Lakewood Asset Management LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 7, 2024), Lakewood Asset Management LLC reported 119 stock positions worth $146.4 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, 6.7%) and Schwab Fndmntl US LRG Co. ETF (FNDX, 6.0%). Compared with Q2 2024, it opened 5 new positions, sold out of 2, added to 46 and reduced 54. The biggest buy was Schwab Fndmntl US LRG Co. ETF (FNDX, shares +2%) and the biggest sale McKesson (MCK, shares −12%).

Most Recent 13F
Q2 2026
Location
NAPERVILLE, IL
CIK
0001966581
Portfolio Value
$146.4M (Q3 2024)
SEC Filing
0001754960-24-000473 ↗ filed Oct 7, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $147.1M Q1 2024 Q2 2024: $143.4M Q2 2024 Q3 2024: $146.4M $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 119 stocks · $146.4M
BIL SS SPDR BB 1-3M T-Bill ETF 7.11% 113,365 $10.4M Reduce -2.5%
BRK.B Berkshire Hathaway Inc. Class B 6.74% 21,425 $9.9M Reduce -3.4%
FNDX Schwab Fndmntl US LRG Co. ETF 6.03% 122,999 $8.8M Add +1.7%
VT Vanguard Tot World STK ETF 3.28% 40,161 $4.8M Add +4.1%
AAPL Apple Inc. 3.03% 19,012 $4.4M Reduce -15.6%
NVR NVR Inc. 2.61% 390 $3.8M Reduce -10.6%
WSM Williams-Sonoma Inc. 2.49% 23,518 $3.6M Reduce -17.6%
VTI VG Morningstar TS MKT ETF-US 2.48% 12,819 $3.6M Add +0.7%
MCK McKesson Corp. 2.48% 7,328 $3.6M Reduce -12.3%
MSFT Microsoft Corp. 2.23% 7,579 $3.3M Reduce -0.1%
AZO AutoZone Inc. 2.23% 1,035 $3.3M Reduce -10.3%
COP Conocophillips 2.09% 29,054 $3.1M Reduce -12.0%
EBAY eBay Inc. 2.08% 46,731 $3.0M Reduce -10.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 2.06% 76,007 $3.0M Reduce -10.1%
RTX RTX Corp. 1.75% 21,101 $2.6M Reduce -6.3%
FNDA Schwab Fndmntl US SM Co. ETF 1.48% 36,303 $2.2M Add +6.3%
HPE Hewlett Packard Enterprise 1.46% 104,533 $2.1M Reduce -8.5%
BKNG Booking Holdings Inc. 1.44% 501 $2.1M Reduce -11.0%
MTB M & T Bank Corp. filed as M & T BK CORP 1.41% 11,628 $2.1M Reduce -7.7%
CARR Carrier Global Corp. 1.33% 24,220 $1.9M Reduce -2.8%
FANG Diamondback Energy Inc. 1.33% 11,280 $1.9M Reduce -8.2%
MHK Mohawk Industries Inc. 1.24% 11,303 $1.8M Reduce -7.6%
RF Regions Financial Corp. 1.15% 72,275 $1.7M Reduce -9.6%
KMX Carmax Inc. 1.14% 21,607 $1.7M Reduce -9.8%
FNDF Schwab Fndmn Intl LRG Co. ETF 1.13% 44,261 $1.7M Add +3.9%
LEN Lennar Corp. Class A 1.12% 8,768 $1.6M Reduce -6.6%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 1.11% 38,828 $1.6M Reduce -5.8%
DKS Dick's Sporting Goods Inc. 1.09% 7,658 $1.6M Reduce -8.0%
