Smead Capital Mgmt. Holds 20.5M Shares of Macerich Co.

TL;DR

**Smead Capital Management still owns over 20 million shares of Macerich, showing strong conviction.**

AI Summary

Smead Capital Management, Inc. filed an amended SC 13G/A on January 30, 2024, disclosing its beneficial ownership in The Macerich Company (MAC). As of December 31, 2023, Smead Capital Management holds sole voting and dispositive power over 20,504,170 shares of Macerich's common stock. This filing indicates a significant, continued investment by Smead Capital Management, suggesting their confidence in Macerich's future performance, which could be a positive signal for current and prospective shareholders.

Why It Matters

This filing shows a major institutional investor, Smead Capital Management, maintains a substantial stake in Macerich, signaling their long-term conviction in the company's value. This can reassure other investors and potentially influence market sentiment positively.

Risk Assessment

Risk Level: low — This filing is an amendment confirming a significant, stable institutional holding, which generally reduces perceived risk for the stock.

Analyst Insight

A smart investor would view this continued large institutional holding as a vote of confidence in Macerich, potentially indicating stability and long-term value, and might consider further research into Macerich's fundamentals.

Key Numbers

• 20,504,170 — Shares Beneficially Owned (Represents Smead Capital Management's total holding in Macerich Co. as of December 31, 2023.)
• 0 — Shared Voting Power (Indicates Smead Capital Management has complete control over the voting rights of its shares.)
• 0 — Shared Dispositive Power (Shows Smead Capital Management has full control over selling or disposing of its shares.)

Key Players & Entities

• Smead Capital Management, Inc. (company) — the reporting person and beneficial owner
• The Macerich Company (company) — the issuer of the securities
• 20,504,170 (dollar_amount) — number of shares beneficially owned
• December 31, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Smead Capital Management will maintain its significant stake in Macerich throughout 2024. (Smead Capital Management, Inc.) — medium confidence, target: 2024-12-31

FAQ

Key Financial Figures

• $0.01 — MPANY (Name of Issuer) Common Stock, $0.01 Par Value (Title of Class of Securiti

Filing Documents

• smead-mac123123a1.htm (SC 13G/A) — 95KB
• 0001172661-24-000374.txt ( ) — 97KB

(a)Name of Issuer

Item 1. (a)Name of Issuer THE MACERICH COMPANY

(b)Address of Issuer’s Principal

Item 1. (b)Address of Issuer’s Principal Executive Offices 401 Wilshire Boulevard, Suite 700 Santa Monica, CA 90401

(a, b, c)Names of Person Filing, Address

Item 2. (a, b, c)Names of Person Filing, Address of Principal Business Office, Citizenship: Smead Capital Management, Inc., 2777 East Camelback Road, Suite 375, Phoenix, AZ 85016, United States. William W. Smead, 2777 East Camelback Road, Suite 375, Phoenix, AZ 85016, United States. Cole W. Smead, 2777 East Camelback Road, Suite 375, Phoenix, AZ 85016, United States.

(d)Title of Class of Securities

Item 2. (d)Title of Class of Securities Common Stock, $0.01 Par Value

(e) CUSIP No

Item 2. (e) CUSIP No.: 554382101 CUSIP No. 554382101 SCHEDULE 13G/A Page 6 of 9 Pages

If

Item 3.If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) x An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: CUSIP No. 554382101 SCHEDULE 13G/A Page 7 of 9 Pages Item 4.Ownership Information with respect to the Reporting Persons' ownership of the Common Stock as of December 31, 2023, is incorporated by reference to items (5) - (9) and (11) of the cover page of the respective Reporting Person. The amount beneficially owned by each Reporting Person is determined based on 215,448,177 shares of Common Stock outstanding as of November 6, 2023, as the Issuer reported in its 10-Q filed with the SEC on November 6, 2023. Item 5.Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial

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