Superinvestors / Smead Capital Management
Bill Smead
Smead Capital Management
Value; long holding periods
$4.60B 13F value
32 positions · as of 2026-03-31 · filed 2026-05-14
This quarter
0 new0 exited6 added26 trimmed
Positions held steady are not reported as moves, so they are absent from these counts.
Largest positions
By weight · every resolvable issuer links to its company page · tags are this quarter's reported move
| Ticker | Issuer | % of portfolio | Value |
|---|---|---|---|
| CVE | CENOVUS ENERGY INCDECREASED -11.3% | 8.58% | $394.46M |
| APA | APA CorpDECREASED -13.0% | 7.63% | $350.97M |
| MRK | MERCK & CO INCDECREASED -12.9% | 6.47% | $297.28M |
| SPG | Simon Property Group IncDECREASED -12.9% | 6.33% | $290.96M |
| AMGN | AMGEN INCDECREASED -13.0% | 5.34% | $245.56M |
Showing 5 of 32
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 all 32 positions
Bill Smead's full reported portfolio with every weight, and the complete list of what they bought, sold and trimmed last quarter — free with an account, no card required.
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