Asset Manager · CIK 0001427008
Bill Smead
Smead Capital
Bill Smead runs Smead Capital, an asset manager overseeing $4.82B in disclosed equity holdings (SEC CIK 0001427008). The latest portfolio (2025Q4) discloses 32 positions across 8 sectors, with the largest positions in SPG, MRK and AXP. On a mark-to-market basis the tracked portfolio has returned 8.2% over the past year. OpenStocks tracks 40 consecutive quarterly snapshots for this manager — every position change, new entry, and exit is logged below.
Portfolio
$4.82B
Positions
32
Quarter
2025Q4
Filings tracked
40
Capital flow per quarter
BuysSellsNet
Latest · 2025Q4
-$355M
Lifetime buys
$4.89B
Lifetime sells
$4.89B
Quarter activity
What changed in 2023Q2 - net new, added, trimmed, exited.
New positions0 names
—
Added to6 names
Trimmed22 names
- NVRNVR INC−13,487$85.7M
- OXYOCCIDENTAL PETE CORP−98,790$5.8M
- LENLENNAR CORP−44,857$5.6M
- DHID R HORTON INC−42,617$5.2M
- SPGSIMON PPTY GROUP INC NEW−38,290$4.4M
- MRKMERCK & CO INC−37,019$4.3M
- AXPAMERICAN EXPRESS CO−24,480$4.3M
- MACMACERICH CO−371,951$4.2M
- COPCONOCOPHILLIPS−39,414$4.1M
- BACBK OF AMERICA CORP−105,458$3.0M
- AMGNAMGEN INC−13,398$3.0M
- JPMJPMORGAN CHASE & CO−20,439$3.0M
- + 10 more…
Exited1 name
- CVXCHEVRON CORP NEW−851,066$138.9M
Recent transactions
Last 20 moves
ADD
WESTERN ALLIANCE BANCORP
+223,707
~$84.07 · 2025Q4
2026-02-09
