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Asset Manager ← All Institutions

LAKEWOOD CAPITAL MANAGEMENT, LP

Q4 2025 · Filed 2026-02-17
Market Value
$1.3B
+10.1%
Holdings
51
+6
New Purchases
7
Added To
19
Closed
4
Reduced
8
Top 10 Concentration
47.0%
Turnover
21.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
UNP 2.72% 0.00% +2.72% $36M
ALLY 3.50% 1.02% +2.48% $47M
AXTA 4.65% 2.79% +1.86% $62M
META 2.74% 0.99% +1.74% $37M
HSIC 1.72% 0.00% +1.72% $23M
VTRS 1.56% 0.00% +1.56% $21M
UNFI 1.38% 0.00% +1.38% $19M
RELY 1.15% 0.00% +1.15% $15M
ICLR 4.52% 3.44% +1.08% $61M
APO 1.63% 0.80% +0.83% $22M
SHC 4.48% 3.96% +0.52% $60M
BC 4.31% 3.81% +0.50% $58M
KOF 1.32% 0.90% +0.42% $18M
CI 8.33% 7.99% +0.34% $112M
EME 0.32% 0.00% +0.32% $4M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ANTM 3.19% 8.01% -4.82% $43M
SIG 0.76% 3.83% -3.08% $10M
KMPR 2.09% 5.00% -2.91% $28M
CMCSA 1.34% 2.87% -1.53% $18M
ARW 4.30% 5.74% -1.43% $58M
IQV 2.64% 3.54% -0.90% $35M
IBIT 1.48% 2.13% -0.65% $20M
AEO 0.35% 0.91% -0.56% $5M
GDRX 0.00% 0.52% -0.52% $0
GIL 0.00% 0.51% -0.51% $0
GPI 3.27% 3.71% -0.45% $44M
GOOGL 1.16% 1.58% -0.42% $16M
BZH 1.06% 1.41% -0.35% $14M
STZ 0.00% 0.30% -0.30% $0
ABG 1.86% 2.15% -0.29% $25M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 3 $101M 7.5%
Large Cap 19 $561M 41.8%
Mid Cap 22 $616M 46.0%
Small Cap 5 $54M 4.0%
Micro Cap 2 $8M 0.6%

Portfolio Analytics

Avg Market Cap
$147.1B
Median Market Cap
$7.7B
Avg P/E
26.6
Median P/E
16.9
Avg Dividend Yield
0.01%
Avg Beta
1.17
# Stocks
47
# ETFs / Funds
4

