Smead Value Fund

Smead Value Fund | SMVLX

Mutual Fund
Smead Value Fund
Last update 2025-04-28 30 Stocks (1 new)
Value $5.34 Bil Turnover 1 %
Countries:

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).

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
MRP
Millrose Properties Inc
2025-02-28
New Buy
New Buy
+0.46%
21.79 ($23.07) 26.74
$31.22
35.33%
New holding
1,081,478
1,081,478
SPG
Simon Property Group Inc
2025-02-28
Reduce
Reduce
-0.36%
169.26 ($177.83) 186.71
$165.57
-6.89%
Reduce -5.25%
2,125,925
-117,876
LEN
Lennar Corp
2025-02-28
Reduce
Reduce
-0.35%
119.63 ($131.81) 161.42
$118.53
-10.08%
Reduce -5.25%
2,162,956
-119,929
DHI
D.R. Horton Inc
2025-02-28
Reduce
Reduce
-0.32%
125.98 ($141.71) 168.78
$153.50
8.32%
Reduce -5.25%
2,041,197
-113,178
MAC
Macerich Co
2025-02-28
Reduce
Reduce
-0.32%
18.04 ($20.43) 22.11
$17.43
-14.68%
Reduce -5.25%
16,572,157
-918,872
AXP
American Express Co
2025-02-28
Reduce
Reduce
-0.31%
287.78 ($305.74) 325.87
$304.14
-0.52%
Reduce -5.25%
1,117,459
-61,959
NVR
NVR Inc
2025-02-28
Reduce
Reduce
-0.25%
7062.02 ($8078.9) 9235.58
$7,909.52
-2.10%
Reduce -5.25%
29,372
-1,628
OXY
Occidental Petroleum Corp
2025-02-28
Reduce
Reduce
-0.25%
45.36 ($49.06) 52.7
$43.56
-11.21%
Reduce -5.25%
5,341,128
-296,148
AMGN
Amgen Inc
2025-02-28
Reduce
Reduce
-0.25%
258.59 ($279.39) 315.63
$305.69
9.41%
Reduce -5.25%
951,581
-52,762
MRK
Merck & Co Inc
2025-02-28
Add
Add
+0.24%
83.01 ($96.19) 103.79
$81.61
-15.16%
Add 4.81%
3,034,166
139,193
APA
APA Corp
2025-02-28
Reduce
Reduce
-0.22%
20.42 ($22.69) 25.45
$18.74
-17.41%
Reduce -5.25%
10,562,016
-585,629
BAC
Bank of America Corp
2025-02-28
Reduce
Reduce
-0.22%
43.38 ($45.79) 47.74
$47.77
4.32%
Reduce -5.25%
5,149,799
-285,539
OVV
Ovintiv Inc
2025-02-28
Reduce
Reduce
-0.21%
37.74 ($42.62) 45.91
$39.25
-7.91%
Reduce -5.25%
5,113,043
-283,502
JPM
JPMorgan Chase & Co
2025-02-28
Reduce
Reduce
-0.21%
230.37 ($254.67) 279.95
$291.43
14.43%
Reduce -5.25%
898,066
-49,795
COP
ConocoPhillips
2025-02-28
Reduce
Reduce
-0.18%
95.12 ($100.59) 108.34
$92.98
-7.57%
Reduce -5.25%
1,781,805
-98,796
EBAY
eBay Inc
2025-02-28
Reduce
Reduce
-0.17%
61.61 ($65.57) 70.93
$81.76
24.69%
Reduce -5.25%
3,023,276
-167,631
TSX:CVE
Cenovus Energy Inc
2025-02-28
Reduce
Reduce
-0.17%
19.83 (C$21.44) 22.4
C$19.46
-9.24%
Reduce -5.25%
11,795,110
-654,000
DVN
Devon Energy Corp
2025-02-28
Reduce
Reduce
-0.17%
30.52 ($34.85) 38.55
$32.81
-5.85%
Reduce -5.25%
4,768,554
