Lakewood Capital Management, LP
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Lakewood Capital Management, LP reported 42 stock positions worth $1.2 billion. Its top holding was Cigna (CI) at 8.7% of the portfolio, followed by Group 1 Automotive (GPI, 7.1%) and Citigroup (C, 6.6%). Compared with Q1 2024, it opened 8 new positions, sold out of 4, added to 12 and reduced 4. The biggest buy was a new position in Ss&c Technologies (SSNC) and the biggest sale an exit from CNH Industrial (CNH).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001424381
- Portfolio Value
- $1.2B (Q2 2024)
- SEC Filing
- 0001172661-24-003389 ↗ filed Aug 14, 2024
Holdings Value
Holdings 42 stocks · $1.2B
| CI The Cigna Group | 8.71% | 305,857 | $101.1M | Add +2.7% |
| GPI Group 1 Automotive Inc. | 7.11% | 277,726 | $82.6M | Reduce -10.0% |
| C Citigroup Inc. | 6.62% | 1,211,800 | $76.9M | No change |
| KMPR Kemper Corp. | 5.11% | 998,998 | $59.3M | Add +3.6% |
| FAF First American Financial | 5.05% | 1,086,604 | $58.6M | Add +21.1% |
| BC Brunswick Corp. | 4.60% | 733,467 | $53.4M | Add +44.0% |
| CMCSA Comcast Corp. Class A | 4.41% | 1,308,748 | $51.3M | No change |
| GOOGL Alphabet Inc. Class A | 4.28% | 272,680 | $49.7M | Reduce -33.3% |
| FDX FedEx Corp. | 4.27% | 165,290 | $49.6M | No change |
| WRK Westrock Co. | 4.10% | 947,512 | $47.6M | No change |
| ELV Elevance Health Inc. | 3.87% | 83,000 | $45.0M | Add +6.4% |
| APO Apollo Global Management Inc. | 3.84% | 377,197 | $44.5M | No change |
| AXTA Axalta Coating Systems Ltd. | 3.09% | 1,051,397 | $35.9M | No change |
| ABG Asbury Automotive Group | 3.04% | 154,929 | $35.3M | No change |
| GDRX Goodrx Holdings Inc. Class A | 2.42% | 3,595,085 | $28.0M | Add +8.8% |
| SHC Sotera Health Co. | 2.36% | 2,307,739 | $27.4M | No change |
| FCNCA First Citizens Bcshs Class A | 2.08% | 14,336 | $24.1M | No change |
| CRL Charles River Laboratories | 1.99% | 111,740 | $23.1M | Reduce -0.9% |
| SSNC Ss&c Technologies Holdings | 1.92% | 354,954 | $22.2M | New |
| GIL Gildan Activewear Inc. | 1.89% | 577,352 | $21.9M | No change |
| GPN Global Payments Inc. | 1.74% | 209,300 | $20.2M | Add +27.2% |
| ROIV Roivant Sciences Ltd. | 1.59% | 1,744,800 | $18.4M | No change |
| BABA Alibaba Group Holding-SP ADR | 1.46% | 235,338 | $16.9M | No change |
| ALLY Ally Financial Inc. | 1.29% | 376,609 | $14.9M | No change |
| SDRL Seadrill Limited | 1.26% | 283,000 | $14.6M | New |
| COF Capital One Financial Corp. | 1.20% | 101,000 | $14.0M | No change |
| KKR KKR & Co. Inc. | 1.16% | 127,700 | $13.4M | Reduce -27.5% |
| WH Wyndham Hotels & Resorts Inc. | 1.08% | 169,236 | $12.5M | No change |
| IBIT iShares Bitcoin Trust ETF | 0.92% | 311,310 | $10.6M | Add +26.8% |
| NICE Nice Ltd. - Spon ADR | 0.89% | 60,000 | $10.3M | New |
| LSPD Lightspeed Commerce Inc. | 0.83% | 700,000 | $9.6M | New |
| MCY Mercury General Corp. | 0.81% | 176,700 | $9.4M | New |
| SIG Signet Jewelers Ltd. | 0.69% | 90,000 | $8.1M | New |
| GBTC Grayscale Bitcoin Trust ETF | 0.57% | 123,500 | $6.6M | No change |
| EYE National Vision Holdings Inc. | 0.56% | 500,000 | $6.5M | Add +37.0% |
| META Meta Platforms Inc. Class A | 0.56% | 12,970 | $6.5M | No change |
| SNBRQ Sleep Number Corp. | 0.54% | 655,000 | $6.3M | Add +1.6% |
| BAND Bandwidth Inc. Class A | 0.52% | 355,721 | $6.0M | No change |
| LAW CS Disco Inc. | 0.50% | 966,531 | $5.8M | Add +18.8% |
| TBLA Taboola.com Ltd. | 0.43% | 1,446,541 | $5.0M | Add +16.7% |
| ROOT Root Inc./Oh Class A | 0.42% | 94,200 | $4.9M | New |
| LBTYA Liberty Global Ltd. Class A | 0.26% | 170,000 | $3.0M | New |
Options reported separately and not counted above: C calls ($58.8M), BCS calls ($4.3M).
