Latest Smead Capital Management, Inc. Stock Portfolio

$4.60Billion | No. of Holdings #32

Smead Capital Management, Inc. Performance

2026 Q1+8.58%

YTD+8.58%

2025+4.09%

About Smead Capital Management, Inc. and 13F Hedge Fund Stock Holdings

Smead Capital Management, Inc. is a hedge fund based in Phoenix, AZ. On 2026-05-14, the fund reported it's updated stock portfolio. In the 13F Holdings report, Smead Capital Management, Inc. reported an equity portfolio of $4.6 Billions as of 31 Mar, 2026. <br><br> The top stock holdings of Smead Capital Management, Inc. are CVE, APA, MRK. The fund has invested 8.6% of it's portfolio in CENOVUS ENERGY INC and 7.6% of portfolio in APA CORPORATION. <br><br> They significantly reduced their stock positions in JPMORGAN CHASE & CO (JPM), AMERICAN EXPRESS CO (AXP) and CROCS INC (CROX). The fund showed a lot of confidence in some stocks as they added substantially to WEST FRASER TIMBER LTD (WFG), ISHARES TR (IJR) and UNITEDHEALTH GROUP INC (UNH).

Smead Capital Management, Inc. Equity Portfolio Value

Last Reported on: 14 May, 2026

$4.60Billion

as of May 14, 2026

Smead Capital Management, Inc. Annual Return Estimates Vs S&P 500

Our best estimate is that Smead Capital Management, Inc. made a return of 8.58% in the last quarter. In trailing 12 months, it's portfolio return was 17.45%.

Performance
S&P 500

New Buys

No new stocks were added by Smead Capital Management, Inc.

Additions

Ticker	% Inc.
west fraser timber ltd	109
ishares tr	42.62
unitedhealth group inc	12.43
credit accep corp mich	11.75
garrett motion inc	4.36
frontline plc	4.08

Additions to existing portfolio by Smead Capital Management, Inc.

Reductions

Ticker	% Reduced
jpmorgan chase & co	-26.07
american express co	-21.57
crocs inc	-13.04
u haul holding company	-12.99
apa corporation	-12.98
amgen inc	-12.96
nvr inc	-12.96
lennar corp	-12.95

Smead Capital Management, Inc. reduced stake in above stock

Sold off

None of the stocks were completely sold off by Smead Capital Management, Inc.

Sector Distribution

Smead Capital Management, Inc. has about 21.6% of it's holdings in Energy sector.

Energy
Consumer Cyclical
Financial Services
Healthcare
Real Estate
Others
Consumer Defensive
Industrials
Technology

Sector	%
Energy	21.6
Consumer Cyclical	18.7
Financial Services	17.8
Healthcare	13.9
Real Estate	11.3
Others	9.2
Consumer Defensive	3.9
Industrials	2.1
Technology	1.5

Market Cap. Distribution

Smead Capital Management, Inc. has about 75.2% of it's portfolio invested in the large-cap and mega-cap stocks.

LARGE-CAP
MEGA-CAP
MID-CAP
UNALLOCATED

Category	%
LARGE-CAP	54.9
MEGA-CAP	20.3
MID-CAP	15.6
UNALLOCATED	9.2

Stocks belong to which Index?

About 83.6% of the stocks held by Smead Capital Management, Inc. either belong to S&P 500 or RUSSELL 2000 index.

S&P 500
Others
RUSSELL 2000

Index	%
S&P 500	78.6
Others	16.4
RUSSELL 2000	5

Top 5 Winners (%)		%
OXY	occidental pete corp	121.9 %
APA	apa corporation	68.7 %
FRO	frontline plc	57.2 %
OXY	occidental pete corp	54.4 %
CVE	cenovus energy inc	53.6 %

Top 5 Winners ($)		$
APA	apa corporation	159.8 M
CVE	cenovus energy inc	152.0 M
OXY	occidental pete corp	79.3 M
COP	conocophillips	68.9 M
FANG	diamondback energy inc	54.5 M

Top 5 Losers (%)		%
QCOM	qualcomm inc	-23.1 %
UNH	unitedhealth group inc	-17.2 %
AXP	american express co	-16.3 %
WAL	western alliance bancorp	-14.7 %
LEN	lennar corp	-14.5 %

Top 5 Losers ($)		$
AXP	american express co	-46.3 M
LEN	lennar corp	-27.2 M
QCOM	qualcomm inc	-24.8 M
UNH	unitedhealth group inc	-19.5 M
WAL	western alliance bancorp	-19.3 M

Smead Capital Management, Inc. Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Smead Capital Management, Inc.

Smead Capital Management, Inc. has 32 stocks in it's portfolio. About 57.6% of the portfolio is in top 10 stocks. AXP proved to be the most loss making stock for the portfolio. APA was the most profitable stock for Smead Capital Management, Inc. last quarter.

