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 2025Q1 — net new, added, trimmed, exited.
New positions1 name
- MRPMILLROSE PPTYS INC+1,186,210$31.4M
Added to3 names
Trimmed30 names
- SPGSIMON PPTY GROUP INC NEW−221,491$36.8M
- AXPAMERICAN EXPRESS CO−116,157$31.3M
- AMGNAMGEN INC−99,042$30.9M
- OXYOCCIDENTAL PETE CORP−611,190$30.2M
- MACMACERICH CO−1,735,476$29.8M
- DHID R HORTON INC−213,245$27.1M
- LENLENNAR CORP−226,072$25.9M
- JPMJPMORGAN CHASE & CO−93,373$22.9M
- BACBK OF AMERICA CORP−535,374$22.3M
- NVRNVR INC−3,072$22.3M
- EBAYEBAY INC.−314,424$21.3M
- HDHOME DEPOT INC−43,550$16.0M
- + 18 more…
Exited1 name
- VTVVANGUARD INDEX FDS−4,726$800K
Recent transactions
Last 20 moves
ADD
WESTERN ALLIANCE BANCORP
+223,707
~$84.07 · 2025Q4
2026-02-09
