Lakewood Asset Management LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 22, 2024), Lakewood Asset Management LLC reported 115 stock positions worth $147.1 million. Its top holding was SS SPDR BB 1-3M T-Bill ETF (BIL) at 7.1% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 6.4%) and Schwab Fndmntl US LRG Co. ETF (FNDX, 4.7%). Compared with Q4 2023, it opened 9 new positions, sold out of 3, added to 68 and reduced 21. The biggest buy was a new position in CF Industries (CF) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −7%).

Most Recent 13F
Q2 2026
Location
NAPERVILLE, IL
CIK
0001966581
Portfolio Value
$147.1M (Q1 2024)
SEC Filing
0001754960-24-000164 ↗ filed Apr 22, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $147.1M $147.1M Q1 2024 Q2 2024: $143.4M Q2 2024 Q3 2024: $146.4M Q3 2024 Q4 2024: $145.2M Q4 2024 Q1 2025: $148.2M Q1 2025 Q2 2025: $149.7M Q2 2025 Q3 2025: $165.4M Q3 2025 Q4 2025: $170.2M Q4 2025 Q1 2026: $156.4M Q1 2026 Q2 2026: $182.3M Q2 2026

Holdings 115 stocks · $147.1M
BIL SS SPDR BB 1-3M T-Bill ETF 7.13% 114,178 $10.5M Reduce -6.5%
BRK.B Berkshire Hathaway Inc. Class B 6.37% 22,287 $9.4M Add +3.3%
FNDX Schwab Fndmntl US LRG Co. ETF 4.69% 102,408 $6.9M Add +4.0%
WSM Williams-Sonoma Inc. 3.15% 14,600 $4.6M Reduce -1.5%
MCK McKesson Corp. 3.07% 8,425 $4.5M Add +0.7%
COP Conocophillips 2.87% 33,117 $4.2M Add +4.1%
VT Vanguard Tot World STK ETF 2.80% 37,211 $4.1M Add +6.2%
AAPL Apple Inc. 2.64% 22,606 $3.9M Reduce -16.8%
AZO AutoZone Inc. 2.42% 1,128 $3.6M No change
NVR NVR Inc. 2.41% 437 $3.5M Add +1.4%
VTI VG Morningstar TS MKT ETF-US 2.24% 12,653 $3.3M Reduce -0.6%
MSFT Microsoft Corp. 2.20% 7,675 $3.2M Add +12.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 2.18% 84,519 $3.2M Add +7.3%
EBAY eBay Inc. 1.88% 52,393 $2.8M Add +1.3%
FANG Diamondback Energy Inc. 1.67% 12,384 $2.5M Add +1.2%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 1.54% 41,311 $2.3M Add +2.1%
RTX RTX Corp. 1.50% 22,629 $2.2M Add +7.4%
KMX Carmax Inc. 1.40% 23,668 $2.1M Add +3.4%
CVS CVS Health Corp. 1.40% 25,765 $2.1M Reduce -3.0%
BKNG Booking Holdings Inc. 1.39% 563 $2.0M Reduce -0.2%
INTC Intel Corp. 1.39% 46,238 $2.0M Add +1.2%
HPE Hewlett Packard Enterprise 1.39% 115,089 $2.0M Add +1.4%
DKS Dick's Sporting Goods Inc. 1.30% 8,492 $1.9M Add +1.2%
CSCO Cisco Systems Inc. 1.29% 37,990 $1.9M Add +0.3%
MTB M & T Bank Corp. filed as M & T BK CORP 1.23% 12,428 $1.8M Add +8.1%
FNDA Schwab Fndmntl US SM Co. ETF 1.16% 29,999 $1.7M Add +3.2%
RF Regions Financial Corp. 1.15% 80,261 $1.7M Add +1.4%
LEN Lennar Corp. Class A 1.09% 9,315 $1.6M Reduce -0.0%
MHK Mohawk Industries Inc. 1.09% 12,195 $1.6M Add +7.1%
PTLO Portillo's Inc. Class A 1.08% 112,121 $1.6M Add +120.5%
BMY Bristol-Myers Squibb Co. 1.07% 29,093 $1.6M Add +10.4%
LEA Lear Corp. 1.03% 10,504 $1.5M Add +5.1%
