Business Details
19 Years
experience
Expert Financial Advisory Services for Long-Term Investment Success
At Smead Funds, we are seasoned stock market investors dedicated to helping clients build wealth through a disciplined value investing approach. With over four decades of collective experience, our team has navigated market cycles and identified opportunities in undervalued companies. Our strategy emphasizes long-term growth by focusing on businesses with strong competitive advantages, consistent profitability, and attractive valuations. We serve a global client base, including individuals, advisors, family offices, and institutions, through mutual funds, separate accounts, and UCITS vehicles. Our philosophy is rooted in the belief that patience and rigorous analysis yield superior results.Headquartered in Phoenix, Arizona, with offices in Jersey City and London, we combine local expertise with a global perspective. Our team's deep industry knowledge and commitment to transparency have established us as trusted partners in wealth management. We prioritize client education, offering insights through research publications, media appearances, and our podcast, 'A Book With Legs.' Our track record of managing assets through varying economic conditions underscores our adaptability and resilience. By maintaining low portfolio turnover and focusing on companies with durable business models, we aim to deliver consistent, risk-adjusted returns for our investors.
Services
Mutual Fund Management
Value Investing Strategy
Global Investment Advisory
Portfolio Management
Financial Consulting
Details
- Year established: 2007
Highlights and features
- We offer 40+ years of experience in value investing with a proven track record
- Our low-turnover strategy focuses on durable businesses with competitive advantages
- We provide tailored solutions for individuals, institutions, and global investors
- Our team includes CFA charterholders with deep industry expertise
- We maintain transparent communication through regular market insights and research
What people say
Proven track record
Disciplined investment approach
Transparent communication
Experienced team
Global expertise
Services
Mutual Fund Management
We offer professionally managed mutual funds focused on undervalued large-cap companies. Our funds employ a low-turnover strategy targeting businesses with strong competitive advantages and attractive valuations. The Smead Value Fund and Smead International Value Fund provide diversified exposure to US and global markets through multiple share classes.
Value Investing Strategy
Our proprietary investment discipline identifies mispriced securities through rigorous fundamental analysis. We seek companies meeting eight specific criteria including economic need, competitive advantage, profitability, and insider ownership. This approach aims to capitalize on market inefficiencies while managing downside risk through careful security selection.
Global Investment Advisory
We provide tailored investment solutions for individuals, advisors, and institutions worldwide. Our services include portfolio construction, risk management, and strategic asset allocation across various investment vehicles. Clients receive personalized guidance aligned with their financial objectives and risk tolerance.
Portfolio Management
Our team manages separate accounts and unified managed accounts for sophisticated investors. These customized solutions offer direct ownership of securities with transparent fee structures. We implement our value investing principles while accommodating specific client requirements and constraints.
Financial Consulting
We deliver comprehensive market insights through research publications, quarterly newsletters, and media appearances. Our educational resources cover market trends, sector analysis, and investment philosophy. Clients benefit from ongoing communication about portfolio positioning and economic developments affecting their investments.
People
Bill Smead
Founder & Chief Investment Officer
With over 43 years of investment experience, Bill Smead established the firm's value investing discipline. He previously worked at Drexel Burnham Lambert and has managed portfolios since 1980. He holds a BA in Economics from Whitman College and oversees all domestic equity decisions.
Cole Smead
Chief Executive Officer & Portfolio Manager
Cole Smead, CFA, has led the firm since its founding in 2007. He manages international equity portfolios and previously served as a financial advisor with Wachovia Securities. He holds dual degrees from Whitman College and is a member of the CFA Institute.
Conor O'Callaghan
Chief Operating Officer
With two decades of Wall Street experience, Conor O'Callaghan directs operations, marketing, and sales. He previously served as Managing Director at BTIG and holds advanced degrees from the University of Pennsylvania and Fordham Law School.
Seamus Sullivan
Senior Analyst
Seamus Sullivan brings experience from Citizens Trust, Kopernik Global Investors, and Rosenzweig Capital Management. He holds an MBA from the University of Southern California and manages day-to-day portfolio operations for separate accounts and mutual funds.
Nick Garcia
Analyst
Nick Garcia, CFA, previously worked in investment banking at US Capital Global. He contributes to portfolio management with expertise in quantitative finance and economic analysis, holding dual master's degrees from the University of Nevada, Las Vegas.
Questions
What investment philosophy does Smead Capital Management follow?
We employ a value investing discipline focusing on undervalued large-cap companies with strong competitive advantages, long-term profitability, and attractive valuations.
What types of investment products do you offer?
We provide mutual funds (domestic and international), separate accounts, UCITS funds, and unified managed accounts through multiple share classes.
How does your value investing strategy work?
Our eight criteria evaluate companies based on economic need, competitive advantage, profitability, cash flow generation, and valuation metrics to identify mispriced securities.
Do you serve international investors?
Yes, we offer the Smead US Value UCITS Fund for non-US investors and manage global portfolios through various investment vehicles.
How can I access your investment insights?
We share market analysis through quarterly newsletters, research publications, media appearances, and our podcast 'A Book With Legs.'
What is your approach to portfolio management?
We maintain low turnover, focus on downside protection, and implement customized solutions for separate accounts while adhering to our core value principles.
