GREENHAVEN ASSOCIATES INC
Long book
$6.07B
Q1 2026
Positions
27
Top-10 weight
84%
concentration
Last quarter
+14.9%
SPY +14.8%
Turnover
16%
of book per quarter
Strategy in plain words
auto-generated from filingsGREENHAVEN ASSOCIATES INC is a concentrated fundamental stock-picker, specialised in industrials (72% of the long book), running a $6.07B US long book across 27 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: General Motors Co (GM), LENNAR CORP-A, TOLL BROTHERS INC, PULTEGROUP INC, DR HORTON INC.
Over the last 9 quarters its long book ran on average 1.8pp per quarter behind the S&P 500, beating the index in 4 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
-5.5%
Q2 2024
+18.8%
Q3 2024
-13.3%
Q4 2024
-7.2%
Q1 2025
+8.4%
Q2 2025
+17.6%
Q3 2025
-9.3%
Q4 2025
-0.3%
Q1 2026
+14.9%
Sector allocation
Industrials 72%
Healthcare 13%
Consumer discretionary 10%
Energy 5%
Financials 0%
Services media 0%
Long book by quarter
What does GREENHAVEN ASSOCIATES own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| LEN LENNAR CORP-A | Industrials | 10.6M | $923.3M | 15.2% | +5.3% |
| TOL TOLL BROTHERS INC | Industrials | 5.6M | $770.4M | 12.7% | +0.8% |
| PHM PULTEGROUP INC | Industrials | 5.5M | $646.5M | 10.6% | -0.7% |
| DHI DR HORTON INC | Industrials | 3.5M | $475.7M | 7.8% | -0.5% |
| OSK OSHKOSH CORP | Industrials | 2.5M | $372.6M | 6.1% | +0.4% |
| ARW ARROW ELECTRONICS INC | Consumer discretionary | 1.9M | $271.9M | 4.5% | -0.2% |
| AVT AVNET INC | Consumer discretionary | 3.9M | $241.6M | 4.0% | -0.2% |
| BAX BAXTER INTERNATIONAL INC | Healthcare | 14.3M | $240.4M | 4.0% | +33.8% |
| SLB SLB LTD | Energy | 4.7M | $239.7M | 3.9% | +0.1% |
| ICLR ICON PLC | Healthcare | 2.0M | $221.6M | 3.6% | +11412.1% |
| LEA LEAR CORP | Industrials | 1.7M | $205.5M | 3.4% | -4.4% |
| AVTR AVANTOR INC | Healthcare | 22.6M | $177.1M | 2.9% | +10.2% |
| NOV NOV INC | Industrials | 5.8M | $108.2M | 1.8% | +0.1% |
| MTH MERITAGE HOMES CORP | Industrials | 1.5M | $90.0M | 1.5% | -0.7% |
| LEN/B LENNAR CORP - B SHS | Industrials | 364.1K | $30.6M | 0.5% | Held |
| TMHC TAYLOR MORRISON HOME CORP | Industrials | 270.6K | $15.8M | 0.3% | +469.7% |
| DNOW DNOW INC | Industrials | 824.5K | $9.8M | 0.2% | New |
| CRH CRH PLC | Industrials | 17.5K | $1.8M | 0.0% | -12.5% |
| A AGILENT TECHNOLOGIES INC | Healthcare | 10.7K | $1.2M | 0.0% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 4.0K | $1.2M | 0.0% | Held |
| SCHW SCHWAB (CHARLES) CORP | Financials | 12.5K | $1.2M | 0.0% | Held |
| TEX TEREX CORP | Industrials | 10.9K | $645K | 0.0% | -43.8% |
| UNP UNION PACIFIC CORP | Industrials | 2.0K | $493K | 0.0% | Held |
| G GENPACT LTD | Services media | 10.0K | $373K | 0.0% | Held |
| STLA STELLANTIS NV | Industrials | 37.0K | $262K | 0.0% | +2.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 6, 2026 | 27 | $6.07B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 7, 2026 | 30 | $6.17B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 4, 2025 | 27 | $6.58B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 8, 2025 | 25 | $6.72B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 2, 2025 | 26 | $6.29B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 17, 2025 | 24 | $6.76B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 2, 2024 | 24 | $8.53B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 15, 2024 | 25 | $7.61B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 26, 2024 | 27 | $10.86B | canonical | SEC ↗ |