Equal-WT
WhaleScore 2.0
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SMEAD CAPITAL MANAGEMENT, INC.
PHOENIX AZ
Investment Advisor
Hedge Fund
Smead Capital Management is based out of Phoenix. Smead Capital Management is a hedge fund with 131 clients and discretionary assets under management (AUM) of $7,012,855,464 (Form ADV from 2025-03-12). Their last reported 13F filing for Q1 2025 included $5,833,381,475 in managed 13F securities
and a top 10 holdings concentration of 51.9%. Smead Capital Management's largest holding is Simon Property Group, Inc with shares held of 2,336,798. Whalewisdom has at least 72 13F filings, and 3 13G filings
Business Description
Smead Capital Management, Inc. ("SCM" or the "Firm") is a Securities Exchange Commission ("SEC") registered investment adviser providing investment management services to separate accounts and mutual funds (collectively the "Clients") for advisors, family offices, and institutions. SCM is a Sub-S corporation with William W. Smead being the only shareholder that holds greater than 25% of the Firm’s shares. SCM was established in July of 2007.
SCM provides investment advisory services for securities such as exchange-listed securities, securities traded over-the-counter, certificates of deposit, mutual fund shares, and US government securities.
Investment Strategy
SCM's investment strategy involves assessing how well a candidate meets their eight investment criteria. Five of these criteria are required throughout the entire holding period: meeting an economic need, possessing a strong competitive advantage, demonstrating a long history of profitability and strong operating metrics, generating high levels of free cash flow, and being available at a low price relative to intrinsic value.
Three additional criteria are favored but not required. The document does not specify what these criteria are.
Owners
- SMEAD, WILLIAM, WALLACE - CIO, SHAREHOLDER
- LEMIRE, STEVEN, JOSEPH - CCO, SHAREHOLDER
- SMEAD, COLE, W. - CEO, SHAREHOLDER
- WAY, WILLIAM, GRIFFITH - SHAREHOLDER Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
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Other Contact Information
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2025-03-31
Top Buys (13F)
| Name | % Change |
|---|---|
| MRP Millrose Properties | 0.54% |
| CVE Cenovus Energy Inc | 0.14% |
| MRK Merck & Co Inc | 0.04% |
| TGT Target Corp | -0.19% |
2025-03-31
Top Sells (13F)
| Name | % Change |
|---|---|
| LEN Lennar Corp. Class A | 0.83% |
| MAC Macerich Co. | 0.8% |
| AXP American Express Co | 0.52% |
| NVR NVR Inc | 0.47% |
| DHI D.R. Horton, Inc | 0.44% |
2025-03-31
13F Holdings Summary
| Name | $ Change |
|---|---|
| SPG Simon Property Group | 6.65% |
| AXP American Express Co | 5.67% |
| AMGN Amgen, Inc | 5.59% |
| MAC Macerich Co. | 5.36% |
| MRK Merck & Co Inc | 5.13% |
All or part of SMEAD CAPITAL MANAGEMENT, INC. 13F disclosures were filed
under a combined 13F through
PERSONAL CFO SOLUTIONS, LLC
for 2025-03-31
for 2025-03-31
2025-03-31
13F Activity
| Market Value | $5.83b, Prior: $6.45b |
| Inflows (Outflows) as % of Total MV | (-6.1002)% |
| New Purchases | 1 stocks |
| Added To | 3 stocks |
| Sold out of | 1 stocks |
| Reduced holdings in | 30 stocks |
| Top 10 Holdings % | 51.9% |
| Turnover %[1] | 5.71% |
| Turnover Alt %[2] | 0.94% |
| Time Held Top 20 | 28.05 quarters |
| Time Held Top 10 | 12.3 quarters |
| Time Held All | 24.5 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2025-03-31
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2025-03-31
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2025-03-31