Filed: 2/9/2026ACC: 0001172661-26-000531
📋 What this filing means
SMEAD CAPITAL MANAGEMENT, INC. filed this quarterly 13F‑HR report disclosing 32 equity positions with a total reported market value of $4.82B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
32
Positions
$4.82B
Total AUM (reported)
75.04M
Total Shares
Allocation by class
COM$4.51B93.6%
CL A$187.33M3.9%
COM SER N$115.31M2.4%
*W EXP 08/03/202$2.95M0.1%
RUS 1000 VAL ETF$923.8K0.0%
Portfolio Concentration
Top 3$914.63M19.0%
4–10$1.66B34.4%
11–25$2.11B43.7%
Rest$143.29M3.0%
Top 3 weight
19.0%
Top 10 weight
53.3%
Voting Authority Distribution
Total shares with voting rights: 75.04M
Sole
Full voting authority
75.04M
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)
Sole32
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings32
Rows:
SIMON PPTY GROUP INC NEW
SOLEShares1.79M
TypeSH
Market value$331.59M
6.88%
Sole
1.79M
Shared
0.00
None
0.00
MERCK & CO INC
SOLEShares2.84M
TypeSH
Market value$298.76M
6.20%
Sole
2.84M
Shared
0.00
None
0.00
AMERICAN EXPRESS CO
SOLEShares768.43K
TypeSH
Market value$284.28M
5.90%
Sole
768.43K
Shared
0.00
None
0.00
CENOVUS ENERGY INC
SOLEShares16.76M
TypeSH
Market value$283.63M
5.89%
Sole
16.76M
Shared
0.00
None
0.00
AMGEN INC
SOLEShares801.80K
TypeSH
Market value$262.44M
5.45%
Sole
801.80K
Shared
0.00
None
0.00
MACERICH CO
SOLEShares13.96M
TypeSH
Market value$257.77M
5.35%
Sole
13.96M
Shared
0.00
None
0.00
D R HORTON INC
SOLEShares1.72M
TypeSH
Market value$247.72M
5.14%
Sole
1.72M
Shared
0.00
None
0.00
APA CORPORATION
SOLEShares9.50M
TypeSH
Market value$232.44M
4.82%
Sole
9.50M
Shared
0.00
None
0.00
LENNAR CORP
SOLEShares1.82M
TypeSH
Market value$187.33M
3.89%
Sole
1.82M
Shared
0.00
None
0.00
DIAMONDBACK ENERGY INC
SOLEShares1.23M
TypeSH
Market value$184.57M
3.83%
Sole
1.23M
Shared
0.00
None
0.00
JPMORGAN CHASE & CO.
SOLEShares562.79K
TypeSH
Market value$181.34M
3.76%
Sole
562.79K
Shared
0.00
None
0.00
NVR INC
SOLEShares24.75K
TypeSH
Market value$180.46M
3.74%
Sole
24.75K
Shared
0.00
None
0.00
CONOCOPHILLIPS
SOLEShares1.92M
TypeSH
Market value$179.50M
3.72%
Sole
1.92M
Shared
0.00
None
0.00
EBAY INC.
