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 2025Q4 — net new, added, trimmed, exited.
New positions1 name
- GTXGARRETT MOTION INC+244,261$4.3M
Added to4 names
Trimmed27 names
- SPGSIMON PPTY GROUP INC NEW−124,175$23.0M
- MRKMERCK & CO INC−196,374$20.7M
- AXPAMERICAN EXPRESS CO−53,421$19.8M
- AMGNAMGEN INC−55,588$18.2M
- MACMACERICH CO−968,119$17.9M
- DHID R HORTON INC−119,238$17.2M
- APAAPA CORPORATION−658,534$16.1M
- LENLENNAR CORP−126,558$13.0M
- FANGDIAMONDBACK ENERGY INC−84,641$12.7M
- JPMJPMORGAN CHASE & CO−39,155$12.6M
- NVRNVR INC−1,717$12.5M
- EBAYEBAY INC.−140,849$12.3M
- + 15 more…
Recent transactions
Last 20 moves
ADD
WESTERN ALLIANCE BANCORP
+223,707
~$84.07 · 2025Q4
2026-02-09
