Filed: 2/12/2025ACC: 0001172661-25-000683
📋 What this filing means
SMEAD CAPITAL MANAGEMENT, INC. filed this quarterly 13F‑HR report disclosing 34 equity positions with a total reported market value of $6.45B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
34
Positions
$6.45B
Total AUM (reported)
106.51M
Total Shares
Allocation by class
COM$5.78B89.6%
CL A$355.05M5.5%
COM SER N$157.36M2.4%
CL B NEW$93.81M1.5%
COMMON STOCK$61.12M0.9%
*W EXP 08/03/202$4.30M0.1%
RUS 1000 VAL ETF$1.34M0.0%
Portfolio Concentration
Top 3$1.24B19.2%
4–10$2.23B34.6%
11–25$2.68B41.6%
Rest$298.41M4.6%
Top 3 weight
19.2%
Top 10 weight
53.8%
Voting Authority Distribution
Total shares with voting rights: 106.51M
Sole
Full voting authority
106.51M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole34
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings34
Rows:
SIMON PPTY GROUP INC NEW
SOLEShares2.56M
TypeSH
Market value$440.56M
6.83%
Sole
2.56M
Shared
0.00
None
0.00
AMERICAN EXPRESS CO
SOLEShares1.34M
TypeSH
Market value$399.01M
6.19%
Sole
1.34M
Shared
0.00
None
0.00
MACERICH CO
SOLEShares19.95M
TypeSH
Market value$397.40M
6.16%
Sole
19.95M
Shared
0.00
None
0.00
LENNAR CORP
SOLEShares2.60M
TypeSH
Market value$355.05M
5.50%
Sole
2.60M
Shared
0.00
None
0.00
D R HORTON INC
SOLEShares2.46M
TypeSH
Market value$343.53M
5.33%
Sole
2.46M
Shared
0.00
None
0.00
MERCK & CO INC
SOLEShares3.30M
TypeSH
Market value$328.30M
5.09%
Sole
3.30M
Shared
0.00
None
0.00
OCCIDENTAL PETE CORP
SOLEShares6.55M
TypeSH
Market value$323.59M
5.02%
Sole
6.55M
Shared
0.00
None
0.00
AMGEN INC
SOLEShares1.15M
TypeSH
Market value$298.45M
4.63%
Sole
1.15M
Shared
0.00
None
0.00
APA CORPORATION
SOLEShares12.68M
TypeSH
Market value$292.81M
4.54%
Sole
12.68M
Shared
0.00
None
0.00
NVR INC
SOLEShares35.35K
TypeSH
Market value$289.17M
4.48%
Sole
35.35K
Shared
0.00
None
0.00
BANK AMERICA CORP
SOLEShares6.20M
TypeSH
Market value$272.31M
4.22%
Sole
6.20M
Shared
0.00
None
0.00
JPMORGAN CHASE & CO.
SOLEShares1.08M
TypeSH
Market value$259.01M
4.02%
Sole
1.08M
Shared
0.00
None
0.00
OVINTIV INC
SOLEShares6.14M
TypeSH
Market value$248.78M
3.86%
Sole
6.14M
Shared
0.00
None
0.00
CENOVUS ENERGY INC
SOLEShares15.12M
TypeSH
Market value$229.10M
3.55%
Sole
15.12M
Shared
0.00
None
0.00
EBAY INC.
