LAKEWOOD CAPITAL MANAGEMENT, LP

CIK

1424381

Location

New York, NY

Portfolio Value

Mid $1,582,815,568

Diversification

Diversified

Filing Date

Global Rank

#1,127 / 8,232 ▲ 140

Top Industry

Diagnostics & Research 12.4%

3Y Alpha vs SPY

-5.0%

Period ended 2 months ago

Filed May 15, 2026 · 30d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+56.8%

SPY

+76.3%

Annualised alpha

-4.6%

Max drawdown

−21.2%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

68 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%

+0.7 pts

HHI

289

Diversified−5

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%	$271,813,480	14
Consumer Cyclical	16.9%	$267,867,574	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	$23,556,739
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	$18,608,625
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 positions · $1,582,815,568 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	$23,556,739	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. 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	$18,608,625	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	−14.6%	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 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%