# Smead Capital Management

Smead Capital Management is an Asset Manager based in Phoenix, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Phoenix, United States
- **Region:** North America
- **Address:** Seattle, WA, United States
- **Founded:** 2007
- **Assets under management:** Undisclosed
- **Website:** smeadcap.com
- **LinkedIn:** https://www.linkedin.com/company/smead-capital-management

## Regulatory record

- **CRD number:** 143567
- **SEC file number:** 801-67839
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/143567

## About

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.

## Sectors

- Financial Services
- Consumer Discretionary
- Energy
- Health Care
- Industrials

## People

- Bill Smead — Chief Investment Officer
- Cole Smead — Chief Executive Officer

## 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.

### 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.

### 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.

## Related profiles

- [SageVest Wealth Management](https://altss.com/profile/sagevest-wealth-management)
- [Benefit Financial Services Group](https://altss.com/profile/benefit-financial-services-group)

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Last updated: 2026-06-03T20:00:00.000Z

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