Lakewood Asset Management LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 14, 2025), Lakewood Asset Management LLC reported 120 stock positions worth $145.2 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 6.7% of the portfolio, followed by SS SPDR BB 1-3M T-Bill ETF (BIL, 6.5%) and Schwab Fndmntl US LRG Co. ETF (FNDX, 6.0%). Compared with Q3 2024, it opened 2 new positions, sold out of 1, added to 77 and reduced 27. The biggest buy was McKesson (MCK, shares +1%) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −9%).

Most Recent 13F
Q2 2026
Location
NAPERVILLE, IL
CIK
0001966581
Portfolio Value
$145.2M (Q4 2024)
SEC Filing
0001754960-25-000025 ↗ filed Jan 14, 2025

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 Q3 2024 Q4 2024: $145.2M $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 120 stocks · $145.2M
BRK.B Berkshire Hathaway Inc. Class B 6.70% 21,468 $9.7M Add +0.2%
BIL SS SPDR BB 1-3M T-Bill ETF 6.50% 103,282 $9.4M Reduce -8.9%
FNDX Schwab Fndmntl US LRG Co. ETF 5.98% 366,481 $8.7M Reduce -0.7%
VT Vanguard Tot World STK ETF 3.40% 41,964 $4.9M Add +4.5%
AAPL Apple Inc. 3.24% 18,793 $4.7M Reduce -1.1%
WSM Williams-Sonoma Inc. 2.98% 23,367 $4.3M Reduce -0.6%
MCK McKesson Corp. 2.89% 7,366 $4.2M Add +0.5%
VTI VG Morningstar TS MKT ETF-US 2.53% 12,657 $3.7M Reduce -1.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 2.31% 76,287 $3.4M Add +0.4%
AZO AutoZone Inc. 2.29% 1,040 $3.3M Add +0.5%
NVR NVR Inc. 2.21% 392 $3.2M Add +0.5%
MSFT Microsoft Corp. 2.20% 7,580 $3.2M Add +0.0%
COP Conocophillips 1.99% 29,182 $2.9M Add +0.4%
EBAY eBay Inc. 1.98% 46,297 $2.9M Reduce -0.9%
RTX RTX Corp. 1.69% 21,178 $2.5M Add +0.4%
BKNG Booking Holdings Inc. 1.68% 492 $2.4M Reduce -1.8%
HPE Hewlett Packard Enterprise 1.54% 104,990 $2.2M Add +0.4%
MTB M & T Bank Corp. filed as M & T BK CORP 1.51% 11,661 $2.2M Add +0.3%
FNDA Schwab Fndmntl US SM Co. ETF 1.47% 71,830 $2.1M Reduce -1.1%
FANG Diamondback Energy Inc. 1.28% 11,340 $1.9M Add +0.5%
KMX Carmax Inc. 1.22% 21,742 $1.8M Add +0.6%
DKS Dick's Sporting Goods Inc. 1.21% 7,662 $1.8M Add +0.1%
RF Regions Financial Corp. 1.17% 72,442 $1.7M Add +0.2%
EPD Enterprise Products Partners 1.08% 50,182 $1.6M Add +0.0%
CARR Carrier Global Corp. 1.08% 22,878 $1.6M Reduce -5.5%
FNDF Schwab Fndmn Intl LRG Co. ETF 1.07% 46,588 $1.5M Add +5.3%
VTIP Vanguard Short-Term Tips 1.06% 31,805 $1.5M Add +9.7%
BMY Bristol-Myers Squibb Co. 1.05% 26,867 $1.5M Add +0.7%
IVV iShares Core S&P 500 ETF 1.04% 2,577 $1.5M Add +0.2%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 1.04% 39,235 $1.5M Add +1.1%
MHK Mohawk Industries Inc. 0.93% 11,329 $1.3M Add +0.2%
ULTA Ulta Beauty Inc. 0.88% 2,932 $1.3M Add +0.5%
CLMB Climb Global Solutions Inc. 0.87% 9,938 $1.3M Add +0.8%
LEN Lennar Corp. Class A 0.83% 8,817 $1.2M Add +0.6%
CAT Caterpillar Inc. 0.83% 3,304 $1.2M Reduce -0.9%
