LAKEWOOD CAPITAL MANAGEMENT, LP
CIK 0001424381
Annualised vol
7.285163%
Beta
0.321369
HHI
293.687959
Top-10 weight
42.949444%
VaR 95%
0.690761%
VaR 99%
1.269061%
Max drawdown
15.584427%
Matched value
52.127185%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| GPI | ADDED | 247,614 | 213,076 | 16.21% | 72,097,768 |
| SHC | REDUCED | 3,979,581 | 4,104,581 | -3.05% | 70,637,563 |
| CDW | ADDED | 483,500 | 251,000 | 92.63% | 67,999,440 |
| META | ADDED | 115,985 | 70,855 | 63.69% | 65,333,191 |
| VTRS | ADDED | 3,735,900 | 3,670,900 | 1.77% | 59,326,092 |
| MA | ADDED | 109,454 | 43,663 | 150.68% | 56,215,574 |
| AMRZ | ADDED | 888,200 | 814,200 | 9.09% | 47,341,060 |
| SPOT | NEW | 93,500 | - | - | 42,928,655 |
| V | ADDED | 120,578 | 71,576 | 68.46% | 41,369,106 |
| BC | REDUCED | 460,467 | 587,467 | -21.62% | 38,789,740 |
| MSFT | ADDED | 101,534 | 96,534 | 5.18% | 37,874,213 |
| ABG | ADDED | 178,629 | 135,629 | 31.7% | 35,918,719 |
| CCS | NEW | 487,000 | - | - | 34,898,420 |
| SW | ADDED | 727,897 | 675,897 | 7.69% | 33,672,515 |
| BKNG | ADDED | 165,200 | 5,595 | 2852.64% | 29,445,248 |
| WEX | UNCHANGED | 200,968 | 200,968 | 0.0% | 28,354,575 |
| JD | ADDED | 1,009,050 | 904,050 | 11.61% | 25,710,594 |
| CPNG | ADDED | 1,305,000 | 1,040,000 | 25.48% | 22,667,850 |
| GOOGL | ADDED | 60,580 | 57,580 | 5.21% | 21,649,475 |
| SPGI | ADDED | 51,750 | 43,750 | 18.29% | 21,075,705 |
| RELY | REDUCED | 751,200 | 1,201,200 | -37.46% | 16,834,392 |
| NICE | ADDED | 181,000 | 171,000 | 5.85% | 16,443,850 |
| HCA | NEW | 38,500 | - | - | 15,010,765 |
| CMCSA | REDUCED | 420,748 | 500,748 | -15.98% | 10,329,363 |
| TBLA | UNCHANGED | 1,893,541 | 1,893,541 | 0.0% | 9,467,705 |
| KMPR | REDUCED | 343,090 | 501,090 | -31.53% | 9,249,706 |
| LRN | UNCHANGED | 90,000 | 90,000 | 0.0% | 7,761,600 |
| DKNG | REDUCED | 304,500 | 364,500 | -16.46% | 7,691,670 |
| LKQ | NEW | 265,000 | - | - | 6,977,450 |
| FRMI | NEW | 750,000 | - | - | 6,870,000 |
| NSP | NEW | 165,000 | - | - | 6,816,150 |
| AVT | REDUCED | 72,000 | 83,000 | -13.25% | 6,395,040 |
| EME | UNCHANGED | 7,000 | 7,000 | 0.0% | 5,809,160 |
| IOT | NEW | 175,000 | - | - | 5,675,250 |
| GBTC | UNCHANGED | 123,500 | 123,500 | 0.0% | 5,621,720 |
| SNAP | UNCHANGED | 1,250,000 | 1,250,000 | 0.0% | 5,550,000 |
| KLAR | UNCHANGED | 270,000 | 270,000 | 0.0% | 5,464,800 |
| LAW | UNCHANGED | 1,106,531 | 1,106,531 | 0.0% | 4,182,687 |
| IBIT | REDUCED | 113,510 | 296,510 | -61.72% | 3,778,748 |
| VSNT | UNCHANGED | 104,029 | 104,029 | 0.0% | 3,746,084 |
| SBET | UNCHANGED | 559,000 | 559,000 | 0.0% | 2,683,200 |
| BZH | CLOSED OUT | 0 | 777,506 | -100.0% | 0 |
| ICLR | CLOSED OUT | 0 | 747,700 | -100.0% | 0 |
| ASST | CLOSED OUT | 0 | 328,570 | -100.0% | 0 |
| QS | CLOSED OUT | 0 | 120,000 | -100.0% | 0 |
| BAND | CLOSED OUT | 0 | 65,721 | -100.0% | 0 |
| C | CLOSED OUT | 0 | 64,339 | -100.0% | 0 |
| TFX | CLOSED OUT | 0 | 64,000 | -100.0% | 0 |
| IONQ | CLOSED OUT | 0 | 50,000 | -100.0% | 0 |
| DELL | CLOSED OUT | 0 | 35,800 | -100.0% | 0 |
