# LAKEWOOD CAPITAL MANAGEMENT, LP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1424381. Source: https://holderbook.com/funds/1424381-lakewood-capital-management-lp/

- Reported value: $1.9B
- Positions: 63
- Weight of the ten largest: 42.9%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $117.9M | 427,807 | 6.1% | 31 |
| AXALTA COATING SYS LTD | [AXTA](https://holderbook.com/stocks/AXTA/) | $117.2M | 3,423,648 | 6.0% | 23 |
| ICON PUB LTD CO | [ICLR](https://holderbook.com/stocks/ICLR/) | $101.7M | 585,200 | 5.2% | 5 |
| ALLY FINL INC | [ALLY](https://holderbook.com/stocks/ALLY/) | $80.8M | 1,758,809 | 4.2% | 31 |
| COPA HOLDINGS SA | [CPA](https://holderbook.com/stocks/CPA/) | $77.0M | 494,900 | 4.0% | 1 |
| GROUP 1 AUTOMOTIVE INC | [GPI](https://holderbook.com/stocks/GPI/) | $72.1M | 247,614 | 3.7% | 22 |
| SOTERA HEALTH CO | [SHC](https://holderbook.com/stocks/SHC/) | $70.6M | 3,979,581 | 3.6% | 10 |
| CDW CORP | [CDW](https://holderbook.com/stocks/CDW/) | $68.0M | 483,500 | 3.5% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $65.3M | 115,985 | 3.4% | 14 |
| SS&C TECH HLDGS | [SSNC](https://holderbook.com/stocks/SSNC/) | $63.1M | 1,016,954 | 3.3% | 9 |
| IQVIA HLDGS INC | [IQV](https://holderbook.com/stocks/IQV/) | $61.4M | 317,900 | 3.2% | 5 |
| VIATRIS INC | [VTRS](https://holderbook.com/stocks/VTRS/) | $59.3M | 3,735,900 | 3.1% | 3 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $56.2M | 109,454 | 2.9% | 2 |
| FIRST AMERN FINL CORP | [FAF](https://holderbook.com/stocks/FAF/) | $50.5M | 735,904 | 2.6% | 26 |
| AMRIZE LTD | [AMRZ](https://holderbook.com/stocks/AMRZ/) | $47.3M | 888,200 | 2.4% | 4 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $42.9M | 93,500 | 2.2% | 1 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $41.4M | 120,578 | 2.1% | 2 |
| BRUNSWICK CORP | [BC](https://holderbook.com/stocks/BC/) | $38.8M | 460,467 | 2.0% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $37.9M | 101,534 | 2.0% | 2 |
| ARROW ELECTRS INC | [ARW](https://holderbook.com/stocks/ARW/) | $37.6M | 176,360 | 1.9% | 7 |
| TFS FINL CORP | [TFSL](https://holderbook.com/stocks/TFSL/) | $36.7M | 2,070,382 | 1.9% | 6 |
| ASBURY AUTOMOTIVE GROUP INC | [ABG](https://holderbook.com/stocks/ABG/) | $35.9M | 178,629 | 1.9% | 25 |
| CENTURY COMMUNITIES INC | [CCS](https://holderbook.com/stocks/CCS/) | $34.9M | 487,000 | 1.8% | 1 |
| SMURFIT WESTROCK PLC | [SW](https://holderbook.com/stocks/SW/) | $33.7M | 727,897 | 1.7% | 8 |
| CHARLES RIV LABS INTL INC | [CRL](https://holderbook.com/stocks/CRL/) | $30.4M | 134,000 | 1.6% | 18 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $29.4M | 165,200 | 1.5% | 2 |
| WEX INC | [WEX](https://holderbook.com/stocks/WEX/) | $28.4M | 200,968 | 1.5% | 5 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $27.7M | 101,700 | 1.4% | 3 |
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $26.9M | 227,197 | 1.4% | 18 |
| JD.COM INC | [JD](https://holderbook.com/stocks/JD/) | $25.7M | 1,009,050 | 1.3% | 8 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $23.0M | 59,350 | 1.2% | 13 |
| COUPANG INC | [CPNG](https://holderbook.com/stocks/CPNG/) | $22.7M | 1,305,000 | 1.2% | 2 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $21.6M | 60,580 | 1.1% | 31 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $21.1M | 51,750 | 1.1% | 2 |
