Smead Capital Management, Inc.

Q2 2025 13F-HR Holdings

Location
Phoenix, AZ
Holdings as of
6/30/2025
Date filed
8/14/2025
Form type
13F-HR
Num holdings
33
Total value ($000)
$4,994,660
Net value change ($000)
-838,721 (-14.4%)
New positions
3
Sold out positions
4
Turnover %
8.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 5/14/2025 Next filing: 11/10/2025 SEC filing

Snapshot: Change Analysis

Compared to Q1 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
FANG 144,775 NEW
UNH 78,753 NEW
TGT 23,675 13.8%
CVE 23,581 10.9%
QCOM 20,757 22.0%
WAL 19,411 21.0%
CACC 14,733 15.4%
UHAL 12,442 8.8%
ULTA 8,660 12.6%
VTV 270 NEW
Top Reduces (Value $000, Stocks/ETFs)
DVN -137,050 -64.2%
OXY -122,046 -41.6%
BRK-B -100,692 -100.0%
OVV -93,193 -36.0%
AMGN -68,184 -20.9%
BAC -63,550 -26.9%
APA -60,634 -23.3%
SPG -56,605 -14.6%
COP -55,298 -24.6%
SIRI -55,256 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type