Latest Smead Capital Management, Inc. Stock Portfolio

Smead Capital Management, Inc. Performance:

2025 Q4: -0.01%YTD: 3.92%2024: 2.96%

Performance for 2025 Q4 is -0.01%, and YTD is 3.92%, and 2024 is 2.96%.

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

Smead Capital Management, Inc. is a hedge fund based in Phoenix, AZ. On 2026-02-09, the fund reported it's updated stock portfolio. In the 13F Holdings report, Smead Capital Management, Inc. reported an equity portfolio of $4.8 Billions as of 31 Dec, 2025.

The top stock holdings of Smead Capital Management, Inc. are SPG, MRK, AXP. The fund has invested 6.9% of it's portfolio in SIMON PPTY GROUP INC NEW and 6.2% of portfolio in MERCK & CO INC.

The fund managers got completely rid off OVINTIV INC (OVV), DEVON ENERGY CORP NEW (DVN) and VANGUARD INDEX FDS (VB) stocks. They significantly reduced their stock positions in WEST FRASER TIMBER CO LTD, ISHARES TR (IJR) and HOME DEPOT INC (HD). Smead Capital Management, Inc. opened new stock positions in GARRETT MOTION INC (GTX). The fund showed a lot of confidence in some stocks as they added substantially to FIFTH THIRD BANCORP (FITB), WESTERN ALLIANCE BANCORP (WAL) and CONOCOPHILLIPS (COP).

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

Our best estimate is that Smead Capital Management, Inc. made a return of -0.01% in the last quarter. In trailing 12 months, it's portfolio return was 3.92%.

Performance
S&P 500

New Buys

Ticker	$ Bought
garrett motion inc	4,257,470

New stocks bought by Smead Capital Management, Inc.

Additions

Ticker	% Inc.
fifth third bancorp	99.89
western alliance bancorp	16.78
conocophillips	9.36
cenovus energy inc	2.28

Additions to existing portfolio by Smead Capital Management, Inc.

Reductions

Ticker	% Reduced
west fraser timber co ltd	-54.58
ishares tr	-20.23
home depot inc	-6.51
american express co	-6.5
jpmorgan chase & co.	-6.5
credit accep corp mich	-6.49
lennar corp	-6.49
nvr inc	-6.49

Smead Capital Management, Inc. reduced stake in above stock

Sold off

Ticker	$ Sold
ovintiv inc	-139,687,000
devon energy corp new	-51,849,800
vanguard index fds	-245,564

Smead Capital Management, Inc. got rid off the above stocks

Sector Distribution

Smead Capital Management, Inc. has about 22.3% of it's holdings in Financial Services sector.

Sector	%
Financial Services	22.3
Consumer Cyclical	21.9
Energy	15.5
Healthcare	13.8
Real Estate	12.2
Others	6.2
Consumer Defensive	3.5
Industrials	2.4
Technology	2.2

Market Cap. Distribution

Smead Capital Management, Inc. has about 82.8% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	64.6
MEGA-CAP	18.2
MID-CAP	10.9
UNALLOCATED	6.2

Stocks belong to which Index?

About 85.7% of the stocks held by Smead Capital Management, Inc. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	80.4
Others	14.2
RUSSELL 2000	5.3

Top 5 Winners (%)		%
MRK	merck & co inc	24.6 %
AMGN	amgen inc	15.5 %
AXP	american express co	11.0 %
ULTA	ulta beauty inc	10.3 %
TGT	target corp	8.7 %

Top 5 Winners ($)		$
MRK	merck & co inc	62.6 M
AMGN	amgen inc	37.4 M
AXP	american express co	30.0 M
TGT	target corp	14.3 M
BAC	bank america corp	11.2 M

Top 5 Losers (%)		%
OXY	occidental pete corp	-24.4 %
LEN	lennar corp	-17.8 %
HD	home depot inc	-14.6 %
DHI	d r horton inc	-14.5 %
OXY	occidental pete corp	-12.6 %

Top 5 Losers ($)		$
DHI	d r horton inc	-45.3 M
LEN	lennar corp	-43.8 M
OXY	occidental pete corp	-22.5 M
HD	home depot inc	-22.3 M
NVR	nvr inc	-19.0 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 53.3% of the portfolio is in top 10 stocks. DHI proved to be the most loss making stock for the portfolio. MRK was the most profitable stock for Smead Capital Management, Inc. last quarter.

Last Reported on: 09 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AMGN	amgen inc	5.45	801,796	262,436,000	reduced	-6.48

APA	apa corporation	4.82	9,503,040	232,444,000	reduced	-6.48

AXP	american express co	5.90	768,431	284,281,000	reduced	-6.5

BAC	bank america corp	3.62	3,169,800	174,339,000	reduced	-6.48

CACC	credit accep corp mich	1.73	188,334	83,518,400	reduced	-6.49

COP	conocophillips	3.72	1,917,540	179,501,000	added	9.36

CROX	crocs inc	1.05	594,690	50,857,900	reduced	-6.21

DHI	d r horton inc	5.14	1,719,920	247,721,000	reduced	-6.48

DVN	devon energy corp new	0.00	0.00	0.00	sold off	-100

EBAY	ebay inc.	3.67	2,032,890	177,064,000	reduced	-6.48

FANG	diamondback energy inc	3.83	1,227,770	184,571,000	reduced	-6.45

FITB	fifth third bancorp	3.16	3,250,140	152,139,000	added	99.89

FRO	frontline plc	0.27	586,729	12,936,900	reduced	-0.6

GTX	garrett motion inc	0.09	244,261	4,257,470	new

HD	home depot inc	2.52	352,819	121,405,000	reduced	-6.51

IJR	ishares tr	0.02	4,392	923,751	reduced	-20.23

JPM	jpmorgan chase & co.	3.76	562,792	181,343,000	reduced	-6.5

LEN	lennar corp	3.89	1,822,290	187,332,000	reduced	-6.49

MAC	macerich co	5.35	13,963,800	257,772,000	reduced	-6.48

MRK	merck & co inc	6.20	2,838,300	298,759,000	reduced	-6.47