Smead Value Fund

Smead Value Fund | SMVLX

Mutual Fund
Smead Value Fund
Last update 2025-07-23 30 Stocks (1 new)
Value $4.17 Bil Turnover 5 %
Countries:
Top Holdings: SPG(7.19%)AMGN(5.69%)AXP(5.56%)MAC(5.56%)DHI(5.00%)

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
FANG
Diamondback Energy Inc
2025-05-31
New Buy
New Buy
+3.03%
●
119.25 ($141.22) 163.09
$143.76
1.80%
New holding
940,548
940,548
AXP
American Express Co
2025-05-31
Reduce
Reduce
-1.85%
●
231.39 ($271.38) 302.3
$307.52
13.32%
Reduce -29.34%
789,547
-327,912
DVN
Devon Energy Corp
2025-05-31
Reduce
Reduce
-1.78%
●
26.8 ($32.64) 37.92
$32.95
0.95%
Reduce -55.06%
2,142,892
-2,625,662
BRK.B
Berkshire Hathaway Inc
2025-05-31
Sold Out
Sold Out
-1.65%
●
490.38 ($516.05) 539.8
$480.56
-6.88%
Sold Out
0
-172,002
BAC
Bank of America Corp
2025-05-31
Reduce
Reduce
-1.63%
●
34.39 ($40.88) 44.77
$47.95
17.28%
Reduce -36.76%
3,256,484
-1,893,315
OXY
Occidental Petroleum Corp
2025-05-31
Reduce
Reduce
-1.61%
●
36.11 ($43.04) 49.75
$44.45
3.28%
Reduce -33.07%
3,574,702
-1,766,426
JPM
JPMorgan Chase & Co
2025-05-31
Reduce
Reduce
-1.58%
●
210.28 ($244.78) 267.56
$296.76
21.24%
Reduce -35.6%
578,330
-319,736
SPG
Simon Property Group Inc
2025-05-31
Reduce
Reduce
-1.00%
●
140.37 ($160.48) 183.58
$164.28
2.37%
Reduce -13.45%
1,839,958
-285,967
OVV
Ovintiv Inc
2025-05-31
Reduce
Reduce
-0.99%
●
31.18 ($37.21) 44.14
$40.77
9.57%
Reduce -23.82%
3,894,873
-1,218,170
TSX:CVE
Cenovus Energy Inc
2025-05-31
Add
Add
+0.88%
●
15.14 (C$18.05) 20.51
C$19.62
8.70%
Add 23.74%
14,595,036
2,799,926
MAC
Macerich Co
2025-05-31
Reduce
Reduce
-0.75%
●
13.24 ($15.76) 18.17
$17.36
10.12%
Reduce -13.45%
14,342,962
-2,229,195
AMGN
Amgen Inc
2025-05-31
Reduce
Reduce
-0.74%
●
262.28 ($292.17) 327.36
$305.44
4.54%
Reduce -13.45%
823,579
-128,002
MRK
Merck & Co Inc
2025-05-31
Reduce
Reduce
-0.70%
●
73.47 ($83.77) 95.23
$84.22
0.54%
Reduce -13.45%
2,626,027
-408,139
DHI
D.R. Horton Inc
2025-05-31
Reduce
Reduce
-0.65%
●
115.1 ($124.8) 133.96
$144.20
15.54%
Reduce -13.45%
1,766,626
-274,571
LEN
Lennar Corp
2025-05-31
Reduce
Reduce
-0.65%
●
102.76 ($111.6) 126.14
$113.22
1.45%
Reduce -13.45%
1,872,007
-290,949
NVR
NVR Inc
2025-05-31
Reduce
Reduce
-0.54%
●
6700 ($7193.73) 7503.42
$7,747.65
7.70%
Reduce -13.45%
25,421
-3,951
EBAY
eBay Inc
2025-05-31
Reduce
Reduce
-0.49%
●
59.52 ($67.63) 73.17
$83.12
22.90%
Reduce -13.45%
2,616,602
-406,674
HD
The Home Depot Inc
2025-05-31
Reduce
Reduce
-0.42%
●
335.24 ($362.39) 386.35
$374.27
3.28%
Reduce -13.45%
362,524
-56,344
UHAL
U-Haul Holding Co
2025-05-31
Reduce
Reduce
-0.36%
●
58.65 ($63.54) 69.8
$63.03
-0.79%
Reduce -87.57%
39,515
-278,365
WAL
Western Alliance Bancorp
2025-05-31
Add
Add