IVV iShares Core S&P 500 ETF 1.01% 2,572 $1.5M Reduce -3.8%
EPD Enterprise Products Partners 1.00% 50,168 $1.5M Add +0.0%
VTIP Vanguard Short-Term Tips 0.98% 28,986 $1.4M Add +3.8%
BMY Bristol-Myers Squibb Co. 0.94% 26,672 $1.4M Reduce -7.9%
PTLO Portillo's Inc. Class A 0.94% 102,387 $1.4M Reduce -8.1%
CAT Caterpillar Inc. 0.89% 3,335 $1.3M Add +0.1%
ULTA Ulta Beauty Inc. 0.78% 2,918 $1.1M Reduce -4.2%
VTEB Vanguard Tax-Exempt Bond ETF 0.75% 21,364 $1.1M Add +15.6%
LEA Lear Corp. 0.73% 9,831 $1.1M Reduce -6.8%
BN Brookfield Corp. 0.71% 19,683 $1.0M No change
AIG American International Group 0.70% 13,994 $1.0M Add +0.1%
CLMB Climb Global Solutions Inc. 0.67% 9,862 $982K Add +6.6%
BIP Brookfield Infrastructure Pa 0.66% 27,589 $967K No change
JNJ Johnson & Johnson 0.65% 5,849 $948K Reduce -2.2%
ACN Accenture PLC Class A 0.63% 2,609 $922K No change
CTVA Corteva Inc. 0.62% 15,343 $902K Reduce -0.5%
VXUS Vanguard Total Intl Stock 0.62% 13,932 $902K Reduce -0.5%
IWD iShares Russell 1000 Value E 0.60% 4,625 $878K Reduce -0.3%
XOM Exxon Mobil Corp. 0.59% 7,355 $862K Reduce -3.2%
UPS United Parcel Service Class B 0.58% 6,219 $848K Reduce -3.7%
DBX Dropbox Inc. Class A 0.56% 32,290 $821K Reduce -8.9%
VOO Vanguard S&P 500 ETF 0.55% 1,514 $799K Reduce -6.7%
AMGN Amgen Inc. 0.54% 2,475 $798K Add +0.1%
CMI Cummins Inc. 0.54% 2,451 $794K Reduce -0.2%
META Meta Platforms Inc. Class A 0.53% 1,356 $776K No change
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.53% 9,006 $773K Reduce -8.7%
ADI Analog Devices Inc. 0.53% 3,342 $769K Reduce -0.6%
MKL Markel Group Inc. 0.52% 486 $762K Reduce -8.0%
ATKR Atkore Inc. 0.52% 8,931 $757K Add +1.1%
WHR Whirlpool Corp. 0.50% 6,860 $734K Reduce -10.8%
APA Apa Corp. 0.47% 28,111 $688K Reduce -4.7%
GRBK Green Brick Partners Inc. 0.46% 8,069 $674K Add +7.2%
JPM JPMorgan Chase & Co. 0.45% 3,118 $657K Reduce -1.7%
VPLS Vanguard Core-Plus Bond ETF 0.45% 8,233 $653K Add +63.4%
VUSB Vanguard Ultra Short Bond Et 0.44% 13,040 $651K Reduce -9.1%
LLY Eli Lilly & Co. 0.44% 730 $646K Add +0.1%
AVGO Broadcom Inc. 0.43% 3,682 $635K Add +15.8%
SPY SS SPDR S&P 500 ETF Trust-US 0.41% 1,042 $598K Add +1.0%
FITB Fifth Third Bancorp 0.40% 13,499 $578K No change
ECL Ecolab Inc. 0.36% 2,083 $532K No change
VEU Vanguard Ftse All-World Ex-U 0.35% 8,097 $510K Reduce -12.2%
VTES Vanguard SH Term Tax-Ex Bond 0.34% 4,845 $491K Add +27.1%
GD General Dynamics Corp. 0.32% 1,555 $470K Add +0.1%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.31% 2,266 $455K Add +36.7%
