LC

Lakewood Capital Management, LP

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$1.6B

Reporting period: 2026-03-31 · Number of holdings: 69

LAKEWOOD CAPITAL MANAGEMENT, LP disclosed 69 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $1.6B and a quarterly turnover rate of 47.1%.

Personality snowflake

Concentration
11.57
Portfolio Stability
47.05
Momentum/Contrarian
100
Sector conviction
51.43
Diversification
100
Sizing Uniformity
90.09

Recent moves

  • Trim C

    -84.5%　-$41.0M

  • Add VTRS

    +118.3%　$28.7M

  • Add GPI

    +91.5%　$26.7M

  • Trim ARW

    -51.2%　-$21.0M

  • Trim SW

    -43.0%　-$18.9M

  • Add ICLR

    +124.9%　$22.2M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 68 holdings (of 69 total)

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1CITHE Cigna GroupStock-Healthcare7.18%—+5.18%
2ICLRICON Public Limited CompanyStock-Healthcare5.23%+1.22%+124.87%
3AXTAAxalta Coating Systems Ltd.Stock-Materials5.07%+0.94%+50.06%
4GPIGroup 1 Automotive INCStock-Consumer Disc4.45%+1.55%+91.48%
5ALLYAlly Financial INCStock-Financials4.10%+0.99%+59.41%
6SSNCSs&c Technologies HoldingsStock-Tech4.04%-0.70%+15.63%
7SHCSotera Health CoStock-Other3.72%—+20.74%
8VTRSViatris INCStock-Healthcare3.13%+1.74%+118.34%
9AMRZAmrize LtdStock-Materials2.88%+0.38%+16.45%
10BCBrunswick CORPStock-Consumer Disc2.70%-1.12%-24.54%
11METAMeta Platforms Inc-class AStock-Comm Services2.56%+0.13%+27.51%
12TFSLTfs Financial CORPStock-Other2.52%—+3.09%
13IQVIqvia Holdings INCStock-Healthcare2.50%+0.16%+48.03%
14FAFFirst American FinancialStock-Financials2.45%-1.02%-24.59%
15ARWArrow Electronics INCStock-Tech2.31%-1.51%-51.21%
16MSFTMicrosoft CORPStock-Tech2.26%+2.26%NEW
17UNPUnion Pacific CORPStock-Industrials2.10%—-13.15%
18ELVElevance Health INCStock-Healthcare2.08%-0.75%-7.80%
19ALAir Lease CORPStock-Other1.99%——
20WEXWex INCStock-Tech1.94%—-11.84%
21CDWCdw Corp/deStock-Tech1.92%+1.92%NEW
22UNFIUnited Natural Foods INCStock-Consumer Staples1.86%+0.63%+19.09%
23SWSmurfit Westrock PlcStock-Consumer Disc1.70%-1.33%-42.98%
24JDJd.com Inc-adrStock-Consumer Disc1.69%+0.48%+41.47%
25ABGAsbury Automotive GroupStock-Consumer Disc1.67%—+26.60%
26APOApollo Global Management INCStock-Financials1.58%—+48.28%
27BKNGBooking Holdings INCStock-Consumer Disc1.49%+1.49%NEW
28MAMastercard INC - AStock-Financials1.38%+1.38%NEW
29VVisa Inc-class A SharesStock-Financials1.37%+1.37%NEW
30CPNGCoupang INCStock-Consumer Disc1.24%+1.24%NEW
31HSICHenry Schein INCStock-Healthcare1.22%-0.31%-14.10%
32NICENice LTD - Spon AdrStock-Tech1.19%-0.35%-16.83%
33RELYRemitly Global INCStock-Other1.19%—+7.14%
34SPGIS&p Global INCStock-Financials1.18%+1.18%NEW
35GOOGLAlphabet Inc-cl AStock-Comm Services1.05%—+15.67%
36GPNGlobal Payments INCStock-Industrials1.04%——
37KMPRKemper CORPStock-Other0.97%-0.88%-27.49%
38BZHBeazer Homes USA INCStock-Other0.95%—+10.91%
39CMCSAComcast Corp-class AStock-Comm Services0.91%-0.28%-16.65%
40CRLCharles River LaboratoriesStock-Healthcare0.75%-1.10%-50.80%
41IBITIshares Bitcoin Trust ETFETF-Crypto0.72%-0.59%-25.60%
42FIXComfort Systems USA INCStock-Industrials0.70%+0.21%—
43LRNStride INCStock-Consumer Staples0.50%+0.50%NEW
44DKNGDraftkings Inc-cl AStock-Consumer Disc0.50%—+120.91%
45LEGLeggett & Platt INCStock-Consumer Disc0.49%+0.49%NEW
46TFXTeleflex INCStock-Healthcare0.48%+0.48%NEW
47CCitigroup INCStock-Financials0.46%-2.74%-84.45%
48GBTCGrayscale Bitcoin Trust ETFETF-Crypto0.41%——
49DELLDell Technologies -cStock-Tech0.37%+0.37%NEW
50TBLATaboola.com Ltd.Stock-Other0.37%——
1–50 of 68

Holding changes this quarter

Lakewood Capital Management, LP's most significant position changes for 2026-03-31: New buy: Microsoft CORP (MSFT); Sold out: Ast Spacemobile INC (ASTS); New buy: Cdw Corp/de (CDW); New buy: Booking Holdings INC (BKNG); New buy: Mastercard INC - A (MA).

