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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
-4.67%
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
$6.41B
AUM Growth
-$4.37M
Cap. Flow
+$331M
Cap. Flow %
5.16%
Top 10 Hldgs %
54.7%
Holding
32
New
–
Increased
25
Reduced
7
Closed
–

Top Buys

Rank Stock Value
1
CVE icon
Cenovus Energy
CVE
+$136M
2
APA icon
APA Corp
APA
+$49M
3
LEN icon
Lennar Class A
LEN
+$21.2M
4
SPG icon
Simon Property Group
SPG
+$19.6M
5
DHI icon
D.R. Horton
DHI
+$18.7M

Top Sells

Rank Stock Value
1
AXP icon
American Express
AXP
+$43.2M
2
QCOM icon
Qualcomm
QCOM
+$21.8M
3
JPM icon
JPMorgan Chase
JPM
+$17.4M
4
MRK icon
Merck
MRK
+$11.4M
5
OXY.WS icon
Occidental Petroleum Corp Warrants
OXY.WS
+$5.06M

Sector Composition

Rank Sector Weight
1 Energy 26.8%
2 Financials 21.3%
3 Consumer Discretionary 21.29%
4 Healthcare 11.25%
5 Real Estate 10.76%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OXY icon
1
Occidental Petroleum
OXY
$57B
$410M 6.4%
6,506,257
+231,321
+4% +$14.8M
LEN icon
2
Lennar Class A
LEN
$20.4B
$386M 6.03%
2,662,050
+139,585
+6% +$21.2M
SPG icon
3
Simon Property Group
SPG
$74.5B
$384M 6%
2,531,977
+132,832
+6% +$19.6M
MRK icon
4
Merck
MRK
$324B
$366M 5.72%
2,958,823
-88,152
-3% -$11.4M
AXP icon
5
American Express
AXP
$223B
$365M 5.69%
1,574,522
-186,321
-11% -$43.2M
AMGN icon
6
Amgen
AMGN
$203B
$354M 5.53%
1,133,307
+59,456
+6% +$17.5M
DHI icon
7
D.R. Horton
DHI
$41B
$343M 5.35%
2,431,838
+127,519
+6% +$18.7M
BAC icon
8
Bank of America
BAC
$435B
$305M 4.76%
7,667,603
+402,271
+6% +$15.4M
MAC icon
9
Macerich
MAC
$7.32B
$305M 4.76%
19,744,659
+1,035,296
+6% +$15.8M
OVV icon
10
Ovintiv
OVV
$17.5B
$285M 4.46%
6,090,668
+319,472
+6% +$16.1M
JPM icon
11
JPMorgan Chase
JPM
$939B
$275M 4.3%
1,361,980
-89,124
-6% -$17.4M
APA icon
12
APA Corp
APA
$12.8B
$275M 4.29%
9,341,410
+1,582,123
+20% +$49M
DVN icon
13
Devon Energy
DVN
$51.9B
$269M 4.2%
5,681,323
+297,913
+6% +$14.8M
NVR icon
14
NVR
NVR
$17.2B
$266M 4.15%
34,995
+1,834
+6% +$14M
COP icon
15
ConocoPhillips
COP
$147B
$243M 3.79%
2,122,839
+111,331
+6% +$13.5M
CVE icon
16
Cenovus Energy
CVE
$54.6B
$217M 3.4%
11,064,186
+6,742,085
+156% +$136M
EBAY icon
17
eBay
EBAY
$48.6B
$193M 3.02%
3,600,052
+188,899
+6% +$9.85M
TGT icon
18
Target
TGT
$62.1B
$178M 2.78%
1,202,534
+62,669
+5% +$9.86M
HD icon
19
Home Depot
HD
$332B
$172M 2.68%
498,788
+26,172
+6% +$8.93M
UHAL.B icon
20
U-Haul Holding Co Series N
UHAL.B
$12.2B
$140M 2.18%
2,327,119
+150,979
+7% +$9.5M
QCOM icon
21
Qualcomm
QCOM
$176B
$132M 2.07%
664,319
-115,483
-15% -$21.8M
CACC icon
22
Credit Acceptance
CACC
$6B
$103M 1.61%
200,816
+10,537
+6% +$5.37M
BRK.B icon
23
Berkshire Hathaway Class B
BRK.B
$1.07T
$83.3M 1.3%
204,821
+10,747
+6% +$4.39M
WAL icon
24
Western Alliance Bancorporation
WAL
$9.07B
$82M 1.28%
1,304,652
+68,448
+6% +$4.14M
FITB
25
Fifth Third Bancorp
FITB
$52B
$78.4M 1.22%
2,149,023
+112,747
+6% +$4.12M
1
2

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Smead Capital Management's Q2 2024 Portfolio in Review

As of Q2 2024, Smead Capital Management held 32 positions worth $6.41B, down 0.07% from $6.41B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Smead Capital Management deployed $331M of net new capital in Q2 2024, adding to 25 existing holdings.

By sector, the portfolio is most concentrated in Energy at 27% of assets, up from 25% a quarter earlier, followed by Financials and Consumer Discretionary.

On the sell side, the largest reduction was American Express, an estimated $43.2M trimmed.

  • Smead Capital Management added most to Cenovus Energy in Q2 2024, an estimated $136M increase.
  • Smead Capital Management's biggest Q2 2024 reduction was American Express, cutting an estimated $43.2M.
  • Smead Capital Management's ten largest holdings make up 55% of its $6.41B portfolio in Q2 2024.
  • Smead Capital Management opened 0 new positions and closed 0 in Q2 2024.
  • Smead Capital Management's portfolio value fell 0.07% quarter-over-quarter to $6.41B.

Based on Smead Capital Management's 13F filing for Q2 2024, filed 9 Aug 2024.