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Funds (13F)

Greenhaven Associates Inc

Backtest from 9 Aug 2013 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+16.0%
S&P 500 +13.9%
Last 12 months
+23.1%
S&P 500 +12.1%
Sharpe ratio
0.64
S&P 500 0.77
Biggest drop
−49.9%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $71.2k$55.9k
Greenhaven Associates IncS&P 500 $10,000 in Greenhaven Associates Inc from 9 Aug 2013 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Greenhaven Associates Inc's quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.

Greenhaven Associates Inc's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+16.0%+13.9%
Total return+612%+459%
Last 12 months+23.1%+12.1%
Last 3 months+11.2%—
Last month+10.6%—
This year so far+25.3%—
Volatility a year25.1%16.0%
Sharpe ratio0.640.77
Biggest drop−49.9%−31.8%
Beta to the S&P 5001.251.00
Alpha a year (t-statistic)+0.6% (0.14)—
Share of weeks up55%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck.

Insights

CompanyWeightHeld sinceReturn since
LEN13.5%——
TOL12.2%——
BDX11.3%——
PHM9.9%——
DHI7.5%——
ICLR7.1%——
ACN5.5%——
OSK5.2%——
ARW5.0%——
AVT4.4%——
BAX4.0%——
AVTR3.2%——
LEA2.6%——
SLB2.3%——
IQV2.0%——
MTH1.4%——
NOV1.4%——
DNOW0.7%——
EPAM0.6%——
CRH0.0%——
A0.0%——
SCHW0.0%——
JPM0.0%——
UNP0.0%——
G0.0%——

Weighted by reported value in the latest 13F, held until the next filing.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest9 Aug 2013 to 2 Nov 2026+16.0%+13.9%0.640.77−49.9%1.25+0.6% (0.14)
2018 onwards5 Jan 2018 to 2 Nov 2026+13.4%+13.9%0.480.66−49.9%1.27−1.1% (−0.18)
Last three years3 Nov 2023 to 2 Nov 2026+24.0%+21.8%0.851.16−27.7%0.89+5.2% (0.46)
Last year7 Nov 2025 to 2 Nov 2026+24.3%+14.2%0.850.84−19.0%0.59+14.6% (0.62)
DateCompanyAction
31 Jul 2026IQVBought
31 Jul 2026EPAMBought
31 Jul 2026BDXBought
31 Jul 2026ACNBought
10 Apr 2026DNOWBought
9 Jan 2026TFXBought
9 Jan 2026SLBBought
9 Jan 2026RHIBought
7 Nov 2025BAXBought
7 Nov 2025AVTRBought
11 Jul 2025ICLRBought
4 Apr 2025STLABought
4 Apr 2025RHIBought
4 Apr 2025MRPBought
4 Oct 2024UNPBought
4 Oct 2024TOLBought
4 Oct 2024TEXBought
4 Oct 2024SCHWBought
4 Oct 2024PHMBought
4 Oct 2024OSKBought
4 Oct 2024NOVBought
4 Oct 2024MTHBought
4 Oct 2024MSBought
4 Oct 2024LENBought
4 Oct 2024LEABought

Dated at the rebalance that made the change.

DateCompanyAction
31 Jul 2026TEXSold
31 Jul 2026STLASold
10 Apr 2026TFXSold
10 Apr 2026RHISold
10 Apr 2026MRPSold
10 Apr 2026CSold
9 Jan 2026GSSold
7 Nov 2025MSSold
11 Jul 2025RHISold
4 Apr 2025IPSold

Dated at the rebalance that made the change.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest