Smead Capital Management 13F holdings, Q1 2017
Holdings as of March 31, 2017 · filings on SEC EDGAR · latest filing →
Smead Capital Management disclosed 27 US equity positions worth $2.0bn in its Q1 2017 13F filing. The largest position was NVR at 7.0% of the reported book, followed by AMGN and BRK/B. Against the Q4 2016 filing, it opened 0 new positions, added to 5 and reduced 21 among the top 27 holdings.
What did Smead Capital Management own in Q1 2017? Top 27 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2016 |
|---|---|---|---|---|---|---|---|
| 1 | NVR NVR INC | Consumer Cyclical | 7.0% | $138.2m | 65,595 | -11% | reduced |
| 2 | AMGN AMGEN INC | Healthcare | 6.1% | $121.3m | 739,393 | -1% | reduced |
| 3 | BRK/B BERKSHIRE HATHAWAY INC DEL | 5.9% | $117.4m | 704,094 | -2% | reduced | |
| 4 | JPM JPMORGAN CHASE & CO | Financial Services | 5.7% | $113.6m | 1,292,972 | -11% | reduced |
| 5 | BAC BANK AMER CORP | Financial Services | 5.6% | $110.2m | 4,672,233 | -12% | reduced |
| 6 | AXP AMERICAN EXPRESS CO | Financial Services | 5.5% | $108.2m | 1,368,250 | -2% | reduced |
| 7 | EBAY EBAY INC | Consumer Cyclical | 5.3% | $106.2m | 3,162,873 | -2% | reduced |
| 8 | AFL AFLAC INC | Financial Services | 4.9% | $98.1m | 1,354,827 | -2% | reduced |
| 9 | TGNA TEGNA INC | 4.7% | $93.0m | 3,629,499 | -14% | reduced | |
| 10 | PYPL PAYPAL HLDGS INC | Financial Services | 4.4% | $87.4m | 2,032,615 | -2% | reduced |
| 11 | WFC WELLS FARGO & CO NEW | Financial Services | 4.3% | $84.7m | 1,521,246 | -2% | reduced |
| 12 | DIS DISNEY WALT CO | Communication Services | 4.1% | $81.2m | 716,063 | -1% | reduced |
| 13 | WBA WALGREENS BOOTS ALLIANCE INC | 3.8% | $74.9m | 901,985 | 23% | added | |
| 14 | MRK MERCK & CO INC | Healthcare | 3.7% | $74.3m | 1,168,890 | -2% | reduced |
| 15 | PFE PFIZER INC | Healthcare | 3.4% | $67.6m | 1,976,464 | -2% | reduced |
| 16 | LEN LENNAR CORP | Consumer Cyclical | 3.4% | $66.7m | 1,302,102 | 17% | added |
| 17 | HD HOME DEPOT INC | Consumer Cyclical | 3.3% | $64.7m | 440,430 | -16% | reduced |
| 18 | CMCSA COMCAST CORP NEW | Communication Services | 3.2% | $64.0m | 1,703,901 | 76% | added |
| 19 | EXPRESS SCRIPTS HLDG CO | 3.1% | $60.6m | 919,209 | 17% | added | |
| 20 | ACCENTURE PLC IRELAND | 3.0% | $58.8m | 490,639 | -2% | reduced | |
| 21 | NORDSTROM INC | 2.2% | $44.0m | 944,984 | 16% | added | |
| 22 | ALK ALASKA AIR GROUP INC | Industrials | 2.1% | $41.0m | 444,980 | -2% | reduced |
| 23 | JNJ JOHNSON & JOHNSON | Healthcare | 2.0% | $40.5m | 325,502 | -2% | reduced |
| 24 | SNI SCRIPPS NETWORKS INTERACT IN | 1.2% | $23.9m | 304,599 | -2% | reduced | |
| 25 | SBUX STARBUCKS CORP | Consumer Cyclical | 1.1% | $22.4m | 382,828 | -2% | reduced |
| 26 | COR AMERISOURCEBERGEN CORP | Healthcare | 1.1% | $22.2m | 250,471 | -2% | reduced |
| 27 | BRK/A BERKSHIRE HATHAWAY INC DEL | 0.0% | $500.0k | 200 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.