Smead Capital Management 13F: Cuts SPG Stake by $29M
Key Points
- Smead Capital Management cut its Simon Property Group position by 10.3%, selling 144,703 shares to finish the quarter with 1,255,022 shares valued at $251.9 million.
- The retail real estate investment trust trades with a trailing P/E ratio of 14.3 and reports its next financial results on November 5, 2026.
- Four company insiders picked up small share purchases totaling over 999 shares at the end of June 2026.
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Smead Capital Management reduced its stake in Simon Property Group, Inc. (SPG) during the quarter, parting with 144,703 shares. The firm disclosed the move in a Form 13F filing with the SEC on October 16, 2026. Simon Property Group closed at $205.44 on the day of the filing.
SPG
Simon Property Group, Inc.
Smead Capital Management vs. the S&P 500
Hypothetical returns from Smead Capital Management's disclosed trades, not real profit or advice. How we model this.
What Changed in Smead Capital Management's Simon Property Group Position
The fund trimmed its investment by 10.3%, bringing its total holdings down to 1,255,022 shares. Prior to the adjustment, the fund owned 1,399,725 shares. The remaining stake held a value of $251,958,294 at the time of the report.
Other Institutional Activity in Simon Property Group
Other large investors also adjusted their positions in the retail real estate investment trust. Cohen & Steers Inc. reduced its holdings by 11,175 shares, ending with 5,870,615 shares worth about $1,188,740,863.
Simon Property Group, Inc. Stock Down 1.4%
The shares recently traded around $202.49 as of October 20, 2026, sitting roughly 1.4% below their filing-date close. The stock carries a market capitalization of $65.5 billion and a beta of 1.33.
Recent Earnings
Simon Property Group posted $6.94 billion in revenue over the trailing twelve months alongside earnings of $14.17 per share. The company generated a net margin of 66.6% and a return on equity of 120.5%. Its next quarterly earnings release is scheduled for November 5, 2026.
Dividend
The real estate investment trust pays an annual dividend rate of $8.90 per share, giving it a dividend yield of 4.4%. The company pays out 62.1% of its earnings to shareholders.
Insider Buying and Selling at Simon Property Group, Inc.
Four insiders purchased shares in late June 2026. Stefan Selig bought 220 shares at $223.27 apiece for a total of $49,119.51. Reuben Leibowitz picked up 508 shares at $223.38 each, totaling $113,475.31. Peggy Roe acquired 89 shares at $223.15 per share for $19,860.75. Marta Stewart purchased 182 shares at $223.16 each, spending $40,614.30. None of these transactions were carried out under pre-arranged trading plans.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock ahead of the filing. Scotiabank maintained its Sector Perform rating with a $221 target on September 17, 2026. Evercore ISI Group kept an In-Line rating and lowered its target to $216 on September 21, 2026. Barclays maintained an Equal-Weight rating with a $208 target on September 28, 2026. UBS kept a Neutral rating and adjusted its target to $205 on October 9, 2026. Piper Sandler held an Overweight rating with a $254 target on October 12, 2026. The stock currently holds a consensus buy rating across 19 analyst opinions with a mean price target of $229.00.
About Simon Property Group
Simon Property Group operates as a self-administered real estate investment trust focused on retail properties, shopping malls, and community centers. The company manages a vast portfolio of physical retail space across the United States, collecting rent from major retailers and dining establishments.
Bottom Line
Investors are keeping an eye on the company's upcoming financial report scheduled for November 5, 2026. The filing shows institutional managers making minor adjustments while the stock trades near its fifty-day moving average.
Related Filing Alerts
Source: Smead Capital Management's 13F filing on $SPG (Oct 16, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts