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Asset manager

Greenhaven Associates Inc

13F for the quarter to June 30, 2026, filed July 28, 2026 · SEC CIK 846222

Reported value
$8.7bn
88% in companies we cover
Positions we cover
25
Largest LEN 11.8%
Copy, a year
+16.0%
S&P 500 +13.9%
Copy Sharpe ratio
0.64
S&P 500 0.77

How copying its 13F would have done

$10.0k$20.0k$40.0k 2013201520172019202120232025 $71.2k$55.9k
CopyS&P 500 $10,000 copying Greenhaven Associates Inc's filed holdings in companies we cover from August 9, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −49.9% (S&P 500 −31.8%); beta 1.25; alpha +0.6% a year (t = 0.14); last 12 months +23.1% against +12.1%.

Reported value by quarter

Greenhaven Associates Inc: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $2T $4T $6T Reported value, 2013-06-30: $3.7B Reported value, 2013-09-30: $4.3B Reported value, 2013-12-31: $4.8B Reported value, 2014-03-31: $4.9B Reported value, 2014-06-30: $5.3B Reported value, 2014-09-30: $5.2B Reported value, 2014-12-31: $5.6B Reported value, 2015-03-31: $5.6B Reported value, 2015-06-30: $5.5B Reported value, 2015-09-30: $5B Reported value, 2015-12-31: $5.3B Reported value, 2016-03-31: $5.2B Reported value, 2016-06-30: $10.2B Reported value, 2016-09-30: $5.2B Reported value, 2016-12-31: $5.9B Reported value, 2017-03-31: $6.3B Reported value, 2017-06-30: $6.6B Reported value, 2017-09-30: $6.7B Reported value, 2017-12-31: $6.6B Reported value, 2018-03-31: $6.4B Reported value, 2018-06-30: $6.7B Reported value, 2018-09-30: $6.5B Reported value, 2018-12-31: $5.2B Reported value, 2019-03-31: $5.6B Reported value, 2019-06-30: $5.7B Reported value, 2019-09-30: $4.9B Reported value, 2019-12-31: $4.5B Reported value, 2020-03-31: $2.7B Reported value, 2020-06-30: $4.5B Reported value, 2020-09-30: $4.6B Reported value, 2020-12-31: $5.3B Reported value, 2021-03-31: $4.4B Reported value, 2021-06-30: $3.4B Reported value, 2021-09-30: $3B Reported value, 2021-12-31: $4B Reported value, 2022-03-31: $3.8B Reported value, 2022-06-30: $4.6B Reported value, 2022-09-30: $4.8B Reported value, 2022-12-31: $5.6T Reported value, 2023-03-31: $6.4B Reported value, 2023-06-30: $7.5B Reported value, 2023-09-30: $7.7B Reported value, 2023-12-31: $9.4B Reported value, 2024-03-31: $10.9B Reported value, 2024-06-30: $7.6B Reported value, 2024-09-30: $8.5B Reported value, 2024-12-31: $6.8B Reported value, 2025-03-31: $6.3B Reported value, 2025-06-30: $6.7B Reported value, 2025-09-30: $6.6B Reported value, 2025-12-31: $6.2B Reported value, 2026-03-31: $6.1B Reported value, 2026-06-30: $8.7B 2013-06-30 2016-03-31 2018-12-31 2021-09-30 2026-06-30 $8.7B
View chart data
Period Reported value
2013-06-30 $3.7B
2013-09-30 $4.3B
2013-12-31 $4.8B
2014-03-31 $4.9B
2014-06-30 $5.3B
2014-09-30 $5.2B
2014-12-31 $5.6B
2015-03-31 $5.6B
2015-06-30 $5.5B
2015-09-30 $5B
2015-12-31 $5.3B
2016-03-31 $5.2B
2016-06-30 $10.2B
2016-09-30 $5.2B
2016-12-31 $5.9B
2017-03-31 $6.3B
2017-06-30 $6.6B
2017-09-30 $6.7B
2017-12-31 $6.6B
2018-03-31 $6.4B
2018-06-30 $6.7B
