Smead Capital Management 13F holdings, Q3 2023
Holdings as of September 30, 2023 · filings on SEC EDGAR · latest filing →
Smead Capital Management disclosed 30 US equity positions worth $4.9bn in its Q3 2023 13F filing. The largest position was OXY at 9.0% of the reported book, followed by LEN and DHI. Against the Q2 2023 filing, it opened 2 new positions, added to 6 and reduced 21 among the top 30 holdings.
What did Smead Capital Management own in Q3 2023? Top 30 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2023 |
|---|---|---|---|---|---|---|---|
| 1 | OXY OCCIDENTAL PETE CORP | Energy | 9.0% | $440.5m | 6,789,203 | -3% | reduced |
| 2 | LEN LENNAR CORP | Consumer Cyclical | 6.7% | $326.8m | 2,911,897 | -3% | reduced |
| 3 | DHI D R HORTON INC | Consumer Cyclical | 6.1% | $301.3m | 2,803,574 | -3% | reduced |
| 4 | MRK MERCK & CO INC | Healthcare | 6.1% | $299.7m | 2,910,900 | -3% | reduced |
| 5 | AMGN AMGEN INC | Healthcare | 6.1% | $298.4m | 1,110,324 | -3% | reduced |
| 6 | COP CONOCOPHILLIPS | Energy | 5.7% | $279.4m | 2,332,225 | -3% | reduced |
| 7 | OVV OVINTIV INC | Energy | 5.4% | $262.8m | 5,524,515 | 3% | added |
| 8 | AXP AMERICAN EXPRESS CO | Financial Services | 5.4% | $262.3m | 1,758,208 | -3% | reduced |
| 9 | SPG SIMON PPTY GROUP INC NEW | Real Estate | 5.2% | $252.8m | 2,339,906 | -3% | reduced |
| 10 | NVR NVR INC | Consumer Cyclical | 4.8% | $233.8m | 39,204 | -3% | reduced |
| 11 | MAC MACERICH CO | Real Estate | 4.6% | $225.6m | 20,677,213 | -2% | reduced |
| 12 | JPM JPMORGAN CHASE & CO | Financial Services | 4.1% | $200.3m | 1,381,429 | -3% | reduced |
| 13 | APA APA CORPORATION | Energy | 3.9% | $189.5m | 4,609,497 | 4% | added |
| 14 | BAC BANK AMERICA CORP | Financial Services | 3.3% | $163.5m | 5,969,860 | -3% | reduced |
| 15 | DVN DEVON ENERGY CORP NEW | Energy | 3.2% | $155.7m | 3,264,859 | 28% | added |
| 16 | EBAY EBAY INC. | Consumer Cyclical | 2.9% | $143.2m | 3,247,100 | -3% | reduced |
| 17 | TGT TARGET CORP | Consumer Defensive | 2.8% | $138.3m | 1,251,204 | -3% | reduced |
| 18 | HD HOME DEPOT INC | Consumer Cyclical | 2.8% | $136.0m | 450,055 | -3% | reduced |
| 19 | WBD WARNER BROS DISCOVERY INC | Communication Services | 2.6% | $128.4m | 11,823,222 | -3% | reduced |
| 20 | U HAUL HOLDING COMPANY | 2.3% | $110.9m | 2,116,253 | -0% | held | |
| 21 | CACC CREDIT ACCEP CORP MICH | Financial Services | 1.7% | $84.3m | 183,139 | -2% | reduced |
| 22 | QCOM QUALCOMM INC | Technology | 1.7% | $82.4m | 742,346 | -3% | reduced |
| 23 | BRK/B BERKSHIRE HATHAWAY INC DEL | 1.3% | $64.7m | 184,814 | -3% | reduced | |
| 24 | PFE PFIZER INC | Healthcare | 0.9% | $46.4m | 1,397,536 | -3% | reduced |
| 25 | UHAL U HAUL HOLDING COMPANY | Industrials | 0.6% | $28.9m | 529,912 | -4% | reduced |
| 26 | OCCIDENTAL PETE CORP | 0.3% | $13.0m | 301,590 | 4% | added | |
| 27 | CVE CENOVUS ENERGY INC | Energy | 0.3% | $12.3m | 588,769 | 4% | added |
| 28 | FRO FRONTLINE PLC | Energy | 0.2% | $9.0m | 487,451 | 4% | added |
| 29 | WFG WEST FRASER TIMBER CO LTD | Basic Materials | 0.1% | $7.2m | 98,579 | – | new |
| 30 | GOOS CANADA GOOSE HLDGS INC | Consumer Cyclical | 0.1% | $3.5m | 236,912 | – | 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.