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 2024Q4 - net new, added, trimmed, exited.
New positions4 names
Added to6 names
Trimmed24 names
- AXPAMERICAN EXPRESS CO−285,049$84.6M
- JPMJPMORGAN CHASE & CO−328,993$78.9M
- BACBK OF AMERICA CORP−1,739,446$76.4M
- SPGSIMON PPTY GROUP INC NEW−62,066$10.7M
- MACMACERICH CO−483,692$9.6M
- LENLENNAR CORP−63,350$8.6M
- DHID R HORTON INC−59,762$8.4M
- MRKMERCK & CO INC−80,259$8.0M
- OXYOCCIDENTAL PETE CORP−151,542$7.5M
- AMGNAMGEN INC−27,810$7.2M
- NVRNVR INC−863$7.1M
- UHALAMERCO−95,266$6.6M
- + 12 more…
Exited0 names
—
Recent transactions
Last 20 moves
ADD
WESTERN ALLIANCE BANCORP
+223,707
~$84.07 · 2025Q4
2026-02-09
