Bill Smead – Smead Capital Management, Inc.
- Period:
- Q1 2026
- Portfolio date:
- Mar 31, 2026
- No. of stocks:
- 31
- Portfolio value:
- $4,597,102,000
- Filed:
- May 14, 2026
- Style:
- Concentrated Value
| Stock | Issuer | % of Portfolio | Recent Activity | Shares | Price | Value ▼ |
|---|---|---|---|---|---|---|
| CVEhist | CENOVUS ENERGY INC | 8.58 | Reduce 11.00% | 14,868,003 | $26.53 | $394.46M |
| APAhist | APA CORPORATION | 7.63 | Reduce 13.00% | 8,269,815 | $42.44 | $350.97M |
| MRKhist | MERCK & CO INC | 6.47 | Reduce 13.00% | 2,471,398 | $120.29 | $297.29M |
| SPGhist | SIMON PPTY GROUP INC NEW | 6.33 | Reduce 13.00% | 1,559,860 | $186.53 | $290.96M |
| AMGNhist | AMGEN INC | 5.34 | Reduce 13.00% | 697,919 | $351.85 | $245.56M |
| MAChist | MACERICH CO | 5.00 | Reduce 13.00% | 12,155,332 | $18.90 | $229.74M |
| COPhist | CONOCOPHILLIPS | 4.80 | Reduce 13.00% | 1,671,303 | $132.00 | $220.61M |
| FANGhist | DIAMONDBACK ENERGY INC | 4.60 | Reduce 13.00% | 1,069,328 | $197.79 | $211.50M |
| OXYhist | OCCIDENTAL PETE CORP | 4.52 | Reduce 12.00% | 3,246,746 | $63.97 | $207.70M |
| DHIhist | D R HORTON INC | 4.47 | Reduce 13.00% | 1,497,723 | $137.22 | $205.52M |
| AXPhist | AMERICAN EXPRESS CO | 3.97 | Reduce 22.00% | 602,643 | $302.48 | $182.29M |
| TGThist | TARGET CORP | 3.94 | Reduce 13.00% | 1,492,670 | $121.20 | $180.91M |
| EBAYhist | EBAY INC. | 3.51 | Reduce 13.00% | 1,771,494 | $91.02 | $161.24M |
| NVRhist | NVR INC | 3.09 | Reduce 13.00% | 21,538 | $6590.03 | $141.94M |
| LENhist | LENNAR CORP | 3.00 | Reduce 13.00% | 1,586,225 | $86.84 | $137.75M |
| BAChist | BANK AMERICA CORP | 2.93 | Reduce 13.00% | 2,759,684 | $48.75 | $134.53M |
| FITBhist | FIFTH THIRD BANCORP | 2.86 | Reduce 13.00% | 2,831,423 | $46.46 | $131.55M |
| JPMhist | JPMORGAN CHASE & CO | 2.66 | Reduce 26.00% | 416,094 | $294.16 | $122.40M |
| HDhist | HOME DEPOT INC | 2.20 | Reduce 13.00% | 307,339 | $328.89 | $101.08M |
| WALhist | WESTERN ALLIANCE BANCORP | 2.09 | Reduce 13.00% | 1,355,591 | $70.85 | $96.04M |
| UHALhist | U HAUL HOLDING COMPANY | 2.09 | Reduce 13.00% | 2,146,425 | $44.67 | $95.88M |
| UNHhist | UNITEDHEALTH GROUP INC | 2.04 | Add 12.00% | 347,102 | $270.59 | $93.92M |
| CACChist | CREDIT ACCEP CORP MICH | 1.94 | Add 12.00% | 210,470 | $423.46 | $89.13M |
| QCOMhist | QUALCOMM INC | 1.53 | Reduce 13.00% | 545,810 | $128.78 | $70.29M |
| ULTAhist | ULTA BEAUTY INC | 1.42 | Reduce 13.00% | 124,895 | $522.71 | $65.28M |
| MTBhist | M & T BK CORP | 1.32 | Reduce 13.00% | 293,869 | $206.72 | $60.75M |
| CROXhist | CROCS INC | 0.93 | Reduce 13.00% | 517,170 | $83.02 | $42.94M |
| FROhist | FRONTLINE PLC | 0.47 | Add 4.00% | 610,694 | $35.07 | $21.42M |
| WFGhist | WEST FRASER TIMBER LTD | 0.16 | Add 110.00% | 114,778 | $65.29 | $7.49M |
| GTXhist | GARRETT MOTION INC | 0.10 | Add 4.00% | 254,910 | $18.17 | $4.63M |
| ETHBhist | ISHARES TR | 0.03 | Add 43.00% | 6,264 | $213.76 | $1.34M |