Smead Value Fund

Smead Value Fund | SMVLX

Mutual Fund
Smead Value Fund
Last update 2023-04-24 25 Stocks (1 new)
Value $4.40 Bil Turnover 11 %
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 Managers Tony Scherrer, CFA and 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
APA
APA Corp2023-02-28New Buy
+2.03%
●
37.86 ($43.57) 47.64
$33.68
-22.70%
New holding
2,330,631
2,330,631
WBD
Warner Bros. Discovery Inc2023-02-28Add
+1.80%
●
8.87 ($12.62) 15.94
$11.75
-6.89%
Add 87.41%
10,898,677
5,083,146
BAC
Bank of America Corp2023-02-28Add
+0.86%
●
31.7 ($34.33) 37.85
$28.71
-16.37%
Add 25.03%
5,497,339
1,100,664
OVV
Ovintiv Inc2023-02-28Add
+0.77%
●
42.77 ($48.99) 55.76
$35.59
-27.35%
Add 23.7%
4,141,145
793,411
OXY
Occidental Petroleum Corp2023-02-28Add
+0.58%
●
58.42 ($63.69) 69.49
$59.69
-6.28%
Add 7.7%
6,106,809
436,558
LEN
Lennar Corp2023-02-28Add
+0.45%
●
85.9 ($95.6) 108.08
$112.00
17.15%
Add 8.14%
2,693,420
202,767
MRK
Merck & Co Inc2023-02-28Add
+0.45%
●
102.94 ($109.31) 114.84
$112.52
2.94%
Add 7.36%
2,699,562
185,050
SPG
Simon Property Group Inc2023-02-28Add
+0.44%
●
115.06 ($121.62) 131.79
$106.51
-12.42%
Add 7.89%
2,162,920
158,090
AXP
American Express Co2023-02-28Add
+0.43%
●
144.01 ($160.45) 181.33
$168.56
5.05%
Add 7.21%
1,622,586
109,129
COP
ConocoPhillips2023-02-28Add
+0.40%
●
103.35 ($114.88) 124.65
$102.35
-10.91%
Add 8.51%
2,148,882
168,511
DHI
D.R. Horton Inc2023-02-28Add
+0.38%
●
83.91 ($92.52) 102.94
$112.02
21.08%
Add 7.39%
2,598,726
178,793
NVR
NVR Inc2023-02-28Add
+0.38%
●
4557.92 ($4906.67) 5405.67
$5,711.00
16.39%
Add 7.33%
47,575
3,248
AMGN
Amgen Inc2023-02-28Add
+0.34%
●
231.66 ($260.08) 286.4
$218.07
-16.15%
Add 6.72%
1,028,454
64,749
JPM
JPMorgan Chase & Co2023-02-28Add
+0.30%
●
129.29 ($137.17) 143.8
$140.47
2.41%
Add 7.86%
1,271,913
92,717
TGT
Target Corp2023-02-28Add
+0.29%
●
141.35 ($160.9) 181.02
$133.22
-17.20%
Add 7.14%
1,154,577
76,929
MAC
Macerich Co2023-02-28Add
+0.27%
●
11.05 ($12.46) 14.22
$10.16
-18.46%
Add 5.65%
18,794,274
1,004,908
EBAY
eBay Inc2023-02-28Add
+0.22%
●
39.92 ($45.58) 51.66
$44.39
-2.61%
Add 7.61%
2,993,967
211,647
CVX
Chevron Corp2023-02-28Add
+0.20%
●
160.35 ($173.46) 187.79
$156.26
-9.92%
Add 8.04%
744,401
55,410
HD
The Home Depot Inc2023-02-28Add
+0.19%
●
295.5 ($319.08) 339.79
$295.94
-7.25%
Add 7.28%
415,454
28,207
UHAL.B
U-Haul Holding Co2023-02-28Add
+0.18%
●
52.6 ($58.78) 66.74
$49.36
-16.03%
Add 8.54%
1,809,594
142,393
QCOM
Qualcomm Inc2023-02-28Add
+0.13%
●
106.97 ($122.69) 138.46
$115.62
-5.76%
Add 7.11%
685,067
45,456
CACC
Credit Acceptance Corp2023-02-28Add
+0.11%
●
378.22 ($454.07) 548.99
$475.19
4.65%
Add 7.21%
167,416
11,261
BRK.B
Berkshire Hathaway Inc2023-02-28Add
+0.08%
●
300 ($309.52) 320.37
$329.48
6.45%
Add 7.35%
170,935
11,699