| QBTS | CLOSED OUT | 0 | 20,000 | -100.0% | 0 |
| QUBT | CLOSED OUT | 0 | 15,000 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| - | THE CIGNA GROUP | COM | 125523100 | 117,937,834 | 6.08 | 427807.0 | |
| - | AXALTA COATING SYS LTD | COM | G0750C108 | 117,157,235 | 6.04 | 3423648.0 | |
| - | ICON PUB LTD CO | SHS | G4705A100 | 101,655,092 | 5.24 | 585200.0 | |
| - | ALLY FINL INC | COM | 02005N100 | 80,817,274 | 4.16 | 1758809.0 | |
| - | COPA HOLDINGS SA | CL A | P31076105 | 76,991,593 | 3.97 | 494900.0 | |
| GPI | ADDED | GROUP 1 AUTOMOTIVE INC | COM | 398905109 | 72,097,768 | 3.71 | 247614.0 |
| SHC | REDUCED | SOTERA HEALTH CO | COM | 83601L102 | 70,637,563 | 3.64 | 3979581.0 |
| CDW | ADDED | CDW CORP | COM | 12514G108 | 67,999,440 | 3.5 | 483500.0 |
| META | ADDED | META PLATFORMS INC | CL A | 30303M102 | 65,333,191 | 3.37 | 115985.0 |
| - | SS&C TECH HLDGS | COM | 78467J100 | 63,101,996 | 3.25 | 1016954.0 | |
| - | IQVIA HLDGS INC | COM | 46266C105 | 61,424,638 | 3.16 | 317900.0 | |
| VTRS | ADDED | VIATRIS INC | COM | 92556V106 | 59,326,092 | 3.06 | 3735900.0 |
| MA | ADDED | MASTERCARD INCORPORATED | CL A | 57636Q104 | 56,215,574 | 2.9 | 109454.0 |
| - | FIRST AMERN FINL CORP | COM | 31847R102 | 50,475,655 | 2.6 | 735904.0 | |
| AMRZ | ADDED | AMRIZE LTD | SHS | H2927K103 | 47,341,060 | 2.44 | 888200.0 |
| SPOT | NEW | SPOTIFY TECHNOLOGY S A | SHS | L8681T102 | 42,928,655 | 2.21 | 93500.0 |
| V | ADDED | VISA INC | COM CL A | 92826C839 | 41,369,106 | 2.13 | 120578.0 |
| BC | REDUCED | BRUNSWICK CORP | COM | 117043109 | 38,789,740 | 2.0 | 460467.0 |
| MSFT | ADDED | MICROSOFT CORP | COM | 594918104 | 37,874,213 | 1.95 | 101534.0 |
| - | ARROW ELECTRS INC | COM | 042735100 | 37,636,988 | 1.94 | 176360.0 | |
| - | TFS FINL CORP | COM | 87240R107 | 36,687,169 | 1.89 | 2070382.0 | |
| ABG | ADDED | ASBURY AUTOMOTIVE GROUP INC | COM | 043436104 | 35,918,719 | 1.85 | 178629.0 |
| CCS | NEW | CENTURY COMMUNITIES INC | COM | 156504300 | 34,898,420 | 1.8 | 487000.0 |
| SW | ADDED | SMURFIT WESTROCK PLC | SHS | G8267P108 | 33,672,515 | 1.73 | 727897.0 |
| - | CHARLES RIV LABS INTL INC | COM | 159864107 | 30,389,860 | 1.57 | 134000.0 | |
| BKNG | ADDED | BOOKING HOLDINGS INC | COM | 09857L108 | 29,445,248 | 1.52 | 165200.0 |
| WEX | UNCHANGED | WEX INC | COM | 96208T104 | 28,354,575 | 1.46 | 200968.0 |
| - | UNION PAC CORP | COM | 907818108 | 27,662,400 | 1.43 | 101700.0 | |
| - | APOLLO GLOBAL MGMT INC | COM | 03769M106 | 26,879,677 | 1.38 | 227197.0 | |
| JD | ADDED | JD.COM INC | SPON ADS CL A | 47215P106 | 25,710,594 | 1.32 | 1009050.0 |
| - | ELEVANCE HEALTH INC FORMERLY | COM | 036752103 | 22,952,426 | 1.18 | 59350.0 | |
| CPNG | ADDED | COUPANG INC | CL A | 22266T109 | 22,667,850 | 1.17 | 1305000.0 |
| GOOGL | ADDED | ALPHABET INC | CAP STK CL A | 02079K305 | 21,649,475 | 1.12 | 60580.0 |
| SPGI | ADDED | S&P GLOBAL INC | COM | 78409V104 | 21,075,705 | 1.09 | 51750.0 |
| - | GLOBAL PMTS INC | COM | 37940X102 | 17,726,408 | 0.91 | 244300.0 | |
