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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
-5.21%
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
$6.45B
AUM Growth
-$560M
Cap. Flow
-$104M
Cap. Flow %
-1.62%
Top 10 Hldgs %
53.76%
Holding
34
New
4
Increased
6
Reduced
24
Closed
–

Top Buys

Rank Stock Value
1
ULTA icon
Ulta Beauty
ULTA
+$79.4M
2
APA icon
APA Corp
APA
+$70.5M
3
SIRI icon
SiriusXM
SIRI
+$68.4M
4
TGT icon
Target
TGT
+$35.4M
5
UHAL.B icon
U-Haul Holding Co Series N
UHAL.B
+$1.64M

Top Sells

Rank Stock Value
1
AXP icon
American Express
AXP
+$81.9M
2
JPM icon
JPMorgan Chase
JPM
+$76.6M
3
BAC icon
Bank of America
BAC
+$76.5M
4
SPG icon
Simon Property Group
SPG
+$10.9M
5
LEN icon
Lennar Class A
LEN
+$10.6M

Sector Composition

Rank Sector Weight
1 Energy 23.32%
2 Consumer Discretionary 23.23%
3 Financials 21.89%
4 Real Estate 12.99%
5 Healthcare 9.72%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPG icon
1
Simon Property Group
SPG
$74.5B
$441M 6.83%
2,558,289
-62,066
-2% -$10.9M
AXP icon
2
American Express
AXP
$223B
$399M 6.19%
1,344,431
-285,049
-17% -$81.9M
MAC icon
3
Macerich
MAC
$7.32B
$397M 6.16%
19,949,757
-483,692
-2% -$9.45M
LEN icon
4
Lennar Class A
LEN
$20.4B
$355M 5.5%
2,689,472
-65,441
-2% -$10.6M
DHI icon
5
D.R. Horton
DHI
$41B
$344M 5.33%
2,456,911
-59,762
-2% -$9.99M
MRK icon
6
Merck
MRK
$324B
$328M 5.09%
3,300,210
-80,259
-2% -$8.27M
OXY icon
7
Occidental Petroleum
OXY
$57B
$324M 5.02%
6,549,155
-151,542
-2% -$7.65M
AMGN icon
8
Amgen
AMGN
$203B
$298M 4.63%
1,145,056
-27,810
-2% -$8.25M
APA icon
9
APA Corp
APA
$12.8B
$293M 4.54%
12,681,405
+3,013,953
+31% +$70.5M
NVR icon
10
NVR
NVR
$17.2B
$289M 4.48%
35,355
-863
-2% -$7.86M
BAC icon
11
Bank of America
BAC
$435B
$272M 4.22%
6,195,818
-1,739,446
-22% -$76.5M
JPM icon
12
JPMorgan Chase
JPM
$939B
$259M 4.02%
1,080,528
-328,993
-23% -$76.6M
OVV icon
13
Ovintiv
OVV
$17.5B
$249M 3.86%
6,142,821
-160,382
-3% -$6.68M
CVE icon
14
Cenovus Energy
CVE
$54.6B
$229M 3.55%
15,123,232
-292,914
-2% -$4.71M
EBAY icon
15
eBay
EBAY
$48.6B
$225M 3.49%
3,637,757
-88,003
-2% -$5.59M
COP icon
16
ConocoPhillips
COP
$147B
$213M 3.3%
2,144,865
-52,019
-2% -$5.52M
TGT icon
17
Target
TGT
$62.1B
$202M 3.13%
1,491,157
+247,229
+20% +$35.4M
HD icon
18
Home Depot
HD
$332B
$196M 3.04%
503,875
-12,329
-2% -$5.04M
DVN icon
19
Devon Energy
DVN
$51.9B
$188M 2.91%
5,734,353
-145,163
-2% -$5.47M
UHAL.B icon
20
U-Haul Holding Co Series N
UHAL.B
$12.2B
$157M 2.44%
2,456,781
+25,010
+1% +$1.64M
WAL icon
21
Western Alliance Bancorporation
WAL
$9.07B
$110M 1.71%
1,318,211
-31,984
-2% -$2.81M
QCOM icon
22
Qualcomm
QCOM
$176B
$103M 1.6%
671,266
-16,241
-2% -$2.66M
CACC icon
23
Credit Acceptance
CACC
$6B
$95.3M 1.48%
202,907
-4,921
-2% -$2.28M
BRK.B icon
24
Berkshire Hathaway Class B
BRK.B
$1.07T
$93.8M 1.45%
206,954
-5,018
-2% -$2.32M
FITB
25
Fifth Third Bancorp
FITB
$52B
$91.8M 1.42%
2,171,369
-52,678
-2% -$2.36M
1
2

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Smead Capital Management's Q4 2024 Portfolio in Review

As of Q4 2024, Smead Capital Management held 34 positions worth $6.45B, down 8% from $7.01B the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Smead Capital Management's Q4 2024 filing shows 4 new, 6 increased and 24 reduced positions. Its largest new stake was Ulta Beauty: 204,891 shares worth $89.1M. The largest sale was American Express, an estimated $81.9M.

By sector, the portfolio is most concentrated in Energy at 23% of assets, up from 22% a quarter earlier, followed by Consumer Discretionary and Financials.

  • Smead Capital Management's largest Q4 2024 buy was Ulta Beauty: 204,891 shares worth $89.1M.
  • Smead Capital Management added most to APA Corp in Q4 2024, an estimated $70.5M increase.
  • Smead Capital Management's biggest Q4 2024 reduction was American Express, cutting an estimated $81.9M.
  • Smead Capital Management's ten largest holdings make up 54% of its $6.45B portfolio in Q4 2024.
  • Smead Capital Management opened 4 new positions and closed 0 in Q4 2024.
  • Smead Capital Management's portfolio value fell 8% quarter-over-quarter to $6.45B.

Based on Smead Capital Management's 13F filing for Q4 2024, filed 12 Feb 2025.