LAKEWOOD CAPITAL MANAGEMENT, LP
13F Reported Value
ⓘ$1.6B
incl. option notional
Equity Holdings
ⓘ$1.6B
Option Notional
ⓘ$25.4M
$13.6M puts / $11.7M calls
Holdings
69
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
LAKEWOOD CAPITAL MANAGEMENT, LP disclosed 69 positions worth $1.6B in its Form 13F-HR for Q1 2026 — $1.6B in common stock plus $25.4M of put/call option positions (reported at underlying notional value, not premium at risk), led by $CI (Cigna Group) at 7.3% of the equity portfolio, followed by $ICLR and $AXTA. During the quarter the fund opened 18 new positions and exited 12 — including a new stake in $MSFT and a full exit from $ASTS. The portfolio is most concentrated in Healthcare (26.7% of disclosed assets). All figures are sourced directly from LAKEWOOD CAPITAL MANAGEMENT, LP’s Form 13F-HR filing with the SEC under CIK 1424381.
AI Fund Analysis
StableSector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
- 66.8#499
Quality
$113.7M426,307 sh - —
Quality
$82.7M747,700 sh - —
Quality
$80.2M2,895,648 sh - 57.1
Quality
$70.4M213,076 sh - 69.3
Quality
$64.8M1,652,809 sh - 67.2
Quality
$64.0M946,954 sh - 59.7
Quality
$58.9M4,104,581 sh - 47.1
Quality
$49.6M3,670,900 sh - —
Quality
$45.6M814,200 sh - 39.4
Quality
$42.7M587,467 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 Cigna Group$CI | 66.8#499 | $113.7M | 426,307 |
 ICON PLC$ICLR | — | $82.7M | 747,700 |
 Axalta Coating Systems Ltd.$AXTA | — | $80.2M | 2,895,648 |
 GROUP 1 AUTOMOTIVE INC$GPI | 57.1 | $70.4M | 213,076 |
 Ally Financial Inc.$ALLY | 69.3 | $64.8M | 1,652,809 |
 SS&C Technologies Holdings Inc$SSNC | 67.2 | $64.0M | 946,954 |
 Sotera Health Co$SHC | 59.7 | $58.9M | 4,104,581 |
 Viatris Inc$VTRS | 47.1 | $49.6M | 3,670,900 |
 Amrize Ltd$AMRZ | — | $45.6M | 814,200 |
 BRUNSWICK CORP$BC | 39.4 | $42.7M | 587,467 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of LAKEWOOD CAPITAL MANAGEMENT, LP's 69 positions.
Showing top 10 of 69 holdings.
Sector Allocation
Healthcare
$416.3M
Financials
$290.5M
Technology
$230.9M
Consumer Discretionary
$212.9M
Industrials
$193.6M
Materials
$152.8M
Consumer Staples
$29.5M
Communication Services
$26.1M
Full Holdings — LAKEWOOD CAPITAL MANAGEMENT, LP (Q1 2026)
All 69 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $CI | Cigna Group | $113.7M | 7.3% | +5% | 66.8 |
| 2 | $ICLR | ICON PLC | $82.7M | 5.3% | +125% | — |
| 3 | $AXTA | Axalta Coating Systems Ltd. | $80.2M | 5.2% | +50% | — |
| 4 | $GPI | GROUP 1 AUTOMOTIVE INC | $70.4M | 4.5% | +91% | 57.1 |
| 5 | $ALLY | Ally Financial Inc. | $64.8M | 4.2% | +59% | 69.3 |
| 6 | $SSNC | SS&C Technologies Holdings Inc | $64.0M | 4.1% | +16% | 67.2 |
| 7 | $SHC | Sotera Health Co | $58.9M | 3.8% | +21% | 59.7 |
| 8 | $VTRS | Viatris Inc | $49.6M | 3.2% | +118% | 47.1 |
| 9 | $AMRZ | Amrize Ltd | $45.6M | 2.9% | +16% | — |
| 10 | $BC | BRUNSWICK CORP | $42.7M | 2.7% | -25% | 39.4 |
| 11 |  $META | Meta Platforms, Inc. | $40.5M | 2.6% | +28% | 80.9 |
| 12 |  $TFSL | TFS Financial CORP | $39.8M | 2.6% | +3% | — |
| 13 |  $IQV | IQVIA HOLDINGS INC. | $39.6M | 2.5% | +48% | 59.7 |
| 14 |  $FAF | First American Financial Corp | $38.8M | 2.5% | -25% | 65 |
| 15 |  $ARW | ARROW ELECTRONICS, INC. | $36.6M | 2.4% | -51% | 51.4 |
| 16 |  $MSFT | MICROSOFT CORP | $35.7M | 2.3% | NEW | 83.7 |
| 17 |  $UNP | UNION PACIFIC CORP | $33.2M | 2.1% | -13% | 74 |
| 18 |  $ELV | Elevance Health, Inc. | $32.9M | 2.1% | -8% | 59.4 |
| 19 |  $AL | AIR LEASE CORP | $31.6M | 2.0% | +0% | 73.8 |
| 20 |  $WEX | WEX Inc. | $30.8M | 2.0% | -12% | 49 |
| 21 |  $CDW | CDW Corp | $30.4M | 1.9% | NEW | 61.6 |
