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Data sourced from SEC EDGAR 13F filings

PricingTermsPrivacy© 2026 Super Investor · Not financial advice

Bill Smead – Smead Capital Management, Inc.

Period:
Q2 2026
Portfolio date:
Jun 30, 2026
No. of stocks:
32
Portfolio value:
$4,661,977,000
Filed:
Aug 11, 2026
Style:
Concentrated Value
HistStockActivityShare change% change to portfolio
Q2 2026filed Aug 11, 263 new6 added19 reduced2 exited
≡APA – APA CORPORATIONReduce 6.00%−461,247−2.18
≡ZTS – ZOETIS INCBuy1,233,2101.90
≡EBAY – EBAY INC.Reduce 54.00%−955,571−1.55
≡QCOM – QUALCOMM INCSell−545,810−1.53
≡OXY – OCCIDENTAL PETE CORPReduce 11.00%−356,761−1.51
≡CVE – CENOVUS ENERGY INCReduce 10.00%−1,497,372−1.47
≡COP – CONOCOPHILLIPSReduce 6.00%−93,457−1.28
≡MAC – MACERICH COReduce 6.00%−673,6201.21
≡NVR – NVR INCAdd 31.00%6,7101.04
≡FITB – FIFTH THIRD BANCORPAdd 12.00%340,4010.97
≡LEN – LENNAR CORPAdd 27.00%434,2160.93
≡FANG – DIAMONDBACK ENERGY INCReduce 6.00%−59,339−0.79
≡CACC – CREDIT ACCEP CORP MICHReduce 6.00%−11,6620.78
≡WAL – WESTERN ALLIANCE BANCORPAdd 18.00%239,0870.72
≡DHI – D R HORTON INCReduce 6.00%−83,5020.47
≡SPG – SIMON PPTY GROUP INC NEWReduce 10.00%−160,1350.39
≡ULTA – ULTA BEAUTY INCReduce 6.00%−6,919−0.28
≡BAC – BANK OF AMER CORPReduce 6.00%−152,8510.26
≡AMGN – AMGEN INCReduce 6.00%−38,678−0.22
≡AXP – AMERICAN EXPRESS COReduce 6.00%−33,5800.16
≡GTX – GARRETT MOTION INCAdd 8.00%20,1540.11
≡JPM – JPMORGAN CHASE & COReduce 6.00%−23,1940.10
≡MTB – M & T BK CORPReduce 6.00%−16,2750.10
≡OCCIDENTAL PETE CORPBuy65,3450.04
≡MRK – MERCK & CO INCReduce 6.00%−136,930−0.03
≡IWD – ISHARES TRSell−6,264−0.03
≡ISHARES TRBuy4,9560.03
≡WFG – WEST FRASER TIMBER CO LTDAdd 8.00%9,1000.02
≡TGT – TARGET CORPReduce 6.00%−82,7040.01
≡HD – HOME DEPOT INCReduce 6.00%−17,180−0.00
Q1 2026filed May 14, 264 added25 reduced
≡APA – APA CORPORATIONReduce 13.00%−1,233,2242.81
≡CVE – CENOVUS ENERGY INCReduce 11.00%−1,895,9752.69
≡AXP – AMERICAN EXPRESS COReduce 22.00%−165,788−1.93
≡OXY – OCCIDENTAL PETE CORPReduce 12.00%−451,4831.43
Q4 2025filed Feb 9, 261 new3 added25 reduced3 exited
≡OVV – OVINTIV INCSell−3,459,320−2.70
≡FITB – FIFTH THIRD BANCORPAdd 100.00%1,624,1381.76
≡MRK – MERCK & CO INCReduce 6.00%−196,3741.28
≡DVN – DEVON ENERGY CORP NEWSell−1,478,887
Q3 2025filed Nov 10, 251 new3 added27 reduced
≡CROX – CROCS INCBuy634,0821.02
≡DHI – D R HORTON INCReduce 7.00%−140,6820.91
≡APA – APA CORPORATIONReduce 7.00%−779,6560.76
≡FANG – DIAMONDBACK ENERGY INCAdd 25.00%258,7380.73
Q2 2025filed Aug 14, 253 new6 added21 reduced4 exited