SDY SS SPDR S&P Dividend ETF 0.31% 3,156 $448K No change
HCC Warrior Met Coal Inc. 0.29% 6,707 $429K Add +8.0%
CVX Chevron Corp. 0.28% 2,823 $416K Reduce -12.3%
ORCL Oracle Corp. 0.28% 2,405 $410K Reduce -5.7%
PM Philip Morris International 0.27% 3,264 $396K Add +0.4%
BBSI Barrett Business SVCS Inc. 0.27% 10,562 $396K Add +8.2%
CVCO Cavco Industries Inc. 0.26% 902 $386K Add +8.5%
ZBH Zimmer Biomet Holdings Inc. 0.24% 3,217 $347K Add +0.0%
QQQ Invesco QQQ Trust Series 1 0.24% 710 $347K No change
VVX V2X Inc. 0.24% 6,185 $345K Add +8.1%
PRDO Perdoceo Education Corp. 0.23% 15,300 $340K Add +8.7%
ACIW Aci Worldwide Inc. 0.23% 6,569 $334K Reduce -27.8%
IT Gartner Inc. 0.23% 651 $330K No change
UNH Unitedhealth Group Inc. 0.22% 563 $329K Add +0.2%
FNDC Schwab Fndmnt Intl SM Eq ETF 0.22% 8,253 $315K Add +0.6%
WGO Winnebago Industries 0.21% 5,378 $313K Add +7.1%
ABBV Abbvie Inc. 0.21% 1,575 $311K Add +0.5%
OSBC Old Second Bancorp Inc. 0.21% 19,951 $311K Add +8.8%
BSV Vanguard Short-Term Bond ETF 0.21% 3,872 $305K Add +0.9%
FCX Freeport-McMoran Inc. 0.20% 6,003 $300K Reduce -2.7%
AMZN Amazon.com Inc. 0.20% 1,550 $289K Add +34.8%
NVDA Nvidia Corp. 0.19% 2,331 $283K Reduce -7.5%
KMI Kinder Morgan Inc. 0.19% 12,745 $282K Reduce -2.4%
PKBK Parke Bancorp Inc. 0.19% 13,130 $274K Add +8.2%
EGY Vaalco Energy Inc. 0.19% 47,424 $272K Add +7.5%
PEP Pepsico Inc. 0.19% 1,597 $272K No change
LIN Linde PLC 0.18% 562 $268K No change
PANL Pangaea Logistics Solutions 0.18% 36,337 $263K Add +8.4%
UHAL U-Haul Holding Co. 0.18% 3,371 $261K Reduce -11.3%
ABT Abbott Laboratories 0.17% 2,226 $254K Add +0.0%
VTEI Vanguard Int Tax-Exempt Bond 0.17% 2,486 $252K Add +2.4%
GOOG Alphabet Inc. Class C 0.17% 1,502 $251K Reduce -22.2%
MLR Miller Industries Inc. 0.17% 4,105 $250K New
CMA Comerica Inc. 0.16% 4,000 $240K No change
XYL Xylem Inc. 0.16% 1,700 $230K No change
EBF Ennis Inc. 0.16% 9,438 $230K New
PG The Procter & Gamble Co. 0.15% 1,256 $218K Add +0.2%
BOOM DMC Global Inc. 0.14% 15,807 $205K New
SD Sandridge Energy Inc. 0.13% 15,265 $187K Add +9.0%
KRMD Koru Medical Systems Inc. 0.13% 68,225 $186K No change
HGTY Hagerty Inc. Class A 0.13% 18,243 $186K New
BTE Baytex Energy Corp. 0.12% 59,185 $176K Add +8.6%
FONR Fonar Corp. 0.12% 10,688 $173K New
CRWS Crown Crafts Inc. 0.09% 27,375 $131K Add +9.2%
SOLO BRANDS INC 0.08% 81,523 $115K Add +42.5%
AOUT American Outdoor Brands Inc. 0.07% 11,442 $105K Add +7.4%
PNSTQ Pinstripes Holdings Inc. 0.03% 65,321 $50K Reduce -27.0%

Portfolio Sells Q2 2024 → Q3 2024
