Smead Capital Management, Inc.

CIK

1427008

Location

Phoenix, AZ

Portfolio Value

Micro $7,493,855

Diversification

Diversified

Filing Date

Global Rank

#726 / 8,586 ▼ 1

Top Industry

Oil & Gas E&P 21.9%

3Y Alpha vs SPY

-5.4%

Period ended 3 months ago

Filed May 14, 2026 · 33d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+55.1%

SPY

+78.1%

Annualised alpha

-5.5%

Max drawdown

−25.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

29 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

8.8%

+1.7 pts

Top 5

35.1%

+4.1 pts

Top 10

58.9%

+4.2 pts

HHI

482

Diversified+35

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Energy	31.2%	$1,400,032,015	6
Consumer Cyclical	19.1%	$860,370,227	8
Financial Services	18.2%	$816,686,019	7
Healthcare	14.2%	$636,769,595	3
Real Estate	11.6%	$520,696,459	2
Consumer Defensive	4.0%	$180,911,604	1
Technology	1.6%	$70,289,411	1
Basic Materials	0.2%	$7,493,855	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

5 positions

Ticker	Company	Δ Shares	Shares	Value
WFG	West Fraser Timber Co., Ltd	+60,100	114,778	$7,493,855
UNH	Unitedhealth Group Inc	+38,379	347,102	$93,922,330
FRO	Frontline plc	+23,965	610,694	$21,288,792
CACC	Credit Acceptance Corp	+22,136	210,470	$89,125,626
GTX	Garrett Motion Inc.	+10,649	254,910	$4,631,714
No positions match the current search.

Trimmed

Positions the filer reduced

24 positions

Ticker	Company	Δ Shares	Shares	Value
CVE	Cenovus Energy Inc.	−1,895,975	14,868,003	$394,448,119
MAC	Macerich Co	−1,808,473	12,155,332	$229,735,774
APA	APA Corp	−1,233,224	8,269,815	$350,970,948
OXY	Occidental Petroleum Corp /De/	−449,647	3,095,535	$201,209,775
FITB	Fifth Third Bancorp	−418,716	2,831,423	$131,547,912
BAC	Bank Of America Corp /De/	−410,119	2,759,684	$134,534,595
MRK	Merck & Co., Inc.	−366,902	2,471,398	$297,284,465
EBAY	Ebay Inc	−261,392	1,771,494	$161,241,383
COP	Conocophillips	−246,242	1,671,303	$220,611,996
LEN	Lennar Corp /New/	−236,066	1,586,225	$137,747,779
SPG	Simon Property Group Inc.	−231,470	1,559,860	$290,960,685
DHI	Horton D R Inc /De/	−222,202	1,497,723	$205,517,550
TGT	Target Corp	−221,262	1,492,670	$180,911,604
WAL	Western Alliance Bancorporation	−201,352	1,355,591	$96,043,622
AXP	American Express Co	−165,788	602,643	$182,287,454
FANG	Diamondback Energy, Inc.	−158,444	1,069,328	$211,502,385
JPM	Jpmorgan Chase & Co	−146,698	416,094	$122,398,211
AMGN	Amgen Inc	−103,877	697,919	$245,562,800
QCOM	Qualcomm Inc/De	−81,127	545,810	$70,289,411
CROX	Crocs, Inc.	−77,520	517,170	$42,935,453
HD	Home Depot, Inc.	−45,480	307,339	$101,080,723
MTB	M&T Bank Corp	−43,734	293,869	$60,748,599
ULTA	Ulta Beauty, Inc.	−18,582	124,895	$65,283,865
NVR	Nvr Inc	−3,207	21,538	$141,931,760
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

1 positions · $7,493,855 total · Basic Materials only · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio	History
WFG	West Fraser Timber Co., Ltd Basic Materials	Added	114,778	+60,100	$7,493,855	+124.3%	100.00%