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Asset Manager ← All Institutions

Smead Capital Management, Inc.

Q2 2025 · Filed 2025-08-14
Market Value
$5.0B
-14.4%
Holdings
37
+2
New Purchases
3
Added To
6
Closed
4
Reduced
24
Top 10 Concentration
51.0%
Turnover
18.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
FANG 2.90% 0.00% +2.90% $145M
UNH 1.58% 0.00% +1.58% $79M
CVE 4.79% 3.69% +1.09% $239M
TGT 3.90% 2.93% +0.97% $195M
QCOM 2.30% 1.61% +0.69% $115M
UHAL-B 3.09% 2.44% +0.66% $155M
WAL 2.24% 1.59% +0.65% $112M
CACC 2.21% 1.64% +0.57% $110M
EBAY 4.37% 3.86% +0.51% $218M
ULTA 1.55% 1.18% +0.37% $77M
DHI 5.11% 4.89% +0.22% $255M
NVR 4.21% 4.01% +0.20% $210M
MTB 1.51% 1.35% +0.16% $75M
FITB 1.44% 1.33% +0.11% $72M
HD 2.98% 2.89% +0.09% $149M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DVN 1.53% 3.66% -2.13% $76M
BRK-B 0.00% 1.73% -1.73% $0
OXY 3.42% 5.02% -1.60% $171M
OVV 3.32% 4.44% -1.12% $166M
SIRI 0.00% 0.95% -0.95% $0
BAC 3.46% 4.05% -0.59% $173M
MRP 0.00% 0.54% -0.54% $0
APA 4.01% 4.47% -0.46% $200M
COP 3.39% 3.85% -0.46% $169M
AMGN 5.16% 5.59% -0.43% $258M
JPM 3.76% 4.15% -0.39% $188M
UHAL 0.00% 0.23% -0.23% $0
MAC 5.21% 5.36% -0.15% $260M
LEN 4.65% 4.68% -0.03% $232M
SPG 6.64% 6.65% -0.02% $331M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 9 $1.2B 24.9%
Large Cap 19 $3.1B 62.0%
Mid Cap 9 $656M 13.1%

Portfolio Analytics

Avg Market Cap
$134.9B
Median Market Cap
$40.8B
Avg P/E
25.8
Median P/E
14.5
Avg Dividend Yield
0.02%
Avg Beta
0.86
# Stocks
35
# ETFs / Funds
2

Top Holdings (37 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 SPG 6.64% 2,062,019 $331M $160.76 -$57M -274,779 -11.8%
2 AXP 5.65% 884,732 $282M $318.98 -$48M -343,542 -28.0%
3 MAC 5.21% 16,074,002 $260M $16.18 -$53M -2,140,279 -11.8%
4 MRK 5.18% 3,267,318 $259M $79.16 -$41M -67,248 -2.0%
5 AMGN 5.16% 922,968 $258M $279.21 -$68M -123,046 -11.8%
6 DHI 5.11% 1,979,845 $255M $128.92 -$30M -263,821 -11.8%
7 CVE 4.79% 17,552,075 $239M $13.62 $24M +2,056,163 +13.3%
8 LEN 4.65% 2,097,906 $232M $110.61 -$41M -279,577 -11.8%
9 EBAY 4.37% 2,932,396 $218M $74.46 -$7M -390,937 -11.8%
10 NVR 4.21% 28,486 $210M $7,385.69 -$23M -3,797 -11.8%
11 APA 4.01% 10,941,229 $200M $18.29 -$61M -1,463,592 -11.8%
12 TGT 3.90% 1,973,113 $195M $98.65 $24M +334,817 +20.4%
13 JPM 3.76% 648,003 $188M $289.91 -$54M -339,152 -34.4%
14 BAC 3.46% 3,648,771 $173M $47.32 -$64M -2,011,673 -35.5%
15 OXY 3.42% 4,071,705 $171M $42.01 -$122M -1,866,260 -31.4%
16 COP 3.39% 1,887,445 $169M $89.74 -$55M -251,932 -11.8%
17 OVV 3.32% 4,355,580 $166M $38.05 -$93M -1,694,018 -28.0%
18 UHAL-B 3.09% 2,842,383 $155M $54.37 $12M +441,264 +18.4%
19 HD 2.98% 406,273 $149M $366.64 -$20M -54,052 -11.7%
20 FANG 2.90% 1,053,675 $145M $137.40 +1,053,675 NEW
21 QCOM 2.30% 721,679 $115M $159.26 $21M +108,583 +17.7%
22 WAL 2.24% 1,435,247 $112M $77.98 $19M +231,159 +19.2%
23 CACC 2.21% 216,811 $110M $509.43 $15M +31,438 +17.0%
24 UNH 1.58% 252,438 $79M $311.97 +252,438 NEW
25 ULTA 1.55% 165,158 $77M $467.82 $9M -22,009 -11.8%
26 DVN 1.53% 2,400,686 $76M $31.81 -$137M -3,305,636 -57.9%
27 MTB 1.51% 388,621 $75M $193.99 -$3M -51,757 -11.8%
28 FITB 1.44% 1,750,355 $72M $41.13 -$6M -233,184 -11.8%
29 FRO 0.20% 590,266 $10M $16.52 -$265K -94,804 -13.8%
30 WFG 0.18% 120,378 $9M $73.38 -$458K -571 -0.5%
31 OXY-WT 0.06% 153,969 $3M $20.71 -$1M -730 -0.5%
32 IWD 0.01% 3,496 $679K $194.25 -$533K -2,944 -45.7%
33 VTV 0.01% 1,530 $270K $176.76 +1,530 NEW
34 MRP —% -$31M -1,186,210 -100.0% SOLD
35 UHAL —% -$14M -209,649 -100.0% SOLD
36 SIRI —% -$55M -2,450,931 -100.0% SOLD
37 BRK-B —% -$101M -189,065 -100.0% SOLD

New Positions

SymbolValue% Port
FANG $145M 2.90%
UNH $79M 1.58%
VTV $270K 0.01%

Sold Out Positions

SymbolValue% Port
UHAL —%
MRP —%
SIRI —%
BRK-B —%
View SEC EDGAR Filings for Smead Capital Management, Inc. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms