Smead Capital Management 13F holdings, Q1 2019
Holdings as of March 31, 2019 · filings on SEC EDGAR · latest filing →
Smead Capital Management disclosed 27 US equity positions worth $2.0bn in its Q1 2019 13F filing. The largest position was NVR at 6.6% of the reported book, followed by AMGN and DISCOVERY INC. Against the Q4 2018 filing, it opened 3 new positions, added to 1 and reduced 23 among the top 27 holdings.
What did Smead Capital Management own in Q1 2019? Top 27 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2018 |
|---|---|---|---|---|---|---|---|
| 1 | NVR NVR INC | Consumer Cyclical | 6.6% | $129.2m | 46,686 | -2% | reduced |
| 2 | AMGN AMGEN INC | Healthcare | 6.4% | $126.7m | 666,765 | -2% | reduced |
| 3 | DISCOVERY INC | 6.4% | $126.3m | 4,674,085 | -4% | reduced | |
| 4 | AXP AMERICAN EXPRESS CO | Financial Services | 6.2% | $122.6m | 1,121,746 | -2% | reduced |
| 5 | TGT TARGET CORP | Consumer Defensive | 5.6% | $111.0m | 1,382,500 | -5% | reduced |
| 6 | AFL AFLAC INC | Financial Services | 5.3% | $104.3m | 2,086,874 | -8% | reduced |
| 7 | BRK/B BERKSHIRE HATHAWAY INC DEL | 5.1% | $99.7m | 496,513 | -16% | reduced | |
| 8 | WBA WALGREENS BOOTS ALLIANCE INC | 4.9% | $96.3m | 1,521,799 | -2% | reduced | |
| 9 | JPM JPMORGAN CHASE & CO | Financial Services | 4.4% | $86.6m | 855,785 | -3% | reduced |
| 10 | BAC BANK AMER CORP | Financial Services | 4.4% | $86.1m | 3,119,241 | -3% | reduced |
| 11 | HD HOME DEPOT INC | Consumer Cyclical | 4.3% | $85.3m | 444,497 | -3% | reduced |
| 12 | MRK MERCK & CO INC | Healthcare | 4.1% | $80.1m | 963,021 | -3% | reduced |
| 13 | LEN LENNAR CORP | Consumer Cyclical | 3.8% | $75.8m | 1,544,021 | 1% | added |
| 14 | DIS DISNEY WALT CO | Communication Services | 3.8% | $75.5m | 679,755 | -3% | reduced |
| 15 | ACCENTURE PLC IRELAND | 3.6% | $71.3m | 405,108 | -2% | reduced | |
| 16 | PFE PFIZER INC | Healthcare | 3.5% | $68.3m | 1,607,672 | -3% | reduced |
| 17 | CMCSA COMCAST CORP NEW | Communication Services | 3.3% | $65.2m | 1,629,963 | -4% | reduced |
| 18 | WFC WELLS FARGO CO NEW | Financial Services | 3.0% | $59.5m | 1,232,332 | -2% | reduced |
| 19 | EBAY EBAY INC | Consumer Cyclical | 3.0% | $58.9m | 1,584,880 | -1% | reduced |
| 20 | KR KROGER CO | Consumer Defensive | 2.6% | $51.2m | 2,081,383 | -3% | reduced |
| 21 | JNJ JOHNSON & JOHNSON | Healthcare | 1.9% | $37.3m | 266,659 | -3% | reduced |
| 22 | PYPL PAYPAL HLDGS INC | Financial Services | 1.8% | $35.0m | 336,722 | -2% | reduced |
| 23 | COR AMERISOURCEBERGEN CORP | Healthcare | 1.6% | $31.6m | 397,248 | -1% | reduced |
| 24 | SBUX STARBUCKS CORP | Consumer Cyclical | 1.2% | $23.1m | 311,209 | -3% | reduced |
| 25 | CMI CUMMINS INC | Industrials | 1.1% | $21.7m | 137,415 | – | new |
| 26 | BKNG BOOKING HLDGS INC | Consumer Cyclical | 1.1% | $21.1m | 12,080 | – | new |
| 27 | QCOM QUALCOMM INC | Technology | 1.1% | $20.8m | 365,285 | – | new |
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.