Smead Capital Management 13F annual report
Smead Capital Management is an investment fund managing more than $6.4 trillion ran by Steve Lemire. There are currently 30 companies in Mr. Lemire’s portfolio. The largest investments include Occidental Pete Corp and Lennar, together worth $796 billion.
$6.4 trillion Assets Under Management (AUM)
As of 2nd August 2024, Smead Capital Management’s top holding is 6,506,257 shares of Occidental Pete Corp currently worth over $410 billion and making up 6.4% of the portfolio value.
In addition, the fund holds 2,577,009 shares of Lennar worth $386 billion, whose value grew 10.7% in the past six months.
The third-largest holding is Simon Ppty Group Inc New worth $384 billion and the next is Merck & Co Inc worth $366 billion, with 2,958,823 shares owned.
Currently, Smead Capital Management's portfolio is worth at least $6.4 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Smead Capital Management
The Smead Capital Management office and employees reside in Phoenix, Arizona. According to the last 13-F report filed with the SEC, Steve Lemire serves as the Chief Compliance Officer at Smead Capital Management.
Recent trades
In the most recent 13F filing, Smead Capital Management revealed that it had increased its stake in
Occidental Pete Corp and bought 231,321 additional shares worth around .
On the other hand, Steve Lemire disclosed a decreased stake in Merck & Co Inc by approximately 0.1%.
This leaves the value of the investment at $366 billion and 2,958,823 shares.
One of the largest hedge funds
The two most similar investment funds to Smead Capital Management are Eventide Asset Management and Evercore Wealth Management. They manage $6.37 trillion and $6.37 trillion respectively.
Steve Lemire investment strategy
Smead Capital Management’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 18.3% of
the total portfolio value.
The fund focuses on investments in the United States as
66.7% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
53% of the total holdings value.
On the other hand, small-cap stocks make up only 6.7% of the portfolio.
The average market cap of the portfolio companies is close to $86.5 billion.
The complete list of Smead Capital Management trades based on 13F SEC filings
These positions were updated on August 9th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Occidental Pete Corp |
3.69%
6,506,257
|
$410,089,379,000 | 6.41% |
| Lennar Corp. |
5.53%
2,577,009
|
$386,216,339,000 | 6.04% |
| Simon Ppty Group Inc New |
5.54%
2,531,977
|
$384,354,109,000 | 6.01% |
| Merck & Co Inc |
2.89%
2,958,823
|
$366,302,287,000 | 5.72% |
| American Express Co. |
10.58%
1,574,522
|
$364,580,569,000 | 5.70% |
| AMGEN Inc. |
5.54%
1,133,307
|
$354,101,772,000 | 5.53% |
| D.R. Horton Inc. |
5.53%
2,431,838
|
$342,718,929,000 | 5.36% |
| Bank America Corp |
5.54%
7,667,603
|
$304,940,571,000 | 4.77% |
| Macerich Co. |
5.53%
19,744,659
|
$304,857,535,000 | 4.76% |
| Ovintiv Inc |
5.54%
6,090,668
|
$285,469,609,000 | 4.46% |
| JPMorgan Chase & Co. |
6.14%
1,361,980
|
$275,474,075,000 | 4.31% |
| APA Corporation |
20.39%
9,341,410
|
$275,011,110,000 | 4.30% |
| Devon Energy Corp. |
5.53%
5,681,323
|
$269,294,710,000 | 4.21% |
| NVR Inc. |
5.53%
34,995
|
$265,561,657,000 | 4.15% |
| Conocophillips |
5.53%
2,122,839
|
$242,810,325,000 | 3.79% |
| Cenovus Energy Inc |
155.99%
11,064,186
|
$217,483,503,000 | 3.40% |
| EBay Inc. |
5.54%
3,600,052
|
$193,394,793,000 | 3.02% |
| Target Corp |
5.50%
1,202,534
|
$178,023,133,000 | 2.78% |
| Home Depot, Inc. |
5.54%
498,788
|
$171,702,781,000 | 2.68% |
| U-Haul Holding Company |
5.54%
2,874,521
|
$173,464,807,000 | 2.71% |
| Qualcomm, Inc. |
14.81%
664,319
|
$132,319,058,000 | 2.07% |
| Credit Accep Corp Mich |
5.54%
200,816
|
$103,355,979,000 | 1.62% |
| Berkshire Hathaway Inc. |
5.54%
204,821
|
$83,321,183,000 | 1.30% |
| Western Alliance Bancorp |
5.54%
1,304,652
|
$81,958,239,000 | 1.28% |
| Fifth Third Bancorp |
5.54%
2,149,023
|
$78,417,849,000 | 1.23% |
| M & T Bk Corp |
5.54%
477,160
|
$72,222,938,000 | 1.13% |
| Warner Bros.Discovery Inc |
5.53%
6,967,843
|
$51,840,752,000 | 0.81% |
| Frontline Plc |
3.79%
638,050
|
$16,711,701,000 | 0.26% |
| West Fraser Timber Co Ltd |
9.51%
112,365
|
$8,630,256,000 | 0.13% |
| Canada Goose Holdings Inc |
3.79%
309,861
|
$4,006,901,000 | 0.06% |
| No transactions found | |||
| Showing first 500 out of 30 holdings | |||
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