Smead Capital Management, Inc. Long-Term Concentrated

Location: Phoenix, AZ

CIK: 0001427008 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 14, 2025

Total Value: $5.833B (100.0% shares, 0.0% debt)

Holdings (34)

SPG SIMON PPTY GROUP INC NEW 6.7%

Value $388M Shares 2,336,798 Share Price $166.08 * Est. Cost/Share $96.85 Unrealized @ Report Date +65.2%

AXP AMERICAN EXPRESS CO 5.7%

Value $330M Shares 1,228,274 Share Price $269.05 Est. Cost/Share $118.42 Unrealized @ Report Date +124.8%

AMGN AMGEN INC 5.6%

Value $326M Shares 1,046,014 Share Price $311.55 * Est. Cost/Share $193.08 Unrealized @ Report Date +57.5%

MAC MACERICH CO 5.4%

Value $313M Shares 18,214,281 Share Price $17.17 Est. Cost/Share $13.76 Unrealized @ Report Date —

MRK MERCK & CO INC 5.1%

Value $299M Shares 3,334,566 Share Price $89.76 * Est. Cost/Share $71.96 Unrealized @ Report Date +21.3%

OXY OCCIDENTAL PETE CORP 5.0%

Value $293M Shares 5,937,965 Share Price $49.36 Est. Cost/Share $38.61 Unrealized @ Report Date +25.7%

DHI D R HORTON INC 4.9%

Value $285M Shares 2,243,666 Share Price $127.13 Est. Cost/Share $81.22 Unrealized @ Report Date +55.1%

LEN LENNAR CORP 4.7%

Value $273M Shares 2,377,483 Share Price $114.78 Est. Cost/Share $73.49 Unrealized @ Report Date +54.1%

APA APA CORPORATION 4.5%

Value $261M Shares 12,404,821 Share Price $21.02 * Est. Cost/Share $29.84 Unrealized @ Report Date -32.4%

OVV OVINTIV INC 4.4%

Value $259M Shares 6,049,598 Share Price $42.80 Est. Cost/Share $48.34 Unrealized @ Report Date -11.5%

JPM JPMORGAN CHASE & CO. 4.2%

Value $242M Shares 987,155 Share Price $245.30 Est. Cost/Share $100.23 Unrealized @ Report Date +140.9%

BAC BANK AMERICA CORP 4.0%

Value $236M Shares 5,660,444 Share Price $41.73 Est. Cost/Share $27.95 Unrealized @ Report Date +46.8%

NVR NVR INC 4.0%

Value $234M Shares 32,283 Share Price $7244.38 Est. Cost/Share $3700.55 Unrealized @ Report Date +95.8%

EBAY EBAY INC. 3.9%

Value $225M Shares 3,323,333 Share Price $67.73 Est. Cost/Share $41.70 Unrealized @ Report Date +60.7%

COP CONOCOPHILLIPS 3.9%

Value $225M Shares 2,139,377 Share Price $105.02 * Est. Cost/Share $66.16 Unrealized @ Report Date +54.7%

CVE CENOVUS ENERGY INC 3.7%

Value $215M Shares 15,495,912 Share Price $13.90 Est. Cost/Share $17.94 Unrealized @ Report Date -23.3%

DVN DEVON ENERGY CORP NEW 3.7%

Value $213M Shares 5,706,322 Share Price $37.40 * Est. Cost/Share $45.17 Unrealized @ Report Date -18.9%

TGT TARGET CORP 2.9%

Value $171M Shares 1,638,296 Share Price $104.36 * Est. Cost/Share $120.30 Unrealized @ Report Date -16.2%

HD HOME DEPOT INC 2.9%

Value $169M Shares 460,325 Share Price $366.49 Est. Cost/Share $213.76 Unrealized @ Report Date +68.3%

