Filed: 5/14/2025ACC: 0001172661-25-001874
📋 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 $5.83B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
34
Positions
$5.83B
Total AUM (reported)
102.63M
Total Shares
Allocation by class
COM$5.23B89.6%
CL A$272.89M4.7%
COM SER N$142.10M2.4%
CL B NEW$100.69M1.7%
COMMON STOCK$55.26M0.9%
COM CL A$31.45M0.5%
*W EXP 08/03/202$4.28M0.1%
Portfolio Concentration
Top 3$1.04B17.9%
4–10$1.98B34.0%
11–25$2.53B43.4%
Rest$271.57M4.7%
Top 3 weight
17.9%
Top 10 weight
51.9%
Voting Authority Distribution
Total shares with voting rights: 102.63M
Sole
Full voting authority
102.63M
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
SOLEShares2.34M
TypeSH
Market value$388.10M
6.65%
Sole
2.34M
Shared
0.00
None
0.00
AMERICAN EXPRESS CO
SOLEShares1.23M
TypeSH
Market value$330.47M
5.67%
Sole
1.23M
Shared
0.00
None
0.00
AMGEN INC
SOLEShares1.05M
TypeSH
Market value$325.89M
5.59%
Sole
1.05M
Shared
0.00
None
0.00
MACERICH CO
SOLEShares18.21M
TypeSH
Market value$312.74M
5.36%
Sole
18.21M
Shared
0.00
None
0.00
MERCK & CO INC
SOLEShares3.33M
TypeSH
Market value$299.31M
5.13%
Sole
3.33M
Shared
0.00
None
0.00
OCCIDENTAL PETE CORP
SOLEShares5.94M
TypeSH
Market value$293.10M
5.02%
Sole
5.94M
Shared
0.00
None
0.00
D R HORTON INC
SOLEShares2.24M
TypeSH
Market value$285.24M
4.89%
Sole
2.24M
Shared
0.00
None
0.00
LENNAR CORP
SOLEShares2.38M
TypeSH
Market value$272.89M
4.68%
Sole
2.38M
Shared
0.00
None
0.00
APA CORPORATION
SOLEShares12.40M
TypeSH
Market value$260.75M
4.47%
Sole
12.40M
Shared
0.00
None
0.00
OVINTIV INC
SOLEShares6.05M
TypeSH
Market value$258.92M
4.44%
Sole
6.05M
Shared
0.00
None
0.00
JPMORGAN CHASE & CO.
SOLEShares987.15K
TypeSH
Market value$242.15M
4.15%
Sole
987.15K
Shared
0.00
None
0.00
BANK AMERICA CORP
SOLEShares5.66M
TypeSH
Market value$236.21M
4.05%
Sole
5.66M
Shared
0.00
None
0.00
NVR INC
SOLEShares32.28K
TypeSH
Market value$233.87M
4.01%
Sole
32.28K
Shared
0.00
None
0.00
EBAY INC.
SOLEShares3.32M
TypeSH
Market value$225.09M
3.86%
Sole
3.32M
Shared
0.00
None
0.00
CONOCOPHILLIPS
SOLEShares2.14M
TypeSH
Market value$224.68M
3.85%
Sole
2.14M
Shared
0.00
None
0.00
CENOVUS ENERGY INC
SOLEShares15.50M
TypeSH
Market value$215.42M
3.69%
Sole
15.50M
Shared
0.00
None
0.00
DEVON ENERGY CORP NEW
SOLEShares5.71M
TypeSH
Market value$213.42M
3.66%
Sole
5.71M
Shared
0.00
None
0.00
TARGET CORP
SOLEShares1.64M
TypeSH
Market value$170.97M
2.93%
Sole
1.64M
Shared
0.00
None
0.00
HOME DEPOT INC
SOLEShares460.32K
TypeSH
Market value$168.70M
2.89%
Sole
460.32K
Shared
0.00
None
0.00
U HAUL HOLDING COMPANY
SOLEShares2.40M
TypeSH
Market value$142.10M
2.44%
Sole
2.40M
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY INC DEL
