Greenhaven Associates

Q4 2024 13F · by Edgar Wachenheim, founder

Picture100.0% US stock

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

0.0 pp in · −0.0 pp out

Very concentrated · behaves like 8 equal-sized positions

Low turnover · 2.2% a year, more than 30 years per position


GMGeneral Motors Company	18.69%	23,723,444	$1.3B	trimmed−0%	+6.16 pp	28 q
LENLennar Corporation Class A	18.49%	9,164,735	$1.2B	added+1%	−1.49 pp	37 q
CCitigroup Inc.	17.57%	16,870,765	$1.2B	trimmed−0%	+5.18 pp	13 q
TOLToll Brothers, Inc.	10.32%	5,536,503	$697M	trimmed−0%	+0.28 pp	36 q
PHMPultegroup, Inc.	9.00%	5,584,228	$608M	trimmed−0%	−0.41 pp	11 q
DHID.R. Horton Inc.	7.59%	3,671,563	$513M	added0%	−0.62 pp	41 q
OSKOshkosh Corp.	3.59%	2,552,106	$243M	added+1%	+0.61 pp	10 q
ARWArrow Electronics, Inc.	3.19%	1,904,857	$215M	added+1%	+0.25 pp	8 q
AVTAvnet, Inc.	3.07%	3,962,837	$207M	added+1%	+0.57 pp	10 q
LEALear Corporation	2.58%	1,842,247	$174M	added+1%	+0.25 pp	19 q
MTHMeritage Homes Corporation	1.68%	739,013	$114M	trimmed−1%	−0.11 pp	11 q
TEXTerex Corporation	1.03%	1,503,133	$69M	added0%	+0.10 pp	7 q
CRHCRH Public Limited Company	0.86%	631,793	$58M	trimmed−94%	−11.27 pp	6 q
GGenpact Limited	0.78%	1,230,338	$53M	trimmed−1%	+0.21 pp	5 q
LEN.BLennar Corporation Class B	0.71%	364,059	$48M	trimmed−0%	−0.03 pp	29 q
NOVNOV Inc.	0.71%	3,291,042	$48M	added+62%	+0.33 pp	6 q
IPInternational Paper Co.	0.03%	35,288	$2M	held	—	13 q
AAgilent Technologies Inc.	0.02%	10,700	$1M	held	—	47 q
GSGoldman Sachs Group Inc.	0.02%	2,500	$1M	trimmed−72%	−0.03 pp	43 q
JPMJPMorgan Chase & Co.	0.02%	5,000	$1M	held	—	41 q
MSMorgan Stanley	0.02%	10,000	$1M	held	—	20 q
SCHWThe Charles Schwab Corporation	0.02%	20,000	$1M	held	—	19 q
BRK.BBERKSHIRE HATHAWAY Class B	0.01%	1,001	$453,733	held	—	19 q
UNPUnion Pacific Corp.	0.01%	2,032	$463,377	held	—	33 q

A row was set aside — invalid CUSIP 35045V100
A security outside the official 13F list — CUSIP 35045V100 not on the Official 13(f) List for 2024-12-31