# EDGAR Filing Document

**Accession Number:** 0001966581
**File Stem:** 0001754960-26-000307
**Filing Date:** 2026-4
**Character Count:** 14071
**Document Hash:** 1d7a3b75d17ab9a421c8b695cd768438
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001754960-26-000307.hdr.sgml**: 20260423

**ACCESSION NUMBER**: 0001754960-26-000307

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260423

**DATE AS OF CHANGE**: 20260422

**EFFECTIVENESS DATE**: 20260423

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Lakewood Asset Management LLC
- **CENTRAL INDEX KEY:** 0001966581

**ORGANIZATION NAME:**
- **EIN:** 472814185
- **STATE OF INCORPORATION:** IL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23154
- **FILM NUMBER:** 26885253

**BUSINESS ADDRESS:**
- **STREET 1:** 225 W JEFFERSON AVE
- **STREET 2:** STE # 102
- **CITY:** NAPERVILLE
- **STATE:** IL
- **ZIP:** 60540
- **BUSINESS PHONE:** 312-543-1772

**MAIL ADDRESS:**
- **STREET 1:** 225 W JEFFERSON AVE
- **STREET 2:** STE # 102
- **CITY:** NAPERVILLE
- **STATE:** IL
- **ZIP:** 60540

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Lakewood Asset Management LLC<br>**Address:** 225 W JEFFERSON AVE<br>STE # 102<br>NAPERVILLE, IL 60540

**Form 13F File Number:** 028-23154

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Aryn Sands<br>**Title:** Agent<br>**Phone:** 844-844-3453

**Signature, Place, and Date of Signing:**

Aryn Sands  Reno, NV  04-22-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 107

