APA Corp Leads Smead Value Fund's Q1 2024 Portfolio Adjustments with 0.68% Impact

GuruFocus.com04-26

Insights into Smead Value Fund (Trades, Portfolio)'s Latest Investment Moves and Stock Positions Smead Value Fund (Trades, Portfolio), managed by Smead Capital Management, has disclosed its N-PORT ...

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Smead Value Fund , managed by Smead Capital Management, has disclosed its N-PORT filing for the first quarter of 2024, revealing strategic investment decisions. The Fund, steered by Lead Portfolio Manager Bill Smead alongside Co-Portfolio Managers Tony Scherrer, CFA, and Cole Smead, CFA, targets long-term capital appreciation by investing in U.S. large-cap companies. It operates with a concentrated portfolio approach, holding approximately 25-30 stocks, and adheres to a stringent investment criteria that emphasizes economic need, competitive advantage, profitability, free cash flow, intrinsic value, shareholder-friendly management, robust balance sheets, and strong insider ownership.Lennar Corp  experienced an increase of 44,794 shares, resulting in a total of 2,447,164 shares. This adjustment reflects a 1.86% increase in share count, with a total value of $387,899,970.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2552382215.SGD":"WELLINGTON US BRAND POWER \"A\" (SGDHDG) ACC","IE0002141913.USD":"JANUS HENDERSON GLOBAL LIFE SCIENCES \"I2\" (USD) ACC","SG9999015341.SGD":"United Income Focus Trust Acc SGD-H","LU2552382058.USD":"WELLINGTON US BRAND POWER \"A\" (USD) ACC","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","BK4201":"综合性石油与天然气企业","IE00BJJMRZ35.SGD":"JANUS HENDERSON GLOBAL LIFE SCIENCES \"I2\" (SGDHDG) ACC","BK4516":"特朗普概念","LU2552382132.HKD":"WELLINGTON US BRAND POWER \"A\" (HKD) ACC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","SG9999001176.USD":"United Global Healthcare Acc USD","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU1917777945.USD":"安联专题基金Cl AT Acc","SG9999014575.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USDHDG) INC","SG9999001176.SGD":"UOB UNITED GLOBAL HEALTHCARE \"SGD\" (ACC)","BK4534":"瑞士信贷持仓","LU1989771016.USD":"东方汇理环球老龄化投资基金 A2 Acc","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","AXP":"美国运通","BK4007":"制药","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU2461242641.AUD":"WELLINGTON US QUALITY GROWTH \"A\" (AUDHDG) ACC","IE0009355771.USD":"骏利亨德森环球生命科技A Acc","DHI":"霍顿房屋","LU0122379950.USD":"贝莱德世界健康科学A2","APA":"阿帕契","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","IE00BJT1NW94.SGD":"JANUS HENDERSON GLOBAL LIFE SCIENCES \"A2\" (SGDHDG) ACC","BK4559":"巴菲特持仓","LEN":"莱纳建筑公司","OXY":"西方石油","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","BK4550":"红杉资本持仓","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU0058720904.USD":"联博国际健康护理基金A","SG9999014559.SGD":"United Income Focus Trust Dis SGD","MRK":"默沙东","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU2361044865.SGD":"WELLINGTON US QUALITY GROWTH \"A\" (SGDHDG) ACC","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","SG9999014567.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USD) ACC","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU2361045086.USD":"WELLINGTON US QUALITY GROWTH \"A\" (USD) ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD"},"translate_title":"APA Corp以0.68%的影响引领Smead Value Fund的Q1 2024投资组合调整","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AXP":1,"APA":1,"OXY":1,"DHI":1,"MRK":1,"LEN":0.9},"content_text":"Insights into Smead Value Fund (Trades, Portfolio)'s Latest Investment Moves and Stock Positions\n\nSmead Value Fund (Trades, Portfolio), managed by Smead Capital Management, has disclosed its N-PORT filing for the first quarter of 2024, revealing strategic investment decisions. The Fund, steered by Lead Portfolio Manager Bill Smead alongside Co-Portfolio Managers Tony Scherrer, CFA, and Cole Smead, CFA, targets long-term capital appreciation by investing in U.S. large-cap companies. It operates with a concentrated portfolio approach, holding approximately 25-30 stocks, and adheres to a stringent investment criteria that emphasizes economic need, competitive advantage, profitability, free cash flow, intrinsic value, shareholder-friendly management, robust balance sheets, and strong insider ownership.\n\nKey Position Increases\nSmead Value Fund (Trades, Portfolio) has bolstered its positions in a total of 27 stocks during the quarter. Noteworthy increases include:\n\nAPA Corp (NASDAQ:APA) saw the addition of 1,181,875 shares, bringing the total to 5,826,669 shares. This move marks a substantial 25.45% increase in share count and a 0.68% impact on the current portfolio, with a total value of $173,576,470.\nLennar Corp (NYSE:LEN) experienced an increase of 44,794 shares, resulting in a total of 2,447,164 shares. This adjustment reflects a 1.86% increase in share count, with a total value of $387,899,970.\n\nPortfolio Overview\nAs of the first quarter of 2024, Smead Value Fund (Trades, Portfolio)'s portfolio encompasses 27 stocks. The top holdings are notably concentrated in 7.46% in Lennar Corp (NYSE:LEN), 6.75% in D.R. Horton Inc (NYSE:DHI), 6.45% in Merck & Co Inc (NYSE:MRK), 6.43% in American Express Co (NYSE:AXP), and 6.19% in Occidental Petroleum Corp (NYSE:OXY). The Fund's investments are primarily distributed across nine industries, including Consumer Cyclical, Financial Services, Energy, Real Estate, Healthcare, Industrials, Consumer Defensive, Technology, and Communication Services, showcasing a diversified yet focused approach to sector allocation.\n\n\nThis article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.This article first appeared on \nGuruFocus.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430266791"}