Smead Value Fund

Smead Value Fund | SMVLX

Mutual Fund
Smead Value Fund
Last update 2024-10-22 27 Stocks (0 new)
Value $6.01 Bil Turnover 3 %
Countries:
Top Holdings: LEN(6.98%)DHI(6.83%)SPG(6.31%)AXP(6.06%)AMGN(5.63%)
Portfolio Report

Smead Value Fund Profile

Smead Capital Management is the adviser to the Smead Value Fund. Smead Capital Management’s investors are individuals, advisors, family offices and institutions globally who invest with the firm through the Smead Funds, separate accounts and other investment vehicles. The Fund invests in U.S. large capitalization companies and offers an Investor Share Class (SMVLX), A Share Class (SVFAX), C Share Class (SVFCX), I1 Share Class (SVFFX), R1 Share Class (SVFDX), R2 Share Class (SVFKX) and Y Share Class (SVFYX). The Fund is managed by Lead Portfolio Manager Bill Smead and Co-Portfolio Manager Cole Smead, CFA.

Smead Value Fund Investing Philosophy

The Fund seeks long-term capital appreciation through concentrated positions, with approximately 25-30 companies in its portfolio. Smead looks for eight criteria: meets an economic need, strong competitive advantage (wide moats or barriers to entry), long history of profitability and strong operating metrics, generates high levels of free cash flow, available at a low price in relation to intrinsic value, management’s history of shareholder friendliness, strong balance sheet, and strong insider ownership (Preferably with recent purchases).
Summary Stock Picks Current Portfolio

Smead Value Fund Portfolio and Latest Trades

Type:
Ticker
Company
Date
Action
Impact %
Price Range
Price
Price Change from Avrg%
Comment
Current Shares
Share Change
CLR Continental Resources Inc2022-11-30Sold Out
-11.74%
●
62.65 ($71.13) 74.27
$74.27
4.41%
Sold Out
0
-6,175,812
OVV 		Ovintiv Inc2022-11-30New Buy
+4.58%
●
40.16 ($51.62) 58.48
$45.49
-11.88%
New holding
3,347,734
3,347,734
TSX:CVE 		Cenovus Energy Inc2024-05-31New Buy
+3.21%
●
23.7 (C$27.44) 29.81
C$22.04
-19.68%
New holding
8,902,595
8,902,595
CVX 		Chevron Corp2023-05-31Sold Out
-2.72%
●
150.62 ($161.35) 172.44
$162.11
0.47%
Sold Out
0
-744,401
UHAL.B 		U-Haul Holding Co2022-11-30New Buy
+2.59%
●
52.06 ($58.1) 63.17
$63.33
9.00%
New holding
1,667,201
1,667,201
DVN 		Devon Energy Corp2023-05-31New Buy
+2.54%
●
45.12 ($50.6) 56.49
$37.84
-25.22%
New holding
2,261,114
2,261,114
APA 		APA Corp2023-02-28New Buy
+2.03%
●
37.86 ($43.57) 47.64
$22.52
-48.31%
New holding
2,330,631
2,330,631
WBD 		Warner Bros. Discovery Inc2023-02-28Add
+1.80%
●
8.87 ($12.62) 15.94
$10.38
-17.75%
Add 87.41%
10,898,677
5,083,146