**Form 13F Information Table Value Total:** $156430825

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBVIE INC | COM | 00287Y109 |  | 236169 | 1086 | SH |  | SOLE |  | 0 | 0 | 1086 |
| ACI WORLDWIDE INC | COM | 004498101 |  | 269395 | 6569 | SH |  | SOLE |  | 0 | 0 | 6569 |
| AMERICAN INTL GROUP INC | COM NEW | 026874784 |  | 692564 | 9204 | SH |  | SOLE |  | 0 | 0 | 9204 |
| AMGEN INC | COM | 031162100 |  | 267641 | 761 | SH |  | SOLE |  | 0 | 0 | 761 |
| AMPLIFY ENERGY CORP NEW | COM | 03212B103 |  | 229470 | 36774 | SH |  | SOLE |  | 0 | 0 | 36774 |
| ANALOG DEVICES INC | COM | 032654105 |  | 726467 | 2283 | SH |  | SOLE |  | 0 | 0 | 2283 |
| APA CORPORATION | COM | 03743Q108 |  | 1257712 | 29635 | SH |  | SOLE |  | 0 | 0 | 29635 |
| APPLE INC | COM | 037833100 |  | 2912446 | 11476 | SH |  | SOLE |  | 0 | 0 | 11476 |
| ATKORE INC | COM | 047649108 |  | 570856 | 9690 | SH |  | SOLE |  | 0 | 0 | 9690 |
| AUTOZONE INC | COM | 053332102 |  | 3536536 | 1047 | SH |  | SOLE |  | 0 | 0 | 1047 |
| BANK AMERICA CORP | COM | 060505104 |  | 2868951 | 58850 | SH |  | SOLE |  | 0 | 0 | 58850 |
| BARRETT BUSINESS SVCS INC | COM | 068463108 |  | 387452 | 13278 | SH |  | SOLE |  | 0 | 0 | 13278 |
| BAYTEX ENERGY CORP | COM | 07317Q105 |  | 318827 | 71326 | SH |  | SOLE |  | 0 | 0 | 71326 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 9576812 | 19985 | SH |  | SOLE |  | 0 | 0 | 19985 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 2046398 | 486 | SH |  | SOLE |  | 0 | 0 | 486 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 1810488 | 29851 | SH |  | SOLE |  | 0 | 0 | 29851 |
| BROADCOM INC | COM | 11135F101 |  | 715897 | 2313 | SH |  | SOLE |  | 0 | 0 | 2313 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 742567 | 18349 | SH |  | SOLE |  | 0 | 0 | 18349 |
| BROOKFIELD INFRASTRUCTURE PA | LP INT UNIT | G16252101 |  | 518994 | 14369 | SH |  | SOLE |  | 0 | 0 | 14369 |
| CARMAX INC | COM | 143130102 |  | 937587 | 22549 | SH |  | SOLE |  | 0 | 0 | 22549 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 737096 | 13090 | SH |  | SOLE |  | 0 | 0 | 13090 |
| CATERPILLAR INC | COM | 149123101 |  | 811449 | 1145 | SH |  | SOLE |  | 0 | 0 | 1145 |
| CAVCO INDS INC DEL | COM | 149568107 |  | 492039 | 1016 | SH |  | SOLE |  | 0 | 0 | 1016 |
| CF INDUSTRIES HOLD | COM | 125269100 |  | 1231376 | 9484 | SH |  | SOLE |  | 0 | 0 | 9484 |
| CHEVRON CORPORATION | COM | 166764100 |  | 360357 | 1742 | SH |  | SOLE |  | 0 | 0 | 1742 |
| CLIMB GLOBAL SOLUTIONS INC | COM | 946760105 |  | 347702 | 17543 | SH |  | SOLE |  | 0 | 0 | 17543 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 4826020 | 36561 | SH |  | SOLE |  | 0 | 0 | 36561 |
| CORTEVA INC | COM | 22052L104 |  | 717863 | 8576 | SH |  | SOLE |  | 0 | 0 | 8576 |
| CROWN CRAFTS INC | COM | 228309100 |  | 73612 | 28587 | SH |  | SOLE |  | 0 | 0 | 28587 |
| CUMMINS INC | COM | 231021106 |  | 791294 | 1471 | SH |  | SOLE |  | 0 | 0 | 1471 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 2452752 | 12401 | SH |  | SOLE |  | 0 | 0 | 12401 |
| DICKS SPORTING GOODS INC | COM | 253393102 |  | 1597280 | 8055 | SH |  | SOLE |  | 0 | 0 | 8055 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 1 | 25434V625 |  | 466373 | 6470 | SH |  | SOLE |  | 0 | 0 | 6470 |
| DIMENSIONAL ETF TRUST | WORLD EQUITY ETF | 25434V617 |  | 1190959 | 16142 | SH |  | SOLE |  | 0 | 0 | 16142 |
| DMC GLOBAL INC | COM | 23291C103 |  | 124582 | 23912 | SH |  | SOLE |  | 0 | 0 | 23912 |
| DOUGLAS DYNAMICS INC | COM | 25960R105 |  | 223537 | 5311 | SH |  | SOLE |  | 0 | 0 | 5311 |
