SEC 13F Intelligence

Managers / Q2 2024 · view latest →

Smead Capital Management, Inc.

CIK 0001427008 · 2502 EAST CAMELBACK ROAD, SUITE 210, PHOENIX, AZ, 85016 · 602-889-3663

Reported Value
$6.4B
Q2 2024
Positions
32
Filings on Record
31
2019–present window
Filed
Aug 9, 2024
original filing

Summary

Smead Capital Management, Inc. reported $6.4B in U.S.-listed holdings across 32 positions for Q2 2024.

Its largest position, OXY, represents 6.4% of the portfolio.

The book was largely unchanged from Q1 2024.

Portfolio Metrics

Turnover
+4.0%
vs prior filed quarter
Top-10 Concentration
+54.7%
share of reported value
Largest Position
+6.4%
Occidental Pete

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $1.9BQ4 ’18Q1 ’19: $2.0BQ2 ’19: $2.1BQ3 ’19: $2.0BQ4 ’19: $2.2BQ4 ’19Q1 ’20: $1.4BQ2 ’20: $1.6BQ3 ’20: $1.6BQ4 ’20: $1.7BQ4 ’20Q1 ’21: $2.3BQ2 ’21: $2.9BQ3 ’21: $2.9BQ4 ’21: $3.8BQ4 ’21Q1 ’22: $4.3BQ2 ’22: $3.9BQ3 ’22: $3.8BQ4 ’22: $4.7BQ4 ’22Q1 ’23: $5.0BQ2 ’23: $5.0BQ3 ’23: $4.9BQ4 ’23: $5.6BQ4 ’23Q1 ’24: $6.4BQ2 ’24: $6.4BQ3 ’24: $7.0BQ4 ’24: $6.5BQ4 ’24Q1 ’25: $5.8BQ2 ’25: $5.0BQ3 ’25: $5.2BQ4 ’25: $4.8BQ4 ’25Q1 ’26: $4.6Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 88.9%REIT: 10.8%Other: 0.3%Equity WRT: 0.1%
  • Common Stock · 88.9% · $5.7B
  • REIT · 10.8% · $689M
  • Other · 0.3% · $17M
  • Equity WRT · 0.1% · $7M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CVECENOVUS ENERGY INCADDED+6.74M11.06M+$131M$217M
OCCIDENTAL PETE CORPTRIMMED−119.9K161.7K−$5M$7M
APAAPA CORPORATIONADDED+1.58M9.34M+$8M$275M
QCOMQUALCOMM INCTRIMMED−115.5K664.3K+$298,579$132M
AXPAMERICAN EXPRESS COTRIMMED−186.3K1.57M−$36M$365M
WFGWEST FRASER TIMBER CO LTDTRIMMED−11.8K112.4K−$2M$9M
UHAL/BU HAUL HOLDING COMPANYADDED+151.0K2.33M−$5M$140M
JPMJPMORGAN CHASE & CO.TRIMMED−89.1K1.36M−$15M$275M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2024

30 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1OXYOCCIDENTAL PETE CORPhistory →COM · *W EXP 08/03/2026.51%$417M6.67M
2LENLENNAR CORPhistory →CL A6.03%$386M2.58M
3SPGSIMON PPTY GROUP INC NEWhistory →COM6.00%$384M2.53M
4MRKMERCK & CO INChistory →COM5.72%$366M2.96M
5AXPAMERICAN EXPRESS COhistory →COM5.69%$365M1.57M
6AMGNAMGEN INChistory →COM5.53%$354M1.13M
7DHID R HORTON INChistory →COM5.35%$343M2.43M
8BACBANK AMERICA CORPhistory →COM4.76%$305M7.67M
9MACMACERICH COhistory →COM4.76%$305M19.74M
10OVVOVINTIV INChistory →COM4.46%$285M6.09M
11JPMJPMORGAN CHASE & CO.history →COM4.30%$275M1.36M
12APAAPA CORPORATIONhistory →COM4.29%$275M9.34M
13DVNDEVON ENERGY CORP NEWhistory →COM4.20%$269M5.68M
14NVRNVR INChistory →COM4.15%$266M35.0K
15COPCONOCOPHILLIPShistory →COM3.79%$243M2.12M
16CVECENOVUS ENERGY INChistory →COM3.40%$217M11.06M
17EBAEBAY INC.history →COM3.02%$193M3.60M
18DYHTARGET CORPhistory →COM2.78%$178M1.20M
19UHAL/BU HAUL HOLDING COMPANYhistory →COM SER N2.71%$173M2.87M
20HDHOME DEPOT INChistory →COM2.68%$172M498.8K
21QCOMQUALCOMM INChistory →COM2.07%$132M664.3K
22CACCCREDIT ACCEP CORP MICHhistory →COM1.61%$103M200.8K
23BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.30%$83M204.8K
24WEAWESTERN ALLIANCE BANCORPhistory →COM1.28%$82M1.30M
25FITBFIFTH THIRD BANCORPhistory →COM1.22%$78M2.15M
26MTBM & T BK CORPhistory →COM1.13%$72M477.2K
27WBDWARNER BROS DISCOVERY INChistory →COM SER A0.81%$52M6.97M
28FRONTLINE PLCCOM0.26%$17M638.0K
29WFGWEST FRASER TIMBER CO LTDhistory →COM0.13%$9M112.4K
30GOOSCANADA GOOSE HLDGS INChistory →SHS SUB VTG0.06%$4M309.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$4.6B32May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$4.8B32Feb 9, 202613F-HRchanges · EDGAR ↗
Q3 2025$5.2B34Nov 10, 202513F-HRchanges · EDGAR ↗
Q2 2025$5.0B33Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$5.8B34May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$6.5B34Feb 12, 202513F-HRchanges · EDGAR ↗
Q3 2024$7.0B30Nov 7, 202413F-HRchanges · EDGAR ↗
Q2 2024$6.4B32Aug 9, 202413F-HRchanges · EDGAR ↗
Q1 2024$6.4B32May 10, 202413F-HRchanges · EDGAR ↗
Q4 2023$5.6B33Jan 31, 202413F-HRchanges · EDGAR ↗
Q3 2023$4.9B30Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$5.0B28Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$5.0B29May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$4.7B26Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$3.8B27Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$3.9B31Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$4.3B31May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$3.8B32Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$2.9B31Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$2.9B35Jul 30, 202113F-HRchanges · EDGAR ↗
Q1 2021$2.3B35May 4, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.7B32Feb 3, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.6B29Nov 4, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.6B31Aug 10, 202013F-HRchanges · EDGAR ↗
Q1 2020$1.4B28Apr 30, 202013F-HRchanges · EDGAR ↗
Q4 2019$2.2B28Jan 30, 202013F-HRchanges · EDGAR ↗
Q3 2019$2.0B26Oct 25, 201913F-HRchanges · EDGAR ↗
Q2 2019$2.1B28Jul 26, 201913F-HRchanges · EDGAR ↗
Q1 2019$2.0B27May 9, 201913F-HRchanges · EDGAR ↗
Q4 2018$1.9B28Feb 4, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.