Smead Capital Management, Inc. Long-Term Concentrated

Location: Phoenix, AZ

CIK: 0001427008 · Show all filings

Period: Q2 2026 (← Previous) (Next →)

Filing Date: Aug 11, 2026

Total Value: $4.662B (100.0% shares, 0.0% debt)

Holdings (32)

CVE CENOVUS ENERGY INC 7.1%

Value $331M Shares 13,370,631 Share Price $24.79 Est. Cost/Share $17.35 Unrealized @ Report Date +43.0%

SPG SIMON PPTY GROUP INC NEW 6.7%

Value $313M Shares 1,399,725 Share Price $223.65 Est. Cost/Share $96.85 Unrealized @ Report Date —

MRK MERCK & CO INC 6.4%

Value $300M Shares 2,334,468 Share Price $128.50 Est. Cost/Share $71.96 Unrealized @ Report Date +78.6%

MAC MACERICH CO 6.2%

Value $289M Shares 11,481,712 Share Price $25.19 Est. Cost/Share $13.76 Unrealized @ Report Date —

APA APA CORPORATION 5.5%

Value $254M Shares 7,808,568 Share Price $32.57 Est. Cost/Share $29.84 Unrealized @ Report Date +9.1%

AMGN AMGEN INC 5.1%

Value $239M Shares 659,241 Share Price $362.12 Est. Cost/Share $193.08 Unrealized @ Report Date +87.5%

DHI D R HORTON INC 4.9%

Value $230M Shares 1,414,221 Share Price $162.88 Est. Cost/Share $81.22 Unrealized @ Report Date +100.5%

AXP AMERICAN EXPRESS CO 4.1%

Value $192M Shares 569,063 Share Price $338.25 Est. Cost/Share $118.42 Unrealized @ Report Date +185.6%

NVR NVR INC 4.1%

Value $192M Shares 28,248 Share Price $6813.51 Est. Cost/Share $4330.54 Unrealized @ Report Date +57.3%

TGT TARGET CORP 4.0%

Value $184M Shares 1,409,966 Share Price $130.61 Est. Cost/Share $115.72 Unrealized @ Report Date +12.9%

LEN LENNAR CORP 3.9%

Value $183M Shares 2,020,441 Share Price $90.49 Est. Cost/Share $76.91 Unrealized @ Report Date +17.7%

FITB FIFTH THIRD BANCORP 3.8%

Value $179M Shares 3,171,824 Share Price $56.37 Est. Cost/Share $36.83 Unrealized @ Report Date +53.1%

FANG DIAMONDBACK ENERGY INC 3.8%

Value $178M Shares 1,009,989 Share Price $175.78 Est. Cost/Share $137.08 Unrealized @ Report Date +28.2%

COP CONOCOPHILLIPS 3.5%

Value $164M Shares 1,577,846 Share Price $103.96 Est. Cost/Share $68.20 Unrealized @ Report Date +52.4%

BAC BANK OF AMER CORP 3.2%

Value $149M Shares 2,606,833 Share Price $56.98 Est. Cost/Share $27.95 Unrealized @ Report Date +103.8%

OXY OCCIDENTAL PETE CORP 3.0%

Value $140M Shares 2,889,985 Share Price $48.57 Est. Cost/Share $38.61 Unrealized @ Report Date +25.8%

UNH UNITEDHEALTH GROUP INC 2.9%

Value $136M Shares 328,414 Share Price $415.63 Est. Cost/Share $350.52 Unrealized @ Report Date +18.6%

WAL WESTERN ALLIANCE BANCORP 2.8%

Value $131M Shares 1,594,678 Share Price $82.20 Est. Cost/Share $60.45 Unrealized @ Report Date +36.0%

JPM JPMORGAN CHASE & CO 2.8%

Value $129M Shares 392,900 Share Price $327.33 Est. Cost/Share $100.23 Unrealized @ Report Date +226.6%

CACC CREDIT ACCEP CORP MICH 2.7%

Value $127M Shares 198,808 Share Price $636.74 Est. Cost/Share $472.63 Unrealized @ Report Date +34.7%

UHAL/B U HAUL HOLDING COMPANY 2.5%

Value $117M Shares 2,031,260 Share Price $57.70 Est. Cost/Share $58.34 Unrealized @ Report Date -1.1%

HD HOME DEPOT INC 2.2%

Value $102M Shares 290,159 Share Price $352.68 Est. Cost/Share $213.76 Unrealized @ Report Date +65.0%

EBAY EBAY INC. 2.0%

Value $91.18M Shares 815,923 Share Price $111.75 Est. Cost/Share $41.70 Unrealized @ Report Date +168.0%

ZTS ZOETIS INC 1.9%

Value $88.62M Shares 1,233,210 Share Price $71.86 Est. Cost/Share $94.14 Unrealized @ Report Date -23.7%

MTB M & T BK CORP 1.4%

Value $66.07M Shares 277,594 Share Price $238.01 Est. Cost/Share $120.31 Unrealized @ Report Date +97.8%

CROX CROCS INC 1.3%

Value $59.02M Shares 489,245 Share Price $120.64 Est. Cost/Share $91.29 Unrealized @ Report Date +32.2%

ULTA ULTA BEAUTY INC 1.1%

Value $53.2M Shares 117,976 Share Price $450.98 Est. Cost/Share $387.42 Unrealized @ Report Date +16.4%

