Smead Capital Management, Inc. Long-Term Concentrated

Location: Phoenix, AZ

CIK: 0001427008 · Show all filings

Period: Q1 2023 (← Previous) (Next →)

Filing Date: May 12, 2023

Total Value: $5.018B (100.0% shares, 0.0% debt)

Holdings (29)

OXY OCCIDENTAL PETE CORP 8.8%

Value $444M Shares 7,109,768 Share Price $62.43 * Est. Cost/Share $36.34 Unrealized @ Report Date +63.9%

MRK MERCK & CO INC 6.5%

Value $324M Shares 3,047,792 Share Price $106.39 * Est. Cost/Share $63.78 Unrealized @ Report Date +53.3%

LEN LENNAR CORP 6.4%

Value $321M Shares 3,057,384 Share Price $105.11 * Est. Cost/Share $65.99 Unrealized @ Report Date +48.2%

AXP AMERICAN EXPRESS CO 6.1%

Value $304M Shares 1,843,172 Share Price $164.95 * Est. Cost/Share $109.85 Unrealized @ Report Date +44.8%

NVR NVR INC 6.0%

Value $301M Shares 53,955 Share Price $5572.19 Est. Cost/Share $3296.80 Unrealized @ Report Date +69.0%

DHI D R HORTON INC 5.7%

Value $288M Shares 2,943,195 Share Price $97.69 * Est. Cost/Share $74.34 Unrealized @ Report Date +28.0%

AMGN AMGEN INC 5.6%

Value $281M Shares 1,161,951 Share Price $241.75 * Est. Cost/Share $179.94 Unrealized @ Report Date +23.1%

SPG SIMON PPTY GROUP INC NEW 5.5%

Value $275M Shares 2,457,290 Share Price $111.97 * Est. Cost/Share $91.11 Unrealized @ Report Date +6.1%

COP CONOCOPHILLIPS 4.8%

Value $243M Shares 2,451,821 Share Price $99.21 * Est. Cost/Share $60.06 Unrealized @ Report Date +51.4%

MAC MACERICH CO 4.5%

Value $227M Shares 21,390,798 Share Price $10.60 Est. Cost/Share $13.50 Unrealized @ Report Date —

TGT TARGET CORP 4.3%

Value $217M Shares 1,312,334 Share Price $165.63 * Est. Cost/Share $113.40 Unrealized @ Report Date +32.4%

JPM JPMORGAN CHASE & CO 3.8%

Value $188M Shares 1,446,122 Share Price $130.31 * Est. Cost/Share $93.26 Unrealized @ Report Date +30.7%

WBD WARNER BROS DISCOVERY INC 3.7%

Value $187M Shares 12,407,882 Share Price $15.10 Est. Cost/Share $16.80 Unrealized @ Report Date -10.1%

BAC BANK AMERICA CORP 3.6%

Value $179M Shares 6,268,063 Share Price $28.60 * Est. Cost/Share $26.68 Unrealized @ Report Date -0.3%

OVV OVINTIV INC 3.1%

Value $158M Shares 4,371,305 Share Price $36.08 Est. Cost/Share $51.53 Unrealized @ Report Date -30.0%

EBAY EBAY INC. 3.0%

Value $151M Shares 3,401,187 Share Price $44.37 * Est. Cost/Share $40.52 Unrealized @ Report Date +4.0%

HD HOME DEPOT INC 2.8%

Value $139M Shares 472,285 Share Price $295.12 * Est. Cost/Share $196.09 Unrealized @ Report Date +40.5%

CVX CHEVRON CORP NEW 2.8%

Value $139M Shares 851,066 Share Price $163.16 * Est. Cost/Share $89.22 Unrealized @ Report Date +62.6%

APA APA CORPORATION 2.4%

Value $122M Shares 3,377,365 Share Price $36.06 * Est. Cost/Share $36.12 Unrealized @ Report Date -10.0%

UHAL/B U HAUL HOLDING COMPANY 2.2%

Value $111M Shares 2,139,333 Share Price $51.85 Est. Cost/Share $57.84 Unrealized @ Report Date -10.4%

QCOM QUALCOMM INC 2.0%

Value $99.47M Shares 779,700 Share Price $127.58 * Est. Cost/Share $93.00 Unrealized @ Report Date +28.9%

CACC CREDIT ACCEP CORP MICH 1.6%

Value $82.58M Shares 189,396 Share Price $436.04 Est. Cost/Share $463.04 Unrealized @ Report Date -5.8%

BRK/B BERKSHIRE HATHAWAY INC DEL 1.2%

Value $59.78M Shares 193,618 Share Price $308.77 Est. Cost/Share $195.18 Unrealized @ Report Date +58.2%

PFE PFIZER INC 1.2%

Value $59.75M Shares 1,464,439 Share Price $40.80 * Est. Cost/Share $27.61 Unrealized @ Report Date +25.4%

DVN DEVON ENERGY CORP NEW 1.1%

Value $53.01M Shares 1,047,429 Share Price $50.61 * Est. Cost/Share $50.57 Unrealized @ Report Date -9.8%

