Smead Capital Management 13F holdings, Q3 2020
Holdings as of September 30, 2020 · filings on SEC EDGAR · latest filing →
Smead Capital Management disclosed 29 US equity positions worth $1.6bn in its Q3 2020 13F filing. The largest position was TGT at 7.5% of the reported book, followed by LEN and NVR. Against the Q2 2020 filing, it opened 2 new positions, added to 5 and reduced 21 among the top 29 holdings.
What did Smead Capital Management own in Q3 2020? Top 29 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2020 |
|---|---|---|---|---|---|---|---|
| 1 | TGT TARGET CORP | Consumer Defensive | 7.5% | $117.7m | 747,697 | -16% | reduced |
| 2 | LEN LENNAR CORP | Consumer Cyclical | 7.0% | $111.2m | 1,361,863 | -8% | reduced |
| 3 | NVR NVR INC | Consumer Cyclical | 7.0% | $110.8m | 27,147 | -17% | reduced |
| 4 | AMGN AMGEN INC | Healthcare | 6.6% | $103.8m | 408,306 | -10% | reduced |
| 5 | AXP AMERICAN EXPRESS CO | Financial Services | 5.6% | $87.8m | 875,581 | -9% | reduced |
| 6 | DISCOVERY INC | 5.4% | $84.6m | 3,887,962 | -9% | reduced | |
| 7 | EBAY EBAY INC. | Consumer Cyclical | 5.0% | $79.2m | 1,520,229 | -5% | reduced |
| 8 | HD HOME DEPOT INC | Consumer Cyclical | 4.6% | $72.7m | 261,896 | -9% | reduced |
| 9 | JPM JPMORGAN CHASE & CO | Financial Services | 4.1% | $64.6m | 670,735 | -9% | reduced |
| 10 | MRK MERCK & CO. INC | Healthcare | 3.9% | $61.0m | 734,797 | -10% | reduced |
| 11 | CVX CHEVRON CORP NEW | Energy | 3.8% | $60.7m | 843,066 | 27% | added |
| 12 | BAC BK OF AMERICA CORP | Financial Services | 3.7% | $58.6m | 2,434,402 | -10% | reduced |
| 13 | DHI D R HORTON INC | Consumer Cyclical | 3.7% | $57.8m | 764,587 | -9% | reduced |
| 14 | CMCSA COMCAST CORP NEW | Communication Services | 3.6% | $57.6m | 1,244,351 | -9% | reduced |
| 15 | QCOM QUALCOMM INC | Technology | 3.3% | $52.5m | 446,147 | -24% | reduced |
| 16 | BRK/B BERKSHIRE HATHAWAY INC DEL | 3.0% | $47.7m | 224,098 | -10% | reduced | |
| 17 | PFE PFIZER INC | Healthcare | 2.8% | $44.4m | 1,210,080 | -10% | reduced |
| 18 | SPG SIMON PPTY GROUP INC NEW | Real Estate | 2.5% | $40.2m | 622,203 | -0% | held |
| 19 | DIS DISNEY WALT CO | Communication Services | 2.5% | $38.9m | 313,839 | -26% | reduced |
| 20 | MAC MACERICH CO | Real Estate | 2.3% | $35.7m | 5,255,968 | 28% | added |
| 21 | UHAL AMERCO | Industrials | 2.2% | $34.6m | 97,183 | 82% | added |
| 22 | WFC WELLS FARGO CO NEW | Financial Services | 1.9% | $29.6m | 1,259,132 | -31% | reduced |
| 23 | ACCENTURE PLC IRELAND | 1.8% | $28.8m | 127,499 | -29% | reduced | |
| 24 | CACC CREDIT ACCEP CORP MICH | Financial Services | 1.8% | $28.6m | 84,308 | 6% | added |
| 25 | CRI CARTERS INC | Consumer Cyclical | 1.7% | $27.2m | 313,871 | 63% | added |
| 26 | CONTINENTAL RES INC | 1.0% | $15.4m | 1,252,797 | – | new | |
| 27 | ULTA ULTA BEAUTY INC | Consumer Cyclical | 0.9% | $14.7m | 65,631 | -10% | reduced |
| 28 | SBUX STARBUCKS CORP | Consumer Cyclical | 0.8% | $11.8m | 137,856 | -9% | reduced |
| 29 | OCCIDENTAL PETE CORP | 0.0% | $140.0k | 46,675 | – | 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.