CIK: 0001966581
Total reported value
$156.4M
Reporting period: 2026-03-31 · Number of holdings: 107
Lakewood Asset Management LLC disclosed 107 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $156.4M and a quarterly turnover rate of 21.7%.
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Lakewood Asset Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.025 — mathematically equivalent to about 39 equally-sized positions, well below its 107 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.31), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 28% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Add VPLS
+24.7% $1.3M
Trim MCK
-38.7% -$1.9M
Add FNDX
+4.7% $693.3K
Trim BAC
-31.1% -$1.8M
Trim BKNG
-25.8% -$1.5M
Add VBIL
+5.8% $506.4K
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | FNDX | Schwab Fndmntl US Lrg Co ETF | ETF-Other | 6.60% | +0.94% | +4.74% | |
| 2 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 6.12% | -0.74% | -14.02% | |
| 3 | VBIL | Vanguard 0-3m T-bill ETF | ETF-Other | 5.63% | +0.75% | +5.79% | |
| 4 | VT | Vanguard Tot World Stk ETF | ETF-Other | 4.76% | +0.64% | +8.43% | |
| 5 | VPLS | Vanguard Core-plus Bond ETF | ETF-Other | 4.37% | +1.13% | +24.70% | |
| 6 | COP | Conocophillips | Stock-Energy | 3.09% | +0.57% | -20.26% | |
| 7 | EBAY | Ebay INC | Stock-Consumer Disc | 2.81% | -0.40% | -22.93% | |
| 8 | WSM | Williams-sonoma INC | Stock-Consumer Disc | 2.48% | -0.49% | -24.97% | |
| 9 | AZO | Autozone INC | Stock-Consumer Disc | 2.26% | -0.58% | -26.58% | |
| 10 | MCK | Mckesson CORP | Stock-Healthcare | 2.25% | -0.94% | -38.67% | |
| 11 | RTX | Rtx CORP | Stock-Industrials | 2.08% | -0.16% | -19.05% | |
| 12 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 2.07% | — | +0.19% | |
| 13 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-Gov Bonds | 1.96% | -0.02% | -9.43% | |
| 14 | AAPL | Apple INC | Stock-Tech | 1.86% | -0.49% | -22.03% | |
| 15 | FNDF | Schwab Fndmn Intl Lrg Co ETF | ETF-Other | 1.85% | +0.43% | +10.40% | |
| 16 | VTIP | Vanguard Short-term Tips | ETF-Other | 1.84% | +0.30% | +8.48% | |
| 17 | BAC | Bank Of America CORP | Stock-Financials | 1.83% | -0.93% | -31.12% | |
| 18 | VUSB | Vanguard Ultra Short Bond Et | ETF-Other | 1.82% | +0.26% | +7.77% | |
| 19 | NVR | Nvr INC | Stock-Consumer Disc | 1.80% | -0.57% | -22.74% | |
| 20 | MTB | M & T Bank CORP | Stock-Financials | 1.63% | -0.28% | -23.57% | |
| 21 | HPE | Hewlett Packard Enterprise | Stock-Tech | 1.63% | -0.33% | -22.90% | |
| 22 | FANG | Diamondback Energy INC | Stock-Energy | 1.57% | — | -21.78% | |
| 23 | SLB | Slb LTD | Stock-Energy | 1.50% | — | -23.38% | |
| 24 | BKNG | Booking Holdings INC | Stock-Consumer Disc | 1.31% | -0.75% | -25.80% | |
| 25 | RF | Regions Financial CORP | Stock-Financials | 1.28% | -0.32% | -23.60% | |
| 26 | BMY | Bristol-myers Squibb Co | Stock-Healthcare | 1.16% | -0.08% | -23.77% | |
| 27 | DKS | Dick's Sporting Goods INC | Stock-Consumer Disc | 1.02% | -0.23% | -25.13% | |
| 28 | UHAL-B | U-haul Holding Co-non Voting | Stock-Other | 1.02% | -0.23% | -21.78% | |
| 29 | MSFT | Microsoft CORP | Stock-Tech | 0.97% | -0.23% | -2.33% | |
| 30 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.97% | -0.09% | -12.09% | |