≡FANG – DIAMONDBACK ENERGY INCBuy1,053,6752.90
≡DVN – DEVON ENERGY CORP NEWReduce 58.00%−3,305,636−2.13
≡BRK.B – BERKSHIRE HATHAWAY INC DELSell−189,065−1.73
≡OXY – OCCIDENTAL PETE CORPReduce 31.00%−1,866,990
Q1 2025filed May 14, 251 new1 added22 reduced1 exited
≡AMGN – AMGEN INCReduce 9.00%−99,0420.96
≡LEN – LENNAR CORPReduce 9.00%−226,072−0.83
≡MAC – MACERICH COReduce 9.00%−1,735,476−0.80
≡MRP – MILLROSE PPTYS INCBuy1,186,210
Q4 2024filed Feb 12, 254 new2 added4 reduced
≡ULTA – ULTA BEAUTY INCBuy204,8911.38
≡APA – APA CORPORATIONAdd 31.00%3,013,9531.17
≡SIRI – SIRIUSXM HOLDINGS INCBuy2,680,4950.95
≡TGT – TARGET CORPAdd 20.00%247,229
Q3 2024filed Nov 7, 242 added2 exited
≡WBD – WARNER BROS DISCOVERY INCSell−6,967,843−0.81
≡CVE – CENOVUS ENERGY INCAdd 39.00%4,351,9600.28
≡MRK – MERCK & CO INCAdd 14.00%421,646−0.24
≡GOOS – CANADA GOOSE HLDGS INCSell−309,861−0.06
Q2 2024filed Aug 9, 2421 added4 reduced
≡CVE – CENOVUS ENERGY INCAdd 156.00%6,742,0852.05
≡AMGN – AMGEN INCAdd 6.00%59,4560.76
≡DHI – D R HORTON INCAdd 6.00%127,519−0.57
≡AXP – AMERICAN EXPRESS COReduce 11.00%−186,321−0.56
Q1 2024filed Jul 16, 246 added5 reduced1 exited
≡CVE – CENOVUS ENERGY INCAdd 615.00%3,717,1981.17
≡DHI – D R HORTON INCReduce 11.00%−297,853−1.17
≡WBD – WARNER BROS DISCOVERY INCReduce 34.00%−3,415,386−1.14
≡DVN – DEVON ENERGY CORP NEWAdd 41.00%1,572,1181.12
Q4 2023filed Jan 31, 244 new3 added7 reduced1 exited
≡OXY – OCCIDENTAL PETE CORPReduce 11.00%−768,064−2.61
≡COP – CONOCOPHILLIPSReduce 17.00%−402,749−1.69
≡WAL – WESTERN ALLIANCE BANCORPBuy1,184,9361.40
≡FITB – FIFTH THIRD BANCORPBuy1,952,849
Q3 2023filed Nov 13, 232 new1 added
≡DVN – DEVON ENERGY CORP NEWAdd 28.00%714,5050.73
≡WFG – WEST FRASER TIMBER CO LTDBuy98,5790.15
≡GOOS – CANADA GOOSE HLDGS INCBuy236,9120.07
≡
JPM – JPMORGAN CHASE & CO
Reduce 26.00%
−146,698
−1.10
≡COP – CONOCOPHILLIPSReduce 13.00%−246,2421.07
≡LEN – LENNAR CORPReduce 13.00%−236,066−0.89
≡FANG – DIAMONDBACK ENERGY INCReduce 13.00%−158,4440.77
≡QCOM – QUALCOMM INCReduce 13.00%−81,127−0.70
≡BAC – BANK AMERICA CORPReduce 13.00%−410,119−0.69
≡DHI – D R HORTON INCReduce 13.00%−222,202−0.67
≡NVR – NVR INCReduce 13.00%−3,207−0.66
≡WAL – WESTERN ALLIANCE BANCORPReduce 13.00%−201,352−0.63
≡SPG – SIMON PPTY GROUP INC NEWReduce 13.00%−231,470−0.55
≡TGT – TARGET CORPReduce 13.00%−221,2620.46
≡ULTA – ULTA BEAUTY INCReduce 13.00%−18,582−0.38
≡MAC – MACERICH COReduce 13.00%−1,808,473−0.35
≡HD – HOME DEPOT INCReduce 13.00%−45,480−0.32
≡UHAL.B – U HAUL HOLDING COMPANYReduce 13.00%−320,586−0.31
