Smead Capital Management 13F holdings, Q4 2023
Holdings as of December 31, 2023 · filings on SEC EDGAR · latest filing →
Smead Capital Management disclosed 33 US equity positions worth $5.6bn in its Q4 2023 13F filing. The largest position was LEN at 7.2% of the reported book, followed by DHI and OXY. Against the Q3 2023 filing, it opened 4 new positions, added to 15 and reduced 11 among the top 33 holdings.
What did Smead Capital Management own in Q4 2023? Top 33 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2023 |
|---|---|---|---|---|---|---|---|
| 1 | LEN LENNAR CORP | Consumer Cyclical | 7.2% | $404.2m | 2,711,820 | -7% | reduced |
| 2 | DHI D R HORTON INC | Consumer Cyclical | 7.1% | $395.5m | 2,602,172 | -7% | reduced |
| 3 | OXY OCCIDENTAL PETE CORP | Energy | 6.4% | $359.0m | 6,012,879 | -11% | reduced |
| 4 | SPG SIMON PPTY GROUP INC NEW | Real Estate | 5.9% | $328.2m | 2,300,976 | -2% | reduced |
| 5 | MRK MERCK & CO INC | Healthcare | 5.7% | $318.6m | 2,922,472 | 0% | held |
| 6 | MAC MACERICH CO | Real Estate | 5.7% | $316.4m | 20,504,170 | -1% | reduced |
| 7 | AXP AMERICAN EXPRESS CO | Financial Services | 5.6% | $315.2m | 1,682,262 | -4% | reduced |
| 8 | AMGN AMGEN INC | Healthcare | 5.3% | $296.6m | 1,029,768 | -7% | reduced |
| 9 | NVR NVR INC | Consumer Cyclical | 4.9% | $276.4m | 39,481 | 1% | added |
| 10 | OVV OVINTIV INC | Energy | 4.3% | $242.6m | 5,524,510 | -0% | held |
| 11 | JPM JPMORGAN CHASE & CO | Financial Services | 4.2% | $236.6m | 1,391,211 | 1% | added |
| 12 | BAC BANK AMERICA CORP | Financial Services | 4.2% | $234.5m | 6,963,932 | 17% | added |
| 13 | COP CONOCOPHILLIPS | Energy | 4.0% | $224.0m | 1,929,476 | -17% | reduced |
| 14 | APA APA CORPORATION | Energy | 3.4% | $187.9m | 5,235,957 | 14% | added |
| 15 | DVN DEVON ENERGY CORP NEW | Energy | 3.1% | $172.7m | 3,811,292 | 17% | added |
| 16 | HD HOME DEPOT INC | Consumer Cyclical | 2.8% | $157.1m | 453,225 | 1% | added |
| 17 | TGT TARGET CORP | Consumer Defensive | 2.8% | $156.2m | 1,096,533 | -12% | reduced |
| 18 | U HAUL HOLDING COMPANY | 2.6% | $146.3m | 2,077,500 | -2% | reduced | |
| 19 | EBAY EBAY INC. | Consumer Cyclical | 2.6% | $142.6m | 3,270,059 | 1% | added |
| 20 | WBD WARNER BROS DISCOVERY INC | Communication Services | 2.0% | $114.0m | 10,017,847 | -15% | reduced |
| 21 | QCOM QUALCOMM INC | Technology | 1.9% | $108.1m | 747,576 | 1% | added |
| 22 | CACC CREDIT ACCEP CORP MICH | Financial Services | 1.7% | $97.2m | 182,486 | -0% | held |
| 23 | WAL WESTERN ALLIANCE BANCORP | Financial Services | 1.4% | $78.0m | 1,184,936 | – | new |
| 24 | FITB FIFTH THIRD BANCORP | Financial Services | 1.2% | $67.4m | 1,952,849 | – | new |
| 25 | BRK/B BERKSHIRE HATHAWAY INC DEL | 1.2% | $66.4m | 186,121 | 1% | added | |
| 26 | MTB M & T BK CORP | Financial Services | 1.1% | $59.4m | 433,456 | – | new |
| 27 | UHAL U HAUL HOLDING COMPANY | Industrials | 0.7% | $38.4m | 534,592 | 1% | added |
| 28 | OCCIDENTAL PETE CORP | 0.2% | $12.1m | 309,850 | 3% | added | |
| 29 | CVE CENOVUS ENERGY INC | Energy | 0.2% | $10.1m | 604,903 | 3% | added |
| 30 | FRO FRONTLINE PLC | Energy | 0.2% | $10.0m | 500,827 | 3% | added |
| 31 | WFG WEST FRASER TIMBER CO LTD | Basic Materials | 0.2% | $8.7m | 101,280 | 3% | added |
| 32 | GOOS CANADA GOOSE HLDGS INC | Consumer Cyclical | 0.1% | $2.9m | 243,404 | 3% | added |
| 33 | SPY SPDR S&P 500 ETF TR | 0.0% | $1.4m | 2,944 | – | 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.