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Smead Value Fund | SMVLXMutual Fund | |
Smead Value Fund | |
Last update 2024-07-29 | 28 Stocks (1 new) |
Value $5.79 Bil | Turnover 10 % |
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
Ticker |
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Ticker |
TSX:CVE |
DVN |
APA |
NVR |
DHI |
LEN |
WBD |
AXP |
OXY |
MRK |
SPG |
MAC |
AMGN |
OVV |
JPM |
BAC |
COP |
EBAY |
TGT |
UHAL.B |
HD |
QCOM |
CACC |
FITB |
WAL |
BRK.B |
MTB |
UHAL |
APA |
LEN |
DHI |
MRK |
AXP |
SPG |
OXY |
NVR |
OVV |
AMGN |
JPM |
BAC |
COP |
TGT |
DVN |
EBAY |
HD |
UHAL.B |
QCOM |
WBD |
CACC |
BRK.B |
WAL |
FITB |
MTB |
UHAL |
MAC |
OXY |
WAL |
COP |
FITB |
MTB |
PFE |
LEN |
DHI |
AMGN |
DVN |
WBD |
APA |
TGT |
AXP |
BAC |
SPG |
MRK |
NVR |
MAC |
JPM |
EBAY |
HD |
UHAL.B |
OVV |
CACC |
QCOM |
BRK.B |
UHAL |
DVN |
OXY |
LEN |
DHI |
AXP |
COP |
MRK |
AMGN |
MAC |
NVR |
SPG |
OVV |
APA |
JPM |
WBD |
UHAL.B |
TGT |
Ticker | | Company | Date | Action | Impact % | Price Range | Price | Price Change from Avrg% | Comment | Current Shares | Share Change |
---|---|---|---|---|---|---|---|---|---|---|---|
Ticker | | Company | Date | Action | Impact % | Price Range | Price | Price Change from Avrg% | Comment | Current Shares | Share Change |
TSX:CVE | Cenovus Energy Inc | 2024-05-31 | New Buy | +3.21% | 23.7 (C$27.44) 29.81 | C$25.99 | -5.28% | New holding | 8,902,595 | 8,902,595 | |
DVN | Devon Energy Corp | 2024-05-31 | Add | +1.27% | 44.37 ($49.99) 54.51 | $44.65 | -10.68% | Add 43.45% | 4,944,009 | 1,497,606 | |
APA | APA Corp | 2024-05-31 | Add | +1.22% | 29.17 ($32) 35.74 | $28.43 | -11.16% | Add 39.55% | 8,131,322 | 2,304,653 | |
NVR | NVR Inc | 2024-05-31 | Reduce | -0.76% | 7335.26 ($7699.2) 8099.96 | $9,076.03 | 17.88% | Reduce -14.52% | 30,452 | -5,171 | |
DHI | D.R. Horton Inc | 2024-05-31 | Reduce | -0.67% | 141.38 ($151.01) 164.55 | $187.54 | 24.19% | Reduce -9.92% | 2,116,301 | -233,064 | |
LEN | Lennar Corp | 2024-05-31 | Reduce | -0.62% | 150.19 ($160.1) 171.98 | $182.36 | 13.90% | Reduce -8.36% | 2,242,540 | -204,624 | |
WBD | Warner Bros. Discovery Inc | 2024-05-31 | Reduce | -0.50% | 7.36 ($8.3) 9.07 | $8.11 | -2.29% | Reduce -32.98% | 6,063,706 | -2,983,888 | |
AXP | American Express Co | 2024-05-31 | Add | +0.39% | 217.2 ($229.43) 243.08 | $255.03 | 11.16% | Add 6.19% | 1,617,736 | 94,304 | |
OXY | Occidental Petroleum Corp | 2024-05-31 | Add | +0.36% | 60.58 ($64.6) 69.26 | $56.84 | -12.01% | Add 6.19% | 5,636,256 | 328,558 | |
