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Smead Capital Management’s Devon Energy DVN Stock Holding History

Smead Capital Management’s Portfolio DVN Stock Details DVN Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2025
Q4 		– Sell
-1,478,887
Closed -$51.8M – 33
2025
Q3 		$51.8M Sell
1,478,887
-921,799
-38% -$31.4M 1% 29
2025
Q2 		$76.4M Sell
2,400,686
-3,305,636
-58% -$105M 1.53% 26
2025
Q1 		$213M Sell
5,706,322
-28,031
-0.5% -$995K 3.66% 17
2024
Q4 		$188M Sell
5,734,353
-145,163
-2% -$5.47M 2.91% 19
2024
Q3 		$230M Buy
5,879,516
+198,193
+3% +$8.73M 3.28% 17
2024
Q2 		$269M Buy
5,681,323
+297,913
+6% +$14.8M 4.2% 13
2024
Q1 		$270M Buy
5,383,410
+1,572,118
+41% +$69.8M 4.21% 12
2023
Q4 		$173M Buy
3,811,292
+546,433
+17% +$25M 3.09% 15
2023
Q3 		$156M Buy
3,264,859
+714,505
+28% +$36M 3.18% 15
2023
Q2 		$123M Buy
2,550,354
+1,502,925
+143% +$75.6M 2.45% 19
2023
Q1 		$53M Buy
+1,047,429
New +$59.6M 1.06% 25

Other funds holding DVN

Vanguard Group
Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return
BlackRock
BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return
Geode Capital Management
Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return
Victory Capital Management
Victory Capital Management San Antonio, Texas $178B AUM 37.23% 1-Year Est. Return
EECFX
EnCap Energy Capital Fund XI Houston, Texas $1.14B AUM 5.31% 1-Year Est. Return
Morgan Stanley
Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return
EP
EnCap Partners Houston, Texas $383M AUM 10.44% 1-Year Est. Return
Dimensional Fund Advisors
Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return
KEM
Kimmeridge Energy Management New York $849M AUM 37.55% 1-Year Est. Return

Smead Capital Management's DVN Position: Q4 2025 in Review

Smead Capital Management sold out of Devon Energy (DVN) in Q4 2025, closing a stake of 1,478,887 shares — an estimated $51.8M sold.

Smead Capital Management first reported a position in DVN in Q1 2023 and held it in 11 quarters. The position peaked at $270M in Q1 2024. 1,142 funds tracked by Wall St. Rank hold DVN as of Q4 2025.

  • Smead Capital Management reported no remaining Devon Energy position as of Q4 2025 after selling out during the quarter.
  • Smead Capital Management sold 1,478,887 Devon Energy shares in Q4 2025, an estimated $51.8M.
  • Smead Capital Management first reported a position in Devon Energy in Q1 2023 and held it in 11 quarters.
  • Smead Capital Management's Devon Energy position peaked at $270M in Q1 2024.
  • 1,142 funds tracked by Wall St. Rank held Devon Energy as of Q4 2025.

Based on Smead Capital Management's 13F filing for Q4 2025, filed 9 Feb 2026.