Smead Capital Management, Inc. Long-Term Concentrated

Location: Phoenix, AZ

CIK: 0001427008 · Show all filings

Period: Q1 2026 (← Previous) (Next →)

Filing Date: May 14, 2026

Total Value: $4.597B (100.0% shares, 0.0% debt)

Holdings (32)

CVE CENOVUS ENERGY INC 8.6%

Value $394M Shares 14,868,003 Share Price $26.53 Est. Cost/Share $17.35 Unrealized @ Report Date +52.9%

APA APA CORPORATION 7.6%

Value $351M Shares 8,269,815 Share Price $42.44 Est. Cost/Share $29.84 Unrealized @ Report Date +42.2%

MRK MERCK & CO INC 6.5%

Value $297M Shares 2,471,398 Share Price $120.29 Est. Cost/Share $71.96 Unrealized @ Report Date +67.2%

SPG SIMON PPTY GROUP INC NEW 6.3%

Value $291M Shares 1,559,860 Share Price $186.53 Est. Cost/Share $96.85 Unrealized @ Report Date +90.0%

AMGN AMGEN INC 5.3%

Value $246M Shares 697,919 Share Price $351.85 Est. Cost/Share $193.08 Unrealized @ Report Date +82.2%

MAC MACERICH CO 5.0%

Value $230M Shares 12,155,332 Share Price $18.90 Est. Cost/Share $13.76 Unrealized @ Report Date —

COP CONOCOPHILLIPS 4.8%

Value $221M Shares 1,671,303 Share Price $132.00 Est. Cost/Share $68.20 Unrealized @ Report Date +93.6%

FANG DIAMONDBACK ENERGY INC 4.6%

Value $212M Shares 1,069,328 Share Price $197.79 Est. Cost/Share $137.08 Unrealized @ Report Date +44.3%

DHI D R HORTON INC 4.5%

Value $206M Shares 1,497,723 Share Price $137.22 Est. Cost/Share $81.22 Unrealized @ Report Date +68.9%

OXY OCCIDENTAL PETE CORP 4.4%

Value $201M Shares 3,095,535 Share Price $65.00 Est. Cost/Share $38.61 Unrealized @ Report Date +68.3%

AXP AMERICAN EXPRESS CO 4.0%

Value $182M Shares 602,643 Share Price $302.48 Est. Cost/Share $118.42 Unrealized @ Report Date +155.4%

TGT TARGET CORP 3.9%

Value $181M Shares 1,492,670 Share Price $121.20 Est. Cost/Share $115.72 Unrealized @ Report Date +4.7%

EBAY EBAY INC. 3.5%

Value $161M Shares 1,771,494 Share Price $91.02 Est. Cost/Share $41.70 Unrealized @ Report Date +118.3%

NVR NVR INC 3.1%

Value $142M Shares 21,538 Share Price $6590.02 Est. Cost/Share $3700.55 Unrealized @ Report Date +78.1%

LEN LENNAR CORP 3.0%

Value $138M Shares 1,586,225 Share Price $86.84 Est. Cost/Share $73.49 Unrealized @ Report Date +18.2%

BAC BANK AMERICA CORP 2.9%

Value $135M Shares 2,759,684 Share Price $48.75 Est. Cost/Share $27.95 Unrealized @ Report Date +74.4%

FITB FIFTH THIRD BANCORP 2.9%

Value $132M Shares 2,831,423 Share Price $46.46 Est. Cost/Share $35.16 Unrealized @ Report Date +32.1%

JPM JPMORGAN CHASE & CO 2.7%

Value $122M Shares 416,094 Share Price $294.16 Est. Cost/Share $100.23 Unrealized @ Report Date +193.5%

HD HOME DEPOT INC 2.2%

Value $101M Shares 307,339 Share Price $328.89 Est. Cost/Share $213.76 Unrealized @ Report Date +53.9%

WAL WESTERN ALLIANCE BANCORP 2.1%

Value $96.04M Shares 1,355,591 Share Price $70.85 Est. Cost/Share $57.19 Unrealized @ Report Date +23.9%

UHAL/B U HAUL HOLDING COMPANY 2.1%

Value $95.88M Shares 2,146,425 Share Price $44.67 Est. Cost/Share $58.34 Unrealized @ Report Date -23.4%

UNH UNITEDHEALTH GROUP INC 2.0%

Value $93.92M Shares 347,102 Share Price $270.59 Est. Cost/Share $350.52 Unrealized @ Report Date -22.8%

CACC CREDIT ACCEP CORP MICH 1.9%

Value $89.13M Shares 210,470 Share Price $423.46 Est. Cost/Share $472.63 Unrealized @ Report Date -10.4%

QCOM QUALCOMM INC 1.5%

Value $70.29M Shares 545,810 Share Price $128.78 Est. Cost/Share $104.95 Unrealized @ Report Date +22.7%

ULTA ULTA BEAUTY INC 1.4%

Value $65.28M Shares 124,895 Share Price $522.71 Est. Cost/Share $387.42 Unrealized @ Report Date +34.9%

MTB M & T BK CORP 1.3%

Value $60.75M Shares 293,869 Share Price $206.72 Est. Cost/Share $120.31 Unrealized @ Report Date +71.8%

CROX CROCS INC 0.9%

Value $42.94M Shares 517,170 Share Price $83.02 Est. Cost/Share $91.29 Unrealized @ Report Date -9.1%

