Smead Capital Management, Inc. Long-Term Concentrated

CIK: 0001427008 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 10, 2025

Total Value ($000): $5,176,427 (100.0% shares, 0.0% debt)

Holdings (34)

SPG SIMON PPTY GROUP INC NEW 6.9%

Value ($000) $359,483 Shares 1,915,505 Est. Cost $96.85 Unrealized +74.6%

DHI D R HORTON INC 6.0%

Value ($000) $311,683 Shares 1,839,163 Est. Cost $81.22 Unrealized +92.8%

CVE CENOVUS ENERGY INC 5.4%

Value ($000) $278,231 Shares 16,389,740 Est. Cost $17.35 Unrealized -10.0%

AXP AMERICAN EXPRESS CO 5.3%

Value ($000) $272,986 Shares 821,852 Est. Cost $118.42 Unrealized +167.3%

MAC MACERICH CO 5.2%

Value ($000) $271,761 Shares 14,931,924 Est. Cost $13.76 Unrealized —

MRK MERCK & CO INC 4.9%

Value ($000) $254,700 Shares 3,034,674 Est. Cost $71.96 Unrealized +12.6%

APA APA CORPORATION 4.8%

Value ($000) $246,723 Shares 10,161,573 Est. Cost $29.84 Unrealized -30.2%

LEN LENNAR CORP 4.7%

Value ($000) $245,633 Shares 1,948,849 Est. Cost $73.49 Unrealized +68.2%

AMGN AMGEN INC 4.7%

Value ($000) $241,954 Shares 857,384 Est. Cost $193.08 Unrealized +48.4%

NVR NVR INC 4.1%

Value ($000) $212,614 Shares 26,462 Est. Cost $3700.55 Unrealized +114.8%

EBAY EBAY INC. 3.8%

Value ($000) $197,701 Shares 2,173,735 Est. Cost $41.70 Unrealized +111.0%

JPM JPMORGAN CHASE & CO. 3.7%

Value ($000) $189,872 Shares 601,947 Est. Cost $100.23 Unrealized +195.2%

FANG DIAMONDBACK ENERGY INC 3.6%

Value ($000) $187,806 Shares 1,312,413 Est. Cost $137.08 Unrealized +2.7%

OXY OCCIDENTAL PETE CORP 3.5%

Value ($000) $178,938 Shares 3,787,043 Est. Cost $38.61 Unrealized +15.9%

BAC BANK AMERICA CORP 3.4%

Value ($000) $174,861 Shares 3,389,427 Est. Cost $27.95 Unrealized +72.9%

COP CONOCOPHILLIPS 3.2%

Value ($000) $165,862 Shares 1,753,485 Est. Cost $66.16 Unrealized +41.0%

TGT TARGET CORP 3.2%

Value ($000) $164,190 Shares 1,830,431 Est. Cost $115.72 Unrealized -16.4%

HD HOME DEPOT INC 3.0%

Value ($000) $152,921 Shares 377,406 Est. Cost $213.76 Unrealized +82.1%

OVV OVINTIV INC 2.7%

Value ($000) $139,687 Shares 3,459,320 Est. Cost $48.34 Unrealized -15.6%

UHAL/B U HAUL HOLDING COMPANY 2.6%

Value ($000) $134,214 Shares 2,636,827 Est. Cost $58.34 Unrealized -8.7%

WAL WESTERN ALLIANCE BANCORP 2.2%

Value ($000) $115,618 Shares 1,333,236 Est. Cost $53.26 Unrealized +57.2%

UNH UNITEDHEALTH GROUP INC 2.2%

Value ($000) $113,990 Shares 330,118 Est. Cost $357.06 Unrealized -16.3%

QCOM QUALCOMM INC 2.2%

Value ($000) $111,525 Shares 670,386 Est. Cost $104.95 Unrealized +49.8%

CACC CREDIT ACCEP CORP MICH 1.8%

Value ($000) $94,040 Shares 201,402 Est. Cost $472.70 Unrealized +5.6%

ULTA ULTA BEAUTY INC 1.6%

Value ($000) $83,884 Shares 153,423 Est. Cost $387.42 Unrealized +32.3%

FITB FIFTH THIRD BANCORP 1.4%

Value ($000) $72,438 Shares 1,626,001 Est. Cost $26.68 Unrealized +61.3%

MTB M & T BK CORP 1.4%

Value ($000) $71,343 Shares 361,011 Est. Cost $120.31 Unrealized +61.0%

CROX CROCS INC 1.0%

Value ($000) $52,978 Shares 634,082 Est. Cost $91.29 Unrealized 0.0%

DVN DEVON ENERGY CORP NEW 1.0%

