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Smead Capital Management, Inc.

Institutional InvestorSimilar funds →SEC EDGAR: CIK 1427008
Institutional-grade research for retail investors

Sector Allocation

  • Energy27.3%$1.3B
  • Financials18.7%$880.5M
  • Healthcare17.3%$811.8M
  • Industrials13.0%$611.0M
  • Real Estate10.7%$504.6M
  • Consumer Discretionary8.9%$419.9M
  • Consumer Staples4.1%$193.3M
  • Other0.0%$1.1M

AUM History

13fpro.ai/research/fund/smead-capital-management-inc-1427008

Conviction and streaks

Stable · top 10 = 55.1%

From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.

CVE$CVEConviction hold9.0% weight · held 11 quartersMRK$MRKConviction hold7.1% weight · held 11 quartersAPA$APAConviction hold6.8% weight · held 11 quartersMAC$MACConviction hold5.4% weight · held 11 quartersSPG$SPGConviction hold5.3% weight · held 11 quartersFRO$FROAccumulating+30% shares · 3 quarters runningWFG$WFGAccumulating+252% shares · 3 quarters runningGTX$GTXAccumulating+80% shares · 3 quarters runningLEN$LENAccumulating+44% shares · 2 quarters runningWAL$WALAccumulating+39% shares · 2 quarters runningMAC$MACTrimming-45% shares · 8 quarters runningSPG$SPGTrimming-52% shares · 8 quarters runningAMGN$AMGNTrimming-50% shares · 8 quarters runningDHI$DHITrimming-45% shares · 8 quarters runningAXP$AXPTrimming-66% shares · 8 quarters running

Largest positions — Q3 2026

Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.

13fpro.ai/research/fund/smead-capital-management-inc-1427008

Smead Capital Management, Inc. 13F holdings — Q3 2026

$4.7B portfolio (+0.9% QoQ) · 31 holdings · Q3 2026 13F · top 10 are 55% of the stock portfolio

All holdings — Smead Capital Management, Inc. (Q3 2026)

31 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.

Company
FANG$FANGDiamondback Energy, Inc.$183.4M-1%
NVR$NVRNVR INC$171.3M-1%
AXP$AXPAMERICAN EXPRESS CO$170.9M-1%
OXY$OXYOCCIDENTAL PETROLEUM CORP /DE/$162.6M+2%
FITB$FITBFIFTH THIRD BANCORP$158.1M-1%
WAL$WALWESTERN ALLIANCE BANCORPORATION$142.0M+19%
JPM$JPMJPMORGAN CHASE & CO$127.6M-2%
UNH$UNHUNITEDHEALTH GROUP INC$119.1M-1%
BAC$BACBANK OF AMERICA CORP /DE/$118.0M-17%
ZTS$ZTSZoetis Inc.$110.4M+28%
UHAL$UHALU-Haul Holding Co /NV/$106.0M-1%
CACC$CACCCREDIT ACCEPTANCE CORP$104.3M-1%
EBAY$EBAYEBAY INC$85.5M-1%
CROX$CROXCrocs, Inc.$83.3M+45%
HD$HDHOME DEPOT, INC.$81.5M-1%

What changed in Q3 2026

Against the previous quarter's 13F: 0 new, 9 added to, 22 trimmed, 0 sold out. Share-count changes; largest moves by dollar size first.

New positions (0)

No new positions this quarter.

Added to (9)

  • CROX$CROXCrocs, Inc.+45%

    now $83.3M · held 5 qtrs

  • ZTS$ZTSZoetis Inc.+28%

    now $110.4M · held 2 qtrs, 2 adds in a row

  • WAL$WALWESTERN ALLIANCE BANCORPORATION+19%

    now $142.0M · held 11+ qtrs, 2 adds in a row

  • LEN$LENLENNAR CORP /NEW/+13%

    now $186.4M · held 11+ qtrs, 2 adds in a row

  • FRO$FROFrontline plc+20%

    now $37.7M · held 11+ qtrs, 3 adds in a row

  • CVE$CVECENOVUS ENERGY INC.+1%

    now $421.8M · held 11+ qtrs

+3 more in the Excel export

Trimmed (22)

  • AMGN$AMGNAMGEN INC-11%

    now $247.2M · held 11+ qtrs, 8 trims in a row

  • SPG$SPGSIMON PROPERTY GROUP INC.-10%

    now $252.0M · held 11+ qtrs, 8 trims in a row

  • TGT$TGTTARGET CORP-13%

    now $193.3M · held 11+ qtrs, 5 trims in a row

  • BAC$BACBANK OF AMERICA CORP /DE/-17%

    now $118.0M · held 11+ qtrs, 8 trims in a row

  • MRK$MRKMerck & Co., Inc.-1%

    now $335.1M · held 11+ qtrs, 6 trims in a row

  • MAC$MACMACERICH CO-2%

    now $252.6M · held 11+ qtrs, 8 trims in a row

+16 more in the Excel export

Sold out (0)

No positions sold out this quarter.

Firm AUM (Form ADV): $5.5B as of 2025-12-31 · SEC IAPD

Share

Holdings by quarter

Every 13F Smead Capital Management, Inc. has filed, 41 earlier quarters. Pick one to see what it held then.

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Q3 2026 13F filed with the SEC on Oct 16, 2026. Prices are closing prices as of Oct 26, 2026.

Average quality of Smead Capital Management's top 20 holdings: 63/100 (our AI quality score, weighted by position size; 19 of the 20 are scored)

Top 10 since filing

+2.5%

Value-weighted move of the 10 largest stock positions

Turnover

3%

Last quarter; 10% over the last 4

Top 10 weight

55%

Share of the stock portfolio in its 10 largest positions

Held 4+ quarters

98%

Share of portfolio value in positions held a year or more

Highest-quality names it owns(among its 100 largest positions)

The 8 highest-scoring companies in this portfolio are a Pro feature.

How these are measured
  • Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
  • Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
  • Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
  • Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
  • Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.

Portfolio Overview

Smead Capital Management, Inc. disclosed 31 positions worth $4.7B in its Form 13F-HR for Q3 2026, led by $CVE (CENOVUS ENERGY INC.) at 9.0% of the equity portfolio, followed by $MRK and $APA. The portfolio is most concentrated in Energy (27.3% of disclosed assets). All figures are sourced directly from Smead Capital Management, Inc.’s Form 13F-HR filing with the SEC under CIK 1427008.

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AI-Powered Hedge Fund Analysis: Smead Capital Management, Inc.

13F Pro is an AI hedge fund tracker and stock research platform. For Smead Capital Management, Inc. (SEC CIK: 1427008), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.

Every holding in Smead Capital Management, Inc.'s portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.