LAKEWOOD CAPITAL MANAGEMENT, LP

CIK

1424381

Location

New York, NY

Portfolio Value

Mid $1,582,815,567

Diversification

Diversified

Filing Date

Global Rank

#1,359 / 8,622 ▲ 72 · as of Mar 2026

Top Industry

Diagnostics & Research 12.4%

3Y Alpha vs SPY

-3.8%

Period ended 4 months ago

Filed May 15, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+58.8%

SPY

+67.9%

Annualised alpha

-2.2%

Max drawdown

−21.4%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 97% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

68 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

7.2%

−0.2 pts

Top 5

26.0%

+1.7 pts

Top 10

42.5%

+0.8 pts

HHI

289

Diversified−4

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Healthcare	26.4%	$418,633,759	10
Financial Services	17.2%	$271,813,478	14
Consumer Cyclical	16.9%	$267,867,575	11
Technology	16.0%	$253,371,534	14
Basic Materials	7.9%	$125,820,933	2
Industrials	6.2%	$97,360,551	5
Communication Services	5.5%	$86,943,580	6
Consumer Defensive	2.4%	$37,449,600	2
Unclassified	1.5%	$23,554,557	4

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

22 positions

Ticker	Company	Δ Shares	Shares	Value
VTRS	Viatris Inc	+1,989,600	3,670,900	$49,593,859
AXTA	Axalta Coating Systems Ltd.	+966,000	2,895,648	$80,209,449
SHC	Sotera Health Co	+705,000	4,104,581	$58,859,691
ALLY	Ally Financial Inc.	+616,000	1,652,809	$64,839,697
ICLR	Icon PLC	+415,200	747,700	$82,740,482
JD	JD.com, Inc.	+265,000	904,050	$26,732,758
DKNG	DraftKings Inc.	+199,500	364,500	$7,880,490
SSNC	SS&C Technologies Holdings Inc	+128,000	946,954	$63,985,681
AMRZ	Amrize Ltd	+115,000	814,200	$45,611,484
UNFI	United Natural Foods Inc	+105,000	655,000	$29,514,300
GPI	Group 1 Automotive Inc	+101,800	213,076	$70,449,317
KLAR	Klarna Group plc	+100,000	270,000	$3,534,300
TFSL	TFS Financial CORP	+85,000	2,835,382	$39,837,117
RELY	Remitly Global, Inc.	+80,000	1,201,200	$18,822,804
BZH	Beazer Homes USA Inc	+76,500	777,506	$14,959,215
IQV	Iqvia Holdings Inc.	+75,400	232,400	$39,633,496
APO	Apollo Global Management, Inc.	+73,000	224,197	$24,980,029
ABG	Asbury Automotive Group Inc	+28,500	135,629	$26,503,262
LAW	CS Disco, Inc.	+25,000	1,106,531	$4,226,948
CI	Cigna Group	+21,000	426,307	$113,717,392
META	Meta Platforms, Inc.	+15,285	70,855	$40,538,271
GOOGL	Alphabet Inc.	+7,800	57,580	$16,557,704
No positions match the current search.

Trimmed

Positions the filer reduced

15 positions

Ticker	Company	Δ Shares	Shares	Value
SW	Smurfit Westrock plc	−509,400	675,897	$26,934,495
C	Citigroup Inc	−349,500	64,339	$7,296,685
ARW	Arrow Electronics, Inc.	−268,000	255,360	$36,621,177
FAF	First American Financial Corp	−210,000	643,904	$38,820,972
BC	Brunswick Corp	−191,000	587,467	$42,744,098
KMPR	KEMPER Corp	−190,000	501,090	$15,313,310
BAND	Bandwidth Inc.	−115,000	65,721	$1,171,148
IBIT	iShares Bitcoin Trust ETF	−102,000	296,510	$11,391,914
CMCSA	Comcast Corp	−100,000	500,748	$14,376,475
CRL	Charles River Laboratories International, Inc.	−71,240	69,000	$11,902,500
HSIC	Henry Schein Inc	−43,000	262,000	$19,309,400
NICE	NICE Ltd.	−34,600	171,000	$18,854,460
WEX	WEX Inc.	−27,000	200,968	$30,756,142
UNP	Union Pacific Corp	−20,700	136,700	$33,166,154
ELV	Elevance Health, Inc.	−9,500	112,350	$32,890,462
No positions match the current search.