Top Holdings (51 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 CI 8.33% 405,307 $112M $275.23 $14M +68,000 +20.2%
2 SSNC 5.34% 818,954 $72M $87.42 $3M +49,000 +6.4%
3 AXTA 4.65% 1,929,648 $62M $32.31 $28M +742,000 +62.5%
4 ICLR 4.52% 332,500 $61M $182.22 $19M +93,300 +39.0%
5 SHC 4.48% 3,399,581 $60M $17.64 $12M +336,842 +11.0%
6 BC 4.31% 778,467 $58M $74.24 $11M +45,000 +6.1%
7 ARW 4.30% 523,360 $58M $110.18 -$12M -54,000 -9.3%
8 FAF 3.92% 853,904 $52M $61.44 $4M +93,300 +12.3%
9 C 3.60% 413,839 $48M $116.69 $6M
10 ALLY 3.50% 1,036,809 $47M $45.29 $35M +720,000 +227.3%
11 GPI 3.27% 111,276 $44M $393.30 -$1M +8,000 +7.8%
12 ANTM 3.19% 121,850 $43M $350.55 -$55M -179,800 -59.6%
13 TFSL 2.75% 2,750,382 $37M $13.38 $3M +217,000 +8.6%
14 META 2.74% 55,570 $37M $660.09 $25M +39,100 +237.4%
15 UNP 2.72% 157,400 $36M $231.32 +157,400 NEW
16 IQV 2.64% 157,000 $35M $225.41 -$8M -70,200 -30.9%
17 WEX 2.54% 227,968 $34M $148.98 $2M +22,500 +10.9%
18 AL 2.33% 485,878 $31M $64.23 $282K
19 KMPR 2.09% 691,090 $28M $40.54 -$33M -490,000 -41.5%
20 CRL 2.09% 140,240 $28M $199.48 $6M
21 ABG 1.86% 107,129 $25M $232.53 -$1M
22 HSIC 1.72% 305,000 $23M $75.58 +305,000 NEW
23 APO 1.63% 151,197 $22M $144.76 $12M +78,000 +106.6%
24 VTRS 1.56% 1,681,300 $21M $12.45 +1,681,300 NEW
25 IBIT 1.48% 398,510 $20M $49.65 -$6M
26 GPN 1.41% 244,300 $19M $77.40 -$1M
27 UNFI 1.38% 550,000 $19M $33.67 +550,000 NEW
28 JD 1.37% 639,050 $18M $28.70 $3M +195,200 +44.0%
29 CMCSA 1.34% 600,748 $18M $29.89 -$17M -510,000 -45.9%
30 KOF 1.32% 186,800 $18M $94.71 $7M +55,000 +41.7%
31 NICE 1.28% 151,400 $17M $113.04 $3M +55,800 +58.4%
32 GLNG 1.21% 435,000 $16M $37.21 $4M +135,000 +45.0%
33 GOOGL 1.16% 49,780 $16M $313.00 -$4M -29,500 -37.2%
34 RELY 1.15% 1,121,200 $15M $13.80 +1,121,200 NEW
35 MCY 1.11% 158,218 $15M $94.06 $1M
36 BZH 1.06% 701,006 $14M $20.27 -$3M
37 SIG 0.76% 122,300 $10M $82.88 -$37M -364,000 -74.8%
38 TBLA 0.65% 1,893,541 $9M $4.61 $2M
39 GBTC 0.63% 123,500 $8M $68.36 -$3M
40 LAW 0.63% 1,081,531 $8M $7.76 $2M +65,000 +6.4%
41 DKNG 0.42% 165,000 $6M $34.46 $749K +33,000 +25.0%
42 AEO 0.35% 175,900 $5M $26.37 -$6M -470,000 -72.8%
43 COF 0.33% 18,000 $4M $242.36 $536K
44 EME 0.32% 7,000 $4M $611.79 +7,000 NEW
45 KWEB 0.28% 110,000 $4M $34.05 +110,000 NEW
46 BAND 0.21% 180,721 $3M $15.45 -$220K
47 BTC 0.07% 24,700 $957K $38.73 -$294K
48 GDRX —% -$6M -1,492,274 -100.0% SOLD
49 GIL —% -$6M -107,041 -100.0% SOLD
50 STZ —% -$4M -27,500 -100.0% SOLD
51 SNBR —% -$392K -55,798 -100.0% SOLD

Options Breakdown

1 Calls $6M Call Value 9 Puts $68M Put Value 11.05 P/C Ratio

Top Calls

SymbolSharesValueStatus
NICE 54,200 $6M NEW

Top Puts

SymbolSharesValueStatus
ASTS 436,000 $32M NEW
OKLO 240,000 $17M
FIX 8,000 $7M NEW
RGTI 289,700 $6M
IONQ 50,000 $2M NEW
QS 120,000 $1M
IREN 20,000 $755K
QBTS 20,000 $523K
QUBT 15,000 $154K

New Positions

SymbolValue% Port
UNP $36M 2.72%
HSIC $23M 1.72%
VTRS $21M 1.56%
UNFI $19M 1.38%
RELY $15M 1.15%
EME $4M 0.32%
KWEB $4M 0.28%

Sold Out Positions

SymbolValue% Port
GIL —%
STZ —%
GDRX —%
SNBR —%
View SEC EDGAR Filings for LAKEWOOD CAPITAL MANAGEMENT, LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms