Smead Capital Management, Inc.

CIK

1427008

Location

Phoenix, AZ

Portfolio Value

Mid $4,659,389,608

Diversification

Diversified

Filing Date

Global Rank

#775 / 8,700 ▲ 77

Top Industry

Oil & Gas E&P 15.8%

Period ended 2 months ago

Filed Aug 11, 2026 · 33d

26 quarters · since Mar 2020

Portfolio Concentration

30 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

7.1%

−1.5 pts

Top 5

31.9%

−2.5 pts

Top 10

54.2%

−3.5 pts

HHI

438

Diversified−29

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Energy	23.4%	$1,090,034,683	6
Financial Services	20.9%	$972,168,261	7
Consumer Cyclical	19.8%	$921,348,513	8
Healthcare	16.4%	$763,820,668	4
Real Estate	12.9%	$602,272,821	2
Consumer Defensive	4.0%	$184,155,659	1
Industrials	2.5%	$117,203,702	1
Basic Materials	0.2%	$8,385,301	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

7 positions

Ticker	Company	Δ Shares	Shares	Value
LEN	Lennar Corp /New/	+434,216	2,020,441	$182,829,706
FITB	Fifth Third Bancorp	+340,401	3,171,824	$178,795,718
WAL	Western Alliance Bancorporation	+239,087	1,594,678	$131,082,531
FRO	Frontline plc	+23,079	633,773	$22,048,962
GTX	Garrett Motion Inc.	+20,154	275,064	$9,965,568
WFG	West Fraser Timber Co., Ltd	+9,100	123,878	$8,385,301
NVR	Nvr Inc	+6,710	28,248	$192,464,920
No positions match the current search.

Trimmed

Positions the filer reduced

22 positions

Ticker	Company	Δ Shares	Shares	Value
CVE	Cenovus Energy Inc.	−1,497,372	13,370,631	$331,725,355
EBAY	Ebay Inc	−955,571	815,923	$91,179,395
MAC	Macerich Co	−673,620	11,481,712	$289,224,325
APA	APA Corp	−461,247	7,808,568	$254,325,059
OXY	Occidental Petroleum Corp /De/	−205,550	2,889,985	$140,366,571
SPG	Simon Property Group Inc.	−160,135	1,399,725	$313,048,496
BAC	Bank Of America Corp /De/	−152,851	2,606,833	$148,537,344
MRK	Merck & Co., Inc.	−136,930	2,334,468	$299,979,138
UHAL	U-Haul Holding Co /NV/	−115,165	2,031,260	$117,203,702
COP	Conocophillips	−93,457	1,577,846	$164,032,870
DHI	Horton D R Inc /De/	−83,502	1,414,221	$230,348,316
TGT	Target Corp	−82,704	1,409,966	$184,155,659
FANG	Diamondback Energy, Inc.	−59,339	1,009,989	$177,535,866
AMGN	Amgen Inc	−38,678	659,241	$238,724,350
AXP	American Express Co	−33,580	569,063	$192,485,559
CROX	Crocs, Inc.	−27,925	489,245	$59,022,516
JPM	Jpmorgan Chase & Co	−23,194	392,900	$128,607,957
UNH	Unitedhealth Group Inc	−18,688	328,414	$136,498,710
HD	Home Depot, Inc.	−17,180	290,159	$102,333,276
MTB	M&T Bank Corp	−16,275	277,594	$66,070,147
CACC	Credit Acceptance Corp	−11,662	198,808	$126,589,005
ULTA	Ulta Beauty, Inc.	−6,919	117,976	$53,204,816
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
ZTS	Zoetis Inc.	1,233,210	$88,618,470
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
QCOM	Qualcomm Inc/De	545,810	$70,289,411
AAXJ	iShares MSCI All Country Asia ex Japan ETF	6,264	$1,338,428
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

30 tracked positions · $4,659,389,608 total · filing declares 32 positions · $4,661,978,555 · as of Jun 30, 2026

All sectors Basic Materials Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
CVE	Cenovus Energy Inc. Energy	Reduced	13,370,631	-1,497,372	$331,725,355	−15.9%	7.12%
SPG	Simon Property Group Inc. Real Estate	Reduced	1,399,725	-160,135	$313,048,496	+7.6%	6.72%
MRK	Merck & Co., Inc. Healthcare	Reduced	2,334,468	-136,930	$299,979,138	+0.9%	6.44%
MAC	Macerich Co Real Estate	Reduced	11,481,712	-673,620	$289,224,325	+25.9%	6.21%
APA	APA Corp Energy	Reduced	7,808,568	-461,247	$254,325,059	−27.5%	5.46%
AMGN	Amgen Inc Healthcare	Reduced	659,241	-38,678	$238,724,350	−2.8%	5.12%
DHI	Horton D R Inc /De/ Consumer Cyclical	Reduced	1,414,221	-83,502	$230,348,316	+12.1%	4.94%
AXP	American Express Co Financial Services	Reduced	569,063	-33,580	$192,485,559	+5.6%	4.13%
NVR	Nvr Inc Consumer Cyclical	Added	28,248	+6,710	$192,464,920	+35.6%	4.13%
TGT	Target Corp Consumer Defensive	Reduced	1,409,966	-82,704	$184,155,659	+1.8%	3.95%
LEN	Lennar Corp /New/ Consumer Cyclical	Added	2,020,441	+434,216	$182,829,706	+32.7%	3.92%
FITB	Fifth Third Bancorp Financial Services	Added	3,171,824	+340,401	$178,795,718	+35.9%	3.84%
FANG	Diamondback Energy, Inc. Energy	Reduced	1,009,989	-59,339	$177,535,866	−16.1%	3.81%
COP	Conocophillips Energy	Reduced	1,577,846	-93,457	$164,032,870	−25.6%	3.52%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	2,606,833	-152,851	$148,537,344	+10.4%	3.19%
OXY	Occidental Petroleum Corp /De/ Energy	Reduced	2,889,985	-205,550	$140,366,571	−30.2%	3.01%
UNH	Unitedhealth Group Inc Healthcare	Reduced	328,414	-18,688	$136,498,710	+45.3%	2.93%
WAL	Western Alliance Bancorporation Financial Services	Added	1,594,678	+239,087	$131,082,531	+36.5%	2.81%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	392,900	-23,194	$128,607,957	+5.1%	2.76%
CACC	Credit Acceptance Corp Financial Services	Reduced	198,808	-11,662	$126,589,005	+42.0%	2.72%
UHAL	U-Haul Holding Co /NV/ Industrials	Reduced	2,031,260	-115,165	$117,203,702	+22.2%	2.52%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	290,159	-17,180	$102,333,276	+1.2%	2.20%
EBAY	Ebay Inc Consumer Cyclical	Reduced	815,923	-955,571	$91,179,395	−43.5%	1.96%
ZTS	Zoetis Inc. Healthcare	NEW	1,233,210	NEW	$88,618,470	NEW	1.90%
MTB	M&T Bank Corp Financial Services	Reduced	277,594	-16,275	$66,070,147	+8.8%	1.42%
CROX	Crocs, Inc. Consumer Cyclical	Reduced	489,245	-27,925	$59,022,516	+37.5%	1.27%
ULTA	Ulta Beauty, Inc. Consumer Cyclical	Reduced	117,976	-6,919	$53,204,816	−18.5%	1.14%
FRO	Frontline plc Energy	Added	633,773	+23,079	$22,048,962	+3.6%	0.47%
GTX	Garrett Motion Inc. Consumer Cyclical	Added	275,064	+20,154	$9,965,568	+115.2%	0.21%
WFG	West Fraser Timber Co., Ltd Basic Materials	Added	123,878	+9,100	$8,385,301	+11.9%	0.18%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.