# Smead Capital Management, Inc.: Form 13F holdings

An institutional investment manager in Phoenix, AZ. SEC CIK 1427008.

- Quarter ended: 2026-06-30
- Filed: 2026-08-11
- Reported value: $4.66bn
- Positions: 32 (32 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1427008/000117266126003262/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [CENOVUS ENERGY INC (CVE)](/companies/cve.md) | COM | $331.4m | 7.1% | 13,370,631 |  | Reduced −1,497,372 |
| [SIMON PPTY GROUP INC NEW (SPG)](/companies/spg.md) | COM | $313.0m | 6.7% | 1,399,725 |  | Reduced −160,135 |
| [MERCK & CO INC (MRK)](/companies/mrk.md) | COM | $300.0m | 6.4% | 2,334,468 |  | Reduced −136,930 |
| [MACERICH CO (MAC)](/companies/mac.md) | COM | $289.2m | 6.2% | 11,481,712 |  | Reduced −673,620 |
| [APA CORPORATION (APA)](/companies/apa.md) | COM | $254.3m | 5.5% | 7,808,568 |  | Reduced −461,247 |
| [AMGEN INC (AMGN)](/companies/amgn.md) | COM | $238.7m | 5.1% | 659,241 |  | Reduced −38,678 |
| [D R HORTON INC (DHI)](/companies/dhi.md) | COM | $230.3m | 4.9% | 1,414,221 |  | Reduced −83,502 |
| [AMERICAN EXPRESS CO (AXP)](/companies/axp.md) | COM | $192.5m | 4.1% | 569,063 |  | Reduced −33,580 |
| [NVR INC (NVR)](/companies/nvr.md) | COM | $192.5m | 4.1% | 28,248 |  | Added +6,710 |
| [TARGET CORP (TGT)](/companies/tgt.md) | COM | $184.2m | 4.0% | 1,409,966 |  | Reduced −82,704 |
| [LENNAR CORP (LEN)](/companies/len.md) | CL A | $182.8m | 3.9% | 2,020,441 |  | Added +434,216 |
| [FIFTH THIRD BANCORP (FITB)](/companies/fitb.md) | COM | $178.8m | 3.8% | 3,171,824 |  | Added +340,401 |
| [DIAMONDBACK ENERGY INC (FANG)](/companies/fang.md) | COM | $177.5m | 3.8% | 1,009,989 |  | Reduced −59,339 |
| [CONOCOPHILLIPS (COP)](/companies/cop.md) | COM | $164.0m | 3.5% | 1,577,846 |  | Reduced −93,457 |
| [BANK OF AMER CORP (BAC)](/companies/bac.md) | COM | $148.5m | 3.2% | 2,606,833 |  | Reduced −152,851 |
| [OCCIDENTAL PETE CORP (OXY)](/companies/oxy.md) | COM | $140.4m | 3.0% | 2,889,985 |  | Reduced −205,550 |
| [UNITEDHEALTH GROUP INC (UNH)](/companies/unh.md) | COM | $136.5m | 2.9% | 328,414 |  | Reduced −18,688 |
| [WESTERN ALLIANCE BANCORP (WAL)](/companies/wal.md) | COM | $131.1m | 2.8% | 1,594,678 |  | Added +239,087 |
| [JPMORGAN CHASE & CO (JPM)](/companies/jpm.md) | COM | $128.6m | 2.8% | 392,900 |  | Reduced −23,194 |
| [CREDIT ACCEP CORP MICH (CACC)](/companies/cacc.md) | COM | $126.6m | 2.7% | 198,808 |  | Reduced −11,662 |
| [U HAUL HOLDING COMPANY (UHAL)](/companies/uhal.md) | COM SER N | $117.2m | 2.5% | 2,031,260 |  | Reduced −115,165 |
| [HOME DEPOT INC (HD)](/companies/hd.md) | COM | $102.3m | 2.2% | 290,159 |  | Reduced −17,180 |
| [EBAY INC. (EBAY)](/companies/ebay.md) | COM | $91.2m | 2.0% | 815,923 |  | Reduced −955,571 |
| [ZOETIS INC (ZTS)](/companies/zts.md) | CL A | $88.6m | 1.9% | 1,233,210 |  | New +1,233,210 |
| [M & T BK CORP (MTB)](/companies/mtb.md) | COM | $66.1m | 1.4% | 277,594 |  | Reduced −16,275 |
| [CROCS INC (CROX)](/companies/crox.md) | COM | $59.0m | 1.3% | 489,245 |  | Reduced −27,925 |
| [ULTA BEAUTY INC (ULTA)](/companies/ulta.md) | COM | $53.2m | 1.1% | 117,976 |  | Reduced −6,919 |
| FRONTLINE PLC | COM | $22.0m | 0.5% | 633,773 |  | Added +23,079 |
| [GARRETT MOTION INC (GTX)](/companies/gtx.md) | COM | $10.0m | 0.2% | 275,064 |  | Added +20,154 |
| [WEST FRASER TIMBER CO LTD (WFG)](/companies/wfg.md) | COM | $8.4m | 0.2% | 123,878 |  | Added +9,100 |
| OCCIDENTAL PETE CORP | \*W EXP 08/03/202 | $1.7m | <0.1% | 65,345 |  | Reduced −85,866 |
| ISHARES TR | RUS 1000 VAL ETF | $1.2m | <0.1% | 4,956 |  | Reduced −1,308 |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [QUALCOMM INC (QCOM)](/companies/qcom.md) | COM | $0 | 0.0% | 0 |  | Sold out −545,810 |

Source: SEC EDGAR, Form 13F-HR, accession 0001172661-26-003262. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.