Position changes disclosed by Lakewood Capital Management, LP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1VTRSViatris INC+1.7%+118.34%Add
2GPIGroup 1 Automotive INC+1.6%+91.48%Add
3ICLRICON Public Limited Company+1.2%+124.87%Add
4ALLYAlly Financial INC+1%+59.41%Add
5AXTAAxalta Coating Systems Ltd.+0.9%+50.06%Add
6UNFIUnited Natural Foods INC+0.6%+19.09%Add
7JDJd.com Inc-adr+0.5%+41.47%Add
8AMRZAmrize Ltd+0.4%+16.45%Add
9FIXComfort Systems USA INC+0.2%—Unchanged
10IQVIqvia Holdings INC+0.2%+48.03%Add
11METAMeta Platforms Inc-class A+0.1%+27.51%Add
12CMCSAComcast Corp-class A-0.3%-16.65%Trim
13LAWCs Disco INC-0.3%+2.31%Add
14HSICHenry Schein INC-0.3%-14.10%Trim
15NICENice LTD - Spon Adr-0.4%-16.83%Trim
16IBITIshares Bitcoin Trust ETF-0.6%-25.60%Trim
17SSNCSs&c Technologies Holdings-0.7%+15.63%Add
18ELVElevance Health INC-0.8%-7.80%Trim
19KMPRKemper CORP-0.9%-27.49%Trim
20FAFFirst American Financial-1%-24.59%Trim
21CRLCharles River Laboratories-1.1%-50.80%Trim
22BCBrunswick CORP-1.1%-24.54%Trim
23SWSmurfit Westrock Plc-1.3%-42.98%Trim
24ARWArrow Electronics INC-1.5%-51.21%Trim
25CCitigroup INC-2.7%-84.45%Trim
26MSFTMicrosoft CORP—NEWNew buy
27ASTSAst Spacemobile INC—EXITSold out
28CDWCdw Corp/de—NEWNew buy
29BKNGBooking Holdings INC—NEWNew buy
30MAMastercard INC - A—NEWNew buy
31VVisa Inc-class A Shares—NEWNew buy
32CPNGCoupang INC—NEWNew buy
33SPGIS&p Global INC—NEWNew buy
34KOFCoca-cola Femsa Sab-sp Adr—EXITSold out
35OKLOOklo INC—EXITSold out
36GLNGGolar LNG Limited—EXITSold out
37MCYMercury General CORP—EXITSold out
38SIGSignet Jewelers Limited—EXITSold out
39LRNStride INC—NEWNew buy
40LEGLeggett & Platt INC—NEWNew buy
41TFXTeleflex INC—NEWNew buy
42RGTIRigetti Computing INC—EXITSold out
43DELLDell Technologies -c—NEWNew buy
44SNAPSnap INC - A—NEWNew buy
45AVTAvnet INC—NEWNew buy
46QQQInvesco Qqq Trust Series 1—NEWNew buy
47AEOAmerican Eagle Outfitters—EXITSold out
48VSNTVersant Media Group INC—NEWNew buy
49KWEBKranesh Csi China Internet—EXITSold out
50SBETSharplink INC—NEWNew buy

FAQ

What is Lakewood Capital Management, LP and what type of investor is it?
Lakewood Capital Management, LP is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $1.6B, spread across 69 disclosed positions.
What are Lakewood Capital Management, LP's largest equity positions?
Based on the latest 13F filing, Lakewood Capital Management, LP's top holdings by market value are: 1. THE Cigna Group (CI) — $113.7M (7.2%) 2. ICON Public Limited Company (ICLR) — $82.7M (5.2%) 3. Axalta Coating Systems Ltd. (AXTA) — $80.2M (5.1%) 4. Group 1 Automotive INC (GPI) — $70.4M (4.5%) 5. Ally Financial INC (ALLY) — $64.8M (4.1%)
What changes did Lakewood Capital Management, LP make in its most recent portfolio filing?
In the latest reported quarter, Lakewood Capital Management, LP made 49 notable position adjustments: 16 new positions were initiated, 12 existing holdings were added to, 12 positions were partially reduced, and 9 were completely exited. The largest of these moves: New buy: Microsoft CORP (MSFT); Sold out: Ast Spacemobile INC (ASTS); New buy: Cdw Corp/de (CDW); New buy: Booking Holdings INC (BKNG); New buy: Mastercard INC - A (MA)
What sectors does Lakewood Capital Management, LP focus on?
Lakewood Capital Management, LP is concentrated in the following sectors based on its current disclosed equity portfolio: • Health Care: 26.5% • Consumer Discretionary: 18.7% • Information Technology: 17.0% • Financials: 14.9% • Materials: 9.3% • Communication Services: 6.0%