Lakewood Capital Management Reduces Stake in Capital One Financial

The hedge fund decreased its holdings in the financial services provider by over 50% in the third quarter.

Mar. 14, 2026 at 11:55am

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Lakewood Capital Management LP decreased its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 52.6% during the 3rd quarter, according to a recent report. The firm owned 18,000 shares of the financial services provider's stock at the end of the quarter, down from 38,000 shares previously.

Why it matters

This reduction in Lakewood Capital's stake in Capital One Financial is noteworthy as the hedge fund is a major institutional investor in the company. The move suggests Lakewood may have a more cautious outlook on Capital One's prospects compared to previous quarters.

The details

Lakewood Capital Management LP sold 20,000 shares of Capital One Financial during the 3rd quarter, reducing its total holdings to 18,000 shares worth approximately $3.83 million. The hedge fund cited unspecified reasons for the sell-off, which represented a 52.6% decrease in its position. Several other large investors also made changes to their Capital One Financial holdings during the quarter.

  • Lakewood Capital Management reduced its stake in Capital One Financial during the 3rd quarter of 2026.

The players

Lakewood Capital Management LP

A hedge fund that previously held a sizable position in Capital One Financial Corporation.

Capital One Financial Corporation

A diversified bank holding company headquartered in McLean, Virginia that provides credit cards, consumer and commercial banking, and auto financing services.

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The takeaway

Lakewood Capital Management's reduction in its Capital One Financial holdings suggests the hedge fund may have a more cautious outlook on the financial services provider compared to previous quarters, though the specific reasons for the sell-off are unclear. This move by a major institutional investor is worth monitoring as it could signal broader market sentiment around Capital One's prospects.