Smead Capital Management, Inc. — 13F Holdings & Portfolio
CIK 1427008 · latest 13F-HR filed 2026-08-11
Smead Capital Management, Inc. manages $4.66B in 13F-reported U.S. long-equity assets across 32 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are CVE (7.11%), SPG (6.71%), MRK (6.43%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 1 new position, exited 1, added to 17, and trimmed 9.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
SUITE 210
PHOENIX, AZ 85016
$4.66B
Long-equity book
32
Distinct positions
2026-06-30
Filed 2026-08-11
+1 / −1 / ↑17 / ↓9
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- MACERICH CO$59.5M +25.9%
- NVR INC$50.5M +35.6%
- FIFTH THIRD BANCORP$47.2M +35.9%
- LENNAR CORP$45.1M +32.7%
- UNITEDHEALTH GROUP INC$42.6M +45.3%
Top Trims
- APA CORPORATION-$96.6M -27.5%
- EBAY INC.-$70.1M -43.5%
- CENOVUS ENERGY INC-$63.0M -16.0%
- OCCIDENTAL PETE CORP-$60.8M -30.2%
- CONOCOPHILLIPS-$56.6M -25.6%
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | CENOVUS ENERGY INC | CVE | 15135U109 | $331.4M | 7.11% | 13,370,631 | SH |
| 2 | SIMON PPTY GROUP INC NEW | SPG | 828806109 | $313.0M | 6.71% | 1,399,725 | SH |
| 3 | MERCK & CO INC | MRK | 58933Y105 | $300.0M | 6.43% | 2,334,468 | SH |
| 4 | MACERICH CO | MAC | 554382101 | $289.2M | 6.20% | 11,481,712 | SH |
| 5 | APA CORPORATION | APA | 03743Q108 | $254.3M | 5.46% | 7,808,568 | SH |
| 6 | AMGEN INC | AMGN | 031162100 | $238.7M | 5.12% | 659,241 | SH |
| 7 | D R HORTON INC | DHI | 23331A109 | $230.3M | 4.94% | 1,414,221 | SH |
| 8 | AMERICAN EXPRESS CO | AXP | 025816109 | $192.5M | 4.13% | 569,063 | SH |
| 9 | NVR INC | NVR | 62944T105 | $192.5M | 4.13% | 28,248 | SH |
| 10 | TARGET CORP | TGT | 87612E106 | $184.2M | 3.95% | 1,409,966 | SH |
| 11 | LENNAR CORP | LEN | 526057104 | $182.8M | 3.92% | 2,020,441 | SH |
| 12 | FIFTH THIRD BANCORP | FITB | 316773100 | $178.8M | 3.84% | 3,171,824 | SH |
| 13 | DIAMONDBACK ENERGY INC | FANG | 25278X109 | $177.5M | 3.81% | 1,009,989 | SH |
| 14 | CONOCOPHILLIPS | COP | 20825C104 | $164.0M | 3.52% | 1,577,846 | SH |
| 15 | BANK OF AMER CORP | BAC | 060505104 | $148.5M | 3.19% | 2,606,833 | SH |
| 16 | OCCIDENTAL PETE CORP | OXY | 674599105 | $140.4M | 3.01% | 2,889,985 | SH |
| 17 | UNITEDHEALTH GROUP INC | UNH | 91324P102 | $136.5M | 2.93% | 328,414 | SH |
| 18 | WESTERN ALLIANCE BANCORP | WAL | 957638109 | $131.1M | 2.81% | 1,594,678 | SH |
| 19 | JPMORGAN CHASE & CO | JPM | 46625H100 | $128.6M | 2.76% | 392,900 | SH |
| 20 | CREDIT ACCEP CORP MICH | CACC | 225310101 | $126.6M | 2.72% | 198,808 | SH |
| 21 | U HAUL HOLDING COMPANY | UHAL.B | 023586506 | $117.2M | 2.51% | 2,031,260 | SH |
| 22 | HOME DEPOT INC | HD | 437076102 | $102.3M | 2.20% | 290,159 | SH |
| 23 | EBAY INC. | EBAY | 278642103 | $91.2M | 1.96% | 815,923 | SH |
| 24 | ZOETIS INC | ZTS | 98978V103 | $88.6M | 1.90% | 1,233,210 | SH |
| 25 | M & T BK CORP | MTB | 55261F104 | $66.1M | 1.42% | 277,594 | SH |
| 26 | CROCS INC | CROX | 227046109 | $59.0M | 1.27% | 489,245 | SH |
| 27 | ULTA BEAUTY INC | ULTA | 90384S303 | $53.2M | 1.14% | 117,976 | SH |
| 28 | FRONTLINE PLC | FRO | M46528101 | $22.0M | 0.47% | 633,773 | SH |
| 29 | GARRETT MOTION INC | GTX | 366505105 | $10.0M | 0.21% | 275,064 | SH |
| 30 | WEST FRASER TIMBER CO LTD | WFG | 952845105 | $8.4M | 0.18% | 123,878 | SH |
| 31 | OCCIDENTAL PETE CORP | OXY.WS | 674599162 | $1.7M | 0.04% | 65,345 | SH |
| 32 | ISHARES TR | IWD | 464287598 | $1.2M | 0.03% | 4,956 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-11 | $4.66B | 32 | 0001172661-26-003262 |
| 2026-03-31 | 2026-05-14 | $4.60B | 32 | 0001172661-26-001955 |
| 2025-12-31 | 2026-02-09 | $4.82B | 32 | 0001172661-26-000531 |
| 2025-09-30 | 2025-11-10 | $5.18B | 34 | 0001172661-25-004652 |