Smead Capital Management, Inc.

Q3 2025 13F-HR Holdings

Location
Phoenix, AZ
Holdings as of
9/30/2025
Date filed
11/10/2025
Form type
13F-HR
Num holdings
34
Total value ($000)
$5,176,427
Net value change ($000)
+181,767 (3.6%)
New positions
1
Sold out positions
0
Turnover %
1.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/9/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 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)
DHI 56,441 22.1%
CROX 52,978 NEW
APA 46,608 23.3%
FANG 43,031 29.7%
CVE 39,232 16.4%
UNH 35,237 44.7%
SPG 27,993 8.4%
LEN 13,584 5.9%
MAC 11,684 4.5%
OXY 7,886 4.6%
Top Reduces (Value $000, Stocks/ETFs)
TGT -30,458 -15.6%
OVV -26,043 -15.7%
DVN -24,516 -32.1%
EBAY -20,645 -9.5%
UHAL -20,326 -13.2%
CACC -16,410 -14.9%
AMGN -15,748 -6.1%
AXP -9,226 -3.3%
MTB -4,046 -5.4%
MRK -3,941 -1.5%
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