Form 13F manager
Smead Capital Management, Inc.
Latest quarter 2026-06-30 · filed 2026-08-11 · reported total $4,662M · filing —
As filed on Form 13F — long US-listed positions only. No shorts, cash, bonds, or non-13F assets appear here.
Filed up to 45 days after quarter end; holdings may have changed since.
Positions
| Row | Issuer | Class | Put/call | Value | % of total | SH/PRN qty |
|---|---|---|---|---|---|---|
| 1 | CVE · CENOVUS ENERGY INC | COM | — | $331M | 7.1% | SH 13,370,631 |
| 2 | SIMON PPTY GROUP INC NEW | COM | — | $313M | 6.7% | SH 1,399,725 |
| 3 | MRK · MERCK & CO INC | COM | — | $300M | 6.4% | SH 2,334,468 |
| 4 | MAC · MACERICH CO | COM | — | $289M | 6.2% | SH 11,481,712 |
| 5 | APA · APA CORPORATION | COM | — | $254M | 5.5% | SH 7,808,568 |
| 6 | AMGN · AMGEN INC | COM | — | $239M | 5.1% | SH 659,241 |
| 7 | D R HORTON INC | COM | — | $230M | 4.9% | SH 1,414,221 |
| 8 | AXP · AMERICAN EXPRESS CO | COM | — | $192M | 4.1% | SH 569,063 |
| 9 | NVR · NVR INC | COM | — | $192M | 4.1% | SH 28,248 |
| 10 | TGT · TARGET CORP | COM | — | $184M | 4.0% | SH 1,409,966 |
| 11 | LENNAR CORP | CL A | — | $183M | 3.9% | SH 2,020,441 |
| 12 | FIFTH THIRD BANCORP | COM | — | $179M | 3.8% | SH 3,171,824 |
| 13 | FANG · DIAMONDBACK ENERGY INC | COM | — | $178M | 3.8% | SH 1,009,989 |
| 14 | COP · CONOCOPHILLIPS | COM | — | $164M | 3.5% | SH 1,577,846 |
| 15 | BAC · BANK OF AMER CORP | COM | — | $149M | 3.2% | SH 2,606,833 |
| 16 | OCCIDENTAL PETE CORP | COM | — | $140M | 3.0% | SH 2,889,985 |
| 17 | UNH · UNITEDHEALTH GROUP INC | COM | — | $136M | 2.9% | SH 328,414 |
| 18 | WESTERN ALLIANCE BANCORP | COM | — | $131M | 2.8% | SH 1,594,678 |
| 19 | JPM · JPMORGAN CHASE & CO | COM | — | $129M | 2.8% | SH 392,900 |
| 20 | CREDIT ACCEP CORP MICH | COM | — | $127M | 2.7% | SH 198,808 |
| 21 | U HAUL HOLDING COMPANY | COM SER N | — | $117M | 2.5% | SH 2,031,260 |
| 22 | HD · HOME DEPOT INC | COM | — | $102M | 2.2% | SH 290,159 |
| 23 | EBAY · EBAY INC. | COM | — | $91M | 2.0% | SH 815,923 |
| 24 | ZTS · ZOETIS INC | CL A | — | $89M | 1.9% | SH 1,233,210 |
| 25 | M & T BK CORP | COM | — | $66M | 1.4% | SH 277,594 |
| 26 | CROX · CROCS INC | COM | — | $59M | 1.3% | SH 489,245 |
| 27 | ULTA · ULTA BEAUTY INC | COM | — | $53M | 1.1% | SH 117,976 |
| 28 | FRO · FRONTLINE PLC | COM | — | $22M | 0.5% | SH 633,773 |
| 29 | GTX · GARRETT MOTION INC | COM | — | $10.0M | 0.2% | SH 275,064 |
| 30 | WFG · WEST FRASER TIMBER CO LTD | COM | — | $8.4M | 0.2% | SH 123,878 |
| 31 | OCCIDENTAL PETE CORP | *W EXP 08/03/202 | — | $1.7M | <0.1% | SH 65,345 |
| 32 | ISHARES TR | RUS 1000 VAL ETF | — | $1.2M | <0.1% | SH 4,956 |
Filed rows (32) — as filed
Changes from 2026-03-31 (rows of a security combined)
Reported change, not a confirmed trade: this compares quarter-end reports filed up to 45 days later, and the position may since have changed. Amendments, corporate actions, and changes in reporting scope can also move these rows. Value change compares period-end reported values; for continuing rows it includes market price movement.
