Lakewood Capital Management, LP
New York, NY
$1.9bn in 62 US stocks at the end of 30 June 2026. The top 10 are 43.2% of the money. It changed about 18.5% of the portfolio this quarter.
Value
$1.9bn
Stocks
62
Top 10 share
43.2%
Turnover
18.5%
What changed this quarter
New
Bought for the first time this quarter.
- Copa HoldingsCPA4.0% of the fund
- Spotify TechnologySPOT2.2% of the fund
- Century CommunitiesCCS1.8% of the fund
- HCA HealthcareHCA0.8% of the fund
- Ingram Micro HoldingINGM0.6% of the fund
- LKQLKQ0.4% of the fund
- InsperityNSP0.4% of the fund
- SamsaraIOT0.3% of the fund
- FermiFRMI0.3% of the fund
- GDS HldgsGDS0.3% of the fund
Added
Bought more of a stock they already held.
- Axalta Coating SystemsAXTA6.1% of the fund+18%
- Ally FinancialALLY4.2% of the fund+6%
- Group 1 AutomotiveGPI3.7% of the fund+16%
- CDWCDW3.5% of the fund+93%
- Meta PlatformsMETA3.4% of the fund+64%
- SS&C Technologies HoldingsSSNC3.3% of the fund+7%
- Iqvia HoldingsIQV3.2% of the fund+37%
- MastercardMA2.9% of the fund+151%
- First American FinancialFAF2.6% of the fund+14%
- AmrizeAMRZ2.5% of the fund+9%
- VisaV2.1% of the fund+68%
- MicrosoftMSFT2.0% of the fund+5%
- Asbury Automotive GroupABG1.9% of the fund+32%
- Smurfit WestrockSW1.7% of the fund+8%
- Charles River Laboratories InternationalCRL1.6% of the fund+94%
- Booking HoldingsBKNG1.5% of the fund+18%
- Jd.comJD1.3% of the fund+12%
- CoupangCPNG1.2% of the fund+25%
- AlphabetGOOGL1.1% of the fund+5%
- S&P GlobalSPGI1.1% of the fund+18%
- Leggett & PlattLEG0.5% of the fund+6%
Cut
Sold some of their stake.
- IconICLR5.3% of the fund-22%
- Sotera HealthSHC3.7% of the fund-3%
- BrunswickBC2.0% of the fund-22%
- Arrow ElectronicsARW2.0% of the fund-31%
- TFS FinancialTFSL1.9% of the fund-27%
- Union PacificUNP1.4% of the fund-26%
- Elevance HealthELV1.2% of the fund-47%
- Remitly GlobalRELY0.9% of the fund-37%
- United Natural FoodsUNFI0.8% of the fund-47%
- ComcastCMCSA0.5% of the fund-16%
- KemperKMPR0.5% of the fund-32%
- Henry ScheinHSIC0.4% of the fund-63%
- DraftKingsDKNG0.4% of the fund-16%
- AvnetAVT0.3% of the fund-13%
- Ishares Bitcoin Trust ETFIBIT0.2% of the fund-62%
Sold out
Sold their entire stake.
- Air Lease-100%
- Beazer Homes USABZH-100%
- TeleflexTFX-100%
- CitigroupC-100%
- Dell TechnologiesDELL-100%
- Invesco QQQ TRQQQ-100%
- StriveASST-100%
- Capital One FinancialCOF-100%
- Waystar HoldingWAY-100%
- BandwidthBAND-100%
Holdings
- Jd.comJD
- Share
- 1.3%
- Value
- $26m
- Shares
- 1,009,050
+12%
- NiceNICE
- Share
- 0.6%
- Value
- $11m
- Shares
- 116,800
Held
- Leggett & PlattLEG
- Share
- 0.5%
- Value
- $10m
- Shares
- 830,000
+6%
- Grayscale Bitcoin Trust ETFGBTC
- Share
- 0.3%
- Value
- $6m
- Shares
- 123,500
Held
- GDS HldgsGDS
- Share
- 0.3%
- Value
- $5m
- Shares
- 179,000
New
- Ishares Bitcoin Trust ETFIBIT
- Share
- 0.2%
- Value
- $4m
- Shares
- 113,510
-62%
- Grayscale Bitcoin Mini TR ETBTC
- Share
- <0.1%
- Value
- $640,965
- Shares
- 24,700
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Cigna GroupCI | 6.1% | $118m | 427,807 | Held |
| Axalta Coating SystemsAXTA | 6.1% | $117m | 3,423,648 | +18% |
| IconICLR | 5.3% | $102m | 585,200 | -22% |
| Ally FinancialALLY | 4.2% | $81m | 1,758,809 | +6% |
| Copa HoldingsCPA | 4.0% | $77m | 494,900 | New |