UHAL 		U-Haul Holding Co2022-11-30Reduce
-1.64%
●
49.87 ($54.15) 63.3
$71.45
31.95%
Reduce -69.17%
510,581
-1,145,639
NVR 		NVR Inc2023-05-31Reduce
-1.37%
●
5235.47 ($5625.95) 5967.22
$9,193.62
63.41%
Reduce -24.57%
35,884
-11,691
OXY 		Occidental Petroleum Corp2022-11-30Add
+1.36%
●
57.88 ($68.16) 75.97
$50.32
-26.17%
Add 16.29%
5,670,251
794,346
DVN 		Devon Energy Corp2024-05-31Add
+1.27%
●
44.37 ($49.99) 54.51
$37.84
-24.30%
Add 43.45%
4,944,009
1,497,606
MAC 		Macerich Co2022-11-30Add
+1.26%
●
7.73 ($10.23) 13.34
$21.15
106.74%
Add 29.25%
17,789,366
4,025,505
APA 		APA Corp2023-05-31Add
+1.25%
●
31.63 ($35.5) 40.78
$22.52
-36.56%
Add 68.96%
3,937,840
1,607,209
OXY 		Occidental Petroleum Corp2023-11-30Reduce
-1.24%
●
59.15 ($63.04) 67.3
$50.32
-20.18%
Reduce -14.99%
5,209,637
-918,825
APA 		APA Corp2024-05-31Add
+1.22%
●
29.17 ($32) 35.74
$22.52
-29.63%
Add 39.55%
8,131,322
2,304,653
WAL 		Western Alliance Bancorp2023-11-30New Buy
+1.21%
●
40.1 ($46.12) 51.39
$93.50
102.73%
New holding
1,049,360
1,049,360
COP 		ConocoPhillips2022-11-30Add
+1.20%
●
98.76 ($119.24) 134.94
$107.39
-9.94%
Add 25.01%
1,980,371
396,245
COP 		ConocoPhillips2023-11-30Reduce
-1.16%
●
111.99 ($119.31) 126.59
$107.39
-9.99%
Reduce -20.98%
1,707,805
-453,520
FITB 		Fifth Third Bancorp2023-11-30New Buy
+1.13%
●
22.89 ($25.67) 28.95
$48.16
87.61%
New holding
1,729,502
1,729,502
SPG 		Simon Property Group Inc2022-11-30Add
+1.12%
●
87.36 ($104.3) 120.7
$183.75
76.17%
Add 23.56%
2,004,830
382,234
MTB 		M&T Bank Corp2023-11-30New Buy
+1.11%
●
108.94 ($122.3) 129.61
$220.80
80.54%
New holding
383,863
383,863
CMCSA 		Comcast Corp2022-11-30Sold Out
-1.04%
●
28.68 ($32.56) 36.9
$42.56
30.71%
Sold Out
0
-1,053,550
WBD 		Warner Bros.Discovery Inc2022-11-30Reduce
-1.03%
●
9.84 ($12.08) 13.57
$10.38
-14.07%
Reduce -32.98%
5,815,531
-2,862,371
PFE 		Pfizer Inc2023-11-30Sold Out
-0.99%
●
28.98 ($32.02) 35.78
$25.83
-19.33%
Sold Out
0
-1,292,486
OGN 		Organon & Co2022-11-30Sold Out
-0.89%
●
23.31 ($25.59) 29.83
$15.98
-37.55%
Sold Out
0
-1,151,859
BAC 		Bank of America Corp2023-02-28Add
+0.86%
●
31.7 ($34.33) 37.85
$47.77
39.15%
Add 25.03%
5,497,339
1,100,664
WBD 		Warner Bros. Discovery Inc2024-08-31Sold Out
-0.86%
●
6.71 ($7.73) 8.78
$10.38
34.28%
Sold Out
0
-6,063,706
AXP 		American Express Co2024-08-31Reduce
-0.86%
●
222.19 ($239.79) 259.84
$304.25
26.88%
Reduce -12.84%
1,409,938
-207,798
OVV 		Ovintiv Inc2023-02-28Add
+0.77%
●
42.77 ($48.99) 55.76
$45.49
-7.14%
Add 23.7%
4,141,145
793,411
LEN 		Lennar Corp2023-11-30Reduce
-0.76%
●
103.07 ($115.64) 128.3
$174.10
50.55%
