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SCM
Smead Capital Management Portfolio holdings
AUM
$4.6B
1-Year Est. Return
27.56%
This Fund
S&P 500
This Quarter
Est. Return
+6.47%
1 Year Est. Return
+27.56%
3 Year Est. Return
+64.97%
5 Year Est. Return
+125.46%
10 Year Est. Return
+462.58%
AUM
$1.97B
AUM Growth
-$129M
(-6.1%)
Cap. Flow
-$168M
Cap. Flow
% of AUM
-8.51%
Top 10 Holdings %
Top 10 Hldgs %
53.95%
Holding
31
New
2
Increased
6
Reduced
22
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class A
BRK.A
|
+$46.2M |
| 2 |
ESRX
Express Scripts Holding Company
ESRX
|
+$25.6M |
| 3 |
Lennar Class A
LEN
|
+$25.4M |
| 4 |
Cencora
COR
|
+$20M |
| 5 |
Alaska Air
ALK
|
+$6.94M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
News Corp Class A
NWSA
|
+$51M |
| 2 |
GCI
Gannett Co., Inc
GCI
|
+$29.1M |
| 3 |
Amgen
AMGN
|
+$15.5M |
| 4 |
NVR
NVR
|
+$15.2M |
| 5 |
JPMorgan Chase
JPM
|
+$15M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 36.9% |
| 2 | Healthcare | 23.49% |
| 3 | Consumer Discretionary | 20.16% |
| 4 | Communication Services | 14.23% |
| 5 | Technology | 2.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
JPMorgan Chase
JPM
$939B
| $126M | 6.38% |
1,458,103
-197,116
| -12% | -$15M |
|
|
2
NVR
NVR
$17.2B
| $123M | 6.22% |
73,500
-9,493
| -11% | -$15.2M |
|
|
3
Berkshire Hathaway Class B
BRK.B
$1.07T
| $117M | 5.94% |
718,835
-94,243
| -12% | -$14.5M |
|
4
Bank of America
BAC
$435B
| $117M | 5.93% |
5,285,954
-672,199
| -11% | -$12.9M |
|
|
5
Amgen
AMGN
$203B
| $109M | 5.55% |
748,412
-103,270
| -12% | -$15.5M |
|
6
American Express
AXP
$223B
| $103M | 5.24% |
1,395,142
-182,194
| -12% | -$12.6M |
|
7
Aflac
AFL
$63.9B
| $96.3M | 4.88% |
2,766,420
-361,548
| -12% | -$12.7M |
|
8
eBay
EBAY
$48.6B
| $95.7M | 4.86% |
3,223,639
-404,301
| -11% | -$11.9M |
|
|
TGNA
9
DELISTED
TEGNA Inc
TGNA
| $90.8M | 4.61% |
6,630,259
-920,589
| -12% | -$12.5M |
|
10
Wells Fargo
WFC
$261B
| $85.4M | 4.33% |
1,549,175
-203,878
| -12% | -$10.3M |
|
11
PayPal
PYPL
$49.5B
| $81.9M | 4.16% |
2,076,212
-260,601
| -11% | -$10.5M |
|
12
Walt Disney
DIS
$165B
| $75.8M | 3.84% |
726,960
-65,890
| -8% | -$6.42M |
|
13
Home Depot
HD
$332B
| $70.6M | 3.58% |
526,496
-67,502
| -11% | -$8.7M |
|
14
Merck
MRK
$324B
| $70.2M | 3.56% |
1,249,302
-160,342
| -11% | -$9.38M |
|
15
Comcast
CMCSA
$79.1B
| $66.9M | 3.39% |
1,936,700
-255,446
| -12% | -$8.53M |
|
16
Pfizer
PFE
$140B
| $65.2M | 3.31% |
2,117,219
-282,549
| -12% | -$8.63M |
|
|
WBA
17
DELISTED
Walgreens Boots Alliance
WBA
| $60.7M | 3.08% |
733,510
+29,553
| +4% | +$2.44M |
|
18
Accenture
ACN
$89.9B
| $58.6M | 2.97% |
500,305
-64,708
| -11% | -$7.68M |
|
|
ESRX
19
DELISTED
Express Scripts Holding Company
ESRX
| $54.1M | 2.75% |
786,848
+357,866
| +83% | +$25.6M |
|
|
20
Lennar Class A
LEN
$20.4B
| $47.7M | 2.42% |
1,167,055
+626,813
| +116% | +$25.4M |
|
|
CAB
21
DELISTED
Cabela's Inc
CAB
| $45M | 2.28% |
768,439
-226,054
| -23% | -$14M |
|
|
22
Alaska Air
ALK
$5.15B
| $40.3M | 2.05% |
454,422
+88,117
| +24% | +$6.94M |
|
|
JWN
23
DELISTED
Nordstrom
JWN
| $38.9M | 1.97% |
811,722
-113,371
| -12% | -$6.16M |
|
24
Johnson & Johnson
JNJ
$635B
| $38.3M | 1.94% |
332,367
-42,892
| -11% | -$4.95M |
|
|
GCI
25
DELISTED
Gannett Co., Inc
GCI
| $24.9M | 1.26% |
2,560,853
-2,969,759
| -54% | -$29.1M |
|
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Smead Capital Management's Q4 2016 Portfolio in Review
As of Q4 2016, Smead Capital Management held 31 positions worth $1.97B, down 6.1% from $2.1B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Smead Capital Management withdrew a net $168M in Q4 2016, closing 1 position and reducing 22 holdings. Its most notable exit was News Corp Class A, an estimated $51M position sold in full.
By sector, the portfolio is most concentrated in Financials at 37% of assets, up from 34% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Smead Capital Management opened a new position in Berkshire Hathaway Class A worth $488K.
- Smead Capital Management's largest Q4 2016 buy was Berkshire Hathaway Class A: 200 shares worth $488K.
- Smead Capital Management added most to Express Scripts Holding Company in Q4 2016, an estimated $25.6M increase.
- Smead Capital Management's biggest Q4 2016 reduction was Gannett Co., Inc, cutting an estimated $29.1M.
- Smead Capital Management fully exited News Corp Class A in Q4 2016, selling an estimated $51M.
- Smead Capital Management's ten largest holdings make up 54% of its $1.97B portfolio in Q4 2016.
- Smead Capital Management opened 2 new positions and closed 1 in Q4 2016.
- Smead Capital Management's portfolio value fell 6.1% quarter-over-quarter to $1.97B.
Based on Smead Capital Management's 13F filing for Q4 2016, filed 8 Feb 2017.