Smead Capital Management, Inc.
Net seller this quarter
$4.66B
30
-$254M
54.2%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 CVE | $331M | 7.11% | 0.71% | -10.1% | Q1 2021 |
 SPG | $313M | 6.71% | 17496.56% | -10.3% | Q1 2020 |
 MRK | $300M | 6.43% | 0.09% | -5.5% | Q2 2013 |
 MAC | $289M | 6.20% | 4.04% | -5.5% | Q3 2019 |
 APA | $254M | 5.46% | 2.21% | -5.6% | Q1 2023 |
 AMGN | $239M | 5.12% | 0.12% | -5.5% | Q2 2013 |
 DHI | $230M | 4.94% | 0.50% | -5.6% | Q1 2020 |
 AXP | $192M | 4.13% | 0.08% | -5.6% | Q3 2015 |
 NVR | $192M | 4.13% | 1.05% | +31.2% | Q4 2013 |
 TGT | $184M | 3.95% | 0.31% | -5.5% | Q2 2017 |
 LEN | $183M | 3.92% | Not reported | +27.4% | Q3 2016 |
 FITB | $179M | 3.84% | 0.35% | +12.0% | Q4 2023 |
 FANG | $178M | 3.81% | 0.36% | -5.6% | Q2 2025 |
 COP | $164M | 3.52% | 0.13% | -5.6% | Q4 2020 |
 BAC | $149M | 3.19% | 0.04% | -5.5% | Q2 2013 |
 OXY | $142M | 3.05% | 0.30% | -9.0% | Q2 2019 |
 UNH | $136M | 2.93% | 0.04% | -5.4% | Q2 2025 |
 WAL | $131M | 2.81% | 1.46% | +17.6% | Q4 2023 |
 JPM | $129M | 2.76% | 0.01% | -5.6% | Q2 2013 |
 CACC | $127M | 2.72% | 1.92% | -5.5% | Q1 2020 |
 UHAL.B | $117M | 2.51% | Not reported | -5.4% | Q4 2022 |
 HD | $102M | 2.20% | 0.03% | -5.6% | Q2 2013 |
 EBAY | $91.2M | 1.96% | 0.18% | -53.9% | Q2 2013 |
 ZTS | $88.6M | 1.90% | 0.30% | New | Q2 2026 |
 MTB | $66.1M | 1.42% | 0.19% | -5.5% | Q4 2023 |
 CROX | $59M | 1.27% | 1.02% | -5.4% | Q3 2025 |
 ULTA | $53.2M | 1.14% | 0.27% | -5.5% | Q2 2020 |
 FRO | $22M | 0.47% | 0.28% | +3.8% | Q2 2022 |
 GTX | $9.97M | 0.21% | 0.15% | +7.9% | Q4 2025 |
 WFG | $8.38M | 0.18% | Not reported | +7.9% | Q1 2021 |
| Q1 2026 | |||||
| CVE | $394M | 8.58% | 0.79% | -11.3% | Q1 2021 |
| APA | $351M | 7.63% | 2.34% | -13.0% | Q1 2023 |
| MRK | $297M | 6.47% | 0.10% | -12.9% | Q2 2013 |
| SPG | $291M | 6.33% | 19498.25% | -12.9% | Q1 2020 |
| AMGN | $246M | 5.34% | 0.13% | -13.0% | Q2 2013 |
| MAC | $230M | 5.00% | 4.66% | -13.0% | Q3 2019 |
| COP | $221M | 4.80% | 0.14% | -12.8% | Q4 2020 |
| FANG | $212M | 4.60% | 0.38% | -12.9% | Q2 2025 |
| OXY | $208M | 4.52% | 0.33% | -12.2% | Q2 2019 |
| DHI | $206M | 4.47% | 0.53% | -12.9% | Q1 2020 |
| AXP | $182M | 3.97% | 0.09% | -21.6% | Q3 2015 |
| TGT | $181M | 3.94% | 0.33% | -12.9% | Q2 2017 |
| EBAY | $161M | 3.51% | 0.40% | -12.9% | Q2 2013 |
| NVR | $142M | 3.09% | 0.77% | -13.0% | Q4 2013 |
| LEN | $138M | 3.00% | Not reported | -13.0% | Q3 2016 |
| BAC | $135M | 2.93% | 0.04% | -12.9% | Q2 2013 |
| FITB | $132M | 2.86% | 0.31% | -12.9% | Q4 2023 |
| JPM | $122M | 2.66% | 0.02% | -26.1% | Q2 2013 |
| HD | $101M | 2.20% | 0.03% | -12.9% | Q2 2013 |
| WAL | $96M | 2.09% | 1.23% | -12.9% | Q4 2023 |
| UHAL.B | $95.9M | 2.09% | Not reported | -13.0% | Q4 2022 |
| UNH | $93.9M | 2.04% | 0.04% | +12.4% | Q2 2025 |
| CACC | $89.1M | 1.94% | 2.02% | +11.8% | Q1 2020 |
 QCOM | $70.3M | 1.53% | 0.05% | -12.9% | Q1 2019 |
| ULTA | $65.3M | 1.42% | 0.29% | -13.0% | Q2 2020 |
| MTB | $60.7M | 1.32% | 0.20% | -13.0% | Q4 2023 |
| CROX | $42.9M | 0.93% | 1.03% | -13.0% | Q3 2025 |
| FRO | $21.4M | 0.47% | 0.27% | +4.1% | Q2 2022 |
| WFG | $7.49M | 0.16% | Not reported | +109.9% | Q1 2021 |
