Lakewood Asset Management LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 23, 2026), Lakewood Asset Management LLC reported 107 stock positions worth $156.4 million. Its top holding was Schwab Fndmntl US LRG Co. ETF (FNDX) at 6.6% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 6.1%) and Vanguard 0-3M T-Bill ETF (VBIL, 5.6%). Compared with Q4 2025, it opened 7 new positions, sold out of 5, added to 46 and reduced 45. The biggest buy was Vanguard Core-Plus Bond ETF (VPLS, shares +25%) and the biggest sale McKesson (MCK, shares −39%).
- Most Recent 13F
- Q2 2026
- Location
- NAPERVILLE, IL
- CIK
- 0001966581
- Portfolio Value
- $156.4M (Q1 2026)
- SEC Filing
- 0001754960-26-000307 ↗ filed Apr 23, 2026
Holdings Value
Holdings 107 stocks · $156.4M
| FNDX Schwab Fndmntl US LRG Co. ETF | 6.60% | 370,631 | $10.3M | Add +4.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 6.12% | 19,985 | $9.6M | Reduce -14.0% |
| VBIL Vanguard 0-3M T-Bill ETF | 5.63% | 116,503 | $8.8M | Add +5.8% |
| VT Vanguard Tot World STK ETF | 4.76% | 53,854 | $7.4M | Add +8.4% |
| VPLS Vanguard Core-Plus Bond ETF | 4.37% | 88,090 | $6.8M | Add +24.7% |
| COP Conocophillips | 3.09% | 36,561 | $4.8M | Reduce -20.3% |
| EBAY eBay Inc. | 2.81% | 48,332 | $4.4M | Reduce -22.9% |
| WSM Williams-Sonoma Inc. | 2.48% | 21,246 | $3.9M | Reduce -25.0% |
| AZO AutoZone Inc. | 2.26% | 1,047 | $3.5M | Reduce -26.6% |
| MCK McKesson Corp. | 2.25% | 4,064 | $3.5M | Reduce -38.7% |
| RTX RTX Corp. | 2.08% | 16,835 | $3.2M | Reduce -19.1% |
| VTI VG Morningstar TS MKT ETF-US | 2.07% | 10,095 | $3.2M | Add +0.2% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.96% | 33,374 | $3.1M | Reduce -9.4% |
| AAPL Apple Inc. | 1.86% | 11,476 | $2.9M | Reduce -22.0% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 1.85% | 59,134 | $2.9M | Add +10.4% |
| VTIP Vanguard Short-Term Tips | 1.84% | 57,639 | $2.9M | Add +8.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.83% | 58,850 | $2.9M | Reduce -31.1% |
| VUSB Vanguard Ultra Short Bond Et | 1.82% | 57,236 | $2.8M | Add +7.8% |
| NVR NVR Inc. | 1.80% | 428 | $2.8M | Reduce -22.7% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 1.63% | 12,334 | $2.5M | Reduce -23.6% |
| HPE Hewlett Packard Enterprise | 1.63% | 106,965 | $2.5M | Reduce -22.9% |
| FANG Diamondback Energy Inc. | 1.57% | 12,401 | $2.5M | Reduce -21.8% |
| SLB SLB Ltd. filed as SLB LIMITED | 1.50% | 45,747 | $2.4M | Reduce -23.4% |
| BKNG Booking Holdings Inc. | 1.31% | 486 | $2.0M | Reduce -25.8% |
| RF Regions Financial Corp. | 1.28% | 76,901 | $2.0M | Reduce -23.6% |
| BMY Bristol-Myers Squibb Co. | 1.16% | 29,851 | $1.8M | Reduce -23.8% |
| DKS Dick's Sporting Goods Inc. | 1.02% | 8,055 | $1.6M | Reduce -25.1% |
| UHAL.B U-Haul Holding Co.-Non Voting | 1.02% | 35,612 | $1.6M | Reduce -21.8% |
| MSFT Microsoft Corp. | 0.97% | 4,113 | $1.5M | Reduce -2.3% |
| IVV iShares Core S&P 500 ETF | 0.97% | 2,313 | $1.5M | Reduce -12.1% |