PFE
Pfizer Inc2023-02-28Add
+0.08%
●
40.57 ($47.32) 54.48
$38.36
-18.93%
Add 7.55%
1,291,962
90,708
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
$35.59
-31.05%
New holding
3,347,734
3,347,734
UHAL.B
U-Haul Holding Co2022-11-30New Buy
+2.59%
●
52.06 ($58.1) 63.17
$49.36
-15.04%
New holding
1,667,201
1,667,201
UHAL
U-Haul Holding Co2022-11-30Reduce
-1.64%
●
49.87 ($54.15) 63.3
$54.60
0.83%
Reduce -69.17%
510,581
-1,145,639
OXY
Occidental Petroleum Corp2022-11-30Add
+1.36%
●
57.88 ($68.16) 75.97
$59.69
-12.43%
Add 16.29%
5,670,251
794,346
MAC
Macerich Co2022-11-30Add
+1.26%
●
7.73 ($10.23) 13.34
$10.16
-0.68%
Add 29.25%
17,789,366
4,025,505
COP
ConocoPhillips2022-11-30Add
+1.20%
●
98.76 ($119.24) 134.94
$102.35
-14.16%
Add 25.01%
1,980,371
396,245
SPG
Simon Property Group Inc2022-11-30Add
+1.12%
●
87.36 ($104.3) 120.7
$106.51
2.12%
Add 23.56%
2,004,830
382,234
CMCSA
Comcast Corp2022-11-30Sold Out
-1.04%
●
28.68 ($32.56) 36.9
$39.19
20.36%
Sold Out
0
-1,053,550
WBD
Warner Bros.Discovery Inc2022-11-30Reduce
-1.03%
●
9.84 ($12.08) 13.57
$11.75
-2.73%
Reduce -32.98%
5,815,531
-2,862,371
OGN
Organon & Co2022-11-30Sold Out
-0.89%
●
23.31 ($25.59) 29.83
$19.76
-22.78%
Sold Out
0
-1,151,859
DHI
D.R. Horton Inc2022-11-30Add
+0.57%
●
67.14 ($74.44) 86
$112.02
50.48%
Add 12.44%
2,419,933
267,729
LEN
Lennar Corp2022-11-30Add
+0.56%
●
71.38 ($79.19) 88.4
$112.00
41.43%
Add 11.73%
2,490,653
261,432
AMGN
Amgen Inc2022-11-30Add
+0.35%
●
224.46 ($254.73) 292.39
$218.07
-14.39%
Add 5.39%
963,705
49,297
MRK
Merck & Co Inc2022-11-30Add
+0.35%
●
84.53 ($94.19) 110.12
$112.52
19.46%
Add 5.39%
2,514,512
128,596
AXP
American Express Co2022-11-30Add
+0.30%
●
134.91 ($147.56) 162.45
$168.56
14.23%
Add 5.39%
1,513,457
77,445
NVR
NVR Inc2022-11-30Add
+0.26%
●
3917.75 ($4191.66) 4639.01
$5,711.00
36.25%
Add 5.39%
44,327
2,266
TGT
Target Corp2022-11-30Add
+0.23%
●
145.69 ($160.64) 178.98
$133.22
-17.07%
Add 5.39%
1,077,648
55,137
BAC
Bank of America Corp2022-11-30Add
+0.21%
●
29.77 ($34.47) 38.41
$28.71
-16.71%
Add 5.39%
4,396,675
224,837
JPM
JPMorgan Chase & Co2022-11-30Add
+0.20%
●
101.96 ($120.31) 138.18
$140.47
16.76%
Add 5.39%
1,179,196
60,331
HD
The Home Depot Inc2022-11-30Add
+0.16%
●
266.58 ($291.08) 326.38
$295.94
1.67%
Add 5.39%
387,247
19,806
EBAY
eBay Inc2022-11-30Add
+0.16%
●
36.81 ($41.1) 47.02
$44.39
8.00%
Add 5.39%
2,782,320
142,241
CVX
Chevron Corp2022-11-30Add
+0.11%
●
140.96 ($167.45) 188.05
$156.26
-6.68%
Add 3.52%
688,991
23,436
QCOM
Qualcomm Inc2022-11-30Add
+0.10%
●
103.88 ($119.88) 133
$115.62
-3.55%
Add 5.4%
639,611
32,753
CACC
Credit Acceptance Corp2022-11-30Add
+0.09%
●
407.7 ($469.24) 533.48
$475.19
1.27%
Add 5.39%
156,155
7,983
PFE
Pfizer Inc2022-11-30Add
+0.08%
●
41.75 ($45.89) 50.13
$38.36
-16.41%
Add 5.4%
