Smead Capital Management 13F holdings, Q1 2024
Holdings as of March 31, 2024 · filings on SEC EDGAR · latest filing →
Smead Capital Management disclosed 32 US equity positions worth $6.4bn in its Q1 2024 13F filing. The largest position was LEN at 6.6% of the reported book, followed by OXY and MRK. Against the Q4 2023 filing, it opened 0 new positions, added to 26 and reduced 6 among the top 32 holdings.
What did Smead Capital Management own in Q1 2024? Top 32 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2023 |
|---|---|---|---|---|---|---|---|
| 1 | LEN LENNAR CORP | Consumer Cyclical | 6.6% | $420.0m | 2,441,883 | -10% | reduced |
| 2 | OXY OCCIDENTAL PETE CORP | Energy | 6.4% | $407.8m | 6,274,936 | 4% | added |
| 3 | MRK MERCK & CO INC | Healthcare | 6.3% | $402.0m | 3,046,975 | 4% | added |
| 4 | AXP AMERICAN EXPRESS CO | Financial Services | 6.3% | $400.9m | 1,760,843 | 5% | added |
| 5 | DHI D R HORTON INC | Consumer Cyclical | 5.9% | $379.2m | 2,304,319 | -11% | reduced |
| 6 | SPG SIMON PPTY GROUP INC NEW | Real Estate | 5.9% | $375.4m | 2,399,145 | 4% | added |
| 7 | MAC MACERICH CO | Real Estate | 5.0% | $322.4m | 18,709,363 | -9% | reduced |
| 8 | AMGN AMGEN INC | Healthcare | 4.8% | $305.3m | 1,073,851 | 4% | added |
| 9 | OVV OVINTIV INC | Energy | 4.7% | $299.5m | 5,771,196 | 4% | added |
| 10 | JPM JPMORGAN CHASE & CO | Financial Services | 4.5% | $290.7m | 1,451,104 | 4% | added |
| 11 | BAC BANK AMERICA CORP | Financial Services | 4.3% | $275.5m | 7,265,332 | 4% | added |
| 12 | DVN DEVON ENERGY CORP NEW | Energy | 4.2% | $270.1m | 5,383,410 | 41% | added |
| 13 | NVR NVR INC | Consumer Cyclical | 4.2% | $268.6m | 33,161 | -16% | reduced |
| 14 | APA APA CORPORATION | Energy | 4.2% | $266.8m | 7,759,287 | 48% | added |
| 15 | COP CONOCOPHILLIPS | Energy | 4.0% | $256.0m | 2,011,508 | 4% | added |
| 16 | TGT TARGET CORP | Consumer Defensive | 3.2% | $202.0m | 1,139,865 | 4% | added |
| 17 | HD HOME DEPOT INC | Consumer Cyclical | 2.8% | $181.3m | 472,616 | 4% | added |
| 18 | EBAY EBAY INC. | Consumer Cyclical | 2.8% | $180.0m | 3,411,153 | 4% | added |
| 19 | U HAUL HOLDING COMPANY | 2.3% | $145.1m | 2,176,140 | 5% | added | |
| 20 | QCOM QUALCOMM INC | Technology | 2.1% | $132.0m | 779,802 | 4% | added |
| 21 | CACC CREDIT ACCEP CORP MICH | Financial Services | 1.6% | $104.9m | 190,279 | 4% | added |
| 22 | CVE CENOVUS ENERGY INC | Energy | 1.3% | $86.4m | 4,322,101 | 615% | added |
| 23 | BRK/B BERKSHIRE HATHAWAY INC DEL | 1.3% | $81.6m | 194,074 | 4% | added | |
| 24 | WAL WESTERN ALLIANCE BANCORP | Financial Services | 1.2% | $79.4m | 1,236,204 | 4% | added |
| 25 | FITB FIFTH THIRD BANCORP | Financial Services | 1.2% | $75.8m | 2,036,276 | 4% | added |
| 26 | MTB M & T BK CORP | Financial Services | 1.0% | $65.8m | 452,126 | 4% | added |
| 27 | WBD WARNER BROS DISCOVERY INC | Communication Services | 0.9% | $57.6m | 6,602,461 | -34% | reduced |
| 28 | UHAL U HAUL HOLDING COMPANY | Industrials | 0.6% | $37.0m | 547,554 | 2% | added |
| 29 | FRO FRONTLINE PLC | Energy | 0.2% | $14.0m | 614,726 | 23% | added |
| 30 | OCCIDENTAL PETE CORP | 0.2% | $12.1m | 281,600 | -9% | reduced | |
| 31 | WFG WEST FRASER TIMBER CO LTD | Basic Materials | 0.2% | $10.7m | 124,170 | 23% | added |
| 32 | GOOS CANADA GOOSE HLDGS INC | Consumer Cyclical | 0.1% | $3.6m | 298,533 | 23% | 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.