Smead Capital Management, Inc. Long-Term Concentrated

CIK: 0001427008 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 14, 2025

Total Value ($000): $4,994,660 (100.0% shares, 0.0% debt)

Holdings (33)

SPG SIMON PPTY GROUP INC NEW 6.6%

Value ($000) $331,490 Shares 2,062,019 Est. Cost $96.85 Unrealized +57.7%

AXP AMERICAN EXPRESS CO 5.7%

Value ($000) $282,212 Shares 884,732 Est. Cost $118.42 Unrealized +135.9%

MAC MACERICH CO 5.2%

Value ($000) $260,077 Shares 16,074,002 Est. Cost $13.76 Unrealized —

MRK MERCK & CO INC 5.2%

Value ($000) $258,641 Shares 3,267,318 Est. Cost $71.96 Unrealized +7.5%

AMGN AMGEN INC 5.2%

Value ($000) $257,702 Shares 922,968 Est. Cost $193.08 Unrealized +43.9%

DHI D R HORTON INC 5.1%

Value ($000) $255,242 Shares 1,979,845 Est. Cost $81.22 Unrealized +50.6%

CVE CENOVUS ENERGY INC 4.8%

Value ($000) $238,999 Shares 17,552,075 Est. Cost $17.35 Unrealized -25.7%

LEN LENNAR CORP 4.6%

Value ($000) $232,049 Shares 2,097,906 Est. Cost $73.49 Unrealized +46.0%

EBAY EBAY INC. 4.4%

Value ($000) $218,346 Shares 2,932,396 Est. Cost $41.70 Unrealized +68.4%

NVR NVR INC 4.2%

Value ($000) $210,389 Shares 28,486 Est. Cost $3700.55 Unrealized +93.7%

APA APA CORPORATION 4.0%

Value ($000) $200,115 Shares 10,941,229 Est. Cost $29.84 Unrealized -43.5%

TGT TARGET CORP 3.9%

Value ($000) $194,648 Shares 1,973,113 Est. Cost $115.72 Unrealized -19.4%

JPM JPMORGAN CHASE & CO. 3.8%

Value ($000) $187,862 Shares 648,003 Est. Cost $100.23 Unrealized +152.1%

BAC BANK AMERICA CORP 3.5%

Value ($000) $172,660 Shares 3,648,771 Est. Cost $27.95 Unrealized +48.3%

OXY OCCIDENTAL PETE CORP 3.4%

Value ($000) $171,052 Shares 4,071,705 Est. Cost $38.61 Unrealized +6.6%

COP CONOCOPHILLIPS 3.4%

Value ($000) $169,379 Shares 1,887,445 Est. Cost $66.16 Unrealized +33.1%

OVV OVINTIV INC 3.3%

Value ($000) $165,730 Shares 4,355,580 Est. Cost $48.34 Unrealized -24.1%

UHAL/B U HAUL HOLDING COMPANY 3.1%

Value ($000) $154,540 Shares 2,842,383 Est. Cost $58.34 Unrealized -4.3%

HD HOME DEPOT INC 3.0%

Value ($000) $148,956 Shares 406,273 Est. Cost $213.76 Unrealized +66.5%

FANG DIAMONDBACK ENERGY INC 2.9%

Value ($000) $144,775 Shares 1,053,675 Est. Cost $136.16 Unrealized 0.0%

QCOM QUALCOMM INC 2.3%

Value ($000) $114,935 Shares 721,679 Est. Cost $104.95 Unrealized +38.2%

WAL WESTERN ALLIANCE BANCORP 2.2%

Value ($000) $111,921 Shares 1,435,247 Est. Cost $53.26 Unrealized +32.7%

CACC CREDIT ACCEP CORP MICH 2.2%

Value ($000) $110,450 Shares 216,811 Est. Cost $472.70 Unrealized +3.9%

UNH UNITEDHEALTH GROUP INC 1.6%

Value ($000) $78,753 Shares 252,438 Est. Cost $374.94 Unrealized 0.0%

ULTA ULTA BEAUTY INC 1.5%

Value ($000) $77,264 Shares 165,158 Est. Cost $387.42 Unrealized +6.7%

DVN DEVON ENERGY CORP NEW 1.5%

Value ($000) $76,366 Shares 2,400,686 Est. Cost $45.17 Unrealized -30.8%

MTB M & T BK CORP 1.5%

Value ($000) $75,389 Shares 388,621 Est. Cost $120.31 Unrealized +43.7%

FITB FIFTH THIRD BANCORP 1.4%