-264,401
HD
The Home Depot Inc
2025-02-28
Reduce
Reduce
-0.16%
382.42 ($405.64) 431.37
$371.01
-8.54%
Reduce -5.25%
418,868
-23,225
TGT
Target Corp
2025-02-28
Reduce
Reduce
-0.15%
122.5 ($133.43) 142.5
$106.54
-20.15%
Reduce -5.25%
1,239,282
-68,714
UHAL
U-Haul Holding Co
2025-02-28
Reduce
Reduce
-0.14%
66.9 ($71.33) 74.85
$63.85
-10.49%
Reduce -28.03%
317,880
-123,783
WAL
Western Alliance Bancorp
2025-02-28
Reduce
Reduce
-0.09%
78.4 ($87.78) 94
$82.05
-6.53%
Reduce -5.25%
1,095,473
-60,741
BRK.B
Berkshire Hathaway Inc
2025-02-28
Reduce
Reduce
-0.08%
442.66 ($467.18) 513.83
$478.13
2.34%
Reduce -5.25%
172,002
-9,537
CACC
Credit Acceptance Corp
2025-02-28
Reduce
Reduce
-0.08%
440.44 ($490.42) 525.64
$519.04
5.84%
Reduce -5.25%
168,637
-9,351
FITB
Fifth Third Bancorp
2025-02-28
Reduce
Reduce
-0.08%
41.12 ($44.06) 48.06
$42.64
-3.22%
Reduce -5.25%
1,804,481
-100,053
MTB
M&T Bank Corp
2025-02-28
Reduce
Reduce
-0.08%
185.42 ($197.43) 219.99
$196.78
-0.33%
Reduce -5.25%
400,653
-22,215
QCOM
Qualcomm Inc
2025-02-28
Reduce
Reduce
-0.08%
150.4 ($163.47) 175.86
$157.99
-3.35%
Reduce -5.25%
557,748
-30,926
ULTA
Ulta Beauty Inc
2025-02-28
Reduce
Reduce
-0.06%
359.96 ($405.27) 446.21
$502.74
24.05%
Reduce -5.25%
170,277
-9,442
SIRI
Sirius XM Holdings Inc
2025-02-28
Reduce
Reduce
-0.06%
20.58 ($24.02) 28.74
$23.91
-0.46%
Reduce -5.25%
2,232,308
-123,774
ULTA
Ulta Beauty Inc
2024-11-30
New Buy
New Buy
+1.15%
338.38 ($375.46) 406.11
$502.74
33.90%
New holding
179,719
179,719
SIRI
Sirius XM Holdings Inc
2024-11-30
New Buy
New Buy
+1.05%
22.66 ($25.9) 31.2
$23.91
-7.68%
New holding
2,356,082
2,356,082
APA
APA Corp
2024-11-30
Add
Add
+1.04%
21.77 ($24.31) 27.07
$18.74
-22.91%
Add 33.27%
11,147,645
2,782,783
JPM
JPMorgan Chase & Co
2024-11-30
Reduce
Reduce
-1.02%
204.32 ($223.26) 250.29
$291.43
30.53%
Reduce -22.28%
947,861
-271,752
AXP
American Express Co
2024-11-30
Reduce
Reduce
-0.99%
244.06 ($274.44) 305.57
$304.14
10.82%
Reduce -16.35%
1,179,418
-230,520
BAC
Bank of America Corp
2024-11-30
Reduce
Reduce
-0.97%
38.65 ($42.18) 47.77
$47.77
13.25%
Reduce -20.85%
5,435,338
-1,431,503
TGT
Target Corp
2024-11-30
Add
Add
+0.52%
121.59 ($149.77) 160.69
$106.54
-28.86%
Add 22.27%
1,307,996
238,249
TSX:CVE
Cenovus Energy Inc
2024-11-30
Add
Add
+0.45%
21.78 (C$22.96) 25
C$19.46
-15.24%
Add 16.19%
12,449,110
1,734,551
MRK
Merck & Co Inc
2024-11-30
Add
Add
+0.41%
96.31 ($108.06) 118.64
$81.61
-24.48%
Add 9.26%
2,894,973