| 31 | FNDA | Schwab Fndmntl US Sm Co ETF | ETF-Other | 0.95% | -0.08% | -17.50% | |
| 32 | NICE | Nice LTD - Spon Adr | Stock-Tech | 0.86% | — | -1.20% | |
| 33 | APA | Apa CORP | Stock-Energy | 0.80% | +0.25% | -23.14% | |
| 34 | CF | Cf Industries Holdings INC | Stock-Materials | 0.79% | +0.23% | -23.34% | |
| 35 | LEA | Lear CORP | Stock-Consumer Disc | 0.79% | -0.13% | -25.62% | |
| 36 | DFAW | Dimensional World Eqty ETF | ETF-Other | 0.76% | +0.76% | NEW | |
| 37 | VTEB | Vanguard Tax-exempt Bond ETF | ETF-Other | 0.75% | — | -6.56% | |
| 38 | MHK | Mohawk Industries INC | Stock-Consumer Disc | 0.69% | -0.25% | -24.87% | |
| 39 | MKL | Markel Group INC | Stock-Financials | 0.66% | -0.20% | -20.80% | |
| 40 | EPD | Enterprise Products Partners | Stock-Energy | 0.62% | — | — | |
| 41 | KMX | Carmax INC | Stock-Consumer Disc | 0.60% | -0.09% | -25.31% | |
| 42 | IWD | Ishares Russell 1000 Value E | ETF-Other | 0.56% | — | -6.51% | |
| 43 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.56% | — | +9.03% | |
| 44 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.56% | — | +0.08% | |
| 45 | CAT | Caterpillar INC | Stock-Industrials | 0.52% | — | -2.39% | |
| 46 | CMI | Cummins INC | Stock-Industrials | 0.51% | — | -1.28% | |
| 47 | DBX | Dropbox Inc-class A | Stock-Tech | 0.50% | -0.23% | -23.30% | |
| 48 | LULU | Lululemon Athletica INC | Stock-Consumer Disc | 0.50% | -0.11% | +1.57% | |
| 49 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.50% | — | — | |
| 50 | LEN | Lennar Corp-a | Stock-Consumer Disc | 0.49% | -0.20% | -22.09% |
Performance for Q3 2026
+2.8%
Performance Last 4 Quarters
+16%
Based on 75% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 107 | $156.4M | 22 | |
| 2025-12-31 | 105 | $170.2M | 19 | |
| 2025-09-30 | 104 | $165.4M | 22 | |
| 2025-06-30 | 101 | $149.7M | 0 | |
| 2025-03-31 | 101 | $148.2M | 0 | |
| 2024-12-31 | 120 | $145.2M | 0 | |
| 2024-09-30 | 119 | $146.4M | 0 | |
| 2024-06-30 | 116 | $143.4M | 0 | |
| 2024-03-31 | 115 | $147.1M | 0 | |
| 2023-12-31 | 109 | $128.7M | 0 | |
| 2023-09-30 | 111 | $122.6M | 0 | |
| 2023-06-30 | 115 | $127.1M | 0 | |
| 2023-03-31 | 112 | $120.3M | 0 | |
| 2022-12-31 | 315 | $123.7M | 0 |
Lakewood Asset Management LLC's most significant position changes for 2026-03-31: New buy: Dimensional World Eqty ETF (DFAW); New buy: Molina Healthcare INC (MOH); Sold out: Ulta Beauty INC (ULTA); New buy: Dimensional US Core Eq 1 ETF (DCOR); Sold out: Accenture plc (ACN).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | VPLS | Vanguard Core-plus Bond ETF | +1.1% | +24.70% | Add |
| 2 | FNDX | Schwab Fndmntl US Lrg Co ETF | +0.9% | +4.74% | Add |
| 3 | VBIL | Vanguard 0-3m T-bill ETF | +0.8% | +5.79% | Add |
| 4 | VT | Vanguard Tot World Stk ETF | +0.6% | +8.43% | Add |
| 5 | COP | Conocophillips | +0.6% | -20.26% | Trim |
| 6 | FNDF | Schwab Fndmn Intl Lrg Co ETF | +0.4% | +10.40% | Add |
| 7 | VTIP | Vanguard Short-term Tips | +0.3% | +8.48% | Add |
| 8 | VUSB | Vanguard Ultra Short Bond Et | +0.3% | +7.77% | Add |
| 9 | APA | Apa CORP | +0.3% | -23.14% | Trim |
| 10 | CF | Cf Industries Holdings INC | +0.2% | -23.34% | Trim |
