Smead Capital Management 13F holdings, Q3 2019
Holdings as of September 30, 2019 · filings on SEC EDGAR · latest filing →
Smead Capital Management disclosed 26 US equity positions worth $2.0bn in its Q3 2019 13F filing. The largest position was NVR at 8.0% of the reported book, followed by TGT and AXP. Against the Q2 2019 filing, it opened 1 new position, added to 1 and reduced 24 among the top 26 holdings.
What did Smead Capital Management own in Q3 2019? Top 26 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2019 |
|---|---|---|---|---|---|---|---|
| 1 | NVR NVR INC | Consumer Cyclical | 8.0% | $164.1m | 44,140 | -3% | reduced |
| 2 | TGT TARGET CORP | Consumer Defensive | 6.8% | $139.4m | 1,304,221 | -3% | reduced |
| 3 | AXP AMERICAN EXPRESS CO | Financial Services | 6.1% | $125.0m | 1,056,664 | -3% | reduced |
| 4 | AMGN AMGEN INC | Healthcare | 5.9% | $121.6m | 628,386 | -3% | reduced |
| 5 | DISCOVERY INC | 5.7% | $117.6m | 4,415,154 | -3% | reduced | |
| 6 | HD HOME DEPOT INC | Consumer Cyclical | 4.8% | $97.5m | 420,317 | -3% | reduced |
| 7 | OXY OCCIDENTAL PETE CORP | Energy | 4.7% | $96.0m | 2,158,949 | 157% | added |
| 8 | JPM JPMORGAN CHASE & CO | Financial Services | 4.6% | $95.0m | 807,438 | -3% | reduced |
| 9 | BAC BANK AMER CORP | Financial Services | 4.2% | $85.8m | 2,943,026 | -3% | reduced |
| 10 | DIS DISNEY WALT CO | Communication Services | 4.1% | $83.4m | 639,713 | -3% | reduced |
| 11 | LEN LENNAR CORP | Consumer Cyclical | 4.0% | $81.5m | 1,459,535 | -3% | reduced |
| 12 | AFL AFLAC INC | Financial Services | 4.0% | $81.5m | 1,556,891 | -15% | reduced |
| 13 | BRK/B BERKSHIRE HATHAWAY INC DEL | 3.8% | $78.4m | 376,934 | -3% | reduced | |
| 14 | WBA WALGREENS BOOTS ALLIANCE INC | 3.8% | $77.7m | 1,405,376 | -3% | reduced | |
| 15 | MRK MERCK & CO INC | Healthcare | 3.8% | $76.9m | 913,107 | -3% | reduced |
| 16 | WFC WELLS FARGO CO NEW | Financial Services | 3.4% | $69.9m | 1,385,797 | -3% | reduced |
| 17 | CMCSA COMCAST CORP NEW | Communication Services | 3.4% | $69.5m | 1,541,146 | -3% | reduced |
| 18 | ACCENTURE PLC IRELAND | 3.0% | $62.3m | 323,983 | -3% | reduced | |
| 19 | MAC MACERICH CO | Real Estate | 3.0% | $61.8m | 1,954,808 | – | new |
| 20 | EBAY EBAY INC | Consumer Cyclical | 2.8% | $58.1m | 1,489,986 | -3% | reduced |
| 21 | QCOM QUALCOMM INC | Technology | 2.8% | $56.5m | 741,326 | -3% | reduced |
| 22 | PFE PFIZER INC | Healthcare | 2.7% | $54.4m | 1,513,877 | -3% | reduced |
| 23 | SBUX STARBUCKS CORP | Consumer Cyclical | 1.3% | $26.0m | 293,698 | -3% | reduced |
| 24 | PYPL PAYPAL HLDGS INC | Financial Services | 1.2% | $23.5m | 227,274 | -3% | reduced |
| 25 | BKNG BOOKING HLDGS INC | Consumer Cyclical | 1.1% | $22.4m | 11,406 | -3% | reduced |
| 26 | CMI CUMMINS INC | Industrials | 1.0% | $21.0m | 129,372 | -3% | reduced |
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.