Smead Capital Management 13F holdings, Q1 2020
Holdings as of March 31, 2020 · filings on SEC EDGAR · latest filing →
Smead Capital Management disclosed 28 US equity positions worth $1.4bn in its Q1 2020 13F filing. The largest position was AMGN at 7.6% of the reported book, followed by TGT and DISCOVERY INC. Against the Q4 2019 filing, it opened 5 new positions, added to 7 and reduced 16 among the top 28 holdings.
What did Smead Capital Management own in Q1 2020? Top 28 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2019 |
|---|---|---|---|---|---|---|---|
| 1 | AMGN AMGEN INC | Healthcare | 7.6% | $107.6m | 530,631 | -16% | reduced |
| 2 | TGT TARGET CORP | Consumer Defensive | 7.5% | $105.4m | 1,133,574 | -15% | reduced |
| 3 | DISCOVERY INC | 6.4% | $90.5m | 4,653,012 | 4% | added | |
| 4 | NVR NVR INC | Consumer Cyclical | 6.4% | $90.2m | 35,095 | -16% | reduced |
| 5 | AXP AMERICAN EXPRESS CO | Financial Services | 6.3% | $88.7m | 1,035,675 | -3% | reduced |
| 6 | HD HOME DEPOT INC | Consumer Cyclical | 5.3% | $75.3m | 403,556 | -6% | reduced |
| 7 | JPM JPMORGAN CHASE & CO | Financial Services | 5.1% | $71.4m | 793,602 | -3% | reduced |
| 8 | MRK MERCK & CO. INC | Healthcare | 4.8% | $67.8m | 881,307 | -5% | reduced |
| 9 | BRK/B BERKSHIRE HATHAWAY INC DEL | 4.7% | $66.2m | 362,297 | -5% | reduced | |
| 10 | BAC BK OF AMERICA CORP | Financial Services | 4.4% | $61.6m | 2,899,992 | -3% | reduced |
| 11 | LEN LENNAR CORP | Consumer Cyclical | 4.3% | $61.0m | 1,596,920 | 8% | added |
| 12 | WFC WELLS FARGO CO NEW | Financial Services | 4.0% | $56.8m | 1,979,590 | 41% | added |
| 13 | EBAY EBAY INC | Consumer Cyclical | 3.7% | $52.5m | 1,746,452 | 15% | added |
| 14 | DIS DISNEY WALT CO | Communication Services | 3.7% | $52.2m | 540,647 | -17% | reduced |
| 15 | CMCSA COMCAST CORP NEW | Communication Services | 3.6% | $51.1m | 1,485,470 | -5% | reduced |
| 16 | QCOM QUALCOMM INC | Technology | 3.5% | $49.5m | 731,444 | -3% | reduced |
| 17 | PFE PFIZER INC | Healthcare | 3.4% | $47.6m | 1,458,724 | -5% | reduced |
| 18 | CVX CHEVRON CORP NEW | Energy | 3.2% | $45.0m | 620,929 | – | new |
| 19 | ACCENTURE PLC IRELAND | 3.1% | $43.2m | 264,722 | -20% | reduced | |
| 20 | DHI D R HORTON INC | Consumer Cyclical | 2.2% | $31.1m | 913,229 | – | new |
| 21 | MAC MACERICH CO | Real Estate | 1.7% | $23.4m | 4,151,063 | 79% | added |
| 22 | BKNG BOOKING HLDGS INC | Consumer Cyclical | 1.6% | $22.3m | 16,579 | 43% | added |
| 23 | SPG SIMON PPTY GROUP INC NEW | Real Estate | 1.1% | $15.7m | 285,638 | – | new |
| 24 | CACC CREDIT ACCEP CORP MICH | Financial Services | 1.0% | $14.4m | 56,397 | – | new |
| 25 | SBUX STARBUCKS CORP | Consumer Cyclical | 0.8% | $10.7m | 162,730 | -45% | reduced |
| 26 | PYPL PAYPAL HLDGS INC | Financial Services | 0.6% | $8.5m | 89,044 | -62% | reduced |
| 27 | ENTERCOM COMMUNICATIONS CORP | 0.0% | $32.0k | 18,544 | 2% | added | |
| 28 | LIBERTY TRIPADVISOR HLDGS IN | 0.0% | $19.0k | 10,725 | – | 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.