LAKEWOOD ASSET MANAGEMENT LLC
Q1 2025 Form 13-F
NAPERVILLE, ILLINOIS
CIK 0001966581
· CRD 174887
· SEC-registered investment adviser
$148.2M Reported Value Total
LAKEWOOD ASSET MANAGEMENT, LLC reports 340 total accounts under management (AUM). There are 329 discretionary accounts valued at $202,735,977, and 11 non-discretionary accounts valued at $17,476,315.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Source: Form ADV filed 2026-08-25
Reported value
$148.2M
Quarter over quarter
-0.5%
Holdings
101
Top-10 concentration
42.7%
Key People
Form ADV owners & control persons
Brooks Jason Call
SOLE MEMBER
Michael Joseph Lannan
SOLE MEMBER
Todd J Mick
SOLE MEMBER
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Q1 2025 13F record
Q1 2025 13F filing summary
| Period of report | March 31, 2025 |
|---|---|
| Filed | April 24, 2025 |
| Form | 13F-HR |
| Reported value | $148.2M |
| Positions | 101 |
| Change in reported value | +2.1% |
| New positions | 3 |
| Exited positions | 22 |
| Position turnover | 20.3% |
| Top-10 concentration | 42.7% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q3 2026 13F
Filed Oct 26, 2026
|
110 | $194.0M |
|
Q2 2026 13F
Filed Aug 6, 2026
|
107 | $182.3M |
|
Q1 2026 13F
Filed Apr 23, 2026
|
107 | $156.4M |
|
Q4 2025 13F
Filed Jan 26, 2026
|
105 | $170.2M |
|
Q3 2025 13F
Filed Oct 24, 2025
|
104 | $165.4M |
|
Q2 2025 13F
Filed Jul 17, 2025
|
101 | $149.7M |
|
Q1 2025 13F
Filed Apr 24, 2025
|
101 | $148.2M |
|
Q4 2024 13F
Filed Jan 14, 2025
|
120 | $145.2M |
|
Q3 2024 13F
Filed Oct 7, 2024
|
119 | $146.4M |
|
Q2 2024 13F
Filed Jul 18, 2024
|
116 | $143.4M |
|
Q1 2024 13F
Filed Apr 22, 2024
|
115 | $147.1M |
|
Q4 2023 13F
Filed Jan 10, 2024
|
109 | $128.7M |
|
Q3 2023 13F
Filed Oct 11, 2023
|
111 | $122.6M |
|
Q2 2023 13F
Filed Jul 13, 2023
|
115 | $127.1M |
|
Q1 2023 13F
Filed Apr 13, 2023
|
112 | $120.3M |
|
Q4 2022 13F
Filed Mar 1, 2023
|
315 | $123.7M |
Top 20 holdings · Q1 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | BRK-B BERKSHIRE HATHAWAY INC DEL | $12.2M | 8.25% |
| 2 | BIL SPDR SER TR | $9.0M | 6.08% |
| 3 | FNDX SCHWAB STRATEGIC TR | $7.6M | 5.12% |
| 4 | MCK MCKESSON CORP | $6.8M | 4.56% |
| 5 | AZO AUTOZONE INC | $5.5M | 3.7% |
| 6 | VT VANGUARD INTL EQUITY INDEX F | $5.1M | 3.43% |
| 7 | WSM WILLIAMS SONOMA INC | $4.5M | 3.07% |
| 8 | COP CONOCOPHILLIPS | $4.2M | 2.86% |
| 9 | AAPL APPLE INC | $4.2M | 2.81% |
| 10 | EBAY EBAY INC. | $4.1M | 2.8% |
| 11 | NVR NVR INC | $3.9M | 2.62% |
| 12 | BAC BANK AMERICA CORP | $3.6M | 2.41% |
| 13 | BKNG BOOKING HOLDINGS INC | $3.0M | 2.06% |
| 14 | VTI VANGUARD INDEX FDS | $3.0M | 2.0% |
| 15 | MTB M & T BK CORP | $2.8M | 1.89% |
| 16 | RTX RTX CORPORATION | $2.8M | 1.88% |
| 17 | UHALB U HAUL HOLDING COMPANY | $2.6M | 1.77% |
| 18 | FANG DIAMONDBACK ENERGY INC | $2.4M | 1.64% |
| 19 | SLB SCHLUMBERGER LTD | $2.3M | 1.56% |
| 20 | KMX CARMAX INC | $2.3M | 1.56% |
Values as reported on the Q1 2025 Form 13F. Every position is in the holdings table below.