Lakewood Capital Management, LP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Lakewood Capital Management, LP reported 44 stock positions worth $1.2 billion. Its top holding was Cigna (CI) at 8.5% of the portfolio, followed by Group 1 Automotive (GPI, 7.9%) and Citigroup (C, 6.5%). Compared with Q2 2024, it opened 4 new positions, sold out of 3, added to 14 and reduced 17. The biggest buy was a new position in Smurfit Westrock (SW) and the biggest sale an exit from Westrock (WRK).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001424381
- Portfolio Value
- $1.2B (Q3 2024)
- SEC Filing
- 0001172661-24-004765 ↗ filed Nov 14, 2024
Holdings Value
Holdings 44 stocks · $1.2B
| CI The Cigna Group | 8.52% | 302,357 | $104.7M | Reduce -1.1% |
| GPI Group 1 Automotive Inc. | 7.91% | 253,726 | $97.2M | Reduce -8.6% |
| C Citigroup Inc. | 6.45% | 1,266,800 | $79.3M | Add +4.5% |
| KMPR Kemper Corp. | 5.12% | 1,026,998 | $62.9M | Add +2.8% |
| BC Brunswick Corp. | 5.02% | 736,467 | $61.7M | Add +0.4% |
| SIG Signet Jewelers Ltd. | 4.46% | 532,000 | $54.9M | Add +491.1% |
| SW Smurfit Westrock PLC | 4.41% | 1,095,797 | $54.2M | New |
| CMCSA Comcast Corp. Class A | 4.38% | 1,288,748 | $53.8M | Reduce -1.5% |
| ELV Elevance Health Inc. | 4.21% | 99,500 | $51.7M | Add +19.9% |
| APO Apollo Global Management Inc. | 4.14% | 407,197 | $50.9M | Add +8.0% |
| FDX FedEx Corp. | 3.91% | 175,690 | $48.1M | Add +6.3% |
| FAF First American Financial | 3.75% | 697,604 | $46.0M | Reduce -35.8% |
| GOOGL Alphabet Inc. Class A | 3.33% | 246,680 | $40.9M | Reduce -9.5% |
| SSNC Ss&c Technologies Holdings | 3.15% | 520,954 | $38.7M | Add +46.8% |
| SHC Sotera Health Co. | 3.07% | 2,257,739 | $37.7M | Reduce -2.2% |
| ABG Asbury Automotive Group | 2.70% | 138,929 | $33.1M | Reduce -10.3% |
| AXTA Axalta Coating Systems Ltd. | 2.64% | 897,897 | $32.5M | Reduce -14.6% |
| GDRX Goodrx Holdings Inc. Class A | 2.10% | 3,720,185 | $25.8M | Add +3.5% |
| GPN Global Payments Inc. | 1.93% | 231,300 | $23.7M | Add +10.5% |
| LBTYA Liberty Global Ltd. Class A | 1.89% | 1,099,178 | $23.2M | Add +546.6% |
| CRL Charles River Laboratories | 1.79% | 111,740 | $22.0M | No change |
| FCNCA First Citizens Bcshs Class A | 1.49% | 9,936 | $18.3M | Reduce -30.7% |
| SDRL Seadrill Limited | 1.35% | 419,000 | $16.7M | Add +48.1% |
| COF Capital One Financial Corp. | 1.23% | 101,000 | $15.1M | No change |
| SNBRQ Sleep Number Corp. | 1.03% | 690,000 | $12.6M | Add +5.3% |
| IBIT iShares Bitcoin Trust ETF | 0.93% | 315,310 | $11.4M | Add +1.3% |
| ALLY Ally Financial Inc. | 0.92% | 316,809 | $11.3M | Reduce -15.9% |
| MCY Mercury General Corp. | 0.91% | 176,700 | $11.1M | No change |
| GIL Gildan Activewear Inc. | 0.89% | 231,041 | $10.9M | Reduce -60.0% |
| NICE Nice Ltd. - Spon ADR | 0.85% | 60,000 | $10.4M | No change |
| ROIV Roivant Sciences Ltd. | 0.82% | 872,600 | $10.1M | Reduce -50.0% |
| LSPD Lightspeed Commerce Inc. | 0.72% | 535,000 | $8.8M | Reduce -23.6% |
| META Meta Platforms Inc. Class A | 0.53% | 11,470 | $6.6M | Reduce -11.6% |
| GBTC Grayscale Bitcoin Trust ETF | 0.51% | 123,500 | $6.2M | No change |
| LAW CS Disco Inc. | 0.46% | 966,531 | $5.7M | No change |
| TDOC Teladoc Health Inc. | 0.43% | 575,000 | $5.3M | New |
| EYE National Vision Holdings Inc. | 0.42% | 475,000 | $5.2M | Reduce -5.0% |
| TBLA Taboola.com Ltd. | 0.40% | 1,446,541 | $4.9M | No change |
| BABA Alibaba Group Holding-SP ADR | 0.30% | 34,838 | $3.7M | Reduce -85.2% |
| ROOT Root Inc./Oh Class A | 0.29% | 94,200 | $3.6M | No change |
| BAND Bandwidth Inc. Class A | 0.26% | 180,721 | $3.2M | Reduce -49.2% |
| JD Jd.com Inc.-ADR | 0.22% | 68,350 | $2.7M | New |
| TSEOQ Trinseo PLC | 0.12% | 281,279 | $1.4M | New |
| BTC Grayscale Bitcoin Mini Trust | 0.06% | 123,500 | $695K | No change |
Options reported separately and not counted above: C calls ($35.8M), BCS calls ($4.9M), GT calls ($2.7M).