EPD Enterprise Products Partners 1.01% 51,167 $1.5M Add +24.3%
CARR Carrier Global Corp. 0.99% 24,996 $1.5M Add +16.2%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.98% 40,683 $1.4M Add +1.8%
IVV iShares Core S&P 500 ETF 0.96% 2,690 $1.4M Add +3.3%
ATKR Atkore Inc. 0.87% 6,710 $1.3M Reduce -2.4%
CAT Caterpillar Inc. 0.87% 3,478 $1.3M Add +28.2%
VTIP Vanguard Short-Term Tips 0.83% 25,484 $1.2M Reduce -3.9%
AIG American International Group 0.74% 13,965 $1.1M Add +26.8%
JNJ Johnson & Johnson 0.73% 6,775 $1.1M Add +9.8%
UPS United Parcel Service Class B 0.66% 6,576 $977K Add +21.2%
ACN Accenture PLC Class A 0.64% 2,709 $939K Add +8.4%
WHR Whirlpool Corp. 0.63% 7,713 $923K Add +3.0%
CTVA Corteva Inc. 0.60% 15,403 $888K Add +24.4%
BIP Brookfield Infrastructure Pa 0.60% 28,364 $885K Add +15.1%
XOM Exxon Mobil Corp. 0.60% 7,586 $882K Add +13.9%
VTEB Vanguard Tax-Exempt Bond ETF 0.58% 16,787 $849K Add +94.1%
IWD iShares Russell 1000 Value E 0.57% 4,700 $842K Reduce -1.4%
VXUS Vanguard Total Intl Stock 0.57% 13,888 $837K Reduce -19.6%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.56% 9,933 $827K New
BN Brookfield Corp. 0.56% 19,683 $824K Add +15.2%
VOO Vanguard S&P 500 ETF 0.55% 1,692 $813K Add +32.2%
MKL Markel Group Inc. 0.54% 523 $796K Add +1.9%
WIRE Encore Wire Corp. 0.51% 2,847 $748K Add +0.1%
CMI Cummins Inc. 0.49% 2,454 $723K Add +29.1%
AMGN Amgen Inc. 0.48% 2,471 $703K Add +0.1%
VUSB Vanguard Ultra Short Bond Et 0.47% 13,907 $689K Add +1.1%
ADI Analog Devices Inc. 0.45% 3,361 $665K Add +29.4%
META Meta Platforms Inc. Class A 0.45% 1,356 $658K No change
CLMB Climb Global Solutions Inc. 0.44% 9,138 $648K Reduce -0.5%
JPM JPMorgan Chase & Co. 0.43% 3,171 $635K Add +57.6%
GILD Gilead Sciences Inc. 0.41% 8,317 $609K Add +18.5%
LLY Eli Lilly & Co. 0.39% 729 $567K Reduce -13.1%
VEU Vanguard Ftse All-World Ex-U 0.37% 9,392 $551K Add +0.3%
SPY SS SPDR S&P 500 ETF Trust-US 0.36% 1,022 $535K Add +0.3%
PM Philip Morris International 0.35% 5,621 $515K Add +27.5%
CVX Chevron Corp. 0.34% 3,209 $506K Reduce -17.1%
FITB Fifth Third Bancorp 0.34% 13,499 $502K No change
ECL Ecolab Inc. 0.33% 2,083 $481K Reduce -3.1%
GRBK Green Brick Partners Inc. 0.30% 7,366 $444K No change
AVGO Broadcom Inc. 0.30% 334 $443K No change
GD General Dynamics Corp. 0.30% 1,552 $438K Add +45.9%
ZBH Zimmer Biomet Holdings Inc. 0.29% 3,216 $424K Add +31.9%
SDY SS SPDR S&P Dividend ETF 0.28% 3,156 $414K Reduce -4.3%
AMCX AMC Global Media Inc. filed as AMC NETWORKS INC 0.26% 31,918 $387K Reduce -0.3%
HCC Warrior Met Coal Inc. 0.25% 6,070 $368K Reduce -0.2%
WGO Winnebago Industries 0.25% 4,914 $364K Reduce -0.0%
GOOG Alphabet Inc. Class C 0.23% 2,229 $339K No change
CVCO Cavco Industries Inc. 0.22% 807 $322K No change
ORCL Oracle Corp. 0.22% 2,547 $320K Add +0.1%
QQQ Invesco QQQ Trust Series 1 0.21% 710 $315K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.21% 1,624 $312K Add +1.2%