MRK | Merck & Co Inc | 2024-05-31 | Add | +0.35% | 120.51 ($127.07) 131.95 | $116.50 | -8.32% | Add 6.19% | 2,799,101 | 163,170 | |
SPG | Simon Property Group Inc | 2024-05-31 | Add | +0.34% | 140.18 ($147.86) 156.49 | $168.05 | 13.65% | Add 6.19% | 2,204,147 | 128,488 | |
MAC | Macerich Co | 2024-05-31 | Reduce | -0.32% | 13.46 ($15.78) 17.24 | $15.88 | 0.63% | Reduce -5.53% | 17,181,913 | -1,006,189 | |
AMGN | Amgen Inc | 2024-05-31 | Add | +0.30% | 262.75 ($284.4) 319.04 | $326.93 | 14.95% | Add 6.19% | 986,593 | 57,512 | |
OVV | Ovintiv Inc | 2024-05-31 | Add | +0.28% | 48.28 ($51.4) 55.56 | $43.24 | -15.88% | Add 6.19% | 5,301,173 | 309,025 | |
JPM | JPMorgan Chase & Co | 2024-05-31 | Add | +0.27% | 180.08 ($194.02) 204.79 | $220.18 | 13.48% | Add 6.19% | 1,333,416 | 77,730 | |
BAC | Bank of America Corp | 2024-05-31 | Add | +0.27% | 34.68 ($37.33) 39.99 | $39.67 | 6.27% | Add 6.19% | 6,675,124 | 389,117 | |
COP | ConocoPhillips | 2024-05-31 | Add | +0.22% | 111.22 ($123.51) 133.52 | $112.43 | -8.97% | Add 6.19% | 1,847,365 | 107,690 | |
EBAY | eBay Inc | 2024-05-31 | Add | +0.17% | 48.91 ($51.48) 54.41 | $59.37 | 15.33% | Add 6.19% | 3,134,515 | 182,723 | |
TGT | Target Corp | 2024-05-31 | Add | +0.16% | 143.27 ($164.04) 177.82 | $158.68 | -3.27% | Add 6.19% | 1,039,881 | 60,619 | |
UHAL.B | U-Haul Holding Co | 2024-05-31 | Add | +0.15% | 59.57 ($64.13) 66.97 | $67.61 | 5.43% | Add 7.64% | 2,018,007 | 143,180 | |
HD | The Home Depot Inc | 2024-05-31 | Add | +0.15% | 325.1 ($352.75) 395.2 | $373.18 | 5.79% | Add 6.19% | 434,280 | 25,316 | |
QCOM | Qualcomm Inc | 2024-05-31 | Add | +0.15% | 157.63 ($176.62) 213.08 | $173.93 | -1.52% | Add 6.19% | 716,561 | 41,771 | |
CACC | Credit Acceptance Corp | 2024-05-31 | Add | +0.09% | 476.01 ($529.68) 572.49 | $473.26 | -10.65% | Add 6.19% | 174,842 | 10,192 | |
FITB | Fifth Third Bancorp | 2024-05-31 | Add | +0.07% | 34.09 ($36.61) 38.98 | $41.71 | 13.93% | Add 6.19% | 1,870,875 | 109,060 | |
WAL | Western Alliance Bancorp | 2024-05-31 | Add | +0.07% | 55.26 ($60.55) 64.96 | $80.44 | 32.85% | Add 6.19% | 1,135,780 | 66,209 | |
BRK.B | Berkshire Hathaway Inc | 2024-05-31 | Add | +0.07% | 396.73 ($408.37) 420.52 | $460.63 | 12.80% | Add 6.19% | 178,331 | 10,396 | |
MTB | M&T Bank Corp | 2024-05-31 | Add | +0.06% | 134.56 ($144.99) 155.06 | $167.40 | 15.46% | Add 6.19% | 415,395 | 24,215 | |