Portfolio Sells Q2 2024 → Q3 2024
| WRK Westrock Co. | Sold out | 0.00% | −4.10 |
| FAF First American Financial | Reduce -35.8% | 3.75% | −1.30 |
| BABA Alibaba Group Holding-SP ADR | Reduce -85.2% | 0.30% | −1.16 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −1.16 |
| WH Wyndham Hotels & Resorts Inc. | Sold out | 0.00% | −1.08 |
| GIL Gildan Activewear Inc. | Reduce -60.0% | 0.89% | −1.00 |
| GOOGL Alphabet Inc. Class A | Reduce -9.5% | 3.33% | −0.95 |
| ROIV Roivant Sciences Ltd. | Reduce -50.0% | 0.82% | −0.77 |
| FCNCA First Citizens Bcshs Class A | Reduce -30.7% | 1.49% | −0.59 |
| AXTA Axalta Coating Systems Ltd. | Reduce -14.6% | 2.64% | −0.45 |
| ALLY Ally Financial Inc. | Reduce -15.9% | 0.92% | −0.37 |
| ABG Asbury Automotive Group | Reduce -10.3% | 2.70% | −0.34 |
| BAND Bandwidth Inc. Class A | Reduce -49.2% | 0.26% | −0.26 |
| CI The Cigna Group | Reduce -1.1% | 8.52% | −0.18 |
| EYE National Vision Holdings Inc. | Reduce -5.0% | 0.42% | −0.14 |
| LSPD Lightspeed Commerce Inc. | Reduce -23.6% | 0.72% | −0.11 |
| CMCSA Comcast Corp. Class A | Reduce -1.5% | 4.38% | −0.03 |
| META Meta Platforms Inc. Class A | Reduce -11.6% | 0.53% | −0.03 |
| SHC Sotera Health Co. | Reduce -2.2% | 3.07% | +0.71 |
| GPI Group 1 Automotive Inc. | Reduce -8.6% | 7.91% | +0.80 |
Portfolio Buys Q2 2024 → Q3 2024
| SW Smurfit Westrock PLC | New | 4.41% | +4.41 |
| SIG Signet Jewelers Ltd. | Add +491.1% | 4.46% | +3.77 |
| LBTYA Liberty Global Ltd. Class A | Add +546.6% | 1.89% | +1.63 |
| SSNC Ss&c Technologies Holdings | Add +46.8% | 3.15% | +1.23 |
| SNBRQ Sleep Number Corp. | Add +5.3% | 1.03% | +0.49 |
| TDOC Teladoc Health Inc. | New | 0.43% | +0.43 |
| BC Brunswick Corp. | Add +0.4% | 5.02% | +0.43 |
| ELV Elevance Health Inc. | Add +19.9% | 4.21% | +0.34 |
| APO Apollo Global Management Inc. | Add +8.0% | 4.14% | +0.30 |
| JD Jd.com Inc.-ADR | New | 0.22% | +0.22 |
| GPN Global Payments Inc. | Add +10.5% | 1.93% | +0.18 |
| TSEOQ Trinseo PLC | New | 0.12% | +0.12 |
| SDRL Seadrill Limited | Add +48.1% | 1.35% | +0.10 |
| KMPR Kemper Corp. | Add +2.8% | 5.12% | +0.01 |
| IBIT iShares Bitcoin Trust ETF | Add +1.3% | 0.93% | +0.01 |
| C Citigroup Inc. | Add +4.5% | 6.45% | −0.17 |
| GDRX Goodrx Holdings Inc. Class A | Add +3.5% | 2.10% | −0.31 |
| FDX FedEx Corp. | Add +6.3% | 3.91% | −0.36 |
Options Activity Q2 2024 → Q3 2024
| C Citigroup Inc. | call | Reduce -38.3% | 572,000 | $35.8M |
| GT Goodyear Tire & Rubber Co. | call | New | 300,000 | $2.7M |
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 |