Smead Capital Management 13F holdings, Q1 2018
Holdings as of March 31, 2018 · filings on SEC EDGAR · latest filing →
Smead Capital Management disclosed 28 US equity positions worth $2.1bn in its Q1 2018 13F filing. The largest position was BRK/B at 6.3% of the reported book, followed by AMGN and AXP. Against the Q4 2017 filing, it opened 0 new positions, added to 10 and reduced 5 among the top 28 holdings.
What did Smead Capital Management own in Q1 2018? Top 28 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2017 |
|---|---|---|---|---|---|---|---|
| 1 | BRK/B BERKSHIRE HATHAWAY INC DEL | 6.3% | $129.3m | 648,255 | -0% | held | |
| 2 | AMGN AMGEN INC | Healthcare | 6.1% | $126.6m | 742,558 | 9% | added |
| 3 | AXP AMERICAN EXPRESS CO | Financial Services | 5.7% | $117.3m | 1,258,028 | -0% | held |
| 4 | TGT TARGET CORP | Consumer Defensive | 5.3% | $109.4m | 1,576,187 | 10% | added |
| 5 | AFL AFLAC INC | Financial Services | 5.3% | $109.1m | 2,492,161 | 100% | added |
| 6 | NVR NVR INC | Consumer Cyclical | 5.2% | $107.4m | 38,364 | -15% | reduced |
| 7 | JPM JPMORGAN CHASE & CO | Financial Services | 5.1% | $105.9m | 962,551 | -18% | reduced |
| 8 | BAC BANK AMER CORP | Financial Services | 5.1% | $105.1m | 3,503,192 | -17% | reduced |
| 9 | LEN LENNAR CORP | Consumer Cyclical | 5.0% | $103.5m | 1,756,135 | -0% | held |
| 10 | WBA WALGREENS BOOTS ALLIANCE INC | 4.8% | $98.6m | 1,506,472 | 12% | added | |
| 11 | DISCOVERY COMMUNICATNS NEW | 4.6% | $95.2m | 4,442,400 | 12% | added | |
| 12 | EBAY EBAY INC | Consumer Cyclical | 4.1% | $85.1m | 2,115,429 | -20% | reduced |
| 13 | DIS DISNEY WALT CO | Communication Services | 3.7% | $76.8m | 764,694 | 16% | added |
| 14 | WFC WELLS FARGO CO NEW | Financial Services | 3.6% | $73.4m | 1,399,866 | -0% | held |
| 15 | HD HOME DEPOT INC | Consumer Cyclical | 3.5% | $72.1m | 404,563 | -0% | held |
| 16 | ACCENTURE PLC IRELAND | 3.4% | $69.3m | 451,513 | -0% | held | |
| 17 | PFE PFIZER INC | Healthcare | 3.1% | $64.5m | 1,818,721 | -0% | held |
| 18 | CMCSA COMCAST CORP NEW | Communication Services | 3.1% | $64.0m | 1,872,846 | 19% | added |
| 19 | MRK MERCK & CO INC | Healthcare | 2.8% | $58.6m | 1,075,601 | -0% | held |
| 20 | KR KROGER CO | Consumer Defensive | 2.2% | $46.1m | 1,926,526 | 106% | added |
| 21 | NORDSTROM INC | 2.1% | $42.8m | 884,948 | 1% | added | |
| 22 | PYPL PAYPAL HLDGS INC | Financial Services | 2.1% | $42.6m | 561,612 | -44% | reduced |
| 23 | COR AMERISOURCEBERGEN CORP | Healthcare | 1.9% | $38.7m | 449,010 | -0% | held |
| 24 | JNJ JOHNSON & JOHNSON | Healthcare | 1.9% | $38.4m | 299,498 | -0% | held |
| 25 | TGNA TEGNA INC | 1.8% | $38.0m | 3,339,791 | 1% | added | |
| 26 | ALK ALASKA AIR GROUP INC | Industrials | 1.2% | $25.4m | 409,529 | 0% | held |
| 27 | SBUX STARBUCKS CORP | Consumer Cyclical | 1.0% | $20.4m | 351,844 | -0% | held |
| 28 | BRK/A BERKSHIRE HATHAWAY INC DEL | 0.0% | $598.0k | 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.