Greenhaven Associates 13F, Q4 2025
Greenhaven Associates · quarter ending 31 December 2025 · filed 7 January 2026 · SEC CIK 846222
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2025
The 25 largest of 30 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2025 filing.
| Company | Ticker | Value | % of book | vs Q3 2025 |
|---|---|---|---|---|
| General Motors Co (GM) | $1.23B | 20.0% | -34% shares | |
| Lennar Corporation - A (LEN) | LEN | $1.04B | 16.8% | +5% shares |
| Toll Brothers, Inc. (TOL) | TOL | $757.66M | 12.3% | unchanged |
| PulteGroup Inc. (PHM) | PHM | $648.97M | 10.5% | unchanged |
| D R Horton, Inc. (DHI) | DHI | $501.82M | 8.1% | -4% shares |
| Oshkosh Corp (OSK) | OSK | $316.75M | 5.1% | unchanged |
| Avantor Inc (AVTR) | AVTR | $234.94M | 3.8% | +12% shares |
| Arrow Electronics Inc (ARW) | ARW | $209.34M | 3.4% | unchanged |
| Baxter International Inc (BAX) | BAX | $204.35M | 3.3% | +70% shares |
| Lear Corporation (LEA) | LEA | $203.53M | 3.3% | unchanged |
| Avnet Inc (AVT) | AVT | $188.90M | 3.1% | unchanged |
| SLB LTD (SLB) | SLB | $178.88M | 2.9% | new |
| Millrose Properties (MRP) | MRP | $137.30M | 2.2% | unchanged |
| Meritage Homes Corp (MTH) | MTH | $96.42M | 1.6% | unchanged |
| NOV INC (NOV) | NOV | $89.80M | 1.5% | unchanged |
| Vanguard 0-3M T-Bill ETF (VBIL) | VBIL | $58.29M | 0.9% | +55% shares |
| Lennar Corporation - B SHS (LEN/B) | LEN/B | $34.63M | 0.6% | unchanged |
| Teleflex Inc (TFX) | TFX | $14.90M | 0.2% | new |
| Citigroup Inc (C) | C | $3.88M | 0.1% | -60% shares |
| Icon PLC (ICLR) | $3.17M | 0.1% | unchanged | |
| Robert Half Inc (RHI) | RHI | $2.84M | 0.1% | new |
| Taylor Morrison Home Corp (TMHC) | TMHC | $2.80M | 0.1% | new |
| CRH PLC (CRH) | $2.50M | 0.0% | -20% shares | |
| Agilent Technologies, Inc. (A) | A | $1.46M | 0.0% | unchanged |
| J P Morgan Chase (JPM) | JPM | $1.29M | 0.0% | unchanged |
What changed since Q3 2025
Against the Q3 2025 filing, Greenhaven Associates opened 4 new positions, added to 4, trimmed 6, left 16 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 0001213900-26-002117, 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.