CIK: 0001427008
Total reported value
$4.6B
Reporting period: 2026-03-31 · Number of holdings: 32
Smead Capital Management, Inc. disclosed 32 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $4.6B and a quarterly turnover rate of 21.2%.
Browse other institutions with $1B to $10B AUMBrowse other institutions starting with "S"
Smead Capital Management, Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.047 — mathematically equivalent to about 21 equally-sized positions, close to its 32 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.71), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Add APA
-13.0% $118.5M
Add CVE
-11.3% $110.8M
Trim AXP
-21.6% -$102.0M
Add OXY
-12.7% $55.4M
Trim JPM
-26.1% -$58.9M
Add COP
-12.8% $41.1M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | CVE | Cenovus Energy INC | Stock-Energy | 8.58% | +2.69% | -11.31% | |
| 2 | APA | Apa CORP | Stock-Energy | 7.63% | +2.81% | -12.98% | |
| 3 | MRK | Merck & Co. INC. | Stock-Healthcare | 6.47% | +0.27% | -12.93% | |
| 4 | SPG | Simon Property Group INC | Stock-Real Estate | 6.33% | -0.55% | -12.92% | |
| 5 | AMGN | Amgen INC | Stock-Healthcare | 5.34% | -0.11% | -12.96% | |
| 6 | MAC | Macerich Co/the | Stock-Other | 5.00% | -0.35% | -12.95% | |
| 7 | COP | Conocophillips | Stock-Energy | 4.80% | +1.08% | -12.84% | |
| 8 | FANG | Diamondback Energy INC | Stock-Energy | 4.60% | +0.77% | -12.90% | |
| 9 | DHI | Dr Horton INC | Stock-Consumer Disc | 4.47% | -0.67% | -12.92% | |
| 10 | OXY | Occidental Petroleum CORP | Stock-Energy | 4.38% | +1.36% | -12.68% | |
| 11 | AXP | American Express Co | Stock-Financials | 3.97% | -1.93% | -21.57% | |
| 12 | TGT | Target CORP | Stock-Consumer Disc | 3.94% | +0.46% | -12.91% | |
| 13 | EBAY | Ebay INC | Stock-Consumer Disc | 3.51% | -0.16% | -12.86% | |
| 14 | NVR | Nvr INC | Stock-Consumer Disc | 3.09% | -0.65% | -12.96% | |
| 15 | LEN | Lennar Corp-a | Stock-Consumer Disc | 3.00% | -0.89% | -12.95% | |
| 16 | BAC | Bank Of America CORP | Stock-Financials | 2.93% | -0.69% | -12.94% | |
| 17 | FITB | Fifth Third Bancorp | Stock-Financials | 2.86% | -0.30% | -12.88% | |
| 18 | JPM | Jpmorgan Chase & Co | Stock-Financials | 2.66% | -1.10% | -26.07% | |
| 19 | HD | Home Depot INC | Stock-Consumer Disc | 2.20% | -0.32% | -12.89% | |
| 20 | WAL | Western Alliance Bancorp | Stock-Financials | 2.09% | -0.63% | -12.93% | |
| 21 | UHAL-B | U-haul Holding Co-non Voting | Stock-Other | 2.09% | -0.30% | -12.99% | |
| 22 | UNH | Unitedhealth Group INC | Stock-Healthcare | 2.04% | -0.07% | +12.43% | |
| 23 | CACC | Credit Acceptance CORP | Stock-Other | 1.94% | +0.21% | +11.75% | |
| 24 | QCOM | Qualcomm INC | Stock-Tech | 1.53% | -0.70% | -12.94% | |
| 25 | ULTA | Ulta Beauty INC | Stock-Consumer Disc | 1.42% | -0.38% | -12.95% | |
| 26 | MTB | M & T Bank CORP | Stock-Financials | 1.32% | -0.09% | -12.95% | |
| 27 | CROX | Crocs INC | Stock-Consumer Disc | 0.93% | -0.13% | -13.04% | |
| 28 | FRO | Frontline plc | Stock-Other | 0.47% | +0.20% | +4.08% | |
| 29 | WFG | West Fraser Timber Co LTD | Stock-Other | 0.16% | +0.09% | +109.92% | |
| 30 | OXY-WS | Occidental Petroleum-cw27 | Stock-Other | 0.14% | +0.08% | -1.20% | |
| 31 | GTX | Garrett Motion INC | Stock-Consumer Disc | 0.10% | +0.01% | +4.36% | |
| 32 | IWD | Ishares Russell 1000 Value E | ETF-Other | 0.03% | +0.01% | +42.62% |
Performance for Q3 2026
+5%
Performance Last 4 Quarters
+27.2%
Based on 75% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 32 | $4.6B | 21 | |
| 2025-12-31 | 32 | $4.8B | 15 | |
| 2025-09-30 | 34 | $5.2B | 33 | |
| 2025-06-30 | 33 | $5.0B | 0 | |
| 2025-03-31 | 34 | $5.8B | 100 | |
| 2024-12-31 | 34 | $6.5B | 0 | |
| 2024-09-30 | 30 | $7.0B | 0 | |
| 2024-06-30 | 32 | $6.4B | 0 | |
| 2024-03-31 | 32 | $6.4B | 0 | |