UHAL | U-Haul Holding Co | 2024-05-31 | Add | 0% | 62.26 ($65.93) 69.11 | $70.58 | 7.05% | Add 0.56% | 484,758 | 2,716 | |
APA | APA Corp | 2024-02-29 | Add | +0.68% | 29.62 ($32.81) 37.29 | $28.43 | -13.35% | Add 25.45% | 5,826,669 | 1,181,875 | |
LEN | Lennar Corp | 2024-02-29 | Add | +0.14% | 127.92 ($148.53) 158.51 | $182.36 | 22.78% | Add 1.86% | 2,447,164 | 44,794 | |
DHI | D.R. Horton Inc | 2024-02-29 | Add | +0.13% | 127.67 ($145.76) 157.7 | $187.54 | 28.66% | Add 1.9% | 2,349,365 | 43,786 | |
MRK | Merck & Co Inc | 2024-02-29 | Add | +0.12% | 102.48 ($117.05) 129.45 | $116.50 | -0.47% | Add 1.87% | 2,635,931 | 48,288 | |
AXP | American Express Co | 2024-02-29 | Add | +0.12% | 167.51 ($192.35) 219.42 | $255.03 | 32.59% | Add 1.88% | 1,523,432 | 28,125 | |
SPG | Simon Property Group Inc | 2024-02-29 | Add | +0.11% | 124.89 ($142.07) 151.51 | $168.05 | 18.29% | Add 1.87% | 2,075,659 | 38,007 | |
OXY | Occidental Petroleum Corp | 2024-02-29 | Add | +0.11% | 55.55 ($58.46) 61.44 | $56.84 | -2.77% | Add 1.88% | 5,307,698 | 98,061 | |
NVR | NVR Inc | 2024-02-29 | Add | +0.10% | 6155.39 ($7071.44) 7625.57 | $9,076.03 | 28.35% | Add 1.86% | 35,623 | 652 | |
OVV | Ovintiv Inc | 2024-02-29 | Add | +0.09% | 40.27 ($43.11) 49.41 | $43.24 | 0.30% | Add 1.87% | 4,992,148 | 91,412 | |
AMGN | Amgen Inc | 2024-02-29 | Add | +0.09% | 269.12 ($292.48) 324.56 | $326.93 | 11.78% | Add 1.87% | 929,081 | 17,040 | |
JPM | JPMorgan Chase & Co | 2024-02-29 | Add | +0.08% | 156.08 ($170.79) 186.06 | $220.18 | 28.92% | Add 1.9% | 1,255,686 | 23,419 | |
BAC | Bank of America Corp | 2024-02-29 | Add | +0.08% | 30.49 ($33.04) 34.79 | $39.67 | 20.07% | Add 1.92% | 6,286,007 | 118,687 | |
COP | ConocoPhillips | 2024-02-29 | Add | +0.07% | 106.93 ($112.7) 119.93 | $112.43 | -0.24% | Add 1.87% | 1,739,675 | 31,870 | |
TGT | Target Corp | 2024-02-29 | Add | +0.05% | 132.88 ($142.08) 152.92 | $158.68 | 11.68% | Add 1.87% | 979,262 | 17,934 | |
DVN | Devon Energy Corp | 2024-02-29 | Add | +0.05% | 40.69 ($43.62) 46.81 | $44.65 | 2.36% | Add 1.87% | 3,446,403 | 63,123 | |
EBAY | eBay Inc | 2024-02-29 | Add | +0.05% | 40.67 ($42.54) 47.89 | $59.37 | 39.56% | Add 1.91% | 2,951,792 | 55,330 | |
HD | The Home Depot Inc | 2024-02-29 | Add | +0.05% | 313.49 ($351.64) 380.61 | $373.18 | 6.13% | Add 1.87% | 408,964 | 7,518 | |
UHAL.B | U-Haul Holding Co | 2024-02-29 | Add | +0.04% | 54.15 ($63.5) 71.18 | $67.61 | 6.47% | Add 1.87% | 1,874,827 | 34,351 | |
