LAKEWOOD CAPITAL MANAGEMENT, LP

Registered adviser

CIK

1424381

Location

New York, NY

Portfolio Value

Mid $1,941,186,901

Diversification

Diversified

Reports for

Lakewood Capital Partners, LP Lakewood Capital Advisors, LLC

Filing Date

Global Rank

#1,632 / 8,818 ▲ 55

Top Industry

Diagnostics & Research 13.7%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 156429

Roster of Oct 1, 2026

Regulatory AUM

$3,398,686,000

Main clients

Pooled investment vehicles (100% of AUM)

Private funds

1 fund · Hedge funds

Focus by fund count, roster of Oct 1, 2026

$3,398,686,000 gross assets

Private funds on Schedule D 7.B.(1)

As filed Feb 28, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$3,131,400,000 gross assets in 1 fund Hedge funds $3,131,400,000 (1)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$3,398,686,000	Pooled investment vehicles (100%)
Mar 2025 to Mar 2026	$3,158,952,000	Pooled investment vehicles (100%)
Mar 2024 to Feb 2025	$3,131,400,000	Pooled investment vehicles (100%)
May 2023 to Feb 2024	$2,851,200,000	Pooled investment vehicles (100%)
Apr 2023	$2,851,200,000	Pooled investment vehicles (100%)
Apr 2022 to Mar 2023	$3,665,000,000	Pooled investment vehicles (100%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 43.2%, 33.6 effective positions, active share 92.0% against the S&P 500 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

56.4% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 11.0 quarters, but 16.6% of the book was already held when coverage starts

Closest benchmark: the S&P 500 as of 2026-06-30, active share 92.0%; sector active share 36.2% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

63 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

6.1%

−1.1 pts

Top 5

25.5%

−0.5 pts

Top 10

42.9%

+0.4 pts

HHI

294

Diversified+5

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Healthcare	25.1%	$487,435,707	9
Financial Services	17.3%	$336,287,264	11
Technology	15.5%	$300,708,648	12
Consumer Cyclical	14.6%	$282,690,854	10
Basic Materials	8.5%	$164,498,294	2
Communication Services	8.2%	$159,004,471	7
Industrials	7.0%	$135,005,711	5
Real Estate	2.2%	$41,768,420	2
Consumer Defensive	1.2%	$23,746,100	2
Unclassified	0.5%	$10,041,432	3

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

24 positions

Ticker	Company	Δ Shares	Shares	Value
AXTA	Axalta Coating Systems Ltd.	+528,000	3,423,648	$117,157,234
CPNG	Coupang, Inc.	+265,000	1,305,000	$22,667,850
CDW	CDW Corp	+232,500	483,500	$67,999,440
BKNG	Booking Holdings Inc.	+159,605	165,200	$29,445,248
ALLY	Ally Financial Inc.	+106,000	1,758,809	$80,817,273
JD	JD.com, Inc.	+105,000	1,009,050	$25,710,594
FAF	First American Financial Corp	+92,000	735,904	$50,475,655
IQV	Iqvia Holdings Inc.	+85,500	317,900	$61,424,638
AMRZ	Amrize Ltd	+74,000	888,200	$47,341,060
SSNC	SS&C Technologies Holdings Inc	+70,000	1,016,954	$63,101,995
MA	Mastercard Inc	+65,791	109,454	$56,215,574
CRL	Charles River Laboratories International, Inc.	+65,000	134,000	$30,389,860
VTRS	Viatris Inc	+65,000	3,735,900	$59,326,092
SW	Smurfit Westrock plc	+52,000	727,897	$33,672,515
—		+50,000	830,000	$9,719,300
V	Visa Inc.	+49,002	120,578	$41,369,106
META	Meta Platforms, Inc.	+45,130	115,985	$65,333,190
ABG	Asbury Automotive Group Inc	+43,000	178,629	$35,918,719
GPI	Group 1 Automotive Inc	+34,538	247,614	$72,097,768
SPGI	S&P Global Inc.	+8,000	51,750	$21,075,704
MSFT	Microsoft Corp	+5,000	101,534	$37,874,212
APO	Apollo Global Management, Inc.	+3,000	227,197	$26,879,677
GOOGL	Alphabet Inc.	+3,000	60,580	$21,649,474
CI	Cigna Group	+1,500	427,807	$117,937,833
No positions match the current search.

