You're signed outSign in or to get full access.
Smead Capital Management, Inc.
Smead Capital Management, Inc. is an SEC-registered investment adviser headquartered in Phoenix, AZ, founded in July 2007 by William W. Smead. The firm manages assets for individual investors, advisors, family offices, and institutional clients globally, providing investment management through mutual funds, separate accounts, and other vehicles. With approximately 19 employees, Smead delivers value-oriented, long-term equity investment strategies backed by a differentiated, low-turnover discipline, aiming to build client wealth by investing in what it considers wonderful companies.
Investment Strategy
Smead Capital Management employs a capital appreciation strategy with a focus on a differentiated, value-driven approach. The firm seeks out high-quality companies with compelling long-term prospects, employing a low-turnover, concentrated portfolio aimed at outperforming the market over time. SCM manages both US and international value funds and also provides advisory services for separate accounts, mutual funds, and other investment structures. Their investment process typically involves fundamental analysis and thematic tilts, targeting undervalued companies that show strong competitive advantages, durable business models, and the potential for substantial wealth creation.
Latest 13F Filing Activity
Smead Capital Management, Inc. filed their most recent 13F report on Jun 30, 2025 disclosing 33 equity positions with a total 13F market value of $5B. The fund increased holdings in Diamondback Energy Inc., Unitedhealth Group Inc., Target Corp. among other positions. Smead Capital Management, Inc. reduced exposure to Devon Energy Corp. New, Occidental Pete Corp., Berkshire Hathaway Inc. Del among others.
Top Holdings
Equity Positions (33)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
S SPG | SIMON PPTY GROUP INC NEW | 6.64% | $331.5M | 2,062,019 | $112.99 | $160.76 | -$56.6M |
A AXP | AMERICAN EXPRESS CO | 5.65% | $282.2M | 884,732 | $130.67 | $318.98 | -$48.3M |
M MAC | MACERICH CO | 5.21% | $260.1M | 16,074,002 | $13.72 | $16.18 | -$52.7M |
M MRK | MERCK & CO INC | 5.18% | $258.6M | 3,267,318 | $81.34 | $79.16 | -$40.7M |
A AMGN | AMGEN INC | 5.16% | $257.7M | 922,968 | $217.00 | $279.21 | -$68.2M |
Industry Allocation
Investment Team (8)
| Name | Role | Location | |
|---|---|---|---|
 | Senior Vice President | London, United States | |
 | Chief Executive Officer and Portfolio Manager | Phoenix, AZ , United States | |
D Devin Remlinger | Vice President | New York, NY , United States | |
 | Senior Vice President | New York, NY , United States | |
 | Analyst | New York, NY , United States | |
N Nicholas Garcia | Research Analyst | Phoenix, AZ , United States | |
 | Assistant Vice President | New York, NY , United States | |
 | Senior Analyst | Phoenix, AZ , United States |
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more