Lakewood Capital Management, LP reported 61 positions worth $1.92B for the quarter ended Jun 30, 2026, up 26.8% on the prior quarter. It opened 10 new positions, added to 23, trimmed 15 and exited 8. Its largest holding is Cigna Group at 6.1% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| CPA Copa Holdings, S.A. | +494.9K | – | $76.99M | 4.01% |
| SPOT Spotify Technology S.A. | +93.5K | – | $42.93M | 2.24% |
| CCS Century Communities, Inc. | +487.0K | – | $34.90M | 1.82% |
| MA Mastercard Inc | +65.8K | +150.7% | $33.79M | 2.93% |
| CDW CDW Corp | +232.5K | +92.6% | $32.70M | 3.54% |
| META Meta Platforms, Inc. | +45.1K | +63.7% | $25.42M | 3.41% |
| AXTA Axalta Coating Systems Ltd. | +528.0K | +18.2% | $18.07M | 6.11% |
| V Visa Inc. | +49.0K | +68.5% | $16.81M | 2.16% |
| IQV Iqvia Holdings Inc. | +85.5K | +36.8% | $16.52M | 3.2% |
| HCA HCA Healthcare, Inc. | +38.5K | – | $15.01M | 0.782% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| ICLR Icon Plc | -162.5K | -21.7% | $28.23M | 5.3% |
| ELV Elevance Health, Inc. | -53.0K | -47.2% | $20.50M | 1.2% |
| ARW Arrow Electronics, Inc. | -79.0K | -30.9% | $16.86M | 1.96% |
| BZH Beazer Homes Usa Inc | -777.5K | -100.0% | $14.96M | Exited |
| UNFI United Natural Foods Inc | -305.0K | -46.6% | $13.93M | 0.833% |
| HSIC Henry Schein Inc | -165.0K | -63.0% | $13.78M | 0.422% |
| TFSL TFS Financial CORP | -765.0K | -27.0% | $13.56M | 1.91% |
| BC Brunswick Corp | -127.0K | -21.6% | $10.70M | 2.02% |
| RELY Remitly Global, Inc. | -450.0K | -37.5% | $10.08M | 0.877% |
| UNP Union Pacific Corp | -35.0K | -25.6% | $9.52M | 1.44% |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| CPA Copa Holdings, S.A. | +494.9K | $76.99M | 4.01% |
| SPOT Spotify Technology S.A. | +93.5K | $42.93M | 2.24% |
| CCS Century Communities, Inc. | +487.0K | $34.90M | 1.82% |
| HCA HCA Healthcare, Inc. | +38.5K | $15.01M | 0.782% |
| INGM Ingram Micro Holding Corp | +395.0K | $10.83M | 0.565% |
| LKQ Lkq Corp | +265.0K | $6.98M | 0.364% |
| NSP Insperity, Inc. | +165.0K | $6.82M | 0.355% |
| IOT Samsara Inc. | +175.0K | $5.68M | 0.296% |
| FRMI Fermi Inc. | +600.0K | $5.50M | 0.286% |
| GDS GDS Holdings Ltd | +179.0K | $5.38M | 0.28% |
| Holding | Shares Sold | Trade Value | Prior Weight |
|---|---|---|---|
| BZH Beazer Homes Usa Inc | -777.5K | $14.96M | 0.989% |
| TFX Teleflex Inc | -64.0K | $7.66M | 0.506% |
| C Citigroup Inc | -64.3K | $7.30M | 0.482% |
| DELL Dell Technologies Inc. | -35.8K | $5.88M | 0.388% |
| ASST Strive, Inc. | -328.6K | $3.29M | 0.218% |
| COF Capital One Financial Corp | -18.0K | $3.28M | 0.217% |
| WAY Waystar Holding Corp. | -96.7K | $2.33M | 0.154% |
| BAND Bandwidth Inc. | -65.7K | $1.17M | 0.077% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | CI Cigna Group | Healthcare | 427.8K | $117.94M | 6.15% | +1,500 | +0.4% | Added | 0.16% |
| 2 | AXTA Axalta Coating Systems Ltd. | Basic Materials | 3.42M | $117.16M | 6.11% | +528.0K | +18.2% | Added | 1.6% |
| 3 | ICLR Icon Plc | Healthcare | 585.2K | $101.66M | 5.3% | -162.5K | -21.7% | Reduced | 0.75% |
| 4 | ALLY Ally Financial Inc. | Financial Services | 1.76M | $80.82M | 4.21% | +106.0K | +6.4% | Added | 0.57% |
| 5 | CPA Copa Holdings, S.A. | Industrials | 494.9K | $76.99M | 4.01% | +494.9K | – | New | 1.2% |
| 6 | GPI Group 1 Automotive Inc | Consumer Discretionary | 247.6K | $72.10M | 3.76% | +34.5K | +16.2% | Added | 2.08% |
| 7 | SHC Sotera Health Co | Healthcare | 3.98M | $70.64M | 3.68% | -125.0K | -3.0% | Reduced | 1.39% |
| 8 | CDW CDW Corp | Technology | 483.5K | $68.00M | 3.54% | +232.5K | +92.6% | Added | 0.38% |
| 9 | META Meta Platforms, Inc. | Technology | 116.0K | $65.33M | 3.41% | +45.1K | +63.7% | Added | 0% |
| 10 | SSNC SS&C Technologies Holdings Inc | Technology | 1.02M | $63.10M | 3.29% | +70.0K | +7.4% | Added | 0.43% |
| 11 | IQV Iqvia Holdings Inc. | Healthcare | 317.9K | $61.42M | 3.2% | +85.5K | +36.8% | Added | 0.19% |
| 12 | VTRS Viatris Inc | Healthcare | 3.74M | $59.33M | 3.09% | +65.0K | +1.8% | Added | 0.32% |
| 13 | MA Mastercard Inc | Financial Services | 109.5K | $56.22M | 2.93% | +65.8K | +150.7% | Added | 0.01% |
| 14 | FAF First American Financial Corp | Financial Services | 735.9K | $50.48M | 2.63% | +92.0K | +14.3% | Added | 0.72% |
| 15 | AMRZ Amrize Ltd | Basic Materials | 888.2K | $47.34M | 2.47% | +74.0K | +9.1% | Added | 0.16% |
Tip. Select a row to see that position’s full history at Lakewood Capital Management.
As of its Q2 2026 13F filing, Lakewood Capital Management, LP’s five largest positions were Cigna Group (CI) at 6.1%, Axalta Coating Systems Ltd. (AXTA) at 6.1%, Icon Plc (ICLR) at 5.3%, Ally Financial Inc. (ALLY) at 4.2%, Copa Holdings, S.A. (CPA) at 4.0% of the reported portfolio.
Lakewood Capital Management, LP reported a 13F portfolio worth $1.92B across 61 positions for Q2 2026. That is up 26.8% from the previous quarter.
Its largest purchases by value were Copa Holdings, S.A. ($76.99M), Spotify Technology S.A. ($42.93M), Century Communities, Inc. ($34.90M). It opened 10 new positions.
Its largest sales by value were Icon Plc ($28.23M), Elevance Health, Inc. ($20.50M), Arrow Electronics, Inc. ($16.86M). It exited 8 positions entirely.
From the Form 13F-HR reports Lakewood Capital Management, LP files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.