Value ($000) $71,992 Shares 1,750,355 Est. Cost $26.68 Unrealized +37.0%

FRO FRONTLINE PLC 0.2%

Value ($000) $9,754 Shares 590,266 Est. Cost $14.56 Unrealized +15.6%

WFG WEST FRASER TIMBER CO LTD 0.2%

Value ($000) $8,834 Shares 120,378 Est. Cost $79.92 Unrealized -7.0%

OXY/WS OCCIDENTAL PETE CORP 0.1%

Value ($000) $3,189 Shares 153,969 Est. Cost $33.25 Unrealized —

IWD ISHARES TR 0.0%

Value ($000) $679 Shares 3,496 Est. Cost $185.13 Unrealized —

VTV VANGUARD INDEX FDS 0.0%

Value ($000) $270 Shares 1,530 Est. Cost $176.76 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPG	SIMON PPTY GROUP INC NEW	2,062,019	$331,490	6.6%	$96.85	+57.7%	COM	828806109
AXP	AMERICAN EXPRESS CO	884,732	$282,212	5.7%	$118.42	+135.9%	COM	025816109
MAC	MACERICH CO	16,074,002	$260,077	5.2%	$13.76	—	COM	554382101
MRK	MERCK & CO INC	3,267,318	$258,641	5.2%	$71.96	+7.5%	COM	58933Y105
AMGN	AMGEN INC	922,968	$257,702	5.2%	$193.08	+43.9%	COM	031162100
DHI	D R HORTON INC	1,979,845	$255,242	5.1%	$81.22	+50.6%	COM	23331A109
CVE	CENOVUS ENERGY INC	17,552,075	$238,999	4.8%	$17.35	-25.7%	COM	15135U109
LEN	LENNAR CORP	2,097,906	$232,049	4.6%	$73.49	+46.0%	CL A	526057104
EBAY	EBAY INC.	2,932,396	$218,346	4.4%	$41.70	+68.4%	COM	278642103
NVR	NVR INC	28,486	$210,389	4.2%	$3700.55	+93.7%	COM	62944T105
APA	APA CORPORATION	10,941,229	$200,115	4.0%	$29.84	-43.5%	COM	03743Q108
TGT	TARGET CORP	1,973,113	$194,648	3.9%	$115.72	-19.4%	COM	87612E106
JPM	JPMORGAN CHASE & CO.	648,003	$187,862	3.8%	$100.23	+152.1%	COM	46625H100
BAC	BANK AMERICA CORP	3,648,771	$172,660	3.5%	$27.95	+48.3%	COM	060505104
OXY	OCCIDENTAL PETE CORP	4,071,705	$171,052	3.4%	$38.61	+6.6%	COM	674599105
COP	CONOCOPHILLIPS	1,887,445	$169,379	3.4%	$66.16	+33.1%	COM	20825C104
OVV	OVINTIV INC	4,355,580	$165,730	3.3%	$48.34	-24.1%	COM	69047Q102
UHAL/B	U HAUL HOLDING COMPANY	2,842,383	$154,540	3.1%	$58.34	-4.3%	COM SER N	023586506
HD	HOME DEPOT INC	406,273	$148,956	3.0%	$213.76	+66.5%	COM	437076102
FANG	DIAMONDBACK ENERGY INC	1,053,675	$144,775	2.9%	$136.16	0.0%	COM	25278X109
QCOM	QUALCOMM INC	721,679	$114,935	2.3%	$104.95	+38.2%	COM	747525103
WAL	WESTERN ALLIANCE BANCORP	1,435,247	$111,921	2.2%	$53.26	+32.7%	COM	957638109
CACC	CREDIT ACCEP CORP MICH	216,811	$110,450	2.2%	$472.70	+3.9%	COM	225310101
UNH	UNITEDHEALTH GROUP INC	252,438	$78,753	1.6%	$374.94	0.0%	COM	91324P102
ULTA	ULTA BEAUTY INC	165,158	$77,264	1.5%	$387.42	+6.7%	COM	90384S303
DVN	DEVON ENERGY CORP NEW	2,400,686	$76,366	1.5%	$45.17	-30.8%	COM	25179M103
MTB	M & T BK CORP	388,621	$75,389	1.5%	$120.31	+43.7%	COM	55261F104
FITB	FIFTH THIRD BANCORP	1,750,355	$71,992	1.4%	$26.68	+37.0%	COM	316773100
FRO	FRONTLINE PLC	590,266	$9,754	0.2%	$14.56	+15.6%	COM	M46528101
WFG	WEST FRASER TIMBER CO LTD	120,378	$8,834	0.2%	$79.92	-7.0%	COM	952845105
OXY/WS	OCCIDENTAL PETE CORP	153,969	$3,189	0.1%	$33.25	—	*W EXP 08/03/202	674599162
IWD	ISHARES TR	3,496	$679	0.0%	$185.13	—	RUS 1000 VAL ETF	464287598
VTV	VANGUARD INDEX FDS	1,530	$270	0.0%	$176.76	—	VALUE ETF	922908744