1,201,254
61,525
BRK.B
Berkshire Hathaway Inc2022-11-30Add
+0.06%
●
264 ($286.34) 318.6
$329.48
15.07%
Add 5.4%
159,236
8,154
CLR
Continental Resources Inc2022-08-31Reduce
-0.44%
●
62.96 ($67.53) 74.22
$74.27
9.98%
Reduce -3.87%
6,175,812
-248,458
WBD
Warner Bros.Discovery Inc2022-08-31Add
+0.42%
●
12.71 ($14.43) 18
$11.75
-18.57%
Add 15.31%
8,677,902
1,151,876
MAC
Macerich Co2022-08-31Add
+0.41%
●
8.71 ($10.05) 11.68
$10.16
1.09%
Add 12.98%
13,763,861
1,581,550
AMGN
Amgen Inc2022-08-31Add
+0.28%
●
230.71 ($245.4) 253.42
$218.07
-11.14%
Add 4.93%
914,408
42,980
AXP
American Express Co2022-08-31Add
+0.28%
●
136.48 ($152.19) 169.14
$168.56
10.76%
Add 4.93%
1,436,012
67,472
MRK
Merck & Co Inc2022-08-31Add
+0.26%
●
84.5 ($90.08) 94.96
$112.52
24.91%
Add 4.93%
2,385,916
112,103
NVR
NVR Inc2022-08-31Add
+0.22%
●
3670 ($4262.36) 4552.68
$5,711.00
33.99%
Add 4.93%
42,061
1,977
LEN
Lennar Corp2022-08-31Add
+0.22%
●
64.49 ($79.04) 88.27
$112.00
41.70%
Add 4.93%
2,229,221
104,820
TGT
Target Corp2022-08-31Add
+0.21%
●
139.3 ($156.13) 180.19
$133.22
-14.67%
Add 4.93%
1,022,511
48,079
SPG
Simon Property Group Inc2022-08-31Add
+0.21%
●
94 ($103.66) 115.85
$106.51
2.75%
Add 4.93%
1,622,596
76,297
DHI
D.R. Horton Inc2022-08-31Add
+0.20%
●
60.56 ($72.91) 79.72
$112.02
53.64%
Add 4.93%
2,152,204
101,176
BAC
Bank of America Corp2022-08-31Add
+0.18%
●
30.13 ($33.55) 36.7
$28.71
-14.43%
Add 4.94%
4,171,838
196,231
JPM
JPMorgan Chase & Co2022-08-31Add
+0.16%
●
108 ($116.9) 132
$140.47
20.16%
Add 4.93%
1,118,865
52,599
EBAY
eBay Inc2022-08-31Add
+0.15%
●
41.08 ($45.59) 50.48
$44.39
-2.63%
Add 4.93%
2,640,079
124,016
HD
The Home Depot Inc2022-08-31Add
+0.14%
●
268.98 ($296.34) 327.38
$295.94
-0.13%
Add 4.93%
367,441
17,259
UHAL
Amerco Inc2022-08-31Add
+0.11%
●
45.17 ($50.91) 59.07
$54.60
7.25%
Add 4.93%
1,656,220
7,779
CACC
Credit Acceptance Corp2022-08-31Add
+0.10%
●
460.68 ($537.23) 605.38
$475.19
-11.55%
Add 4.93%
148,172
6,959
QCOM
Qualcomm Inc2022-08-31Add
+0.10%
●
120.09 ($139.6) 155.86
$115.62
-17.18%
Add 4.93%
606,858
28,514
PFE
Pfizer Inc2022-08-31Add
+0.07%
●
45.23 ($50.3) 53.96
$38.36
-23.74%
Add 4.93%
1,139,729
53,551
BRK.B
Berkshire Hathaway Inc2022-08-31Add
+0.05%
●
267.52 ($288.33) 314.95
$329.48
14.27%
Add 4.93%
151,082
7,097
CMCSA
Comcast Corp2022-08-31Add
+0.05%
●
35.72 ($39.75) 43.93
$39.19
-1.41%
Add 4.94%
1,053,550
49,591
OGN
Organon & Co2022-08-31Add
+0.04%
●
28.53 ($32.78) 37.81
$19.76
-39.72%
Add 4.94%
1,151,859
54,263
COP
ConocoPhillips2022-05-31Reduce
-1.94%
●
91.32 ($101.3) 114.6
$102.35
1.04%
Reduce -31.86%
1,584,126
-740,788
CVX
Chevron Corp2022-05-31Reduce
-1.76%
●
156.24 ($166.21) 178.28
$156.26
-5.99%
Reduce -39.98%
665,555
-443,259
SPG
Simon Property Group Inc2022-05-31Add
+0.92%
●
107.77 ($124.69) 138.08