≡FITB – FIFTH THIRD BANCORPReduce 13.00%−418,716−0.30
≡MRK – MERCK & CO INCReduce 13.00%−366,9020.27
≡CACC – CREDIT ACCEP CORP MICHAdd 12.00%22,1360.21
≡EBAY – EBAY INC.Reduce 13.00%−261,392−0.17
≡CROX – CROCS INCReduce 13.00%−77,520−0.12
≡AMGN – AMGEN INCReduce 13.00%−103,877−0.10
≡WFG – WEST FRASER TIMBER LTDAdd 110.00%60,1000.09
≡MTB – M & T BK CORPReduce 13.00%−43,734−0.09
≡UNH – UNITEDHEALTH GROUP INCAdd 12.00%38,379−0.07
≡IWD – ISHARES TRAdd 43.00%1,8720.01
−1.00
≡DHI – D R HORTON INCReduce 6.00%−119,238−0.88
≡LEN – LENNAR CORPReduce 6.00%−126,558−0.86
≡AMGN – AMGEN INCReduce 6.00%−55,5880.77
≡AXP – AMERICAN EXPRESS COReduce 7.00%−53,4210.63
≡COP – CONOCOPHILLIPSAdd 9.00%164,0600.52
≡WAL – WESTERN ALLIANCE BANCORPAdd 17.00%223,7070.48
≡OXY – OCCIDENTAL PETE CORPReduce 6.00%−242,783−0.45
≡HD – HOME DEPOT INCReduce 7.00%−24,587−0.43
≡NVR – NVR INCReduce 6.00%−1,717−0.36
≡TGT – TARGET CORPReduce 6.00%−116,4990.30
≡BAC – BANK AMERICA CORPReduce 6.00%−219,6240.24
≡FANG – DIAMONDBACK ENERGY INCReduce 6.00%−84,6410.20
≡UHAL.B – U HAUL HOLDING COMPANYReduce 6.00%−169,816−0.20
≡ULTA – ULTA BEAUTY INCReduce 6.00%−9,9460.18
≡EBAY – EBAY INC.Reduce 6.00%−140,849−0.15
≡MAC – MACERICH COReduce 6.00%−968,1190.10
≡JPM – JPMORGAN CHASE & CO.Reduce 7.00%−39,1550.10
≡WFG – WEST FRASER TIMBER CO LTDReduce 55.00%−65,700−0.09
≡GTX – GARRETT MOTION INCBuy244,2610.09
≡UNH – UNITEDHEALTH GROUP INCReduce 6.00%−21,395−0.09
≡CACC – CREDIT ACCEP CORP MICHReduce 6.00%−13,068−0.08
≡QCOM – QUALCOMM INCReduce 6.00%−43,4490.07
≡SPG – SIMON PPTY GROUP INC NEWReduce 6.00%−124,175−0.06
≡APA – APA CORPORATIONReduce 6.00%−658,5340.06
≡MTB – M & T BK CORPReduce 6.00%−23,4080.03
≡CROX – CROCS INCReduce 6.00%−39,3920.03
≡VTV – VANGUARD INDEX FDSSell−1,317−0.00
≡IWD – ISHARES TRReduce 20.00%−1,114−0.00
≡TGT – TARGET CORPReduce 7.00%−142,682−0.73
≡UNH – UNITEDHEALTH GROUP INCAdd 31.00%77,6800.63
≡OVV – OVINTIV INCReduce 21.00%−896,260−0.62
≡CVE – CENOVUS ENERGY INCReduce 7.00%−1,162,3350.59
≡EBAY – EBAY INC.Reduce 26.00%−758,661−0.55
≡DVN – DEVON ENERGY CORP NEWReduce 38.00%−921,799−0.53
≡UHAL.B – U HAUL HOLDING COMPANYReduce 7.00%−205,556−0.50
≡AMGN – AMGEN INCReduce 7.00%−65,584−0.49
≡CACC – CREDIT ACCEP CORP MICHReduce 7.00%−15,409−0.39
≡AXP – AMERICAN EXPRESS COReduce 7.00%−62,880−0.38
≡SPG – SIMON PPTY GROUP INC NEWReduce 7.00%−146,5140.31
≡MRK – MERCK & CO INCReduce 7.00%−232,644−0.26
≡COP – CONOCOPHILLIPSReduce 7.00%−133,960−0.19
≡QCOM – QUALCOMM INCReduce 7.00%−51,293−0.15
≡MTB – M & T BK CORPReduce 7.00%−27,610−0.13
≡NVR – NVR INCReduce 7.00%−2,024−0.10