+0.32%
●
61 ($72.94) 81.19
$81.37
11.56%
Add 16.93%
1,280,986
185,513
APA
APA Corp
2025-05-31
Reduce
Reduce
-0.30%
●
14.03 ($17.66) 21.24
$19.01
7.64%
Reduce -7.3%
9,790,965
-771,051
QCOM
Qualcomm Inc
2025-05-31
Add
Add
+0.30%
●
124.66 ($147.93) 161.22
$157.93
6.76%
Add 15.49%
644,123
86,375
CACC
Credit Acceptance Corp
2025-05-31
Add
Add
+0.28%
●
443.32 ($488.77) 529.8
$512.28
4.81%
Add 14.75%
193,509
24,872
FITB
Fifth Third Bancorp
2025-05-31
Reduce
Reduce
-0.20%
●
33.32 ($37.53) 41.63
$42.24
12.56%
Reduce -13.45%
1,561,752
-242,729
MTB
M&T Bank Corp
2025-05-31
Reduce
Reduce
-0.19%
●
156.58 ($173.89) 187.73
$190.23
9.40%
Reduce -13.45%
346,760
-53,893
COP
ConocoPhillips
2025-05-31
Reduce
Reduce
-0.18%
●
82.66 ($92.34) 106.1
$94.99
2.87%
Reduce -5.45%
1,684,614
-97,191
ULTA
Ulta Beauty Inc
2025-05-31
Reduce
Reduce
-0.16%
●
314.47 ($376.73) 471.46
$511.11
35.67%
Reduce -13.45%
147,373
-22,904
SIRI
Sirius XM Holdings Inc
2025-05-31
Reduce
Reduce
-0.14%
●
19.34 ($21.94) 25.23
$23.63
7.70%
Reduce -13.45%
1,932,030
-300,278
TGT
Target Corp
2025-05-31
Add
Add
+0.11%
●
88.76 ($99.74) 117.14
$105.36
5.63%
Add 4.1%
1,290,109
50,827
MRP
Millrose Properties Inc
2025-05-31
Reduce
Reduce
-0.06%
●
21.22 ($25.09) 28.7
$30.75
22.56%
Reduce -13.45%
936,004
-145,474
UHAL.B
U-Haul Holding Co
2025-05-31
Reduce
Reduce
-0.02%
●
52.31 ($57.02) 62.96
$55.98
-1.82%
Reduce -0.63%
2,092,923
-13,206
MRP
Millrose Properties Inc
2025-02-28
New Buy
New Buy
+0.46%
●
21.79 ($23.07) 26.74
$30.75
33.29%
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
$164.28
-7.62%
Reduce -5.25%
2,125,925
-117,876
LEN
Lennar Corp
2025-02-28
Reduce
Reduce
-0.35%
●
119.63 ($131.81) 161.42
$113.22
-14.10%
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
$144.20
1.76%
Reduce -5.25%
2,041,197
-113,178
MAC
Macerich Co
2025-02-28
Reduce
Reduce
-0.32%
●
18.04 ($20.43) 22.11
$17.36
-15.05%
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
$307.52
0.58%
Reduce -5.25%
1,117,459
-61,959
NVR
NVR Inc
2025-02-28
Reduce
Reduce
-0.25%
●
7062.02 ($8078.9) 9235.58
$7,747.65
-4.10%
Reduce -5.25%
29,372
-1,628
OXY
Occidental Petroleum Corp
2025-02-28
Reduce
Reduce
-0.25%
●
45.36 ($49.06) 52.7
$44.45
-9.40%
Reduce -5.25%
5,341,128
-296,148
AMGN
Amgen Inc
2025-02-28
Reduce
Reduce
-0.25%
●
258.59 ($279.39) 315.63
$305.44
9.32%
Reduce -5.25%
951,581
-52,762
MRK
Merck & Co Inc
2025-02-28
Add
Add
+0.24%
●
83.01 ($96.19) 103.79
$84.22
-12.44%
Add 4.81%
3,034,166
139,193
APA
APA Corp
2025-02-28
Reduce
Reduce
-0.22%
●
20.42 ($22.69) 25.45
$19.01
-16.22%
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
$47.95
4.71%
Reduce -5.25%
5,149,799
-285,539
OVV
Ovintiv Inc
2025-02-28
Reduce
Reduce
-0.21%
●
