Greenhaven Associates

Q2 2026 13F · by Edgar Wachenheim, founder

As of: Jun 30, 2026
Filed: Jul 28, 2026
US stock: $8.7B · prev $6.1B
Positions: 28 · prev 27
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

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

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves25 since the prior filing

+9.8 pp in · −9.7 pp out

New 4 +17.04 pp
Added 7 −7.20 pp
Trimmed 11 −9.43 pp
Exited 3 −0.27 pp

The book

Concentrated · behaves like 13 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 9.0% a year, about 11.1 years per position

Low
Moderate
High

Top 5 positions53% of US stock

LEN Lennar Corporation Class A added−3.39 pp added−3.3911.8%
GM General Motors Company added−3.91 pp added−3.9111.5%
TOL Toll Brothers, Inc. trimmed−1.98 pp trimmed−1.9810.7%
BDX Becton, Dickinson and Co. new+9.93 pp new+9.939.9%
PHM Pultegroup, Inc. trimmed−2.01 pp trimmed−2.018.6%

Positions28 in this filing · 3 exited


LENLennar Corporation Class A	11.82%	11,316,279	$1.0B	added+6%	−3.39 pp	43 q
GMGeneral Motors Company	11.46%	12,873,506	$992M	added+3%	−3.91 pp	34 q
TOLToll Brothers, Inc.	10.71%	5,630,109	$928M	trimmed−0%	−1.98 pp	42 q
BDXBecton, Dickinson and Co.	9.93%	5,681,708	$860M	new	+9.93 pp	new
PHMPultegroup, Inc.	8.64%	5,455,949	$749M	trimmed−1%	−2.01 pp	17 q
DHID.R. Horton Inc.	6.59%	3,505,800	$571M	added+1%	−1.25 pp	47 q
ICLRIcon Plc	6.22%	3,100,615	$539M	added+55%	+2.57 pp	5 q
ACNAccenture PLC	4.86%	3,384,681	$421M	new	+4.86 pp	new
OSKOshkosh Corp.	4.53%	2,558,680	$393M	added+1%	−1.61 pp	16 q
ARWArrow Electronics, Inc.	4.35%	1,764,153	$376M	trimmed−7%	−0.13 pp	14 q
AVTAvnet, Inc.	3.87%	3,772,861	$335M	trimmed−4%	−0.11 pp	16 q
BAXBaxter International Inc.	3.52%	14,285,228	$305M	trimmed−0%	−0.44 pp	4 q
AVTRAvantor, Inc.	2.82%	24,637,310	$244M	added+9%	−0.10 pp	4 q
LEALear Corporation	2.25%	1,455,933	$195M	trimmed−14%	−1.13 pp	25 q
SLBSLB Limited	2.04%	3,802,344	$177M	trimmed−18%	−1.91 pp	3 q
IQVIQVIA Holdings Inc.	1.71%	768,045	$148M	new	+1.71 pp	new
MTHMeritage Homes Corporation	1.26%	1,297,494	$109M	trimmed−11%	−0.22 pp	17 q
NOVNOV Inc.	1.20%	5,620,019	$104M	trimmed−2%	−0.58 pp	12 q
DNOWDNOW Inc.	0.65%	4,343,617	$56M	added×5.3	+0.49 pp	2 q
VBILVanguard 0-3 Month Treasury Bill ETF	0.58%	662,000	$50M	trimmed−45%	−0.91 pp	4 q
EPAMEpam Systems, Inc.	0.54%	587,300	$47M	new	+0.54 pp	new
LEN.BLennar Corporation Class B	0.37%	364,059	$32M	held	—	35 q
AAgilent Technologies Inc.	0.02%	10,700	$1M	held	—	53+ q
CRHCRH Public Limited Company	0.02%	17,500	$2M	held	—	12 q
JPMJPMorgan Chase & Co.	0.01%	2,500	$818,325	trimmed−38%	−0.01 pp	47 q
SCHWThe Charles Schwab Corporation	0.01%	12,500	$1M	held	—	25 q
UNPUnion Pacific Corp.	0.01%	2,032	$552,704	held	—	39 q
GGenpact Limited	0.00%	10,000	$275,000	held	—	11 q
TMHCTaylor Morrison Home Corporation	—	−270,608	—	exited	−0.26 pp	—
TEXTerex Corporation	—	−10,922	—	exited	−0.01 pp	—
STLAStellantis N.V.	—	−37,000	—	exited	0.00 pp	—

Source

Form: 13F-HR
Reading: 2 defects · 0 unresolved
Accession: 0001213900-26-082192
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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 2026-06-30

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