Smead Capital Management disclosed 28 US equity positions worth $2.2bn in its Q4 2019 13F filing. Its largest position is TGT at 7.6% of the reported book, followed by NVR and AMGN. Versus Q3 2019 it opened 2 new positions, added to 24, reduced 2 and exited 0.
$2.2bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
28
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
7.6%
Largest position
The largest single position as a share of the reported equity book.
56.1%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
21
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
75
Quarters on file since Q4 2007
Quarters for which this manager's 13F holdings are on record.