QCOM | Qualcomm Inc | 2024-02-29 | Add | +0.04% | 129.05 ($144.59) 158.3 | $173.93 | 20.29% | Add 1.91% | 674,790 | 12,620 | |
WBD | Warner Bros. Discovery Inc | 2024-02-29 | Add | +0.03% | 8.55 ($10.6) 12.49 | $8.11 | -23.49% | Add 1.86% | 9,047,594 | 165,456 | |
CACC | Credit Acceptance Corp | 2024-02-29 | Add | +0.03% | 446.47 ($528.83) 582.42 | $473.26 | -10.51% | Add 1.86% | 164,650 | 3,014 | |
BRK.B | Berkshire Hathaway Inc | 2024-02-29 | Add | +0.02% | 352.38 ($376.09) 417.22 | $460.63 | 22.48% | Add 1.87% | 167,935 | 3,079 | |
WAL | Western Alliance Bancorp | 2024-02-29 | Add | +0.02% | 51.22 ($61.59) 70.11 | $80.44 | 30.61% | Add 1.93% | 1,069,571 | 20,211 | |
FITB | Fifth Third Bancorp | 2024-02-29 | Add | +0.02% | 28.95 ($33.69) 35.64 | $41.71 | 23.81% | Add 1.87% | 1,761,815 | 32,313 | |
MTB | M&T Bank Corp | 2024-02-29 | Add | +0.02% | 128.17 ($136.42) 145.06 | $167.40 | 22.71% | Add 1.91% | 391,180 | 7,317 | |
UHAL | U-Haul Holding Co | 2024-02-29 | Add | +0.01% | 56.61 ($65.36) 72.27 | $70.58 | 7.99% | Add 1.87% | 482,042 | 8,842 | |
MAC | Macerich Co | 2024-02-29 | Add | +0.01% | 11.47 ($15.6) 17.47 | $15.88 | 1.79% | Add 0.15% | 18,188,102 | 26,518 | |
OXY | Occidental Petroleum Corp | 2023-11-30 | Reduce | -1.24% | 59.15 ($63.04) 67.3 | $56.84 | -9.84% | Reduce -14.99% | 5,209,637 | -918,825 | |
WAL | Western Alliance Bancorp | 2023-11-30 | New Buy | +1.21% | 40.1 ($46.12) 51.39 | $80.44 | 74.41% | New holding | 1,049,360 | 1,049,360 | |
COP | ConocoPhillips | 2023-11-30 | Reduce | -1.16% | 111.99 ($119.31) 126.59 | $112.43 | -5.77% | Reduce -20.98% | 1,707,805 | -453,520 | |
FITB | Fifth Third Bancorp | 2023-11-30 | New Buy | +1.13% | 22.89 ($25.67) 28.95 | $41.71 | 62.49% | New holding | 1,729,502 | 1,729,502 | |
MTB | M&T Bank Corp | 2023-11-30 | New Buy | +1.11% | 108.94 ($122.3) 129.61 | $167.40 | 36.88% | New holding | 383,863 | 383,863 | |
PFE | Pfizer Inc | 2023-11-30 | Sold Out | -0.99% | 28.98 ($32.02) 35.78 | $28.82 | -9.99% | Sold Out | 0 | -1,292,486 | |
LEN | Lennar Corp | 2023-11-30 | Reduce | -0.76% | 103.07 ($115.64) 128.3 | $182.36 | 57.70% | Reduce -10.97% | 2,402,370 | -296,138 | |
DHI | D.R. Horton Inc | 2023-11-30 | Reduce | -0.75% | 100.66 ($113.29) 128.9 | $187.54 | 65.54% | Reduce -11.26% | 2,305,579 | -292,481 | |
AMGN | Amgen Inc | 2023-11-30 | Reduce | -0.65% | 249.01 ($267.71) 286.88 | $326.93 | 22.12% | Reduce -11.36% | 912,041 | -116,917 | |
