Q4 2025 · 13F-HR
LAKEWOOD CAPITAL MANAGEMENT, LPholdings as filed
Filed 2026-02-17 · accession 0001172661-26-000848
$1.51B
Reported value
63
Positions
2025-12-31
Period end
The Brief · LAKEWOOD CAPITAL MANAGEMENT, LP · Q4 2025
AI · grounded in 13F
Lakewood Capital Management, LP established a new position in UNP worth $36.4M. The fund also opened new stakes in ASTS for $31.7M and HSIC for $23.1M. On the sell side, the fund trimmed its holdings in SDRL by 83% and SIG by 75%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 125523100 | CI | THE CIGNA GROUP | $111.6M | 7.38% | 405,307 | Common | SOLE |
| 78467J100 | SSNC | SS&C TECHNOLOGIES HLDGS INC | $71.6M | 4.74% | 818,954 | Common | SOLE |
| G0750C108 | AXTA | AXALTA COATING SYS LTD | $62.3M | 4.13% | 1,929,648 | Common | SOLE |
| G4705A100 | ICLR | ICON PLC | $60.6M | 4.01% | 332,500 | Common | SOLE |
| 83601L102 | SHC | SOTERA HEALTH CO | $60.0M | 3.97% | 3,399,581 | Common | SOLE |
| 117043109 | BC | BRUNSWICK CORP | $57.8M | 3.83% | 778,467 | Common | SOLE |
| 042735100 | ARW | ARROW ELECTRS INC | $57.7M | 3.82% | 523,360 | Common | SOLE |
| 31847R102 | FAF | FIRST AMERN FINL CORP | $52.5M | 3.47% | 853,904 | Common | SOLE |
| 172967424 | C | CITIGROUP INC | $48.3M | 3.20% | 413,839 | Common | SOLE |
| 02005N100 | ALLY | ALLY FINL INC | $47.0M | 3.11% | 1,036,809 | Common | SOLE |
| G8267P108 | SW | SMURFIT WESTROCK PLC | $45.8M | 3.03% | 1,185,297 | Common | SOLE |
| 398905109 | GPI | GROUP 1 AUTOMOTIVE INC | $43.8M | 2.90% | 111,276 | Common | SOLE |
| 036752103 | ELV | ELEVANCE HEALTH INC FORMERLY | $42.7M | 2.83% | 121,850 | Common | SOLE |
| H2927K103 | AMRZ | AMRIZE LTD | $37.8M | 2.50% | 699,200 | Common | SOLE |
| 87240R107 | TFSL | TFS FINL CORP | $36.8M | 2.44% | 2,750,382 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $36.7M | 2.43% | 55,570 | Common | SOLE |
| 907818108 | UNP | UNION PAC CORP | $36.4M | 2.41% | 157,400 | Common | SOLE |
| 46266C105 | IQV | IQVIA HLDGS INC | $35.4M | 2.34% | 157,000 | Common | SOLE |
| 96208T104 | WEX | WEX INC | $34.0M | 2.25% | 227,968 | Common | SOLE |
| 00217D100 | ASTS | AST SPACEMOBILE INC | $31.7M | 2.10% | 436,000 | PUT | SOLE |
| 00912X302 | AL | AIR LEASE CORP | $31.2M | 2.07% | 485,878 | Common | SOLE |
| 488401100 | KMPR | KEMPER CORP | $28.0M | 1.85% | 691,090 | Common | SOLE |
| 159864107 | CRL | CHARLES RIV LABS INTL INC | $28.0M | 1.85% | 140,240 | Common | SOLE |
| 043436104 | ABG | ASBURY AUTOMOTIVE GROUP INC | $24.9M | 1.65% | 107,129 | Common | SOLE |
| 806407102 | HSIC | HENRY SCHEIN INC | $23.1M | 1.53% | 305,000 | Common | SOLE |
| 03769M106 | APO | APOLLO GLOBAL MGMT INC | $21.9M | 1.45% | 151,197 | Common | SOLE |
| 92556V106 | VTRS | VIATRIS INC | $20.9M | 1.39% | 1,681,300 | Common | SOLE |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $19.8M | 1.31% | 398,510 | Common | SOLE |
