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LAKEWOOD CAPITAL MANAGEMENT, LP

Institutional InvestorSimilar funds →SEC EDGAR: CIK 1424381
Institutional-grade research for retail investors

Sector Allocation

  • Healthcare25.3%$487.4M
  • Financials18.9%$364.1M
  • Consumer Discretionary14.4%$278.3M
  • Technology14.4%$278.1M
  • Industrials12.3%$236.2M
  • Materials10.3%$198.2M
  • Communication Services3.4%$64.7M
  • Consumer Staples0.8%$16.0M
  • Real Estate0.3%$5.5M

AUM History

13fpro.ai/research/fund/lakewood-capital-management-lp-1424381

Conviction and streaks

Stable · top 10 = 43.2%

From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.

CI$CIConviction hold6.1% weight · held 10 quartersAXTA$AXTAConviction hold6.1% weight · held 10 quartersICLR$ICLRConviction hold5.3% weight · held 5 quartersALLY$ALLYConviction hold4.2% weight · held 10 quartersGPI$GPIConviction hold3.7% weight · held 10 quartersJD$JDAccumulating+1376% shares · 7 quarters runningAXTA$AXTAAccumulating+287% shares · 4 quarters runningGPI$GPIAccumulating+151% shares · 4 quarters runningCI$CIAccumulating+27% shares · 3 quarters runningALLY$ALLYAccumulating+455% shares · 3 quarters runningARW$ARWTrimming-72% shares · 4 quarters runningELV$ELVTrimming-80% shares · 3 quarters runningCCZ$CCZTrimming-62% shares · 3 quarters runningKMPB$KMPBTrimming-71% shares · 3 quarters runningBC$BCTrimming-41% shares · 2 quarters running

Largest positions — Q2 2026

Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.

13fpro.ai/research/fund/lakewood-capital-management-lp-1424381

LAKEWOOD CAPITAL MANAGEMENT, LP 13F holdings — Q2 2026

$1.9B portfolio (+22.6% QoQ) · 65 holdings · Q2 2026 13F · top 10 are 43% of the stock portfolio

Includes $12.8M of put/call options ($0 puts, $12.8M calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $1.9B. Weights use the stock portfolio.

All holdings — LAKEWOOD CAPITAL MANAGEMENT, LP (Q2 2026)

65 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.

Company
IQV$IQVIQVIA HOLDINGS INC.$61.4M+37%
VTRS$VTRSViatris Inc$59.3M+2%
MA$MAMastercard Inc$56.2M+151%
FAF$FAFFirst American Financial Corp$50.5M+14%
AMRZ$AMRZAmrize Ltd$47.3M+9%
SPOT$SPOTSpotify Technology S.A.$42.9MNew
V$VVISA INC.$41.4M+68%
BC$BCBRUNSWICK CORP$38.8M-22%
MSFT$MSFTMICROSOFT CORP$37.9M+5%
ARW$ARWARROW ELECTRONICS, INC.$37.6M-31%
TFSL$TFSLTFS Financial CORP$36.7M-27%
ABG$ABGASBURY AUTOMOTIVE GROUP INC$35.9M+32%
CCS$CCSCentury Communities, Inc.$34.9MNew
SW$SWSmurfit Westrock plc$33.7M+8%
CRL$CRLCHARLES RIVER LABORATORIES INTERNATIONAL, INC.$30.4M+94%

What changed in Q2 2026

Against the previous quarter's 13F: 11 new, 25 added to, 15 trimmed, 15 sold out. Share-count changes; largest moves by dollar size first.

