Institutional
LAKEWOOD CAPITAL MANAGEMENT, LP
CIK 0001424381
$1.58B
Reported AUM
68
Positions
Q1 2026
Period
2026-05-15
Filed
The Brief · LAKEWOOD CAPITAL MANAGEMENT, LP · Q1 2026
AI · grounded in 13F
Lakewood Capital Management, LP exited its position in ASTS for a reduction of $31.67M. The fund established new positions in MSFT for $35.73M, CDW for $30.38M, and BKNG for $23.56M. Additionally, the manager increased share counts in ICLR by 124.87% and VTRS by 118.34%.
Portfolio · Q1 2026
Top holdings
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | CI | THE CIGNA GROUP | $296.60 | -1.48% | 15.56% | 53.58% | $113.7M | 7.18% | — | HELD |
| 2 | ICLR | ICON PLC | $178.18 | -1.14% | 8.29% | -29.53% | $82.7M | 5.23% | — | HELD |
| 3 | AXTA | AXALTA COATING SYS LTD | $34.83 | -1.72% | 27.39% | 16.04% | $80.2M | 5.07% | — | HELD |
| 4 | GPI | GROUP 1 AUTOMOTIVE INC | $357.97 | 2.09% | -12.23% | 123.15% | $70.4M | 4.45% | — | HELD |
| 5 | ALLY | ALLY FINL INC | $42.94 | -2.65% | 18.52% | -4.72% | $64.8M | 4.10% | — | HELD |
| 6 | SSNC | SS&C TECH HLDGS | $78.31 | 0.53% | -4.56% | 11.85% | $64.0M | 4.04% | — | HELD |
| 7 | SHC | SOTERA HEALTH CO | $17.53 | -1.30% | 59.28% | -27.39% | $58.9M | 3.72% | — | HELD |
| 8 | VTRS | VIATRIS INC | $17.82 | -0.22% | 110.71% | 49.53% | $49.6M | 3.13% | — | HELD |
| 9 | AMRZ | AMRIZE LTD | $49.46 | -1.81% | -0.27% | -0.49% | $45.6M | 2.88% | — | HELD |
| 10 | BC | BRUNSWICK CORP | $80.46 | -1.89% | 48.27% | -6.35% | $42.7M | 2.70% | — | HELD |
| 11 | META | META PLATFORMS INC | $585.07 | -1.41% | -20.62% | 57.79% | $40.5M | 2.56% | — | HELD |
| 12 | TFSL | TFS FINL CORP | $18.21 | -1.46% | 53.58% | 36.25% | $39.8M | 2.52% | — | HELD |
| 13 | IQV | IQVIA HLDGS INC | $247.56 | 1.90% | 33.15% | -6.46% | $39.6M | 2.50% | — | HELD |
| 14 | FAF | FIRST AMERN FINL CORP | $78.17 | -1.25% | 34.92% | 33.46% | $38.8M | 2.45% | — | HELD |
| 15 | ARW | ARROW ELECTRS INC | $204.95 | -3.05% | 78.75% | 69.07% | $36.6M | 2.31% | — | HELD |
| 16 | MSFT | MICROSOFT CORP | $390.50 | -0.72% | -24.89% | 34.54% | $35.7M | 2.26% | — | HELD |
| 17 | UNP | UNION PAC CORP | $292.37 | -0.71% | 36.18% | 50.11% | $33.2M | 2.10% | — | HELD |
| 18 | ELV | ELEVANCE HEALTH INC FORMERLY | $375.96 | -2.53% | 39.76% | 7.69% | $32.9M | 2.08% | — | HELD |
| 19 | AL | AIR LEASE CORP | — | — | — | — | $31.6M | 1.99% | — | HELD |
| 20 | WEX | WEX INC | $188.41 | 3.02% | 13.62% | 2.97% | $30.8M | 1.94% | — | HELD |
| 21 | CDW | CDW CORP | $147.92 | 2.70% | -10.71% | -21.41% | $30.4M | 1.92% | — | HELD |
| 22 | UNFI | UNITED NAT FOODS INC | $50.16 | -1.22% | 86.76% | 37.08% | $29.5M | 1.86% | — | HELD |
| 23 | SW | SMURFIT WESTROCK PLC | $48.26 | -5.00% | 12.14% | 1.12% | $26.9M | 1.70% | — | HELD |
| 24 | JD | JD.COM INC | $32.20 | 1.29% | 6.51% | -53.81% | $26.7M | 1.69% | — | HELD |
| 25 | ABG | ASBURY AUTOMOTIVE GROUP INC | $248.26 | 3.02% | 8.06% | 29.40% | $26.5M | 1.67% | — | HELD |
| 26 | APO | APOLLO GLOBAL MGMT INC | $119.81 | -3.91% | -8.39% | 128.82% | $25.0M | 1.58% | — | HELD |
| 27 | BKNG | BOOKING HOLDINGS INC | $201.30 | 1.00% | -6.71% | 121.27% | $23.6M | 1.49% | — | HELD |
| 28 | MA | MASTERCARD INCORPORATED | $563.56 | 0.14% | 1.14% | 67.42% | $21.8M | 1.38% | — | HELD |
| 29 | V | VISA INC | $369.54 | 0.80% | 9.62% | 67.02% | $21.6M | 1.37% | — | HELD |
| 30 | CPNG | COUPANG INC | $15.16 | -1.81% | -47.25% | -49.40% | $19.6M | 1.24% | — | HELD |