| Group 1 AutomotiveGPI | 3.7% | $72m | 247,614 | +16% |
| Sotera HealthSHC | 3.7% | $71m | 3,979,581 | -3% |
| CDWCDW | 3.5% | $68m | 483,500 | +93% |
| Meta PlatformsMETA | 3.4% | $65m | 115,985 | +64% |
| SS&C Technologies HoldingsSSNC | 3.3% | $63m | 1,016,954 | +7% |
| Iqvia HoldingsIQV | 3.2% | $61m | 317,900 | +37% |
| ViatrisVTRS | 3.1% | $59m | 3,735,900 | Held |
| MastercardMA | 2.9% | $56m | 109,454 | +151% |
| First American FinancialFAF | 2.6% | $50m | 735,904 | +14% |
| AmrizeAMRZ | 2.5% | $47m | 888,200 | +9% |
| Spotify TechnologySPOT | 2.2% | $43m | 93,500 | New |
| VisaV | 2.1% | $41m | 120,578 | +68% |
| BrunswickBC | 2.0% | $39m | 460,467 | -22% |
| MicrosoftMSFT | 2.0% | $38m | 101,534 | +5% |
| Arrow ElectronicsARW | 2.0% | $38m | 176,360 | -31% |
| TFS FinancialTFSL | 1.9% | $37m | 2,070,382 | -27% |
| Asbury Automotive GroupABG | 1.9% | $36m | 178,629 | +32% |
| Century CommunitiesCCS | 1.8% | $35m | 487,000 | New |
| Smurfit WestrockSW | 1.7% | $34m | 727,897 | +8% |
| Charles River Laboratories InternationalCRL | 1.6% | $30m | 134,000 | +94% |
| Booking HoldingsBKNG | 1.5% | $29m | 165,200 | +18% |
| WEXWEX | 1.5% | $28m | 200,968 | Held |
| Union PacificUNP | 1.4% | $28m | 101,700 | -26% |
| Apollo Global ManagementAPO | 1.4% | $27m | 227,197 | Held |
| Jd.comJD | 1.3% | $26m | 1,009,050 | +12% |
| Elevance HealthELV | 1.2% | $23m | 59,350 | -47% |
| CoupangCPNG | 1.2% | $23m | 1,305,000 | +25% |
| AlphabetGOOGL | 1.1% | $22m | 60,580 | +5% |
| S&P GlobalSPGI | 1.1% | $21m | 51,750 | +18% |
| Global PaymentsGPN | 0.9% | $18m | 244,300 | Held |
| Remitly GlobalRELY | 0.9% | $17m | 751,200 | -37% |
| United Natural FoodsUNFI | 0.8% | $16m | 350,000 | -47% |
| HCA HealthcareHCA | 0.8% | $15m | 38,500 | New |
| Ingram Micro HoldingINGM | 0.6% | $11m | 395,000 | New |
| NiceNICE | 0.6% | $11m | 116,800 | Held |
| ComcastCMCSA | 0.5% | $10m | 420,748 | -16% |
| Leggett & PlattLEG | 0.5% | $10m | 830,000 | +6% |
| Taboola.comTBLA | 0.5% | $9m | 1,893,541 | Held |
| KemperKMPR | 0.5% | $9m | 343,090 | -32% |
| Henry ScheinHSIC | 0.4% | $8m | 97,000 | -63% |
| StrideLRN | 0.4% | $8m | 90,000 | Held |
| DraftKingsDKNG | 0.4% | $8m | 304,500 | -16% |
| LKQLKQ | 0.4% | $7m | 265,000 | New |
| InsperityNSP | 0.4% | $7m | 165,000 | New |
| AvnetAVT | 0.3% | $6m | 72,000 | -13% |
| EMCOR GroupEME | 0.3% | $6m | 7,000 | Held |
| SamsaraIOT | 0.3% | $6m | 175,000 | New |
| Grayscale Bitcoin Trust ETFGBTC | 0.3% | $6m | 123,500 | Held |
| FermiFRMI | 0.3% | $5m | 600,000 | New |
| Klarna GroupKLAR | 0.3% | $5m | 270,000 | Held |
| GDS HldgsGDS | 0.3% | $5m | 179,000 | New |
| Hippo HoldingsHIPO | 0.3% | $5m | 190,000 | Held |
| CS DiscoLAW | 0.2% | $4m | 1,106,531 | Held |
| Ishares Bitcoin Trust ETFIBIT | 0.2% | $4m | 113,510 | -62% |
| Versant Media GroupVSNT | 0.2% | $4m | 104,029 | Held |
| SharplinkSBET | 0.1% | $3m | 559,000 | Held |
| Grayscale Bitcoin Mini TR ETBTC | <0.1% | $640,965 | 24,700 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 46.8% since 30 June 2025.
Where the money is
Health care25.3%
Financial services19.8%
Retail & consumer13.4%
Technology13.3%
Materials10.3%
Media & telecom7.5%
Industrials6.7%
Everyday goods0.8%
Real estate0.3%
Other2.7%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.