Smead Capital Management, Inc.
CIK 1427008 · View on SEC EDGAR ↗
- Portfolio value
- $4.7B
- Positions
- 32
- As of
- June 30, 2026
#850 of 9,443 by 13F value · top 9.0%
Portfolio value QoQ: +1.4% 13F does not disclose cash
- Top 10 holdings weight
- 54.19%
- Top 25 holdings weight
- 96.66%
- Positions above 1%
- 27
- Effective number of positions
- 22.9
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 4.64% Est. buys $214,616,620 · sells $436,656,548
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 80.0% still held
- New positions
- 1
- Increased
- 7
- Decreased
- 24
- Closed
- 1
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Annualized: +17.3% · S&P 500: +18.0%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 96.8% · Options excluded: 0.0%
Sector breakdown
Energy
23.4%
Healthcare
16.4%
Financials
14.0%
Consumer products
13.0%
Real Estate
12.9%
Retail
9.2%
Financial Services
6.8%
Consumer Discretionary
1.5%
Paper & Forest
0.2%
Other/Unmapped
2.6%
Full portfolio 32 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| CVE Cenovus Energy Inc Common Stock | $331,448,279 | 7.11% | 13,370,631 | $-63,008,728 | Down ×2 | ||
| SPG Simon Property Group, Inc. Common Stock | $313,048,462 | 6.71% | 1,399,725 | $22,087,742 | Down ×6 | ||
| MRK Merck & Company, Inc. Common Stock (new) | $299,979,141 | 6.43% | 2,334,468 | $2,694,599 | Down ×5 | ||
| MAC Macerich Company (The) Common Stock | $289,224,315 | 6.20% | 11,481,712 | $59,488,529 | Down ×6 | ||
| APA APA Corporation - Common Stock | $254,325,060 | 5.46% | 7,808,568 | $-96,645,912 | Down ×6 | ||
| AMGN Amgen Inc. - Common Stock | $238,724,236 | 5.12% | 659,241 | $-6,838,734 | Down ×6 | ||
| DHI D.R. Horton, Inc. Common Stock | $230,348,292 | 4.94% | 1,414,221 | $24,830,647 | Down ×6 | ||
| AXP American Express Company Common Stock | $192,485,405 | 4.13% | 569,063 | $10,197,804 | Down ×6 | ||
| NVR NVR, Inc. Common Stock | $192,467,935 | 4.13% | 28,248 | $50,532,078 | Up ×1 | ||
| TGT Target Corporation Common Stock | $184,155,643 | 3.95% | 1,409,966 | $3,243,951 | Down ×4 | ||
| LEN Lennar Corporation Class A Common Stock | $182,829,716 | 3.92% | 2,020,441 | $45,081,924 | Up ×1 | ||
| FITB Fifth Third Bancorp - Common Stock | $178,795,730 | 3.84% | 3,171,824 | $47,247,811 | Up ×1 | ||
| FANG Diamondback Energy, Inc. - Common Stock | $177,535,807 | 3.81% | 1,009,989 | $-33,966,673 | Down ×3 | ||
| COP ConocoPhillips Common Stock | $164,032,850 | 3.52% | 1,577,846 | $-56,579,183 | Down ×2 | ||
| BAC Bank of America Corporation Common Stock | $148,537,359 | 3.19% | 2,606,833 | $14,002,739 | Down ×6 | ||
| OXY Occidental Petroleum Corporation Common Stock | $140,366,556 | 3.01% | 2,889,985 | $-60,843,222 | Down ×6 | ||
| UNH UnitedHealth Group Incorporated Common Stock (DE) | $136,498,628 | 2.93% | 328,414 | $42,576,179 | Down ×1 | ||
| WAL Western Alliance Bancorporation Common Stock (DE) | $131,082,512 | 2.81% | 1,594,678 | $35,038,852 | Up ×1 | ||
| JPM JP Morgan Chase & Co. Common Stock | $128,608,001 | 2.76% | 392,900 | $6,209,701 | Down ×6 | ||
| CACC Credit Acceptance Corporation - Common Stock | $126,589,081 | 2.72% | 198,808 | $37,463,299 | Down ×1 | ||
| UHALB | $117,203,697 | 2.51% | 2,031,260 | $21,322,877 | Down ×4 | ||
| HD Home Depot, Inc. (The) Common Stock | $102,333,258 | 2.20% | 290,159 | $1,252,229 | Down ×6 | ||
| EBAY eBay Inc. - Common Stock | $91,179,346 | 1.96% | 815,923 | $-70,062,087 | Down ×6 | ||
| ZTS Zoetis Inc. Class A Common Stock | $88,618,456 | 1.90% | 1,233,210 | Up ×1 | |||
| MTB M&T Bank Corporation Common Stock | $66,070,229 | 1.42% | 277,594 | $5,321,491 | Down ×6 | ||
| CROX Crocs, Inc. - Common Stock | $59,022,491 | 1.27% | 489,245 | $16,086,966 | Down ×3 | ||
| ULTA Ulta Beauty, Inc. - Common Stock | $53,204,621 | 1.14% | 117,976 | $-12,079,755 | Down ×6 | ||
| FRO Frontline Plc Ordinary Shares | $21,978,273 | 0.47% | 633,773 | $562,462 | Up ×2 | ||
| GTX Garrett Motion Inc. - Common Stock | $9,965,569 | 0.21% | 275,064 | $5,333,854 | Up ×2 | ||
| WFG West Fraser Timber Co. Ltd Common stock | $8,378,083 | 0.18% | 123,878 | $884,026 | Up ×2 | ||
| OXYWS | $1,740,137 | 0.04% | 65,345 | $-4,746,815 | Down ×3 | ||
| IWD | $1,201,387 | 0.03% | 4,956 | $-137,237 | Down ×1 | ||
| No matches | |||||||
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| ZTS | $88,618,456 | 1,233,210 | 1.90% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| APA | Trimmed | -461K | -$96.6M |
| EBAY | Trimmed | -956K | -$70.1M |
| CVE | Trimmed | -1.5M | -$63.0M |
| OXY | Trimmed | -206K | -$60.8M |
| MAC | Trimmed | -674K | +$59.5M |
| COP | Trimmed | -93K | -$56.6M |
| NVR | Bought more | +7K | +$50.5M |
| FITB | Bought more | +340K | +$47.2M |
| LEN | Bought more | +434K | +$45.1M |
| UNH | Trimmed | -19K | +$42.6M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| OVV | Dec. 31, 2025 | 3,459,320 | $139,687,344 | 70.5% |
| BRKB | June 30, 2025 | 189,065 | $100,692,204 | No longer tracked |
| QCOM | June 30, 2026 | 545,810 | $70,289,501 | -12.9% |
| SIRI | June 30, 2025 | 2,450,931 | $55,256,250 | 25.5% |
| DVN | Dec. 31, 2025 | 1,478,887 | $51,849,792 | 34.1% |
| MRP | June 30, 2025 | 1,186,210 | $31,446,426 | 7.5% |
| UHAL | June 30, 2025 | 209,649 | $13,702,650 | 18.7% |
| VTV | March 31, 2025 | 4,726 | $800,314 | No longer tracked |
| VTV | Dec. 31, 2025 | 1,317 | $245,564 | No longer tracked |