Trimmed

Positions the filer reduced

15 positions

Ticker	Company	Δ Shares	Shares	Value
TFSL	TFS Financial CORP	−765,000	2,070,382	$36,687,169
RELY	Remitly Global, Inc.	−450,000	751,200	$16,834,392
UNFI	United Natural Foods Inc	−305,000	350,000	$15,984,500
IBIT	iShares Bitcoin Trust ETF	−183,000	113,510	$3,778,747
HSIC	Henry Schein Inc	−165,000	97,000	$8,101,440
ICLR	Icon PLC	−162,500	585,200	$101,655,092
KMPR	KEMPER Corp	−158,000	343,090	$9,249,706
BC	Brunswick Corp	−127,000	460,467	$38,789,740
SHC	Sotera Health Co	−125,000	3,979,581	$70,637,562
CMCSA	Comcast Corp	−80,000	420,748	$10,329,363
ARW	Arrow Electronics, Inc.	−79,000	176,360	$37,636,987
DKNG	DraftKings Inc.	−60,000	304,500	$7,691,670
ELV	Elevance Health, Inc.	−53,000	59,350	$22,952,425
UNP	Union Pacific Corp	−35,000	101,700	$27,662,400
AVT	Avnet Inc	−11,000	72,000	$6,395,040
No positions match the current search.

New Positions

Positions the filer opened this quarter

10 positions

Ticker	Company	Shares	Value
CPA	Copa Holdings, S.A.	494,900	$76,991,593
SPOT	Spotify Technology S.A.	93,500	$42,928,655
CCS	Century Communities, Inc.	487,000	$34,898,420
HCA	HCA Healthcare, Inc.	38,500	$15,010,765
INGM	Ingram Micro Holding Corp	395,000	$10,834,850
LKQ	Lkq Corp	265,000	$6,977,450
NSP	Insperity, Inc.	165,000	$6,816,150
IOT	Samsara Inc.	175,000	$5,675,250
FRMI	Fermi Inc.	600,000	$5,496,000
GDS	GDS Holdings Ltd	179,000	$5,375,370
No positions match the current search.

Sold Out

Positions the filer fully exited

10 positions

Ticker	Company	Shares	Value
—		485,878	$31,552,917
BZH	Beazer Homes USA Inc	777,506	$14,959,215
TFX	Teleflex Inc	64,000	$7,655,040
C	Citigroup Inc	64,339	$7,296,685
DELL	Dell Technologies Inc.	35,800	$5,875,854
QQQ	Invesco Qqq Trust, Series 1	8,500	$4,906,030
ASST	Strive, Inc.	328,570	$3,292,271
COF	Capital One Financial Corp	18,000	$3,283,740
WAY	Waystar Holding Corp.	96,700	$2,331,437
BAND	Bandwidth Inc.	65,721	$1,171,148
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

63 tracked positions · $1,941,186,901 total · filing declares 65 positions · $1,941,186,913 · as of Jun 30, 2026

