GoodHaven Capital Management, LLC
Long book
$286.2M
Q1 2026
Positions
24
Top-10 weight
81%
concentration
Last quarter
+10.5%
SPY +14.8%
Turnover
4%
of book per quarter
Strategy in plain words
auto-generated from filingsGoodHaven Capital Management, LLC is a concentrated fundamental stock-picker, running a $286.2M US long book across 24 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: BERKSHIRE HATHAWAY INC-CL B, ALPHABET INC-CL C, DEVON ENERGY CORP, BANK OF AMERICA CORP, JEFFERIES FINANCIAL GROUP IN.
Over the last 9 quarters its long book ran on average 2.5pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-2.3%
Q2 2024
+12.2%
Q3 2024
-0.2%
Q4 2024
-4.0%
Q1 2025
+0.6%
Q2 2025
+8.1%
Q3 2025
+0.3%
Q4 2025
-7.3%
Q1 2026
+10.5%
Sector allocation
Financials 53%
Technology 13%
Consumer discretionary 13%
Energy 10%
Industrials 6%
Real estate 5%
Long book by quarter
What does GoodHaven Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 122.4K | $58.6M | 20.5% | -0.2% |
| GOOG ALPHABET INC-CL C | Technology | 127.3K | $36.5M | 12.8% | -0.1% |
| DVN DEVON ENERGY CORP | Energy | 454.5K | $22.9M | 8.0% | 0.0% |
| BAC BANK OF AMERICA CORP | Financials | 423.5K | $20.6M | 7.2% | 0.0% |
| JEF JEFFERIES FINANCIAL GROUP IN | Financials | 444.8K | $18.4M | 6.4% | +0.5% |
| CB CHUBB LTD | Financials | 54.3K | $17.7M | 6.2% | 0.0% |
| BLDR BUILDERS FIRSTSOURCE INC | Consumer discretionary | 185.4K | $15.3M | 5.3% | +8.7% |
| BN BROOKFIELD CORP | Real estate | 347.3K | $14.1M | 4.9% | +0.8% |
| LEN/B LENNAR CORP - B SHS | Industrials | 163.4K | $13.7M | 4.8% | +8.2% |
| KKR KKR & CO INC | Financials | 143.3K | $13.3M | 4.6% | +18.1% |
| PGR PROGRESSIVE CORP | Financials | 57.4K | $11.4M | 4.0% | 0.0% |
| ARW ARROW ELECTRONICS INC | Consumer discretionary | 69.9K | $10.0M | 3.5% | 0.0% |
| ABG ASBURY AUTOMOTIVE GROUP | Consumer discretionary | 43.8K | $8.6M | 3.0% | +64.5% |
| MKL MARKEL GROUP INC | Financials | 2.9K | $5.6M | 2.0% | +0.8% |
| HESM HESS MIDSTREAM LP - CLASS A | Energy | 134.2K | $5.2M | 1.8% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 8.0K | $2.4M | 0.8% | Held |
| TOL TOLL BROTHERS INC | Industrials | 17.0K | $2.3M | 0.8% | 0.0% |
| GIC GLOBAL INDUSTRIAL CO | Consumer discretionary | 33.0K | $1.0M | 0.4% | -0.2% |
| LOAR LOAR HOLDINGS INC | Industrials | 10.0K | $573K | 0.2% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 1.1K | $330K | 0.1% | Held |
| BAM BROOKFIELD ASSET MGMT-A | Financials | 5.7K | $252K | 0.1% | Held |
| BNT BROOKFIELD WEALTH SOLUTIONS | Financials | 204 | $8K | 0.0% | -1.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 26 | $287.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 26 | $308.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 7, 2025 | 26 | $310.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 26 | $287.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 14, 2025 | 25 | $295.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 27 | $310.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 26 | $301.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 26 | $272.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 26 | $265.7M | canonical | SEC ↗ |
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