Aspire-Lakewood Holdings
ASBP on Nasdaq. Market value $12m.
Should I look at this?
We have not checked this company yet
This is not advice.
Who owns it
None of the long-term investors we follow own it. 13 funds in all.
Largest holders overall
- Jane Street Group$79,192New
- Geode Capital Management$55,931New
- Vanguard Capital Management$55,579New
- Vanguard Fiduciary Trust$53,833New
- Crewe Advisors$3,616New
- Tower Research Capital LLC (TRC)$1,511New
- Toronto Dominion Bank$886New
- Valley Wealth Managers$176Cut
- Crossingbridge Advisors$107
- SBI Securities$11New
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
3 investors own more than 5%.
- Lance FriedmanPassive investor7.9%+3.4 ptsSince 4 August 2026
- GARY SHIRINYANPassive investor7.7%Since 17 June 2026
- Rubenbauer Alois Ryan IIIPassive investor5.0%Since 25 June 2026
- Harraden Circle Investments, LLCPassive investorSold down below 5%Since 31 March 2025
- Highbridge Capital Management, LLCPassive investorSold down below 5%Since 30 June 2026
- Ardsley Advisory Partners LPPassive investorSold down below 5%Since 31 December 2025
| Holder | Stake | Since | |
|---|---|---|---|
Lance Friedman Passive investor | 7.9%+3.4 pts | 4 August 2026 | |
GARY SHIRINYAN Passive investor | 7.7% | 17 June 2026 | |
Rubenbauer Alois Ryan III Passive investor | 5.0% | 25 June 2026 | |
Harraden Circle Investments, LLC Passive investor | Sold down below 5% | 31 March 2025 | |
Highbridge Capital Management, LLC Passive investor | Sold down below 5% | 30 June 2026 | |
Ardsley Advisory Partners LP Passive investor | Sold down below 5% | 31 December 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought or sold on the open market in the last 12 months.
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the serious warning signs we check for were found. 1 thing worth knowing.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 30 Mar 2026, plus the 10-Q filed 13 Aug 2026 and 15 later 8-Ks.
Changed auditor
Worth knowingThe company changed its auditor (the firm that checks its books) in the last two years.
“On September 24, 2026 Turner Stone & Company, LLP ( “Turner” ) was dismissed by the Audit Committee of the Board of Directors of Aspire-Lakewood Holdings, Inc. (the “Company”) as the Company’s independent registered public accounting firm, effective as of that date.”
From an 8-K filed 29 September 2026: Change of auditor. Read it in the filing
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.