IT Gartner Inc. 0.21% 651 $310K New
ACIW Aci Worldwide Inc. 0.21% 9,096 $302K No change
BBSI Barrett Business SVCS Inc. 0.20% 2,379 $301K No change
EGY Vaalco Energy Inc. 0.20% 43,045 $300K Add +0.0%
PNSTQ Pinstripes Holdings Inc. 0.20% 92,024 $299K New
FCX Freeport-McMoran Inc. 0.20% 6,266 $295K Add +0.2%
FNDC Schwab Fndmnt Intl SM Eq ETF 0.20% 8,202 $291K Add +5.6%
ABBV Abbvie Inc. 0.19% 1,559 $284K Add +0.3%
PEP Pepsico Inc. 0.19% 1,597 $279K No change
UNH Unitedhealth Group Inc. 0.19% 560 $277K Add +0.2%
ABT Abbott Laboratories 0.18% 2,332 $265K Add +5.0%
VVX V2X Inc. 0.18% 5,592 $261K Add +0.0%
LIN Linde PLC 0.18% 562 $261K No change
UHAL U-Haul Holding Co. 0.18% 3,836 $259K Reduce -0.3%
OSBC Old Second Bancorp Inc. 0.17% 17,904 $248K Add +0.0%
BSV Vanguard Short-Term Bond ETF 0.17% 3,214 $246K Add +9.0%
VTES Vanguard SH Term Tax-Ex Bond 0.16% 2,409 $243K New
PRDO Perdoceo Education Corp. 0.16% 13,751 $241K Add +0.0%
KMI Kinder Morgan Inc. 0.16% 12,956 $238K Add +0.6%
NVDA Nvidia Corp. 0.16% 261 $236K New
PANL Pangaea Logistics Solutions 0.15% 32,692 $228K No change
CMA Comerica Inc. 0.15% 4,000 $220K No change
XYL Xylem Inc. 0.15% 1,700 $220K New
AMZN Amazon.com Inc. 0.14% 1,150 $207K New
FONR Fonar Corp. 0.14% 9,620 $205K New
PKBK Parke Bancorp Inc. 0.14% 11,855 $204K Add +0.1%
PG The Procter & Gamble Co. 0.14% 1,252 $203K New
SD Sandridge Energy Inc. 0.14% 13,663 $199K Add +1.3%
BTE Baytex Energy Corp. 0.13% 53,243 $193K No change
KRMD Koru Medical Systems Inc. 0.10% 59,925 $141K No change
CRWS Crown Crafts Inc. 0.08% 24,447 $125K Reduce -1.2%
AOUT American Outdoor Brands Inc. 0.06% 10,401 $92K No change

Portfolio Sells Q4 2023 → Q1 2024
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -6.5% 7.13% −1.55
AAPL Apple Inc. Reduce -16.8% 2.64% −1.43
WBD Warner Bros Discovery Inc. Sold out 0.00% −0.52
CVS CVS Health Corp. Reduce -3.0% 1.40% −0.23
VXUS Vanguard Total Intl Stock Reduce -19.6% 0.57% −0.21
AMCX AMC Global Media Inc. Reduce -0.3% 0.26% −0.20
BKNG Booking Holdings Inc. Reduce -0.2% 1.39% −0.17
PFE Pfizer Inc. Sold out 0.00% −0.16
NTR Nutrien Ltd. Sold out 0.00% −0.16
VTIP Vanguard Short-Term Tips Reduce -3.9% 0.83% −0.15
VTI VG Morningstar TS MKT ETF-US Reduce -0.6% 2.24% −0.11
CVX Chevron Corp. Reduce -17.1% 0.34% −0.10
IWD iShares Russell 1000 Value E Reduce -1.4% 0.57% −0.04
UHAL U-Haul Holding Co. Reduce -0.3% 0.18% −0.04
SDY SS SPDR S&P Dividend ETF Reduce -4.3% 0.28% −0.04
HCC Warrior Met Coal Inc. Reduce -0.2% 0.25% −0.04
WGO Winnebago Industries Reduce -0.0% 0.25% −0.03
CRWS Crown Crafts Inc. Reduce -1.2% 0.08% −0.01
ECL Ecolab Inc. Reduce -3.1% 0.33% −0.00
LLY Eli Lilly & Co. Reduce -13.1% 0.39% +0.01
LEN Lennar Corp. Class A Reduce -0.0% 1.09% +0.01
ATKR Atkore Inc. Reduce -2.4% 0.87% +0.01
CLMB Climb Global Solutions Inc. Reduce -0.5% 0.44% +0.05
