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Smead Capital Management, Inc.

Q3 2025 · Filed 2025-11-10
Market Value
$5.2B
+3.6%
Holdings
34
-3
New Purchases
1
Added To
3
Closed
0
Reduced
27
Top 10 Concentration
52.1%
Turnover
2.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CROX 1.02% 0.00% +1.02% $53M
DHI 6.02% 5.11% +0.91% $312M
APA 4.77% 4.01% +0.76% $247M
FANG 3.63% 2.90% +0.73% $188M
UNH 2.20% 1.58% +0.63% $114M
CVE 5.37% 4.79% +0.59% $278M
SPG 6.94% 6.64% +0.31% $359M
LEN 4.75% 4.65% +0.10% $246M
ULTA 1.62% 1.55% +0.07% $84M
FRO 0.26% 0.20% +0.06% $13M
MAC 5.25% 5.21% +0.04% $272M
OXY 3.46% 3.42% +0.03% $179M
OXY-WT 0.08% 0.06% +0.01% $4M
IWD 0.02% 0.01% +0.01% $1M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TGT 3.17% 3.90% -0.73% $164M
OVV 2.70% 3.32% -0.62% $140M
EBAY 3.82% 4.37% -0.55% $198M
DVN 1.00% 1.53% -0.53% $52M
UHAL-B 2.59% 3.09% -0.50% $134M
AMGN 4.67% 5.16% -0.49% $242M
CACC 1.82% 2.21% -0.39% $94M
AXP 5.27% 5.65% -0.38% $273M
MRK 4.92% 5.18% -0.26% $255M
COP 3.20% 3.39% -0.19% $166M
QCOM 2.15% 2.30% -0.15% $112M
MTB 1.38% 1.51% -0.13% $71M
NVR 4.11% 4.21% -0.10% $213M
JPM 3.67% 3.76% -0.09% $190M
BAC 3.38% 3.46% -0.08% $175M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 8 $1.3B 24.6%
Large Cap 19 $3.2B 62.1%
Mid Cap 7 $690M 13.3%

Portfolio Analytics

Avg Market Cap
$115.4B
Median Market Cap
$46.1B
Avg P/E
24.4
Median P/E
15.8
Avg Dividend Yield
0.02%
Avg Beta
0.89
# Stocks
32
# ETFs / Funds
2

Top Holdings (34 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 SPG 6.94% 1,915,505 $359M $187.67 $28M -146,514 -7.1%
2 DHI 6.02% 1,839,163 $312M $169.47 $56M -140,682 -7.1%
3 CVE 5.37% 16,389,740 $278M $16.98 $39M -1,162,335 -6.6%
4 AXP 5.27% 821,852 $273M $332.16 -$9M -62,880 -7.1%
5 MAC 5.25% 14,931,924 $272M $18.20 $12M -1,142,078 -7.1%
6 MRK 4.92% 3,034,674 $255M $83.93 -$4M -232,644 -7.1%
7 APA 4.77% 10,161,573 $247M $24.28 $47M -779,656 -7.1%
8 LEN 4.75% 1,948,849 $246M $126.04 $14M -149,057 -7.1%
9 AMGN 4.67% 857,384 $242M $282.20 -$16M -65,584 -7.1%
10 NVR 4.11% 26,462 $213M $8,034.69 $2M -2,024 -7.1%
11 EBAY 3.82% 2,173,735 $198M $90.95 -$21M -758,661 -25.9%
12 JPM 3.67% 601,947 $190M $315.43 $2M -46,056 -7.1%
13 FANG 3.63% 1,312,413 $188M $143.10 $43M +258,738 +24.6%
14 OXY 3.46% 3,787,043 $179M $47.25 $8M -284,662 -7.0%
15 BAC 3.38% 3,389,427 $175M $51.59 $2M -259,344 -7.1%
16 COP 3.20% 1,753,485 $166M $94.59 -$4M -133,960 -7.1%
17 TGT 3.17% 1,830,431 $164M $89.70 -$30M -142,682 -7.2%
18 HD 2.95% 377,406 $153M $405.19 $4M -28,867 -7.1%
19 OVV 2.70% 3,459,320 $140M $40.38 -$26M -896,260 -20.6%
20 UHAL-B 2.59% 2,636,827 $134M $50.90 -$20M -205,556 -7.2%
21 WAL 2.23% 1,333,236 $116M $86.72 $4M -102,011 -7.1%
22 UNH 2.20% 330,118 $114M $345.30 $35M +77,680 +30.8%
23 QCOM 2.15% 670,386 $112M $166.36 -$3M -51,293 -7.1%
24 CACC 1.82% 201,402 $94M $466.93 -$16M -15,409 -7.1%
25 ULTA 1.62% 153,423 $84M $546.75 $7M -11,735 -7.1%
26 FITB 1.40% 1,626,001 $72M $44.55 $446K -124,354 -7.1%
27 MTB 1.38% 361,011 $71M $197.62 -$4M -27,610 -7.1%
28 CROX 1.02% 634,082 $53M $83.55 +634,082 NEW
29 DVN 1.00% 1,478,887 $52M $35.06 -$25M -921,799 -38.4%
30 FRO 0.26% 590,266 $13M $22.81 $4M
31 WFG 0.16% 120,378 $8M $67.97 -$652K
32 OXY-WT 0.08% 153,969 $4M $25.50 $738K
33 IWD 0.02% 5,506 $1M $203.57 $442K +2,010 +57.5%
34 VTV —% 1,317 $246K $186.46 -$25K -213 -13.9%

New Positions

SymbolValue% Port
CROX $53M 1.02%
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