13F Insight
DOSSIER · 13F-HR · Q1 2026

LAKEWOOD CAPITAL MANAGEMENT, LP

$1.6B in tracked AUM across 69 positions as of Q1 2026.

LC
CIK 0001424381 · last filed Mar 31, 2026
Total AUM
$1.6B
as of Q1 2026
Holdings
69
—
positions
Whale Score
63
63
tracked
Activity
—
no data
changes this Q
AI Analysis · Q1 2026
Comprehensive Analysis of Lakewood Capital Management LP 13F Filing

Report Period: Q3 2025 Report Date: September 30, 2025

1. Portfolio Overview

Lakewood Capital Management LP has reported a significant contraction in portfolio size during the third quarter of 2025. The total portfolio value decreased by 45.0%, dropping from $1.34 billion to $736.88 million. This reduction is not solely attributable to market performance but indicates a substantial deleveraging strateg...

The portfolio is relatively concentrated, with the top ten holdings accounting for approximately 62.9% of total assets. The management firm executed a high-turnover strategy this quarter, engaging in aggressive portfolio restructuring. The activity summary reveals 19 sold positions (exits) and 9 new positions, alongside 9 increases and 6 reductions. This churn rate suggests a pivot in the firm's conviction on specific sectors or a rotation to realize capital gains and losses ahead of year-end.

2. Key Holdings

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
CI
THE CIGNA GROUP
$114M426K7.2%02
G4705A100
ICON PLC
$83M748K5.2%03
G0750C108
AXALTA COATING SYS LTD
$80M2.9M5.1%04
GPI
GROUP 1 AUTOMOTIVE INC
$70M213K4.5%05
ALLY
ALLY FINL INC
$65M1.7M4.1%06
SSNC
SS&C TECH HLDGS
$64M947K4.0%07
SHC
SOTERA HEALTH CO
$59M4.1M3.7%08
VTRS
VIATRIS INC
$50M3.7M3.1%09
H2927K103
AMRIZE LTD
$46M814K2.9%10
BC
BRUNSWICK CORP
$43M587K2.7%

Filing history

2026Q1Mar 31
$1.6B▲ 4.8%
69 positionsView →2025Q4Dec 31
$1.5B▲ 105.0%
63 positionsView →2025Q3Sep 30
$737M▼ 45.0%
38 positionsView →2025Q2Jun 30
$1.3B▲ 16.8%
49 positionsLocked2025Q1Mar 31
$1.1B▲ 2.9%
47 positionsLocked2024Q4Dec 31
$1.1B▼ 12.4%
45 positionsLocked2024Q3Sep 30
$1.3B▲ 3.9%
47 positionsLocked2024Q2Jun 30
$1.2B▼ 0.2%
44 positionsLocked2024Q1Mar 31
$1.2B▲ 2.6%
43 positionsLocked2023Q4Dec 31
$1.2B▲ 8.7%
42 positionsLocked2023Q3Sep 30
$1.1B▼ 4.9%
38 positionsLocked2023Q2Jun 30
$1.2B▼ 5.5%
34 positionsLocked
Showing 12 of 68