$4.60BTotal Value

32.00Positions

14 May, 2026Last Reported

Current holdings of Current Stock Holdings of Smead Capital Management, Inc., last reported on 14 May, 2026. Select a row with a linked ticker to view its historical trend.
Holdingsorted ascending	% Portfolio	Shares Held	$ Value	% Change
AMGN Amgen Inc Amgen IncAMGN Smead Capital Management, Inc.'s holding in Amgen Inc over time	5.34%	697,919	$245.56M 5.34%	decreased 12.96 percentreduced

APA Apa Corporation Apa CorporationAPA Smead Capital Management, Inc.'s holding in Apa Corporation over time	7.64%	8,269,820	$350.97M 7.64%	decreased 12.98 percentreduced

AXP American Express Co American Express CoAXP Smead Capital Management, Inc.'s holding in American Express Co over time	3.96%	602,643	$182.29M 3.96%	decreased 21.57 percentreduced

BAC Bank America Corp Bank America CorpBAC Smead Capital Management, Inc.'s holding in Bank America Corp over time	2.93%	2,759,680	$134.53M 2.93%	decreased 12.94 percentreduced

CACC Credit Accep Corp Mich Credit Accep Corp MichCACC Smead Capital Management, Inc.'s holding in Credit Accep Corp Mich over time	1.94%	210,470	$89.13M 1.94%	increased 11.75 percentadded

COP Conocophillips ConocophillipsCOP Smead Capital Management, Inc.'s holding in Conocophillips over time	4.8%	1,671,300	$220.61M 4.8%	decreased 12.84 percentreduced

CROX Crocs Inc Crocs IncCROX Smead Capital Management, Inc.'s holding in Crocs Inc over time	0.93%	517,170	$42.94M 0.93%	decreased 13.04 percentreduced

CVE Cenovus Energy Inc Cenovus Energy Inc CVE Smead Capital Management, Inc.'s holding in Cenovus Energy Inc over time	8.58%	14,868,000	$394.46M 8.58%	decreased 11.31 percentreduced

DHI D R Horton Inc D R Horton IncDHI Smead Capital Management, Inc.'s holding in D R Horton Inc over time	4.47%	1,497,720	$205.52M 4.47%	decreased 12.92 percentreduced

EBAY Ebay Inc. Ebay Inc.EBAY Smead Capital Management, Inc.'s holding in Ebay Inc. over time	3.51%	1,771,490	$161.24M 3.51%	decreased 12.86 percentreduced

FANG Diamondback Energy Inc Diamondback Energy IncFANG Smead Capital Management, Inc.'s holding in Diamondback Energy Inc over time	4.6%	1,069,330	$211.50M 4.6%	decreased 12.91 percentreduced

FITB Fifth Third Bancorp Fifth Third BancorpFITB Smead Capital Management, Inc.'s holding in Fifth Third Bancorp over time	2.86%	2,831,420	$131.55M 2.86%	decreased 12.88 percentreduced

FRO Frontline Plc Frontline Plc FRO Smead Capital Management, Inc.'s holding in Frontline Plc over time	0.47%	610,694	$21.42M 0.47%	increased 4.08 percentadded

GTX Garrett Motion Inc Garrett Motion IncGTX Smead Capital Management, Inc.'s holding in Garrett Motion Inc over time	0.1%	254,910	$4.63M 0.1%	increased 4.36 percentadded

HD Home Depot Inc Home Depot IncHD Smead Capital Management, Inc.'s holding in Home Depot Inc over time	2.2%	307,339	$101.08M 2.2%	decreased 12.89 percentreduced

IJR Ishares Tr Ishares Tr IJR Smead Capital Management, Inc.'s holding in Ishares Tr over time	0.03%	6,264	$1.34M 0.03%	increased 42.62 percentadded

JPM Jpmorgan Chase & Co Jpmorgan Chase & CoJPM Smead Capital Management, Inc.'s holding in Jpmorgan Chase & Co over time	2.66%	416,094	$122.40M 2.66%	decreased 26.07 percentreduced

LEN Lennar Corp Lennar CorpLEN Smead Capital Management, Inc.'s holding in Lennar Corp over time	3%	1,586,220	$137.75M 3%	decreased 12.95 percentreduced

MAC Macerich Co Macerich CoMAC Smead Capital Management, Inc.'s holding in Macerich Co over time	5%	12,155,300	$229.74M 5%	decreased 12.95 percentreduced

MRK Merck & Co Inc Merck & Co IncMRK Smead Capital Management, Inc.'s holding in Merck & Co Inc over time	6.47%	2,471,400	$297.29M 6.47%	decreased 12.93 percentreduced