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Smead Capital Management Portfolio holdings

AUM $4.6B
1-Year Est. Return 27.56%
This Fund
S&P 500
This Quarter Est. Return
+0.34%
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
$4.9B
AUM Growth
-$136M
Cap. Flow
-$78.3M
Cap. Flow %
-1.6%
Top 10 Hldgs %
60.35%
Holding
30
New
2
Increased
6
Reduced
22
Closed
–

Top Buys

Rank Stock Value
1
DVN icon
Devon Energy
DVN
+$36M
2
WFG icon
West Fraser Timber
WFG
+$7.75M
3
APA icon
APA Corp
APA
+$6.91M
4
OVV icon
Ovintiv
OVV
+$6.16M
5
GOOS
Canada Goose Holdings
GOOS
+$3.87M

Top Sells

Rank Stock Value
1
OXY icon
Occidental Petroleum
OXY
+$14M
2
LEN icon
Lennar Class A
LEN
+$12.2M
3
DHI icon
D.R. Horton
DHI
+$11.6M
4
MRK icon
Merck
MRK
+$10.8M
5
AXP icon
American Express
AXP
+$9.89M

Sector Composition

Rank Sector Weight
1 Energy 27.53%
2 Consumer Discretionary 23.35%
3 Financials 15.82%
4 Healthcare 13.15%
5 Real Estate 9.76%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OXY icon
1
Occidental Petroleum
OXY
$57B
$440M 8.99%
6,789,203
-221,775
-3% -$14M
LEN icon
2
Lennar Class A
LEN
$20.4B
$327M 6.67%
3,007,990
-103,950
-3% -$12.2M
DHI icon
3
D.R. Horton
DHI
$41B
$301M 6.15%
2,803,574
-97,004
-3% -$11.6M
MRK icon
4
Merck
MRK
$324B
$300M 6.12%
2,910,900
-99,873
-3% -$10.8M
AMGN icon
5
Amgen
AMGN
$203B
$298M 6.09%
1,110,324
-38,229
-3% -$9.54M
COP icon
6
ConocoPhillips
COP
$147B
$279M 5.7%
2,332,225
-80,182
-3% -$9.31M
OVV icon
7
Ovintiv
OVV
$17.5B
$263M 5.36%
5,524,515
+136,016
+3% +$6.16M
AXP icon
8
American Express
AXP
$223B
$262M 5.35%
1,758,208
-60,484
-3% -$9.89M
SPG icon
9
Simon Property Group
SPG
$74.5B
$253M 5.16%
2,339,906
-79,094
-3% -$9.26M
NVR icon
10
NVR
NVR
$17.2B
$234M 4.77%
39,204
-1,264
-3% -$7.85M
MAC icon
11
Macerich
MAC
$7.32B
$226M 4.6%
20,677,213
-341,634
-2% -$4.08M
JPM icon
12
JPMorgan Chase
JPM
$939B
$200M 4.09%
1,381,429
-44,254
-3% -$6.63M
APA icon
13
APA Corp
APA
$12.8B
$189M 3.87%
4,609,497
+167,934
+4% +$6.91M
BAC icon
14
Bank of America
BAC
$435B
$163M 3.34%
5,969,860
-192,745
-3% -$5.7M
DVN icon
15
Devon Energy
DVN
$51.9B
$156M 3.18%
3,264,859
+714,505
+28% +$36M
EBAY icon
16
eBay
EBAY
$48.6B
$143M 2.92%
3,247,100
-104,306
-3% -$4.65M
TGT icon
17
Target
TGT
$62.1B
$138M 2.82%
1,251,204
-40,263
-3% -$5.11M
HD icon
18
Home Depot
HD
$332B
$136M 2.77%
450,055
-14,497
-3% -$4.66M
WBD icon
19
Warner Bros
WBD
$64.6B
$128M 2.62%
11,823,222
-381,207
-3% -$4.76M
UHAL.B icon
20
U-Haul Holding Co Series N
UHAL.B
$12.2B
$111M 2.26%
2,116,253
-10,565
-0.5% -$573K
CACC icon
21
Credit Acceptance
CACC
$6B
$84.3M 1.72%
183,139
-3,868
-2% -$1.96M
QCOM icon
22
Qualcomm
QCOM
$176B
$82.4M 1.68%
742,346
-23,877
-3% -$2.77M
BRK.B icon
23
Berkshire Hathaway Class B
BRK.B
$1.07T
$64.7M 1.32%
184,814
-5,922
-3% -$2.1M
PFE icon
24
Pfizer
PFE
$140B
$46.4M 0.95%
1,397,536
-44,911
-3% -$1.59M
UHAL icon
25
U-Haul Holding Co
UHAL
$14B
$28.9M 0.59%
529,912
-20,303
-4% -$1.18M
1
2

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Smead Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Smead Capital Management held 30 positions worth $4.9B, down 2.7% from $5.04B the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Smead Capital Management's Q3 2023 filing shows 2 new, 6 increased and 22 reduced positions. Its largest new stake was West Fraser Timber: 98,579 shares worth $7.16M. The largest sale was Occidental Petroleum, an estimated $14M.

By sector, the portfolio is most concentrated in Energy at 28% of assets, up from 23% a quarter earlier, followed by Consumer Discretionary and Financials.

  • Smead Capital Management's largest Q3 2023 buy was West Fraser Timber: 98,579 shares worth $7.16M.
  • Smead Capital Management added most to Devon Energy in Q3 2023, an estimated $36M increase.
  • Smead Capital Management's biggest Q3 2023 reduction was Occidental Petroleum, cutting an estimated $14M.
  • Smead Capital Management's ten largest holdings make up 60% of its $4.9B portfolio in Q3 2023.
  • Smead Capital Management opened 2 new positions and closed 0 in Q3 2023.
  • Smead Capital Management's portfolio value fell 2.7% quarter-over-quarter to $4.9B.

Based on Smead Capital Management's 13F filing for Q3 2023, filed 13 Nov 2023.