SOLEShares2.03M
TypeSH
Market value$177.06M
3.67%
Sole
2.03M
Shared
0.00
None
0.00
BANK AMERICA CORP
SOLEShares3.17M
TypeSH
Market value$174.34M
3.62%
Sole
3.17M
Shared
0.00
None
0.00
TARGET CORP
SOLEShares1.71M
TypeSH
Market value$167.54M
3.48%
Sole
1.71M
Shared
0.00
None
0.00
FIFTH THIRD BANCORP
SOLEShares3.25M
TypeSH
Market value$152.14M
3.16%
Sole
3.25M
Shared
0.00
None
0.00
OCCIDENTAL PETE CORP
SOLEShares3.55M
TypeSH
Market value$145.78M
3.03%
Sole
3.55M
Shared
0.00
None
0.00
WESTERN ALLIANCE BANCORP
SOLEShares1.56M
TypeSH
Market value$130.89M
2.72%
Sole
1.56M
Shared
0.00
None
0.00
HOME DEPOT INC
SOLEShares352.82K
TypeSH
Market value$121.40M
2.52%
Sole
352.82K
Shared
0.00
None
0.00
U HAUL HOLDING COMPANY
SOLEShares2.47M
TypeSH
Market value$115.31M
2.39%
Sole
2.47M
Shared
0.00
None
0.00
QUALCOMM INC
SOLEShares626.94K
TypeSH
Market value$107.24M
2.23%
Sole
626.94K
Shared
0.00
None
0.00
UNITEDHEALTH GROUP INC
SOLEShares308.72K
TypeSH
Market value$101.91M
2.11%
Sole
308.72K
Shared
0.00
None
0.00
ULTA BEAUTY INC
SOLEShares143.48K
TypeSH
Market value$86.81M
1.80%
Sole
143.48K
Shared
0.00
None
0.00
CREDIT ACCEP CORP MICH
SOLEShares188.33K
TypeSH
Market value$83.52M
1.73%
Sole
188.33K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SIMON PPTY GROUP INC NEWSOLE | COM | 1.79M | SH | $331.59M 6.88% | 1.79M | 0.00 | 0.00 |
MERCK & CO INCSOLE | COM | 2.84M | SH | $298.76M 6.20% | 2.84M | 0.00 | 0.00 |
AMERICAN EXPRESS COSOLE | COM | 768.43K | SH | $284.28M 5.90% | 768.43K | 0.00 | 0.00 |
CENOVUS ENERGY INCSOLE | COM | 16.76M | SH | $283.63M 5.89% | 16.76M | 0.00 | 0.00 |
AMGEN INCSOLE | COM | 801.80K | SH | $262.44M 5.45% | 801.80K | 0.00 | 0.00 |
MACERICH COSOLE | COM | 13.96M | SH | $257.77M 5.35% | 13.96M | 0.00 | 0.00 |
D R HORTON INCSOLE | COM | 1.72M | SH | $247.72M 5.14% | 1.72M | 0.00 | 0.00 |
APA CORPORATIONSOLE | COM | 9.50M | SH | $232.44M 4.82% | 9.50M | 0.00 | 0.00 |
LENNAR CORPSOLE | CL A | 1.82M | SH | $187.33M 3.89% | 1.82M | 0.00 | 0.00 |
DIAMONDBACK ENERGY INCSOLE | COM | 1.23M | SH | $184.57M 3.83% | 1.23M | 0.00 | 0.00 |
JPMORGAN CHASE & CO.SOLE | COM | 562.79K | SH | $181.34M 3.76% | 562.79K | 0.00 | 0.00 |
NVR INCSOLE | COM | 24.75K | SH | $180.46M 3.74% | 24.75K | 0.00 | 0.00 |
CONOCOPHILLIPSSOLE | COM | 1.92M | SH | $179.50M 3.72% | 1.92M | 0.00 | 0.00 |
EBAY INC.SOLE | COM | 2.03M | SH | $177.06M 3.67% | 2.03M | 0.00 | 0.00 |
BANK AMERICA CORPSOLE | COM | 3.17M | SH | $174.34M 3.62% | 3.17M | 0.00 | 0.00 |
TARGET CORPSOLE | COM | 1.71M | SH | $167.54M 3.48% | 1.71M | 0.00 | 0.00 |
FIFTH THIRD BANCORPSOLE | COM | 3.25M | SH | $152.14M 3.16% | 3.25M | 0.00 | 0.00 |
OCCIDENTAL PETE CORPSOLE | COM | 3.55M | SH | $145.78M 3.03% | 3.55M | 0.00 | 0.00 |
WESTERN ALLIANCE BANCORPSOLE | COM | 1.56M | SH | $130.89M 2.72% | 1.56M | 0.00 | 0.00 |
HOME DEPOT INCSOLE | COM | 352.82K | SH | $121.40M 2.52% | 352.82K | 0.00 | 0.00 |
U HAUL HOLDING COMPANYSOLE | COM SER N | 2.47M | SH | $115.31M 2.39% | 2.47M | 0.00 | 0.00 |
QUALCOMM INCSOLE | COM | 626.94K | SH | $107.24M 2.23% | 626.94K | 0.00 | 0.00 |
UNITEDHEALTH GROUP INCSOLE | COM | 308.72K | SH | $101.91M 2.11% | 308.72K | 0.00 | 0.00 |
ULTA BEAUTY INCSOLE | COM | 143.48K | SH | $86.81M 1.80% | 143.48K | 0.00 | 0.00 |
CREDIT ACCEP CORP MICHSOLE | COM | 188.33K | SH | $83.52M 1.73% | 188.33K | 0.00 | 0.00 |
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