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
QoQ vs Q4 2025
| # | Ticker | Issuer | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|
| 1 | CI | THE CIGNA GROUP | $113.7M | 7.18% | +21,000 | +5.2% |
| 2 | ICLR | ICON PLC | $82.7M | 5.23% | +415,200 | +124.9% |
| 3 | AXTA | AXALTA COATING SYS LTD | $80.2M | 5.07% | +966,000 | +50.1% |
| 4 | GPI | GROUP 1 AUTOMOTIVE INC | $70.4M | 4.45% | +101,800 | +91.5% |
| 5 | ALLY | ALLY FINL INC | $64.8M | 4.10% | +616,000 | +59.4% |
| 6 | SSNC | SS&C TECH HLDGS | $64.0M | 4.04% | +128,000 | +15.6% |
| 7 | SHC | SOTERA HEALTH CO | $58.9M | 3.72% | +705,000 | +20.7% |
| 8 | VTRS | VIATRIS INC | $49.6M | 3.13% | +1,989,600 | +118.3% |
| 9 | AMRZ | AMRIZE LTD | $45.6M | 2.88% | +115,000 | +16.4% |
| 10 | BC | BRUNSWICK CORP | $42.7M | 2.70% | -191,000 | -24.5% |
| 11 | META | META PLATFORMS INC | $40.5M | 2.56% | +15,285 | +27.5% |
| 12 | TFSL | TFS FINL CORP | $39.8M | 2.52% | +85,000 | +3.1% |
| 13 | IQV | IQVIA HLDGS INC | $39.6M | 2.50% | +75,400 | +48.0% |
| 14 | FAF | FIRST AMERN FINL CORP | $38.8M | 2.45% | -210,000 | -24.6% |
| 15 | ARW | ARROW ELECTRS INC | $36.6M | 2.31% | -268,000 | -51.2% |
| 16 | MSFT | MICROSOFT CORP | $35.7M | 2.26% | +96,534 | NEW |
| 17 | UNP | UNION PAC CORP | $33.2M | 2.10% | -20,700 | -13.2% |
| 18 | ELV | ELEVANCE HEALTH INC FORMERLY | $32.9M | 2.08% | -9,500 | -7.8% |
| 19 | AL | AIR LEASE CORP | $31.6M | 1.99% | — | HELD |
| 20 | WEX | WEX INC | $30.8M | 1.94% | -27,000 | -11.8% |
| 21 | CDW | CDW CORP | $30.4M | 1.92% | +251,000 | NEW |
| 22 | UNFI | UNITED NAT FOODS INC | $29.5M | 1.86% | +105,000 | +19.1% |
| 23 | SW | SMURFIT WESTROCK PLC | $26.9M | 1.70% | -509,400 | -43.0% |
| 24 | JD | JD.COM INC | $26.7M | 1.69% | +265,000 | +41.5% |
| 25 | ABG | ASBURY AUTOMOTIVE GROUP INC | $26.5M | 1.67% | +28,500 | +26.6% |
| 26 | APO | APOLLO GLOBAL MGMT INC | $25.0M | 1.58% | +73,000 | +48.3% |
| 27 | BKNG | BOOKING HOLDINGS INC | $23.6M | 1.49% | +5,595 | NEW |
| 28 | MA | MASTERCARD INCORPORATED | $21.8M | 1.38% | +43,663 | NEW |
| 29 | V | VISA INC | $21.6M | 1.37% | +71,576 | NEW |
| 30 | CPNG | COUPANG INC | $19.6M | 1.24% | +1,040,000 | NEW |
| 31 | HSIC | SCHEIN HENRY INC | $19.3M | 1.22% | -43,000 | -14.1% |
| 32 | NICE | NICE LTD | $18.9M | 1.19% | -34,600 | -16.8% |
| 33 | RELY | REMITLY GLOBAL INC | $18.8M | 1.19% | +80,000 | +7.1% |
| 34 | SPGI | S&P GLOBAL INC | $18.6M | 1.18% | +43,750 | NEW |
| 35 | GOOGL | ALPHABET INC | $16.6M | 1.05% | +7,800 | +15.7% |
| 36 | GPN | GLOBAL PMTS INC | $16.4M | 1.04% | — | HELD |
| 37 | KMPR | KEMPER CORP | $15.3M | 0.97% | -190,000 | -27.5% |
| 38 | BZH | BEAZER HOMES USA INC | $15.0M | 0.95% | +76,500 | +10.9% |
| 39 | CMCSA | COMCAST CORP NEW | $14.4M | 0.91% | -100,000 | -16.6% |
