Smead Capital Management, Inc.

Q4 2025 13F-HR Holdings

Location
Phoenix, AZ
Holdings as of
12/31/2025
Date filed
2/9/2026
Form type
13F-HR
Num holdings
32
Total value ($000)
$4,819,072
Net value change ($000)
-357,355 (-6.9%)
New positions
1
Sold out positions
3
Turnover %
4.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/10/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
FITB 79,701 110.0%
MRK 44,059 17.3%
AMGN 20,482 8.5%
WAL 15,274 13.2%
COP 13,639 8.2%
AXP 11,295 4.1%
CVE 5,403 1.9%
GTX 4,257 NEW
TGT 3,347 2.0%
ULTA 2,921 3.5%
Top Reduces (Value $000, Stocks/ETFs)
OVV -139,687 -100.0%
DHI -63,962 -20.5%
LEN -58,301 -23.7%
DVN -51,850 -100.0%
OXY -33,160 -18.5%
NVR -32,156 -15.1%
HD -31,516 -20.6%
SPG -27,890 -7.8%
EBAY -20,637 -10.4%
UHAL -18,906 -14.1%
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.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type