SMEAD CAPITAL MANAGEMENT, INC. Information

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

Report Date: 03/31/2014

Position Statistics

Total Positions 30
New Positions 1
Increased Positions 25
Decreased Positions 4
Positions with Activity 29
Sold Out Positions 2
Total Mkt Value (in $ millions) 845

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

Sector Weighting

Basic Materials
Capital Goods 2.13%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 1.44%
Energy
Financial 28.84%
Healthcare 21.41%
Services 46.18%
Technology
Transportation
Utilities

30 Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
GANNETT INC COM 61,249 7,642 14.26 1,924,855
WALGREEN CO COM 46,301 -2,471 (5.07) 643,334
EBAY INC COM 44,127 5,586 14.50 857,162
MERCK & CO INC NEW COM 44,090 5,427 14.04 755,741
CABELAS INC COM 41,659 5,188 14.22 711,992
AMGEN INC COM 40,486 5,051 14.25 342,235
WELLS FARGO & CO NEW COM 40,068 4,962 14.14 781,355
DISNEY WALT CO COM DISNEY 39,655 -1,174 (2.88) 462,128
BERKSHIRE HATHAWAY INC DEL CL B NEW 39,540 13,532 52.03 308,234
AFLAC INC COM 39,289 4,985 14.53 616,691
BANK OF AMERICA CORPORATION COM 38,890 3,669 10.42 2,510,640
JPMORGAN CHASE & CO COM 36,754 4,587 14.26 631,186
COMCAST CORP NEW CL A SPL 33,501 4,155 14.16 616,399
NORDSTROM INC COM 33,195 4,095 14.07 488,300
FRANKLIN RES INC COM 29,762 3,668 14.06 517,055
BLOCK H & R INC COM 27,882 3,465 14.19 861,368
PFIZER INC COM 26,454 3,280 14.15 860,838
ACCENTURE PLC IRELAND SHS CLASS A 24,443 3,009 14.04 306,529
HOME DEPOT INC COM 23,985 2,973 14.15 299,518
MEDTRONIC INC COM 21,217 2,627 14.13 340,241