Greenhaven Associates 13F, Q3 2025
Greenhaven Associates · quarter ending 30 September 2025 · filed 4 November 2025 · SEC CIK 846222
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q3 2025
The 25 largest of 27 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2025 filing.
| Company | Ticker | Value | % of book | vs Q2 2025 |
|---|---|---|---|---|
| General Motors Co (GM) | $1.41B | 21.4% | -3% shares | |
| Lennar Corporation - A (LEN) | LEN | $1.22B | 18.5% | unchanged |
| Toll Brothers, Inc. (TOL) | TOL | $770.96M | 11.7% | unchanged |
| PulteGroup Inc. (PHM) | PHM | $735.94M | 11.2% | unchanged |
| D R Horton, Inc. (DHI) | DHI | $616.49M | 9.4% | unchanged |
| Oshkosh Corp (OSK) | OSK | $327.70M | 5.0% | unchanged |
| Arrow Electronics Inc (ARW) | ARW | $229.71M | 3.5% | unchanged |
| Avantor Inc (AVTR) | AVTR | $228.53M | 3.5% | new |
| Avnet Inc (AVT) | AVT | $205.40M | 3.1% | unchanged |
| Lear Corporation (LEA) | LEA | $180.68M | 2.8% | -3% shares |
| Millrose Properties (MRP) | MRP | $154.65M | 2.4% | -42% shares |
| Baxter International Inc (BAX) | BAX | $143.19M | 2.2% | new |
| Meritage Homes Corp (MTH) | MTH | $105.24M | 1.6% | -3% shares |
| NOV INC (NOV) | NOV | $76.16M | 1.2% | +15% shares |
| Terex Corp (TEX) | TEX | $75.81M | 1.1% | unchanged |
| Lennar Corporation - B SHS (LEN/B) | LEN/B | $43.68M | 0.7% | unchanged |
| Vanguard 0-3M T-Bill ETF (VBIL) | VBIL | $37.81M | 0.6% | new |
| Citigroup Inc (C) | C | $8.45M | 0.1% | -100% shares |
| Icon PLC (ICLR) | $3.05M | 0.1% | unchanged | |
| CRH PLC (CRH) | $3.00M | 0.1% | -7% shares | |
| Charles Schwab Corporation (SCHW) | SCHW | $1.43M | 0.0% | -25% shares |
| Agilent Technologies, Inc. (A) | A | $1.37M | 0.0% | unchanged |
| J P Morgan Chase (JPM) | JPM | $1.26M | 0.0% | -20% shares |
| Goldman Sachs (GS) | GS | $796.4K | 0.0% | -60% shares |
| Union Pacific Corp (UNP) | UNP | $480.3K | 0.0% | unchanged |
What changed since Q2 2025
Against the Q2 2025 filing, Greenhaven Associates opened 3 new positions, added to 1, trimmed 10, left 13 unchanged and exited 1. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001213900-25-105801, filed by GREENHAVEN ASSOCIATES INC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.