Smead Capital Management, Inc.
13F Reported Value
ⓘ$4.6B
Holdings
32
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
Smead Capital Management, Inc. disclosed 32 positions worth $4.6B in its Form 13F-HR for Q1 2026, led by $CVE (CENOVUS ENERGY INC.) at 8.6% of the equity portfolio, followed by $APA and $MRK. The portfolio is most concentrated in Energy (30.1% of disclosed assets). All figures are sourced directly from Smead Capital Management, Inc.’s Form 13F-HR filing with the SEC under CIK 1427008.
AI Fund Analysis
ConcentratingSector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
- —
Quality
$394.5M14,868,003 sh - —
Quality
$351.0M8,269,815 sh - 70.9#284
Quality
$297.3M2,471,398 sh - 76.9
Quality
$291.0M1,559,860 sh - 79.5
Quality
$245.6M697,919 sh - 44.6
Quality
$229.7M12,155,332 sh - 74.8
Quality
$220.6M1,671,303 sh - 81.4
Quality
$211.5M1,069,328 sh - 54.6
Quality
$205.5M1,497,723 sh - 66.3
Quality
$201.2M3,095,535 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 CENOVUS ENERGY INC.$CVE | — | $394.5M | 14,868,003 |
 APA Corp$APA | — | $351.0M | 8,269,815 |
 Merck & Co., Inc.$MRK | 70.9#284 | $297.3M | 2,471,398 |
 SIMON PROPERTY GROUP INC.$SPG | 76.9 | $291.0M | 1,559,860 |
 AMGEN INC$AMGN | 79.5 | $245.6M | 697,919 |
 MACERICH CO$MAC | 44.6 | $229.7M | 12,155,332 |
 CONOCOPHILLIPS$COP | 74.8 | $220.6M | 1,671,303 |
 Diamondback Energy, Inc.$FANG | 81.4 | $211.5M | 1,069,328 |
 HORTON D R INC /DE/$DHI | 54.6 | $205.5M | 1,497,723 |
 OCCIDENTAL PETROLEUM CORP /DE/$OXY | 66.3 | $201.2M | 3,095,535 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Smead Capital Management, Inc.'s 32 positions.
Showing top 10 of 32 holdings.
Sector Allocation
Energy
$1.4B
Financials
$816.7M
Industrials
$680.0M
Healthcare
$636.8M
Real Estate
$520.7M
Consumer Discretionary
$486.1M
Technology
$70.3M
Other
$1.3M
Full Holdings — Smead Capital Management, Inc. (Q1 2026)
All 32 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $CVE | CENOVUS ENERGY INC. | $394.5M | 8.6% | -11% | — |
| 2 | $APA | APA Corp | $351.0M | 7.6% | -13% | — |
| 3 | $MRK | Merck & Co., Inc. | $297.3M | 6.5% | -13% | 70.9 |
| 4 | $SPG | SIMON PROPERTY GROUP INC. | $291.0M | 6.3% | -13% | 76.9 |
| 5 | $AMGN | AMGEN INC | $245.6M | 5.3% | -13% | 79.5 |
| 6 | $MAC | MACERICH CO | $229.7M | 5.0% | -13% | 44.6 |
| 7 | $COP | CONOCOPHILLIPS | $220.6M | 4.8% | -13% | 74.8 |
| 8 | $FANG | Diamondback Energy, Inc. | $211.5M | 4.6% | -13% | 81.4 |
| 9 | $DHI | HORTON D R INC /DE/ | $205.5M | 4.5% | -13% | 54.6 |
| 10 | $OXY | OCCIDENTAL PETROLEUM CORP /DE/ | $201.2M | 4.4% | -13% | 66.3 |
| 11 |  $AXP | AMERICAN EXPRESS CO | $182.3M | 4.0% | -22% | 73.2 |
| 12 |  $TGT | TARGET CORP | $180.9M | 3.9% | -13% | 53.1 |
| 13 |  $EBAY | EBAY INC | $161.2M | 3.5% | -13% | 69.3 |
| 14 |  $NVR | NVR INC | $141.9M | 3.1% | -13% | 62.3 |
| 15 |  $LEN | LENNAR CORP /NEW/ | $137.7M | 3.0% | -13% | 49.2 |
| 16 |  $BAC | BANK OF AMERICA CORP /DE/ | $134.5M | 2.9% | -13% | 68.4 |
| 17 |  $FITB | FIFTH THIRD BANCORP | $131.5M | 2.9% | -13% | — |
| 18 |  $JPM | JPMORGAN CHASE & CO | $122.4M | 2.7% | -26% | 35.6 |
| 19 |  $HD | HOME DEPOT, INC. | $101.1M | 2.2% | -13% | 69.2 |
| 20 |  $WAL | WESTERN ALLIANCE BANCORPORATION | $96.0M | 2.1% | -13% | 56.1 |
| 21 |  $UHAL | U-Haul Holding Co /NV/ | $95.9M | 2.1% | -13% | 28.1 |
| 22 |  $UNH | UNITEDHEALTH GROUP INC | $93.9M | 2.0% | +12% | 66.8 |
| 23 |  $CACC | CREDIT ACCEPTANCE CORP | $89.1M | 1.9% | +12% | 70.6 |
| 24 |  $QCOM | QUALCOMM INC/DE | $70.3M | 1.5% | -13% | 81.9 |
| 25 |  $ULTA | Ulta Beauty, Inc. | $65.3M | 1.4% | -13% | 66.6 |
| 26 |  $MTB | M&T BANK CORP | $60.7M | 1.3% | -13% | 64.1 |
| 27 |  $CROX | Crocs, Inc. | $42.9M | 0.9% | -13% | 42.1 |
| 28 |  $FRO | Frontline plc | $21.4M | 0.5% | +4% | — |
| 29 |  $WFG | WEST FRASER TIMBER CO., LTD | $7.5M | 0.2% | +110% | — |
| 30 | $OXY | OCCIDENTAL PETROLEUM CORP /DE/ | $6.5M | 0.1% | -1% | 66.3 |
| 31 |  $GTX | Garrett Motion Inc. | $4.6M | 0.1% | +4% | 59.6 |
| 32 | — | ISHARES TR | $1.3M | 0.0% | +43% | — |
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