WSM Williams-Sonoma Inc. Reduce -1.5% 3.15% +0.83

Portfolio Buys Q4 2023 → Q1 2024
CF CF Industries Holdings Inc. New 0.56% +0.56
PTLO Portillo's Inc. Class A Add +120.5% 1.08% +0.45
BRK.B Berkshire Hathaway Inc. Class B Add +3.3% 6.37% +0.39
DKS Dick's Sporting Goods Inc. Add +1.2% 1.30% +0.34
CAT Caterpillar Inc. Add +28.2% 0.87% +0.24
VTEB Vanguard Tax-Exempt Bond ETF Add +94.1% 0.58% +0.23
IT Gartner Inc. New 0.21% +0.21
PNSTQ Pinstripes Holdings Inc. New 0.20% +0.20
MSFT Microsoft Corp. Add +12.3% 2.20% +0.20
FANG Diamondback Energy Inc. Add +1.2% 1.67% +0.19
EPD Enterprise Products Partners Add +24.3% 1.01% +0.17
MHK Mohawk Industries Inc. Add +7.1% 1.09% +0.17
JPM JPMorgan Chase & Co. Add +57.6% 0.43% +0.17
VTES Vanguard SH Term Tax-Ex Bond New 0.16% +0.16
AIG American International Group Add +26.8% 0.74% +0.16
NVDA Nvidia Corp. New 0.16% +0.16
XYL Xylem Inc. New 0.15% +0.15
CTVA Corteva Inc. Add +24.4% 0.60% +0.14
AMZN Amazon.com Inc. New 0.14% +0.14
FONR Fonar Corp. New 0.14% +0.14
PG The Procter & Gamble Co. New 0.14% +0.14
CMI Cummins Inc. Add +29.1% 0.49% +0.14
EBAY eBay Inc. Add +1.3% 1.88% +0.13
RTX RTX Corp. Add +7.4% 1.50% +0.12
VOO Vanguard S&P 500 ETF Add +32.2% 0.55% +0.12
BAC Bank of America Corp. Add +7.3% 2.18% +0.12
GD General Dynamics Corp. Add +45.9% 0.30% +0.08
XOM Exxon Mobil Corp. Add +13.9% 0.60% +0.08
MCK McKesson Corp. Add +0.7% 3.07% +0.06
NVR NVR Inc. Add +1.4% 2.41% +0.06
ZBH Zimmer Biomet Holdings Inc. Add +31.9% 0.29% +0.06
EGY Vaalco Energy Inc. Add +0.0% 0.20% +0.05
ADI Analog Devices Inc. Add +29.4% 0.45% +0.05
KMX Carmax Inc. Add +3.4% 1.40% +0.04
WIRE Encore Wire Corp. Add +0.1% 0.51% +0.04
PM Philip Morris International Add +27.5% 0.35% +0.03
CARR Carrier Global Corp. Add +16.2% 0.99% +0.03
BN Brookfield Corp. Add +15.2% 0.56% +0.03
BMY Bristol-Myers Squibb Co. Add +10.4% 1.07% +0.02
ORCL Oracle Corp. Add +0.1% 0.22% +0.01
ABBV Abbvie Inc. Add +0.3% 0.19% +0.01
MTB M & T Bank Corp. Add +8.1% 1.23% +0.00
UPS United Parcel Service Class B Add +21.2% 0.66% +0.00
BIP Brookfield Infrastructure Pa Add +15.1% 0.60% −0.00
COP Conocophillips Add +4.1% 2.87% −0.00
IVV iShares Core S&P 500 ETF Add +3.3% 0.96% −0.01
VT Vanguard Tot World STK ETF Add +6.2% 2.80% −0.01
FCX Freeport-McMoran Inc. Add +0.2% 0.20% −0.01
SD Sandridge Energy Inc. Add +1.3% 0.14% −0.01
BSV Vanguard Short-Term Bond ETF Add +9.0% 0.17% −0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 107$182.3MFNDX, VPLS, VT, BRK.B, VBIL
Q1 2026 107$156.4MFNDX, BRK.B, VBIL, VT, VPLS
Q4 2025 105$170.2MBRK.B, FNDX, VBIL, VT, VPLS
Q3 2025 104$165.4MBRK.B, FNDX, BIL, VT, AZO
Q2 2025 101$149.7MBRK.B, FNDX, BIL, VT, AZO
Q1 2025 101$148.2MBRK.B, BIL, FNDX, MCK, AZO
Q4 2024 120$145.2MBRK.B, BIL, FNDX, VT, AAPL
Q3 2024 119$146.4MBIL, BRK.B, FNDX, VT, AAPL
Q2 2024 116$143.4MBIL, BRK.B, FNDX, MCK, AAPL
Q1 2024 115$147.1MBIL, BRK.B, FNDX, WSM, MCK