1 new · ▲ 7 up · ▼ 24 down · 1 exited · 0 unchanged — by reported quantity, largest value change first
| Row | Change | Issuer | Class | Put/call | Value change | Qty change |
|---|---|---|---|---|---|---|
| 1 | ▼ down | APA CORPORATION | COM | — | −$97M | SH −461,247 (−5.6%) |
| 2 | new | ZOETIS INC | CL A | — | +$89M | SH +1,233,210 |
| 3 | exited | QUALCOMM INC | COM | — | −$70M | SH −545,810 |
| 4 | ▼ down | EBAY INC. | COM | — | −$70M | SH −955,571 (−53.9%) |
| 5 | ▼ down | CENOVUS ENERGY INC | COM | — | −$63M | SH −1,497,372 (−10.1%) |
| 6 | ▼ down | OCCIDENTAL PETE CORP | COM | — | −$61M | SH −205,550 (−6.6%) |
| 7 | ▼ down | MACERICH CO | COM | — | +$59M | SH −673,620 (−5.5%) |
| 8 | ▼ down | CONOCOPHILLIPS | COM | — | −$57M | SH −93,457 (−5.6%) |
| 9 | ▲ up | NVR INC | COM | — | +$51M | SH +6,710 (+31.2%) |
| 10 | ▲ up | FIFTH THIRD BANCORP | COM | — | +$47M | SH +340,401 (+12.0%) |
| 11 | ▲ up | LENNAR CORP | CL A | — | +$45M | SH +434,216 (+27.4%) |
| 12 | ▼ down | UNITEDHEALTH GROUP INC | COM | — | +$43M | SH −18,688 (−5.4%) |
| 13 | ▼ down | CREDIT ACCEP CORP MICH | COM | — | +$37M | SH −11,662 (−5.5%) |
| 14 | ▲ up | WESTERN ALLIANCE BANCORP | COM | — | +$35M | SH +239,087 (+17.6%) |
| 15 | ▼ down | DIAMONDBACK ENERGY INC | COM | — | −$34M | SH −59,339 (−5.5%) |
| 16 | ▼ down | D R HORTON INC | COM | — | +$25M | SH −83,502 (−5.6%) |
| 17 | ▼ down | SIMON PPTY GROUP INC NEW | COM | — | +$22M | SH −160,135 (−10.3%) |
| 18 | ▼ down | U HAUL HOLDING COMPANY | COM SER N | — | +$21M | SH −115,165 (−5.4%) |
| 19 | ▼ down | CROCS INC | COM | — | +$16M | SH −27,925 (−5.4%) |
| 20 | ▼ down | BANK AMERICA CORP / BANK OF AMER CORP | COM | — | +$14M | SH −152,851 (−5.5%) |
Remaining 13 reported changes
| Row | Change | Issuer | Class | Put/call | Value change | Qty change |
|---|---|---|---|---|---|---|
| 21 | ▼ down | ULTA BEAUTY INC | COM | — | −$12M | SH −6,919 (−5.5%) |
| 22 | ▼ down | AMERICAN EXPRESS CO | COM | — | +$10M | SH −33,580 (−5.6%) |
| 23 | ▼ down | AMGEN INC | COM | — | −$6.8M | SH −38,678 (−5.5%) |
| 24 | ▼ down | JPMORGAN CHASE & CO | COM | — | +$6.2M | SH −23,194 (−5.6%) |
| 25 | ▲ up | GARRETT MOTION INC | COM | — | +$5.3M | SH +20,154 (+7.9%) |
| 26 | ▼ down | M & T BK CORP | COM | — | +$5.3M | SH −16,275 (−5.5%) |
| 27 | ▼ down | OCCIDENTAL PETE CORP | *W EXP 08/03/202 | — | −$4.7M | SH −85,866 (−56.8%) |
| 28 | ▼ down | TARGET CORP | COM | — | +$3.2M | SH −82,704 (−5.5%) |
| 29 | ▼ down | MERCK & CO INC | COM | — | +$2.7M | SH −136,930 (−5.5%) |
| 30 | ▼ down | HOME DEPOT INC | COM | — | +$1.3M | SH −17,180 (−5.6%) |
| 31 | ▲ up | WEST FRASER TIMBER CO LTD / WEST FRASER TIMBER LTD | COM | — | +$0.9M | SH +9,100 (+7.9%) |
| 32 | ▲ up | FRONTLINE PLC | COM | — | +$0.6M | SH +23,079 (+3.8%) |
| 33 | ▼ down | ISHARES TR | RUS 1000 VAL ETF | — | −<$1M | SH −1,308 (−20.9%) |
Changes appear only where the prior quarter's validated report exists.