 | |
Smead Value Fund | SMVLXMutual Fund | |
| Smead Value Fund | |
| Last update 2025-01-27 | 29 Stocks (2 new) |
| Value $6.06 Bil | Turnover 5 % |
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's Portfolio
Smead Value Fund Current Holdings
| Ticker |
|---|
| Ticker |
ULTA |
SIRI |
APA |
TGT |
TSX:CVE |
MRK |
UHAL.B |
SPG |
LEN |
MAC |
DHI |
NVR |
OXY |
AMGN |
OVV |
COP |
EBAY |
DVN |
HD |
WAL |
| Ticker | | Company | Shares | Value ($1000) | Shares Change % | Weighting % | Trade Impact % | % of Shares outstanding | 3M Change % | YTD Change % | Market Cap $Mil | Industry |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | | Company | Shares | Value ($1000) | Shares Change % | Weighting % | Trade Impact % | % of Shares outstanding | 3M Change % | YTD Change % | Market Cap $Mil | Industry |
ULTA | Ulta Beauty Inc | 179,719 | 69,486.6 | New Holding | 1.150 | +1.15% | 0.390 | -8.18% | -11.79% | 17,321.9 | Retail - Cyclical | |
SIRI | Sirius XM Holdings Inc | 2,356,082 | 63,496.4 | New Holding | 1.050 | +1.05% | 0.690 | -0.28% | -3.96% | 7,338.7 | Media - Diversified | |
APA | APA Corp | 11,147,645 | 252,494.2 | +33.27% | 4.170 | +1.04% | 3.010 | -28.74% | -27.26% | 5,913.2 | Oil & Gas | |
TGT | Target Corp | 1,307,996 | 173,061.0 | +22.27% | 2.860 | +0.52% | 0.290 | -29.36% | -27.95% | 43,999.6 | Retail - Defensive | |
TSX:CVE | Cenovus Energy Inc | 12,449,110 | 197,208.3 | +16.19% | 3.250 | +0.45% | 0.680 | -20.46% | -22.44% | 30,524.6 | Oil & Gas | |
MRK | Merck & Co Inc | 2,894,973 | 294,245.1 | +9.26% | 4.850 | +0.41% | 0.110 | -12.66% | -16.11% | 208,206.5 | Drug Manufacturers | |
UHAL.B | U-Haul Holding Co | 2,106,129 | 131,506.7 | +0.78% | 2.170 | +0.02% | 1.120 | -17.09% | -15.05% | 10,359.7 | Business Services | |
SPG | Simon Property Group Inc | 2,243,801 | 411,961.9 | -1.04% | 6.800 | -0.07% | 0.690 | -8.98% | -7.90% | 51,110.5 | REITs | |
LEN | Lennar Corp | 2,282,885 | 398,112.3 | -1.04% | 6.570 | -0.07% | 0.860 | -18.00% | -14.02% | 28,195.6 | Homebuilding & Construction | |
MAC | Macerich Co | 17,491,029 | 370,984.7 | -1.04% | 6.120 | -0.05% | 6.930 | -27.06% | -24.86% | 3,746.8 | REITs | |
DHI | D.R. Horton Inc | 2,154,375 | 363,615.4 | -1.04% | 6.000 | -0.07% | 0.670 | -12.59% | -10.65% | 38,262.5 | Homebuilding & Construction | |
NVR | NVR Inc | 31,000 | 286,303.0 | -1.04% | 4.720 | -0.05% | 1.010 | -13.77% | -13.54% | 20,822.6 | Homebuilding & Construction | |
OXY | Occidental Petroleum Corp | 5,637,276 | 285,133.4 | -1.04% | 4.700 | -0.06% | 0.600 | -17.70% | -17.90% | 39,620.1 | Oil & Gas | |
AMGN | Amgen Inc | 1,004,343 | 284,098.5 | -1.04% | 4.690 | -0.06% | 0.190 | +2.79% | +8.62% | 150,868.6 | Drug Manufacturers | |
OVV | Ovintiv Inc | 5,396,545 | 245,111.1 | -1.04% | 4.040 | -0.04% | 2.070 | -22.16% | -13.73% | 9,025.4 | Oil & Gas | |
COP | ConocoPhillips | 1,880,601 | 203,744.3 | -1.04% | 3.360 | -0.04% | 0.150 | -9.20% | -6.76% | 115,949.2 | Oil & Gas | |
EBAY | eBay Inc | 3,190,907 | 201,952.5 | -1.04% | 3.330 | -0.03% | 0.670 | +5.13% | +9.99% | 31,608.8 | Retail - Cyclical | |
DVN | Devon Energy Corp | 5,032,955 | 191,000.6 | -1.04% | 3.150 | -0.04% | 0.770 | -12.20% | -3.53% | 20,168.4 | Oil & Gas | |
HD | The Home Depot Inc | 442,093 | 189,715.4 | -1.04% | 3.130 | -0.03% | 0.040 | -13.18% | -7.49% | 355,408.8 | Retail - Cyclical | |
WAL | Western Alliance Bancorp | 1,156,214 | 108,233.2 | -1.04% | 1.790 | -0.02% | 1.050 | -24.03% | -16.20% | 7,709.9 | Banks |
Total 29
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