Smead Value Fund

Smead Value Fund | SMVLX

Mutual Fund
Smead Value Fund
Last update 2024-01-23 27 Stocks (3 new)
Value $4.43 Bil Turnover 5 %
Countries:
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's Portfolio

Smead Value Fund Current Holdings

Add To Portfolio
Ticker
Company
Shares
Value ($1000)
Shares Change %
Weighting %
Trade Impact %
% of Shares outstanding
3M Change %
YTD Change %
Market Cap $Mil
Industry
WAL
Western Alliance Bancorp
1,049,360
53,748.22
New Holding
1.21
+1.21%
0.96
-3.89%
-1.83%
7,072.48
Banks
FITB
Fifth Third Bancorp
1,729,502
50,069.08
New Holding
1.13
+1.13%
0.25
+7.97%
+8.94%
25,434.90
Banks
MTB
M&T Bank Corp
383,863
49,199.72
New Holding
1.11
+1.11%
0.23
+6.08%
+7.09%
24,233.36
Banks
DVN
Devon Energy Corp
3,383,280
152,146.10
+22.18%
3.43
+0.62%
0.53
+10.69%
+11.81%
31,864.30
Oil & Gas
APA
APA Corp
4,644,794
167,212.58
+16.75%
3.77
+0.54%
1.53
-4.01%
-3.42%
10,364.39
Oil & Gas
BAC
Bank of America Corp
6,167,320
188,041.59
+11.73%
4.24
+0.44%
0.08
+12.71%
+13.42%
299,213.03
Banks
OVV
Ovintiv Inc
4,900,736
217,298.63
+1.54%
4.90
+0.07%
1.80
+17.89%
+18.86%
13,958.69
Oil & Gas
UHAL.B
U-Haul Holding Co
1,840,476
99,661.78
-3.45%
2.25
-0.08%
0.94
-5.33%
-5.27%
13,091.34
Business Services
NVR
NVR Inc
34,971
215,260.14
-3.53%
4.86
-0.18%
1.10
+16.02%
+15.71%
25,904.17
Homebuilding & Construction
MAC
Macerich Co
18,161,584
208,313.37
-3.53%
4.70
-0.17%
8.43
+9.20%
+12.81%
3,716.86
REITs
JPM
JPMorgan Chase & Co
1,232,267
192,332.23
-3.53%
4.34
-0.14%
0.04
+18.34%
+18.48%
576,938.41
Banks
HD
The Home Depot Inc
401,446
125,849.31
-3.53%
2.84
-0.10%
0.04
+11.09%
+11.35%
380,153.65
Retail - Cyclical
EBAY
eBay Inc
2,896,462
118,783.91
-3.53%
2.68
-0.10%
0.56
+22.07%
+21.65%
27,340.04
Retail - Cyclical
QCOM
Qualcomm Inc
662,170
85,453.04
-3.53%
1.93
-0.06%
0.06
+16.65%
+17.64%
188,927.64
Semiconductors
BRK.B
Berkshire Hathaway Inc
164,856
59,348.16
-3.53%
1.34
-0.05%
0.01
+17.60%
+17.91%
908,919.49
Insurance
CACC
Credit Acceptance Corp
161,636
73,867.65
-3.54%
1.67
-0.06%
1.29
+3.25%
+3.53%
6,776.71
Credit Services
UHAL
U-Haul Holding Co
473,200
26,787.85
-3.85%
0.60
-0.02%
0.24
-6.19%
-5.93%
13,091.34
Business Services
MRK
Merck & Co Inc
2,587,643
265,181.65
-4.08%
5.98
-0.26%
0.10
+22.08%
+21.80%
334,182.36
Drug Manufacturers
SPG
Simon Property Group Inc
2,037,652
254,482.36
-6.04%
5.74
-0.32%
0.62
+9.87%
+11.13%
50,980.31
REITs
AXP
American Express Co
1,495,307
255,353.58
-8.23%
5.76
-0.46%
0.21
+21.63%
+21.93%
163,945.60
Credit Services
100/Page
Total 28

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