DVN | Devon Energy Corp | 2023-11-30 | Add | +0.62% | 42.85 ($47.42) 53.5 | $44.65 | -5.84% | Add 22.18% | 3,383,280 | 614,228 | |
WBD | Warner Bros. Discovery Inc | 2023-11-30 | Reduce | -0.58% | 9.4 ($10.76) 13.14 | $8.11 | -24.63% | Reduce -18.75% | 8,882,138 | -2,050,360 | |
APA | APA Corp | 2023-11-30 | Add | +0.54% | 35.85 ($40.09) 45.32 | $28.43 | -29.08% | Add 16.75% | 4,644,794 | 666,501 | |
TGT | Target Corp | 2023-11-30 | Reduce | -0.53% | 105.01 ($116.24) 133.81 | $158.68 | 36.51% | Reduce -16.91% | 961,328 | -195,618 | |
AXP | American Express Co | 2023-11-30 | Reduce | -0.46% | 141.31 ($154.16) 170.77 | $255.03 | 65.43% | Reduce -8.23% | 1,495,307 | -134,032 | |
BAC | Bank of America Corp | 2023-11-30 | Add | +0.44% | 25.17 ($27.83) 30.49 | $39.67 | 42.54% | Add 11.73% | 6,167,320 | 647,255 | |
SPG | Simon Property Group Inc | 2023-11-30 | Reduce | -0.32% | 103.37 ($112.76) 124.89 | $168.05 | 49.03% | Reduce -6.04% | 2,037,652 | -130,946 | |
MRK | Merck & Co Inc | 2023-11-30 | Reduce | -0.26% | 100.18 ($104.19) 109.84 | $116.50 | 11.81% | Reduce -4.08% | 2,587,643 | -109,944 | |
NVR | NVR Inc | 2023-11-30 | Reduce | -0.18% | 5377.29 ($5986.85) 6509.35 | $9,076.03 | 51.60% | Reduce -3.53% | 34,971 | -1,281 | |
MAC | Macerich Co | 2023-11-30 | Reduce | -0.17% | 9.71 ($11) 12.23 | $15.88 | 44.36% | Reduce -3.53% | 18,161,584 | -665,245 | |
JPM | JPMorgan Chase & Co | 2023-11-30 | Reduce | -0.14% | 135.69 ($146.15) 156.08 | $220.18 | 50.65% | Reduce -3.53% | 1,232,267 | -45,110 | |
EBAY | eBay Inc | 2023-11-30 | Reduce | -0.10% | 37.99 ($41.87) 45.1 | $59.37 | 41.80% | Reduce -3.53% | 2,896,462 | -106,057 | |
HD | The Home Depot Inc | 2023-11-30 | Reduce | -0.10% | 276.46 ($302.93) 333.08 | $373.18 | 23.19% | Reduce -3.53% | 401,446 | -14,704 | |
UHAL.B | U-Haul Holding Co | 2023-11-30 | Reduce | -0.08% | 46.65 ($51.58) 54.85 | $67.61 | 31.08% | Reduce -3.45% | 1,840,476 | -65,683 | |
OVV | Ovintiv Inc | 2023-11-30 | Add | +0.07% | 43.85 ($46.92) 51.28 | $43.24 | -7.84% | Add 1.54% | 4,900,736 | 74,185 | |
CACC | Credit Acceptance Corp | 2023-11-30 | Reduce | -0.06% | 397.06 ($447.24) 510.19 | $473.26 | 5.82% | Reduce -3.54% | 161,636 | -5,929 | |
QCOM | Qualcomm Inc | 2023-11-30 | Reduce | -0.06% | 104.78 ($115.03) 129.51 | $173.93 | 51.20% | Reduce -3.53% | 662,170 | -24,237 | |
BRK.B | Berkshire Hathaway Inc | 2023-11-30 | Reduce | -0.05% | 331.71 ($353.13) 370.48 | $460.63 | 30.44% | Reduce -3.53% | 164,856 | -6,036 | |
