Lakewood Capital Management, LP 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Lakewood Capital Management, LP disclosed 50 US equity positions worth $1.3bn in its Q3 2025 13F filing. The largest position was ELV at 7.4% of the reported book, followed by CI and ARW. Against the Q2 2025 filing, it opened 5 new positions, added to 13 and reduced 11 among the top 50 holdings.
What did Lakewood Capital Management, LP own in Q3 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | ELV ELEVANCE HEALTH INC FORMERLY | Healthcare | 7.4% | $97.5m | 301,650 | 49% | added |
| 2 | CI THE CIGNA GROUP | Healthcare | 7.4% | $97.2m | 337,307 | -8% | reduced |
| 3 | ARW ARROW ELECTRS INC | Technology | 5.3% | $69.9m | 577,360 | -8% | reduced |
| 4 | SSNC SS&C TECHNOLOGIES HLDGS INC | Technology | 5.2% | $68.3m | 769,954 | 0% | held |
| 5 | KMPR KEMPER CORP | Financial Services | 4.6% | $60.9m | 1,181,090 | 14% | added |
| 6 | SW SMURFIT WESTROCK PLC | Consumer Cyclical | 3.7% | $49.4m | 1,160,297 | 0% | held |
| 7 | FAF FIRST AMERN FINL CORP | Financial Services | 3.7% | $48.9m | 760,604 | 3% | added |
| 8 | SHC SOTERA HEALTH CO | Healthcare | 3.6% | $48.2m | 3,062,739 | 0% | held |
| 9 | SIG SIGNET JEWELERS LIMITED | Consumer Cyclical | 3.5% | $46.6m | 486,300 | -24% | reduced |
| 10 | BC BRUNSWICK CORP | Consumer Cyclical | 3.5% | $46.4m | 733,467 | 0% | held |
| 11 | GPI GROUP 1 AUTOMOTIVE INC | Consumer Cyclical | 3.4% | $45.2m | 103,276 | 5% | added |
| 12 | IQV IQVIA HLDGS INC | Healthcare | 3.3% | $43.2m | 227,200 | 1% | added |
| 13 | C CITIGROUP INC | Financial Services | 3.2% | $42.0m | 413,839 | -59% | reduced |
| 14 | ICLR ICON PLC | Healthcare | 3.2% | $41.9m | 239,200 | 23% | added |
| 15 | CMCSA COMCAST CORP NEW | Communication Services | 2.6% | $34.9m | 1,110,748 | 0% | held |
| 16 | AXALTA COATING SYS LTD | 2.6% | $34.0m | 1,187,648 | 34% | added | |
| 17 | TFSL TFS FINL CORP | Financial Services | 2.5% | $33.4m | 2,533,382 | 20% | added |
| 18 | WEX WEX INC | Technology | 2.5% | $32.4m | 205,468 | 15% | added |
| 19 | AIR LEASE CORP | 2.3% | $30.9m | 485,878 | 0% | held | |
| 20 | AMRZ AMRIZE LTD | Basic Materials | 2.3% | $29.8m | 615,000 | – | new |
| 21 | ABG ASBURY AUTOMOTIVE GROUP INC | Consumer Cyclical | 2.0% | $26.2m | 107,129 | -6% | reduced |
| 22 | IBIT ISHARES BITCOIN TRUST ETF | 2.0% | $25.9m | 398,510 | 0% | held | |
| 23 | CRL CHARLES RIV LABS INTL INC | Healthcare | 1.7% | $21.9m | 140,240 | 0% | held |
| 24 | GPN GLOBAL PMTS INC | Industrials | 1.5% | $20.3m | 244,300 | 0% | held |
| 25 | GOOGL ALPHABET INC | Communication Services | 1.5% | $19.3m | 79,280 | -64% | reduced |
| 26 | BZH BEAZER HOMES USA INC | Consumer Cyclical | 1.3% | $17.2m | 701,006 | 0% | held |
| 27 | JD JD.COM INC | Consumer Cyclical | 1.2% | $15.5m | 443,850 | 29% | added |
| 28 | SEADRILL LTD | 1.1% | $15.1m | 500,100 | -5% | reduced | |
| 29 | NICE NICE LTD | Technology | 1.0% | $13.8m | 95,600 | 20% | added |
| 30 | MCY MERCURY GENL CORP NEW | Financial Services | 1.0% | $13.4m | 158,218 | 0% | held |
| 31 | ALLY ALLY FINL INC | Financial Services | 0.9% | $12.4m | 316,809 | 0% | held |
| 32 | GLNG GOLAR LNG LTD | Energy | 0.9% | $12.1m | 300,000 | 3% | added |
| 33 | META META PLATFORMS INC | Communication Services | 0.9% | $12.1m | 16,470 | 0% | held |
| 34 | GBTC GRAYSCALE BITCOIN TRUST ETF | 0.8% | $11.1m | 123,500 | 0% | held | |
| 35 | AEO AMERICAN EAGLE OUTFITTERS IN | Consumer Cyclical | 0.8% | $11.1m | 645,900 | – | new |
| 36 | KOF COCA-COLA FEMSA SAB DE CV | 0.8% | $11.0m | 131,800 | – | new | |
| 37 | APO APOLLO GLOBAL MGMT INC | Financial Services | 0.7% | $9.8m | 73,197 | 0% | held |
| 38 | HIPO HIPPO HLDGS INC | Financial Services | 0.5% | $6.9m | 190,000 | 0% | held |
| 39 | LAW CS DISCO INC | 0.5% | $6.6m | 1,016,531 | 0% | held | |
| 40 | TBLA TABOOLA.COM LTD | Communication Services | 0.5% | $6.5m | 1,893,541 | 0% | held |
| 41 | GDRX GOODRX HLDGS INC | Healthcare | 0.5% | $6.3m | 1,492,274 | -64% | reduced |
| 42 | GIL GILDAN ACTIVEWEAR INC | Consumer Cyclical | 0.5% | $6.2m | 107,041 | -68% | reduced |
| 43 | DKNG DRAFTKINGS INC NEW | Consumer Cyclical | 0.4% | $4.9m | 132,000 | – | new |
| 44 | COF CAPITAL ONE FINL CORP | Financial Services | 0.3% | $3.8m | 18,000 | -53% | reduced |
| 45 | STZ CONSTELLATION BRANDS INC | Consumer Defensive | 0.3% | $3.7m | 27,500 | 96% | added |
| 46 | BAND BANDWIDTH INC | Technology | 0.2% | $3.0m | 180,721 | 0% | held |
| 47 | NIQ NIQ GLOBAL INTELLIGENCE PLC | 0.1% | $1.8m | 113,000 | – | new | |
| 48 | BTC GRAYSCALE BITCOIN MINI TR ET | 0.1% | $1.3m | 24,700 | 0% | held | |
| 49 | TSEOQ TRINSEO PLC | Basic Materials | 0.1% | $661.0k | 281,279 | 0% | held |
| 50 | SNBRQ SLEEP NUMBER CORP | Consumer Cyclical | 0.0% | $391.7k | 55,798 | -81% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.