MCK McKesson Corp. Reduce -12.3% 2.48% −0.93
WIRE Encore Wire Corp. Sold out 0.00% −0.58
COP Conocophillips Reduce -12.0% 2.09% −0.54
FANG Diamondback Energy Inc. Reduce -8.2% 1.33% −0.39
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -2.5% 7.11% −0.33
WSM Williams-Sonoma Inc. Reduce -17.6% 2.49% −0.32
BAC Bank of America Corp. Reduce -10.1% 2.06% −0.28
AAPL Apple Inc. Reduce -15.6% 3.03% −0.28
SLB SLB Ltd. Reduce -5.8% 1.11% −0.24
HPE Hewlett Packard Enterprise Reduce -8.5% 1.46% −0.23
INTC Intel Corp. Sold out 0.00% −0.21
AZO AutoZone Inc. Reduce -10.3% 2.23% −0.16
DKS Dick's Sporting Goods Inc. Reduce -8.0% 1.09% −0.15
PNSTQ Pinstripes Holdings Inc. Reduce -27.0% 0.03% −0.14
MSFT Microsoft Corp. Reduce -0.1% 2.23% −0.14
APA Apa Corp. Reduce -4.7% 0.47% −0.14
BKNG Booking Holdings Inc. Reduce -11.0% 1.44% −0.11
LEA Lear Corp. Reduce -6.8% 0.73% −0.11
KMX Carmax Inc. Reduce -9.8% 1.14% −0.08
GOOG Alphabet Inc. Class C Reduce -22.2% 0.17% −0.08
CVX Chevron Corp. Reduce -12.3% 0.28% −0.07
MKL Markel Group Inc. Reduce -8.0% 0.52% −0.06
VUSB Vanguard Ultra Short Bond Et Reduce -9.1% 0.44% −0.05
WHR Whirlpool Corp. Reduce -10.8% 0.50% −0.05
ULTA Ulta Beauty Inc. Reduce -4.2% 0.78% −0.04
UPS United Parcel Service Class B Reduce -3.7% 0.58% −0.04
VEU Vanguard Ftse All-World Ex-U Reduce -12.2% 0.35% −0.03
NVDA Nvidia Corp. Reduce -7.5% 0.19% −0.02
ACIW Aci Worldwide Inc. Reduce -27.8% 0.23% −0.02
XOM Exxon Mobil Corp. Reduce -3.2% 0.59% −0.02
VOO Vanguard S&P 500 ETF Reduce -6.7% 0.55% −0.02
ADI Analog Devices Inc. Reduce -0.6% 0.53% −0.01
IVV iShares Core S&P 500 ETF Reduce -3.8% 1.01% −0.01
FCX Freeport-McMoran Inc. Reduce -2.7% 0.20% −0.00
JPM JPMorgan Chase & Co. Reduce -1.7% 0.45% +0.00
DBX Dropbox Inc. Class A Reduce -8.9% 0.56% +0.01
KMI Kinder Morgan Inc. Reduce -2.4% 0.19% +0.01
UHAL U-Haul Holding Co. Reduce -11.3% 0.18% +0.01
CF CF Industries Holdings Inc. Reduce -8.7% 0.53% +0.02
VXUS Vanguard Total Intl Stock Reduce -0.5% 0.62% +0.03
ORCL Oracle Corp. Reduce -5.7% 0.28% +0.03
IWD iShares Russell 1000 Value E Reduce -0.3% 0.60% +0.04
RF Regions Financial Corp. Reduce -9.6% 1.15% +0.04
CTVA Corteva Inc. Reduce -0.5% 0.62% +0.04
JNJ Johnson & Johnson Reduce -2.2% 0.65% +0.04
CMI Cummins Inc. Reduce -0.2% 0.54% +0.07
MTB M & T Bank Corp. Reduce -7.7% 1.41% +0.09
BMY Bristol-Myers Squibb Co. Reduce -7.9% 0.94% +0.10
EBAY eBay Inc. Reduce -10.1% 2.08% +0.13
LEN Lennar Corp. Class A Reduce -6.6% 1.12% +0.14

Portfolio Buys Q2 2024 → Q3 2024