UHAL/B U HAUL HOLDING COMPANY 2.4%

Value $142M Shares 2,401,119 Share Price $59.18 Est. Cost/Share $58.80 Unrealized @ Report Date +0.6%

BRK/B BERKSHIRE HATHAWAY INC DEL 1.7%

Value $101M Shares 189,065 Share Price $532.58 Est. Cost/Share $221.77 Unrealized @ Report Date +140.2%

CACC CREDIT ACCEP CORP MICH 1.6%

Value $95.72M Shares 185,373 Share Price $516.35 Est. Cost/Share $469.55 Unrealized @ Report Date +10.0%

QCOM QUALCOMM INC 1.6%

Value $94.18M Shares 613,096 Share Price $153.61 Est. Cost/Share $97.85 Unrealized @ Report Date +54.4%

WAL WESTERN ALLIANCE BANCORP 1.6%

Value $92.51M Shares 1,204,088 Share Price $76.83 Est. Cost/Share $49.92 Unrealized @ Report Date +51.0%

MTB M & T BK CORP 1.3%

Value $78.72M Shares 440,378 Share Price $178.75 * Est. Cost/Share $120.31 Unrealized @ Report Date +45.2%

FITB FIFTH THIRD BANCORP 1.3%

Value $77.75M Shares 1,983,539 Share Price $39.20 * Est. Cost/Share $26.68 Unrealized @ Report Date +43.1%

ULTA ULTA BEAUTY INC 1.2%

Value $68.6M Shares 187,167 Share Price $366.54 Est. Cost/Share $387.42 Unrealized @ Report Date -5.4%

SIRI SIRIUSXM HOLDINGS INC 0.9%

Value $55.26M Shares 2,450,931 Share Price $22.55 Est. Cost/Share $25.50 Unrealized @ Report Date -11.6%

MRP MILLROSE PPTYS INC 0.5%

Value $31.45M Shares 1,186,210 Share Price $26.51 Est. Cost/Share $26.51 Unrealized @ Report Date —

UHAL U HAUL HOLDING COMPANY 0.2%

Value $13.7M Shares 209,649 Share Price $65.36 Est. Cost/Share $54.41 Unrealized @ Report Date +20.1%

FRO FRONTLINE PLC 0.2%

Value $10.02M Shares 685,070 Share Price $14.62 Est. Cost/Share $14.56 Unrealized @ Report Date +1.0%

WFG WEST FRASER TIMBER CO LTD 0.2%

Value $9.292M Shares 120,949 Share Price $76.83 Est. Cost/Share $79.92 Unrealized @ Report Date -3.7%

OXY/WS OCCIDENTAL PETE CORP 0.1%

Value $4.281M Shares 154,699 Share Price $27.67 Est. Cost/Share $33.25 Unrealized @ Report Date —

