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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
+2.82%
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
$1.1B
AUM Growth
-$56.6M
(-4.9%)
Cap. Flow
-$81.3M
Cap. Flow
% of AUM
-7.39%
Top 10 Holdings %
Top 10 Hldgs %
60.75%
Holding
39
New
5
Increased
9
Reduced
13
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Diageo
DEO
|
+$11.3M |
| 2 |
WRK
WestRock Company
WRK
|
+$7.38M |
| 3 |
Citigroup
C
|
+$5.57M |
| 4 |
BAND
Bandwidth Inc
BAND
|
+$3.6M |
| 5 |
GoodRx Holdings
GDRX
|
+$3.39M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dell
DELL
|
+$39.3M |
| 2 |
Meta Platforms (Facebook)
META
|
+$17.8M |
| 3 |
Applovin
APP
|
+$12.3M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$12M |
| 5 |
Apollo Global Management
APO
|
+$10.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 25.43% |
| 2 | Financials | 24.48% |
| 3 | Communication Services | 14.5% |
| 4 | Healthcare | 12.97% |
| 5 | Technology | 9.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Liberty Global Class C
LBTYK
$3.46B
| $12M | 1.09% |
644,193
| – | – |
|
27
Wyndham Hotels & Resorts
WH
$5.49B
| $11.8M | 1.07% |
169,236
| – | – |
|
28
Capital One
COF
$136B
| $11.4M | 1.03% |
117,000
+4,000
| +4% | +$428K |
|
|
29
Diageo
DEO
$52.2B
| $10.1M | 0.92% |
+67,550
| New | +$11.3M |
|
|
30
GoodRx Holdings
GDRX
$1.22B
| $8.19M | 0.75% |
1,455,085
+508,407
| +54% | +$3.39M |
|
31
Liberty Global Class A
LBTYA
$3.55B
| $4.65M | 0.42% |
271,333
| – | – |
|
|
32
Applovin
APP
$102B
| $3.2M | 0.29% |
80,000
-347,000
| -81% | -$12.3M |
|
|
BAND
33
Bandwidth Inc
BAND
$1.67B
| $2.98M | 0.27% |
+264,517
| New | +$3.6M |
|
34
Taboola.com
TBLA
$1.05B
| $2.55M | 0.23% |
+671,859
| New | +$2.36M |
|
|
SKX
35
DELISTED
Skechers
SKX
| $1.89M | 0.17% |
38,600
-84,000
| -69% | -$4.29M |
|
36
CS Disco
LAW
$280M
| $1.8M | 0.16% |
+271,420
| New | +$2.37M |
|
|
BAND
37
CALL
Bandwidth Inc
BAND
$1.67B
| $902K | 0.08% |
+80,000
| New | +$1.09M |
|
38
Zevia
ZVIA
$104M
| $479K | 0.04% |
215,891
| – | – |
|
|
STR
39
DELISTED
Sitio Royalties
STR
| – | – |
-70,088
| Closed | -$1.84M |
|
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Lakewood Capital Management's Q3 2023 Portfolio in Review
As of Q3 2023, Lakewood Capital Management held 39 positions worth $1.1B, down 4.9% from $1.16B the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Lakewood Capital Management withdrew a net $81.3M in Q3 2023, closing 1 position and reducing 13 holdings. Its most notable exit was Sitio Royalties, an estimated $1.84M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 25% of assets, up from 24% a quarter earlier, followed by Financials and Communication Services.
Against the trend, Lakewood Capital Management opened a new position in Diageo worth $10.1M.
- Lakewood Capital Management's largest Q3 2023 buy was Diageo: 67,550 shares worth $10.1M.
- Lakewood Capital Management added most to WestRock Company in Q3 2023, an estimated $7.38M increase.
- Lakewood Capital Management's biggest Q3 2023 reduction was Dell, cutting an estimated $39.3M.
- Lakewood Capital Management fully exited Sitio Royalties in Q3 2023, selling an estimated $1.84M.
- Lakewood Capital Management's ten largest holdings make up 61% of its $1.1B portfolio in Q3 2023.
- Lakewood Capital Management opened 5 new positions and closed 1 in Q3 2023.
- Lakewood Capital Management's portfolio value fell 4.9% quarter-over-quarter to $1.1B.
Based on Lakewood Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.