Smead Capital Management, Inc.

CIK

1427008

City

Phoenix

State / Country

Stock

MRK — Merck & Co., Inc.

Top Portfolio Positions

29 positions · $4,722,984,959 total · as of Mar 31, 2026

Ticker	Company	Shares	Value (USD)	% of Portfolio
MAC	Macerich Co Real Estate	24,310,664	$459,471,548	9.73%
CVE	Cenovus Energy Inc. Energy	14,868,003	$394,448,119	8.35%
APA	APA Corp Energy	8,269,815	$350,970,948	7.43%
MRK	Merck & Co., Inc. Healthcare	2,471,398	$297,284,465	6.29%
SPG	Simon Property Group Inc. Real Estate	1,559,860	$290,960,685	6.16%
AMGN	Amgen Inc Healthcare	697,919	$245,562,800	5.20%
COP	Conocophillips Energy	1,671,303	$220,611,996	4.67%
FANG	Diamondback Energy, Inc. Energy	1,069,328	$211,502,385	4.48%
DHI	Horton D R Inc /De/ Consumer Cyclical	1,497,723	$205,517,550	4.35%
OXY	Occidental Petroleum Corp /De/ Energy	3,095,535	$201,209,775	4.26%

Portfolio Trend

25 quarters · across all stocks

Holdings in MRK

Compact Export CSV

Shares Held

Position Value (USD)

25 quarters on record

Report Date	Value (USD)	Shares	Change	Type	Discretion	Filed
2026-03-31	$297,284,465	2,471,398	-12.9%	Shares	Sole	2026-05-14
2025-12-31	$298,759,458	2,838,300	-6.5%	Shares	Sole	2026-02-09
2025-09-30	$254,700,188	3,034,674	-7.1%	Shares	Sole	2025-11-10
2025-06-30	$258,640,892	3,267,318	-2.0%	Shares	Sole	2025-08-14
2025-03-31	$299,310,644	3,334,566	+1.0%	Shares	Sole	2025-05-14
2024-12-31	$328,304,890	3,300,210	-2.4%	Shares	Sole	2025-02-12
2024-09-30	$383,886,059	3,380,469	+14.3%	Shares	Sole	2024-11-07
2024-06-30	$366,302,287	2,958,823	-2.9%	Shares	Sole	2024-08-09
2024-03-31	$402,048,351	3,046,975	+4.3%	Shares	Sole	2024-07-16
2023-12-31	$318,607,897	2,922,472	+0.4%	Shares	Sole	2024-01-31
2023-09-30	$299,677,155	2,910,900	-3.3%	Shares	Sole	2023-11-13
2023-06-30	$347,413,096	3,010,773	-1.2%	Shares	Sole	2023-08-11
2023-03-31	$324,254,590	3,047,792	+2.3%	Shares	Sole	2023-05-12
2022-12-31	$330,475,559	2,978,599	+9.4%	Shares	Sole	2023-02-10
2022-09-30	$234,513,544	2,723,102	+1.6%	Shares	Sole	2022-11-10
2022-06-30	$244,324,294	2,679,876	+6.2%	Shares	Sole	2022-08-12
2022-03-31	$206,973,914	2,522,534	+18.3%	Shares	Sole	2022-05-13
2021-12-31	$163,359,003	2,131,511	+22.9%	Shares	Sole	2022-02-14
2021-09-30	$130,251,180	1,734,139	+2.3%	Shares	Sole	2021-11-12
2021-06-30	$131,844,336	1,695,311	+13.9%	Shares	Sole	2021-07-30
2021-03-31	$109,455,721	1,487,995	+111.6%	Shares	Sole	2021-05-04
2020-12-31	$54,885,043	703,173	-4.3%	Shares	Sole	2021-02-03
2020-09-30	$58,159,770	734,797	-9.5%	Shares	Sole	2020-11-04
2020-06-30	$59,918,600	812,035	-7.9%	Shares	Sole	2020-08-10
2020-03-31	$64,702,034	881,307	—	Shares	Sole	2020-04-30
No 13F history on record for this holder in this stock.