| 2023-12-31 | 33 | $5.6B | 0 | |
| 2023-09-30 | 30 | $4.9B | 0 | |
| 2023-06-30 | 28 | $5.0B | 0 | |
| 2023-03-31 | 29 | $5.0B | 0 | |
| 2022-12-31 | 26 | $4.7B | 0 | |
| 2022-09-30 | 27 | $3.8B | 0 | |
| 2022-06-30 | 31 | $3.9B | 0 | |
| 2022-03-31 | 31 | $4.3B | 0 | |
| 2021-12-31 | 32 | $3.8B | 0 | |
| 2021-09-30 | 31 | $2.9B | 0 | |
| 2021-06-30 | 35 | $2.9B | 89 | |
| 2021-03-31 | 35 | $2.3B | 35 | |
| 2020-12-31 | 32 | $1.7B | 21 | |
| 2020-09-30 | 29 | $1.6B | 13 | |
| 2020-06-30 | 31 | $1.6B | 19 | |
| 2020-03-31 | 28 | $1.4B | 57 | |
| 2019-12-31 | 28 | $2.2B | 11 | |
| 2019-09-30 | 26 | $2.0B | 19 | |
| 2019-06-30 | 28 | $2.1B | 17 | |
| 2019-03-31 | 27 | $2.0B | 17 | |
| 2018-12-31 | 28 | $1.9B | 17 | |
| 2018-09-30 | 27 | $2.2B | 11 | |
| 2018-06-30 | 27 | $2.1B | 10 | |
| 2018-03-31 | 28 | $2.1B | 12 | |
| 2017-12-31 | 29 | $2.2B | 15 | |
| 2017-09-30 | 29 | $2.1B | 10 | |
| 2017-06-30 | 28 | $2.1B | 17 | |
| 2017-03-31 | 27 | $2.0B | 11 | |
| 2016-12-31 | 30 | $2.0B | 21 | |
| 2016-09-30 | 29 | $2.1B | 68 | |
| 2016-06-30 | 27 | $2.1B | 13 | |
| 2016-03-31 | 27 | $2.3B | 64 | |
| 2015-12-31 | 27 | $2.2B | 25 | |
| 2015-09-30 | 27 | $1.9B | 84 | |
| 2015-06-30 | 30 | $1.5B | 33 | |
| 2015-03-31 | 30 | $1.4B | 32 | |
| 2014-12-31 | 29 | $1.1B | 24 | |
| 2014-09-30 | 30 | $927.4M | 20 | |
| 2014-06-30 | 30 | $918.2M | 12 | 136473029314223126804 |
| 2014-03-31 | 28 | $830.0M | 21 | |
| 2013-12-31 | 29 | $726.1M | 27 | |
| 2013-09-30 | 29 | $616.6M | 22 | |
| 2013-06-30 | 28 | $493.8M | 0 |
Smead Capital Management, Inc.'s most significant position changes for 2026-03-31: Trim: Apa CORP (APA) — shares -12.98%; Trim: Cenovus Energy INC (CVE) — shares -11.31%; Trim: American Express Co (AXP) — shares -21.57%; Trim: Occidental Petroleum CORP (OXY) — shares -12.68%; Trim: Jpmorgan Chase & Co (JPM) — shares -26.07%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | APA | Apa CORP | +2.8% | -12.98% | Trim |
| 2 | CVE | Cenovus Energy INC | +2.7% | -11.31% | Trim |
| 3 | OXY | Occidental Petroleum CORP | +1.4% | -12.68% | Trim |
| 4 | COP | Conocophillips | +1.1% | -12.84% | Trim |
| 5 | FANG | Diamondback Energy INC | +0.8% | -12.90% | Trim |
| 6 | TGT | Target CORP | +0.5% | -12.91% | Trim |
| 7 | MRK | Merck & Co. INC. | +0.3% | -12.93% | Trim |
| 8 | CACC | Credit Acceptance CORP | +0.2% | +11.75% | Add |
| 9 | FRO | Frontline plc | +0.2% | +4.08% | Add |
| 10 | WFG | West Fraser Timber Co LTD | +0.1% | +109.92% | Add |
| 11 | OXY-WS | Occidental Petroleum-cw27 | +0.1% | -1.20% | Trim |
| 12 | IWD | Ishares Russell 1000 Value E | 0% | +42.62% | Add |
| 13 | GTX | Garrett Motion INC | 0% | +4.36% | Add |
| 14 | UNH | Unitedhealth Group INC | -0.1% | +12.43% | Add |
| 15 | MTB | M & T Bank CORP | -0.1% | -12.95% | Trim |
| 16 | AMGN | Amgen INC | -0.1% | -12.96% | Trim |
| 17 | CROX | Crocs INC | -0.1% | -13.04% | Trim |
| 18 | EBAY | Ebay INC | -0.2% | -12.86% | Trim |
| 19 | FITB | Fifth Third Bancorp | -0.3% | -12.88% | Trim |
| 20 | UHAL-B | U-haul Holding Co-non Voting | -0.3% | -12.99% | Trim |
| 21 | HD | Home Depot INC | -0.3% | -12.89% | Trim |
| 22 | MAC | Macerich Co/the | -0.4% | -12.95% | Trim |
| 23 | ULTA | Ulta Beauty INC | -0.4% | -12.95% | Trim |
| 24 | SPG | Simon Property Group INC | -0.6% | -12.92% | Trim |
| 25 | WAL | Western Alliance Bancorp | -0.6% | -12.93% | Trim |
| 26 | NVR | Nvr INC | -0.7% | -12.96% | Trim |
| 27 | DHI | Dr Horton INC | -0.7% | -12.92% | Trim |
| 28 | BAC | Bank Of America CORP | -0.7% | -12.94% | Trim |
| 29 | QCOM | Qualcomm INC | -0.7% | -12.94% | Trim |
| 30 | LEN | Lennar Corp-a | -0.9% | -12.95% | Trim |
| 31 | JPM | Jpmorgan Chase & Co | -1.1% | -26.07% | Trim |
