13F HOLDINGS REPORT
Smead Capital Management, Inc.
Quarter ended Q4 2025 · Filed February 9, 2026 · Accession 0001172661-26-000531
Total Value
$4.82B
Positions
32
Other Managers
0
Confidential Omitted
No
Holdings (32)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SIMON PPTY GROUP INC NEW | 828806109 | 1,791,330 | $331.6M | 6.88% |
| 2 | MERCK & CO INC | MRK | 2,838,300 | $298.8M | 6.20% |
| 3 | AMERICAN EXPRESS CO | AXP | 768,431 | $284.3M | 5.90% |
| 4 | CENOVUS ENERGY INC | CVE | 16,763,978 | $283.6M | 5.89% |
| 5 | AMGEN INC | AMGN | 801,796 | $262.4M | 5.45% |
| 6 | MACERICH CO | MAC | 13,963,805 | $257.8M | 5.35% |
| 7 | D R HORTON INC | 23331A109 | 1,719,925 | $247.7M | 5.14% |
| 8 | APA CORPORATION | APA | 9,503,039 | $232.4M | 4.82% |
| 9 | LENNAR CORP | LEN-B | 1,822,291 | $187.3M | 3.89% |
| 10 | DIAMONDBACK ENERGY INC | FANG | 1,227,772 | $184.6M | 3.83% |
| 11 | JPMORGAN CHASE & CO. | VYLD | 562,792 | $181.3M | 3.76% |
| 12 | NVR INC | NVR | 24,745 | $180.5M | 3.74% |
| 13 | CONOCOPHILLIPS | COP | 1,917,545 | $179.5M | 3.72% |
| 14 | EBAY INC. | EBAY | 2,032,886 | $177.1M | 3.67% |
| 15 | BANK AMERICA CORP | 060505104 | 3,169,803 | $174.3M | 3.62% |
| 16 | TARGET CORP | TGT | 1,713,932 | $167.5M | 3.48% |
| 17 | FIFTH THIRD BANCORP | FITBM | 3,250,139 | $152.1M | 3.16% |
| 18 | OCCIDENTAL PETE CORP | 674599105 | 3,545,182 | $145.8M | 3.03% |
| 19 | WESTERN ALLIANCE BANCORP | WAL-PA | 1,556,943 | $130.9M | 2.72% |
| 20 | HOME DEPOT INC | HD | 352,819 | $121.4M | 2.52% |
| 21 | U HAUL HOLDING COMPANY | UHAL-B | 2,467,011 | $115.3M | 2.39% |
| 22 | QUALCOMM INC | QCOM | 626,937 | $107.2M | 2.23% |
| 23 | UNITEDHEALTH GROUP INC | UNH | 308,723 | $101.9M | 2.11% |
| 24 | ULTA BEAUTY INC | ULTA | 143,477 | $86.8M | 1.80% |
| 25 | CREDIT ACCEP CORP MICH | 225310101 | 188,334 | $83.5M | 1.73% |
| 26 | M & T BK CORP | 55261F104 | 337,603 | $68.0M | 1.41% |
| 27 | CROCS INC | CROX | 594,690 | $50.9M | 1.06% |
| 28 | FRONTLINE PLC | FRO | 586,729 | $12.9M | 0.27% |
| 29 | GARRETT MOTION INC | GTX | 244,261 | $4.3M | 0.09% |
| 30 | WEST FRASER TIMBER CO LTD | WFG | 54,678 | $3.3M | 0.07% |
| 31 | OCCIDENTAL PETE CORP | 674599162 | 153,047 | $2.9M | 0.06% |
| 32 | ISHARES TR | 464287598 | 4,392 | $923,751 | 0.02% |