Reduce -10.97%
2,402,370
-296,138
NVR 		NVR Inc2024-05-31Reduce
-0.76%
●
7335.26 ($7699.2) 8099.96
$9,193.62
19.41%
Reduce -14.52%
30,452
-5,171
DHI 		D.R. Horton Inc2023-11-30Reduce
-0.75%
●
100.66 ($113.29) 128.9
$169.43
49.55%
Reduce -11.26%
2,305,579
-292,481
APA 		APA Corp2024-02-29Add
+0.68%
●
29.62 ($32.81) 37.29
$22.52
-31.36%
Add 25.45%
5,826,669
1,181,875
DHI 		D.R. Horton Inc2024-05-31Reduce
-0.67%
●
141.38 ($151.01) 164.55
$169.43
12.20%
Reduce -9.92%
2,116,301
-233,064
AMGN 		Amgen Inc2023-11-30Reduce
-0.65%
●
249.01 ($267.71) 286.88
$280.07
4.62%
Reduce -11.36%
912,041
-116,917
DVN 		Devon Energy Corp2023-11-30Add
+0.62%
●
42.85 ($47.42) 53.5
$37.84
-20.20%
Add 22.18%
3,383,280
614,228
LEN 		Lennar Corp2024-05-31Reduce
-0.62%
●
150.19 ($160.1) 171.98
$174.10
8.74%
Reduce -8.36%
2,242,540
-204,624
WBD 		Warner Bros. Discovery Inc2023-11-30Reduce
-0.58%
●
9.4 ($10.76) 13.14
$10.38
-3.53%
Reduce -18.75%
8,882,138
-2,050,360
OXY 		Occidental Petroleum Corp2023-02-28Add
+0.58%
●
58.42 ($63.69) 69.49
$50.32
-20.99%
Add 7.7%
6,106,809
436,558
DHI 		D.R. Horton Inc2022-11-30Add
+0.57%
●
67.14 ($74.44) 86
$169.43
127.61%
Add 12.44%
2,419,933
267,729
DVN 		Devon Energy Corp2023-08-31Add
+0.56%
●
46.78 ($49.95) 54
$37.84
-24.24%
Add 22.46%
2,769,052
507,938
TSX:CVE 		Cenovus Energy Inc2024-08-31Add
+0.56%
●
24.66 (C$26.38) 28.24
C$22.04
-16.45%
Add 20.35%
10,714,559
1,811,964
LEN 		Lennar Corp2022-11-30Add
+0.56%
●
71.38 ($79.19) 88.4
$174.10
119.85%
Add 11.73%
2,490,653
261,432
APA 		APA Corp2023-11-30Add
+0.54%
●
35.85 ($40.09) 45.32
$22.52
-43.83%
Add 16.75%
4,644,794
666,501
TGT 		Target Corp2023-11-30Reduce
-0.53%
●
105.01 ($116.24) 133.81
$130.09
11.92%
Reduce -16.91%
961,328
-195,618
OVV 		Ovintiv Inc2023-05-31Add
+0.51%
●
32.08 ($36.13) 44.01
$45.49
25.91%
Add 15.36%
4,777,374
636,229
WBD 		Warner Bros. Discovery Inc2024-05-31Reduce
-0.50%
●
7.36 ($8.3) 9.07
$10.38
25.06%
Reduce -32.98%
6,063,706
-2,983,888
AXP 		American Express Co2023-11-30Reduce
-0.46%
●
141.31 ($154.16) 170.77
$304.25
97.36%
Reduce -8.23%
1,495,307
-134,032
LEN 		Lennar Corp2023-02-28Add
+0.45%
●
85.9 ($95.6) 108.08
$174.10
82.11%
Add 8.14%
2,693,420
202,767
MRK 		Merck & Co Inc2023-02-28Add
+0.45%
●
102.94 ($109.31) 114.84
$103.12
-5.66%
Add 7.36%
2,699,562
185,050
BAC 		Bank of America Corp2023-11-30Add
+0.44%
●
25.17 ($27.83) 30.49
$47.77
71.65%
Add 11.73%
6,167,320
647,255
SPG 		Simon Property Group Inc2023-02-28Add
+0.44%
●
115.06 ($121.62) 131.79
$183.75
51.09%
Add 7.89%
2,162,920
158,090
AXP 		American Express Co2023-02-28Add
+0.43%
●
144.01 ($160.45) 181.33