SOLEShares189.06K
TypeSH
Market value$100.69M
1.73%
Sole
189.06K
Shared
0.00
None
0.00
CREDIT ACCEP CORP MICH
SOLEShares185.37K
TypeSH
Market value$95.72M
1.64%
Sole
185.37K
Shared
0.00
None
0.00
QUALCOMM INC
SOLEShares613.10K
TypeSH
Market value$94.18M
1.61%
Sole
613.10K
Shared
0.00
None
0.00
WESTERN ALLIANCE BANCORP
SOLEShares1.20M
TypeSH
Market value$92.51M
1.59%
Sole
1.20M
Shared
0.00
None
0.00
M & T BK CORP
SOLEShares440.38K
TypeSH
Market value$78.72M
1.35%
Sole
440.38K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SIMON PPTY GROUP INC NEWSOLE | COM | 2.34M | SH | $388.10M 6.65% | 2.34M | 0.00 | 0.00 |
AMERICAN EXPRESS COSOLE | COM | 1.23M | SH | $330.47M 5.67% | 1.23M | 0.00 | 0.00 |
AMGEN INCSOLE | COM | 1.05M | SH | $325.89M 5.59% | 1.05M | 0.00 | 0.00 |
MACERICH COSOLE | COM | 18.21M | SH | $312.74M 5.36% | 18.21M | 0.00 | 0.00 |
MERCK & CO INCSOLE | COM | 3.33M | SH | $299.31M 5.13% | 3.33M | 0.00 | 0.00 |
OCCIDENTAL PETE CORPSOLE | COM | 5.94M | SH | $293.10M 5.02% | 5.94M | 0.00 | 0.00 |
D R HORTON INCSOLE | COM | 2.24M | SH | $285.24M 4.89% | 2.24M | 0.00 | 0.00 |
LENNAR CORPSOLE | CL A | 2.38M | SH | $272.89M 4.68% | 2.38M | 0.00 | 0.00 |
APA CORPORATIONSOLE | COM | 12.40M | SH | $260.75M 4.47% | 12.40M | 0.00 | 0.00 |
OVINTIV INCSOLE | COM | 6.05M | SH | $258.92M 4.44% | 6.05M | 0.00 | 0.00 |
JPMORGAN CHASE & CO.SOLE | COM | 987.15K | SH | $242.15M 4.15% | 987.15K | 0.00 | 0.00 |
BANK AMERICA CORPSOLE | COM | 5.66M | SH | $236.21M 4.05% | 5.66M | 0.00 | 0.00 |
NVR INCSOLE | COM | 32.28K | SH | $233.87M 4.01% | 32.28K | 0.00 | 0.00 |
EBAY INC.SOLE | COM | 3.32M | SH | $225.09M 3.86% | 3.32M | 0.00 | 0.00 |
CONOCOPHILLIPSSOLE | COM | 2.14M | SH | $224.68M 3.85% | 2.14M | 0.00 | 0.00 |
CENOVUS ENERGY INCSOLE | COM | 15.50M | SH | $215.42M 3.69% | 15.50M | 0.00 | 0.00 |
DEVON ENERGY CORP NEWSOLE | COM | 5.71M | SH | $213.42M 3.66% | 5.71M | 0.00 | 0.00 |
TARGET CORPSOLE | COM | 1.64M | SH | $170.97M 2.93% | 1.64M | 0.00 | 0.00 |
HOME DEPOT INCSOLE | COM | 460.32K | SH | $168.70M 2.89% | 460.32K | 0.00 | 0.00 |
U HAUL HOLDING COMPANYSOLE | COM SER N | 2.40M | SH | $142.10M 2.44% | 2.40M | 0.00 | 0.00 |
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 189.06K | SH | $100.69M 1.73% | 189.06K | 0.00 | 0.00 |
CREDIT ACCEP CORP MICHSOLE | COM | 185.37K | SH | $95.72M 1.64% | 185.37K | 0.00 | 0.00 |
QUALCOMM INCSOLE | COM | 613.10K | SH | $94.18M 1.61% | 613.10K | 0.00 | 0.00 |
WESTERN ALLIANCE BANCORPSOLE | COM | 1.20M | SH | $92.51M 1.59% | 1.20M | 0.00 | 0.00 |
M & T BK CORPSOLE | COM | 440.38K | SH | $78.72M 1.35% | 440.38K | 0.00 | 0.00 |
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