37.74 ($42.62) 45.91
$40.77
-4.34%
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
$296.76
16.53%
Reduce -5.25%
898,066
-49,795
COP
ConocoPhillips
2025-02-28
Reduce
Reduce
-0.18%
●
95.12 ($100.59) 108.34
$94.99
-5.57%
Reduce -5.25%
1,781,805
-98,796
EBAY
eBay Inc
2025-02-28
Reduce
Reduce
-0.17%
●
61.61 ($65.57) 70.93
$83.12
26.76%
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$19.62
-8.49%
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
$32.95
-5.45%
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
$374.27
-7.73%
Reduce -5.25%
418,868
-23,225
TGT
Target Corp
2025-02-28
Reduce
Reduce
-0.15%
●
122.5 ($133.43) 142.5
$105.36
-21.04%
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
$63.03
-11.63%
Reduce -28.03%
317,880
-123,783
WAL
Western Alliance Bancorp
2025-02-28
Reduce
Reduce
-0.09%
●
78.4 ($87.78) 94
$81.37
-7.30%
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
$480.56
2.87%
Reduce -5.25%
172,002
-9,537
CACC
Credit Acceptance Corp
2025-02-28
Reduce
Reduce
-0.08%
●
440.44 ($490.42) 525.64
$512.28
4.46%
Reduce -5.25%
168,637
-9,351
FITB
Fifth Third Bancorp
2025-02-28
Reduce
Reduce
-0.08%
●
41.12 ($44.06) 48.06
$42.24
-4.12%
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
$190.23
-3.65%
Reduce -5.25%
400,653
-22,215
QCOM
Qualcomm Inc
2025-02-28
Reduce
Reduce
-0.08%
●
150.4 ($163.47) 175.86
$157.93
-3.39%
Reduce -5.25%
557,748
-30,926
ULTA
Ulta Beauty Inc
2025-02-28
Reduce
Reduce
-0.06%
●
359.96 ($405.27) 446.21
$511.11
26.11%
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
$23.63
-1.62%
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
$511.11
36.13%
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
$23.63
-8.76%
New holding
2,356,082
2,356,082
APA
APA Corp
2024-11-30
Add
Add
+1.04%
●
21.77 ($24.31) 27.07
$19.01
-21.80%
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
$296.76
32.92%
Reduce -22.28%
947,861
-271,752
AXP
American Express Co
2024-11-30
Reduce
Reduce
-0.99%
●
244.06 ($274.44) 305.57
$307.52
12.05%
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
$47.95
13.67%
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
$105.36
-29.66%
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$19.62
-14.55%
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
$84.22
-22.06%
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
$164.28
-4.46%
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
$144.20
-19.96%
Reduce -1.04%
2,154,375
-22,708
LEN
Lennar Corp
2024-11-30
Reduce
Reduce
-0.07%
●
166.18 ($178.15) 192.45
$113.22
-36.45%
Reduce -1.04%
2,282,885
-24,063
AMGN
Amgen Inc
2024-11-30
Reduce
Reduce
-0.06%
●
278.76 ($316.13) 337.38
$305.44
-3.38%
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