New positions (11)

  • CPA$CPACopa Holdings, S.A.$77.0M

    first bought this quarter

  • SPOT$SPOTSpotify Technology S.A.$42.9M

    first bought this quarter

  • CCS$CCSCentury Communities, Inc.$34.9M

    first bought this quarter

  • HCA$HCAHCA Healthcare, Inc.$15.0M

    first bought this quarter

  • INGM$INGMIngram Micro Holding Corp$10.8M

    first bought this quarter

  • LKQ$LKQLKQ CORP$7.0M

    first bought this quarter

+5 more in the Excel export

Added to (25)

  • MA$MAMastercard Inc+151%

    now $56.2M · held 2 qtrs, 2 adds in a row

  • CDW$CDWCDW Corp+93%

    now $68.0M · held 2 qtrs, 2 adds in a row

  • BKNG$BKNGBooking Holdings Inc.+2853%

    now $29.4M · held 2 qtrs, 2 adds in a row

  • META$METAMeta Platforms, Inc.+64%

    now $65.3M · held 10+ qtrs, 3 adds in a row

  • AXTA$AXTAAxalta Coating Systems Ltd.+18%

    now $117.2M · held 10+ qtrs, 4 adds in a row

  • V$VVISA INC.+68%

    now $41.4M · held 2 qtrs, 2 adds in a row

+19 more in the Excel export

Trimmed (15)

  • ICLR$ICLRICON PLC-22%

    now $101.7M · held 5 qtrs

  • ELV$ELVElevance Health, Inc.-47%

    now $23.0M · held 10+ qtrs, 3 trims in a row

  • ARW$ARWARROW ELECTRONICS, INC.-31%

    now $37.6M · held 7 qtrs, 4 trims in a row

  • UNFI$UNFIUNITED NATURAL FOODS INC-47%

    now $16.0M · held 3 qtrs

  • HSIC$HSICHENRY SCHEIN INC-63%

    now $8.1M · held 3 qtrs, 2 trims in a row

  • TFSL$TFSLTFS Financial CORP-27%

    now $36.7M · held 6 qtrs

+9 more in the Excel export

Sold out (15)

  • AL$ALAIR LEASE CORPwas $31.6M

    held 5 qtrs

  • BZH$BZHBEAZER HOMES USA INCwas $15.0M

    held 4 qtrs

  • FIX$FIXPUTCOMFORT SYSTEMS USA INCwas $11.0M
  • TFX$TFXTELEFLEX INCwas $7.7M

    held 1 qtr

  • C$CCITIGROUP INCwas $7.3M

    held 9+ qtrs

  • DELL$DELLDell Technologies Inc.was $5.9M

    held 1 qtr

+9 more in the Excel export

Firm AUM (Form ADV): $3.4B as of 2025-12-31 · SEC IAPD

Share

Holdings by quarter

Every 13F LAKEWOOD CAPITAL MANAGEMENT, LP has filed, 41 earlier quarters. Pick one to see what it held then.

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Is it too late to follow LAKEWOOD CAPITAL MANAGEMENT?

Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 26, 2026.

Average quality of LAKEWOOD CAPITAL MANAGEMENT's top 20 holdings: 66/100 (our AI quality score, weighted by position size; 15 of the 20 are scored)

Top 10 since filing

+0.9%

Value-weighted move of the 10 largest stock positions

Turnover

14%

Last quarter; 55% over the last 4

Top 10 weight

43%

Share of the stock portfolio in its 10 largest positions

Held 4+ quarters

66%

Share of portfolio value in positions held a year or more

Highest-quality names it owns(among its 100 largest positions)

The 8 highest-scoring companies in this portfolio are a Pro feature.

How these are measured
  • Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
  • Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
  • Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
  • Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
  • Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.

Portfolio Overview

LAKEWOOD CAPITAL MANAGEMENT, LP disclosed 65 positions worth $1.9B in its Form 13F-HR for Q2 2026 — $1.9B in common stock plus $12.8M of put/call option positions (reported at underlying notional value, not premium at risk), led by $CI (Cigna Group) at 6.1% of the equity portfolio, followed by $AXTA and $ICLR. During the quarter the fund opened 11 new positions and exited 15 — including a new stake in $CPA and a full exit from $AL. The portfolio is most concentrated in Healthcare (25.3% of disclosed assets). All figures are sourced directly from LAKEWOOD CAPITAL MANAGEMENT, LP’s Form 13F-HR filing with the SEC under CIK 1424381.

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AI-Powered Hedge Fund Analysis: LAKEWOOD CAPITAL MANAGEMENT, LP

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Every holding in LAKEWOOD CAPITAL MANAGEMENT, LP's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.