UHAL | U-Haul Holding Co | 2023-11-30 | Reduce | -0.02% | 48.72 ($54.5) 58.54 | $70.58 | 29.50% | Reduce -3.85% | 473,200 | -18,934 | |
DVN | Devon Energy Corp | 2023-08-31 | Add | +0.56% | 46.78 ($49.95) 54 | $44.65 | -10.61% | Add 22.46% | 2,769,052 | 507,938 | |
OXY | Occidental Petroleum Corp | 2023-08-31 | Add | +0.08% | 56.07 ($60.75) 65.84 | $56.84 | -6.44% | Add 1.03% | 6,128,462 | 62,422 | |
LEN | Lennar Corp | 2023-08-31 | Add | +0.07% | 108.14 ($121.94) 133.24 | $182.36 | 49.55% | Add 1.03% | 2,698,508 | 27,504 | |
DHI | D.R. Horton Inc | 2023-08-31 | Add | +0.07% | 108.48 ($120.89) 131 | $187.54 | 55.13% | Add 1.03% | 2,598,060 | 26,432 | |
AXP | American Express Co | 2023-08-31 | Add | +0.06% | 157.79 ($168.02) 178.04 | $255.03 | 51.79% | Add 1.03% | 1,629,339 | 16,603 | |
COP | ConocoPhillips | 2023-08-31 | Add | +0.06% | 99.53 ($109.84) 119.03 | $112.43 | 2.36% | Add 1.03% | 2,161,325 | 21,985 | |
MRK | Merck & Co Inc | 2023-08-31 | Add | +0.06% | 105 ($109.24) 115.39 | $116.50 | 6.65% | Add 1.03% | 2,697,587 | 27,477 | |
AMGN | Amgen Inc | 2023-08-31 | Add | +0.06% | 214.27 ($236.66) 266.01 | $326.93 | 38.14% | Add 1.03% | 1,028,958 | 10,464 | |
MAC | Macerich Co | 2023-08-31 | Add | +0.05% | 9.49 ($11.69) 12.9 | $15.88 | 35.84% | Add 1.03% | 18,826,829 | 191,809 | |
NVR | NVR Inc | 2023-08-31 | Add | +0.05% | 5570.61 ($6155.25) 6466 | $9,076.03 | 47.45% | Add 1.03% | 36,252 | 368 | |
SPG | Simon Property Group Inc | 2023-08-31 | Add | +0.05% | 103.4 ($116.14) 125.44 | $168.05 | 44.70% | Add 1.03% | 2,168,598 | 22,058 | |
OVV | Ovintiv Inc | 2023-08-31 | Add | +0.05% | 34.09 ($41.89) 48.96 | $43.24 | 3.22% | Add 1.03% | 4,826,551 | 49,177 | |
APA | APA Corp | 2023-08-31 | Add | +0.04% | 32.04 ($38.19) 44.88 | $28.43 | -25.56% | Add 1.03% | 3,978,293 | 40,453 | |
JPM | JPMorgan Chase & Co | 2023-08-31 | Add | +0.04% | 137.58 ($148.03) 158 | $220.18 | 48.74% | Add 1.03% | 1,277,377 | 13,004 | |
WBD | Warner Bros. Discovery Inc | 2023-08-31 | Add | +0.03% | 11.35 ($12.89) 14.47 | $8.11 | -37.08% | Add 1.03% | 10,932,498 | 111,343 | |
UHAL.B | U-Haul Holding Co | 2023-08-31 | Add | +0.03% | 45.26 ($52.74) 58.83 | $67.61 | 28.19% | Add 1.23% | 1,906,159 | 23,150 | |
TGT | Target Corp | 2023-08-31 | Add | +0.03% | 121.79 ($131.11) 137.84 | $158.68 | 21.03% | Add 1.03% | 1,156,946 | 11,798 |
Total 207
Smead Value Fund News
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