What stocks does Lakewood Capital Management own?

As of Q2 2026, Lakewood Capital Management reported 65 positions with a combined 13F value of $1.9B. Its largest stock positions are CI ($117.9M), AXTA ($117.2M) and ICLR ($101.7M).

How often does Lakewood Capital Management update its portfolio?

Lakewood Capital Management files a 13F with the SEC every quarter, due 45 days after quarter end. The latest covers Q2 2026 and was filed Aug 14, 2026. The next one is due by Nov 16, 2026.

What does Lakewood Capital Management's 13F leave out?

A 13F lists long positions in US-listed stocks and some options held on the last day of a quarter. It leaves out short positions, most bonds, holdings not listed in the US and anything bought or sold since the quarter ended.

Where does Lakewood Capital Management's portfolio data come from?

From the 13F filings Lakewood Capital Management makes to the SEC, available on EDGAR. Each quarter shows how positions changed from the one before.

Smart money

Lakewood Capital Management, LP

Return history

Last 4 years · filing-date model

$100,000 to $205,613

$100,000 in SPY: $217,206.

Total return

+106%

Annualized (4Y CAGR)

+19.7%

vs SPY

−1.7 pts/yr

Moves a year

143

Avg hold

12.3 months

17 filings · quarters -4.9% to +14.7%

All time

+82.9% since May 16, 2022

Fund size $2B today

Oct 6, 2022 to Oct 5, 2026 · min. 80% quarterly priced · Disclosed book, unaudited · Method

Position-weighted returns use each SEC filing date. Options use underlying-stock proxies, not option premiums; put proxies can lose more than 100%. Cash, shorts, non-13F holdings and trades between filings are excluded.

New CPA and exited AL in Q2 2026.

$1.9B in this filing65 positions

Holdings as of Jun 30, 2026. Filed Aug 14, 2026.

Stocks and funds

Share change vs Mar 31

1CIThe Cigna Group6.12%
$117.9M - 428K shares+0.4%
2AXTAAxalta Coating SYS LTD6.08%
$117.2M - 3.4M shares+18.2%
3ICLRIcon Pub LTD Co5.27%
$101.7M - 585K shares-21.7%
4ALLYAlly Finl Inc4.19%
$80.8M - 1.8M shares+6.4%
5CPACopa Holdings SA3.99%
$77.0M - 495K sharesNEW
6GPIGroup 1 Automotive Inc3.74%
$72.1M - 248K shares+16.2%
7SHCSotera Health Co3.66%
$70.6M - 4.0M shares-3.0%
8CDWCDW Corp3.53%
$68.0M - 484K shares+92.6%

#	Stock				At Jun 30	Now
1	CIThe Cigna Group	6.12%	$117.9M	+0.4%	$275.68	$298.81 +8.4%
2	AXTAAxalta Coating SYS LTD	6.08%	$117.2M	+18.2%	$34.22	$33.08 -3.3%
3	ICLRIcon Pub LTD Co	5.27%	$101.7M	-21.7%	$173.71	$175.13 +0.8%
4	ALLYAlly Finl Inc	4.19%	$80.8M	+6.4%	$45.95	$36.74 -20.0%
5	CPACopa Holdings SA	3.99%	$77.0M	NEW	$155.57	$131.07 -15.7%
6	GPIGroup 1 Automotive Inc	3.74%	$72.1M	+16.2%	$291.17	$239.80 -17.6%
7	SHCSotera Health Co	3.66%	$70.6M	-3.0%	$17.75	$18.07 +1.8%
8	CDWCDW Corp	3.53%	$68.0M	+92.6%	$140.64	$154.33 +9.7%

57 more on a paid plan

Unlock the full portfolio and quarterly changes.

Unlock all 57 holdings

What is missing

Top 10 concentration: 43%. This filing does not include cash, short positions, private investments, bonds, or many overseas holdings. Next filing due ~Nov 16, 2026.

Disclosed changes

Q2 2026 holdings. Exact trade dates are not disclosed.

More disclosures (12)

Common questions

What stocks does Lakewood Capital Management own?: As of Q2 2026, Lakewood Capital Management reported 65 positions with a combined 13F value of $1.9B. Its largest stock positions are CI ($117.9M), AXTA ($117.2M) and ICLR ($101.7M).
How often does Lakewood Capital Management update its portfolio?: Lakewood Capital Management files a 13F with the SEC every quarter, due 45 days after quarter end. The latest covers Q2 2026 and was filed Aug 14, 2026. The next one is due by Nov 16, 2026.
What does Lakewood Capital Management's 13F leave out?: A 13F lists long positions in US-listed stocks and some options held on the last day of a quarter. It leaves out short positions, most bonds, holdings not listed in the US and anything bought or sold since the quarter ended.
Where does Lakewood Capital Management's portfolio data come from?: From the 13F filings Lakewood Capital Management makes to the SEC, available on EDGAR. Each quarter shows how positions changed from the one before.