≡LEN – LENNAR CORPReduce 7.00%−149,0570.10
≡JPM – JPMORGAN CHASE & CO.Reduce 7.00%−46,056−0.09
≡BAC – BANK AMERICA CORPReduce 7.00%−259,344−0.08
≡ULTA – ULTA BEAUTY INCReduce 7.00%−11,7350.07
≡OXY – OCCIDENTAL PETE CORPReduce 7.00%−284,6620.04
≡MAC – MACERICH COReduce 7.00%−1,142,0780.04
≡FITB – FIFTH THIRD BANCORPReduce 7.00%−124,354−0.04
≡HD – HOME DEPOT INCReduce 7.00%−28,867−0.03
≡IWD – ISHARES TRAdd 57.00%2,0100.01
≡WAL – WESTERN ALLIANCE BANCORPReduce 7.00%−102,011−0.01
≡VTV – VANGUARD INDEX FDSReduce 14.00%−213−0.00
−1.61
≡UNH – UNITEDHEALTH GROUP INCBuy252,4381.58
≡OVV – OVINTIV INCReduce 28.00%−1,694,018−1.12
≡CVE – CENOVUS ENERGY INCAdd 13.00%2,056,1631.09
≡TGT – TARGET CORPAdd 20.00%334,8170.97
≡SIRI – SIRIUSXM HOLDINGS INCSell−2,450,931−0.95
≡QCOM – QUALCOMM INCAdd 18.00%108,5830.69
≡UHAL.B – U HAUL HOLDING COMPANYAdd 18.00%441,2640.66
≡WAL – WESTERN ALLIANCE BANCORPAdd 19.00%231,1590.65
≡BAC – BANK AMERICA CORPReduce 36.00%−2,011,673−0.59
≡CACC – CREDIT ACCEP CORP MICHAdd 17.00%31,4380.57
≡MRP – MILLROSE PPTYS INCSell−1,186,210−0.54
≡EBAY – EBAY INC.Reduce 12.00%−390,9370.51
≡APA – APA CORPORATIONReduce 12.00%−1,463,592−0.46
≡COP – CONOCOPHILLIPSReduce 12.00%−251,932−0.46
≡AMGN – AMGEN INCReduce 12.00%−123,046−0.43
≡JPM – JPMORGAN CHASE & CO.Reduce 34.00%−339,152−0.39
≡ULTA – ULTA BEAUTY INCReduce 12.00%−22,0090.37
≡UHAL – U HAUL HOLDING COMPANYSell−209,649−0.23
≡DHI – D R HORTON INCReduce 12.00%−263,8210.22
≡NVR – NVR INCReduce 12.00%−3,7970.20
≡MTB – M & T BK CORPReduce 12.00%−51,7570.16
≡MAC – MACERICH COReduce 12.00%−2,140,279−0.15
≡FITB – FIFTH THIRD BANCORPReduce 12.00%−233,1840.11
≡HD – HOME DEPOT INCReduce 12.00%−54,0520.09
≡LEN – LENNAR CORPReduce 12.00%−279,577−0.03
≡FRO – FRONTLINE PLCReduce 14.00%−94,8040.02
≡SPG – SIMON PPTY GROUP INC NEWReduce 12.00%−274,779−0.02
≡AXP – AMERICAN EXPRESS COReduce 28.00%−343,542−0.01
≡IWD – ISHARES TRReduce 46.00%−2,944−0.01
≡VTV – VANGUARD INDEX FDSBuy1,5300.01
0.54
≡AXP – AMERICAN EXPRESS COReduce 9.00%−116,157−0.52
≡NVR – NVR INCReduce 9.00%−3,072−0.47
≡DHI – D R HORTON INCReduce 9.00%−213,245−0.44
≡EBAY – EBAY INC.Reduce 9.00%−314,4240.36
≡BRK.B – BERKSHIRE HATHAWAY INC DELReduce 9.00%−17,8890.27
≡UHAL – U HAUL HOLDING COMPANYReduce 53.00%−238,318−0.24
≡ULTA – ULTA BEAUTY INCReduce 9.00%−17,724−0.21
≡TGT – TARGET CORPAdd 10.00%147,139−0.19
≡SPG – SIMON PPTY GROUP INC NEWReduce 9.00%−221,491−0.18
≡BAC – BANK AMERICA CORPReduce 9.00%−535,374−0.17
≡CACC – CREDIT ACCEP CORP MICHReduce 9.00%−17,5340.16
≡HD – HOME DEPOT INCReduce 9.00%−43,550−0.15
