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Smead Capital Management
SMEAD CAPITAL MANAGEMENT, INC. is an SEC-registered investment adviser in PHOENIX, AZ, registered since 2007. The firm manages $5.5 billion in assets, $5.4...
Smead Capital Management
SMEAD CAPITAL MANAGEMENT, INC. is an SEC-registered investment adviser in PHOENIX, AZ, registered since 2007. The firm manages $5.5 billion in assets, $5.4 billion on a discretionary basis. It has 18 employees and 10 investment advisers.
General information
Firm type
Asset Manager
Year founded
2007
Location
Region
North America
Country
United States
City
Phoenix
Corporate office
Seattle, WA, United States
Principals
Bill Smead
Chief Investment Officer
Cole Smead
Chief Executive Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Smead Capital Management?
Bill Smead serves as Chief Investment Officer and makes the final portfolio decisions. Cole Smead, his son, is the Chief Executive Officer responsible for firm management and client communications.
What is Smead Capital's investment strategy?
The firm employs a concentrated value strategy, typically holding 20–30 stocks of high-quality U.S. companies purchased during market dislocations. The approach is long-term and buy-and-hold, avoiding short-term trading and leverage.
Does Smead Capital Management invest in private markets?
No. The firm is solely focused on public equities. It does not participate in private equity, venture capital, or alternative investments.
What sectors does Smead Capital typically favor?
The firm tends to favor financial services, consumer discretionary, energy, health care, and industrials. It has historically avoided technology and growth stocks, preferring traditional value sectors.
Is Smead Capital Management a family office?
No. It is a registered investment advisor (RIA) managing assets for individuals, families, and institutions. It is not structured as a single-family or multi-family office.
How does Smead Capital differ from other value managers?
The firm's concentrated portfolio, explicit focus on buying during panics, and avoidance of leverage or hedging distinguish it. The leadership succession from Bill to Cole Smead also provides a generational continuity rare in value investing.
Does Smead Capital have philanthropic or operating company vehicles?
No public filings or disclosures indicate the firm maintains separate philanthropic foundations or operating businesses. The Smead family may have personal charitable giving, but no formal firm-affiliated structure is known.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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