Lakewood Asset Management LLC
Long book
$156.4M
Q1 2026
Positions
107
Top-10 weight
40%
concentration
Last quarter
+8.2%
SPY +14.8%
Turnover
11%
of book per quarter
Strategy in plain words
auto-generated from filingsLakewood Asset Management LLC is an institutional manager, running a $156.4M US long book across 107 positions.
The portfolio is moderately concentrated (top 10 ≈ 40% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: SCHWAB FNDMNTL US LRG CO ETF, BERKSHIRE HATHAWAY INC-CL B, VANGUARD 0-3M T-BILL ETF, VANGUARD TOT WORLD STK ETF, VANGUARD CORE-PLUS BOND ETF.
Over the last 9 quarters its long book ran on average 1.8pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-2.0%
Q2 2024
+7.0%
Q3 2024
+0.0%
Q4 2024
-0.3%
Q1 2025
+3.0%
Q2 2025
+6.8%
Q3 2025
-0.1%
Q4 2025
+1.7%
Q1 2026
+8.2%
Sector allocation
Financials 23%
Industrials 16%
Consumer discretionary 16%
Energy 14%
Technology 12%
Services media 9%
Other 4%
Healthcare 4%
Long book by quarter
What does Lakewood Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 20.0K | $9.6M | 6.1% | -14.0% |
| COP CONOCOPHILLIPS | Energy | 36.6K | $4.8M | 3.1% | -20.3% |
| EBAY EBAY INC | Services media | 48.3K | $4.4M | 2.8% | -22.9% |
| WSM WILLIAMS-SONOMA INC | Consumer discretionary | 21.2K | $3.9M | 2.5% | -25.0% |
| AZO AUTOZONE INC | Consumer discretionary | 1.0K | $3.5M | 2.3% | -26.6% |
| MCK MCKESSON CORP | Consumer discretionary | 4.1K | $3.5M | 2.2% | -38.7% |
| RTX RTX CORP | Industrials | 16.8K | $3.2M | 2.1% | -19.0% |
| AAPL APPLE INC | Technology | 11.5K | $2.9M | 1.9% | -22.0% |
| BAC BANK OF AMERICA CORP | Financials | 58.9K | $2.9M | 1.8% | -31.1% |
| NVR NVR INC | Industrials | 428 | $2.8M | 1.8% | -22.7% |
| MTB M & T BANK CORP | Financials | 12.3K | $2.5M | 1.6% | -23.6% |
| HPE HEWLETT PACKARD ENTERPRISE | Technology | 107.0K | $2.5M | 1.6% | -22.9% |
| FANG DIAMONDBACK ENERGY INC | Energy | 12.4K | $2.5M | 1.6% | -21.8% |
| SLB SLB LTD | Energy | 45.7K | $2.4M | 1.5% | -23.4% |
| BKNG BOOKING HOLDINGS INC | Industrials | 486 | $2.0M | 1.3% | -25.8% |
| RF REGIONS FINANCIAL CORP | Financials | 76.9K | $2.0M | 1.3% | -23.6% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 29.9K | $1.8M | 1.2% | -23.8% |
| DKS DICK'S SPORTING GOODS INC | Consumer discretionary | 8.1K | $1.6M | 1.0% | -25.1% |
| UHAL/B U-HAUL HOLDING CO-NON VOTING | Services media | 35.6K | $1.6M | 1.0% | -21.8% |
| MSFT MICROSOFT CORP | Technology | 4.1K | $1.5M | 1.0% | -2.3% |
| APA APA CORP | Energy | 29.6K | $1.3M | 0.8% | -23.1% |
| CF CF INDUSTRIES HOLDINGS INC | Other | 9.5K | $1.2M | 0.8% | -23.3% |
| LEA LEAR CORP | Industrials | 10.1K | $1.2M | 0.8% | -25.6% |
| MHK MOHAWK INDUSTRIES INC | Other | 11.0K | $1.1M | 0.7% | -24.9% |
| MKL MARKEL GROUP INC | Financials | 537 | $1.0M | 0.7% | -20.8% |
| EPD ENTERPRISE PRODUCTS PARTNERS | Utilities | 25.6K | $970K | 0.6% | Held |
| KMX CARMAX INC | Consumer discretionary | 22.5K | $938K | 0.6% | -25.3% |
| JNJ JOHNSON & JOHNSON | Healthcare | 3.6K | $871K | 0.6% | +0.1% |
| CAT CATERPILLAR INC | Industrials | 1.1K | $811K | 0.5% | -2.4% |
| CMI CUMMINS INC | Industrials | 1.5K | $791K | 0.5% | -1.3% |
| DBX DROPBOX INC-CLASS A | Technology | 34.4K | $783K | 0.5% | -23.3% |
| LULU LULULEMON ATHLETICA INC | Other | 5.1K | $782K | 0.5% | +1.6% |
| META META PLATFORMS INC-CLASS A | Technology | 1.4K | $776K | 0.5% | Held |
| LEN LENNAR CORP-A | Industrials | 8.9K | $772K | 0.5% | -22.1% |
| BN BROOKFIELD CORP | Real estate | 18.3K | $743K | 0.5% | Held |
| CARR CARRIER GLOBAL CORP | Industrials | 13.1K | $737K | 0.5% | 0.0% |
| ADI ANALOG DEVICES INC | Technology | 2.3K | $726K | 0.5% | Held |
| MOH MOLINA HEALTHCARE INC | Financials | 5.4K | $726K | 0.5% | New |
| CTVA CORTEVA INC | Consumer staples | 8.6K | $718K | 0.5% | +0.1% |
| AVGO BROADCOM INC | Technology | 2.3K | $716K | 0.5% | -1.6% |
| AIG AMERICAN INTERNATIONAL GROUP | Financials | 9.2K | $693K | 0.4% | -1.0% |
| HCC WARRIOR MET COAL INC | Materials | 7.3K | $676K | 0.4% | +2.2% |
| PRDO PERDOCEO EDUCATION CORP | Services media | 17.3K | $643K | 0.4% | +5.0% |
| GRBK GREEN BRICK PARTNERS INC | Industrials | 9.3K | $601K | 0.4% | +5.4% |
| JPM JPMORGAN CHASE & CO | Financials | 2.0K | $596K | 0.4% | -1.7% |
| ATKR ATKORE INC | Technology | 9.7K | $571K | 0.4% | -8.5% |
| PTLO PORTILLO'S INC-CL A | Consumer discretionary | 104.7K | $554K | 0.4% | -22.8% |
| CVCO CAVCO INDUSTRIES INC | Other | 1.0K | $492K | 0.3% | +5.9% |
| VVX V2X INC | Services media | 7.1K | $485K | 0.3% | +5.6% |
| OSBC OLD SECOND BANCORP INC | Financials | 22.7K | $457K | 0.3% | +6.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 23, 2026 | 107 | $156.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 26, 2026 | 105 | $170.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 24, 2025 | 104 | $165.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 17, 2025 | 101 | $149.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 24, 2025 | 101 | $148.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 14, 2025 | 120 | $145.2M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 7, 2024 | 119 | $146.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 18, 2024 | 116 | $143.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 22, 2024 | 115 | $147.1M | canonical | SEC ↗ |
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