245,435
SPG
Simon Property Group Inc
2024-11-30
Reduce
Reduce
-0.07%
161.93 ($171.95) 183.75
$165.57
-3.71%
Reduce -1.04%
2,243,801
-23,651
DHI
D.R. Horton Inc
2024-11-30
Reduce
Reduce
-0.07%
161.13 ($180.16) 197.06
$153.50
-14.80%
Reduce -1.04%
2,154,375
-22,708
LEN
Lennar Corp
2024-11-30
Reduce
Reduce
-0.07%
166.18 ($178.15) 192.45
$118.53
-33.47%
Reduce -1.04%
2,282,885
-24,063
AMGN
Amgen Inc
2024-11-30
Reduce
Reduce
-0.06%
278.76 ($316.13) 337.38
$305.69
-3.30%
Reduce -1.04%
1,004,343
-10,586
OXY
Occidental Petroleum Corp
2024-11-30
Reduce
Reduce
-0.06%
49.57 ($51.79) 55.91
$43.56
-15.89%
Reduce -1.04%
5,637,276
-59,421
MAC
Macerich Co
2024-11-30
Reduce
Reduce
-0.05%
15.17 ($18.15) 21.21
$17.43
-3.97%
Reduce -1.04%
17,491,029
-184,367
NVR
NVR Inc
2024-11-30
Reduce
Reduce
-0.05%
8865.63 ($9367.14) 9924.4
$7,909.52
-15.56%
Reduce -1.04%
31,000
-327
UHAL
U-Haul Holding Co
2024-11-30
Reduce
Reduce
-0.05%
67.56 ($73.03) 78.4
$63.85
-12.57%
Reduce -8.89%
441,663
-43,095
DVN
Devon Energy Corp
2024-11-30
Reduce
Reduce
-0.04%
37.71 ($39.97) 43.02
$32.81
-17.91%
Reduce -1.04%
5,032,955
-53,051
COP
ConocoPhillips
2024-11-30
Reduce
Reduce
-0.04%
102.31 ($108.33) 114.72
$92.98
-14.17%
Reduce -1.04%
1,880,601
-19,822
OVV
Ovintiv Inc
2024-11-30
Reduce
Reduce
-0.04%
37 ($41.42) 46.71
$39.25
-5.24%
Reduce -1.04%
5,396,545
-56,883
EBAY
eBay Inc
2024-11-30
Reduce
Reduce
-0.03%
57.51 ($63.15) 67.17
$81.76
29.47%
Reduce -1.04%
3,190,907
-33,634
HD
The Home Depot Inc
2024-11-30
Reduce
Reduce
-0.03%
360.05 ($399.79) 429.52
$371.01
-7.20%
Reduce -1.04%
442,093
-4,660
WAL
Western Alliance Bancorp
2024-11-30
Reduce
Reduce
-0.02%
78.55 ($86.29) 96.1
$82.05
-4.91%
Reduce -1.04%
1,156,214
-12,187
UHAL.B
U-Haul Holding Co
2024-11-30
Add
Add
+0.02%
60.25 ($67.08) 73.21
$56.65
-15.55%
Add 0.78%
2,106,129
16,240
BRK.B
Berkshire Hathaway Inc
2024-11-30
Reduce
Reduce
-0.02%
442.29 ($461.26) 483.08
$478.13
3.66%
Reduce -1.04%
181,539
-1,914
QCOM
Qualcomm Inc
2024-11-30
Reduce
Reduce
-0.02%
154.27 ($166.57) 178.04
$157.99
-5.15%
Reduce -1.04%
588,674
-6,205
CACC
Credit Acceptance Corp
2024-11-30
Reduce
Reduce
-0.01%
417.33 ($452.28) 497.7
$519.04
14.76%
Reduce -1.04%
177,988
-1,876
FITB
Fifth Third Bancorp
2024-11-30
Reduce
Reduce
-0.01%
40.69 ($44.05) 48.44
$42.64
-3.20%
Reduce -1.04%
1,904,534
-20,075
MTB
M&T Bank Corp
2024-11-30
Reduce
Reduce
-0.01%
165.68 ($190.39) 221.95
$196.78
3.36%
Reduce -1.04%
422,868
-4,458
AXP