| FNDA Schwab Fndmntl US SM Co. ETF | 0.95% | 45,765 | $1.5M | Reduce -17.5% |
| NICE Nice Ltd. - Spon ADR | 0.86% | 12,181 | $1.3M | Reduce -1.2% |
| APA Apa Corp. | 0.80% | 29,635 | $1.3M | Reduce -23.1% |
| CF CF Industries Holdings Inc. | 0.79% | 9,484 | $1.2M | Reduce -23.3% |
| LEA Lear Corp. | 0.79% | 10,148 | $1.2M | Reduce -25.6% |
| DFAW Dimensional World Eqty ETF | 0.76% | 16,142 | $1.2M | New |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.75% | 23,644 | $1.2M | Reduce -6.6% |
| MHK Mohawk Industries Inc. | 0.69% | 11,011 | $1.1M | Reduce -24.9% |
| MKL Markel Group Inc. | 0.66% | 537 | $1.0M | Reduce -20.8% |
| EPD Enterprise Products Partners | 0.62% | 25,640 | $970K | No change |
| KMX Carmax Inc. | 0.60% | 22,549 | $938K | Reduce -25.3% |
| IWD iShares Russell 1000 Value E | 0.56% | 4,121 | $880K | Reduce -6.5% |
| VOO Vanguard S&P 500 ETF | 0.56% | 1,473 | $880K | Add +9.0% |
| JNJ Johnson & Johnson | 0.56% | 3,564 | $871K | Add +0.1% |
| CAT Caterpillar Inc. | 0.52% | 1,145 | $811K | Reduce -2.4% |
| CMI Cummins Inc. | 0.51% | 1,471 | $791K | Reduce -1.3% |
| DBX Dropbox Inc. Class A | 0.50% | 34,442 | $783K | Reduce -23.3% |
| LULU Lululemon Athletica Inc. | 0.50% | 5,107 | $782K | Add +1.6% |
| META Meta Platforms Inc. Class A | 0.50% | 1,356 | $776K | No change |
| LEN Lennar Corp. Class A | 0.49% | 8,894 | $772K | Reduce -22.1% |
| BN Brookfield Corp. | 0.47% | 18,349 | $743K | No change |
| CARR Carrier Global Corp. | 0.47% | 13,090 | $737K | Add +0.0% |
| ADI Analog Devices Inc. | 0.46% | 2,283 | $726K | No change |
| MOH Molina Healthcare Inc. | 0.46% | 5,449 | $726K | New |
| CTVA Corteva Inc. | 0.46% | 8,576 | $718K | Add +0.1% |
| AVGO Broadcom Inc. | 0.46% | 2,313 | $716K | Reduce -1.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.46% | 1,099 | $714K | Add +7.3% |
| AIG American International Group | 0.44% | 9,204 | $693K | Reduce -1.0% |
| HCC Warrior Met Coal Inc. | 0.43% | 7,255 | $676K | Add +2.1% |
| VEU Vanguard Ftse All-World Ex-U | 0.43% | 8,893 | $668K | Add +8.2% |
| PRDO Perdoceo Education Corp. | 0.41% | 17,274 | $643K | Add +5.0% |
| SLV iShares Silver Trust | 0.40% | 9,280 | $632K | Reduce -0.4% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.39% | 2,778 | $603K | Reduce -4.7% |
| GRBK Green Brick Partners Inc. | 0.38% | 9,328 | $601K | Add +5.4% |
| JPM JPMorgan Chase & Co. | 0.38% | 2,026 | $596K | Reduce -1.6% |
| ATKR Atkore Inc. | 0.36% | 9,690 | $571K | Reduce -8.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.36% | 969 | $559K | Add +38.4% |
| PTLO Portillo's Inc. Class A | 0.35% | 104,658 | $554K | Reduce -22.8% |
| BIP Brookfield Infrastructure Pa | 0.33% | 14,369 | $519K | No change |
| VXUS Vanguard Total Intl Stock | 0.32% | 6,546 | $505K | Reduce -0.9% |
| CVCO Cavco Industries Inc. | 0.31% | 1,016 | $492K | Add +5.9% |
| VVX V2X Inc. | 0.31% | 7,074 | $485K | Add +5.6% |
| DCOR Dimensional US Core Eq 1 ETF | 0.30% | 6,470 | $466K | New |
