Smead Capital Management 13F holdings, Q2 2023
Holdings as of June 30, 2023 · filings on SEC EDGAR · latest filing →
Smead Capital Management disclosed 28 US equity positions worth $5.0bn in its Q2 2023 13F filing. The largest position was OXY at 8.2% of the reported book, followed by LEN and DHI. Against the Q1 2023 filing, it opened 0 new positions, added to 6 and reduced 22 among the top 28 holdings.
What did Smead Capital Management own in Q2 2023? Top 28 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2023 |
|---|---|---|---|---|---|---|---|
| 1 | OXY OCCIDENTAL PETE CORP | Energy | 8.2% | $412.2m | 7,010,978 | -1% | reduced |
| 2 | LEN LENNAR CORP | Consumer Cyclical | 7.5% | $377.5m | 3,012,527 | -1% | reduced |
| 3 | DHI D R HORTON INC | Consumer Cyclical | 7.0% | $353.0m | 2,900,578 | -1% | reduced |
| 4 | MRK MERCK & CO INC | Healthcare | 6.9% | $347.4m | 3,010,773 | -1% | reduced |
| 5 | AXP AMERICAN EXPRESS CO | Financial Services | 6.3% | $316.8m | 1,818,692 | -1% | reduced |
| 6 | SPG SIMON PPTY GROUP INC NEW | Real Estate | 5.5% | $279.3m | 2,419,000 | -2% | reduced |
| 7 | NVR NVR INC | Consumer Cyclical | 5.1% | $257.0m | 40,468 | -25% | reduced |
| 8 | AMGN AMGEN INC | Healthcare | 5.1% | $255.0m | 1,148,553 | -1% | reduced |
| 9 | COP CONOCOPHILLIPS | Energy | 5.0% | $249.9m | 2,412,407 | -2% | reduced |
| 10 | MAC MACERICH CO | Real Estate | 4.7% | $236.9m | 21,018,847 | -2% | reduced |
| 11 | JPM JPMORGAN CHASE & CO | Financial Services | 4.1% | $207.4m | 1,425,683 | -1% | reduced |
| 12 | OVV OVINTIV INC | Energy | 4.1% | $205.1m | 5,388,499 | 23% | added |
| 13 | BAC BANK AMERICA CORP | Financial Services | 3.5% | $176.8m | 6,162,605 | -2% | reduced |
| 14 | TGT TARGET CORP | Consumer Defensive | 3.4% | $170.3m | 1,291,467 | -2% | reduced |
| 15 | WBD WARNER BROS DISCOVERY INC | Communication Services | 3.0% | $153.0m | 12,204,429 | -2% | reduced |
| 16 | APA APA CORPORATION | Energy | 3.0% | $151.8m | 4,441,563 | 32% | added |
| 17 | EBAY EBAY INC. | Consumer Cyclical | 3.0% | $149.8m | 3,351,406 | -1% | reduced |
| 18 | HD HOME DEPOT INC | Consumer Cyclical | 2.9% | $144.3m | 464,552 | -2% | reduced |
| 19 | DVN DEVON ENERGY CORP NEW | Energy | 2.4% | $123.3m | 2,550,354 | 143% | added |
| 20 | U HAUL HOLDING COMPANY | 2.1% | $107.8m | 2,126,818 | -1% | reduced | |
| 21 | CACC CREDIT ACCEP CORP MICH | Financial Services | 1.9% | $95.0m | 187,007 | -1% | reduced |
| 22 | QCOM QUALCOMM INC | Technology | 1.8% | $91.2m | 766,223 | -2% | reduced |
| 23 | BRK/B BERKSHIRE HATHAWAY INC DEL | 1.3% | $65.0m | 190,736 | -1% | reduced | |
| 24 | PFE PFIZER INC | Healthcare | 1.1% | $52.9m | 1,442,447 | -2% | reduced |
| 25 | UHAL U HAUL HOLDING COMPANY | Industrials | 0.6% | $30.4m | 550,215 | -5% | reduced |
| 26 | OCCIDENTAL PETE CORP | 0.2% | $10.8m | 290,115 | 1% | added | |
| 27 | CVE CENOVUS ENERGY INC | Energy | 0.2% | $9.6m | 566,355 | 1% | added |
| 28 | FRO FRONTLINE PLC | Energy | 0.1% | $6.7m | 468,869 | 1% | added |
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.