$304.25
89.62%
Add 7.21%
1,622,586
109,129
QCOM 		Qualcomm Inc2024-08-31Reduce
-0.43%
●
156.12 ($189.6) 227.09
$156.40
-17.51%
Reduce -16.98%
594,879
-121,682
JPM 		JPMorgan Chase & Co2024-08-31Reduce
-0.40%
●
191.53 ($206.52) 224.8
$249.79
20.95%
Reduce -8.53%
1,219,613
-113,803
COP 		ConocoPhillips2023-02-28Add
+0.40%
●
103.35 ($114.88) 124.65
$107.39
-6.52%
Add 8.51%
2,148,882
168,511
AXP 		American Express Co2024-05-31Add
+0.39%
●
217.2 ($229.43) 243.08
$304.25
32.61%
Add 6.19%
1,617,736
94,304
DHI 		D.R. Horton Inc2023-02-28Add
+0.38%
●
83.91 ($92.52) 102.94
$169.43
83.13%
Add 7.39%
2,598,726
178,793
NVR 		NVR Inc2023-02-28Add
+0.38%
●
4557.92 ($4906.67) 5405.67
$9,193.62
87.37%
Add 7.33%
47,575
3,248
OXY 		Occidental Petroleum Corp2024-05-31Add
+0.36%
●
60.58 ($64.6) 69.26
$50.32
-22.11%
Add 6.19%
5,636,256
328,558
MRK 		Merck & Co Inc2022-11-30Add
+0.35%
●
84.53 ($94.19) 110.12
$103.12
9.48%
Add 5.39%
2,514,512
128,596
AMGN 		Amgen Inc2022-11-30Add
+0.35%
●
224.46 ($254.73) 292.39
$280.07
9.95%
Add 5.39%
963,705
49,297
MRK 		Merck & Co Inc2024-05-31Add
+0.35%
●
120.51 ($127.07) 131.95
$103.12
-18.85%
Add 6.19%
2,799,101
163,170
AMGN 		Amgen Inc2023-02-28Add
+0.34%
●
231.66 ($260.08) 286.4
$280.07
7.69%
Add 6.72%
1,028,454
64,749
SPG 		Simon Property Group Inc2024-05-31Add
+0.34%
●
140.18 ($147.86) 156.49
$183.75
24.27%
Add 6.19%
2,204,147
128,488
MRK 		Merck & Co Inc2024-08-31Reduce
-0.32%
●
111.15 ($123.02) 132.96
$103.12
-16.18%
Reduce -5.34%
2,649,538
-149,563
MAC 		Macerich Co2024-05-31Reduce
-0.32%
●
13.46 ($15.78) 17.24
$21.15
34.03%
Reduce -5.53%
17,181,913
-1,006,189
SPG 		Simon Property Group Inc2023-11-30Reduce
-0.32%
●
103.37 ($112.76) 124.89
$183.75
62.96%
Reduce -6.04%
2,037,652
-130,946
JPM 		JPMorgan Chase & Co2023-02-28Add
+0.30%
●
129.29 ($137.17) 143.8
$249.79
82.10%
Add 7.86%
1,271,913
92,717
AMGN 		Amgen Inc2024-05-31Add
+0.30%
●
262.75 ($284.4) 319.04
$280.07
-1.52%
Add 6.19%
986,593
57,512
AXP 		American Express Co2022-11-30Add
+0.30%
●
134.91 ($147.56) 162.45
$304.25
106.19%
Add 5.39%
1,513,457
77,445
TGT 		Target Corp2023-02-28Add
+0.29%
●
141.35 ($160.9) 181.02
$130.09
-19.15%
Add 7.14%
1,154,577
76,929
OVV 		Ovintiv Inc2024-05-31Add
+0.28%
●
48.28 ($51.4) 55.56
$45.49
-11.50%
Add 6.19%
5,301,173
309,025
MAC 		Macerich Co2023-02-28Add
+0.27%
●
11.05 ($12.46) 14.22
$21.15
69.74%
Add 5.65%
18,794,274
1,004,908
BAC 		Bank of America Corp2024-05-31Add
+0.27%
●
34.68 ($37.33) 39.99
$47.77
27.97%
Add 6.19%
6,675,124
389,117
JPM 		JPMorgan Chase & Co2024-05-31Add
+0.27%
●
180.08 ($194.02) 204.79
$249.79
28.74%