| SDY SS SPDR S&P Dividend ETF | 0.29% | 3,156 | $461K | No change |
| OSBC Old Second Bancorp Inc. | 0.29% | 22,651 | $457K | Add +6.0% |
| PKBK Parke Bancorp Inc. | 0.29% | 16,023 | $455K | Add +9.8% |
| SD Sandridge Energy Inc. | 0.27% | 25,492 | $416K | Add +3.1% |
| XOM Exxon Mobil Corp. | 0.26% | 2,366 | $401K | Add +0.1% |
| XPEL Xpel Inc. | 0.26% | 9,058 | $401K | Add +11.6% |
| BBSI Barrett Business SVCS Inc. | 0.25% | 13,278 | $387K | Add +12.8% |
| FNDC Schwab Fndmnt Intl SM Eq ETF | 0.23% | 7,832 | $363K | No change |
| CVX Chevron Corp. | 0.23% | 1,742 | $360K | Add +1.3% |
| FONR Fonar Corp. | 0.23% | 19,057 | $354K | No change |
| CLMB Climb Global Solutions Inc. | 0.22% | 17,543 | $348K | Add +5.0% |
| EGY Vaalco Energy Inc. | 0.22% | 54,305 | $344K | Add +6.1% |
| KRMD Koru Medical Systems Inc. | 0.20% | 73,945 | $319K | No change |
| BTE Baytex Energy Corp. | 0.20% | 71,326 | $319K | Add +5.6% |
| GD General Dynamics Corp. | 0.19% | 871 | $299K | Add +0.1% |
| PANL Pangaea Logistics Solutions | 0.19% | 41,689 | $295K | Add +5.4% |
| KMI Kinder Morgan Inc. | 0.18% | 8,626 | $289K | Add +14.3% |
| YELP Yelp Inc. | 0.18% | 11,466 | $284K | Add +72.7% |
| ORCL Oracle Corp. | 0.17% | 1,845 | $271K | Add +0.1% |
| ACIW Aci Worldwide Inc. | 0.17% | 6,569 | $269K | Reduce -49.2% |
| AMGN Amgen Inc. | 0.17% | 761 | $268K | Add +0.3% |
| VCRM Vanguard Core Tax-Ex Bond | 0.17% | 3,462 | $260K | Add +2.6% |
| VTEI Vanguard Int Tax-Exempt Bond | 0.15% | 2,370 | $237K | Add +1.5% |
| ABBV Abbvie Inc. | 0.15% | 1,086 | $236K | Add +0.3% |
| EBF Ennis Inc. | 0.15% | 10,974 | $235K | Add +6.3% |
| AMPY Amplify Energy Corp. | 0.15% | 36,774 | $229K | Add +6.1% |
| PLOW Douglas Dynamics Inc. | 0.14% | 5,311 | $224K | New |
| V Visa Inc. Class A | 0.14% | 717 | $217K | Add +0.1% |
| WLFC Willis Lease Finance Corp. | 0.14% | 1,268 | $216K | New |
| MLR Miller Industries Inc. | 0.13% | 4,518 | $206K | New |
| PAVE Global X US Infrastructure | 0.13% | 4,027 | $205K | New |
| BOOM DMC Global Inc. | 0.08% | 23,912 | $125K | Add +2.1% |
| FLL Full House Resorts Inc. filed as FULL HSE RESORTS INC | 0.05% | 34,601 | $78K | Add +4.0% |
| CRWS Crown Crafts Inc. | 0.05% | 28,587 | $74K | Add +2.1% |
Portfolio Sells Q4 2025 → Q1 2026
| MCK McKesson Corp. | Reduce -38.7% | 2.25% | −0.94 |
| BAC Bank of America Corp. | Reduce -31.1% | 1.83% | −0.93 |
| BKNG Booking Holdings Inc. | Reduce -25.8% | 1.31% | −0.75 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -14.0% | 6.12% | −0.74 |
| AZO AutoZone Inc. | Reduce -26.6% | 2.26% | −0.58 |
| NVR NVR Inc. | Reduce -22.7% | 1.80% | −0.57 |
| WSM Williams-Sonoma Inc. | Reduce -25.0% | 2.48% | −0.49 |
| AAPL Apple Inc. | Reduce -22.0% | 1.86% | −0.49 |
| EBAY eBay Inc. | Reduce -22.9% | 2.81% | −0.40 |
| HPE Hewlett Packard Enterprise | Reduce -22.9% | 1.63% | −0.33 |
| ULTA Ulta Beauty Inc. | Sold out | 0.00% | −0.33 |
