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 2024Q1 — net new, added, trimmed, exited.
New positions0 names
—
Added to26 names
- APAAPA CORPORATION+2,523,330$86.8M
- DVNDEVON ENERGY CORP NEW+1,572,118$78.9M
- CVECENOVUS ENERGY INC+3,717,198$74.3M
- AXPAMERICAN EXPRESS CO+78,581$17.9M
- OXYOCCIDENTAL PETE CORP+262,057$17.0M
- MRKMERCK & CO INC+124,503$16.4M
- SPGSIMON PPTY GROUP INC NEW+98,169$15.4M
- OVVOVINTIV INC+246,686$12.8M
- AMGNAMGEN INC+44,083$12.5M
- JPMJPMORGAN CHASE & CO+59,893$12.0M
- BACBK OF AMERICA CORP+301,400$11.4M
- COPCONOCOPHILLIPS+82,032$10.4M
- + 14 more…
Trimmed6 names
Exited1 name
- SPYSPDR S&P 500 ETF TR−2,944$1.4M
Recent transactions
Last 20 moves
ADD
WESTERN ALLIANCE BANCORP
+223,707
~$84.07 · 2025Q4
2026-02-09
