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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
+19.84%
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
$2.27B
AUM Growth
+$542M
(+31%)
Cap. Flow
+$212M
Cap. Flow
% of AUM
9.33%
Top 10 Holdings %
Top 10 Hldgs %
51.81%
Holding
37
New
5
Increased
23
Reduced
7
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Merck
MRK
|
+$60.7M |
| 2 |
DISCK
Discovery, Inc. Series C Common Stock
DISCK
|
+$51.7M |
| 3 |
WBA
Walgreens Boots Alliance
WBA
|
+$33.2M |
| 4 |
Macerich
MAC
|
+$27.6M |
| 5 |
CLR
CONTINENTAL RESOURCES INC.
CLR
|
+$26.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Warner Bros
WBD
|
+$110M |
| 2 |
Walt Disney
DIS
|
+$11M |
| 3 |
Target
TGT
|
+$9.46M |
| 4 |
Accenture
ACN
|
+$9.4M |
| 5 |
Starbucks
SBUX
|
+$4.47M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 25.73% |
| 2 | Financials | 19.01% |
| 3 | Healthcare | 13.77% |
| 4 | Communication Services | 8.09% |
| 5 | Real Estate | 7.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Lennar Class A
LEN
$20.4B
| $146M | 6.41% |
1,485,482
+134,673
| +10% | +$11.3M |
|
2
American Express
AXP
$223B
| $132M | 5.82% |
935,430
+83,166
| +10% | +$11M |
|
|
3
Target
TGT
$62.1B
| $131M | 5.78% |
662,596
-50,534
| -7% | -$9.46M |
|
4
NVR
NVR
$17.2B
| $124M | 5.47% |
26,366
+468
| +2% | +$2.1M |
|
5
Amgen
AMGN
$203B
| $116M | 5.09% |
464,622
+71,336
| +18% | +$17M |
|
|
6
Merck
MRK
$324B
| $115M | 5.05% |
1,559,419
+822,494
| +112% | +$60.7M |
|
|
CLR
7
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $109M | 4.81% |
4,222,846
+1,129,084
| +36% | +$26.5M |
|
8
JPMorgan Chase
JPM
$939B
| $107M | 4.72% |
704,843
+58,504
| +9% | +$8.42M |
|
9
Bank of America
BAC
$435B
| $100M | 4.41% |
2,587,580
+220,458
| +9% | +$7.61M |
|
10
eBay
EBAY
$48.6B
| $96.9M | 4.26% |
1,582,180
+118,193
| +8% | +$6.85M |
|
11
Simon Property Group
SPG
$74.5B
| $93.2M | 4.1% |
819,521
+218,060
| +36% | +$22.7M |
|
12
Chevron
CVX
$388B
| $86.1M | 3.79% |
821,294
+249,132
| +44% | +$24.3M |
|
13
D.R. Horton
DHI
$41B
| $84.1M | 3.7% |
943,468
+211,083
| +29% | +$16.5M |
|
|
14
Macerich
MAC
$7.32B
| $82.4M | 3.63% |
7,044,224
+2,061,996
| +41% | +$27.6M |
|
15
Home Depot
HD
$332B
| $73.3M | 3.23% |
240,294
-12,830
| -5% | -$3.54M |
|
16
ConocoPhillips
COP
$147B
| $71.2M | 3.13% |
1,344,410
+267,253
| +25% | +$13.2M |
|
17
Comcast
CMCSA
$79.1B
| $70M | 3.08% |
1,294,400
+101,287
| +8% | +$5.35M |
|
|
18
Warner Bros
WBD
$64.6B
| $68.7M | 3.02% |
1,579,967
-2,196,281
| -58% | -$110M |
|
19
U-Haul Holding Co
UHAL
$14B
| $62M | 2.73% |
1,012,310
+85,710
| +9% | +$4.56M |
|
20
Berkshire Hathaway Class B
BRK.B
$1.07T
| $60.2M | 2.65% |
235,582
+19,398
| +9% | +$4.71M |
|
21
Qualcomm
QCOM
$176B
| $53.3M | 2.34% |
401,789
-27,227
| -6% | -$3.93M |
|
22
Pfizer
PFE
$140B
| $45.6M | 2.01% |
1,258,903
+99,969
| +9% | +$3.55M |
|
|
DISCK
23
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $45M | 1.98% |
+1,218,844
| New | +$51.7M |
|
|
24
Walt Disney
DIS
$165B
| $44.9M | 1.97% |
243,130
-59,554
| -20% | -$11M |
|
|
WBA
25
DELISTED
Walgreens Boots Alliance
WBA
| $36.9M | 1.62% |
+671,563
| New | +$33.2M |
|
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Smead Capital Management's Q1 2021 Portfolio in Review
As of Q1 2021, Smead Capital Management held 37 positions worth $2.27B, up 31% from $1.73B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Smead Capital Management deployed $212M of net new capital in Q1 2021, opening 5 new positions and adding to 23 existing holdings. Its largest new stake was Discovery, Inc. Series C Common Stock: 1,218,844 shares worth $45M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 26% of assets, down from 26% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Warner Bros, an estimated $110M trimmed.
- Smead Capital Management's largest Q1 2021 buy was Discovery, Inc. Series C Common Stock: 1,218,844 shares worth $45M.
- Smead Capital Management added most to Merck in Q1 2021, an estimated $60.7M increase.
- Smead Capital Management's biggest Q1 2021 reduction was Warner Bros, cutting an estimated $110M.
- Smead Capital Management fully exited Viatris in Q1 2021, selling an estimated $2.69M.
- Smead Capital Management's ten largest holdings make up 52% of its $2.27B portfolio in Q1 2021.
- Smead Capital Management opened 5 new positions and closed 2 in Q1 2021.
- Smead Capital Management's portfolio value rose 31% quarter-over-quarter to $2.27B.
Based on Smead Capital Management's 13F filing for Q1 2021, filed 4 May 2021.