Holocene Advisors, LP 0.23% of their portfolio | 1.9m $100.8m | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.8m $98.7m | Added +38.0k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.8m $98.4m | Reduced -428.2k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 1.8m $96.7m | Added +113.9k |
| Interval Partners, LP 2.01% of their portfolio | 1.7m $94.2m | Added +530.9k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.6m $85.0m | Reduced -18.6k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.19% of their portfolio | 1.5m $81.7m | Reduced -21.0k |
| Schonfeld Strategic Advisors LLC 0.52% of their portfolio | 1.4m $74.3m | Added +1.0m |
| Zurich Insurance Group Ltd/FI 0.48% of their portfolio | 1.2m $67.3m | New |
| Camrose Capital Investment Partners LLP 15.61% of their portfolio | 1.2m $67.3m | Added +289.1k |
| Forest Avenue Capital Management LP 5.04% of their portfolio | 1.2m $67.2m | Reduced -255.5k |
| Swedbank AB 0.07% of their portfolio | 1.2m $64.5m | Added +158.0k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 1.2m $63.6m | Added +810.2k |
| CDAM (UK) Ltd 11.29% of their portfolio | 1.2m $62.6m | Reduced -230.6k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.1m $60.9m | Reduced -16.1k |
| Robeco Schweiz AG 1.27% of their portfolio | 1.1m $56.6m | Added +6.5k |
| Bornite Capital Management LP 5.00% of their portfolio | 1.0m $53.8m | New |
| FEDERATED HERMES, INC. 0.09% of their portfolio | 940.4k $50.6m | Added +15.6k |
| TRUIST FINANCIAL CORP 0.07% of their portfolio | 910.1k $49.0m | Added +64.1k |
| Pembroke Management, LTD 4.86% of their portfolio | 909.2k $48.9m | Added +190.9k |
| ACK Asset Management LLC 6.06% of their portfolio | 900.0k $48.4m | New |
| DENDUR CAPITAL LP 5.39% of their portfolio | 898.0k $48.3m | New |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 888.0k $47.8m | Added +565.9k |
| MAPLELANE CAPITAL, LLC 2.25% of their portfolio | 869.0k $46.8m | Added +309.4k |
| Hill City Capital, LP 1.77% of their portfolio | 775.5k $41.7m | Added +1.3k |
| MACKENZIE FINANCIAL CORP 0.05% of their portfolio | 766.0k $41.2m | Reduced -23.7k |
| Balyasny Asset Management L.P. 0.08% of their portfolio | 763.2k $41.1m | Reduced -282.1k |
| FERNBRIDGE CAPITAL MANAGEMENT LP 1.98% of their portfolio | 756.6k $40.7m | Reduced -314.6k |
| Nuveen, LLC 0.01% of their portfolio | 751.2k $40.4m | Reduced -224.0k |
| Allianz Asset Management GmbH 0.05% of their portfolio | 708.0k $38.1m | Reduced -7.0k |
| UBS Group AG 0.01% of their portfolio | 699.3k $37.6m | Reduced -99.5k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.23% of their portfolio | 649.0k $34.9m | Reduced -25.5k |
| Zimmer Partners, LP 0.85% of their portfolio | 645.0k $34.7m | New |
| Davidson Kempner Capital Management LP 0.49% of their portfolio | 645.0k $34.7m | Added +205.0k |
| GOODNOW INVESTMENT GROUP, LLC 3.32% of their portfolio | 643.7k $34.7m | Added +83.8k |
| Border to Coast Pensions Partnership Ltd 0.57% of their portfolio | 604.1k $32.5m | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 587.3k $31.6m | Reduced -309.4k |
| Legal & General Group Plc 0.01% of their portfolio | 579.0k $31.2m | Reduced -58.2k |
| Point72 Asset Management, L.P. 0.07% of their portfolio | 560.3k $30.2m | Reduced -618.5k |
| Local Pensions Partnership Investment Ltd 0.50% of their portfolio | 543.0k $29.2m | Added +80.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 519.3k $28.0m | Reduced -438.1k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 512.5k $27.6m | Reduced -8.5k |
| DF DENT & CO INC 0.35% of their portfolio | 509.2k $27.4m | Reduced -115.5k |
| Raiffeisen Bank International AG 0.35% of their portfolio | 497.1k $26.7m | Added +18.0k |
| FIL Ltd 0.02% of their portfolio | 491.9k $26.5m | Added +131.0k |
| ArrowMark Colorado Holdings LLC 0.47% of their portfolio | 471.2k $25.4m | Reduced -275.8k |
| California Public Employees Retirement System 0.01% of their portfolio | 423.4k $22.8m | Added +57.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 420.6k $22.6m | Reduced -10.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 418.4k $22.5m | Added +104.7k |
| Thematics Asset Management 1.02% of their portfolio | 418.0k $22.5m | Added +54.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio | 417.3k $22.5m | Reduced -28.8k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.03% of their portfolio | 404.0k $21.7m | New |
| CI INVESTMENTS INC. 0.08% of their portfolio | 385.6k $20.8m | Added +3.7k |
| Swiss National Bank 0.01% of their portfolio | 367.7k $19.8m | Added +4.5k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.21% of their portfolio | 336.9k $18.1m | Reduced -46.9k |
| Tribune Investment Group LP 8.74% of their portfolio | 335.0k $18.0m | New |
| Kinetic Partners Management, LP 0.83% of their portfolio | 317.9k $17.1m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 314.9k $17.0m | Reduced -141.1k |
| Freestone Grove Partners LP 0.13% of their portfolio | 313.9k $16.9m | Reduced -109.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 309.9k $16.7m | Added +3.7k |
| MOORE CAPITAL MANAGEMENT, LP 0.33% of their portfolio | 305.6k $16.4m | New |
| PGGM Investments 0.26% of their portfolio | 298.5k $16.1m | Unchanged |
| BLI - Banque de Luxembourg Investments 0.44% of their portfolio | 279.7k $15.0m | Reduced -32.6k |
| Sea Cliff Partners Management, LP 5.71% of their portfolio | 277.0k $14.9m | Reduced -33.0k |
| Hudson Bay Capital Management LP 0.09% of their portfolio | 268.3k $14.4m | New |
| Thrivent Financial for Lutherans 0.03% of their portfolio | 265.8k $14.3m | Added +57.3k |
| Polar Capital Holdings Plc 0.07% of their portfolio | 264.1k $14.2m | Added +32.9k |
| Driehaus Capital Management LLC 0.10% of their portfolio | 259.2k $14.0m | Reduced -253.8k |
| Rockefeller Capital Management L.P. 0.03% of their portfolio | 248.0k $13.3m | New |
| South Street Advisors LLC 1.67% of their portfolio | 237.4k $12.8m | Added +5.0k |
| Tidal Investments LLC 0.05% of their portfolio | 233.0k $12.5m | Added +218.4k |