Lakewood Capital Management, L.P. 13F annual report
Lakewood Capital Management, L.P. is an investment fund managing more than $1.16 trillion ran by Chris Deneen. There are currently 42 companies in Mr. Deneen’s portfolio. The largest investments include Cigna and 1 Automotive, together worth $184 billion.
$1.16 trillion Assets Under Management (AUM)
As of 7th August 2024, Lakewood Capital Management, L.P.’s top holding is 305,857 shares of Cigna currently worth over $101 billion and making up 8.7% of the portfolio value.
Relative to the number of outstanding shares of Cigna, Lakewood Capital Management, L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 277,726 shares of 1 Automotive worth $82.6 billion, whose value grew 24.8% in the past six months.
The third-largest holding is Citigroup Inc worth $76.9 billion and the next is Kemper Corp worth $59.3 billion, with 998,998 shares owned.
Currently, Lakewood Capital Management, L.P.'s portfolio is worth at least $1.16 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Lakewood Capital Management, L.P.
The Lakewood Capital Management, L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Chris Deneen serves as the Chief Financial Officer at Lakewood Capital Management, L.P..
Recent trades
In the most recent 13F filing, Lakewood Capital Management, L.P. revealed that it had opened a new position in
SS&C Technologies Inc and bought 354,954 shares worth $22.2 billion.
This means they effectively own approximately 0.1% of the company.
SS&C Technologies Inc makes up
22.1%
of the fund's Technology sector allocation and has grown its share price by 26.0% in the past year.
The investment fund also strengthened its position in Cigna by buying
8,000 additional shares.
This makes their stake in Cigna total 305,857 shares worth $101 billion.
Cigna soared 13.2% in the past year.
On the other hand, there are companies that Lakewood Capital Management, L.P. is getting rid of from its portfolio.
Lakewood Capital Management, L.P. closed its position in Cnh Indl N V on 14th August 2024.
It sold the previously owned 1,520,000 shares for $19.7 billion.
Chris Deneen also disclosed a decreased stake in 1 Automotive by 0.1%.
This leaves the value of the investment at $82.6 billion and 277,726 shares.
One of the average hedge funds
The two most similar investment funds to Lakewood Capital Management, L.P. are Rwc Asset Management LL.P. and Riverstone Holdings. They manage $1.16 trillion and $1.16 trillion respectively.
Chris Deneen investment strategy
Lakewood Capital Management, L.P.’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 18.8% of
the total portfolio value.
The fund focuses on investments in the United States as
45.2% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
19% of the total holdings value.
On the other hand, small-cap stocks make up only 2.4% of the portfolio.
The average market cap of the portfolio companies is close to $96.5 billion.
The complete list of Lakewood Capital Management, L.P. trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Cigna Group (The) |
2.69%
305,857
|
$101,107,148,000 | 8.71% |
| Group 1 Automotive, Inc. |
10.04%
277,726
|
$82,562,385,000 | 7.11% |
| Citigroup Inc |
No change
1,211,800
|
$76,900,828,000 | 6.62% |
| Kemper Corp |
3.63%
998,998
|
$59,270,551,000 | 5.10% |
| First Amern Finl Corp |
21.06%
1,086,604
|
$58,622,286,000 | 5.05% |
| Brunswick Corp. |
43.97%
733,467
|
$53,374,394,000 | 4.60% |
| Comcast Corp New |
No change
1,308,748
|
$51,250,572,000 | 4.41% |
| Alphabet Inc |
33.28%
272,680
|
$49,668,662,000 | 4.28% |
| Fedex Corp |
No change
165,290
|
$49,560,554,000 | 4.27% |
| WestRock Co |
No change
947,512
|
$47,621,953,000 | 4.10% |
| Elevance Health Inc |
6.41%
83,000
|
$44,974,380,000 | 3.87% |
| Apollo Global Mgmt Inc |
No change
377,197
|
$44,535,650,000 | 3.84% |
| Axalta Coating Sys Ltd |
No change
1,051,397
|
$35,926,235,000 | 3.09% |
| Asbury Automotive Group Inc |
No change
154,929
|
$35,303,671,000 | 3.04% |
| GoodRx Holdings, Inc. |
8.77%
3,595,085
|
$28,041,663,000 | 2.42% |
| Sotera Health Co |
No change
2,307,739
|
$27,392,862,000 | 2.36% |
| First Ctzns Bancshares Inc N |
No change
14,336
|
$24,136,233,000 | 2.08% |
| Charles Riv Labs Intl Inc |
0.89%
111,740
|
$23,083,249,000 | 1.99% |
| SS&C Technologies Holdings Inc |
Opened
354,954
|
$22,244,967,000 | 1.92% |
| Gildan Activewear Inc |
No change
577,352
|
$21,893,188,000 | 1.89% |
| Global Pmts Inc |
27.23%
209,300
|
$20,239,310,000 | 1.74% |
| Cnh Indl N V |
Closed
1,520,000
|
$19,699,200,000 | |
| Roivant Sciences Ltd |
No change
1,744,800
|
$18,442,536,000 | 1.59% |
| Alibaba Group Hldg Ltd |
No change
235,338
|
$16,944,336,000 | 1.46% |
| Ally Finl Inc |
No change
376,609
|
$14,940,079,000 | 1.29% |
| Seadrill 2021 Ltd |
Opened
283,000
|
$14,574,500,000 | 1.26% |
| Capital One Finl Corp |
No change
101,000
|
$13,983,450,000 | 1.20% |
| KKR & Co. Inc |
27.48%
127,700
|
$13,439,148,000 | 1.16% |
| Wyndham Hotels & Resorts Inc |
No change
169,236
|
$12,523,464,000 | 1.08% |
| Ishares Bitcoin Tr |
26.75%
311,310
|
$10,628,123,000 | 0.92% |
| NICE Ltd |
Opened
60,000
|
$10,318,200,000 | 0.89% |
| Lightspeed Commerce Inc |
Opened
700,000
|
$9,583,000,000 | 0.83% |
| Mercury Genl Corp New |
Opened
176,700
|
$9,389,838,000 | 0.81% |
| Signet Jewelers Limited |
Opened
90,000
|
$8,062,200,000 | 0.69% |
| Grayscale Bitcoin Tr Btc |
No change
123,500
|
$6,575,140,000 | 0.57% |
| National Vision Holdings Inc |
36.99%
500,000
|
$6,545,000,000 | 0.56% |
| Meta Platforms Inc |
No change
12,970
|
$6,539,733,000 | 0.56% |
| Sleep Number Corp |
1.55%
655,000
|
$6,268,350,000 | 0.54% |
| Bandwidth Inc |
No change
355,721
|
$6,004,570,000 | 0.52% |
| CS Disco, Inc. |
18.82%
966,531
|
$5,760,525,000 | 0.50% |
| Taboola.com Ltd |
16.67%
1,446,541
|
$4,976,101,000 | 0.43% |
| Root, Inc. |
Opened
94,200
|
$4,861,662,000 | 0.42% |
| Insperity Inc |
Closed
33,063
|
$3,624,035,000 | |
| Liberty Global Ltd |
Opened
170,000
|
$2,963,100,000 | 0.26% |
| Dell Technologies Inc |
Closed
21,606
|
$2,465,461,000 | |
| Clearfield Inc |
Closed
70,000
|
$2,158,800,000 | |
| No transactions found | |||
| Showing first 500 out of 46 holdings | |||
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