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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 | |
|---|---|---|---|---|---|---|
51
Goldman Sachs
GS
$301B
| – | – |
-31,300
| Closed | -$4.73M |
|
52
IAMGOLD
IAG
$10.4B
| – | – |
-867,874
| Closed | -$3.76M |
|
53
Kohl's
KSS
$2.11B
| – | – |
-378,152
| Closed | -$19.1M |
|
|
54
Microsoft
MSFT
$3.74T
| – | – |
-1,807,074
| Closed | -$62.4M |
|
55
Primerica
PRI
$9.67B
| – | – |
-398,630
| Closed | -$14.9M |
|
56
Ryman Hospitality Properties
RHP
$7.72B
| – | – |
-670,000
| Closed | -$26.1M |
|
57
State Street
STT
$51.4B
| – | – |
-91,616
| Closed | -$5.97M |
|
|
RFP
58
DELISTED
Resolute Forest Products Inc.
RFP
| – | – |
-422,389
| Closed | -$5.56M |
|
|
VXZ
59
DELISTED
iPath S&P 500 VIX Mid-Term Futures ETN due 1/30/2019
VXZ
| – | – |
-61,035
| Closed | -$5.63M |
|
|
AVIV
60
DELISTED
AVIV REIT INC COM STK (MD)
AVIV
| – | – |
-447,137
| Closed | -$11.3M |
|
|
XL
61
DELISTED
XL Group Ltd.
XL
| – | – |
-71,515
| Closed | -$2.17M |
|
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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.