VTEB Vanguard Tax-Exempt Bond ETF 0.78% 22,683 $1.1M Add +6.2%
BN Brookfield Corp. 0.78% 19,683 $1.1M No change
AIG American International Group 0.70% 13,892 $1.0M Reduce -0.7%
PTLO Portillo's Inc. Class A 0.68% 104,638 $984K Add +2.2%
DBX Dropbox Inc. Class A 0.67% 32,387 $973K Add +0.3%
LEA Lear Corp. 0.65% 9,957 $943K Add +1.3%
ACN Accenture PLC Class A 0.62% 2,549 $897K Reduce -2.3%
IWD iShares Russell 1000 Value E 0.61% 4,779 $885K Add +3.3%
BIP Brookfield Infrastructure Pa 0.60% 27,589 $877K No change
CTVA Corteva Inc. 0.60% 15,353 $875K Add +0.1%
CMI Cummins Inc. 0.59% 2,438 $850K Reduce -0.5%
JNJ Johnson & Johnson 0.58% 5,853 $847K Add +0.1%
MKL Markel Group Inc. 0.58% 488 $842K Add +0.4%
VXUS Vanguard Total Intl Stock 0.57% 14,116 $832K Add +1.3%
AVGO Broadcom Inc. 0.57% 3,570 $828K Reduce -3.0%
VOO Vanguard S&P 500 ETF 0.56% 1,514 $816K No change
VPLS Vanguard Core-Plus Bond ETF 0.55% 10,573 $803K Add +28.4%
META Meta Platforms Inc. Class A 0.55% 1,356 $794K No change
WHR Whirlpool Corp. 0.55% 6,934 $794K Add +1.1%
XOM Exxon Mobil Corp. 0.54% 7,314 $787K Reduce -0.6%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.53% 9,042 $771K Add +0.4%
ATKR Atkore Inc. 0.52% 9,057 $756K Add +1.4%
UPS United Parcel Service Class B 0.52% 5,975 $753K Reduce -3.9%
JPM JPMorgan Chase & Co. 0.51% 3,118 $747K No change
ADI Analog Devices Inc. 0.49% 3,343 $710K Add +0.0%
VUSB Vanguard Ultra Short Bond Et 0.46% 13,382 $664K Add +2.6%
APA Apa Corp. 0.45% 28,255 $652K Add +0.5%
AMGN Amgen Inc. 0.44% 2,477 $646K Add +0.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.41% 1,016 $595K Reduce -2.5%
FITB Fifth Third Bancorp 0.39% 13,499 $571K No change
LLY Eli Lilly & Co. 0.38% 720 $556K Reduce -1.4%
ECL Ecolab Inc. 0.34% 2,083 $488K No change
VTES Vanguard SH Term Tax-Ex Bond 0.32% 4,678 $469K Reduce -3.5%
BBSI Barrett Business SVCS Inc. 0.32% 10,790 $469K Add +2.2%
VEU Vanguard Ftse All-World Ex-U 0.32% 8,137 $467K Add +0.5%
GRBK Green Brick Partners Inc. 0.32% 8,262 $467K Add +2.4%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.31% 2,279 $452K Add +0.6%
SDY SS SPDR S&P Dividend ETF 0.29% 3,156 $417K No change
PRDO Perdoceo Education Corp. 0.28% 15,619 $413K Add +2.1%
GD General Dynamics Corp. 0.28% 1,557 $410K Add +0.1%
CVCO Cavco Industries Inc. 0.28% 919 $410K Add +1.9%
CVX Chevron Corp. 0.28% 2,828 $410K Add +0.2%
ORCL Oracle Corp. 0.28% 2,406 $401K Add +0.0%
PM Philip Morris International 0.27% 3,276 $394K Add +0.4%
HCC Warrior Met Coal Inc. 0.25% 6,794 $368K Add +1.3%
OSBC Old Second Bancorp Inc. 0.25% 20,317 $361K Add +1.8%
QQQ Invesco QQQ Trust Series 1 0.25% 700 $358K Reduce -1.4%
KMI Kinder Morgan Inc. 0.24% 12,750 $349K Add +0.0%
ACIW Aci Worldwide Inc. 0.23% 6,569 $341K No change
ZBH Zimmer Biomet Holdings Inc. 0.23% 3,217 $340K No change
AMZN Amazon.com Inc. 0.23% 1,500 $329K Reduce -3.2%