| 22 |  $UNFI | UNITED NATURAL FOODS INC | $29.5M | 1.9% | +19% | 50.1 |
| 23 |  $SW | Smurfit Westrock plc | $26.9M | 1.7% | -43% | — |
| 24 |  $JD | JD.com, Inc. | $26.7M | 1.7% | +41% | — |
| 25 |  $ABG | ASBURY AUTOMOTIVE GROUP INC | $26.5M | 1.7% | +27% | 63.7 |
| 26 |  $APO | Apollo Global Management, Inc. | $25.0M | 1.6% | +48% | 55.7 |
| 27 |  $BKNG | Booking Holdings Inc. | $23.6M | 1.5% | NEW | 55.3 |
| 28 |  $MA | Mastercard Inc | $21.8M | 1.4% | NEW | 81.7 |
| 29 |  $V | VISA INC. | $21.6M | 1.4% | NEW | 83.5 |
| 30 |  $CPNG | Coupang, Inc. | $19.6M | 1.3% | NEW | 56.4 |
| 31 |  $HSIC | HENRY SCHEIN INC | $19.3M | 1.2% | -14% | 52 |
| 32 |  $RELY | Remitly Global, Inc. | $18.8M | 1.2% | +7% | 66 |
| 33 |  $SPGI | S&P Global Inc. | $18.6M | 1.2% | NEW | 79.4 |
| 34 |  $GOOG | Alphabet Inc. | $16.6M | 1.1% | +16% | 80.2 |
| 35 |  $GPN | GLOBAL PAYMENTS INC | $16.4M | 1.1% | +0% | 42.9 |
| 36 |  $KMPB | KEMPER Corp | $15.3M | 1.0% | -27% | 50.4 |
| 37 |  $BZH | BEAZER HOMES USA INC | $15.0M | 1.0% | +11% | 35.6 |
| 38 |  $CCZ | COMCAST CORP | $14.4M | 0.9% | -17% | 70.4 |
| 39 |  $NICE | NICE Ltd. | $12.9M | 0.8% | -23% | — |
| 40 |  $CRL | CHARLES RIVER LABORATORIES INTERNATIONAL, INC. | $11.9M | 0.8% | -51% | 47.1 |
| 41 |  $IBIT | iShares Bitcoin Trust ETF | $11.4M | 0.7% | -26% | — |
| 42 |  $FIXPUT | COMFORT SYSTEMS USA INC | $11.0M | — | +0% | 79.5 |
| 43 |  $LRN | Stride, Inc. | $7.9M | 0.5% | NEW | 71.1 |
| 44 |  $DKNG | DraftKings Inc. | $7.9M | 0.5% | +121% | 54 |
| 45 |  $LEG | LEGGETT & PLATT INC | $7.7M | 0.5% | NEW | 55.9 |
| 46 |  $TFX | TELEFLEX INC | $7.7M | 0.5% | NEW | 30.5 |
| 47 |  $C | CITIGROUP INC | $7.3M | 0.5% | -84% | 54.8 |
| 48 |  $GBTC | Grayscale Bitcoin Trust ETF | $6.5M | 0.4% | +0% | — |
| 49 | $NICECALL | NICE Ltd. | $6.0M | — | +0% | — |
| 50 |  $DELL | Dell Technologies Inc. | $5.9M | 0.4% | NEW | 76 |
| 51 |  $TBLA | Taboola.com Ltd. | $5.9M | 0.4% | +0% | — |
| 52 |  $SNAPCALL | Snap Inc | $5.8M | — | NEW | 46.8 |
| 53 |  $EME | EMCOR Group, Inc. | $5.2M | 0.3% | +0% | 71.7 |
| 54 |  $AVT | AVNET INC | $5.1M | 0.3% | NEW | 49.2 |
| 55 |  $HIPO | Hippo Holdings Inc. | $5.0M | 0.3% | +0% | 59.1 |
| 56 |  $QQQ | INVESCO QQQ TRUST, SERIES 1 | $4.9M | 0.3% | NEW | — |
| 57 |  $LAW | CS Disco, Inc. | $4.2M | 0.3% | +2% | 24.1 |
| 58 |  $VSNT | Versant Media Group, Inc. | $3.9M | 0.3% | NEW | — |
| 59 |  $SBET | Sharplink, Inc. | $3.6M | 0.2% | NEW | 38.1 |
| 60 |  $KLAR | Klarna Group plc | $3.5M | 0.2% | +59% | — |
| 61 |  $ASST | Strive, Inc. | $3.3M | 0.2% | NEW | 22.4 |
| 62 |  $COF | CAPITAL ONE FINANCIAL CORP | $3.3M | 0.2% | +0% | 71 |
| 63 |  $WAY | Waystar Holding Corp. | $2.3M | 0.1% | NEW | 71.4 |
| 64 |  $IONQPUT | IonQ, Inc. | $1.4M | — | +0% | 32.8 |
| 65 |  $BAND | Bandwidth Inc. | $1.2M | 0.1% | -64% | 44.2 |
| 66 |  $QSPUT | QuantumScape Corp | $765,600 | — | +0% | — |
| 67 |  $BTC | Grayscale Bitcoin Mini Trust ETF | $740,753 | 0.1% | +0% | — |
| 68 |  $QBTSPUT | D-Wave Quantum Inc. | $288,600 | — | +0% | 24.7 |
| 69 |  $QUBTPUT | Quantum Computing Inc. | $102,750 | — | +0% | 28.3 |
New Positions (18)
$MSFT MICROSOFT CORP$35.7M$CDW CDW Corp$30.4M$BKNG Booking Holdings Inc.$23.6M$MA Mastercard Inc$21.8M$V VISA INC.$21.6M$CPNG Coupang, Inc.$19.6M$SPGI S&P Global Inc.$18.6M$LRN Stride, Inc.$7.9M$LEG LEGGETT & PLATT INC$7.7M$TFX TELEFLEX INC$7.7M$DELL Dell Technologies Inc.$5.9M$SNAPCALL Snap Inc$5.8M$AVT AVNET INC$5.1M$QQQ INVESCO QQQ TRUST, SERIES 1$4.9M$VSNT Versant Media Group, Inc.$3.9MExited Positions (12)
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