American Express Co
2024-08-31
Reduce
Reduce
-0.86%
222.19 ($239.79) 259.84
$304.14
26.84%
Reduce -12.84%
1,409,938
-207,798
WBD
Warner Bros. Discovery Inc
2024-08-31
Sold Out
Sold Out
-0.86%
6.71 ($7.73) 8.78
$12.85
66.24%
Sold Out
0
-6,063,706
TSX:CVE
Cenovus Energy Inc
2024-08-31
Add
Add
+0.56%
24.66 (C$26.38) 28.24
C$19.46
-26.23%
Add 20.35%
10,714,559
1,811,964
QCOM
Qualcomm Inc
2024-08-31
Reduce
Reduce
-0.43%
156.12 ($189.6) 227.09
$157.99
-16.67%
Reduce -16.98%
594,879
-121,682
JPM
JPMorgan Chase & Co
2024-08-31
Reduce
Reduce
-0.40%
191.53 ($206.52) 224.8
$291.43
41.11%
Reduce -8.53%
1,219,613
-113,803
MRK
Merck & Co Inc
2024-08-31
Reduce
Reduce
-0.32%
111.15 ($123.02) 132.96
$81.61
-33.66%
Reduce -5.34%
2,649,538
-149,563
DHI
D.R. Horton Inc
2024-08-31
Add
Add
+0.19%
135.21 ($161.2) 191.79
$153.50
-4.78%
Add 2.87%
2,177,083
60,782
LEN
Lennar Corp
2024-08-31
Add
Add
+0.19%
142.5 ($163.83) 185.02
$118.53
-27.65%
Add 2.87%
2,306,948
64,408
SPG
Simon Property Group Inc
2024-08-31
Add
Add
+0.18%
146.09 ($153.57) 168.05
$165.57
7.81%
Add 2.87%
2,267,452
63,305
AMGN
Amgen Inc
2024-08-31
Add
Add
+0.16%
298.5 ($320.7) 335.97
$305.69
-4.68%
Add 2.87%
1,014,929
28,336
BAC
Bank of America Corp
2024-08-31
Add
Add
+0.13%
36.65 ($40.08) 44.13
$47.77
19.19%
Add 2.87%
6,866,841
191,717
MAC
Macerich Co
2024-08-31
Add
Add
+0.13%
14.34 ($15.23) 16.73
$17.43
14.45%
Add 2.87%
17,675,396
493,483
NVR
NVR Inc
2024-08-31
Add
Add
+0.13%
7421.51 ($8181.78) 9321.27
$7,909.52
-3.33%
Add 2.87%
31,327
875
APA
APA Corp
2024-08-31
Add
Add
+0.11%
27.02 ($29.34) 32.22
$18.74
-36.13%
Add 2.87%
8,364,862
233,540
DVN
Devon Energy Corp
2024-08-31
Add
Add
+0.11%
41.48 ($45.94) 48.65
$32.81
-28.58%
Add 2.87%
5,086,006
141,997
OVV
Ovintiv Inc
2024-08-31
Add
Add
+0.11%
39.92 ($45.54) 48.89
$39.25
-13.81%
Add 2.87%
5,453,428
152,255
COP
ConocoPhillips
2024-08-31
Add
Add
+0.10%
104.57 ($111.67) 116.61
$92.98
-16.74%
Add 2.87%
1,900,423
53,058
EBAY
eBay Inc
2024-08-31
Add
Add
+0.09%
52.13 ($54.81) 59.37
$81.76
49.17%
Add 2.87%
3,224,541
90,026
TGT
Target Corp
2024-08-31
Add
Add
+0.08%
133.47 ($146.99) 159.25
$106.54
-27.52%
Add 2.87%
1,069,747
29,866
HD
The Home Depot Inc
2024-08-31
Add
Add
+0.08%
327.03 ($352.25) 375.59
$371.01
5.33%
Add 2.87%
446,753
12,473
UHAL.B
U-Haul Holding Co
2024-08-31
Add
Add
+0.08%
57.18 ($62.36) 68.35
$56.65
-9.16%
Add 3.56%
2,089,889
71,882
OXY
Occidental Petroleum Corp
2024-08-31
Add
Add
+0.06%
56.02 ($59.9) 63.73