| DROPBOX INC | CL A | 26210C104 |  | 782522 | 34442 | SH |  | SOLE |  | 0 | 0 | 34442 |
| EBAY INC. | COM | 278642103 |  | 4399137 | 48332 | SH |  | SOLE |  | 0 | 0 | 48332 |
| ENNIS INC | COM | 293389102 |  | 235071 | 10974 | SH |  | SOLE |  | 0 | 0 | 10974 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 970205 | 25640 | SH |  | SOLE |  | 0 | 0 | 25640 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 401345 | 2366 | SH |  | SOLE |  | 0 | 0 | 2366 |
| FONAR CORP | COM NEW | 344437405 |  | 353698 | 19057 | SH |  | SOLE |  | 0 | 0 | 19057 |
| FULL HSE RESORTS INC | COM | 359678109 |  | 77852 | 34601 | SH |  | SOLE |  | 0 | 0 | 34601 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 298953 | 871 | SH |  | SOLE |  | 0 | 0 | 871 |
| GLOBAL X FDS | US INFR DEV ETF | 37954Y673 |  | 204612 | 4027 | SH |  | SOLE |  | 0 | 0 | 4027 |
| GREEN BRICK PARTNERS INC | COM | 392709101 |  | 601190 | 9328 | SH |  | SOLE |  | 0 | 0 | 9328 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 2546839 | 106965 | SH |  | SOLE |  | 0 | 0 | 106965 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 559287 | 969 | SH |  | SOLE |  | 0 | 0 | 969 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 632339 | 9280 | SH |  | SOLE |  | 0 | 0 | 9280 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 880491 | 4121 | SH |  | SOLE |  | 0 | 0 | 4121 |
| ISHARES TR | CORE S ETF | 464287200 |  | 1510838 | 2313 | SH |  | SOLE |  | 0 | 0 | 2313 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 871138 | 3564 | SH |  | SOLE |  | 0 | 0 | 3564 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 595881 | 2026 | SH |  | SOLE |  | 0 | 0 | 2026 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 289219 | 8626 | SH |  | SOLE |  | 0 | 0 | 8626 |
| KORU MEDICAL SYSTEMS INC | COM | 759910102 |  | 319442 | 73945 | SH |  | SOLE |  | 0 | 0 | 73945 |
| LEAR CORP | COM NEW | 521865204 |  | 1228744 | 10148 | SH |  | SOLE |  | 0 | 0 | 10148 |
| LENNAR CORP | CL A | 526057104 |  | 772364 | 8894 | SH |  | SOLE |  | 0 | 0 | 8894 |
| LULULEMON ATHLETICA INC | COM | 550021109 |  | 781882 | 5107 | SH |  | SOLE |  | 0 | 0 | 5107 |
| M  T BK CORP | COM | 55261F104 |  | 2549746 | 12334 | SH |  | SOLE |  | 0 | 0 | 12334 |
| MARKEL GROUP INC | COM | 570535104 |  | 1027856 | 537 | SH |  | SOLE |  | 0 | 0 | 537 |
| MCKESSON CORP | COM | 58155Q103 |  | 3517131 | 4064 | SH |  | SOLE |  | 0 | 0 | 4064 |
| META PLATFORMS INC | CL A | 30303M102 |  | 775808 | 1356 | SH |  | SOLE |  | 0 | 0 | 1356 |
| MICROSOFT CORP | COM | 594918104 |  | 1522383 | 4113 | SH |  | SOLE |  | 0 | 0 | 4113 |
| MILLER INDS INC TENN | COM NEW | 600551204 |  | 205795 | 4518 | SH |  | SOLE |  | 0 | 0 | 4518 |
| MOHAWK INDS INC | COM | 608190104 |  | 1084143 | 11011 | SH |  | SOLE |  | 0 | 0 | 11011 |
| MOLINA HEALTHCARE INC | COM | 60855R100 |  | 726352 | 5449 | SH |  | SOLE |  | 0 | 0 | 5449 |
| NICE LTD | SPONSORED ADR | 653656108 |  | 1343077 | 12181 | SH |  | SOLE |  | 0 | 0 | 12181 |
| NVR INC | COM | 62944T105 |  | 2820447 | 428 | SH |  | SOLE |  | 0 | 0 | 428 |
| OLD SECOND BANCORP INC DEL | COM | 680277100 |  | 456636 | 22651 | SH |  | SOLE |  | 0 | 0 | 22651 |
| ORACLE CORP | COM | 68389X105 |  | 271447 | 1845 | SH |  | SOLE |  | 0 | 0 | 1845 |
| PANGAEA LOGISTICS SOLUTION L | SHS | G6891L105 |  | 295160 | 41689 | SH |  | SOLE |  | 0 | 0 | 41689 |
| PARKE BANCORP INC | COM | 700885106 |  | 455062 | 16023 | SH |  | SOLE |  | 0 | 0 | 16023 |
| PERDOCEO ED CORP | COM | 71363P106 |  | 642766 | 17274 | SH |  | SOLE |  | 0 | 0 | 17274 |