IT Gartner Inc. 0.22% 651 $315K No change
BSV Vanguard Short-Term Bond ETF 0.21% 3,918 $303K Add +1.2%
VVX V2X Inc. 0.21% 6,320 $302K Add +2.2%
NVDA Nvidia Corp. 0.20% 2,212 $297K Reduce -5.1%
GOOG Alphabet Inc. Class C 0.20% 1,503 $286K Add +0.1%
UNH Unitedhealth Group Inc. 0.20% 565 $286K Add +0.4%
ABBV Abbvie Inc. 0.19% 1,584 $281K Add +0.6%
PKBK Parke Bancorp Inc. 0.19% 13,489 $277K Add +2.7%
MLR Miller Industries Inc. 0.19% 4,195 $274K Add +2.2%
KRMD Koru Medical Systems Inc. 0.18% 68,225 $263K No change
WGO Winnebago Industries 0.18% 5,472 $261K Add +1.8%
FNDC Schwab Fndmnt Intl SM Eq ETF 0.18% 7,535 $257K Reduce -8.7%
ABT Abbott Laboratories 0.17% 2,227 $252K Add +0.0%
VTEI Vanguard Int Tax-Exempt Bond 0.17% 2,508 $249K Add +0.9%
CMA Comerica Inc. 0.17% 4,000 $247K No change
PEP Pepsico Inc. 0.16% 1,567 $238K Reduce -1.9%
LIN Linde PLC 0.16% 562 $235K No change
WLFC Willis Lease Finance Corp. 0.16% 1,093 $227K New
V Visa Inc. Class A 0.16% 712 $225K New
UHAL U-Haul Holding Co. 0.15% 3,239 $224K Reduce -3.9%
FCX Freeport-McMoran Inc. 0.15% 5,612 $214K Reduce -6.5%
EGY Vaalco Energy Inc. 0.15% 48,546 $212K Add +2.4%
PG The Procter & Gamble Co. 0.15% 1,258 $211K Add +0.2%
EBF Ennis Inc. 0.14% 9,658 $204K Add +2.3%
PANL Pangaea Logistics Solutions 0.14% 37,237 $200K Add +2.5%
SD Sandridge Energy Inc. 0.13% 15,555 $182K Add +1.9%
HGTY Hagerty Inc. Class A 0.12% 18,640 $180K Add +2.2%
AOUT American Outdoor Brands Inc. 0.12% 11,693 $178K Add +2.2%
FONR Fonar Corp. 0.12% 11,072 $168K Add +3.6%
BOOM DMC Global Inc. 0.11% 22,257 $164K Add +40.8%
BTE Baytex Energy Corp. 0.11% 60,350 $156K Add +2.0%
CRWS Crown Crafts Inc. 0.09% 27,979 $126K Add +2.2%
SOLO BRANDS INC 0.07% 83,223 $95K Add +2.1%
PNSTQ Pinstripes Holdings Inc. 0.01% 30,210 $12K Reduce -53.8%

Portfolio Sells Q3 2024 → Q4 2024
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -8.9% 6.50% −0.61
CARR Carrier Global Corp. Reduce -5.5% 1.08% −0.26
XYL Xylem Inc. Sold out 0.00% −0.16
EBAY eBay Inc. Reduce -0.9% 1.98% −0.10
CAT Caterpillar Inc. Reduce -0.9% 0.83% −0.07
UPS United Parcel Service Class B Reduce -3.9% 0.52% −0.06
LLY Eli Lilly & Co. Reduce -1.4% 0.38% −0.06
FCX Freeport-McMoran Inc. Reduce -6.5% 0.15% −0.06
FNDX Schwab Fndmntl US LRG Co. ETF Reduce -0.7% 5.98% −0.05
XOM Exxon Mobil Corp. Reduce -0.6% 0.54% −0.05
FNDC Schwab Fndmnt Intl SM Eq ETF Reduce -8.7% 0.18% −0.04
PNSTQ Pinstripes Holdings Inc. Reduce -53.8% 0.01% −0.03
UHAL U-Haul Holding Co. Reduce -3.9% 0.15% −0.02
PEP Pepsico Inc. Reduce -1.9% 0.16% −0.02
VTES Vanguard SH Term Tax-Ex Bond Reduce -3.5% 0.32% −0.01
ACN Accenture PLC Class A Reduce -2.3% 0.62% −0.01
FNDA Schwab Fndmntl US SM Co. ETF Reduce -1.1% 1.47% −0.01
AIG American International Group Reduce -0.7% 0.70% −0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -2.5% 0.41% +0.00
QQQ Invesco QQQ Trust Series 1 Reduce -1.4% 0.25% +0.01