FNDX Schwab Fndmntl US LRG Co. ETF Add +1.7% 6.03% +0.38
CLMB Climb Global Solutions Inc. Add +6.6% 0.67% +0.27
VT Vanguard Tot World STK ETF Add +4.1% 3.28% +0.25
VPLS Vanguard Core-Plus Bond ETF Add +63.4% 0.45% +0.18
MLR Miller Industries Inc. New 0.17% +0.17
FNDA Schwab Fndmntl US SM Co. ETF Add +6.3% 1.48% +0.17
GRBK Green Brick Partners Inc. Add +7.2% 0.46% +0.16
EBF Ennis Inc. New 0.16% +0.16
BOOM DMC Global Inc. New 0.14% +0.14
HGTY Hagerty Inc. Class A New 0.13% +0.13
FONR Fonar Corp. New 0.12% +0.12
CAT Caterpillar Inc. Add +0.1% 0.89% +0.12
VTI VG Morningstar TS MKT ETF-US Add +0.7% 2.48% +0.11
VTEB Vanguard Tax-Exempt Bond ETF Add +15.6% 0.75% +0.10
VBR Vngrd Mrngst SL-CP Val ETF-U Add +36.7% 0.31% +0.10
FNDF Schwab Fndmn Intl LRG Co. ETF Add +3.9% 1.13% +0.09
AVGO Broadcom Inc. Add +15.8% 0.43% +0.08
VTES Vanguard SH Term Tax-Ex Bond Add +27.1% 0.34% +0.07
CVCO Cavco Industries Inc. Add +8.5% 0.26% +0.06
BBSI Barrett Business SVCS Inc. Add +8.2% 0.27% +0.05
VVX V2X Inc. Add +8.1% 0.24% +0.04
AMZN Amazon.com Inc. Add +34.8% 0.20% +0.04
PM Philip Morris International Add +0.4% 0.27% +0.04
PKBK Parke Bancorp Inc. Add +8.2% 0.19% +0.04
VTIP Vanguard Short-Term Tips Add +3.8% 0.98% +0.03
UNH Unitedhealth Group Inc. Add +0.2% 0.22% +0.03
ABBV Abbvie Inc. Add +0.5% 0.21% +0.03
WGO Winnebago Industries Add +7.1% 0.21% +0.02
OSBC Old Second Bancorp Inc. Add +8.8% 0.21% +0.02
PRDO Perdoceo Education Corp. Add +8.7% 0.23% +0.02
HCC Warrior Met Coal Inc. Add +8.0% 0.29% +0.02
SPY SS SPDR S&P 500 ETF Trust-US Add +1.0% 0.41% +0.02
FNDC Schwab Fndmnt Intl SM Eq ETF Add +0.6% 0.22% +0.02
ABT Abbott Laboratories Add +0.0% 0.17% +0.01
GD General Dynamics Corp. Add +0.1% 0.32% +0.01
AMGN Amgen Inc. Add +0.1% 0.54% +0.01
AOUT American Outdoor Brands Inc. Add +7.4% 0.07% +0.01
PG The Procter & Gamble Co. Add +0.2% 0.15% +0.00
VTEI Vanguard Int Tax-Exempt Bond Add +2.4% 0.17% +0.00
BSV Vanguard Short-Term Bond ETF Add +0.9% 0.21% +0.00
SD Sandridge Energy Inc. Add +9.0% 0.13% +0.00
CRWS Crown Crafts Inc. Add +9.2% 0.09% −0.00
PANL Pangaea Logistics Solutions Add +8.4% 0.18% −0.00
ZBH Zimmer Biomet Holdings Inc. Add +0.0% 0.24% −0.01
EGY Vaalco Energy Inc. Add +7.5% 0.19% −0.01
BTE Baytex Energy Corp. Add +8.6% 0.12% −0.01
SOLO BRANDS INC Add +42.5% 0.08% −0.01
EPD Enterprise Products Partners Add +0.0% 1.00% −0.02
LLY Eli Lilly & Co. Add +0.1% 0.44% −0.02
AIG American International Group Add +0.1% 0.70% −0.02

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