$43.56
-27.28%
Add 1.07%
5,696,697
60,441
BRK.B
Berkshire Hathaway Inc
2024-08-31
Add
Add
+0.04%
405.19 ($427.28) 475.92
$478.13
11.90%
Add 2.87%
183,453
5,122
CACC
Credit Acceptance Corp
2024-08-31
Add
Add
+0.04%
444.03 ($504.91) 611.11
$519.04
2.80%
Add 2.87%
179,864
5,022
FITB
Fifth Third Bancorp
2024-08-31
Add
Add
+0.04%
35.22 ($38.79) 42.69
$42.64
9.93%
Add 2.87%
1,924,609
53,734
WAL
Western Alliance Bancorp
2024-08-31
Add
Add
+0.04%
57.34 ($69.89) 82.1
$82.05
17.40%
Add 2.87%
1,168,401
32,621
MTB
M&T Bank Corp
2024-08-31
Add
Add
+0.03%
140.83 ($157.83) 174.9
$196.78
24.68%
Add 2.87%
427,326
11,931
TSX:CVE
Cenovus Energy Inc
2024-05-31
New Buy
New Buy
+3.21%
23.7 (C$27.44) 29.81
C$19.46
-29.08%
New holding
8,902,595
8,902,595
DVN
Devon Energy Corp
2024-05-31
Add
Add
+1.27%
44.37 ($49.99) 54.51
$32.81
-34.37%
Add 43.45%
4,944,009
1,497,606
APA
APA Corp
2024-05-31
Add
Add
+1.22%
29.17 ($32) 35.74
$18.74
-41.44%
Add 39.55%
8,131,322
2,304,653
NVR
NVR Inc
2024-05-31
Reduce
Reduce
-0.76%
7335.26 ($7699.2) 8099.96
$7,909.52
2.73%
Reduce -14.52%
30,452
-5,171
DHI
D.R. Horton Inc
2024-05-31
Reduce
Reduce
-0.67%
141.38 ($151.01) 164.55
$153.50
1.65%
Reduce -9.92%
2,116,301
-233,064
LEN
Lennar Corp
2024-05-31
Reduce
Reduce
-0.62%
150.19 ($160.1) 171.98
$118.53
-25.97%
Reduce -8.36%
2,242,540
-204,624
WBD
Warner Bros. Discovery Inc
2024-05-31
Reduce
Reduce
-0.50%
7.36 ($8.3) 9.07
$12.85
54.82%
Reduce -32.98%
6,063,706
-2,983,888
AXP
American Express Co
2024-05-31
Add
Add
+0.39%
217.2 ($229.43) 243.08
$304.14
32.56%
Add 6.19%
1,617,736
94,304
OXY
Occidental Petroleum Corp
2024-05-31
Add
Add
+0.36%
60.58 ($64.6) 69.26
$43.56
-32.57%
Add 6.19%
5,636,256
328,558
MRK
Merck & Co Inc
2024-05-31
Add
Add
+0.35%
120.51 ($127.07) 131.95
$81.61
-35.78%
Add 6.19%
2,799,101
163,170
SPG
Simon Property Group Inc
2024-05-31
Add
Add
+0.34%
140.18 ($147.86) 156.49
$165.57
11.98%
Add 6.19%
2,204,147
128,488
MAC
Macerich Co
2024-05-31
Reduce
Reduce
-0.32%
13.46 ($15.78) 17.24
$17.43
10.46%
Reduce -5.53%
17,181,913
-1,006,189
AMGN
Amgen Inc
2024-05-31
Add
Add
+0.30%
262.75 ($284.4) 319.04
$305.69
7.49%
Add 6.19%
986,593
57,512
OVV
Ovintiv Inc
2024-05-31
Add
Add
+0.28%
48.28 ($51.4) 55.56
$39.25
-23.64%
Add 6.19%
5,301,173
309,025
JPM
JPMorgan Chase & Co
2024-05-31
Add
Add
+0.27%
180.08 ($194.02) 204.79
$291.43
50.21%
Add 6.19%
1,333,416
77,730
100/Page
Total 193

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