Smead Capital Management 13F holdings, Q4 2024
Holdings as of December 31, 2024 · filings on SEC EDGAR · latest filing →
Smead Capital Management disclosed 34 US equity positions worth $6.5bn in its Q4 2024 13F filing. The largest position was SPG at 6.8% of the reported book, followed by AXP and MAC. Against the Q3 2024 filing, it opened 4 new positions, added to 6 and reduced 24 among the top 34 holdings.
What did Smead Capital Management own in Q4 2024? Top 34 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2024 |
|---|---|---|---|---|---|---|---|
| 1 | SPG SIMON PPTY GROUP INC NEW | Real Estate | 6.8% | $440.6m | 2,558,289 | -2% | reduced |
| 2 | AXP AMERICAN EXPRESS CO | Financial Services | 6.2% | $399.0m | 1,344,431 | -17% | reduced |
| 3 | MAC MACERICH CO | Real Estate | 6.2% | $397.4m | 19,949,757 | -2% | reduced |
| 4 | LEN LENNAR CORP | Consumer Cyclical | 5.5% | $355.0m | 2,603,555 | -2% | reduced |
| 5 | DHI D R HORTON INC | Consumer Cyclical | 5.3% | $343.5m | 2,456,911 | -2% | reduced |
| 6 | MRK MERCK & CO INC | Healthcare | 5.1% | $328.3m | 3,300,210 | -2% | reduced |
| 7 | OXY OCCIDENTAL PETE CORP | Energy | 5.0% | $323.6m | 6,549,155 | -2% | reduced |
| 8 | AMGN AMGEN INC | Healthcare | 4.6% | $298.4m | 1,145,056 | -2% | reduced |
| 9 | APA APA CORPORATION | Energy | 4.5% | $292.8m | 12,681,405 | 31% | added |
| 10 | NVR NVR INC | Consumer Cyclical | 4.5% | $289.2m | 35,355 | -2% | reduced |
| 11 | BAC BANK AMERICA CORP | Financial Services | 4.2% | $272.3m | 6,195,818 | -22% | reduced |
| 12 | JPM JPMORGAN CHASE & CO. | Financial Services | 4.0% | $259.0m | 1,080,528 | -23% | reduced |
| 13 | OVV OVINTIV INC | Energy | 3.9% | $248.8m | 6,142,821 | -3% | reduced |
| 14 | CVE CENOVUS ENERGY INC | Energy | 3.6% | $229.1m | 15,123,232 | -2% | reduced |
| 15 | EBAY EBAY INC. | Consumer Cyclical | 3.5% | $225.4m | 3,637,757 | -2% | reduced |
| 16 | COP CONOCOPHILLIPS | Energy | 3.3% | $212.7m | 2,144,865 | -2% | reduced |
| 17 | TGT TARGET CORP | Consumer Defensive | 3.1% | $201.6m | 1,491,157 | 20% | added |
| 18 | HD HOME DEPOT INC | Consumer Cyclical | 3.0% | $196.0m | 503,875 | -2% | reduced |
| 19 | DVN DEVON ENERGY CORP NEW | Energy | 2.9% | $187.7m | 5,734,353 | -2% | reduced |
| 20 | U HAUL HOLDING COMPANY | 2.4% | $157.4m | 2,456,781 | 1% | added | |
| 21 | WAL WESTERN ALLIANCE BANCORP | Financial Services | 1.7% | $110.1m | 1,318,211 | -2% | reduced |
| 22 | QCOM QUALCOMM INC | Technology | 1.6% | $103.1m | 671,266 | -2% | reduced |
| 23 | CACC CREDIT ACCEP CORP MICH | Financial Services | 1.5% | $95.3m | 202,907 | -2% | reduced |
| 24 | BRK/B BERKSHIRE HATHAWAY INC DEL | 1.5% | $93.8m | 206,954 | -2% | reduced | |
| 25 | FITB FIFTH THIRD BANCORP | Financial Services | 1.4% | $91.8m | 2,171,369 | -2% | reduced |
| 26 | MTB M & T BK CORP | Financial Services | 1.4% | $90.6m | 482,120 | -2% | reduced |
| 27 | ULTA ULTA BEAUTY INC | Consumer Cyclical | 1.4% | $89.1m | 204,891 | – | new |
| 28 | SIRI SIRIUSXM HOLDINGS INC | 0.9% | $61.1m | 2,680,495 | – | new | |
| 29 | UHAL U HAUL HOLDING COMPANY | Industrials | 0.5% | $31.0m | 447,967 | -18% | reduced |
| 30 | WFG WEST FRASER TIMBER CO LTD | Basic Materials | 0.2% | $10.6m | 122,321 | 4% | added |
| 31 | FRO FRONTLINE PLC | Energy | 0.1% | $9.5m | 694,444 | 4% | added |
| 32 | OCCIDENTAL PETE CORP | 0.1% | $4.3m | 156,248 | 4% | added | |
| 33 | ISHARES TR | 0.0% | $1.3m | 7,247 | – | new | |
| 34 | VANGUARD INDEX FDS | 0.0% | $800.3k | 4,726 | – | 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.