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Smead Capital Management, Inc.
Period ended Sep 30, 2026 · Latest filing Oct 16, 2026
These quarterly holdings are delayed and may not include all assets or short positions.
Values are from the reporting date, not current prices or purchase costs.
The same security may appear in multiple rows.
Source: SEC
Reported portfolio value
Quarter-end reported holdings; not current value or investment performance.
View reported values
- Sep 30, 2026: $4,705,402,906
More quarters will appear as history becomes available.
Top holdings
Top 10 at Sep 30, 2026. Matching entries are combined; security classes and options remain separate. Shares exclude principal amounts; option shares reflect the reported underlying amount.
View top holdings values
- CENOVUS ENERGY INC · COM · 15135U109 · shares: $421,759,560
- MERCK & CO INC · COM · 58933Y105 · shares: $335,072,670
- APA CORPORATION · COM · 03743Q108 · shares: $320,448,151
- MACERICH CO · COM · 554382101 · shares: $252,631,357
- SIMON PPTY GROUP INC NEW · COM · 828806109 · shares: $251,958,294
- AMGEN INC · COM · 031162100 · shares: $247,217,281
- CONOCOPHILLIPS · COM · 20825C104 · shares: $195,086,899
- TARGET CORP · COM · 87612E106 · shares: $193,262,945
- D R HORTON INC · COM · 23331A109 · shares: $190,860,960
- LENNAR CORP · CL A · 526057104 · shares: $186,410,693
Reported holdings
31 reported entries| Issuer | Class | CUSIP | Type | Shares / principal | Reported value (USD) |
|---|---|---|---|---|---|
| CENOVUS ENERGY INC | COM | 15135U109 | — | 13,568,058 shares | $421,759,560 |
| MERCK & CO INC | COM | 58933Y105 | — | 2,305,916 shares | $335,072,670 |
| APA CORPORATION | COM | 03743Q108 | — | 7,714,207 shares | $320,448,151 |
| MACERICH CO | COM | 554382101 | — | 11,298,361 shares | $252,631,357 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 | — | 1,255,022 shares | $251,958,294 |
| AMGEN INC | COM | 031162100 | — | 586,504 shares | $247,217,281 |
| CONOCOPHILLIPS | COM | 20825C104 | — | 1,558,825 shares | $195,086,899 |
| TARGET CORP | COM | 87612E106 | — | 1,233,410 shares | $193,262,945 |
| D R HORTON INC | COM | 23331A109 | — | 1,396,714 shares | $190,860,960 |
| LENNAR CORP | CL A | 526057104 | — | 2,284,725 shares | $186,410,693 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 | — | 997,743 shares | $183,395,054 |
| NVR INC | COM | 62944T105 | — | 27,829 shares | $171,270,962 |
| AMERICAN EXPRESS CO | COM | 025816109 | — | 562,102 shares | $170,935,368 |
| OCCIDENTAL PETE CORP | COM | 674599105 | — | 2,939,694 shares | $162,623,851 |
| FIFTH THIRD BANCORP | COM | 316773100 | — | 3,125,275 shares | $158,076,392 |
| WESTERN ALLIANCE BANCORP | COM | 957638109 | — | 1,890,270 shares | $141,959,291 |
| JPMORGAN CHASE & CO | COM | 46625H100 | — | 385,586 shares | $127,563,298 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | — | 324,391 shares | $119,077,569 |
| BANK OF AMER CORP | COM | 060505104 | — | 2,167,615 shares | $117,983,291 |
| ZOETIS INC | CL A | 98978V103 | — | 1,580,996 shares | $110,400,985 |
| U HAUL HOLDING COMPANY | COM SER N | 023586506 | — | 2,005,288 shares | $105,979,494 |
| CREDIT ACCEP CORP MICH | COM | 225310101 | — | 196,381 shares | $104,278,044 |
| EBAY INC. | COM | 278642103 | — | 805,908 shares | $85,466,585 |
| CROCS INC | COM | 227046109 | — | 709,816 shares | $83,268,496 |
| HOME DEPOT INC | COM | 437076102 | — | 286,495 shares | $81,504,925 |
| ULTA BEAUTY INC | COM | 90384S303 | — | 116,537 shares | $63,649,077 |
| M & T BK CORP | COM | 55261F104 | — | 274,204 shares | $59,666,869 |
| FRONTLINE PLC | COM | M46528101 | — | 760,775 shares | $37,667,493 |
| WEST FRASER TIMBER CO LTD | COM | 952845105 | — | 192,278 shares | $13,330,572 |
| GARRETT MOTION INC | COM | 366505105 | — | 440,241 shares | $11,459,473 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 | — | 4,586 shares | $1,137,007 |