Filed: 8/11/2026ACC: 0001172661-26-003262
📋 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 $4.66B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
32
Positions
$4.66B
Total AUM (reported)
62.63M
Total Shares
Allocation by class
COM$4.27B91.6%
CL A$271.45M5.8%
COM SER N$117.20M2.5%
*W EXP 08/03/202$1.74M0.0%
RUS 1000 VAL ETF$1.20M0.0%
Portfolio Concentration
Top 3$944.48M20.3%
4–10$1.58B33.9%
11–25$1.98B42.5%
Rest$155.49M3.3%
Top 3 weight
20.3%
Top 10 weight
54.2%
Voting Authority Distribution
Total shares with voting rights: 62.63M
Sole
Full voting authority
62.63M
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)
Sole32
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings32
Rows:
CENOVUS ENERGY INC
SOLEShares13.37M
TypeSH
Market value$331.45M
7.11%
Sole
13.37M
Shared
0.00
None
0.00
SIMON PPTY GROUP INC NEW
SOLEShares1.40M
TypeSH
Market value$313.05M
6.71%
Sole
1.40M
Shared
0.00
None
0.00
MERCK & CO INC
SOLEShares2.33M
TypeSH
Market value$299.98M
6.43%
Sole
2.33M
Shared
0.00
None
0.00
MACERICH CO
SOLEShares11.48M
TypeSH
Market value$289.22M
6.20%
Sole
11.48M
Shared
0.00
None
0.00
APA CORPORATION
SOLEShares7.81M
TypeSH
Market value$254.33M
5.46%
Sole
7.81M
Shared
0.00
None
0.00
AMGEN INC
SOLEShares659.24K
TypeSH
Market value$238.72M
5.12%
Sole
659.24K
Shared
0.00
None
0.00
D R HORTON INC
SOLEShares1.41M
TypeSH
Market value$230.35M
4.94%
Sole
1.41M
Shared
0.00
None
0.00
AMERICAN EXPRESS CO
SOLEShares569.06K
TypeSH
Market value$192.49M
4.13%
Sole
569.06K
Shared
0.00
None
0.00
NVR INC
SOLEShares28.25K
TypeSH
Market value$192.47M
4.13%
Sole
28.25K
Shared
0.00
None
0.00
TARGET CORP
SOLEShares1.41M
TypeSH
Market value$184.16M
3.95%
Sole
1.41M
Shared
0.00
None
0.00
LENNAR CORP
SOLEShares2.02M
TypeSH
Market value$182.83M
3.92%
Sole
2.02M
Shared
0.00
None
0.00
FIFTH THIRD BANCORP
SOLEShares3.17M
TypeSH
Market value$178.80M
3.84%
Sole
3.17M
Shared
0.00
None
0.00
DIAMONDBACK ENERGY INC
SOLEShares1.01M
TypeSH
Market value$177.54M
3.81%
Sole
1.01M
Shared
0.00
None
0.00
CONOCOPHILLIPS
SOLEShares1.58M
TypeSH
Market value$164.03M
3.52%
Sole
1.58M
Shared
0.00
None
0.00
BANK OF AMER CORP
SOLEShares2.61M
TypeSH
Market value$148.54M
3.19%
Sole
2.61M
Shared
0.00
None
0.00
OCCIDENTAL PETE CORP
SOLEShares2.89M
TypeSH
Market value$140.37M
3.01%
Sole
2.89M
Shared
0.00
None
0.00
UNITEDHEALTH GROUP INC
SOLEShares328.41K
TypeSH
Market value$136.50M
2.93%
Sole
328.41K
Shared
0.00
None
0.00
WESTERN ALLIANCE BANCORP
SOLEShares1.59M
TypeSH
Market value$131.08M
2.81%
Sole
1.59M
Shared
0.00
None
0.00
JPMORGAN CHASE & CO
SOLEShares392.90K
TypeSH
Market value$128.61M
2.76%
Sole
392.90K
Shared
0.00
None
0.00
CREDIT ACCEP CORP MICH
SOLEShares198.81K
TypeSH
Market value$126.59M
2.72%
Sole
198.81K
Shared
0.00
None
0.00
U HAUL HOLDING COMPANY
SOLEShares2.03M
TypeSH
Market value$117.20M
2.51%
Sole
2.03M
Shared
0.00
None
0.00
HOME DEPOT INC
SOLEShares290.16K
TypeSH
Market value$102.33M
2.20%
Sole
290.16K
Shared
0.00
None
0.00
EBAY INC.
