Smead Capital Management, Inc.
CIK 0001427008
Annualised vol
13.478831%
Beta
0.508107
HHI
437.061936
Top-10 weight
54.187439%
VaR 95%
1.159975%
VaR 99%
2.311499%
Max drawdown
32.605844%
Matched value
75.139654%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| CVE | REDUCED | 13,370,631 | 14,868,003 | -10.07% | 331,448,279 |
| MRK | REDUCED | 2,334,468 | 2,471,398 | -5.54% | 299,979,141 |
| MAC | REDUCED | 11,481,712 | 12,155,332 | -5.54% | 289,224,315 |
| APA | REDUCED | 7,808,568 | 8,269,815 | -5.58% | 254,325,060 |
| AMGN | REDUCED | 659,241 | 697,919 | -5.54% | 238,724,236 |
| AXP | REDUCED | 569,063 | 602,643 | -5.57% | 192,485,405 |
| NVR | ADDED | 28,248 | 21,538 | 31.15% | 192,467,935 |
| TGT | REDUCED | 1,409,966 | 1,492,670 | -5.54% | 184,155,643 |
| LEN | ADDED | 2,020,441 | 1,586,225 | 27.37% | 182,829,716 |
| FITB | ADDED | 3,171,824 | 2,831,423 | 12.02% | 178,795,730 |
| FANG | REDUCED | 1,009,989 | 1,069,328 | -5.55% | 177,535,807 |
| COP | REDUCED | 1,577,846 | 1,671,303 | -5.59% | 164,032,850 |
| UNH | REDUCED | 328,414 | 347,102 | -5.38% | 136,498,628 |
| JPM | REDUCED | 392,900 | 416,094 | -5.57% | 128,608,001 |
| UHAL | REDUCED | 2,031,260 | 2,146,425 | -5.37% | 117,203,697 |
| HD | REDUCED | 290,159 | 307,339 | -5.59% | 102,333,258 |
| EBAY | REDUCED | 815,923 | 1,771,494 | -53.94% | 91,179,346 |
| ZTS | NEW | 1,233,210 | - | - | 88,618,456 |
| CROX | REDUCED | 489,245 | 517,170 | -5.4% | 59,022,491 |
| ULTA | REDUCED | 117,976 | 124,895 | -5.54% | 53,204,621 |
| FRO | ADDED | 633,773 | 610,694 | 3.78% | 21,978,273 |
| GTX | ADDED | 275,064 | 254,910 | 7.91% | 9,965,569 |
| WFG | ADDED | 123,878 | 114,778 | 7.93% | 8,378,083 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| CVE | REDUCED | CENOVUS ENERGY INC | COM | 15135U109 | 331,448,279 | 7.11 | 1.3370631E7 |
| - | SIMON PPTY GROUP INC NEW | COM | 828806109 | 313,048,462 | 6.71 | 1399725.0 | |
| MRK | REDUCED | MERCK & CO INC | COM | 58933Y105 | 299,979,141 | 6.43 | 2334468.0 |
| MAC | REDUCED | MACERICH CO | COM | 554382101 | 289,224,315 | 6.2 | 1.1481712E7 |
| APA | REDUCED | APA CORPORATION | COM | 03743Q108 | 254,325,060 | 5.46 | 7808568.0 |
| AMGN | REDUCED | AMGEN INC | COM | 031162100 | 238,724,236 | 5.12 | 659241.0 |
| - | D R HORTON INC | COM | 23331A109 | 230,348,292 | 4.94 | 1414221.0 | |
| AXP | REDUCED | AMERICAN EXPRESS CO | COM | 025816109 | 192,485,405 | 4.13 | 569063.0 |
| NVR | ADDED | NVR INC | COM | 62944T105 | 192,467,935 | 4.13 | 28248.0 |
| TGT | REDUCED | TARGET CORP | COM | 87612E106 | 184,155,643 | 3.95 | 1409966.0 |
| LEN | ADDED | LENNAR CORP | CL A | 526057104 | 182,829,716 | 3.92 | 2020441.0 |
| FITB | ADDED | FIFTH THIRD BANCORP | COM | 316773100 | 178,795,730 | 3.84 | 3171824.0 |
| FANG | REDUCED | DIAMONDBACK ENERGY INC | COM | 25278X109 | 177,535,807 | 3.81 | 1009989.0 |
| COP | REDUCED | CONOCOPHILLIPS | COM | 20825C104 | 164,032,850 | 3.52 | 1577846.0 |
| - | BANK OF AMER CORP | COM | 060505104 | 148,537,359 | 3.19 | 2606833.0 | |
| - | OCCIDENTAL PETE CORP | COM | 674599105 | 140,366,556 | 3.01 | 2889985.0 | |
| UNH | REDUCED | UNITEDHEALTH GROUP INC | COM | 91324P102 | 136,498,628 | 2.93 | 328414.0 |
| - | WESTERN ALLIANCE BANCORP | COM | 957638109 | 131,082,512 | 2.81 | 1594678.0 | |
| JPM | REDUCED | JPMORGAN CHASE & CO | COM | 46625H100 | 128,608,001 | 2.76 | 392900.0 |
| - | CREDIT ACCEP CORP MICH | COM | 225310101 | 126,589,081 | 2.72 | 198808.0 | |
| UHAL | REDUCED | U HAUL HOLDING COMPANY | COM SER N | 023586506 | 117,203,697 | 2.51 | 2031260.0 |
| HD | REDUCED | HOME DEPOT INC | COM | 437076102 | 102,333,258 | 2.2 | 290159.0 |
| EBAY | REDUCED | EBAY INC. | COM | 278642103 | 91,179,346 | 1.96 | 815923.0 |
| ZTS | NEW | ZOETIS INC | CL A | 98978V103 | 88,618,456 | 1.9 | 1233210.0 |
| - | M & T BK CORP | COM | 55261F104 | 66,070,229 | 1.42 | 277594.0 | |
| CROX | REDUCED | CROCS INC | COM | 227046109 | 59,022,491 | 1.27 | 489245.0 |
| ULTA | REDUCED | ULTA BEAUTY INC | COM | 90384S303 | 53,204,621 | 1.14 | 117976.0 |
| FRO | ADDED | FRONTLINE PLC | COM | M46528101 | 21,978,273 | 0.47 | 633773.0 |
| GTX | ADDED | GARRETT MOTION INC | COM | 366505105 | 9,965,569 | 0.21 | 275064.0 |
| WFG | ADDED | WEST FRASER TIMBER CO LTD | COM | 952845105 | 8,378,083 | 0.18 | 123878.0 |
| - | OCCIDENTAL PETE CORP | *W EXP 08/03/202 | 674599162 | 1,740,137 | 0.04 | 65345.0 | |
| - | ISHARES TR | RUS 1000 VAL ETF | 464287598 | 1,201,387 | 0.03 | 4956.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-11 | 4,661,978,555 | 32 | 13.478831 | 0.508107 | 32.605844 |
| 2026-03-31 | 2026-05-14 | 4,597,098,186 | 32 | 14.19361 | 0.509252 | 34.437254 |
| 2025-12-31 | 2026-02-09 | 4,819,072,027 | 32 | 13.487778 | 0.513349 | 32.293793 |
| 2025-09-30 | 2025-11-10 | 5,176,426,909 | 34 | 13.63547 | 0.513629 | 33.062448 |
| 2025-03-31 | 2025-05-14 | 5,833,381,475 | 34 | 12.715595 | 0.480098 | 30.237542 |
| 2024-12-31 | 2025-02-12 | 6,450,282,777 | 34 | 12.78583 | 0.485158 | 30.220396 |