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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
+7.77%
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
$7.01B
AUM Growth
+$605M
Cap. Flow
+$282M
Cap. Flow %
4.02%
Top 10 Hldgs %
57.28%
Holding
32
New
–
Increased
28
Reduced
2
Closed
2

Top Buys

Rank Stock Value
1
CVE icon
Cenovus Energy
CVE
+$80.7M
2
MRK icon
Merck
MRK
+$50.1M
3
LEN icon
Lennar Class A
LEN
+$15.6M
4
DHI icon
D.R. Horton
DHI
+$14.9M
5
SPG icon
Simon Property Group
SPG
+$14M

Top Sells

Rank Stock Value
1
WBD icon
Warner Bros
WBD
+$51.8M
2
GOOS
Canada Goose Holdings
GOOS
+$4.01M
3
OXY.WS icon
Occidental Petroleum Corp Warrants
OXY.WS
+$381K
4
UHAL icon
U-Haul Holding Co
UHAL
+$285K

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 25.5%
2 Energy 22.22%
3 Financials 22.02%
4 Real Estate 11.63%
5 Healthcare 10.87%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LEN icon
1
Lennar Class A
LEN
$20.4B
$500M 7.13%
2,754,913
+92,863
+3% +$15.6M
DHI icon
2
D.R. Horton
DHI
$41B
$480M 6.85%
2,516,673
+84,835
+3% +$14.9M
SPG icon
3
Simon Property Group
SPG
$74.5B
$443M 6.32%
2,620,355
+88,378
+3% +$14M
AXP icon
4
American Express
AXP
$223B
$442M 6.3%
1,629,480
+54,958
+3% +$13.7M
MRK icon
5
Merck
MRK
$324B
$384M 5.48%
3,380,469
+421,646
+14% +$50.1M
AMGN icon
6
Amgen
AMGN
$203B
$378M 5.39%
1,172,866
+39,559
+3% +$12.9M
MAC icon
7
Macerich
MAC
$7.32B
$373M 5.32%
20,433,449
+688,790
+3% +$10.9M
NVR icon
8
NVR
NVR
$17.2B
$355M 5.07%
36,218
+1,223
+3% +$10.7M
OXY icon
9
Occidental Petroleum
OXY
$57B
$345M 4.93%
6,700,697
+194,440
+3% +$11.1M
BAC icon
10
Bank of America
BAC
$435B
$315M 4.49%
7,935,264
+267,661
+3% +$10.7M
JPM icon
11
JPMorgan Chase
JPM
$939B
$297M 4.24%
1,409,521
+47,541
+3% +$10M
CVE icon
12
Cenovus Energy
CVE
$54.6B
$258M 3.68%
15,416,146
+4,351,960
+39% +$80.7M
EBAY icon
13
eBay
EBAY
$48.6B
$243M 3.46%
3,725,760
+125,708
+3% +$7.24M
OVV icon
14
Ovintiv
OVV
$17.5B
$241M 3.44%
6,303,203
+212,535
+3% +$9.19M
APA icon
15
APA Corp
APA
$12.8B
$236M 3.37%
9,667,452
+326,042
+3% +$9.15M
COP icon
16
ConocoPhillips
COP
$147B
$231M 3.3%
2,196,884
+74,045
+3% +$8.13M
DVN icon
17
Devon Energy
DVN
$51.9B
$230M 3.28%
5,879,516
+198,193
+3% +$8.73M
HD icon
18
Home Depot
HD
$332B
$209M 2.98%
516,204
+17,416
+3% +$6.35M
TGT icon
19
Target
TGT
$62.1B
$194M 2.77%
1,243,928
+41,394
+3% +$6.17M
UHAL.B icon
20
U-Haul Holding Co Series N
UHAL.B
$12.2B
$175M 2.5%
2,431,771
+104,652
+4% +$6.8M
QCOM icon
21
Qualcomm
QCOM
$176B
$117M 1.67%
687,507
+23,188
+3% +$4.09M
WAL icon
22
Western Alliance Bancorporation
WAL
$9.07B
$117M 1.67%
1,350,195
+45,543
+3% +$3.5M
BRK.B icon
23
Berkshire Hathaway Class B
BRK.B
$1.07T
$97.6M 1.39%
211,972
+7,151
+3% +$3.16M
FITB
24
Fifth Third Bancorp
FITB
$52B
$95.3M 1.36%
2,224,047
+75,024
+3% +$3.05M
CACC icon
25
Credit Acceptance
CACC
$6B
$92.2M 1.31%
207,828
+7,012
+3% +$3.45M
1
2

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Smead Capital Management's Q3 2024 Portfolio in Review

As of Q3 2024, Smead Capital Management held 32 positions worth $7.01B, up 9.4% from $6.41B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Smead Capital Management deployed $282M of net new capital in Q3 2024, adding to 28 existing holdings.

By sector, the portfolio is most concentrated in Consumer Discretionary at 25% of assets, up from 21% a quarter earlier, followed by Energy and Financials.

On the sell side, the largest reduction was Occidental Petroleum Corp Warrants, an estimated $381K trimmed.

  • Smead Capital Management added most to Cenovus Energy in Q3 2024, an estimated $80.7M increase.
  • Smead Capital Management's biggest Q3 2024 reduction was Occidental Petroleum Corp Warrants, cutting an estimated $381K.
  • Smead Capital Management fully exited Warner Bros in Q3 2024, selling an estimated $51.8M.
  • Smead Capital Management's ten largest holdings make up 57% of its $7.01B portfolio in Q3 2024.
  • Smead Capital Management opened 0 new positions and closed 2 in Q3 2024.
  • Smead Capital Management's portfolio value rose 9.4% quarter-over-quarter to $7.01B.

Based on Smead Capital Management's 13F filing for Q3 2024, filed 7 Nov 2024.