2018-09-30 $6.5B
2018-12-31 $5.2B
2019-03-31 $5.6B
2019-06-30 $5.7B
2019-09-30 $4.9B
2019-12-31 $4.5B
2020-03-31 $2.7B
2020-06-30 $4.5B
2020-09-30 $4.6B
2020-12-31 $5.3B
2021-03-31 $4.4B
2021-06-30 $3.4B
2021-09-30 $3B
2021-12-31 $4B
2022-03-31 $3.8B
2022-06-30 $4.6B
2022-09-30 $4.8B
2022-12-31 $5.6T
2023-03-31 $6.4B
2023-06-30 $7.5B
2023-09-30 $7.7B
2023-12-31 $9.4B
2024-03-31 $10.9B
2024-06-30 $7.6B
2024-09-30 $8.5B
2024-12-31 $6.8B
2025-03-31 $6.3B
2025-06-30 $6.7B
2025-09-30 $6.6B
2025-12-31 $6.2B
2026-03-31 $6.1B
2026-06-30 $8.7B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
LENLennar11.82%$1.0bn11.32M+6.4% Added
TOLToll Brothers, Inc.10.71%$927.6m5.63M−0.3%
BDXBecton Dickinson9.93%$859.8m5.68MNew
PHMPulteGroup8.64%$748.6m5.46M−0.7% Reduced
DHID. R. Horton6.59%$571.0m3.51M+1.1% Added
ICLRIcon PLC6.22%$538.6m3.10M+54.8% Added
ACNAccenture4.86%$421.2m3.38MNew
OSKOshkosh Corp4.53%$392.7m2.56M+1.1% Added
ARWArrow Electronics, Inc.4.35%$376.5m1.76M−6.9% Reduced
AVTAvnet Inc3.87%$335.1m3.77M−3.8% Reduced
BAXBaxter International3.52%$304.6m14.29M−0.2%
AVTRAvantor, Inc.2.82%$243.9m24.64M+9.0% Added
LEALear Corp2.25%$195.2m1.46M−14.2% Reduced
SLBSchlumberger2.04%$176.8m3.80M−18.5% Reduced
IQVIQVIA1.71%$148.4m768.0KNew
MTHMeritage Homes Corp1.26%$108.8m1.30M−10.8% Reduced
NOVNOV Inc.1.20%$104.3m5.62M−2.3% Reduced
DNOWDnow Inc.0.65%$56.3m4.34M+426.8% Added
EPAMEPAM Systems, Inc.0.54%$46.6m587.3KNew
CRHCRH plc0.02%$1.9m17.5K0.0%
AAgilent Technologies0.02%$1.4m10.7K0.0%
SCHWCharles Schwab Corporation0.01%$1.2m12.5K0.0%
JPMJPMorgan Chase0.01%$818,3252.5K−37.5% Reduced
UNPUnion Pacific Corporation0.01%$552,7042.0K0.0%
GGenpact LTD0.00%$275,00010.0K0.0%
CompanyBought (value)Shares
BDXBecton Dickinson$859.8m5.68M
ACNAccenture$421.2m3.38M
ICLRIcon PLC$190.8m1.10M
IQVIQVIA$148.4m768.0K
LENLennar$61.9m684.1K
EPAMEPAM Systems, Inc.$46.6m587.3K
DNOWDnow Inc.$45.6m3.52M
AVTRAvantor, Inc.$20.2m2.04M
DHID. R. Horton$6.3m38.9K
OSKOshkosh Corp$4.2m27.7K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
SLBSchlumberger−$40.1m−862.2K
LEALear Corp−$32.4m−241.4K
ARWArrow Electronics, Inc.−$28.1m−131.7K
MTHMeritage Homes Corp−$13.2m−157.4K
AVTAvnet Inc−$13.1m−147.7K
PHMPulteGroup−$5.6m−41.2K
TOLToll Brothers, Inc.−$2.5m−15.2K
NOVNOV Inc.−$2.4m−131.3K
TEXTerex Corp−$645,490−10.9K
JPMJPMorgan Chase−$490,995−1.5K
BAXBaxter International−$478,847−22.5K
STLAStellantis N.V.−$262,330−37.0K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
TEXTerex Corp$645,49010.9K
STLAStellantis N.V.$262,33037.0K
  • Consumer Discretionary47.1%
  • Health Care27.6%
  • Technology15.6%
  • Industrials5.9%
  • Energy3.7%
  • Materials0.0%
  • Financials0.0%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestAugust 9, 2013 to November 2, 2026+16.0%+13.9%0.640.77−49.9%1.25
2018 onwardsJanuary 5, 2018 to November 2, 2026+13.4%+13.9%0.480.66−49.9%1.27
Last three yearsNovember 3, 2023 to November 2, 2026+24.0%+21.8%0.851.16−27.7%0.89
Last yearNovember 7, 2025 to November 2, 2026+24.3%+14.2%0.850.84−19.0%0.59

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.