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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
+10.31%
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
$1.16B
AUM Growth
-$67.8M
(-5.5%)
Cap. Flow
-$174M
Cap. Flow
% of AUM
-15.02%
Top 10 Holdings %
Top 10 Hldgs %
62.14%
Holding
37
New
3
Increased
3
Reduced
18
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Elevance Health
ELV
|
+$27.7M |
| 2 |
Vanguard Intermediate-Term Treasury ETF
VGIT
|
+$22.7M |
| 3 |
Cigna
CI
|
+$11.7M |
| 4 |
GoodRx Holdings
GDRX
|
+$5.09M |
| 5 |
Insperity
NSP
|
+$4.16M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TMHC
Taylor Morrison
TMHC
|
+$42.2M |
| 2 |
SKX
Skechers
SKX
|
+$37.2M |
| 3 |
Cushman & Wakefield Ltd
CWK
|
+$36.1M |
| 4 |
Meta Platforms (Facebook)
META
|
+$31.1M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$26M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 24.9% |
| 2 | Consumer Discretionary | 24.43% |
| 3 | Communication Services | 15.78% |
| 4 | Healthcare | 12.42% |
| 5 | Technology | 9.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Dell
DELL
$287B
| $96.9M | 8.39% |
1,791,608
-209,000
| -10% | -$9.62M |
|
|
2
Cigna
CI
$72.4B
| $93.3M | 8.07% |
332,357
+44,800
| +16% | +$11.7M |
|
3
Group 1 Automotive
GPI
$3.25B
| $83.8M | 7.25% |
324,726
-7,000
| -2% | -$1.61M |
|
4
Citigroup
C
$227B
| $83.3M | 7.21% |
1,809,800
+10,000
| +0.6% | +$468K |
|
5
Brunswick
BC
$5.28B
| $80.5M | 6.96% |
929,067
-49,000
| -5% | -$4M |
|
|
6
Alphabet (Google) Class A
GOOGL
$4.4T
| $65.1M | 5.63% |
543,680
-225,600
| -29% | -$26M |
|
7
Comcast
CMCSA
$89B
| $59.9M | 5.18% |
1,440,748
-75,000
| -5% | -$2.98M |
|
8
First American
FAF
$7.63B
| $59.4M | 5.14% |
1,041,604
-98,000
| -9% | -$5.53M |
|
9
Apollo Global Management
APO
$73.5B
| $49.3M | 4.27% |
642,197
-77,000
| -11% | -$5.15M |
|
|
10
Insperity
NSP
$1.94B
| $46.8M | 4.05% |
393,063
+35,000
| +10% | +$4.16M |
|
11
Asbury Automotive
ABG
$3.92B
| $45.4M | 3.93% |
188,929
-36,000
| -16% | -$7.57M |
|
12
KKR & Co
KKR
$92.4B
| $36.2M | 3.14% |
647,100
-25,000
| -4% | -$1.31M |
|
13
Axalta
AXTA
$8.15B
| $33.8M | 2.93% |
1,031,397
-85,000
| -8% | -$2.64M |
|
|
14
Meta Platforms (Facebook)
META
$1.5T
| $30.5M | 2.64% |
106,206
-126,200
| -54% | -$31.1M |
|
15
First Citizens BancShares
FCNCA
$25.4B
| $29.4M | 2.54% |
22,886
-3,350
| -13% | -$3.88M |
|
|
16
Elevance Health
ELV
$84.4B
| $26.7M | 2.31% |
+60,000
| New | +$27.7M |
|
|
WRK
17
DELISTED
WestRock Company
WRK
| $23.9M | 2.07% |
822,512
-123,038
| -13% | -$3.57M |
|
18
FedEx
FDX
$74.8B
| $22.7M | 1.96% |
91,600
-30,200
| -25% | -$6.91M |
|
|
19
Vanguard Intermediate-Term Treasury ETF
VGIT
$41.6B
| $22.3M | 1.93% |
+381,000
| New | +$22.7M |
|
20
Alibaba
BABA
$302B
| $19.6M | 1.7% |
235,338
-85,000
| -27% | -$7.44M |
|
21
Charles River Laboratories
CRL
$12.4B
| $18.4M | 1.6% |
87,740
| – | – |
|
22
Ally Financial
ALLY
$13.5B
| $17.8M | 1.54% |
657,809
| – | – |
|
23
Global Payments
GPN
$23.6B
| $17.7M | 1.53% |
179,500
| – | – |
|
24
GoDaddy
GDDY
$11.3B
| $16.6M | 1.44% |
221,267
| – | – |
|
25
Capital One
COF
$135B
| $12.4M | 1.07% |
113,000
| – | – |
|
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Lakewood Capital Management's Q2 2023 Portfolio in Review
As of Q2 2023, Lakewood Capital Management held 37 positions worth $1.16B, down 5.5% from $1.22B the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Lakewood Capital Management withdrew a net $174M in Q2 2023, closing 3 positions and reducing 18 holdings. Its most notable exit was Taylor Morrison, an estimated $42.2M position sold in full.
By sector, the portfolio is most concentrated in Financials at 25% of assets, up from 23% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Lakewood Capital Management opened a new position in Elevance Health worth $26.7M.
- Lakewood Capital Management's largest Q2 2023 buy was Elevance Health: 60,000 shares worth $26.7M.
- Lakewood Capital Management added most to Cigna in Q2 2023, an estimated $11.7M increase.
- Lakewood Capital Management's biggest Q2 2023 reduction was Skechers, cutting an estimated $37.2M.
- Lakewood Capital Management fully exited Taylor Morrison in Q2 2023, selling an estimated $42.2M.
- Lakewood Capital Management's ten largest holdings make up 62% of its $1.16B portfolio in Q2 2023.
- Lakewood Capital Management opened 3 new positions and closed 3 in Q2 2023.
- Lakewood Capital Management's portfolio value fell 5.5% quarter-over-quarter to $1.16B.
Based on Lakewood Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.