Filed: 10/16/2026ACC: 0001172661-26-004558
📋 What this filing means
SMEAD CAPITAL MANAGEMENT, INC. filed this quarterly 13F‑HR report disclosing 31 equity positions with a total reported market value of $4.71B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
31
Positions
$4.71B
Total AUM (reported)
63M
Total Shares
Allocation by class
COM$4.30B91.4%
CL A$296.81M6.3%
COM SER N$105.98M2.3%
RUS 1000 VAL ETF$1.14M0.0%
Portfolio Concentration
Top 3$1.08B22.9%
4–10$1.52B32.2%
11–25$1.92B40.9%
Rest$186.91M4.0%
Top 3 weight
22.9%
Top 10 weight
55.1%
Voting Authority Distribution
Total shares with voting rights: 63M
Sole
Full voting authority
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)
Sole31
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings31
Rows:
CENOVUS ENERGY INC
SOLEShares13.57M
TypeSH
Market value$421.76M
8.96%
Sole
13.57M
Shared
0.00
None
0.00
MERCK & CO INC
SOLEShares2.31M
TypeSH
Market value$335.07M
7.12%
Sole
2.31M
Shared
0.00
None
0.00
APA CORPORATION
SOLEShares7.71M
TypeSH
Market value$320.45M
6.81%
Sole
7.71M
Shared
0.00
None
0.00
MACERICH CO
SOLEShares11.30M
TypeSH
Market value$252.63M
5.37%
Sole
11.30M
Shared
0.00
None
0.00
SIMON PPTY GROUP INC NEW
SOLEShares1.26M
TypeSH
Market value$251.96M
5.35%
Sole
1.26M
Shared
0.00
None
0.00
AMGEN INC
SOLEShares586.50K
TypeSH
Market value$247.22M
5.25%
Sole
586.50K
Shared
0.00
None
0.00
CONOCOPHILLIPS
SOLEShares1.56M
TypeSH
Market value$195.09M
4.15%
Sole
1.56M
Shared
0.00
None
0.00
TARGET CORP
SOLEShares1.23M
TypeSH
Market value$193.26M
4.11%
Sole
1.23M
Shared
0.00
None
0.00
D R HORTON INC
SOLEShares1.40M
TypeSH
Market value$190.86M
4.06%
Sole
1.40M
Shared
0.00
None
0.00
LENNAR CORP
SOLEShares2.28M
TypeSH
Market value$186.41M
3.96%
Sole
2.28M
Shared
0.00
None
0.00
DIAMONDBACK ENERGY INC
SOLEShares997.74K
TypeSH
Market value$183.40M
3.90%
Sole
997.74K
Shared
0.00
None
0.00
NVR INC
SOLEShares27.83K
TypeSH
Market value$171.27M
3.64%
Sole
27.83K
Shared
0.00
None
0.00
AMERICAN EXPRESS CO
SOLEShares562.10K
TypeSH
Market value$170.94M
3.63%
Sole
562.10K
Shared
0.00
None
0.00
OCCIDENTAL PETE CORP
SOLEShares2.94M
TypeSH
Market value$162.62M
3.46%
Sole
2.94M
Shared
0.00
None
0.00
FIFTH THIRD BANCORP
SOLEShares3.13M
TypeSH
Market value$158.08M
3.36%
Sole
3.13M
Shared
0.00
None
0.00
WESTERN ALLIANCE BANCORP
SOLEShares1.89M
TypeSH
Market value$141.96M
3.02%
Sole
1.89M
Shared
0.00
None
0.00
JPMORGAN CHASE & CO
SOLEShares385.59K
TypeSH
Market value$127.56M
2.71%
Sole
385.59K
Shared
0.00
None
0.00
UNITEDHEALTH GROUP INC
SOLEShares324.39K
TypeSH
Market value$119.08M
2.53%
Sole
324.39K
Shared
0.00
None
0.00
BANK OF AMER CORP
SOLEShares2.17M
TypeSH
Market value$117.98M
2.51%
Sole
2.17M
Shared
0.00
None
0.00
ZOETIS INC
SOLEShares1.58M
TypeSH
Market value$110.40M
2.35%
Sole
1.58M
Shared
0.00
None
0.00
U HAUL HOLDING COMPANY
SOLEShares2.01M
TypeSH
Market value$105.98M
2.25%
Sole
2.01M
Shared
0.00
None
0.00
CREDIT ACCEP CORP MICH
SOLEShares196.38K
TypeSH
Market value$104.28M
2.22%
Sole
196.38K
Shared
0.00
None
0.00
EBAY INC.
