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LCM
Lakewood Capital Management Portfolio holdings
AUM
$1.58B
1-Year Est. Return
0.92%
This Fund
S&P 500
This Quarter
Est. Return
+8.97%
1 Year Est. Return
+0.92%
3 Year Est. Return
+40.97%
5 Year Est. Return
+44.24%
10 Year Est. Return
+253.14%
AUM
$1.23B
AUM Growth
-$235M
(-16%)
Cap. Flow
-$338M
Cap. Flow
% of AUM
-27.48%
Top 10 Holdings %
Top 10 Hldgs %
52.74%
Holding
62
New
7
Increased
7
Reduced
24
Closed
15
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
News Corp Class A
NWSA
|
+$32.5M |
| 2 |
CDW
CDW
|
+$32.3M |
| 3 |
MDR
McDermott International
MDR
|
+$21.6M |
| 4 |
DOOR
MASONITE INTERNATIONAL CORP
DOOR
|
+$19.9M |
| 5 |
Magnachip Semiconductor
MX
|
+$17.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$62.4M |
| 2 |
IM
Ingram Micro
IM
|
+$39.3M |
| 3 |
SIR
SELECT INCOME REIT
SIR
|
+$35.5M |
| 4 |
AET
Aetna Inc
AET
|
+$35.2M |
| 5 |
Capital One
COF
|
+$26.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.68% |
| 2 | Industrials | 21.77% |
| 3 | Financials | 17.31% |
| 4 | Consumer Discretionary | 6.19% |
| 5 | Communication Services | 5.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SRC
26
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $18.4M | 1.5% |
448,103
-578,309
| -56% | -$23.8M |
|
|
VAR
27
DELISTED
Varian Medical Systems, Inc.
VAR
| $14.2M | 1.15% |
216,683
| – | – |
|
28
Nasdaq
NDAQ
$53.4B
| $13.5M | 1.1% |
1,263,288
-915,000
| -42% | -$9.78M |
|
29
Sonic Automotive
SAH
$2.53B
| $13M | 1.06% |
+546,098
| New | +$12.6M |
|
30
Invesco CurrencyShares Euro Currency Trust
FXE
$341M
| $12.1M | 0.98% |
90,383
| – | – |
|
|
LORL
31
DELISTED
Loral Space and Communications, Inc.
LORL
| $11.9M | 0.97% |
176,245
-1,142
| -0.6% | -$74K |
|
|
RKT
32
DELISTED
ROCK-TENN COMPANY CL-A
RKT
| $11.3M | 0.92% |
223,058
-104,206
| -32% | -$5.82M |
|
33
Humana
HUM
$46.3B
| $10.8M | 0.88% |
116,158
-80,000
| -41% | -$7.34M |
|
34
Walmart Inc
WMT
$897B
| $10.6M | 0.86% |
429,000
-75,000
| -15% | -$1.89M |
|
35
H&R Block
HRB
$5.82B
| $10.5M | 0.86% |
+395,200
| New | +$11.5M |
|
|
TWTC
36
DELISTED
TW TELECOM INC CL A COM
TWTC
| $10.2M | 0.82% |
340,000
| – | – |
|
37
CF Industries
CF
$18.4B
| $9.37M | 0.76% |
222,140
-141,440
| -39% | -$5.42M |
|
38
Apple
AAPL
$4.5T
| $7.37M | 0.6% |
432,600
| – | – |
|
|
LCC
39
CALL
DELISTED
US AIRWAYS GROUP INC.
LCC
| $7.36M | 0.6% |
388,300
-2,119,900
| -85% | -$37.5M |
|
40
Nabors Industries
NBR
$1.33B
| $6.31M | 0.51% |
7,860
-20,800
| -73% | -$16.3M |
|
|
LIFE
41
DELISTED
LIFE TECHNOLOGIES CORP COM STK (DE)
LIFE
| $6M | 0.49% |
80,134
| – | – |
|
|
SIR
42
DELISTED
SELECT INCOME REIT
SIR
| $4.6M | 0.37% |
405,516
-3,119,606
| -88% | -$35.5M |
|
|
CSGS
43
DELISTED
CSG Systems International
CSGS
| $3.85M | 0.31% |
153,651
-337,397
| -69% | -$8.13M |
|
44
Dana Inc
DAN
$3.21B
| $3.15M | 0.26% |
137,830
-556,422
| -80% | -$12.1M |
|
45
Opko Health
OPK
$1.04B
| $2.66M | 0.22% |
+302,065
| New | +$2.42M |
|
|
GCVRZ
46
DELISTED
Sanofi Contingent Value Rights
GCVRZ
| $1.25M | 0.1% |
618,500
| – | – |
|
|
AHT.PRE
47
DELISTED
ASHFORD HOSPITALITY TR INC 9.00% CUM PFD SER E
AHT.PRE
| $1.22M | 0.1% |
47,135
| – | – |
|
48
Benchmark Electronics
BHE
$2.92B
| – | – |
-563,423
| Closed | -$11.3M |
|
49
Constellium
CSTM
$3.98B
| – | – |
-102,565
| Closed | -$1.66M |
|
50
Alphabet (Google) Class C
GOOG
$4.35T
| – | – |
-30,112
| Closed | -$660K |
|
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Lakewood Capital Management's Q3 2013 Portfolio in Review
As of Q3 2013, Lakewood Capital Management held 62 positions worth $1.23B, down 16% from $1.47B the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Lakewood Capital Management withdrew a net $338M in Q3 2013, closing 15 positions and reducing 24 holdings. Its most notable exit was Microsoft, an estimated $62.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 29% a quarter earlier, followed by Industrials and Financials.
Against the trend, Lakewood Capital Management opened a new position in News Corp Class A worth $32.7M.
- Lakewood Capital Management's largest Q3 2013 buy was News Corp Class A: 2,035,000 shares worth $32.7M.
- Lakewood Capital Management added most to Magnachip Semiconductor in Q3 2013, an estimated $17.4M increase.
- Lakewood Capital Management's biggest Q3 2013 reduction was Ingram Micro, cutting an estimated $39.3M.
- Lakewood Capital Management fully exited Microsoft in Q3 2013, selling an estimated $62.4M.
- Lakewood Capital Management's ten largest holdings make up 53% of its $1.23B portfolio in Q3 2013.
- Lakewood Capital Management opened 7 new positions and closed 15 in Q3 2013.
- Lakewood Capital Management's portfolio value fell 16% quarter-over-quarter to $1.23B.
Based on Lakewood Capital Management's 13F filing for Q3 2013, filed 14 Nov 2013.