Smead Capital Management

Smead Capital Management is a registered investment advisor that manages a US Large Cap equity strategy in separate accounts and mutual funds for individuals, advisors, family offices, and institutions worldwide. It advises investors through a low-turnover, differentiated value discipline seeking wonderful companies to build wealth.


Required over the entire holding period

1. Meets an economic need

2. Strong competitive advantage

3. Long history of profitability and strong operating metrics

4. Generates high levels of free cash flow 

5. Available at a low price in relation to intrinsic value

Favored, but not required

6. Management’s history of shareholder friendliness

7. Strong balance sheet

8. Strong insider ownership