Smead Capital Management, Inc.
Annual return '25
+11.2%
SPY '25
+17.7%
Alpha
-6.5ptsvs SPY
Invested
$4.6B
Holdings
32
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 95%. 4 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$CVE
CENOVUS ENERGY INC
Q1 2026: Exited (was 16.76M shares)
8.6%
02
$APA
APA CORPORATION
Q1 2026: Exited (was 9.50M shares)
7.6%
03
$MRK
MERCK & CO INC
Q1 2026: Sold 98.8% (2.84M → 33.9k shares)
6.5%
04
$SPG
SIMON PPTY GROUP INC NEW
Q1 2026: Exited (was 1.79M shares)
6.3%
05
$AMGN
AMGEN INC
Q1 2026: Sold 98.7% (801.8k → 10.5k shares)
5.3%
06
$MAC
MACERICH CO
Q1 2026: Exited (was 13.96M shares)
5.0%
07
$COP
CONOCOPHILLIPS
Q1 2026: Exited (was 1.92M shares)
4.8%
08
$FANG
DIAMONDBACK ENERGY INC
Q1 2026: Exited (was 1.23M shares)
4.6%
09
$DHI
D R HORTON INC
Q1 2026: Exited (was 1.72M shares)
4.5%
10
$OXY
OCCIDENTAL PETE CORP
Q1 2026: Exited (was 3.55M shares)
4.4%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 09:25 UTC.