| RELY | REDUCED | REMITLY GLOBAL INC | COM | 75960P104 | 16,834,392 | 0.87 | 751200.0 |
| - | UNITED NAT FOODS INC | COM | 911163103 | 15,984,500 | 0.82 | 350000.0 | |
| HCA | NEW | HCA HEALTHCARE INC | COM | 40412C101 | 15,010,765 | 0.77 | 38500.0 |
| - | INGRAM MICRO HLDG CORP | COM | 457152106 | 10,834,850 | 0.56 | 395000.0 | |
| NICE | ADDED | NICE LTD | SPONSORED ADR | 653656108 | 10,611,280 | 0.55 | 116800.0 |
| CMCSA | REDUCED | COMCAST CORP NEW | CL A | 20030N101 | 10,329,363 | 0.53 | 420748.0 |
| - | LEGGETT & PLATT INC | COM | 524660107 | 9,719,300 | 0.5 | 830000.0 | |
| TBLA | UNCHANGED | TABOOLA.COM LTD | ORD SHS | M8744T106 | 9,467,705 | 0.49 | 1893541.0 |
| KMPR | REDUCED | KEMPER CORP | COM | 488401100 | 9,249,706 | 0.48 | 343090.0 |
| - | SCHEIN HENRY INC | COM | 806407102 | 8,101,440 | 0.42 | 97000.0 | |
| LRN | UNCHANGED | STRIDE INC | COM | 86333M108 | 7,761,600 | 0.4 | 90000.0 |
| DKNG | REDUCED | DRAFTKINGS INC NEW | COM CL A | 26142V105 | 7,691,670 | 0.4 | 304500.0 |
| LKQ | NEW | LKQ CORP | COM | 501889208 | 6,977,450 | 0.36 | 265000.0 |
| NSP | NEW | INSPERITY INC | COM | 45778Q107 | 6,816,150 | 0.35 | 165000.0 |
| AVT | REDUCED | AVNET INC | COM | 053807103 | 6,395,040 | 0.33 | 72000.0 |
| NICE | ADDED | NICE LTD | SPONSORED ADR | 653656108 | 5,832,570 | 0.3 | 64200.0 |
| EME | UNCHANGED | EMCOR GROUP INC | COM | 29084Q100 | 5,809,160 | 0.3 | 7000.0 |
| IOT | NEW | SAMSARA INC | COM CL A | 79589L106 | 5,675,250 | 0.29 | 175000.0 |
| GBTC | UNCHANGED | GRAYSCALE BITCOIN TRUST ETF | SHS REP COM UT | 389637109 | 5,621,720 | 0.29 | 123500.0 |
| SNAP | UNCHANGED | SNAP INC | CL A | 83304A106 | 5,550,000 | 0.29 | 1250000.0 |
| FRMI | NEW | FERMI INC | COM | 314911108 | 5,496,000 | 0.28 | 600000.0 |
| KLAR | UNCHANGED | KLARNA GROUP PLC | SHS | G5279N105 | 5,464,800 | 0.28 | 270000.0 |
| - | GDS HLDGS LTD | SPONSORED ADS | 36165L108 | 5,375,370 | 0.28 | 179000.0 | |
| - | HIPPO HLDGS INC | COM NEW | 433539202 | 5,369,400 | 0.28 | 190000.0 | |
| LAW | UNCHANGED | CS DISCO INC | COM | 126327105 | 4,182,687 | 0.22 | 1106531.0 |
| IBIT | REDUCED | ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 | 3,778,748 | 0.19 | 113510.0 |
| VSNT | UNCHANGED | VERSANT MEDIA GROUP INC | COM CL A | 925283103 | 3,746,084 | 0.19 | 104029.0 |
| SBET | UNCHANGED | SHARPLINK INC | COM NEW | 820014405 | 2,683,200 | 0.14 | 559000.0 |
| FRMI | NEW | FERMI INC | COM | 314911108 | 1,374,000 | 0.07 | 150000.0 |
| - | GRAYSCALE BITCOIN MINI TR ET | SHS NEW | 389930207 | 640,965 | 0.03 | 24700.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | 1,941,186,913 | 65 | 7.285163 | 0.321369 | 15.584427 |
| 2026-03-31 | 2026-05-15 | 1,582,815,585 | 69 | 6.784309 | 0.282628 | 13.683823 |
| 2025-12-31 | 2026-02-17 | 1,510,922,418 | 63 | 6.704598 | 0.244723 | 13.044263 |
| 2025-09-30 | 2025-11-14 | 1,325,244,837 | 56 | 6.134008 | 0.221777 | 13.129157 |
| 2025-03-31 | 2025-05-15 | 1,146,741,259 | 47 | 8.077767 | 0.314948 | 15.449306 |
| 2024-12-31 | 2025-02-14 | 1,114,828,865 | 45 | 8.627982 | 0.334478 | 16.176288 |