Portfolio Sells Q1 2024 → Q2 2024
| CNH CNH Industrial NV | Sold out | 0.00% | −1.73 |
| GOOGL Alphabet Inc. Class A | Reduce -33.3% | 4.28% | −1.13 |
| GPI Group 1 Automotive Inc. | Reduce -10.0% | 7.11% | −0.79 |
| CRL Charles River Laboratories | Reduce -0.9% | 1.99% | −0.69 |
| KKR KKR & Co. Inc. | Reduce -27.5% | 1.16% | −0.39 |
| NSP Insperity Inc. | Sold out | 0.00% | −0.32 |
| DELL Dell Technologies -C | Sold out | 0.00% | −0.22 |
| CLFD Clearfield Inc. | Sold out | 0.00% | −0.19 |
Portfolio Buys Q1 2024 → Q2 2024
| SSNC Ss&c Technologies Holdings | New | 1.92% | +1.92 |
| SDRL Seadrill Limited | New | 1.26% | +1.26 |
| NICE Nice Ltd. - Spon ADR | New | 0.89% | +0.89 |
| LSPD Lightspeed Commerce Inc. | New | 0.83% | +0.83 |
| MCY Mercury General Corp. | New | 0.81% | +0.81 |
| SIG Signet Jewelers Ltd. | New | 0.69% | +0.69 |
| ROOT Root Inc./Oh Class A | New | 0.42% | +0.42 |
| GDRX Goodrx Holdings Inc. Class A | Add +8.8% | 2.42% | +0.36 |
| ELV Elevance Health Inc. | Add +6.4% | 3.87% | +0.33 |
| BC Brunswick Corp. | Add +44.0% | 4.60% | +0.29 |
| LBTYA Liberty Global Ltd. Class A | New | 0.26% | +0.26 |
| FAF First American Financial | Add +21.1% | 5.05% | +0.25 |
| IBIT iShares Bitcoin Trust ETF | Add +26.8% | 0.92% | +0.04 |
| TBLA Taboola.com Ltd. | Add +16.7% | 0.43% | −0.05 |
| LAW CS Disco Inc. | Add +18.8% | 0.50% | −0.08 |
| KMPR Kemper Corp. | Add +3.6% | 5.11% | −0.12 |
| EYE National Vision Holdings Inc. | Add +37.0% | 0.56% | −0.14 |
| GPN Global Payments Inc. | Add +27.2% | 1.74% | −0.18 |
| SNBRQ Sleep Number Corp. | Add +1.6% | 0.54% | −0.37 |
| CI The Cigna Group | Add +2.7% | 8.71% | −0.77 |
Options Activity Q1 2024 → Q2 2024
| C Citigroup Inc. | call | Reduce -2.0% | 926,500 | $58.8M |
| MSFT Microsoft Corp. | put | Sold out | 40,000 | $16.8Mbefore exit |
| MSTR Strategy Inc. | put | Sold out | 2,200 | $3.8Mbefore exit |
| BAND Bandwidth Inc. Class A | call | Sold out | 40,000 | $730Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 62 | $1.9B | CI, AXTA, ICLR, ALLY, CPA |
| Q1 2026 | 62 | $1.6B | CI, ICLR, AXTA, GPI, ALLY |
| Q4 2025 | 53 | $1.4B | CI, SSNC, AXTA, ICLR, SHC |
| Q3 2025 | 50 | $1.3B | ELV, CI, ARW, SSNC, KMPR |
| Q2 2025 | 47 | $1.3B | CI, C, ARW, ELV, KMPR |
| Q1 2025 | 44 | $1.1B | CI, ELV, C, KMPR, ARW |
| Q4 2024 | 41 | $1.1B | CI, ELV, SW, KMPR, GPI |
| Q3 2024 | 44 | $1.2B | CI, GPI, C, KMPR, BC |
| Q2 2024 | 42 | $1.2B | CI, GPI, C, KMPR, FAF |
| Q1 2024 | 38 | $1.1B | CI, GPI, C, GOOGL, KMPR |