| RF Regions Financial Corp. | Reduce -23.6% | 1.28% | −0.32 |
| MTB M & T Bank Corp. | Reduce -23.6% | 1.63% | −0.28 |
| MHK Mohawk Industries Inc. | Reduce -24.9% | 0.69% | −0.25 |
| UHAL.B U-Haul Holding Co.-Non Voting | Reduce -21.8% | 1.02% | −0.23 |
| DBX Dropbox Inc. Class A | Reduce -23.3% | 0.50% | −0.23 |
| DKS Dick's Sporting Goods Inc. | Reduce -25.1% | 1.02% | −0.23 |
| MSFT Microsoft Corp. | Reduce -2.3% | 0.97% | −0.22 |
| MKL Markel Group Inc. | Reduce -20.8% | 0.66% | −0.20 |
| LEN Lennar Corp. Class A | Reduce -22.1% | 0.49% | −0.20 |
| ACIW Aci Worldwide Inc. | Reduce -49.2% | 0.17% | −0.19 |
| RTX RTX Corp. | Reduce -19.1% | 2.08% | −0.16 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.14 |
| WGO Winnebago Industries | Sold out | 0.00% | −0.14 |
| LEA Lear Corp. | Reduce -25.6% | 0.79% | −0.13 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −0.13 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.12 |
| IVV iShares Core S&P 500 ETF | Reduce -12.1% | 0.97% | −0.09 |
| KMX Carmax Inc. | Reduce -25.3% | 0.60% | −0.09 |
| BMY Bristol-Myers Squibb Co. | Reduce -23.8% | 1.16% | −0.08 |
| FNDA Schwab Fndmntl US SM Co. ETF | Reduce -17.5% | 0.95% | −0.08 |
| ATKR Atkore Inc. | Reduce -8.5% | 0.36% | −0.03 |
| AIG American International Group | Reduce -1.0% | 0.44% | −0.02 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -9.4% | 1.96% | −0.02 |
| AVGO Broadcom Inc. | Reduce -1.6% | 0.46% | −0.02 |
| JPM JPMorgan Chase & Co. | Reduce -1.6% | 0.38% | −0.01 |
| PTLO Portillo's Inc. Class A | Reduce -22.8% | 0.35% | −0.01 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -6.6% | 0.75% | +0.01 |
| IWD iShares Russell 1000 Value E | Reduce -6.5% | 0.56% | +0.02 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -4.7% | 0.39% | +0.02 |
| VXUS Vanguard Total Intl Stock | Reduce -0.9% | 0.32% | +0.03 |
| NICE Nice Ltd. - Spon ADR | Reduce -1.2% | 0.86% | +0.04 |
| SLV iShares Silver Trust | Reduce -0.4% | 0.40% | +0.05 |
| CMI Cummins Inc. | Reduce -1.3% | 0.51% | +0.06 |
| CAT Caterpillar Inc. | Reduce -2.4% | 0.52% | +0.12 |
| SLB SLB Ltd. | Reduce -23.4% | 1.50% | +0.16 |
| FANG Diamondback Energy Inc. | Reduce -21.8% | 1.57% | +0.17 |
| CF CF Industries Holdings Inc. | Reduce -23.3% | 0.79% | +0.23 |
| APA Apa Corp. | Reduce -23.1% | 0.80% | +0.25 |
| COP Conocophillips | Reduce -20.3% | 3.09% | +0.56 |
Portfolio Buys Q4 2025 → Q1 2026
| VPLS Vanguard Core-Plus Bond ETF | Add +24.7% | 4.37% | +1.13 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +4.7% | 6.60% | +0.94 |
| DFAW Dimensional World Eqty ETF | New | 0.76% | +0.76 |
| VBIL Vanguard 0-3M T-Bill ETF | Add +5.8% | 5.63% | +0.75 |
| VT Vanguard Tot World STK ETF | Add +8.4% | 4.76% | +0.65 |
| MOH Molina Healthcare Inc. | New | 0.46% | +0.46 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +10.4% | 1.85% | +0.43 |
| DCOR Dimensional US Core Eq 1 ETF | New | 0.30% | +0.30 |
| VTIP Vanguard Short-Term Tips | Add +8.5% | 1.84% | +0.30 |