SOLEShares805.91K
TypeSH
Market value$85.47M
1.82%
Sole
805.91K
Shared
0.00
None
0.00
CROCS INC
SOLEShares709.82K
TypeSH
Market value$83.27M
1.77%
Sole
709.82K
Shared
0.00
None
0.00
HOME DEPOT INC
SOLEShares286.50K
TypeSH
Market value$81.50M
1.73%
Sole
286.50K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
CENOVUS ENERGY INCSOLE | COM | 13.57M | SH | $421.76M 8.96% | 13.57M | 0.00 | 0.00 |
MERCK & CO INCSOLE | COM | 2.31M | SH | $335.07M 7.12% | 2.31M | 0.00 | 0.00 |
APA CORPORATIONSOLE | COM | 7.71M | SH | $320.45M 6.81% | 7.71M | 0.00 | 0.00 |
MACERICH COSOLE | COM | 11.30M | SH | $252.63M 5.37% | 11.30M | 0.00 | 0.00 |
SIMON PPTY GROUP INC NEWSOLE | COM | 1.26M | SH | $251.96M 5.35% | 1.26M | 0.00 | 0.00 |
AMGEN INCSOLE | COM | 586.50K | SH | $247.22M 5.25% | 586.50K | 0.00 | 0.00 |
CONOCOPHILLIPSSOLE | COM | 1.56M | SH | $195.09M 4.15% | 1.56M | 0.00 | 0.00 |
TARGET CORPSOLE | COM | 1.23M | SH | $193.26M 4.11% | 1.23M | 0.00 | 0.00 |
D R HORTON INCSOLE | COM | 1.40M | SH | $190.86M 4.06% | 1.40M | 0.00 | 0.00 |
LENNAR CORPSOLE | CL A | 2.28M | SH | $186.41M 3.96% | 2.28M | 0.00 | 0.00 |
DIAMONDBACK ENERGY INCSOLE | COM | 997.74K | SH | $183.40M 3.90% | 997.74K | 0.00 | 0.00 |
NVR INCSOLE | COM | 27.83K | SH | $171.27M 3.64% | 27.83K | 0.00 | 0.00 |
AMERICAN EXPRESS COSOLE | COM | 562.10K | SH | $170.94M 3.63% | 562.10K | 0.00 | 0.00 |
OCCIDENTAL PETE CORPSOLE | COM | 2.94M | SH | $162.62M 3.46% | 2.94M | 0.00 | 0.00 |
FIFTH THIRD BANCORPSOLE | COM | 3.13M | SH | $158.08M 3.36% | 3.13M | 0.00 | 0.00 |
WESTERN ALLIANCE BANCORPSOLE | COM | 1.89M | SH | $141.96M 3.02% | 1.89M | 0.00 | 0.00 |
JPMORGAN CHASE & COSOLE | COM | 385.59K | SH | $127.56M 2.71% | 385.59K | 0.00 | 0.00 |
UNITEDHEALTH GROUP INCSOLE | COM | 324.39K | SH | $119.08M 2.53% | 324.39K | 0.00 | 0.00 |
BANK OF AMER CORPSOLE | COM | 2.17M | SH | $117.98M 2.51% | 2.17M | 0.00 | 0.00 |
ZOETIS INCSOLE | CL A | 1.58M | SH | $110.40M 2.35% | 1.58M | 0.00 | 0.00 |
U HAUL HOLDING COMPANYSOLE | COM SER N | 2.01M | SH | $105.98M 2.25% | 2.01M | 0.00 | 0.00 |
CREDIT ACCEP CORP MICHSOLE | COM | 196.38K | SH | $104.28M 2.22% | 196.38K | 0.00 | 0.00 |
EBAY INC.SOLE | COM | 805.91K | SH | $85.47M 1.82% | 805.91K | 0.00 | 0.00 |
CROCS INCSOLE | COM | 709.82K | SH | $83.27M 1.77% | 709.82K | 0.00 | 0.00 |
HOME DEPOT INCSOLE | COM | 286.50K | SH | $81.50M 1.73% | 286.50K | 0.00 | 0.00 |
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