Smead Capital Management 13F holdings, Q1 2023
Holdings as of March 31, 2023 · filings on SEC EDGAR · latest filing →
Smead Capital Management disclosed 29 US equity positions worth $5.0bn in its Q1 2023 13F filing. The largest position was OXY at 8.8% of the reported book, followed by MRK and LEN. Against the Q4 2022 filing, it opened 3 new positions, added to 25 and reduced 0 among the top 29 holdings.
What did Smead Capital Management own in Q1 2023? Top 29 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2022 |
|---|---|---|---|---|---|---|---|
| 1 | OXY OCCIDENTAL PETE CORP | Energy | 8.8% | $443.9m | 7,109,768 | 4% | added |
| 2 | MRK MERCK & CO INC | Healthcare | 6.5% | $324.3m | 3,047,792 | 2% | added |
| 3 | LEN LENNAR CORP | Consumer Cyclical | 6.4% | $321.4m | 3,057,384 | 3% | added |
| 4 | AXP AMERICAN EXPRESS CO | Financial Services | 6.1% | $304.0m | 1,843,172 | 3% | added |
| 5 | NVR NVR INC | Consumer Cyclical | 6.0% | $300.6m | 53,955 | 3% | added |
| 6 | DHI D R HORTON INC | Consumer Cyclical | 5.7% | $287.5m | 2,943,195 | 2% | added |
| 7 | AMGN AMGEN INC | Healthcare | 5.6% | $280.9m | 1,161,951 | 2% | added |
| 8 | SPG SIMON PPTY GROUP INC NEW | Real Estate | 5.5% | $275.1m | 2,457,290 | 3% | added |
| 9 | COP CONOCOPHILLIPS | Energy | 4.8% | $243.2m | 2,451,821 | 5% | added |
| 10 | MAC MACERICH CO | Real Estate | 4.5% | $226.7m | 21,390,798 | 1% | added |
| 11 | TGT TARGET CORP | Consumer Defensive | 4.3% | $217.4m | 1,312,334 | 3% | added |
| 12 | JPM JPMORGAN CHASE & CO | Financial Services | 3.8% | $188.4m | 1,446,122 | 3% | added |
| 13 | WBD WARNER BROS DISCOVERY INC | Communication Services | 3.7% | $187.4m | 12,407,882 | 4% | added |
| 14 | BAC BANK AMERICA CORP | Financial Services | 3.6% | $179.3m | 6,268,063 | 3% | added |
| 15 | OVV OVINTIV INC | Energy | 3.1% | $157.7m | 4,371,305 | 10% | added |
| 16 | EBAY EBAY INC. | Consumer Cyclical | 3.0% | $150.9m | 3,401,187 | 3% | added |
| 17 | HD HOME DEPOT INC | Consumer Cyclical | 2.8% | $139.4m | 472,285 | 3% | added |
| 18 | CVX CHEVRON CORP NEW | Energy | 2.8% | $138.9m | 851,066 | 4% | added |
| 19 | APA APA CORPORATION | Energy | 2.4% | $121.8m | 3,377,365 | – | new |
| 20 | U HAUL HOLDING COMPANY | 2.2% | $110.9m | 2,139,333 | 6% | added | |
| 21 | QCOM QUALCOMM INC | Technology | 2.0% | $99.5m | 779,700 | 2% | added |
| 22 | CACC CREDIT ACCEP CORP MICH | Financial Services | 1.6% | $82.6m | 189,396 | 3% | added |
| 23 | BRK/B BERKSHIRE HATHAWAY INC DEL | 1.2% | $59.8m | 193,618 | 3% | added | |
| 24 | PFE PFIZER INC | Healthcare | 1.2% | $59.7m | 1,464,439 | 3% | added |
| 25 | DVN DEVON ENERGY CORP NEW | Energy | 1.1% | $53.0m | 1,047,429 | – | new |
| 26 | UHAL U HAUL HOLDING COMPANY | Industrials | 0.7% | $34.5m | 578,055 | -0% | held |
| 27 | OCCIDENTAL PETE CORP | 0.2% | $11.8m | 287,325 | 44% | added | |
| 28 | CVE CENOVUS ENERGY INC | Energy | 0.2% | $9.8m | 561,224 | 42% | added |
| 29 | FRO FRONTLINE PLC | Energy | 0.2% | $7.6m | 465,321 | – | 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.