New Positions

Positions the filer opened this quarter

18 positions

Ticker	Company	Shares	Value
MSFT	Microsoft Corp	96,534	$35,733,990
CDW	CDW Corp	251,000	$30,376,020
BKNG	Booking Holdings Inc.	5,595	$23,556,740
MA	Mastercard Inc	43,663	$21,816,654
V	Visa Inc.	71,576	$21,633,130
CPNG	Coupang, Inc.	1,040,000	$19,635,200
SPGI	S&P Global Inc.	43,750	$18,608,623
LRN	Stride, Inc.	90,000	$7,935,300
LEG	Leggett & Platt Inc	780,000	$7,706,400
TFX	Teleflex Inc	64,000	$7,655,040
DELL	Dell Technologies Inc.	35,800	$5,875,854
SNAP	Snap Inc	1,250,000	$5,750,000
AVT	Avnet Inc	83,000	$5,114,460
QQQ	Invesco Qqq Trust, Series 1	8,500	$4,906,030
VSNT	Versant Media Group, Inc.	104,029	$3,851,153
SBET	Sharplink, Inc.	559,000	$3,605,550
ASST	Strive, Inc.	328,570	$3,292,271
WAY	Waystar Holding Corp.	96,700	$2,331,437
No positions match the current search.

Sold Out

Positions the filer fully exited

10 positions

Ticker	Company	Shares	Value
ASTS	AST SpaceMobile, Inc.	436,000	$31,666,680
KOF	Coca Cola Femsa Sab De CV	186,800	$17,691,828
OKLO	Oklo Inc.	240,000	$17,222,400
GLNG	Golar Lng Ltd	435,000	$16,186,350
MCY	Mercury General Corp	158,218	$14,881,985
SIG	Signet Jewelers Ltd	122,300	$10,136,224
RGTI	Rigetti Computing, Inc.	289,700	$6,416,855
AEO	American Eagle Outfitters Inc	175,900	$4,638,483
SDRL	SEADRILL Ltd	85,100	$2,944,460
IREN	IREN Ltd	20,000	$755,400
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

68 tracked positions · $1,582,815,567 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Technology

