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Smead Capital Management, Inc.

Q4 2025 · Filed 2026-02-09
Market Value
$4.8B
-6.9%
Holdings
35
+1
New Purchases
1
Added To
4
Closed
3
Reduced
27
Top 10 Concentration
53.3%
Turnover
11.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
FITB 3.16% 1.40% +1.76% $152M
MRK 6.20% 4.92% +1.28% $299M
AMGN 5.45% 4.67% +0.77% $262M
AXP 5.90% 5.27% +0.63% $284M
COP 3.72% 3.20% +0.52% $180M
CVE 5.89% 5.37% +0.51% $284M
WAL 2.72% 2.23% +0.48% $131M
TGT 3.48% 3.17% +0.30% $168M
BAC 3.62% 3.38% +0.24% $174M
FANG 3.83% 3.63% +0.20% $185M
ULTA 1.80% 1.62% +0.18% $87M
MAC 5.35% 5.25% +0.10% $258M
JPM 3.76% 3.67% +0.10% $181M
GTX 0.09% 0.00% +0.09% $4M
QCOM 2.23% 2.15% +0.07% $107M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
OVV 0.00% 2.70% -2.70% $0
DVN 0.00% 1.00% -1.00% $0
DHI 5.14% 6.02% -0.88% $248M
LEN 3.89% 4.75% -0.86% $187M
HD 2.52% 2.95% -0.43% $121M
OXY 3.03% 3.46% -0.43% $146M
NVR 3.74% 4.11% -0.36% $180M
UHAL-B 2.39% 2.59% -0.20% $115M
EBAY 3.67% 3.82% -0.15% $177M
WFG 0.07% 0.16% -0.09% $3M
UNH 2.11% 2.20% -0.09% $102M
CACC 1.73% 1.82% -0.08% $84M
SPG 6.88% 6.94% -0.06% $332M
OXY-WT 0.06% 0.08% -0.01% $3M
VTV 0.00% 0.00% -0.00% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 8 $1.3B 26.3%
Large Cap 19 $2.9B 60.0%
Mid Cap 8 $659M 13.7%

Portfolio Analytics

Avg Market Cap
$112.3B
Median Market Cap
$40.8B
Avg P/E
24.2
Median P/E
16.3
Avg Dividend Yield
0.02%
Avg Beta
0.89
# Stocks
33
# ETFs / Funds
2

Top Holdings (35 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 SPG 6.88% 1,791,330 $332M $185.11 -$28M -124,175 -6.5%
2 MRK 6.20% 2,838,300 $299M $105.26 $44M -196,374 -6.5%
3 AXP 5.90% 768,431 $284M $369.95 $11M -53,421 -6.5%
4 CVE 5.89% 16,763,978 $284M $16.92 $5M +374,238 +2.3%
5 AMGN 5.45% 801,796 $262M $327.31 $20M -55,588 -6.5%
6 MAC 5.35% 13,963,805 $258M $18.46 -$14M -968,119 -6.5%
7 DHI 5.14% 1,719,925 $248M $144.03 -$64M -119,238 -6.5%
8 APA 4.82% 9,503,039 $232M $24.46 -$14M -658,534 -6.5%
9 LEN 3.89% 1,822,291 $187M $102.80 -$58M -126,558 -6.5%
10 FANG 3.83% 1,227,772 $185M $150.33 -$3M -84,641 -6.5%
11 JPM 3.76% 562,792 $181M $322.22 -$9M -39,155 -6.5%
12 NVR 3.74% 24,745 $180M $7,292.70 -$32M -1,717 -6.5%
13 COP 3.72% 1,917,545 $180M $93.61 $14M +164,060 +9.4%
14 EBAY 3.67% 2,032,886 $177M $87.10 -$21M -140,849 -6.5%
15 BAC 3.62% 3,169,803 $174M $55.00 -$521K -219,624 -6.5%
16 TGT 3.48% 1,713,932 $168M $97.75 $3M -116,499 -6.4%
17 FITB 3.16% 3,250,139 $152M $46.81 $80M +1,624,138 +99.9%
18 OXY 3.03% 3,545,182 $146M $41.12 -$33M -241,861 -6.4%
19 WAL 2.72% 1,556,943 $131M $84.07 $15M +223,707 +16.8%
20 HD 2.52% 352,819 $121M $344.10 -$32M -24,587 -6.5%
21 UHAL-B 2.39% 2,467,011 $115M $46.74 -$19M -169,816 -6.4%
22 QCOM 2.23% 626,937 $107M $171.05 -$4M -43,449 -6.5%
23 UNH 2.11% 308,723 $102M $330.11 -$12M -21,395 -6.5%
24 ULTA 1.80% 143,477 $87M $605.01 $3M -9,946 -6.5%
25 CACC 1.73% 188,334 $84M $443.46 -$11M -13,068 -6.5%
26 MTB 1.41% 337,603 $68M $201.48 -$3M -23,408 -6.5%
27 CROX 1.06% 594,690 $51M $85.52 -$2M -39,392 -6.2%
28 FRO 0.27% 586,729 $13M $22.05 -$528K -3,537 -0.6%
29 GTX 0.09% 244,261 $4M $17.43 +244,261 NEW
30 WFG 0.07% 54,678 $3M $61.18 -$5M -65,700 -54.6%
31 OXY-WT 0.06% 153,047 $3M $19.27 -$977K -922 -0.6%
32 IWD 0.02% 4,392 $924K $210.33 -$197K -1,114 -20.2%
33 OVV —% -$140M -3,459,320 -100.0% SOLD
34 VTV —% -$246K -1,317 -100.0% SOLD
35 DVN —% -$52M -1,478,887 -100.0% SOLD

New Positions

SymbolValue% Port
GTX $4M 0.09%

Sold Out Positions

SymbolValue% Port
DVN —%
OVV —%
VTV —%
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