Add 6.19%
1,333,416
77,730
MRK 		Merck & Co Inc2023-11-30Reduce
-0.26%
●
100.18 ($104.19) 109.84
$103.12
-1.03%
Reduce -4.08%
2,587,643
-109,944
NVR 		NVR Inc2022-11-30Add
+0.26%
●
3917.75 ($4191.66) 4639.01
$9,193.62
119.33%
Add 5.39%
44,327
2,266
TGT 		Target Corp2022-11-30Add
+0.23%
●
145.69 ($160.64) 178.98
$130.09
-19.02%
Add 5.39%
1,077,648
55,137
EBAY 		eBay Inc2023-02-28Add
+0.22%
●
39.92 ($45.58) 51.66
$64.31
41.09%
Add 7.61%
2,993,967
211,647
COP 		ConocoPhillips2024-05-31Add
+0.22%
●
111.22 ($123.51) 133.52
$107.39
-13.05%
Add 6.19%
1,847,365
107,690
BAC 		Bank of America Corp2022-11-30Add
+0.21%
●
29.77 ($34.47) 38.41
$47.77
38.58%
Add 5.39%
4,396,675
224,837
JPM 		JPMorgan Chase & Co2022-11-30Add
+0.20%
●
101.96 ($120.31) 138.18
$249.79
107.62%
Add 5.39%
1,179,196
60,331
CVX 		Chevron Corp2023-02-28Add
+0.20%
●
160.35 ($173.46) 187.79
$162.11
-6.54%
Add 8.04%
744,401
55,410
HD 		The Home Depot Inc2023-02-28Add
+0.19%
●
295.5 ($319.08) 339.79
$427.19
33.88%
Add 7.28%
415,454
28,207
DHI 		D.R. Horton Inc2024-08-31Add
+0.19%
●
135.21 ($161.2) 191.79
$169.43
5.11%
Add 2.87%
2,177,083
60,782
LEN 		Lennar Corp2024-08-31Add
+0.19%
●
142.5 ($163.83) 185.02
$174.10
6.27%
Add 2.87%
2,306,948
64,408
NVR 		NVR Inc2023-11-30Reduce
-0.18%
●
5377.29 ($5986.85) 6509.35
$9,193.62
53.56%
Reduce -3.53%
34,971
-1,281
SPG 		Simon Property Group Inc2024-08-31Add
+0.18%
●
146.09 ($153.57) 168.05
$183.75
19.65%
Add 2.87%
2,267,452
63,305
UHAL.B 		U-Haul Holding Co2023-02-28Add
+0.18%
●
52.6 ($58.78) 66.74
$63.33
7.74%
Add 8.54%
1,809,594
142,393
MAC 		Macerich Co2023-11-30Reduce
-0.17%
●
9.71 ($11) 12.23
$21.15
92.27%
Reduce -3.53%
18,161,584
-665,245
EBAY 		eBay Inc2024-05-31Add
+0.17%
●
48.91 ($51.48) 54.41
$64.31
24.92%
Add 6.19%
3,134,515
182,723
TGT 		Target Corp2024-05-31Add
+0.16%
●
143.27 ($164.04) 177.82
$130.09
-20.70%
Add 6.19%
1,039,881
60,619
EBAY 		eBay Inc2022-11-30Add
+0.16%
●
36.81 ($41.1) 47.02
$64.31
56.47%
Add 5.39%
2,782,320
142,241
HD 		The Home Depot Inc2022-11-30Add
+0.16%
●
266.58 ($291.08) 326.38
$427.19
46.76%
Add 5.39%
387,247
19,806
AMGN 		Amgen Inc2024-08-31Add
+0.16%
●
298.5 ($320.7) 335.97
$280.07
-12.67%
Add 2.87%
1,014,929
28,336
HD 		The Home Depot Inc2024-05-31Add
+0.15%
●
325.1 ($352.75) 395.2
$427.19
21.10%
Add 6.19%
434,280
25,316
UHAL.B 		U-Haul Holding Co2024-05-31Add
+0.15%
●
59.57 ($64.13) 66.97
$63.33
-1.25%
Add 7.64%
2,018,007
143,180
QCOM 		Qualcomm Inc2024-05-31Add
+0.15%
●
157.63 ($176.62) 213.08
$156.40
-11.45%
Add 6.19%
716,561
41,771
100/Page
Total 212
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