NVR, Inc.
MX ˙ BMV ˙ US62944T1051
SecurityMX:NVR / NVR, Inc.
InstitutionSmead Capital Management, Inc.
Latest Disclosed Ownership21,538 shares
Latest Disclosed Value $ 141,935,857
Smead Capital Management, Inc. reports 12.96% decrease in ownership of NVR / NVR, Inc.

On May 14, 2026 - Smead Capital Management, Inc. filed a 13F-HR form disclosing ownership of 21,538 shares of NVR, Inc. (MX:NVR) valued at $141,935,857 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 24,745 shares of NVR, Inc.. This represents a change in shares of -12.96% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F NVR COM 62944T105 21,538 -3,207 -12.96 141,936 -21.35 3.0875
2026-02-09 2025-12-31 13F NVR COM 62944T105 24,745 -1,717 -6.49 180,458 -15.12 3.7447
2025-11-10 2025-09-30 13F NVR COM 62944T105 26,462 -2,024 -7.11 212,614 1.06 4.1073
2025-08-14 2025-06-30 13F NVR COM 62944T105 28,486 -3,797 -11.76 210,389 -10.04 4.2123
2025-05-14 2025-03-31 13F NVR COM 62944T105 32,283 -3,072 -8.69 233,870 -19.12 4.0092
2025-02-12 2024-12-31 13F NVR COM 62944T105 35,355 -863 -2.38 289,167 -18.63 4.4830
2024-11-07 2024-09-30 13F NVR COM 62944T105 36,218 1,223 3.49 355,365 33.82 5.0695
2024-08-09 2024-06-30 13F NVR COM 62944T105 34,995 1,834 5.53 265,562 -1.13 4.1460
2024-07-16 2024-03-31 13F/A-1 NVR COM 62944T105 33,161 -6,320 -16.01 268,603 -2.82 4.1906
2024-05-10 2024-03-31 13F NVR COM 62944T105 33,161 -6,320 268,603 4.1906
2024-01-31 2023-12-31 13F NVR COM 62944T105 39,481 277 0.71 276,385 18.22 4.9492
2023-11-13 2023-09-30 13F NVR COM 62944T105 39,204 -1,264 -3.12 233,785 -9.03 4.7704
2023-08-11 2023-06-30 13F NVR COM 62944T105 40,468 -13,487 -25.00 256,997 -14.52 5.1027
2023-05-12 2023-03-31 13F NVR COM 62944T105 53,955 1,402 2.67 300,648 24.03 5.9914
2023-02-10 2022-12-31 13F NVR COM 62944T105 52,553 4,521 9.41 242,405 26.58 5.1851
2022-11-10 2022-09-30 13F NVR COM 62944T105 48,032 761 1.61 191,507 1.18 4.9793
2022-08-12 2022-06-30 13F NVR COM 62944T105 47,271 3,209 7.28 189,280 -3.84 4.8404
2022-05-13 2022-03-31 13F NVR COM 62944T105 44,062 6,940 18.70 196,837 -10.26 4.5636
2022-02-14 2021-12-31 13F NVR COM 62944T105 37,122 6,318 20.51 219,349 48.53 5.7037
2021-11-12 2021-09-30 13F NVR COM 62944T105 30,804 793 2.64 147,677 -1.06 5.0528
2021-07-30 2021-06-30 13F NVR COM 62944T105 30,011 3,645 13.82 149,254 20.16 5.2259
2021-05-04 2021-03-31 13F NVR COM 62944T105 26,366 468 1.81 124,208 17.55 5.4667
2021-02-03 2020-12-31 13F NVR COM 62944T105 25,898 -1,249 -4.60 105,660 -4.68 6.1088
2020-11-04 2020-09-30 13F NVR COM 62944T105 27,147 -5,711 -17.38 110,844 3.52 7.0222
2020-08-10 2020-06-30 13F NVR COM 62944T105 32,858 -2,237 -6.37 107,076 18.76 6.7556
2020-04-30 2020-03-31 13F NVR COM 62944T105 35,095 -6,686 -16.00 90,163 -43.34 6.3961
2020-01-30 2019-12-31 13F NVR COM 62944T105 41,781 -2,359 -5.34 159,119 -3.03 7.0768
2019-10-25 2019-09-30 13F NVR COM 62944T105 44,140 -1,257 -2.77 164,084 7.25 8.0165
2019-07-26 2019-06-30 13F NVR COM 62944T105 45,397 -1,289 -2.76 152,999 18.44 7.3638
2019-05-09 2019-03-31 13F NVR COM 62944T105 46,686 -1,141 -2.39 129,180 10.83 6.5561
2019-02-04 2018-12-31 13F NVR COM 62944T105 47,827 7,208 17.75 116,554 16.13 6.0914
2018-10-23 2018-09-30 13F NVR COM 62944T105 40,619 2,922 7.75 100,361 -10.37 4.5323
2018-07-23 2018-06-30 13F NVR COM 62944T105 37,697 -667 -1.74 111,973 4.24 5.3316
2018-05-04 2018-03-31 13F NVR COM 62944T105 38,364 -6,655 -14.78 107,419 -31.99 5.2037
2018-02-12 2017-12-31 13F NVR COM 62944T105 45,019 -2,200 -4.66 157,937 17.16 7.1932
2017-11-06 2017-09-30 13F NVR COM 62944T105 47,219 -4,570 -8.82 134,810 7.98 6.4185
2017-07-27 2017-06-30 13F NVR COM 62944T105 51,789 -13,806 -21.05 124,843 -9.67 6.0173
2017-05-11 2017-03-31 13F NVR COM 62944T105 65,595 -7,905 -10.76 138,201 12.66 6.9603
2017-02-08 2016-12-31 13F NVR COM 62944T105 73,500 -9,493 -11.44 122,672 -9.86 6.2242
2016-11-07 2016-09-30 13F NVR COM 62944T105 82,993 -5,126 -5.82 136,098 -13.25 6.4810
2016-08-05 2016-06-30 13F NVR COM 62944T105 88,119 -5,368 -5.74 156,882 -3.13 7.3685
2016-05-04 2016-03-31 13F N V R COM 62944T105 93,487 -10,814 -10.37 161,957 15.62 6.9949
2016-02-03 2015-12-31 13F NVR COM 62944T105 104,301 28,788 38.12 140,081 21.63 6.2479
2015-11-09 2015-09-30 13F NVR COM 62944T105 75,513 17,443 30.04 115,174 48.02 6.1459
2015-07-27 2015-06-30 13F NVR COM 62944T105 58,070 12,360 27.04 77,812 28.12 5.0800
2015-05-08 2015-03-31 13F NVR Com 62944T105 45,710 45,710 0.00 60,733 4.4688
2015-02-03 2014-12-31 13F NVR Com 62944T105 0 -25,792 -100.00 0 -100.00
2014-11-07 2014-09-30 13F NVR Com 62944T105 25,792 4,068 18.73 29,145 16.60 3.1425
2014-08-05 2014-06-30 13F N V R Com 62944T105 21,724 4,832 28.61 24,996 29.01 2.7223
2014-05-08 2014-03-31 13F N V R Com 62944T105 16,892 2,087 14.10 19,375 27.55 2.3342
2014-02-07 2013-12-31 13F N V R Com 62944T105 14,805 14,805 15,190 2.0919
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.