$106.51
-14.58%
Add 24.48%
1,546,299
304,132
OGN
Organon & Co2022-05-31Add
+0.89%
●
31.66 ($35.05) 38.9
$19.76
-43.62%
Add 430.11%
1,097,596
890,544
WBD
Warner Bros.Discovery Inc2022-05-31Add
+0.81%
●
16.62 ($22.12) 27.35
$11.75
-46.88%
Add 28.56%
7,526,026
1,671,874
MAC
Macerich Co2022-05-31Add
+0.79%
●
11.43 ($13.78) 16.15
$10.16
-26.27%
Add 26.56%
12,182,311
2,556,327
AXP
American Express Co2022-05-31Add
+0.64%
●
153.24 ($174.92) 191.33
$168.56
-3.64%
Add 11.86%
1,368,540
145,107
AMGN
Amgen Inc2022-05-31Add
+0.59%
●
226.95 ($242.72) 256.74
$218.07
-10.16%
Add 11.2%
871,428
87,784
MRK
Merck & Co Inc2022-05-31Add
+0.55%
●
76.95 ($85.42) 94.64
$112.52
31.73%
Add 11.03%
2,273,813
225,914
NVR
NVR Inc2022-05-31Add
+0.51%
●
4061 ($4488.31) 4988.73
$5,711.00
27.24%
Add 12.23%
40,084
4,367
LEN
Lennar Corp2022-05-31Add
+0.48%
●
71.3 ($80.05) 92.54
$112.00
39.91%
Add 12.1%
2,124,401
229,239
TGT
Target Corp2022-05-31Add
+0.44%
●
149.95 ($214.71) 249.32
$133.22
-37.95%
Add 12%
974,432
104,415
DHI
D.R. Horton Inc2022-05-31Add
+0.43%
●
64.86 ($74.26) 85.74
$112.02
50.85%
Add 11.98%
2,051,028
219,372
BAC
Bank of America Corp2022-05-31Add
+0.42%
●
33.86 ($38.84) 44.18
$28.71
-26.08%
Add 11.97%
3,975,607
425,159
BRK.B
Berkshire Hathaway Inc2022-05-31Reduce
-0.39%
●
304.05 ($331.78) 359.57
$329.48
-0.69%
Reduce -23.63%
143,985
-44,544
JPM
JPMorgan Chase & Co2022-05-31Add
+0.39%
●
117.34 ($129.4) 142.62
$140.47
8.55%
Add 11.83%
1,066,266
112,820
CMCSA
Comcast Corp2022-05-31Reduce
-0.38%
●
39.76 ($44.86) 48.11
$39.19
-12.64%
Reduce -22.67%
1,003,959
-294,332
PFE
Pfizer Inc2022-05-31Reduce
-0.36%
●
47.44 ($51.3) 55.17
$38.36
-25.22%
Reduce -20.42%
1,086,178
-278,744
OXY
Occidental Petroleum Corp2022-05-31Add
+0.34%
●
52.99 ($59.69) 70.86
$59.69
0%
Add 4.03%
4,875,905
188,969
EBAY
eBay Inc2022-05-31Add
+0.32%
●
44.18 ($52.42) 60.21
$44.39
-15.32%
Add 11.04%
2,516,063
250,242
HD
The Home Depot Inc2022-05-31Add
+0.28%
●
282.96 ($307.12) 340.74
$295.94
-3.64%
Add 11.03%
350,182
34,789
CACC
Credit Acceptance Corp2022-05-31Add
+0.23%
●
470.31 ($551.62) 640.93
$475.19
-13.86%
Add 11.38%
141,213
14,425
QCOM
Qualcomm Inc2022-05-31Add
+0.23%
●
128.53 ($143.25) 162.26
$115.62
-19.29%
Add 11.81%
578,344
61,109
UHAL
Amerco Inc2022-05-31Add
+0.20%
●
48.7 ($55.98) 62.66
$54.60
-2.47%
Add 10.86%
1,578,430
15,464
CLR
Continental Resources Inc2022-05-31Add
+0.13%
●
55.02 ($60.76) 69.01
$74.27
22.24%
Add 1.18%
6,424,270
74,809
CLR
Continental Resources Inc2022-02-28Add
+1.62%
●
42.68 ($49.57) 59.64
$74.27
49.83%
Add 20%
6,349,461
1,058,232
OXY
Occidental Petroleum Corp2022-02-28Add
+1.61%
●
26.98 ($34.3) 43.73
$59.69
74.02%
Add 39.83%
4,686,936
1,335,004
100/Page
Total 178

Smead Value Fund News

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