| 40 | CRL | CHARLES RIV LABS INTL INC | $11.9M | 0.75% | -71,240 | -50.8% |
| 41 | IBIT | ISHARES BITCOIN TRUST ETF | $11.4M | 0.72% | -102,000 | -25.6% |
| 42 | FIX | COMFORT SYS USA INC | $11.0M | 0.70% | — | HELD |
| 43 | LRN | STRIDE INC | $7.9M | 0.50% | +90,000 | NEW |
| 44 | DKNG | DRAFTKINGS INC NEW | $7.9M | 0.50% | +199,500 | +120.9% |
| 45 | LEG | LEGGETT & PLATT INC | $7.7M | 0.49% | +780,000 | NEW |
| 46 | TFX | TELEFLEX INCORPORATED | $7.7M | 0.48% | +64,000 | NEW |
| 47 | C | CITIGROUP INC | $7.3M | 0.46% | -349,500 | -84.5% |
| 48 | GBTC | GRAYSCALE BITCOIN TRUST ETF | $6.5M | 0.41% | — | HELD |
| 49 | DELL | DELL TECHNOLOGIES INC | $5.9M | 0.37% | +35,800 | NEW |
| 50 | TBLA | TABOOLA.COM LTD | $5.9M | 0.37% | — | HELD |
| 51 | SNAP | SNAP INC | $5.8M | 0.36% | +1,250,000 | NEW |
| 52 | EME | EMCOR GROUP INC | $5.2M | 0.33% | — | HELD |
| 53 | AVT | AVNET INC | $5.1M | 0.32% | +83,000 | NEW |
| 54 | HIPO | HIPPO HLDGS INC | $5.0M | 0.31% | — | HELD |
| 55 | QQQ | INVESCO QQQ TR | $4.9M | 0.31% | +8,500 | NEW |
| 56 | LAW | CS DISCO INC | $4.2M | 0.27% | +25,000 | +2.3% |
| 57 | VSNT | VERSANT MEDIA GROUP INC | $3.9M | 0.24% | +104,029 | NEW |
| 58 | SBET | SHARPLINK INC | $3.6M | 0.23% | +559,000 | NEW |
| 59 | KLAR | KLARNA GROUP PLC | $3.5M | 0.22% | +100,000 | +58.8% |
| 60 | ASST | STRIVE INC | $3.3M | 0.21% | +328,570 | NEW |
| 61 | COF | CAPITAL ONE FINL CORP | $3.3M | 0.21% | — | HELD |
| 62 | WAY | WAYSTAR HLDG CORP | $2.3M | 0.15% | +96,700 | NEW |
| 63 | IONQ | IONQ INC | $1.4M | 0.09% | — | HELD |
| 64 | BAND | BANDWIDTH INC | $1.2M | 0.07% | -115,000 | -63.6% |
| 65 | QS | QUANTUMSCAPE CORP | $766K | 0.05% | — | HELD |
| 66 | BTC | GRAYSCALE BITCOIN MINI TR ET | $741K | 0.05% | — | HELD |
| 67 | QBTS | D-WAVE QUANTUM INC | $289K | 0.02% | — | HELD |
| 68 | QUBT | QUANTUM COMPUTING INC | $103K | 0.01% | — | HELD |
| 69 | ASTS | AST SPACEMOBILE INC | — | — | -436,000 | EXITED |
| 70 | KOF | COCA-COLA FEMSA SAB DE CV | — | — | -186,800 | EXITED |
| 71 | OKLO | OKLO INC | — | — | -240,000 | EXITED |
| 72 | GLNG | GOLAR LNG LTD | — | — | -435,000 | EXITED |
| 73 | MCY | MERCURY GENL CORP NEW | — | — | -158,218 | EXITED |
| 74 | SIG | SIGNET JEWELERS LIMITED | — | — | -122,300 | EXITED |
| 75 | RGTI | RIGETTI COMPUTING INC | — | — | -289,700 | EXITED |
| 76 | AEO | AMERICAN EAGLE OUTFITTERS IN | — | — | -175,900 | EXITED |
| 77 | KWEB | KRANESHARES TRUST | — | — | -110,000 | EXITED |
| 78 | SDRL | SEADRILL LTD | — | — | -85,100 | EXITED |
| 79 | IREN | IREN LIMITED | — | — | -20,000 | EXITED |
| 80 | TSEOF | TRINSEO PLC | — | — | -281,279 | EXITED |
Source: SEC EDGAR · accession 0001172661-26-002096. 13F discloses long positions only — shorts, foreign equities, and options are excluded.