SMEAD CAPITAL MANAGEMENT, INC. Information

600 UNIVERSITY STREET, SEATTLE, Washington, 98101, (206) 838-9850

Report Date: 12/31/2014

Position Statistics

Total Positions 30
New Positions 0
Increased Positions 22
Decreased Positions 8
Positions with Activity 30
Sold Out Positions 1
Total Mkt Value (in $ millions) 1,115

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials
Capital Goods 4.07%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 1.55%
Energy
Financial 29.09%
Healthcare 19.58%
Services 44.06%
Technology
Transportation
Utilities

30 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
GANNETT INC COM 80,400 8,700 12.13 2,280,841
EBAY INC COM 71,771 17,656 32.63 1,230,009
BERKSHIRE HATHAWAY INC DEL CL B NEW 54,371 4,891 9.89 365,445
AMGEN INC COM 53,276 -4,829 (8.31) 337,021
BANK AMER CORP COM 52,091 3,644 7.52 3,158,933
CABELAS INC COM 51,219 10,024 24.33 957,178
WELLS FARGO & CO NEW COM 51,206 4,709 10.13 925,459
AFLAC INC COM 51,011 10,693 26.52 823,422
NORDSTROM INC COM 46,917 4,306 10.11 577,869
JPMORGAN CHASE & CO COM 45,757 5,343 13.22 748,399
NVR INC COM 45,406 10,816 31.27 33,857
DISNEY WALT CO COM DISNEY 44,877 3,168 7.60 425,096
PFIZER INC COM 41,535 9,294 28.83 1,198,346
MERCK & CO INC NEW COM 41,509 -5,639 (11.96) 709,669
HOME DEPOT INC COM 41,282 3,115 8.16 354,932
WALGREENS BOOTS ALLIANCE INC COM 41,173 -1,908 (4.43) 514,603
FRANKLIN RES INC COM 38,434 4,176 12.19 708,730
BLOCK H & R INC COM 35,528 4,135 13.17 1,020,927
COMCAST CORP NEW CL A SPL 34,182 2,699 8.57 577,976
MEDTRONIC PLC SHS 31,690 3,687 13.17 403,022