$44.45
-14.17%
Reduce -1.04%
5,637,276
-59,421
MAC
Macerich Co
2024-11-30
Reduce
Reduce
-0.05%
●
15.17 ($18.15) 21.21
$17.36
-4.38%
Reduce -1.04%
17,491,029
-184,367
NVR
NVR Inc
2024-11-30
Reduce
Reduce
-0.05%
●
8865.63 ($9367.14) 9924.4
$7,747.65
-17.29%
Reduce -1.04%
31,000
-327
UHAL
U-Haul Holding Co
2024-11-30
Reduce
Reduce
-0.05%
●
67.56 ($73.03) 78.4
$63.03
-13.69%
Reduce -8.89%
441,663
-43,095
DVN
Devon Energy Corp
2024-11-30
Reduce
Reduce
-0.04%
●
37.71 ($39.97) 43.02
$32.95
-17.56%
Reduce -1.04%
5,032,955
-53,051
COP
ConocoPhillips
2024-11-30
Reduce
Reduce
-0.04%
●
102.31 ($108.33) 114.72
$94.99
-12.31%
Reduce -1.04%
1,880,601
-19,822
OVV
Ovintiv Inc
2024-11-30
Reduce
Reduce
-0.04%
●
37 ($41.42) 46.71
$40.77
-1.57%
Reduce -1.04%
5,396,545
-56,883
EBAY
eBay Inc
2024-11-30
Reduce
Reduce
-0.03%
●
57.51 ($63.15) 67.17
$83.12
31.62%
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
$374.27
-6.38%
Reduce -1.04%
442,093
-4,660
WAL
Western Alliance Bancorp
2024-11-30
Reduce
Reduce
-0.02%
●
78.55 ($86.29) 96.1
$81.37
-5.70%
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
$55.98
-16.55%
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
$480.56
4.19%
Reduce -1.04%
181,539
-1,914
QCOM
Qualcomm Inc
2024-11-30
Reduce
Reduce
-0.02%
●
154.27 ($166.57) 178.04
$157.93
-5.19%
Reduce -1.04%
588,674
-6,205
CACC
Credit Acceptance Corp
2024-11-30
Reduce
Reduce
-0.01%
●
417.33 ($452.28) 497.7
$512.28
13.27%
Reduce -1.04%
177,988
-1,876
FITB
Fifth Third Bancorp
2024-11-30
Reduce
Reduce
-0.01%
●
40.69 ($44.05) 48.44
$42.24
-4.10%
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
$190.23
-0.08%
Reduce -1.04%
422,868
-4,458
AXP
American Express Co
2024-08-31
Reduce
Reduce
-0.86%
●
222.19 ($239.79) 259.84
$307.52
28.25%
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
$13.39
73.29%
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$19.62
-25.63%
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
$157.93
-16.70%
Reduce -16.98%
594,879
-121,682
JPM
JPMorgan Chase & Co
2024-08-31
Reduce
Reduce
-0.40%
●
191.53 ($206.52) 224.8
$296.76
43.70%
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
$84.22
-31.54%
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
$144.20
-10.55%
Add 2.87%
2,177,083
60,782
LEN
Lennar Corp
2024-08-31
Add
Add
+0.19%
●
142.5 ($163.83) 185.02
$113.22
-30.89%
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
$164.28
6.98%
Add 2.87%
2,267,452
63,305
AMGN
Amgen Inc
2024-08-31
Add
Add
+0.16%
●
298.5 ($320.7) 335.97
$305.44
-4.76%
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
$47.95
19.62%
Add 2.87%
6,866,841
191,717
100/Page
Total 224
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