| 37940X102 | GPN | GLOBAL PMTS INC | $18.9M | 1.25% | 244,300 | Common | SOLE |
| 911163103 | UNFI | UNITED NAT FOODS INC | $18.5M | 1.23% | 550,000 | Common | SOLE |
| 47215P106 | JD | JD.COM INC | $18.3M | 1.21% | 639,050 | Common | SOLE |
| 20030N101 | CMCSA | COMCAST CORP NEW | $18.0M | 1.19% | 600,748 | Common | SOLE |
| 191241108 | KOF | COCA-COLA FEMSA SAB DE CV | $17.7M | 1.17% | 186,800 | Common | SOLE |
| 02156V109 | OKLO | OKLO INC | $17.2M | 1.14% | 240,000 | PUT | SOLE |
| 653656108 | NICE | NICE LTD | $17.1M | 1.13% | 151,400 | Common | SOLE |
| G9456A100 | GLNG | GOLAR LNG LTD | $16.2M | 1.07% | 435,000 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $15.6M | 1.03% | 49,780 | Common | SOLE |
| 75960P104 | RELY | REMITLY GLOBAL INC | $15.5M | 1.02% | 1,121,200 | Common | SOLE |
| 589400100 | MCY | MERCURY GENL CORP NEW | $14.9M | 0.98% | 158,218 | Common | SOLE |
| 07556Q881 | BZH | BEAZER HOMES USA INC | $14.2M | 0.94% | 701,006 | Common | SOLE |
| G81276100 | SIG | SIGNET JEWELERS LIMITED | $10.1M | 0.67% | 122,300 | Common | SOLE |
| M8744T106 | TBLA | TABOOLA.COM LTD | $8.7M | 0.58% | 1,893,541 | Common | SOLE |
| 389637109 | GBTC | GRAYSCALE BITCOIN TRUST ETF | $8.4M | 0.56% | 123,500 | Common | SOLE |
| 126327105 | LAW | CS DISCO INC | $8.4M | 0.56% | 1,081,531 | Common | SOLE |
| 199908104 | FIX | COMFORT SYS USA INC | $7.5M | 0.49% | 8,000 | PUT | SOLE |
| 76655K103 | RGTI | RIGETTI COMPUTING INC | $6.4M | 0.42% | 289,700 | PUT | SOLE |
| 653656108 | NICE | NICE LTD | $6.1M | 0.41% | 54,200 | CALL | SOLE |
| 433539202 | HIPO | HIPPO HLDGS INC | $5.7M | 0.38% | 190,000 | Common | SOLE |
| 26142V105 | DKNG | DRAFTKINGS INC NEW | $5.7M | 0.38% | 165,000 | Common | SOLE |
| G5279N105 | KLAR | KLARNA GROUP PLC | $4.9M | 0.33% | 170,000 | Common | SOLE |
| 02553E106 | AEO | AMERICAN EAGLE OUTFITTERS IN | $4.6M | 0.31% | 175,900 | Common | SOLE |
| 14040H105 | COF | CAPITAL ONE FINL CORP | $4.4M | 0.29% | 18,000 | Common | SOLE |
| 29084Q100 | EME | EMCOR GROUP INC | $4.3M | 0.28% | 7,000 | Common | SOLE |
| 500767306 | KWEB | KRANESHARES TRUST | $3.7M | 0.25% | 110,000 | Common | SOLE |
| G7997W102 | SDRL | SEADRILL LTD | $2.9M | 0.19% | 85,100 | Common | SOLE |
| 05988J103 | BAND | BANDWIDTH INC | $2.8M | 0.18% | 180,721 | Common | SOLE |
| 46222L108 | IONQ | IONQ INC | $2.2M | 0.15% | 50,000 | PUT | SOLE |
| 74767V109 | QS | QUANTUMSCAPE CORP | $1.3M | 0.08% | 120,000 | PUT | SOLE |
| 389930207 | BTC | GRAYSCALE BITCOIN MINI TR ET | $956,631 | 0.06% | 24,700 | Common | SOLE |
| Q4982L109 | IREN | IREN LIMITED | $755,400 | 0.05% | 20,000 | PUT | SOLE |
| 26740W109 | QBTS | D-WAVE QUANTUM INC | $523,000 | 0.03% | 20,000 | PUT | SOLE |
| 74766W108 | QUBT | QUANTUM COMPUTING INC | $153,900 | 0.01% | 15,000 | PUT | SOLE |
| G9059U107 | TSEOF | TRINSEO PLC | $139,796 | 0.01% | 281,279 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.