≡JPM – JPMORGAN CHASE & CO.Reduce 9.00%−93,3730.14
≡WAL – WESTERN ALLIANCE BANCORPReduce 9.00%−114,123−0.12
≡FITB – FIFTH THIRD BANCORPReduce 9.00%−187,830−0.09
≡MTB – M & T BK CORPReduce 9.00%−41,742−0.06
≡QCOM – QUALCOMM INCReduce 9.00%−58,1700.02
≡OXY – OCCIDENTAL PETE CORPReduce 9.00%−612,7390.01
≡VTV – VANGUARD INDEX FDSSell−4,726−0.01
≡SIRI – SIRIUSXM HOLDINGS INCReduce 9.00%−229,564−0.00
≡IWD – ISHARES TRReduce 11.00%−807−0.00
0.36
≡BAC – BANK AMERICA CORPReduce 22.00%−1,739,446−0.27
≡JPM – JPMORGAN CHASE & CO.Reduce 23.00%−328,993−0.22
≡UHAL – U HAUL HOLDING COMPANYReduce 18.00%−95,266−0.12
≡AXP – AMERICAN EXPRESS COReduce 17.00%−285,049−0.12
≡IWD – ISHARES TRBuy7,2470.02
≡VTV – VANGUARD INDEX FDSBuy4,7260.01
≡LEN – LENNAR CORPAdd 6.00%135,126−0.52
≡BAC – BANK AMERICA CORPAdd 6.00%402,2710.46
≡MAC – MACERICH COAdd 6.00%1,035,296−0.27
≡JPM – JPMORGAN CHASE & CO.Reduce 6.00%−89,124−0.23
≡OVV – OVINTIV INCAdd 6.00%319,472−0.22
≡EBAY – EBAY INC.Add 6.00%188,8990.21
≡COP – CONOCOPHILLIPSAdd 6.00%111,331−0.20
≡HD – HOME DEPOT INCAdd 6.00%26,172−0.15
≡SPG – SIMON PPTY GROUP INC NEWAdd 6.00%132,8320.14
≡APA – APA CORPORATIONAdd 20.00%1,582,1230.13
≡MTB – M & T BK CORPAdd 6.00%25,0340.10
≡WBD – WARNER BROS DISCOVERY INCAdd 6.00%365,382−0.09
≡UHAL.B – U HAUL HOLDING COMPANYAdd 7.00%150,979−0.08
≡NVR – NVR INCAdd 6.00%1,834−0.04
≡FITB – FIFTH THIRD BANCORPAdd 6.00%112,7470.04
≡WAL – WESTERN ALLIANCE BANCORPAdd 6.00%68,4480.04
≡WFG – WEST FRASER TIMBER CO LTDReduce 10.00%−11,805−0.03
≡BRK.B – BERKSHIRE HATHAWAY INC DELAdd 6.00%10,7470.03
≡CACC – CREDIT ACCEP CORP MICHAdd 6.00%10,537−0.02
≡DVN – DEVON ENERGY CORP NEWAdd 6.00%297,913−0.01
≡QCOM – QUALCOMM INCReduce 15.00%−115,4830.01
≡APA – APA CORPORATIONAdd 48.00%2,523,3300.80
≡NVR – NVR INCReduce 16.00%−6,320−0.76
≡LEN – LENNAR CORPReduce 10.00%−269,937−0.69
≡MAC – MACERICH COReduce 9.00%−1,794,807−0.64
≡FRO – FRONTLINE PLCAdd 23.00%113,8990.04
≡SPY – SPDR S&P 500 ETF TRSell−2,944−0.03
≡WFG – WEST FRASER TIMBER CO LTDAdd 23.00%22,8900.01
≡GOOS – CANADA GOOSE HLDGS INCAdd 23.00%55,1290.00
1.21
≡MTB – M & T BK CORPBuy433,4561.06
≡PFE – PFIZER INCSell−1,397,536−0.95
≡DHI – D R HORTON INCReduce 7.00%−201,4020.93
≡BAC – BANK AMERICA CORPAdd 17.00%994,0720.86
≡AMGN – AMGEN INCReduce 7.00%−80,556−0.78
≡WBD – WARNER BROS DISCOVERY INCReduce 15.00%−1,805,375−0.58
≡LEN – LENNAR CORPReduce 7.00%−200,0770.57
≡APA – APA CORPORATIONAdd 14.00%626,460−0.50
≡DVN – DEVON ENERGY CORP NEWAdd 17.00%546,433−0.09
≡TGT – TARGET CORPReduce 12.00%−154,671−0.03
≡SPY – SPDR S&P 500 ETF TRBuy2,9440.03