| VUSB Vanguard Ultra Short Bond Et | Add +7.8% | 1.82% | +0.27 |
| PLOW Douglas Dynamics Inc. | New | 0.14% | +0.14 |
| WLFC Willis Lease Finance Corp. | New | 0.14% | +0.14 |
| MLR Miller Industries Inc. | New | 0.13% | +0.13 |
| PAVE Global X US Infrastructure | New | 0.13% | +0.13 |
| PRDO Perdoceo Education Corp. | Add +5.0% | 0.41% | +0.13 |
| JNJ Johnson & Johnson | Add +0.1% | 0.56% | +0.12 |
| CTVA Corteva Inc. | Add +0.1% | 0.46% | +0.12 |
| EGY Vaalco Energy Inc. | Add +6.1% | 0.22% | +0.11 |
| QQQ Invesco QQQ Trust Series 1 | Add +38.4% | 0.36% | +0.10 |
| VVX V2X Inc. | Add +5.6% | 0.31% | +0.10 |
| XOM Exxon Mobil Corp. | Add +0.1% | 0.26% | +0.09 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.2% | 2.07% | +0.09 |
| CVX Chevron Corp. | Add +1.3% | 0.23% | +0.08 |
| PKBK Parke Bancorp Inc. | Add +9.8% | 0.29% | +0.08 |
| BTE Baytex Energy Corp. | Add +5.6% | 0.20% | +0.08 |
| VEU Vanguard Ftse All-World Ex-U | Add +8.2% | 0.43% | +0.07 |
| CARR Carrier Global Corp. | Add +0.0% | 0.47% | +0.07 |
| VOO Vanguard S&P 500 ETF | Add +9.0% | 0.56% | +0.06 |
| HCC Warrior Met Coal Inc. | Add +2.1% | 0.43% | +0.06 |
| KMI Kinder Morgan Inc. | Add +14.3% | 0.18% | +0.06 |
| YELP Yelp Inc. | Add +72.7% | 0.18% | +0.06 |
| GRBK Green Brick Partners Inc. | Add +5.4% | 0.38% | +0.06 |
| SD Sandridge Energy Inc. | Add +3.1% | 0.27% | +0.06 |
| AMPY Amplify Energy Corp. | Add +6.1% | 0.15% | +0.05 |
| OSBC Old Second Bancorp Inc. | Add +6.0% | 0.29% | +0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +7.3% | 0.46% | +0.05 |
| EBF Ennis Inc. | Add +6.3% | 0.15% | +0.04 |
| PANL Pangaea Logistics Solutions | Add +5.4% | 0.19% | +0.03 |
| AMGN Amgen Inc. | Add +0.3% | 0.17% | +0.03 |
| GD General Dynamics Corp. | Add +0.1% | 0.19% | +0.02 |
| XPEL Xpel Inc. | Add +11.6% | 0.26% | +0.02 |
| VCRM Vanguard Core Tax-Ex Bond | Add +2.6% | 0.17% | +0.02 |
| VTEI Vanguard Int Tax-Exempt Bond | Add +1.5% | 0.15% | +0.01 |
| ABBV Abbvie Inc. | Add +0.3% | 0.15% | +0.01 |
| CRWS Crown Crafts Inc. | Add +2.1% | 0.05% | +0.00 |
| FLL Full House Resorts Inc. | Add +4.0% | 0.05% | −0.00 |
| BBSI Barrett Business SVCS Inc. | Add +12.8% | 0.25% | −0.00 |
| V Visa Inc. Class A | Add +0.1% | 0.14% | −0.01 |
| BOOM DMC Global Inc. | Add +2.1% | 0.08% | −0.01 |
| CVCO Cavco Industries Inc. | Add +5.9% | 0.31% | −0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 107 | $182.3M | FNDX, VPLS, VT, BRK.B, VBIL |
| Q1 2026 | 107 | $156.4M | FNDX, BRK.B, VBIL, VT, VPLS |
| Q4 2025 | 105 | $170.2M | BRK.B, FNDX, VBIL, VT, VPLS |
| Q3 2025 | 104 | $165.4M | BRK.B, FNDX, BIL, VT, AZO |
| Q2 2025 | 101 | $149.7M | BRK.B, FNDX, BIL, VT, AZO |
| Q1 2025 | 101 | $148.2M | BRK.B, BIL, FNDX, MCK, AZO |
| Q4 2024 | 120 | $145.2M | BRK.B, BIL, FNDX, VT, AAPL |
| Q3 2024 | 119 | $146.4M | BIL, BRK.B, FNDX, VT, AAPL |
| Q2 2024 | 116 | $143.4M | BIL, BRK.B, FNDX, MCK, AAPL |
| Q1 2024 | 115 | $147.1M | BIL, BRK.B, FNDX, WSM, MCK |