1y return+7.6%S&P 500 +20.9%
3y return+42.1%S&P 500 +68.5%
5y return+30.0%S&P 500 +74.5%
10y return+196.4%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $296 against $357 in the S&P 500.2
Lakewood Capital Management, LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| CIThe Cigna Group | $117.9M | 6.1% | |
| Axalta Coating Sys LtdCUSIP G0750C108 | $117.2M | 6.1% | +18.2% |
| Icon Pub Ltd CoCUSIP G4705A100 | $101.7M | 5.3% | −21.7% |
| ALLYAlly Finl Inc | $80.8M | 4.2% | +6.4% |
| Copa Holdings SaCUSIP P31076105 | $77.0M | 4.0% | New |
| GPIGroup 1 Automotive Inc | $72.1M | 3.7% | +16.2% |
| SHCSotera Health Co | $70.6M | 3.7% | −3.0% |
| CDWCdw Corp | $68.0M | 3.5% | +92.6% |
| METAMeta Platforms Inc | $65.3M | 3.4% | +63.7% |
| SSNCSs&c Tech Hldgs | $63.1M | 3.3% | +7.4% |
| IQVIqvia Hldgs Inc | $61.4M | 3.2% | +36.8% |
| VTRSViatris Inc | $59.3M | 3.1% | +1.8% |
| MAMastercard Incorporated | $56.2M | 2.9% | +150.7% |
| FAFFirst Amern Finl Corp | $50.5M | 2.6% | +14.3% |
| Amrize LtdCUSIP H2927K103 | $47.3M | 2.5% | +9.1% |
| Spotify Technology S ACUSIP L8681T102 | $42.9M | 2.2% | New |
| VVisa Inc | $41.4M | 2.1% | +68.5% |
| BCBrunswick Corp | $38.8M | 2.0% | −21.6% |
| MSFTMicrosoft Corp | $37.9M | 2.0% | +5.2% |
| ARWArrow Electrs Inc | $37.6M | 2.0% | −30.9% |
| TFSLTfs Finl Corp | $36.7M | 1.9% | −27.0% |
| ABGAsbury Automotive Group Inc | $35.9M | 1.9% | +31.7% |
| CCSCentury Communities Inc | $34.9M | 1.8% | New |
| Smurfit Westrock PLCCUSIP G8267P108 | $33.7M | 1.7% | +7.7% |
| CRLCharles Riv Labs Intl Inc | $30.4M | 1.6% | +94.2% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $21.6M |
| METAMeta Platforms Inc | March 31, 2023 | +165.8% | $65.3M |
| ABGAsbury Automotive Group Inc | June 30, 2020 | +160.0% | $35.9M |
| ALLYAlly Finl Inc | June 30, 2020 | +131.7% | $80.8M |
| APOApollo Global Mgmt Inc | March 31, 2022 | +90.9% | $26.9M |
| ARWArrow Electrs Inc | December 31, 2024 | +88.7% | $37.6M |
| GPIGroup 1 Automotive Inc | March 31, 2021 | +84.5% | $72.1M |
| RELYRemitly Global Inc | December 31, 2025 | +62.4% | $16.8M |
| SHCSotera Health Co | March 31, 2024 | +47.8% | $70.6M |
| CIThe Cigna Group | June 30, 2020 | +46.9% | $117.9M |
Sold off last quarter
- Air Lease CorpCUSIP 00912X302 was $31.6M
- BZHBeazer Homes Usa Inc was $15.0M
- TFXTeleflex Incorporated was $7.7M
- CCitigroup Inc was $7.3M
- DELLDell Technologies Inc was $5.9M
- QQQInvesco Qqq Tr was $4.9M
- ASSTStrive Inc was $3.3M
- COFCapital One Finl Corp was $3.3M
- WAYWaystar Hldg Corp was $2.3M
- BANDBandwidth Inc was $1.2M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +11.7% | +14.8% |
| March 31, 2026 | −7.3% | −4.6% |
| December 31, 2025 | +0.4% | +2.4% |
| September 30, 2025 | +3.5% | +7.8% |
| June 30, 2025 | +6.3% | +10.5% |
| March 31, 2025 | −4.5% | −4.6% |
| December 31, 2024 | −2.2% | +2.1% |
| September 30, 2024 | +7.7% | +5.4% |
| June 30, 2024 | −4.0% | +4.0% |
| March 31, 2024 | +10.9% | +10.0% |
| December 31, 2023 | +12.6% | +11.2% |
| September 30, 2023 | +3.1% | −3.6% |
| June 30, 2023 | +10.0% | +8.3% |
| March 31, 2023 | +7.1% | +7.0% |
| December 31, 2022 | +11.4% | +7.1% |
| September 30, 2022 | −11.7% | −5.3% |
| June 30, 2022 | −13.1% | −16.5% |
| March 31, 2022 | −8.6% | −4.9% |
| December 31, 2021 | +0.5% | +10.7% |
| September 30, 2021 | −1.2% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Lakewood Capital Management, LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1424381&type=13F-HR&dateb=&owner=include&count=40CIK 1424381
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1424381/000117266126003656/Filed August 14, 2026 · accession 0001172661-26-003656