Smead Capital Management, Inc. — 13F holdings

Smead Capital Management, Inc. reported 31 holdings worth $4.71B in its 13F filing for Q3 2026, filed October 16, 2026.

Largest positions

1. CVE Cenovus Energy Inc — $422M (9.0%)
2. MRK MERCK & CO INC — $335M (7.1%)
3. APA APA CORPORATION — $320M (6.8%)
4. MAC MACERICH CO — $253M (5.4%)
5. SPG SIMON PPTY GROUP INC NEW — $252M (5.4%)
6. AMGN AMGEN INC — $247M (5.3%)
7. COP CONOCOPHILLIPS — $195M (4.1%)
8. TGT TARGET CORP — $193M (4.1%)
9. DHI D R HORTON INC — $191M (4.1%)
10. LEN LENNAR CORP — $186M (4.0%)