Smead Capital Management disclosed 29 US equity positions worth $5.0bn in its Q1 2023 13F filing. Its largest position is OXY at 8.8% of the reported book, followed by MRK and LEN. Versus Q4 2022 it opened 3 new positions, added to 25, reduced 0 and exited 0.
$5.0bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
29
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
8.8%
Largest position
The largest single position as a share of the reported equity book.
59.9%
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.