Value ($000) $51,850 Shares 1,478,887 Est. Cost $45.17 Unrealized -25.5%

FRO FRONTLINE PLC 0.3%

Value ($000) $13,465 Shares 590,266 Est. Cost $14.56 Unrealized +39.1%

WFG WEST FRASER TIMBER CO LTD 0.2%

Value ($000) $8,182 Shares 120,378 Est. Cost $79.92 Unrealized -8.7%

OXY/WS OCCIDENTAL PETE CORP 0.1%

Value ($000) $3,926 Shares 153,969 Est. Cost $33.25 Unrealized —

IWD ISHARES TR 0.0%

Value ($000) $1,121 Shares 5,506 Est. Cost $191.86 Unrealized —

VTV VANGUARD INDEX FDS 0.0%

Value ($000) $246 Shares 1,317 Est. Cost $176.76 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPG	SIMON PPTY GROUP INC NEW	1,915,505	$359,483	6.9%	$96.85	+74.6%	COM	828806109
DHI	D R HORTON INC	1,839,163	$311,683	6.0%	$81.22	+92.8%	COM	23331A109
CVE	CENOVUS ENERGY INC	16,389,740	$278,231	5.4%	$17.35	-10.0%	COM	15135U109
AXP	AMERICAN EXPRESS CO	821,852	$272,986	5.3%	$118.42	+167.3%	COM	025816109
MAC	MACERICH CO	14,931,924	$271,761	5.2%	$13.76	—	COM	554382101
MRK	MERCK & CO INC	3,034,674	$254,700	4.9%	$71.96	+12.6%	COM	58933Y105
APA	APA CORPORATION	10,161,573	$246,723	4.8%	$29.84	-30.2%	COM	03743Q108
LEN	LENNAR CORP	1,948,849	$245,633	4.7%	$73.49	+68.2%	CL A	526057104
AMGN	AMGEN INC	857,384	$241,954	4.7%	$193.08	+48.4%	COM	031162100
NVR	NVR INC	26,462	$212,614	4.1%	$3700.55	+114.8%	COM	62944T105
EBAY	EBAY INC.	2,173,735	$197,701	3.8%	$41.70	+111.0%	COM	278642103
JPM	JPMORGAN CHASE & CO.	601,947	$189,872	3.7%	$100.23	+195.2%	COM	46625H100
FANG	DIAMONDBACK ENERGY INC	1,312,413	$187,806	3.6%	$137.08	+2.7%	COM	25278X109
OXY	OCCIDENTAL PETE CORP	3,787,043	$178,938	3.5%	$38.61	+15.9%	COM	674599105
BAC	BANK AMERICA CORP	3,389,427	$174,861	3.4%	$27.95	+72.9%	COM	060505104
COP	CONOCOPHILLIPS	1,753,485	$165,862	3.2%	$66.16	+41.0%	COM	20825C104
TGT	TARGET CORP	1,830,431	$164,190	3.2%	$115.72	-16.4%	COM	87612E106
HD	HOME DEPOT INC	377,406	$152,921	3.0%	$213.76	+82.1%	COM	437076102
OVV	OVINTIV INC	3,459,320	$139,687	2.7%	$48.34	-15.6%	COM	69047Q102
UHAL/B	U HAUL HOLDING COMPANY	2,636,827	$134,214	2.6%	$58.34	-8.7%	COM SER N	023586506
WAL	WESTERN ALLIANCE BANCORP	1,333,236	$115,618	2.2%	$53.26	+57.2%	COM	957638109
UNH	UNITEDHEALTH GROUP INC	330,118	$113,990	2.2%	$357.06	-16.3%	COM	91324P102
QCOM	QUALCOMM INC	670,386	$111,525	2.2%	$104.95	+49.8%	COM	747525103
CACC	CREDIT ACCEP CORP MICH	201,402	$94,040	1.8%	$472.70	+5.6%	COM	225310101
ULTA	ULTA BEAUTY INC	153,423	$83,884	1.6%	$387.42	+32.3%	COM	90384S303
FITB	FIFTH THIRD BANCORP	1,626,001	$72,438	1.4%	$26.68	+61.3%	COM	316773100
MTB	M & T BK CORP	361,011	$71,343	1.4%	$120.31	+61.0%	COM	55261F104
CROX	CROCS INC	634,082	$52,978	1.0%	$91.29	0.0%	COM	227046109
DVN	DEVON ENERGY CORP NEW	1,478,887	$51,850	1.0%	$45.17	-25.5%	COM	25179M103
FRO	FRONTLINE PLC	590,266	$13,465	0.3%	$14.56	+39.1%	COM	M46528101
WFG	WEST FRASER TIMBER CO LTD	120,378	$8,182	0.2%	$79.92	-8.7%	COM	952845105
OXY/WS	OCCIDENTAL PETE CORP	153,969	$3,926	0.1%	$33.25	—	*W EXP 08/03/202	674599162
IWD	ISHARES TR	5,506	$1,121	0.0%	$191.86	—	RUS 1000 VAL ETF	464287598
VTV	VANGUARD INDEX FDS	1,317	$246	0.0%	$176.76	—	VALUE ETF	922908744