IWD ISHARES TR 0.0%

Value $1.212M Shares 6,440 Share Price $188.15 Est. Cost/Share $191.81 Unrealized @ Report Date -1.9%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SPG	SIMON PPTY GROUP INC NEW	2,336,798	$388M	6.7%	$166.08 *	$96.85	+65.2%	COM	828806109
AXP	AMERICAN EXPRESS CO	1,228,274	$330M	5.7%	$269.05	$118.42	+124.8%	COM	025816109
AMGN	AMGEN INC	1,046,014	$326M	5.6%	$311.55 *	$193.08	+57.5%	COM	031162100
MAC	MACERICH CO	18,214,281	$313M	5.4%	$17.17	$13.76	—	COM	554382101
MRK	MERCK & CO INC	3,334,566	$299M	5.1%	$89.76 *	$71.96	+21.3%	COM	58933Y105
OXY	OCCIDENTAL PETE CORP	5,937,965	$293M	5.0%	$49.36	$38.61	+25.7%	COM	674599105
DHI	D R HORTON INC	2,243,666	$285M	4.9%	$127.13	$81.22	+55.1%	COM	23331A109
LEN	LENNAR CORP	2,377,483	$273M	4.7%	$114.78	$73.49	+54.1%	CL A	526057104
APA	APA CORPORATION	12,404,821	$261M	4.5%	$21.02 *	$29.84	-32.4%	COM	03743Q108
OVV	OVINTIV INC	6,049,598	$259M	4.4%	$42.80	$48.34	-11.5%	COM	69047Q102
JPM	JPMORGAN CHASE & CO.	987,155	$242M	4.2%	$245.30	$100.23	+140.9%	COM	46625H100
BAC	BANK AMERICA CORP	5,660,444	$236M	4.0%	$41.73	$27.95	+46.8%	COM	060505104
NVR	NVR INC	32,283	$234M	4.0%	$7244.38	$3700.55	+95.8%	COM	62944T105
EBAY	EBAY INC.	3,323,333	$225M	3.9%	$67.73	$41.70	+60.7%	COM	278642103
COP	CONOCOPHILLIPS	2,139,377	$225M	3.9%	$105.02 *	$66.16	+54.7%	COM	20825C104
CVE	CENOVUS ENERGY INC	15,495,912	$215M	3.7%	$13.90	$17.94	-23.3%	COM	15135U109
DVN	DEVON ENERGY CORP NEW	5,706,322	$213M	3.7%	$37.40 *	$45.17	-18.9%	COM	25179M103
TGT	TARGET CORP	1,638,296	$171M	2.9%	$104.36 *	$120.30	-16.2%	COM	87612E106
HD	HOME DEPOT INC	460,325	$169M	2.9%	$366.49	$213.76	+68.3%	COM	437076102
UHAL/B	U HAUL HOLDING COMPANY	2,401,119	$142M	2.4%	$59.18	$58.80	+0.6%	COM SER N	023586506
BRK/B	BERKSHIRE HATHAWAY INC DEL	189,065	$101M	1.7%	$532.58	$221.77	+140.2%	CL B NEW	084670702
CACC	CREDIT ACCEP CORP MICH	185,373	$95.72M	1.6%	$516.35	$469.55	+10.0%	COM	225310101
QCOM	QUALCOMM INC	613,096	$94.18M	1.6%	$153.61	$97.85	+54.4%	COM	747525103
WAL	WESTERN ALLIANCE BANCORP	1,204,088	$92.51M	1.6%	$76.83	$49.92	+51.0%	COM	957638109
MTB	M & T BK CORP	440,378	$78.72M	1.3%	$178.75 *	$120.31	+45.2%	COM	55261F104
FITB	FIFTH THIRD BANCORP	1,983,539	$77.75M	1.3%	$39.20 *	$26.68	+43.1%	COM	316773100
ULTA	ULTA BEAUTY INC	187,167	$68.6M	1.2%	$366.54	$387.42	-5.4%	COM	90384S303
SIRI	SIRIUSXM HOLDINGS INC	2,450,931	$55.26M	0.9%	$22.55	$25.50	-11.6%	COMMON STOCK	829933100
MRP	MILLROSE PPTYS INC	1,186,210	$31.45M	0.5%	$26.51	$26.51	—	COM CL A	601137102
UHAL	U HAUL HOLDING COMPANY	209,649	$13.7M	0.2%	$65.36	$54.41	+20.1%	COM	023586100
FRO	FRONTLINE PLC	685,070	$10.02M	0.2%	$14.62	$14.56	+1.0%	COM	M46528101
WFG	WEST FRASER TIMBER CO LTD	120,949	$9.292M	0.2%	$76.83	$79.92	-3.7%	COM	952845105
OXY/WS	OCCIDENTAL PETE CORP	154,699	$4.281M	0.1%	$27.67	$33.25	—	*W EXP 08/03/202	674599162
IWD	ISHARES TR	6,440	$1.212M	0.0%	$188.15	$191.81	-1.9%	RUS 1000 VAL ETF	464287598