Greenhaven Associates portfolio

What changed this quarter

21 positions with a change (1 new, 5 added to, 13 trimmed, 2 sold). 8 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Accenture−4.9 ppof portfolioSold out
  4.9% → —
• Lennar+15%more sharesIncreased
  11.8% → 13.4%
• Lear−43%fewer sharesReduced
  2.3% → 1.2%
• Arrow Electronics−16%fewer sharesReduced
  4.3% → 4.2%
• IQVIA Holdings−29%fewer sharesReduced
  1.7% → 1.8%
• Avnet−15%fewer sharesReduced
  3.9% → 4.0%
• Epam Systems−0.5 ppof portfolioSold out
  0.5% → —
• Baxter International−13%fewer sharesReduced
  3.5% → 3.7%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• LennarLEN · LEN/B13.7%Since Q4 2015 · 44 quartersDetails ▾
• Becton, DickinsonBDX13.3%Since Q2 2026 · 2 quartersDetails ▾
• General Motors Co (GM)12.5%Since Q4 2020 · 24 quartersDetails ▾
• Toll BrothersTOL9.5%Since Q1 2016 · 43 quartersDetails ▾
• PultegroupPHM7.9%Since Q2 2022 · 18 quartersDetails ▾
• IconICLR6.6%Since Q2 2025 · 6 quartersDetails ▾
• D.R. HortonDHI6.4%Since Q4 2014 · 48 quartersDetails ▾
• AvantorAVTR4.6%Since Q3 2025 · 5 quartersDetails ▾
• Arrow ElectronicsARW4.2%Since Q1 2023 · 15 quartersDetails ▾
• OshkoshOSK4.1%Since Q3 2022 · 17 quartersDetails ▾
• AvnetAVT4.0%Since Q3 2022 · 17 quartersDetails ▾
• Baxter InternationalBAX3.7%Since Q3 2025 · 5 quartersDetails ▾
• SLBSLB2.3%Since Q4 2025 · 4 quartersDetails ▾
• IQVIA HoldingsIQV1.8%Since Q2 2026 · 2 quartersDetails ▾
• NOVNOV1.2%Since Q3 2023 · 13 quartersDetails ▾
• LearLEA1.2%Since Q2 2020 · 26 quartersDetails ▾
• Meritage HomesMTH1.1%Since Q2 2022 · 18 quartersDetails ▾
• DNOWDNOW0.9%Since Q1 2026 · 3 quartersDetails ▾
• Vanguard Instl Index FundVBIL0.8%Since Q3 2025 · 5 quartersDetails ▾
• Agilent TechnologiesAunder 0.1%Since at least Q2 2013 · 54 quartersDetails ▾
• CRH publicCRHunder 0.1%Since Q3 2023 · 13 quartersDetails ▾
• Charles SchwabSCHWunder 0.1%Since Q2 2020 · 26 quartersDetails ▾
• Union PacificUNPunder 0.1%Since Q4 2016 · 40 quartersDetails ▾
• JPMorgan ChaseJPMunder 0.1%Since Q4 2014 · 48 quartersDetails ▾
• GenpactGunder 0.1%Since Q4 2023 · 12 quartersDetails ▾
• Bath & Body WorksBBWIunder 0.1%Since Q3 2026 · 1 quarterDetails ▾

“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.