Smead Capital Management’s Frontline FRO Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$21.4M	Buy	610,694 +23,965	+4%	+$732K	0.47%	28
2025 Q4	$12.9M	Sell	586,729 -3,537	-0.6%	-$82.7K	0.27%	28
2025 Q3	$13.5M	Hold	590,266	–	–	0.26%	30
2025 Q2	$9.75M	Sell	590,266 -94,804	-14%	-$1.61M	0.2%	29
2025 Q1	$10M	Sell	685,070 -9,374	-1%	-$155K	0.17%	31
2024 Q4	$9.55M	Buy	694,444 +23,863	+4%	+$447K	0.15%	31
2024 Q3	$15.2M	Buy	670,581 +32,531	+5%	+$766K	0.22%	28
2024 Q2	$16.7M	Buy	638,050 +23,324	+4%	+$594K	0.26%	29
2024 Q1	$14M	Buy	614,726 +113,899	+23%	+$2.57M	0.22%	29
2023 Q4	$10M	Buy	500,827 +13,376	+3%	+$276K	0.18%	30
2023 Q3	$8.98M	Buy	487,451 +18,582	+4%	+$313K	0.18%	28
2023 Q2	$6.75M	Buy	468,869 +3,548	+0.8%	+$53K	0.13%	28
2023 Q1	$7.61M	Buy	+465,321	New	+$7.32M	0.15%	29
2022 Q4	–	Sell	-311,195	Closed	-$3.45M	–	27
2022 Q3	$3.45M	Buy	311,195 +14,290	+5%	+$157K	0.09%	26
2022 Q2	$2.66M	Buy	+296,905	New	+$2.69M	0.07%	29