Superinvestors / Smead Capital Management
Bill Smead
Smead Capital Management
Value; long holding periods
This quarter
Positions held steady are not reported as moves, so they are absent from these counts.
Portfolio
By weight · every resolvable issuer links to its company page · tags are this quarter's reported move
| Ticker | Issuer | % of portfolio | Reported price | Value | Shares |
|---|---|---|---|---|---|
| CVE | CENOVUS ENERGY INCDECREASED -10.1% | 7.11% | $24.79 | $331.45M | 13.4M |
| SPG | SIMON PPTY GROUP INC NEWDECREASED -10.3% | 6.71% | $223.65 | $313.05M | 1.4M |
| MRK | MERCK & CO INCDECREASED -5.5% | 6.43% | $128.50 | $299.98M | 2.3M |
| MAC | MACERICH CODECREASED -5.5% | 6.20% | $25.19 | $289.22M | 11.5M |
| APA | APA CORPORATIONDECREASED -5.6% | 5.46% | $32.57 | $254.33M | 7.8M |
| AMGN | AMGEN INCDECREASED -5.5% | 5.12% | $362.12 | $238.72M | 659.2K |
| DHI | D R HORTON INCDECREASED -5.6% | 4.94% | $162.88 | $230.35M | 1.4M |
| AXP | AMERICAN EXPRESS CODECREASED -5.6% | 4.13% | $338.25 | $192.49M | 569.1K |
| NVR | NVR INCINCREASED +31.2% | 4.13% | $6,813.51 | $192.47M | 28.2K |
| TGT | TARGET CORPDECREASED -5.5% | 3.95% | $130.61 | $184.16M | 1.4M |
Reported price is this manager's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what they paid. 13F reports no cost basis.
The top 10 positions are 54.2% of the reported portfolio, across 32 positions.
Values are as disclosed on this manager’s own 13F for its own quarter. 13F covers US-listed long equity only, so this is not the manager’s entire portfolio.
See more of Bill Smead's portfolio
More of Bill Smead's reported positions with their weights, and what they bought, sold and trimmed last quarter rather than the largest few — free with an account, no card required.
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