SOLEShares815.92K
TypeSH
Market value$91.18M
1.96%
Sole
815.92K
Shared
0.00
None
0.00
ZOETIS INC
SOLEShares1.23M
TypeSH
Market value$88.62M
1.90%
Sole
1.23M
Shared
0.00
None
0.00
M & T BK CORP
SOLEShares277.59K
TypeSH
Market value$66.07M
1.42%
Sole
277.59K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
CENOVUS ENERGY INCSOLE | COM | 13.37M | SH | $331.45M 7.11% | 13.37M | 0.00 | 0.00 |
SIMON PPTY GROUP INC NEWSOLE | COM | 1.40M | SH | $313.05M 6.71% | 1.40M | 0.00 | 0.00 |
MERCK & CO INCSOLE | COM | 2.33M | SH | $299.98M 6.43% | 2.33M | 0.00 | 0.00 |
MACERICH COSOLE | COM | 11.48M | SH | $289.22M 6.20% | 11.48M | 0.00 | 0.00 |
APA CORPORATIONSOLE | COM | 7.81M | SH | $254.33M 5.46% | 7.81M | 0.00 | 0.00 |
AMGEN INCSOLE | COM | 659.24K | SH | $238.72M 5.12% | 659.24K | 0.00 | 0.00 |
D R HORTON INCSOLE | COM | 1.41M | SH | $230.35M 4.94% | 1.41M | 0.00 | 0.00 |
AMERICAN EXPRESS COSOLE | COM | 569.06K | SH | $192.49M 4.13% | 569.06K | 0.00 | 0.00 |
NVR INCSOLE | COM | 28.25K | SH | $192.47M 4.13% | 28.25K | 0.00 | 0.00 |
TARGET CORPSOLE | COM | 1.41M | SH | $184.16M 3.95% | 1.41M | 0.00 | 0.00 |
LENNAR CORPSOLE | CL A | 2.02M | SH | $182.83M 3.92% | 2.02M | 0.00 | 0.00 |
FIFTH THIRD BANCORPSOLE | COM | 3.17M | SH | $178.80M 3.84% | 3.17M | 0.00 | 0.00 |
DIAMONDBACK ENERGY INCSOLE | COM | 1.01M | SH | $177.54M 3.81% | 1.01M | 0.00 | 0.00 |
CONOCOPHILLIPSSOLE | COM | 1.58M | SH | $164.03M 3.52% | 1.58M | 0.00 | 0.00 |
BANK OF AMER CORPSOLE | COM | 2.61M | SH | $148.54M 3.19% | 2.61M | 0.00 | 0.00 |
OCCIDENTAL PETE CORPSOLE | COM | 2.89M | SH | $140.37M 3.01% | 2.89M | 0.00 | 0.00 |
UNITEDHEALTH GROUP INCSOLE | COM | 328.41K | SH | $136.50M 2.93% | 328.41K | 0.00 | 0.00 |
WESTERN ALLIANCE BANCORPSOLE | COM | 1.59M | SH | $131.08M 2.81% | 1.59M | 0.00 | 0.00 |
JPMORGAN CHASE & COSOLE | COM | 392.90K | SH | $128.61M 2.76% | 392.90K | 0.00 | 0.00 |
CREDIT ACCEP CORP MICHSOLE | COM | 198.81K | SH | $126.59M 2.72% | 198.81K | 0.00 | 0.00 |
U HAUL HOLDING COMPANYSOLE | COM SER N | 2.03M | SH | $117.20M 2.51% | 2.03M | 0.00 | 0.00 |
HOME DEPOT INCSOLE | COM | 290.16K | SH | $102.33M 2.20% | 290.16K | 0.00 | 0.00 |
EBAY INC.SOLE | COM | 815.92K | SH | $91.18M 1.96% | 815.92K | 0.00 | 0.00 |
ZOETIS INCSOLE | CL A | 1.23M | SH | $88.62M 1.90% | 1.23M | 0.00 | 0.00 |
M & T BK CORPSOLE | COM | 277.59K | SH | $66.07M 1.42% | 277.59K | 0.00 | 0.00 |
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