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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
-29.21%
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
$1.41B
AUM Growth
-$839M
(-37%)
Cap. Flow
-$189M
Cap. Flow
% of AUM
-13.39%
Top 10 Holdings %
Top 10 Hldgs %
58.5%
Holding
33
New
5
Increased
7
Reduced
16
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chevron
CVX
|
+$61.4M |
| 2 |
D.R. Horton
DHI
|
+$47.4M |
| 3 |
Macerich
MAC
|
+$36.4M |
| 4 |
Simon Property Group
SPG
|
+$34.2M |
| 5 |
Wells Fargo
WFC
|
+$24.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Occidental Petroleum
OXY
|
+$92.7M |
| 2 |
Aflac
AFL
|
+$84M |
| 3 |
WBA
Walgreens Boots Alliance
WBA
|
+$80.9M |
| 4 |
NVR
NVR
|
+$24M |
| 5 |
Cummins
CMI
|
+$23.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 26.08% |
| 2 | Consumer Discretionary | 24.34% |
| 3 | Healthcare | 15.82% |
| 4 | Communication Services | 13.75% |
| 5 | Consumer Staples | 7.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Amgen
AMGN
$203B
| $108M | 7.63% |
530,631
-103,508
| -16% | -$22.6M |
|
2
Target
TGT
$62.1B
| $105M | 7.48% |
1,133,574
-195,126
| -15% | -$21.7M |
|
3
Warner Bros
WBD
$64.6B
| $90.5M | 6.42% |
4,653,012
+198,124
| +4% | +$5.44M |
|
|
4
NVR
NVR
$17.2B
| $90.2M | 6.4% |
35,095
-6,686
| -16% | -$24M |
|
5
American Express
AXP
$223B
| $88.7M | 6.29% |
1,035,675
-36,808
| -3% | -$4.28M |
|
6
Home Depot
HD
$332B
| $75.3M | 5.35% |
403,556
-23,771
| -6% | -$5.22M |
|
7
JPMorgan Chase
JPM
$939B
| $71.4M | 5.07% |
793,602
-27,681
| -3% | -$3.36M |
|
8
Merck
MRK
$324B
| $67.8M | 4.81% |
923,610
-46,214
| -5% | -$3.63M |
|
9
Berkshire Hathaway Class B
BRK.B
$1.07T
| $66.2M | 4.7% |
362,297
-20,109
| -5% | -$4.27M |
|
10
Bank of America
BAC
$435B
| $61.6M | 4.37% |
2,899,992
-94,113
| -3% | -$2.82M |
|
11
Lennar Class A
LEN
$20.4B
| $61M | 4.33% |
1,649,618
+121,315
| +8% | +$6.87M |
|
|
12
Wells Fargo
WFC
$261B
| $56.8M | 4.03% |
1,979,590
+574,202
| +41% | +$24.4M |
|
13
eBay
EBAY
$48.6B
| $52.5M | 3.72% |
1,746,452
+233,408
| +15% | +$8.13M |
|
14
Walt Disney
DIS
$165B
| $52.2M | 3.7% |
540,647
-110,219
| -17% | -$13.9M |
|
15
Comcast
CMCSA
$79.1B
| $51.1M | 3.62% |
1,485,470
-75,472
| -5% | -$3.18M |
|
16
Qualcomm
QCOM
$176B
| $49.5M | 3.51% |
731,444
-23,267
| -3% | -$1.91M |
|
17
Pfizer
PFE
$140B
| $47.6M | 3.38% |
1,537,495
-85,180
| -5% | -$2.9M |
|
|
18
Chevron
CVX
$388B
| $45M | 3.19% |
+620,929
| New | +$61.4M |
|
19
Accenture
ACN
$89.9B
| $43.2M | 3.07% |
264,722
-65,590
| -20% | -$12.6M |
|
|
20
D.R. Horton
DHI
$41B
| $31.1M | 2.2% |
+913,229
| New | +$47.4M |
|
|
21
Macerich
MAC
$7.32B
| $23.4M | 1.66% |
4,151,063
+1,829,823
| +79% | +$36.4M |
|
22
Booking.com
BKNG
$138B
| $22.3M | 1.58% |
414,475
+124,200
| +43% | +$8.72M |
|
|
23
Simon Property Group
SPG
$74.5B
| $15.7M | 1.11% |
+285,638
| New | +$34.2M |
|
24
Credit Acceptance
CACC
$6B
| $14.4M | 1.02% |
+56,397
| New | +$22.7M |
|
25
Starbucks
SBUX
$118B
| $10.7M | 0.76% |
162,730
-135,229
| -45% | -$10.9M |
|
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Smead Capital Management's Q1 2020 Portfolio in Review
As of Q1 2020, Smead Capital Management held 33 positions worth $1.41B, down 37% from $2.25B the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Smead Capital Management withdrew a net $189M in Q1 2020, closing 5 positions and reducing 16 holdings. Its most notable exit was Occidental Petroleum, an estimated $92.7M position sold in full.
By sector, the portfolio is most concentrated in Financials at 26% of assets, down from 28% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Smead Capital Management opened a new position in Chevron worth $45M.
- Smead Capital Management's largest Q1 2020 buy was Chevron: 620,929 shares worth $45M.
- Smead Capital Management added most to Macerich in Q1 2020, an estimated $36.4M increase.
- Smead Capital Management's biggest Q1 2020 reduction was NVR, cutting an estimated $24M.
- Smead Capital Management fully exited Occidental Petroleum in Q1 2020, selling an estimated $92.7M.
- Smead Capital Management's ten largest holdings make up 59% of its $1.41B portfolio in Q1 2020.
- Smead Capital Management opened 5 new positions and closed 5 in Q1 2020.
- Smead Capital Management's portfolio value fell 37% quarter-over-quarter to $1.41B.
Based on Smead Capital Management's 13F filing for Q1 2020, filed 30 Apr 2020.