| PORTILLOS INC | COM CL A | 73642K106 |  | 553641 | 104658 | SH |  | SOLE |  | 0 | 0 | 104658 |
| REGIONS FINANCIAL CORP NEW | COM | 7591EP100 |  | 2008645 | 76901 | SH |  | SOLE |  | 0 | 0 | 76901 |
| RTX CORPORATION | COM | 75513E101 |  | 3247541 | 16835 | SH |  | SOLE |  | 0 | 0 | 16835 |
| SANDRIDGE ENERGY INC | COM NEW | 80007P869 |  | 415768 | 25492 | SH |  | SOLE |  | 0 | 0 | 25492 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US S | 808524763 |  | 1484146 | 45765 | SH |  | SOLE |  | 0 | 0 | 45765 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL US L | 808524771 |  | 10322086 | 370631 | SH |  | SOLE |  | 0 | 0 | 370631 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 |  | 2893442 | 59134 | SH |  | SOLE |  | 0 | 0 | 59134 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524748 |  | 363102 | 7832 | SH |  | SOLE |  | 0 | 0 | 7832 |
| SLB LIMITED | COM STK | 806857108 |  | 2350922 | 45747 | SH |  | SOLE |  | 0 | 0 | 45747 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R663 |  | 3058387 | 33374 | SH |  | SOLE |  | 0 | 0 | 33374 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A763 |  | 460587 | 3156 | SH |  | SOLE |  | 0 | 0 | 3156 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 714488 | 1099 | SH |  | SOLE |  | 0 | 0 | 1099 |
| U HAUL HOLDING COMPANY | COM SER N | 023586506 |  | 1590775 | 35612 | SH |  | SOLE |  | 0 | 0 | 35612 |
| V2X INC | COM | 92242T101 |  | 484569 | 7074 | SH |  | SOLE |  | 0 | 0 | 7074 |
| VAALCO ENERGY INC | COM NEW | 91851C201 |  | 344291 | 54305 | SH |  | SOLE |  | 0 | 0 | 54305 |
| VANGUARD BD INDEX FDS | VANGUARD ULTRA | 92203C303 |  | 2849473 | 57236 | SH |  | SOLE |  | 0 | 0 | 57236 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 3238433 | 10095 | SH |  | SOLE |  | 0 | 0 | 10095 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 603454 | 2778 | SH |  | SOLE |  | 0 | 0 | 2778 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 880191 | 1473 | SH |  | SOLE |  | 0 | 0 | 1473 |
| VANGUARD INSTL INDEX FD | 0-3 MO TREAS BIL | 922040845 |  | 8813425 | 116503 | SH |  | SOLE |  | 0 | 0 | 116503 |
| VANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF | 922042742 |  | 7449077 | 53854 | SH |  | SOLE |  | 0 | 0 | 53854 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 667844 | 8893 | SH |  | SOLE |  | 0 | 0 | 8893 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 |  | 2879091 | 57639 | SH |  | SOLE |  | 0 | 0 | 57639 |
| VANGUARD MALVERN FDS | CORE-PLUS BD ETF | 922020755 |  | 6834794 | 88090 | SH |  | SOLE |  | 0 | 0 | 88090 |
| VANGUARD MUN BD FDS | CORE TAX EXEMPT | 922907712 |  | 260171 | 3462 | SH |  | SOLE |  | 0 | 0 | 3462 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 1179588 | 23644 | SH |  | SOLE |  | 0 | 0 | 23644 |
| VANGUARD MUN BD FDS | INTERMEDIATE TRM | 922907738 |  | 236894 | 2370 | SH |  | SOLE |  | 0 | 0 | 2370 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 504751 | 6546 | SH |  | SOLE |  | 0 | 0 | 6546 |
| VISA INC | COM CL A | 92826C839 |  | 216727 | 717 | SH |  | SOLE |  | 0 | 0 | 717 |
| WARRIOR MET COAL INC | COM | 93627C101 |  | 675824 | 7255 | SH |  | SOLE |  | 0 | 0 | 7255 |
| WILLIAMS SONOMA INC | COM | 969904101 |  | 3873854 | 21246 | SH |  | SOLE |  | 0 | 0 | 21246 |
| WILLIS LEASE FIN CORP | COM | 970646105 |  | 215890 | 1268 | SH |  | SOLE |  | 0 | 0 | 1268 |
| XPEL INC | COM | 98379L100 |  | 400907 | 9058 | SH |  | SOLE |  | 0 | 0 | 9058 |
| YELP INC | CL A | 985817105 |  | 283669 | 11466 | SH |  | SOLE |  | 0 | 0 | 11466 |

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