| GTX | $4.63M | 0.10% | 0.14% | +4.4% | Q4 2025 |
| Q4 2025 | |||||
| SPG | $332M | 6.88% | 22391.63% | -6.5% | Q1 2020 |
| MRK | $299M | 6.20% | 0.11% | -6.5% | Q2 2013 |
| AXP | $284M | 5.90% | 0.11% | -6.5% | Q3 2015 |
| CVE | $284M | 5.89% | 0.89% | +2.3% | Q1 2021 |
| AMGN | $262M | 5.45% | 0.15% | -6.5% | Q2 2013 |
| MAC | $258M | 5.35% | 5.43% | -6.5% | Q3 2019 |
| DHI | $248M | 5.14% | 0.59% | -6.5% | Q1 2020 |
| APA | $232M | 4.82% | 2.69% | -6.5% | Q1 2023 |
| LEN | $187M | 3.89% | Not reported | -6.5% | Q3 2016 |
| FANG | $185M | 3.83% | 0.43% | -6.5% | Q2 2025 |
| JPM | $181M | 3.76% | 0.02% | -6.5% | Q2 2013 |
| NVR | $180M | 3.74% | 0.88% | -6.5% | Q4 2013 |
| COP | $180M | 3.72% | 0.16% | +9.4% | Q4 2020 |
| EBAY | $177M | 3.67% | 0.45% | -6.5% | Q2 2013 |
| BAC | $174M | 3.62% | 0.04% | -6.5% | Q2 2013 |
| TGT | $168M | 3.48% | 0.38% | -6.4% | Q2 2017 |
| FITB | $152M | 3.16% | 0.49% | +99.9% | Q4 2023 |
| OXY | $149M | 3.09% | 0.38% | -6.2% | Q2 2019 |
| WAL | $131M | 2.72% | 1.41% | +16.8% | Q4 2023 |
| HD | $121M | 2.52% | 0.04% | -6.5% | Q2 2013 |
| UHAL.B | $115M | 2.39% | Not reported | -6.4% | Q4 2022 |
| QCOM | $107M | 2.23% | 0.06% | -6.5% | Q1 2019 |
| UNH | $102M | 2.11% | 0.03% | -6.5% | Q2 2025 |
| ULTA | $86.8M | 1.80% | 0.32% | -6.5% | Q2 2020 |
| CACC | $83.5M | 1.73% | 1.76% | -6.5% | Q1 2020 |
| MTB | $68M | 1.41% | 0.22% | -6.5% | Q4 2023 |
| CROX | $50.9M | 1.06% | 1.18% | -6.2% | Q3 2025 |
| FRO | $12.9M | 0.27% | 0.26% | -0.6% | Q2 2022 |
| GTX | $4.26M | 0.09% | 0.13% | New | Q4 2025 |
| WFG | $3.35M | 0.07% | Not reported | -54.6% | Q1 2021 |
| Q3 2025 | |||||
| SPG | $359M | 6.94% | 23943.81% | -7.1% | Q1 2020 |
| DHI | $312M | 6.02% | 0.62% | -7.1% | Q1 2020 |
| CVE | $278M | 5.37% | 0.90% | -6.6% | Q1 2021 |
| AXP | $273M | 5.27% | 0.12% | -7.1% | Q3 2015 |
| MAC | $272M | 5.25% | 5.83% | -7.1% | Q3 2019 |
| MRK | $255M | 4.92% | 0.12% | -7.1% | Q2 2013 |
| APA | $247M | 4.77% | 2.84% | -7.1% | Q1 2023 |
| LEN | $246M | 4.75% | Not reported | -7.1% | Q3 2016 |
| AMGN | $242M | 4.67% | 0.16% | -7.1% | Q2 2013 |
| NVR | $213M | 4.11% | 0.92% | -7.1% | Q4 2013 |
| EBAY | $198M | 3.82% | 0.48% | -25.9% | Q2 2013 |
| JPM | $190M | 3.67% | 0.02% | -7.1% | Q2 2013 |
| FANG | $188M | 3.63% | 0.46% | +24.6% | Q2 2025 |
| OXY | $183M | 3.53% | 0.40% | -6.7% | Q2 2019 |
| BAC | $175M | 3.38% | 0.05% | -7.1% | Q2 2013 |
| COP | $166M | 3.20% | 0.14% | -7.1% | Q4 2020 |
| TGT | $164M | 3.17% | 0.40% | -7.2% | Q2 2017 |
| HD | $153M | 2.95% | 0.04% | -7.1% | Q2 2013 |
 OVV | $140M | 2.70% | 1.37% | -20.6% | Q4 2022 |
| UHAL.B | $134M | 2.59% | Not reported | -7.2% | Q4 2022 |
| WAL | $116M | 2.23% | 1.21% | -7.1% | Q4 2023 |
| UNH | $114M | 2.20% | 0.04% | +30.8% | Q2 2025 |
| QCOM | $112M | 2.15% | 0.06% | -7.1% | Q1 2019 |
| CACC | $94M | 1.82% | 1.82% | -7.1% | Q1 2020 |
| ULTA | $83.9M | 1.62% | 0.34% | -7.1% | Q2 2020 |
| FITB | $72.4M | 1.40% | 0.25% | -7.1% | Q4 2023 |
| MTB | $71.3M | 1.38% | 0.23% | -7.1% | Q4 2023 |
| CROX | $53M | 1.02% | 1.21% | New | Q3 2025 |
 DVN | $51.8M | 1.00% | 0.23% | -38.4% | Q1 2023 |
| FRO | $13.5M | 0.26% | 0.27% | Not reported | Q2 2022 |
| WFG | $8.18M | 0.16% | Not reported | Not reported | Q1 2021 |