| GLOBAL PMTS INC | [GPN](https://holderbook.com/stocks/GPN/) | $17.7M | 244,300 | 0.9% | 18 |
| REMITLY GLOBAL INC | [RELY](https://holderbook.com/stocks/RELY/) | $16.8M | 751,200 | 0.9% | 3 |
| NICE LTD | [NICE](https://holderbook.com/stocks/NICE/) | $16.4M | 116,800 | 0.8% | 9 |
| UNITED NAT FOODS INC | [UNFI](https://holderbook.com/stocks/UNFI/) | $16.0M | 350,000 | 0.8% | 3 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $15.0M | 38,500 | 0.8% | 1 |
| INGRAM MICRO HLDG CORP | [INGM](https://holderbook.com/stocks/INGM/) | $10.8M | 395,000 | 0.6% | 1 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $10.3M | 420,748 | 0.5% | 31 |
| LEGGETT & PLATT INC | [LEG](https://holderbook.com/stocks/LEG/) | $9.7M | 830,000 | 0.5% | 2 |
| TABOOLA.COM LTD | [TBLA](https://holderbook.com/stocks/TBLA/) | $9.5M | 1,893,541 | 0.5% | 12 |
| KEMPER CORP | [KMPR](https://holderbook.com/stocks/KMPR/) | $9.2M | 343,090 | 0.5% | 11 |
| SCHEIN HENRY INC | [HSIC](https://holderbook.com/stocks/HSIC/) | $8.1M | 97,000 | 0.4% | 3 |
| STRIDE INC | [LRN](https://holderbook.com/stocks/LRN/) | $7.8M | 90,000 | 0.4% | 2 |
| DRAFTKINGS INC NEW | [DKNG](https://holderbook.com/stocks/DKNG/) | $7.7M | 304,500 | 0.4% | 4 |
| LKQ CORP | [LKQ](https://holderbook.com/stocks/LKQ/) | $7.0M | 265,000 | 0.4% | 1 |
| FERMI INC | [FRMI](https://holderbook.com/stocks/FRMI/) | $6.9M | 600,000 | 0.4% | 1 |
| INSPERITY INC | [NSP](https://holderbook.com/stocks/NSP/) | $6.8M | 165,000 | 0.4% | 1 |
| AVNET INC | [AVT](https://holderbook.com/stocks/AVT/) | $6.4M | 72,000 | 0.3% | 2 |
| EMCOR GROUP INC | [EME](https://holderbook.com/stocks/EME/) | $5.8M | 7,000 | 0.3% | 3 |
| SAMSARA INC | [IOT](https://holderbook.com/stocks/IOT/) | $5.7M | 175,000 | 0.3% | 1 |
| GRAYSCALE BITCOIN TRUST ETF | [GBTC](https://holderbook.com/stocks/GBTC/) | $5.6M | 123,500 | 0.3% | 10 |
| SNAP INC | [SNAP](https://holderbook.com/stocks/SNAP/) | $5.5M | 0 | 0.3% | 2 |
| KLARNA GROUP PLC | [KLAR](https://holderbook.com/stocks/KLAR/) | $5.5M | 270,000 | 0.3% | 3 |
| GDS HLDGS LTD | [GDS](https://holderbook.com/stocks/GDS/) | $5.4M | 179,000 | 0.3% | 1 |
| HIPPO HLDGS INC | [HIPO](https://holderbook.com/stocks/HIPO/) | $5.4M | 190,000 | 0.3% | 5 |
| CS DISCO INC | [LAW](https://holderbook.com/stocks/LAW/) | $4.2M | 1,106,531 | 0.2% | 12 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $3.8M | 113,510 | 0.2% | 10 |
| VERSANT MEDIA GROUP INC | [VSNT](https://holderbook.com/stocks/VSNT/) | $3.7M | 104,029 | 0.2% | 2 |
| SHARPLINK INC | [SBET](https://holderbook.com/stocks/SBET/) | $2.7M | 559,000 | 0.1% | 2 |
| GRAYSCALE BITCOIN MINI TR ET | [BTC](https://holderbook.com/stocks/BTC/) | $641.0K | 24,700 | 0.0% | 7 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +12.9% | +14.8% | -1.9% | 100% |
| Q1 2026 | -7.3% | -4.6% | -2.6% | 100% |
| Q4 2025 | +0.3% | +2.4% | -2.0% | 100% |
| Q3 2025 | +3.5% | +7.8% | -4.3% | 98% |
| Q2 2025 | +6.3% | +10.5% | -4.2% | 98% |
| Q1 2025 | -4.5% | -4.6% | +0.0% | 96% |
| Q4 2024 | -1.9% | +2.1% | -4.1% | 97% |
| Q3 2024 | +7.7% | +5.4% | +2.3% | 95% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.9B | 63 |
| Q1 2026 | $1.6B | 68 |
| Q4 2025 | $1.5B | 62 |
| Q3 2025 | $1.3B | 56 |
| Q2 2025 | $1.3B | 48 |
| Q1 2025 | $1.1B | 46 |
| Q4 2024 | $1.1B | 44 |
| Q3 2024 | $1.3B | 46 |
| Q2 2024 | $1.2B | 43 |
| Q1 2024 | $1.2B | 41 |
| Q4 2023 | $1.2B | 39 |
| Q3 2023 | $1.1B | 37 |