FRO FRONTLINE PLC 0.5%

Value $21.98M Shares 633,773 Share Price $34.68 Est. Cost/Share $15.97 Unrealized @ Report Date +117.8%

GTX GARRETT MOTION INC 0.2%

Value $9.966M Shares 275,064 Share Price $36.23 Est. Cost/Share $16.90 Unrealized @ Report Date +114.4%

WFG WEST FRASER TIMBER CO LTD 0.2%

Value $8.378M Shares 123,878 Share Price $67.63 Est. Cost/Share $72.77 Unrealized @ Report Date -7.0%

OXY/WS OCCIDENTAL PETE CORP 0.0%

Value $1.74M Shares 65,345 Share Price $26.63 Est. Cost/Share $33.25 Unrealized @ Report Date —

IWD ISHARES TR 0.0%

Value $1.201M Shares 4,956 Share Price $242.41 Est. Cost/Share $201.76 Unrealized @ Report Date +20.2%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
CVE	CENOVUS ENERGY INC	13,370,631	$331M	7.1%	$24.79	$17.35	+43.0%	COM	15135U109
SPG	SIMON PPTY GROUP INC NEW	1,399,725	$313M	6.7%	$223.65	$96.85	—	COM	828806109
MRK	MERCK & CO INC	2,334,468	$300M	6.4%	$128.50	$71.96	+78.6%	COM	58933Y105
MAC	MACERICH CO	11,481,712	$289M	6.2%	$25.19	$13.76	—	COM	554382101
APA	APA CORPORATION	7,808,568	$254M	5.5%	$32.57	$29.84	+9.1%	COM	03743Q108
AMGN	AMGEN INC	659,241	$239M	5.1%	$362.12	$193.08	+87.5%	COM	031162100
DHI	D R HORTON INC	1,414,221	$230M	4.9%	$162.88	$81.22	+100.5%	COM	23331A109
AXP	AMERICAN EXPRESS CO	569,063	$192M	4.1%	$338.25	$118.42	+185.6%	COM	025816109
NVR	NVR INC	28,248	$192M	4.1%	$6813.51	$4330.54	+57.3%	COM	62944T105
TGT	TARGET CORP	1,409,966	$184M	4.0%	$130.61	$115.72	+12.9%	COM	87612E106
LEN	LENNAR CORP	2,020,441	$183M	3.9%	$90.49	$76.91	+17.7%	CL A	526057104
FITB	FIFTH THIRD BANCORP	3,171,824	$179M	3.8%	$56.37	$36.83	+53.1%	COM	316773100
FANG	DIAMONDBACK ENERGY INC	1,009,989	$178M	3.8%	$175.78	$137.08	+28.2%	COM	25278X109
COP	CONOCOPHILLIPS	1,577,846	$164M	3.5%	$103.96	$68.20	+52.4%	COM	20825C104
BAC	BANK OF AMER CORP	2,606,833	$149M	3.2%	$56.98	$27.95	+103.8%	COM	060505104
OXY	OCCIDENTAL PETE CORP	2,889,985	$140M	3.0%	$48.57	$38.61	+25.8%	COM	674599105
UNH	UNITEDHEALTH GROUP INC	328,414	$136M	2.9%	$415.63	$350.52	+18.6%	COM	91324P102
WAL	WESTERN ALLIANCE BANCORP	1,594,678	$131M	2.8%	$82.20	$60.45	+36.0%	COM	957638109
JPM	JPMORGAN CHASE & CO	392,900	$129M	2.8%	$327.33	$100.23	+226.6%	COM	46625H100
CACC	CREDIT ACCEP CORP MICH	198,808	$127M	2.7%	$636.74	$472.63	+34.7%	COM	225310101
UHAL/B	U HAUL HOLDING COMPANY	2,031,260	$117M	2.5%	$57.70	$58.34	-1.1%	COM SER N	023586506
HD	HOME DEPOT INC	290,159	$102M	2.2%	$352.68	$213.76	+65.0%	COM	437076102
EBAY	EBAY INC.	815,923	$91.18M	2.0%	$111.75	$41.70	+168.0%	COM	278642103
ZTS	ZOETIS INC	1,233,210	$88.62M	1.9%	$71.86	$94.14	-23.7%	CL A	98978V103
MTB	M & T BK CORP	277,594	$66.07M	1.4%	$238.01	$120.31	+97.8%	COM	55261F104
CROX	CROCS INC	489,245	$59.02M	1.3%	$120.64	$91.29	+32.2%	COM	227046109
ULTA	ULTA BEAUTY INC	117,976	$53.2M	1.1%	$450.98	$387.42	+16.4%	COM	90384S303
FRO	FRONTLINE PLC	633,773	$21.98M	0.5%	$34.68	$15.97	+117.8%	COM	M46528101
GTX	GARRETT MOTION INC	275,064	$9.966M	0.2%	$36.23	$16.90	+114.4%	COM	366505105
WFG	WEST FRASER TIMBER CO LTD	123,878	$8.378M	0.2%	$67.63	$72.77	-7.0%	COM	952845105
OXY/WS	OCCIDENTAL PETE CORP	65,345	$1.74M	0.0%	$26.63	$33.25	—	*W EXP 08/03/202	674599162
IWD	ISHARES TR	4,956	$1.201M	0.0%	$242.41	$201.76	+20.2%	RUS 1000 VAL ETF	464287598