| 32 | AXP | American Express Co | -1.9% | -21.57% | Trim |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-14 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-09 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-10 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-14 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-14 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-12 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-07 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-09 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-07-16 | Amendment | View on EDGAR |
| 2024-03-31 | 2024-05-10 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-01-31 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-13 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-11 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-12 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-10 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-10 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-12 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-13 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-14 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-12 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-07-30 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-04 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-03 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-04 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-10 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-04-30 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-01-30 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-10-25 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-07-26 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-09 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-04 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-10-23 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-07-24 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-04 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-13 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-06 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-07-27 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-11 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-08 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-07 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-05 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-04 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-03 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-09 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-07-27 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-08 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-03 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-07 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-05 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-08 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-07 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-07 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-08 | 13F-HR | View on EDGAR |
Institutions with a similar AUM
CIK 0001838615
Total reported value
$4.6B
709 stks
2026-03-31
AUM within 0.1% of this institution
CIK 0001088950
Total reported value
$4.6B
1,945 stks
2024-09-30
Stale — no recent filing
AUM within 0.1% of this institution
CIK 0001574947
Total reported value
$4.6B
52 stks
2026-03-31
AUM within 0.2% of this institution
Institutions with overlapping top holdings
CIK 0001696438
Total reported value
$152.7M
62 stks
2026-03-31
2 of the top 5 holdings overlap, including Amgen INC
CIK 0000019481
Total reported value
$362.5M
450 stks
2026-03-31
1 of the top 5 holdings overlap, including Amgen INC
CIK 0000074260
Total reported value
$2.7B
54 stks
2026-06-30
1 of the top 5 holdings overlap, including Merck & Co. INC.