SOLEShares3.64M
TypeSH
Market value$225.36M
3.49%
Sole
3.64M
Shared
0.00
None
0.00
CONOCOPHILLIPS
SOLEShares2.14M
TypeSH
Market value$212.71M
3.30%
Sole
2.14M
Shared
0.00
None
0.00
TARGET CORP
SOLEShares1.49M
TypeSH
Market value$201.57M
3.13%
Sole
1.49M
Shared
0.00
None
0.00
HOME DEPOT INC
SOLEShares503.88K
TypeSH
Market value$196.00M
3.04%
Sole
503.88K
Shared
0.00
None
0.00
DEVON ENERGY CORP NEW
SOLEShares5.73M
TypeSH
Market value$187.69M
2.91%
Sole
5.73M
Shared
0.00
None
0.00
U HAUL HOLDING COMPANY
SOLEShares2.46M
TypeSH
Market value$157.36M
2.44%
Sole
2.46M
Shared
0.00
None
0.00
WESTERN ALLIANCE BANCORP
SOLEShares1.32M
TypeSH
Market value$110.12M
1.71%
Sole
1.32M
Shared
0.00
None
0.00
QUALCOMM INC
SOLEShares671.27K
TypeSH
Market value$103.12M
1.60%
Sole
671.27K
Shared
0.00
None
0.00
CREDIT ACCEP CORP MICH
SOLEShares202.91K
TypeSH
Market value$95.26M
1.48%
Sole
202.91K
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY INC DEL
SOLEShares206.95K
TypeSH
Market value$93.81M
1.45%
Sole
206.95K
Shared
0.00
None
0.00
FIFTH THIRD BANCORP
SOLEShares2.17M
TypeSH
Market value$91.81M
1.42%
Sole
2.17M
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SIMON PPTY GROUP INC NEWSOLE | COM | 2.56M | SH | $440.56M 6.83% | 2.56M | 0.00 | 0.00 |
AMERICAN EXPRESS COSOLE | COM | 1.34M | SH | $399.01M 6.19% | 1.34M | 0.00 | 0.00 |
MACERICH COSOLE | COM | 19.95M | SH | $397.40M 6.16% | 19.95M | 0.00 | 0.00 |
LENNAR CORPSOLE | CL A | 2.60M | SH | $355.05M 5.50% | 2.60M | 0.00 | 0.00 |
D R HORTON INCSOLE | COM | 2.46M | SH | $343.53M 5.33% | 2.46M | 0.00 | 0.00 |
MERCK & CO INCSOLE | COM | 3.30M | SH | $328.30M 5.09% | 3.30M | 0.00 | 0.00 |
OCCIDENTAL PETE CORPSOLE | COM | 6.55M | SH | $323.59M 5.02% | 6.55M | 0.00 | 0.00 |
AMGEN INCSOLE | COM | 1.15M | SH | $298.45M 4.63% | 1.15M | 0.00 | 0.00 |
APA CORPORATIONSOLE | COM | 12.68M | SH | $292.81M 4.54% | 12.68M | 0.00 | 0.00 |
NVR INCSOLE | COM | 35.35K | SH | $289.17M 4.48% | 35.35K | 0.00 | 0.00 |
BANK AMERICA CORPSOLE | COM | 6.20M | SH | $272.31M 4.22% | 6.20M | 0.00 | 0.00 |
JPMORGAN CHASE & CO.SOLE | COM | 1.08M | SH | $259.01M 4.02% | 1.08M | 0.00 | 0.00 |
OVINTIV INCSOLE | COM | 6.14M | SH | $248.78M 3.86% | 6.14M | 0.00 | 0.00 |
CENOVUS ENERGY INCSOLE | COM | 15.12M | SH | $229.10M 3.55% | 15.12M | 0.00 | 0.00 |
EBAY INC.SOLE | COM | 3.64M | SH | $225.36M 3.49% | 3.64M | 0.00 | 0.00 |
CONOCOPHILLIPSSOLE | COM | 2.14M | SH | $212.71M 3.30% | 2.14M | 0.00 | 0.00 |
TARGET CORPSOLE | COM | 1.49M | SH | $201.57M 3.13% | 1.49M | 0.00 | 0.00 |
HOME DEPOT INCSOLE | COM | 503.88K | SH | $196.00M 3.04% | 503.88K | 0.00 | 0.00 |
DEVON ENERGY CORP NEWSOLE | COM | 5.73M | SH | $187.69M 2.91% | 5.73M | 0.00 | 0.00 |
U HAUL HOLDING COMPANYSOLE | COM SER N | 2.46M | SH | $157.36M 2.44% | 2.46M | 0.00 | 0.00 |
WESTERN ALLIANCE BANCORPSOLE | COM | 1.32M | SH | $110.12M 1.71% | 1.32M | 0.00 | 0.00 |
QUALCOMM INCSOLE | COM | 671.27K | SH | $103.12M 1.60% | 671.27K | 0.00 | 0.00 |
CREDIT ACCEP CORP MICHSOLE | COM | 202.91K | SH | $95.26M 1.48% | 202.91K | 0.00 | 0.00 |
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 206.95K | SH | $93.81M 1.45% | 206.95K | 0.00 | 0.00 |
FIFTH THIRD BANCORPSOLE | COM | 2.17M | SH | $91.81M 1.42% | 2.17M | 0.00 | 0.00 |
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