Smead Capital Management (SCM) is a portfolio management firm based in Seattle, WA. SCM manages equity portfolios for advisors and institutions. They also manage a proprietary mutual fund. SCM focuses on large capitalization stocks. The firm's investment philosophy is based on three key tenents: 1) Valuation - the price paid matters dearly. 2) Turnover - The earnings of a business is the reason for being an owner and frictional costs reduce returns. 3) Quality - For price and turnover to be applied jointly, the quality of the business must lend itself to the investing process.
Specialties
U.S. Equity, Large Cap Value, Mutual Fund Manager, Large Cap Quality