| 11 | BIL | Ss Spdr Bb 1-3m T-bill ETF | 0% | -9.43% | Trim |
| 12 | BMY | Bristol-myers Squibb Co | -0.1% | -23.77% | Trim |
| 13 | FNDA | Schwab Fndmntl US Sm Co ETF | -0.1% | -17.50% | Trim |
| 14 | IVV | Ishares Core S&p 500 ETF | -0.1% | -12.09% | Trim |
| 15 | KMX | Carmax INC | -0.1% | -25.31% | Trim |
| 16 | LULU | Lululemon Athletica INC | -0.1% | +1.57% | Add |
| 17 | LEA | Lear CORP | -0.1% | -25.62% | Trim |
| 18 | RTX | Rtx CORP | -0.2% | -19.05% | Trim |
| 19 | ACIW | Aci Worldwide INC | -0.2% | -49.16% | Trim |
| 20 | MKL | Markel Group INC | -0.2% | -20.80% | Trim |
| 21 | LEN | Lennar Corp-a | -0.2% | -22.09% | Trim |
| 22 | UHAL-B | U-haul Holding Co-non Voting | -0.2% | -21.78% | Trim |
| 23 | DKS | Dick's Sporting Goods INC | -0.2% | -25.13% | Trim |
| 24 | MSFT | Microsoft CORP | -0.2% | -2.33% | Trim |
| 25 | DBX | Dropbox Inc-class A | -0.2% | -23.30% | Trim |
| 26 | MHK | Mohawk Industries INC | -0.3% | -24.87% | Trim |
| 27 | MTB | M & T Bank CORP | -0.3% | -23.57% | Trim |
| 28 | RF | Regions Financial CORP | -0.3% | -23.60% | Trim |
| 29 | HPE | Hewlett Packard Enterprise | -0.3% | -22.90% | Trim |
| 30 | EBAY | Ebay INC | -0.4% | -22.93% | Trim |
| 31 | WSM | Williams-sonoma INC | -0.5% | -24.97% | Trim |
| 32 | AAPL | Apple INC | -0.5% | -22.03% | Trim |
| 33 | NVR | Nvr INC | -0.6% | -22.74% | Trim |
| 34 | AZO | Autozone INC | -0.6% | -26.58% | Trim |
| 35 | BRK-B | Berkshire Hathaway Inc-cl B | -0.7% | -14.02% | Trim |
| 36 | BKNG | Booking Holdings INC | -0.8% | -25.80% | Trim |
| 37 | BAC | Bank Of America CORP | -0.9% | -31.12% | Trim |
| 38 | MCK | Mckesson CORP | -0.9% | -38.67% | Trim |
| 39 | DFAW | Dimensional World Eqty ETF | — | NEW | New buy |
| 40 | MOH | Molina Healthcare INC | — | NEW | New buy |
| 41 | ULTA | Ulta Beauty INC | — | EXIT | Sold out |
| 42 | DCOR | Dimensional US Core Eq 1 ETF | — | NEW | New buy |
| 43 | ACN | Accenture plc | — | EXIT | Sold out |
| 44 | WGO | Winnebago Industries | — | EXIT | Sold out |
| 45 | PLOW | Douglas Dynamics INC | — | NEW | New buy |
| 46 | NVDA | Nvidia CORP | — | EXIT | Sold out |
| 47 | WLFC | Willis Lease Finance CORP | — | NEW | New buy |
| 48 | MLR | Miller Industries Inc/tenn | — | NEW | New buy |
| 49 | PAVE | Global X US Infrastructure | — | NEW | New buy |
| 50 | LLY | Eli Lilly & Co | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-23 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-26 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-24 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-17 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-24 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-01-14 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-07 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-18 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-22 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-01-10 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-10-11 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-07-13 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-04-13 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-03-01 | 13F-HR | View on EDGAR |
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