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Smead Capital Management, Inc.

13F filer · CIK 1427008 · Phoenix, AZ

Summary
Smead Capital Management, Inc. reported $4.66B across 32 positions in its 13F for 2026 Q2, filed Aug 11, 2026. The largest holdings are CVE (7.1%), SPG (6.7%), MRK (6.4%). Versus 2026 Q1, leaving options aside, it opened 1 new positions, added to 7, trimmed 24 and sold out of 1.
Reported value$4.66B
Positions32
Report period2026 Q2
FiledAug 11, 2026
New positions1
Added7
Trimmed24
Sold out1

Top 25 holdings

By reported value, options listed separately · change vs 2026 Q1

Weight 7.1%Value $331.45MPrice $31.10Shares 13.37M -10.07%Since Jun 30 +25.46%
Weight 6.7%Value $313.05MPrice $204.53Shares 1.40M -10.27%Since Jun 30 -8.55%
Weight 6.4%Value $299.98MPrice $148.69Shares 2.33M -5.54%Since Jun 30 +15.71%
Weight 6.2%Value $289.22MPrice $22.57Shares 11.48M -5.54%Since Jun 30 -10.40%
Weight 5.5%Value $254.33MPrice $42.19Shares 7.81M -5.58%Since Jun 30 +29.54%
Weight 5.1%Value $238.72MPrice $423.64Shares 659K -5.54%Since Jun 30 +16.99%
Weight 4.9%Value $230.35MPrice $139.42Shares 1.41M -5.58%Since Jun 30 -14.40%
Weight 4.1%Value $192.49MPrice $305.40Shares 569K -5.57%Since Jun 30 -9.71%
Weight 4.1%Value $192.47MPrice $6268Shares 28K +31.15%Since Jun 30 -8.01%
Weight 4.0%Value $184.16MPrice $158.43Shares 1.41M -5.54%Since Jun 30 +21.30%
Weight 3.9%Value $182.83MPrice $82.03Shares 2.02M +27.37%Since Jun 30 -9.35%
Weight 3.8%Value $178.80MPrice $51.57Shares 3.17M +12.02%Since Jun 30 -8.52%
Weight 3.8%Value $177.54MPrice $185.23Shares 1.01M -5.55%Since Jun 30 +5.38%
Weight 3.5%Value $164.03MPrice $126.04Shares 1.58M -5.59%Since Jun 30 +21.24%
Weight 3.2%Value $148.54MPrice $54.96Shares 2.61M -5.54%Since Jun 30 -3.55%
Weight 3.0%Value $140.37MPrice $56.10Shares 2.89M -6.64%Since Jun 30 +15.50%
Weight 2.9%Value $136.50MPrice $377.83Shares 328K -5.38%Since Jun 30 -9.09%
Weight 2.8%Value $131.08MPrice $76.55Shares 1.59M +17.64%Since Jun 30 -6.87%
Weight 2.8%Value $128.61MPrice $336.59Shares 393K -5.57%Since Jun 30 +2.83%
Weight 2.7%Value $126.59MPrice $537.10Shares 199K -5.54%Since Jun 30 -15.65%
Weight 2.5%Value $117.20MPrice $53.30Shares 2.03M -5.37%Since Jun 30 -7.63%
Weight 2.2%Value $102.33MPrice $289.89Shares 290K -5.59%Since Jun 30 -17.80%
Weight 2.0%Value $91.18MPrice $107.32Shares 816K -53.94%Since Jun 30 -3.96%
Weight 1.9%Value $88.62MPrice $71.43Shares 1.23MSince Jun 30 -0.60%
Weight 1.4%Value $66.07MPrice $220.44Shares 278K -5.54%Since Jun 30 -7.38%

Weight is the share of the reported 13F value, including options at notional value. “Since Jun 30” compares the latest close with the quarter-end price implied by the filing (value ÷ shares).

Largest buys in 2026 Q2

ZTSZTSZOETIS INC≈ $88.62MNew
NVRNVRNVR INC≈ $45.72MAdd
LENLENLENNAR CORP≈ $39.29MAdd

Largest sells in 2026 Q2

EBAYEBAYEBAY INC.≈ $86.98MTrim
QCOMQCOMQUALCOMM INC≈ $70.29MSold
CVECVECENOVUS ENERGY INC≈ $39.73MTrim
APAAPAAPA CORPORATION≈ $19.58MTrim

Source: SEC Form 13F, values as reported by the filer. Filings lag up to 45 days after quarter end and cover only certain long positions. Research only, not investment advice.

Original filing All 13F filings on EDGAR