UHAL U HAUL HOLDING COMPANY 0.7%

Value $34.48M Shares 578,055 Share Price $59.65 Est. Cost/Share $54.13 Unrealized @ Report Date +10.2%

OXY/WS OCCIDENTAL PETE CORP 0.2%

Value $11.78M Shares 287,325 Share Price $41.00 Est. Cost/Share $32.91 Unrealized @ Report Date —

CVE CENOVUS ENERGY INC 0.2%

Value $9.792M Shares 561,224 Share Price $17.45 * Est. Cost/Share $15.67 Unrealized @ Report Date +3.7%

FRO FRONTLINE PLC 0.2%

Value $7.61M Shares 465,321 Share Price $16.35 * Est. Cost/Share $11.98 Unrealized @ Report Date +10.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
OXY	OCCIDENTAL PETE CORP	7,109,768	$444M	8.8%	$62.43 *	$36.34	+63.9%	COM	674599105
MRK	MERCK & CO INC	3,047,792	$324M	6.5%	$106.39 *	$63.78	+53.3%	COM	58933Y105
LEN	LENNAR CORP	3,057,384	$321M	6.4%	$105.11 *	$65.99	+48.2%	CL A	526057104
AXP	AMERICAN EXPRESS CO	1,843,172	$304M	6.1%	$164.95 *	$109.85	+44.8%	COM	025816109
NVR	NVR INC	53,955	$301M	6.0%	$5572.19	$3296.80	+69.0%	COM	62944T105
DHI	D R HORTON INC	2,943,195	$288M	5.7%	$97.69 *	$74.34	+28.0%	COM	23331A109
AMGN	AMGEN INC	1,161,951	$281M	5.6%	$241.75 *	$179.94	+23.1%	COM	031162100
SPG	SIMON PPTY GROUP INC NEW	2,457,290	$275M	5.5%	$111.97 *	$91.11	+6.1%	COM	828806109
COP	CONOCOPHILLIPS	2,451,821	$243M	4.8%	$99.21 *	$60.06	+51.4%	COM	20825C104
MAC	MACERICH CO	21,390,798	$227M	4.5%	$10.60	$13.50	—	COM	554382101
TGT	TARGET CORP	1,312,334	$217M	4.3%	$165.63 *	$113.40	+32.4%	COM	87612E106
JPM	JPMORGAN CHASE & CO	1,446,122	$188M	3.8%	$130.31 *	$93.26	+30.7%	COM	46625H100
WBD	WARNER BROS DISCOVERY INC	12,407,882	$187M	3.7%	$15.10	$16.80	-10.1%	COM SER A	934423104
BAC	BANK AMERICA CORP	6,268,063	$179M	3.6%	$28.60 *	$26.68	-0.3%	COM	060505104
OVV	OVINTIV INC	4,371,305	$158M	3.1%	$36.08	$51.53	-30.0%	COM	69047Q102
EBAY	EBAY INC.	3,401,187	$151M	3.0%	$44.37 *	$40.52	+4.0%	COM	278642103
HD	HOME DEPOT INC	472,285	$139M	2.8%	$295.12 *	$196.09	+40.5%	COM	437076102
CVX	CHEVRON CORP NEW	851,066	$139M	2.8%	$163.16 *	$89.22	+62.6%	COM	166764100
APA	APA CORPORATION	3,377,365	$122M	2.4%	$36.06 *	$36.12	-10.0%	COM	03743Q108
UHAL/B	U HAUL HOLDING COMPANY	2,139,333	$111M	2.2%	$51.85	$57.84	-10.4%	COM SER N	023586506
QCOM	QUALCOMM INC	779,700	$99.47M	2.0%	$127.58 *	$93.00	+28.9%	COM	747525103
CACC	CREDIT ACCEP CORP MICH	189,396	$82.58M	1.6%	$436.04	$463.04	-5.8%	COM	225310101
BRK/B	BERKSHIRE HATHAWAY INC DEL	193,618	$59.78M	1.2%	$308.77	$195.18	+58.2%	CL B NEW	084670702
PFE	PFIZER INC	1,464,439	$59.75M	1.2%	$40.80 *	$27.61	+25.4%	COM	717081103
DVN	DEVON ENERGY CORP NEW	1,047,429	$53.01M	1.1%	$50.61 *	$50.57	-9.8%	COM	25179M103
UHAL	U HAUL HOLDING COMPANY	578,055	$34.48M	0.7%	$59.65	$54.13	+10.2%	COM	023586100
OXY/WS	OCCIDENTAL PETE CORP	287,325	$11.78M	0.2%	$41.00	$32.91	—	*W EXP 08/03/202	674599162
CVE	CENOVUS ENERGY INC	561,224	$9.792M	0.2%	$17.45 *	$15.67	+3.7%	COM	15135U109
FRO	FRONTLINE PLC	465,321	$7.61M	0.2%	$16.35 *	$11.98	+10.4%	COM	M46528101