Greenhaven Associates

Q3 2016 13F · by Edgar Wachenheim, founder

Picture90.1% US stock

Full picture · of what this 13F reports is US stock

0.0 pp in · −0.0 pp out

Concentrated · behaves like 11 equal-sized positions

Low turnover · 0.0% a year, more than 30 years per position


FDXFedEx Corporation	15.02%	4,507,547	$787M	trimmed−53%	+0.82 pp	14 q
GSGoldman Sachs Group Inc.	11.52%	3,745,784	$604M	trimmed−50%	+0.60 pp	10 q
LOWLowe's Companies Inc.	10.50%	7,621,686	$550M	trimmed−54%	−2.41 pp	14 q
CCitigroup Inc.	10.15%	11,269,908	$532M	trimmed−47%	+1.31 pp	9 q
EADSYAirbus SE UNSP/	9.93%	34,485,579	$521M	trimmed−49%	+0.40 pp	7 q
JPMJPMorgan Chase & Co.	9.89%	7,788,657	$519M	trimmed−52%	0.00 pp	8 q
WHRWhirlpool Corp.	8.09%	2,614,785	$424M	trimmed−50%	−0.49 pp	14 q
BABoeing Company	4.34%	1,728,295	$228M	trimmed−34%	+0.98 pp	3 q
LENLennar Corporation Class A	4.09%	5,059,049	$214M	trimmed−47%	−0.25 pp	4 q
DHID.R. Horton Inc.	3.91%	6,779,531	$205M	trimmed−49%	−0.21 pp	8 q
OCOwens Corning	3.29%	3,230,057	$172M	trimmed−51%	−0.03 pp	12 q
PHMPultegroup, Inc.	2.12%	5,551,865	$111M	trimmed−42%	+0.30 pp	4 q
TOLToll Brothers, Inc.	1.91%	3,351,661	$100M	trimmed−37%	+0.51 pp	3 q
unresolvedU S G Corp	1.75%	3,553,971	$92M	trimmed−50%	−0.14 pp	8 q
TPHTri Pointe Homes, Inc.	1.30%	5,157,807	$68M	trimmed−49%	+0.14 pp	4 q
ACMAecom	1.07%	1,879,907	$56M	trimmed−38%	+0.13 pp	2 q
unresolvedCalatlantic Group Inc	0.78%	1,227,921	$41M	trimmed−38%	+0.07 pp	4 q
MMM3M Company	0.17%	50,000	$9M	trimmed−89%	−0.60 pp	14 q
PXGBXPraxair Inc	0.15%	66,441	$8M	trimmed−50%	0.00 pp	14 q
AAgilent Technologies Inc.	0.01%	10,700	$504,000	trimmed−50%	0.00 pp	14 q
STRLSterling Infrastructure, Inc.	0.01%	84,623	$655,000	added+7%	+0.01 pp	2 q
AMTTd Ameritrade Holding Corp	0.00%	6,840	$241,000	new	0.00 pp	new
MASMasco Corporation	—	−3,783,136	—	exited	−1.15 pp	—