Smead Capital Management’s Q3 2021 Investor Letter

Smead Capital Management, an investment management firm, published its “Smead Value Fund” third quarter 2021 investor letter – a copy of which can be downloaded here. For the third quarter, the Smead Value Fund (SMVLX) gained 0.44% versus a gain of 0.58% for the S&P 500 Index and a loss of 0.78% for the Russell 1000 Value Index. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.