Published on 25 Apr 2024 on GuruFocus.com via Yahoo Finance
APA Corp Leads Smead Value Fund's Q1 2024 Portfolio Adjustments with 0.68% Impact
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 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.
