Smead Capital Management’s Q2 2021 Investor Letter

Smead Capital Management, an investment management firm, published its “Smead Value Fund” second quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly portfolio net return of 8.97% was recorded by the fund for the second quarter of 2021, compared to an 8.55% return of the S&P 500 Index and a gain of 5.21% of the Russell 1000 Value Index. You can view the fund’s top 5 holdings to have an idea about their top bets for 2021.