FRO FRONTLINE PLC 0.5%

Value $21.42M Shares 610,694 Share Price $35.07 Est. Cost/Share $15.19 Unrealized @ Report Date +129.5%

WFG WEST FRASER TIMBER LTD 0.2%

Value $7.494M Shares 114,778 Share Price $65.29 Est. Cost/Share $73.38 Unrealized @ Report Date -11.0%

OXY/WS OCCIDENTAL PETE CORP 0.1%

Value $6.487M Shares 151,211 Share Price $42.90 Est. Cost/Share $33.25 Unrealized @ Report Date —

GTX GARRETT MOTION INC 0.1%

Value $4.632M Shares 254,910 Share Price $18.17 Est. Cost/Share $16.04 Unrealized @ Report Date +13.3%

IWD ISHARES TR 0.0%

Value $1.339M Shares 6,264 Share Price $213.70 Est. Cost/Share $201.76 Unrealized @ Report Date +5.9%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
CVE	CENOVUS ENERGY INC	14,868,003	$394M	8.6%	$26.53	$17.35	+52.9%	COM	15135U109
APA	APA CORPORATION	8,269,815	$351M	7.6%	$42.44	$29.84	+42.2%	COM	03743Q108
MRK	MERCK & CO INC	2,471,398	$297M	6.5%	$120.29	$71.96	+67.2%	COM	58933Y105
SPG	SIMON PPTY GROUP INC NEW	1,559,860	$291M	6.3%	$186.53	$96.85	+90.0%	COM	828806109
AMGN	AMGEN INC	697,919	$246M	5.3%	$351.85	$193.08	+82.2%	COM	031162100
MAC	MACERICH CO	12,155,332	$230M	5.0%	$18.90	$13.76	—	COM	554382101
COP	CONOCOPHILLIPS	1,671,303	$221M	4.8%	$132.00	$68.20	+93.6%	COM	20825C104
FANG	DIAMONDBACK ENERGY INC	1,069,328	$212M	4.6%	$197.79	$137.08	+44.3%	COM	25278X109
DHI	D R HORTON INC	1,497,723	$206M	4.5%	$137.22	$81.22	+68.9%	COM	23331A109
OXY	OCCIDENTAL PETE CORP	3,095,535	$201M	4.4%	$65.00	$38.61	+68.3%	COM	674599105
AXP	AMERICAN EXPRESS CO	602,643	$182M	4.0%	$302.48	$118.42	+155.4%	COM	025816109
TGT	TARGET CORP	1,492,670	$181M	3.9%	$121.20	$115.72	+4.7%	COM	87612E106
EBAY	EBAY INC.	1,771,494	$161M	3.5%	$91.02	$41.70	+118.3%	COM	278642103
NVR	NVR INC	21,538	$142M	3.1%	$6590.02	$3700.55	+78.1%	COM	62944T105
LEN	LENNAR CORP	1,586,225	$138M	3.0%	$86.84	$73.49	+18.2%	CL A	526057104
BAC	BANK AMERICA CORP	2,759,684	$135M	2.9%	$48.75	$27.95	+74.4%	COM	060505104
FITB	FIFTH THIRD BANCORP	2,831,423	$132M	2.9%	$46.46	$35.16	+32.1%	COM	316773100
JPM	JPMORGAN CHASE & CO	416,094	$122M	2.7%	$294.16	$100.23	+193.5%	COM	46625H100
HD	HOME DEPOT INC	307,339	$101M	2.2%	$328.89	$213.76	+53.9%	COM	437076102
WAL	WESTERN ALLIANCE BANCORP	1,355,591	$96.04M	2.1%	$70.85	$57.19	+23.9%	COM	957638109
UHAL/B	U HAUL HOLDING COMPANY	2,146,425	$95.88M	2.1%	$44.67	$58.34	-23.4%	COM SER N	023586506
UNH	UNITEDHEALTH GROUP INC	347,102	$93.92M	2.0%	$270.59	$350.52	-22.8%	COM	91324P102
CACC	CREDIT ACCEP CORP MICH	210,470	$89.13M	1.9%	$423.46	$472.63	-10.4%	COM	225310101
QCOM	QUALCOMM INC	545,810	$70.29M	1.5%	$128.78	$104.95	+22.7%	COM	747525103
ULTA	ULTA BEAUTY INC	124,895	$65.28M	1.4%	$522.71	$387.42	+34.9%	COM	90384S303
MTB	M & T BK CORP	293,869	$60.75M	1.3%	$206.72	$120.31	+71.8%	COM	55261F104
CROX	CROCS INC	517,170	$42.94M	0.9%	$83.02	$91.29	-9.1%	COM	227046109
FRO	FRONTLINE PLC	610,694	$21.42M	0.5%	$35.07	$15.19	+129.5%	COM	M46528101
WFG	WEST FRASER TIMBER LTD	114,778	$7.494M	0.2%	$65.29	$73.38	-11.0%	COM	952845105
OXY/WS	OCCIDENTAL PETE CORP	151,211	$6.487M	0.1%	$42.90	$33.25	—	*W EXP 08/03/202	674599162
GTX	GARRETT MOTION INC	254,910	$4.632M	0.1%	$18.17	$16.04	+13.3%	COM	366505105
IWD	ISHARES TR	6,264	$1.339M	0.0%	$213.70	$201.76	+5.9%	RUS 1000 VAL ETF	464287598