13F HOLDINGS REPORT
Smead Capital Management, Inc.
Quarter ended Q3 2025 · Filed November 10, 2025 · Accession 0001172661-25-004652
Total Value
$5.18B
Positions
34
Other Managers
0
Confidential Omitted
No
Holdings (34)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SIMON PPTY GROUP INC NEW | 828806109 | 1,915,505 | $359.5M | 6.94% |
| 2 | D R HORTON INC | 23331A109 | 1,839,163 | $311.7M | 6.02% |
| 3 | CENOVUS ENERGY INC | CVE | 16,389,740 | $278.2M | 5.37% |
| 4 | AMERICAN EXPRESS CO | AXP | 821,852 | $273.0M | 5.27% |
| 5 | MACERICH CO | MAC | 14,931,924 | $271.8M | 5.25% |
| 6 | MERCK & CO INC | MRK | 3,034,674 | $254.7M | 4.92% |
| 7 | APA CORPORATION | APA | 10,161,573 | $246.7M | 4.77% |
| 8 | LENNAR CORP | LEN-B | 1,948,849 | $245.6M | 4.75% |
| 9 | AMGEN INC | AMGN | 857,384 | $242.0M | 4.67% |
| 10 | NVR INC | NVR | 26,462 | $212.6M | 4.11% |
| 11 | EBAY INC. | EBAY | 2,173,735 | $197.7M | 3.82% |
| 12 | JPMORGAN CHASE & CO. | VYLD | 601,947 | $189.9M | 3.67% |
| 13 | DIAMONDBACK ENERGY INC | FANG | 1,312,413 | $187.8M | 3.63% |
| 14 | OCCIDENTAL PETE CORP | 674599105 | 3,787,043 | $178.9M | 3.46% |
| 15 | BANK AMERICA CORP | 060505104 | 3,389,427 | $174.9M | 3.38% |
| 16 | CONOCOPHILLIPS | COP | 1,753,485 | $165.9M | 3.20% |
| 17 | TARGET CORP | TGT | 1,830,431 | $164.2M | 3.17% |
| 18 | HOME DEPOT INC | HD | 377,406 | $152.9M | 2.95% |
| 19 | OVINTIV INC | OVV | 3,459,320 | $139.7M | 2.70% |
| 20 | U HAUL HOLDING COMPANY | UHAL-B | 2,636,827 | $134.2M | 2.59% |
| 21 | WESTERN ALLIANCE BANCORP | WAL-PA | 1,333,236 | $115.6M | 2.23% |
| 22 | UNITEDHEALTH GROUP INC | UNH | 330,118 | $114.0M | 2.20% |
| 23 | QUALCOMM INC | QCOM | 670,386 | $111.5M | 2.15% |
| 24 | CREDIT ACCEP CORP MICH | 225310101 | 201,402 | $94.0M | 1.82% |
| 25 | ULTA BEAUTY INC | ULTA | 153,423 | $83.9M | 1.62% |
| 26 | FIFTH THIRD BANCORP | FITBM | 1,626,001 | $72.4M | 1.40% |
| 27 | M & T BK CORP | 55261F104 | 361,011 | $71.3M | 1.38% |
| 28 | CROCS INC | CROX | 634,082 | $53.0M | 1.02% |
| 29 | DEVON ENERGY CORP NEW | 25179M103 | 1,478,887 | $51.8M | 1.00% |
| 30 | FRONTLINE PLC | FRO | 590,266 | $13.5M | 0.26% |
| 31 | WEST FRASER TIMBER CO LTD | WFG | 120,378 | $8.2M | 0.16% |
| 32 | OCCIDENTAL PETE CORP | 674599162 | 153,969 | $3.9M | 0.08% |
| 33 | ISHARES TR | 464287598 | 5,506 | $1.1M | 0.02% |
| 34 | VANGUARD INDEX FDS | 922908744 | 1,317 | $245,564 | 0.00% |