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

Showing 1–50 of 63 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
CI	Cigna Group Healthcare	Added	427,807	+1,500	$117,937,833	+3.7%	26+	before history	6.08%
AXTA	Axalta Coating Systems Ltd. Basic Materials	Added	3,423,648	+528,000	$117,157,234	+46.1%	23	$30.22	6.04%
ICLR	Icon PLC Healthcare	Reduced	585,200	-162,500	$101,655,092	+22.9%	5	$144.96	5.24%
ALLY	Ally Financial Inc. Financial Services	Added	1,758,809	+106,000	$80,817,273	+24.6%	26+	before history	4.16%
CPA	Copa Holdings, S.A. Industrials	NEW	494,900	NEW	$76,991,593	NEW	1	$130.16	3.97%
GPI	Group 1 Automotive Inc Consumer Cyclical	Added	247,614	+34,538	$72,097,768	+2.3%	22	$275.15	3.71%
SHC	Sotera Health Co Healthcare	Reduced	3,979,581	-125,000	$70,637,562	+20.0%	10	$15.00	3.64%
CDW	CDW Corp Technology	Added	483,500	+232,500	$67,999,440	+123.9%	2	$125.98	3.50%
META	Meta Platforms, Inc. Communication Services	Added	115,985	+45,130	$65,333,190	+61.2%	14	$592.15	3.37%
SSNC	SS&C Technologies Holdings Inc Technology	Added	1,016,954	+70,000	$63,101,995	−1.4%	9	$70.46	3.25%
IQV	Iqvia Holdings Inc. Healthcare	Added	317,900	+85,500	$61,424,638	+55.0%	5	$167.73	3.16%
VTRS	Viatris Inc Healthcare	Added	3,735,900	+65,000	$59,326,092	+19.6%	3	$12.58	3.06%
MA	Mastercard Inc Financial Services	Added	109,454	+65,791	$56,215,574	+157.7%	2	$509.81	2.90%
FAF	First American Financial Corp Financial Services	Added	735,904	+92,000	$50,475,655	+30.0%	26+	before history	2.60%
AMRZ	Amrize Ltd Basic Materials	Added	888,200	+74,000	$47,341,060	+3.8%	4	$52.08	2.44%
SPOT	Spotify Technology S.A. Communication Services	NEW	93,500	NEW	$42,928,655	NEW	1	$476.71	2.21%
V	Visa Inc. Financial Services	Added	120,578	+49,002	$41,369,106	+91.2%	2	$321.35	2.13%
BC	Brunswick Corp Consumer Cyclical	Reduced	460,467	-127,000	$38,789,740	−9.3%	26+	before history	2.00%
MSFT	Microsoft Corp Technology	Added	101,534	+5,000	$37,874,212	+6.0%	2	$417.76	1.95%
ARW	Arrow Electronics, Inc. Technology	Reduced	176,360	-79,000	$37,636,987	+2.8%	7	$115.06	1.94%
TFSL	TFS Financial CORP Financial Services	Reduced	2,070,382	-765,000	$36,687,169	−7.9%	6	$13.02	1.89%
ABG	Asbury Automotive Group Inc Consumer Cyclical	Added	178,629	+43,000	$35,918,719	+35.5%	25	$166.51	1.85%
CCS	Century Communities, Inc. Real Estate	NEW	487,000	NEW	$34,898,420	NEW	1	$57.86	1.80%
SW	Smurfit Westrock plc Consumer Cyclical	Added	727,897	+52,000	$33,672,515	+25.0%	8	$45.31	1.73%
CRL	Charles River Laboratories International, Inc. Healthcare	Added	134,000	+65,000	$30,389,860	+155.3%	18	$209.62	1.57%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	165,200	+159,605	$29,445,248	+25.0%	2	unpriced	1.52%
WEX	WEX Inc. Technology	Held	200,968	0	$28,354,575	−7.8%	5	$139.68	1.46%
UNP	Union Pacific Corp Industrials	Reduced	101,700	-35,000	$27,662,400	−16.6%	3	$228.26	1.43%
APO	Apollo Global Management, Inc. Financial Services	Added	227,197	+3,000	$26,879,677	+7.6%	18	$108.67	1.38%
JD	JD.com, Inc. Consumer Cyclical	Added	1,009,050	+105,000	$25,710,594	−3.8%	8	$32.35	1.32%
ELV	Elevance Health, Inc. Healthcare	Reduced	59,350	-53,000	$22,952,425	−30.2%	13	$402.82	1.18%
CPNG	Coupang, Inc. Consumer Cyclical	Added	1,305,000	+265,000	$22,667,850	+15.4%	2	$19.27	1.17%
GOOGL	Alphabet Inc. Communication Services	Added	60,580	+3,000	$21,649,474	+30.8%	26+	before history	1.12%
SPGI	S&P Global Inc. Financial Services	Added	51,750	+8,000	$21,075,704	+13.3%	2	unpriced	1.09%
GPN	Global Payments Inc Industrials	Held	244,300	0	$17,726,408	+7.8%	18	$123.35	0.91%
RELY	Remitly Global, Inc. Technology	Reduced	751,200	-450,000	$16,834,392	−10.6%	3	$14.55	0.87%
NICE	NICE Ltd. CALL + SHARES Technology	Added	181,000	+10,000	$16,443,850	−12.8%	9	$163.86	0.85%
UNFI	United Natural Foods Inc Consumer Defensive	Reduced	350,000	-305,000	$15,984,500	−45.8%	3	$37.36	0.82%
HCA	HCA Healthcare, Inc. Healthcare	NEW	38,500	NEW	$15,010,765	NEW	1	$422.76	0.77%
INGM	Ingram Micro Holding Corp Technology	NEW	395,000	NEW	$10,834,850	NEW	1	$28.09	0.56%
CMCSA	Comcast Corp Communication Services	Reduced	420,748	-80,000	$10,329,363	−28.2%	26+	before history	0.53%
		Added	830,000	+50,000	$9,719,300	+26.1%	2	$11.37	0.50%
TBLA	Taboola.com Ltd. Communication Services	Held	1,893,541	0	$9,467,705	+61.3%	12	$3.63	0.49%
KMPR	KEMPER Corp Financial Services	Reduced	343,090	-158,000	$9,249,706	−39.6%	11	$52.47	0.48%
HSIC	Henry Schein Inc Healthcare	Reduced	97,000	-165,000	$8,101,440	−58.0%	3	$70.36	0.42%
LRN	Stride, Inc. Consumer Defensive	Held	90,000	0	$7,761,600	−2.2%	2	$81.11	0.40%
DKNG	DraftKings Inc. Consumer Cyclical	Reduced	304,500	-60,000	$7,691,670	−2.4%	4	$33.86	0.40%
LKQ	Lkq Corp Consumer Cyclical	NEW	265,000	NEW	$6,977,450	NEW	1	$27.78	0.36%
FRMI	Fermi Inc. CALL + SHARES Real Estate	NEW	750,000	NEW	$6,870,000	NEW	1	$6.32	0.35%
NSP	Insperity, Inc. Industrials	NEW	165,000	NEW	$6,816,150	NEW	1	$32.77	0.35%

Showing the top 50 of 63 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

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.