Smead Capital Management, Inc.
13F Reported Value
ⓘ$4.7B
Holdings
32
Latest Filing
2026-06-30
Filing Quarter
Q2 2026
Portfolio Overview
Smead Capital Management, Inc. disclosed 32 positions worth $4.7B in its Form 13F-HR for Q2 2026, led by $CVE (CENOVUS ENERGY INC.) at 7.1% of the equity portfolio, followed by $SPG and $MRK. During the quarter the fund opened 1 new position and exited 1 — including a new stake in $ZTS and a full exit from $QCOM. The portfolio is most concentrated in Energy (22.9% 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
DiversifyingSector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q2 2026
Click any card to unlockTop Holdings
- 51.9#1,495
Quality
$331.4M13,370,631 sh - 76.7#65
Quality
$313.0M1,399,725 sh - 59.9#898
Quality
$300.0M2,334,468 sh - 47.3
Quality
$289.2M11,481,712 sh - —
Quality
$254.3M7,808,568 sh - 79.2
Quality
$238.7M659,241 sh - 53.6
Quality
$230.3M1,414,221 sh - 69.4
Quality
$192.5M569,063 sh - 56.3
Quality
$192.5M28,248 sh - 60.7
Quality
$184.2M1,409,966 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 CENOVUS ENERGY INC.$CVE | 51.9#1,495 | $331.4M | 13,370,631 |
 SIMON PROPERTY GROUP INC.$SPG | 76.7#65 | $313.0M | 1,399,725 |
 Merck & Co., Inc.$MRK | 59.9#898 | $300.0M | 2,334,468 |
 MACERICH CO$MAC | 47.3 | $289.2M | 11,481,712 |
 APA Corp$APA | — | $254.3M | 7,808,568 |
 AMGEN INC$AMGN | 79.2 | $238.7M | 659,241 |
 HORTON D R INC /DE/$DHI | 53.6 | $230.3M | 1,414,221 |
 AMERICAN EXPRESS CO$AXP | 69.4 | $192.5M | 569,063 |
 NVR INC$NVR | 56.3 | $192.5M | 28,248 |
 TARGET CORP$TGT | 60.7 | $184.2M | 1,409,966 |
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
$1.1B
Financials
$972.2M
Healthcare
$763.8M
Industrials
$737.1M
Real Estate
$602.3M
Consumer Discretionary
$515.9M
Other
$1.2M
Full Holdings — Smead Capital Management, Inc. (Q2 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. | $331.4M | 7.1% | -10% | 51.9 |
| 2 | $SPG | SIMON PROPERTY GROUP INC. | $313.0M | 6.7% | -10% | 76.7 |
| 3 | $MRK | Merck & Co., Inc. | $300.0M | 6.4% | -6% | 59.9 |
| 4 | $MAC | MACERICH CO | $289.2M | 6.2% | -6% | 47.3 |
| 5 | $APA | APA Corp | $254.3M | 5.5% | -6% | — |
| 6 | $AMGN | AMGEN INC | $238.7M | 5.1% | -6% | 79.2 |
| 7 | $DHI | HORTON D R INC /DE/ | $230.3M | 4.9% | -6% | 53.6 |
| 8 | $AXP | AMERICAN EXPRESS CO | $192.5M | 4.1% | -6% | 69.4 |
| 9 | $NVR | NVR INC | $192.5M | 4.1% | +31% | 56.3 |
| 10 | $TGT | TARGET CORP | $184.2M | 4.0% | -6% | 60.7 |
| 11 |  $LEN | LENNAR CORP /NEW/ | $182.8M | 3.9% | +27% | 47.2 |
| 12 |  $FITB | FIFTH THIRD BANCORP | $178.8M | 3.8% | +12% | 63.2 |
| 13 |  $FANG | Diamondback Energy, Inc. | $177.5M | 3.8% | -6% | 76.1 |
| 14 |  $COP | CONOCOPHILLIPS | $164.0M | 3.5% | -6% | 70.2 |
| 15 |  $BAC | BANK OF AMERICA CORP /DE/ | $148.5M | 3.2% | -6% | 67.6 |
| 16 |  $OXY | OCCIDENTAL PETROLEUM CORP /DE/ | $140.4M | 3.0% | -7% | 62.6 |
| 17 |  $UNH | UNITEDHEALTH GROUP INC | $136.5M | 2.9% | -5% | 62.7 |
| 18 |  $WAL | WESTERN ALLIANCE BANCORPORATION | $131.1M | 2.8% | +18% | 67.5 |
| 19 |  $JPM | JPMORGAN CHASE & CO | $128.6M | 2.8% | -6% | 70.7 |
| 20 |  $CACC | CREDIT ACCEPTANCE CORP | $126.6M | 2.7% | -6% | 68.6 |
| 21 |  $UHAL | U-Haul Holding Co /NV/ | $117.2M | 2.5% | -5% | 47.7 |
| 22 |  $HD | HOME DEPOT, INC. | $102.3M | 2.2% | -6% | 60.3 |
| 23 |  $EBAY | EBAY INC | $91.2M | 2.0% | -54% | 66.4 |
| 24 |  $ZTS | Zoetis Inc. | $88.6M | 1.9% | NEW | 68.6 |
| 25 |  $MTB | M&T BANK CORP | $66.1M | 1.4% | -6% | 58.6 |
| 26 |  $CROX | Crocs, Inc. | $59.0M | 1.3% | -5% | 58 |
| 27 |  $ULTA | Ulta Beauty, Inc. | $53.2M | 1.1% | -6% | 67.3 |
| 28 |  $FRO | Frontline plc | $22.0M | 0.5% | +4% | — |
| 29 |  $GTX | Garrett Motion Inc. | $10.0M | 0.2% | +8% | 56.8 |
| 30 |  $WFG | WEST FRASER TIMBER CO., LTD | $8.4M | 0.2% | +8% | — |
| 31 | $OXY | OCCIDENTAL PETROLEUM CORP /DE/ | $1.7M | 0.0% | -57% | 62.6 |
| 32 | — | ISHARES TR - RUS 1000 VAL ETF | $1.2M | 0.0% | -21% | — |
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