Showing 1–50 of 68 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
CI	Cigna Group Healthcare	Added	426,307	+21,000	$113,717,392	+1.9%	7.18%
ICLR	Icon PLC Healthcare	Added	747,700	+415,200	$82,740,482	+36.6%	5.23%
AXTA	Axalta Coating Systems Ltd. Basic Materials	Added	2,895,648	+966,000	$80,209,449	+28.7%	5.07%
GPI	Group 1 Automotive Inc Consumer Cyclical	Added	213,076	+101,800	$70,449,317	+61.0%	4.45%
ALLY	Ally Financial Inc. Financial Services	Added	1,652,809	+616,000	$64,839,697	+38.1%	4.10%
SSNC	SS&C Technologies Holdings Inc Technology	Added	946,954	+128,000	$63,985,681	−10.6%	4.04%
SHC	Sotera Health Co Healthcare	Added	4,104,581	+705,000	$58,859,691	−1.8%	3.72%
VTRS	Viatris Inc Healthcare	Added	3,670,900	+1,989,600	$49,593,859	+136.9%	3.13%
AMRZ	Amrize Ltd Basic Materials	Added	814,200	+115,000	$45,611,484	+20.6%	2.88%
BC	Brunswick Corp Consumer Cyclical	Reduced	587,467	-191,000	$42,744,098	−26.0%	2.70%
META	Meta Platforms, Inc. Communication Services	Added	70,855	+15,285	$40,538,271	+10.5%	2.56%
TFSL	TFS Financial CORP Financial Services	Added	2,835,382	+85,000	$39,837,117	+8.3%	2.52%
IQV	Iqvia Holdings Inc. Healthcare	Added	232,400	+75,400	$39,633,496	+12.0%	2.50%
FAF	First American Financial Corp Financial Services	Reduced	643,904	-210,000	$38,820,972	−26.0%	2.45%
ARW	Arrow Electronics, Inc. Technology	Reduced	255,360	-268,000	$36,621,177	−36.5%	2.31%
MSFT	Microsoft Corp Technology	NEW	96,534	NEW	$35,733,990	NEW	2.26%
UNP	Union Pacific Corp Industrials	Reduced	136,700	-20,700	$33,166,154	−8.9%	2.10%
ELV	Elevance Health, Inc. Healthcare	Reduced	112,350	-9,500	$32,890,462	−23.0%	2.08%
AL	SUMISHO AIR LEASE CORP Industrials	Held	485,878	0	$31,552,917	+1.1%	1.99%
WEX	WEX Inc. Technology	Reduced	200,968	-27,000	$30,756,142	−9.4%	1.94%
CDW	CDW Corp Technology	NEW	251,000	NEW	$30,376,020	NEW	1.92%
UNFI	United Natural Foods Inc Consumer Defensive	Added	655,000	+105,000	$29,514,300	+59.4%	1.86%
SW	Smurfit Westrock plc Consumer Cyclical	Reduced	675,897	-509,400	$26,934,495	−41.2%	1.70%
JD	JD.com, Inc. Consumer Cyclical	Added	904,050	+265,000	$26,732,758	+45.8%	1.69%
ABG	Asbury Automotive Group Inc Consumer Cyclical	Added	135,629	+28,500	$26,503,262	+6.4%	1.67%
APO	Apollo Global Management, Inc. Financial Services	Added	224,197	+73,000	$24,980,029	+14.1%	1.58%
BKNG	Booking Holdings Inc. Consumer Cyclical	NEW	5,595	NEW	$23,556,740	NEW	1.49%
MA	Mastercard Inc Financial Services	NEW	43,663	NEW	$21,816,654	NEW	1.38%
V	Visa Inc. Financial Services	NEW	71,576	NEW	$21,633,130	NEW	1.37%
CPNG	Coupang, Inc. Consumer Cyclical	NEW	1,040,000	NEW	$19,635,200	NEW	1.24%
HSIC	Henry Schein Inc Healthcare	Reduced	262,000	-43,000	$19,309,400	−16.2%	1.22%
NICE	NICE Ltd. CALL + SHARES Technology	Reduced	171,000	-34,600	$18,854,460	−18.9%	1.19%
RELY	Remitly Global, Inc. Technology	Added	1,201,200	+80,000	$18,822,804	+21.7%	1.19%
SPGI	S&P Global Inc. Financial Services	NEW	43,750	NEW	$18,608,623	NEW	1.18%
GOOGL	Alphabet Inc. Communication Services	Added	57,580	+7,800	$16,557,704	+6.3%	1.05%
GPN	Global Payments Inc Industrials	Held	244,300	0	$16,441,390	−13.0%	1.04%
KMPR	KEMPER Corp Financial Services	Reduced	501,090	-190,000	$15,313,310	−45.3%	0.97%
BZH	Beazer Homes USA Inc Consumer Cyclical	Added	777,506	+76,500	$14,959,215	+5.3%	0.95%
CMCSA	Comcast Corp Communication Services	Reduced	500,748	-100,000	$14,376,475	−19.9%	0.91%
CRL	Charles River Laboratories International, Inc. Healthcare	Reduced	69,000	-71,240	$11,902,500	−57.5%	0.75%
IBIT	iShares Bitcoin Trust ETF	Reduced	296,510	-102,000	$11,391,914	−42.4%	0.72%
FIX	Comfort Systems USA Inc PUT Industrials	Held	8,000	0	$11,031,920	+47.8%	0.70%
LRN	Stride, Inc. Consumer Defensive	NEW	90,000	NEW	$7,935,300	NEW	0.50%
DKNG	DraftKings Inc. Consumer Cyclical	Added	364,500	+199,500	$7,880,490	+38.6%	0.50%
LEG	Leggett & Platt Inc Consumer Cyclical	NEW	780,000	NEW	$7,706,400	NEW	0.49%
TFX	Teleflex Inc Healthcare	NEW	64,000	NEW	$7,655,040	NEW	0.48%
C	Citigroup Inc Financial Services	Reduced	64,339	-349,500	$7,296,685	−84.9%	0.46%
GBTC	Grayscale Bitcoin Trust ETF	Held	123,500	0	$6,515,860	−22.8%	0.41%
DELL	Dell Technologies Inc. Technology	NEW	35,800	NEW	$5,875,854	NEW	0.37%
TBLA	Taboola.com Ltd. Communication Services	Held	1,893,541	0	$5,869,977	−32.8%	0.37%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.