| 31 | HSIC | SCHEIN HENRY INC | $85.83 | 0.14% | — | — | $19.3M | 1.22% | — | HELD |
| 32 | NICE | NICE LTD | $105.02 | 3.56% | — | — | $18.9M | 1.19% | — | HELD |
| 33 | RELY | REMITLY GLOBAL INC | $23.29 | -0.17% | — | — | $18.8M | 1.19% | — | HELD |
| 34 | SPGI | S&P GLOBAL INC | $419.89 | -1.05% | — | — | $18.6M | 1.18% | — | HELD |
| 35 | GOOGL | ALPHABET INC | $336.30 | 0.78% | — | — | $16.6M | 1.05% | — | HELD |
| 36 | GPN | GLOBAL PMTS INC | $88.27 | 0.93% | — | — | $16.4M | 1.04% | — | HELD |
| 37 | KMPR | KEMPER CORP | $30.80 | -0.39% | — | — | $15.3M | 0.97% | — | HELD |
| 38 | BZH | BEAZER HOMES USA INC | $32.49 | -2.72% | — | — | $15.0M | 0.95% | — | HELD |
| 39 | CMCSA | COMCAST CORP NEW | $24.61 | 1.74% | — | — | $14.4M | 0.91% | — | HELD |
| 40 | CRL | CHARLES RIV LABS INTL INC | $234.80 | -2.34% | — | — | $11.9M | 0.75% | — | HELD |
| 41 | IBIT | ISHARES BITCOIN TRUST ETF | $36.00 | -0.39% | — | — | $11.4M | 0.72% | — | HELD |
| 42 | FIX | COMFORT SYS USA INC | $1517.08 | -6.72% | — | — | $11.0M | 0.70% | — | HELD |
| 43 | LRN | STRIDE INC | $97.71 | 1.91% | — | — | $7.9M | 0.50% | — | HELD |
| 44 | DKNG | DRAFTKINGS INC NEW | $24.55 | -0.28% | — | — | $7.9M | 0.50% | — | HELD |
| 45 | LEG | LEGGETT & PLATT INC | $10.27 | -4.38% | — | — | $7.7M | 0.49% | — | HELD |
| 46 | TFX | TELEFLEX INCORPORATED | $134.65 | 0.34% | — | — | $7.7M | 0.48% | — | HELD |
| 47 | C | CITIGROUP INC | $127.11 | -4.05% | — | — | $7.3M | 0.46% | — | HELD |
| 48 | GBTC | GRAYSCALE BITCOIN TRUST ETF | $49.20 | -0.49% | — | — | $6.5M | 0.41% | — | HELD |
| 49 | DELL | DELL TECHNOLOGIES INC | $369.43 | -5.78% | — | — | $5.9M | 0.37% | — | HELD |
| 50 | TBLA | TABOOLA.COM LTD | $5.17 | 3.09% | — | — | $5.9M | 0.37% | — | HELD |
| 51 | SNAP | SNAP INC | $4.73 | -0.84% | — | — | $5.8M | 0.36% | — | HELD |
| 52 | EME | EMCOR GROUP INC | $672.17 | -4.77% | — | — | $5.2M | 0.33% | — | HELD |
| 53 | AVT | AVNET INC | $83.59 | -3.05% | — | — | $5.1M | 0.32% | — | HELD |
| 54 | HIPO | HIPPO HLDGS INC | $29.83 | -1.52% | — | — | $5.0M | 0.31% | — | HELD |
| 55 | QQQ | INVESCO QQQ TR | $661.60 | -2.06% | — | — | $4.9M | 0.31% | — | HELD |
| 56 | LAW | CS DISCO INC | $4.22 | 0.24% | — | — | $4.2M | 0.27% | — | HELD |
| 57 | VSNT | VERSANT MEDIA GROUP INC | $36.95 | -0.78% | — | — | $3.9M | 0.24% | — | HELD |
| 58 | SBET | SHARPLINK INC | $6.14 | -4.66% | — | — | $3.6M | 0.23% | — | HELD |
| 59 | KLAR | KLARNA GROUP PLC | $18.63 | -0.43% | — | — | $3.5M | 0.22% | — | HELD |
| 60 | ASST | STRIVE INC | $11.06 | -7.68% | — | — | $3.3M | 0.21% | — | HELD |
| 61 | COF | CAPITAL ONE FINL CORP | $208.80 | -1.70% | — | — | $3.3M | 0.21% | — | HELD |
| 62 | WAY | WAYSTAR HLDG CORP | $24.52 | 3.50% | — | — | $2.3M | 0.15% | — | HELD |
| 63 | IONQ | IONQ INC | $31.99 | -5.58% | — | — | $1.4M | 0.09% | — | HELD |
| 64 | BAND | BANDWIDTH INC | $36.95 | -29.28% | — | — | $1.2M | 0.07% | — | HELD |
| 65 | QS | QUANTUMSCAPE CORP | $4.96 | -4.06% | — | — | $766K | 0.05% | — | HELD |
| 66 | BTC | GRAYSCALE BITCOIN MINI TR ET | $28.08 | -0.50% | — | — | $741K | 0.05% | — | HELD |
| 67 | QBTS | D-WAVE QUANTUM INC | $16.21 | -8.08% | — | — | $289K | 0.02% | — | HELD |
| 68 | QUBT | QUANTUM COMPUTING INC | $7.30 | -5.44% | — | — | $103K | 0.01% | — | HELD |
Source: SEC EDGAR · accession 0001172661-26-002096. 13F discloses long positions only — shorts, foreign equities, and options are excluded.