NVDA Nvidia Corp. Reduce -5.1% 0.20% +0.01
AMZN Amazon.com Inc. Reduce -3.2% 0.23% +0.03
CMI Cummins Inc. Reduce -0.5% 0.59% +0.04
VTI VG Morningstar TS MKT ETF-US Reduce -1.3% 2.53% +0.05
AVGO Broadcom Inc. Reduce -3.0% 0.57% +0.14
AAPL Apple Inc. Reduce -1.1% 3.24% +0.22
BKNG Booking Holdings Inc. Reduce -1.8% 1.68% +0.24
WSM Williams-Sonoma Inc. Reduce -0.6% 2.98% +0.49

Portfolio Buys Q3 2024 → Q4 2024
MCK McKesson Corp. Add +0.5% 2.89% +0.42
BAC Bank of America Corp. Add +0.4% 2.31% +0.25
CLMB Climb Global Solutions Inc. Add +0.8% 0.87% +0.20
WLFC Willis Lease Finance Corp. New 0.16% +0.16
V Visa Inc. Class A New 0.16% +0.16
DKS Dick's Sporting Goods Inc. Add +0.1% 1.21% +0.12
VT Vanguard Tot World STK ETF Add +4.5% 3.40% +0.11
DBX Dropbox Inc. Class A Add +0.3% 0.67% +0.11
VPLS Vanguard Core-Plus Bond ETF Add +28.4% 0.55% +0.11
BMY Bristol-Myers Squibb Co. Add +0.7% 1.05% +0.10
ULTA Ulta Beauty Inc. Add +0.5% 0.88% +0.10
MTB M & T Bank Corp. Add +0.3% 1.51% +0.10
EPD Enterprise Products Partners Add +0.0% 1.08% +0.09
VTIP Vanguard Short-Term Tips Add +9.7% 1.06% +0.08
HPE Hewlett Packard Enterprise Add +0.4% 1.54% +0.08
KMX Carmax Inc. Add +0.6% 1.22% +0.08
AZO AutoZone Inc. Add +0.5% 2.29% +0.07
MKL Markel Group Inc. Add +0.4% 0.58% +0.06
PRDO Perdoceo Education Corp. Add +2.1% 0.28% +0.05
BBSI Barrett Business SVCS Inc. Add +2.2% 0.32% +0.05
AOUT American Outdoor Brands Inc. Add +2.2% 0.12% +0.05
KMI Kinder Morgan Inc. Add +0.0% 0.24% +0.05
WHR Whirlpool Corp. Add +1.1% 0.55% +0.05
VTEB Vanguard Tax-Exempt Bond ETF Add +6.2% 0.78% +0.04
OSBC Old Second Bancorp Inc. Add +1.8% 0.25% +0.04
IVV iShares Core S&P 500 ETF Add +0.2% 1.04% +0.03
GOOG Alphabet Inc. Class C Add +0.1% 0.20% +0.03
RF Regions Financial Corp. Add +0.2% 1.17% +0.02
CVCO Cavco Industries Inc. Add +1.9% 0.28% +0.02
MLR Miller Industries Inc. Add +2.2% 0.19% +0.02
VUSB Vanguard Ultra Short Bond Et Add +2.6% 0.46% +0.01
IWD iShares Russell 1000 Value E Add +3.3% 0.61% +0.01
ATKR Atkore Inc. Add +1.4% 0.52% +0.00
CF CF Industries Holdings Inc. Add +0.4% 0.53% +0.00
PKBK Parke Bancorp Inc. Add +2.7% 0.19% +0.00
PM Philip Morris International Add +0.4% 0.27% +0.00
BSV Vanguard Short-Term Bond ETF Add +1.2% 0.21% +0.00
ABT Abbott Laboratories Add +0.0% 0.17% +0.00
VBR Vngrd Mrngst SL-CP Val ETF-U Add +0.6% 0.31% +0.00
VTEI Vanguard Int Tax-Exempt Bond Add +0.9% 0.17% −0.00
CVX Chevron Corp. Add +0.2% 0.28% −0.00
SD Sandridge Energy Inc. Add +1.9% 0.13% −0.00
FONR Fonar Corp. Add +3.6% 0.12% −0.00
HGTY Hagerty Inc. Class A Add +2.2% 0.12% −0.00
CRWS Crown Crafts Inc. Add +2.2% 0.09% −0.00
PG The Procter & Gamble Co. Add +0.2% 0.15% −0.00
ORCL Oracle Corp. Add +0.0% 0.28% −0.00
BTE Baytex Energy Corp. Add +2.0% 0.11% −0.01
SOLO BRANDS INC Add +2.1% 0.07% −0.01
CTVA Corteva Inc. Add +0.1% 0.60% −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