Smead Capital Management 13F holdings, Q4 2017
Holdings as of December 31, 2017 · filings on SEC EDGAR · latest filing →
Smead Capital Management disclosed 29 US equity positions worth $2.2bn in its Q4 2017 13F filing. The largest position was NVR at 7.2% of the reported book, followed by BRK/B and BAC. Against the Q3 2017 filing, it opened 2 new positions, added to 2 and reduced 24 among the top 29 holdings.
What did Smead Capital Management own in Q4 2017? Top 29 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2017 |
|---|---|---|---|---|---|---|---|
| 1 | NVR NVR INC | Consumer Cyclical | 7.2% | $157.9m | 45,019 | -5% | reduced |
| 2 | BRK/B BERKSHIRE HATHAWAY INC DEL | 5.9% | $128.7m | 649,489 | -4% | reduced | |
| 3 | BAC BANK AMER CORP | Financial Services | 5.7% | $125.1m | 4,237,213 | -5% | reduced |
| 4 | AXP AMERICAN EXPRESS CO | Financial Services | 5.7% | $125.1m | 1,259,466 | -4% | reduced |
| 5 | JPM JPMORGAN CHASE & CO | Financial Services | 5.7% | $124.8m | 1,167,368 | -6% | reduced |
| 6 | AMGN AMGEN INC | Healthcare | 5.4% | $118.6m | 682,114 | -4% | reduced |
| 7 | LEN LENNAR CORP | Consumer Cyclical | 5.1% | $111.2m | 1,757,911 | -4% | reduced |
| 8 | AFL AFLAC INC | Financial Services | 5.0% | $109.6m | 1,248,868 | -4% | reduced |
| 9 | EBAY EBAY INC | Consumer Cyclical | 4.6% | $100.1m | 2,652,151 | -5% | reduced |
| 10 | WBA WALGREENS BOOTS ALLIANCE INC | 4.4% | $97.5m | 1,342,951 | 7% | added | |
| 11 | TGT TARGET CORP | Consumer Defensive | 4.3% | $93.6m | 1,434,682 | 6% | added |
| 12 | DISCOVERY COMMUNICATNS NEW | 4.0% | $88.4m | 3,949,936 | – | new | |
| 13 | WFC WELLS FARGO CO NEW | Financial Services | 3.9% | $85.1m | 1,401,913 | -4% | reduced |
| 14 | HD HOME DEPOT INC | Consumer Cyclical | 3.5% | $76.7m | 404,890 | -5% | reduced |
| 15 | PYPL PAYPAL HLDGS INC | Financial Services | 3.4% | $73.6m | 999,465 | -5% | reduced |
| 16 | DIS DISNEY WALT CO | Communication Services | 3.2% | $70.9m | 659,349 | -4% | reduced |
| 17 | ACCENTURE PLC IRELAND | 3.2% | $69.2m | 451,935 | -4% | reduced | |
| 18 | PFE PFIZER INC | Healthcare | 3.0% | $66.0m | 1,821,728 | -4% | reduced |
| 19 | CMCSA COMCAST CORP NEW | Communication Services | 2.9% | $62.8m | 1,567,595 | -4% | reduced |
| 20 | MRK MERCK & CO INC | Healthcare | 2.8% | $60.6m | 1,076,267 | -5% | reduced |
| 21 | TGNA TEGNA INC | 2.1% | $46.7m | 3,317,254 | -5% | reduced | |
| 22 | JNJ JOHNSON & JOHNSON | Healthcare | 1.9% | $41.9m | 299,602 | -4% | reduced |
| 23 | NORDSTROM INC | 1.9% | $41.7m | 879,532 | -5% | reduced | |
| 24 | COR AMERISOURCEBERGEN CORP | Healthcare | 1.9% | $41.3m | 449,758 | -4% | reduced |
| 25 | ALK ALASKA AIR GROUP INC | Industrials | 1.4% | $30.1m | 409,475 | -5% | reduced |
| 26 | KR KROGER CO | Consumer Defensive | 1.2% | $25.7m | 935,789 | -5% | reduced |
| 27 | SBUX STARBUCKS CORP | Consumer Cyclical | 0.9% | $20.2m | 352,196 | -4% | reduced |
| 28 | SPY SPDR S&P 500 ETF TR | 0.1% | $2.0m | 7,535 | – | new | |
| 29 | BRK/A BERKSHIRE HATHAWAY INC DEL | 0.0% | $595.0k | 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.