Greenhaven Associates Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 4, 2025), Greenhaven Associates Inc. reported 27 stock positions worth $6.6 billion. Its top holding was General Motors Co (GM) at 21.4% of the portfolio, followed by Lennar Class A (LEN, 18.5%) and Toll Brothers (TOL, 11.7%). Compared with Q2 2025, it opened 3 new positions, sold out of 1, added to 2 and reduced 18. The biggest buy was a new position in Avantor (AVTR) and the biggest sale Citigroup (C, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- Purchase, NY
- CIK
- 0000846222
- Portfolio Value
- $6.6B (Q3 2025)
- SEC Filing
- 0001213900-25-105801 ↗ filed Nov 4, 2025
Holdings Value
Holdings 27 stocks · $6.6B
| General Motors Co (GM) | 21.39% | 23,064,358 | $1.4B | Reduce -2.5% |
| LEN Lennar Corp. Class A | 18.50% | 9,653,394 | $1.2B | Add +1.7% |
| TOL Toll Brothers Inc. | 11.72% | 5,580,969 | $771.0M | Reduce -0.4% |
| PHM Pultegroup Inc. | 11.19% | 5,569,828 | $735.9M | Reduce -0.2% |
| DHI D.R. Horton Inc. | 9.38% | 3,637,763 | $616.5M | Reduce -1.2% |
| OSK Oshkosh Corp. | 4.98% | 2,526,606 | $327.7M | Reduce -1.1% |
| ARW Arrow Electronics Inc. | 3.49% | 1,898,399 | $229.7M | Reduce -0.8% |
| AVTR Avantor Inc. | 3.48% | 18,311,570 | $228.5M | New |
| AVT Avnet Inc. | 3.12% | 3,928,937 | $205.4M | Reduce -0.9% |
| LEA Lear Corp. | 2.75% | 1,795,824 | $180.7M | Reduce -2.5% |
| MRP Millrose Properties | 2.35% | 4,601,273 | $154.6M | Reduce -41.7% |
| BAX Baxter International Inc. | 2.18% | 6,288,349 | $143.2M | New |
| MTH Meritage Homes Corp. | 1.60% | 1,452,954 | $105.2M | Reduce -2.6% |
| NOV Nov Inc. | 1.16% | 5,747,682 | $76.2M | Add +15.4% |
| TEX Terex Corp. | 1.15% | 1,477,733 | $75.8M | Reduce -1.5% |
| LEN.B Lennar Corp. Class B | 0.66% | 364,059 | $43.7M | No change |
| VBIL Vanguard 0-3M T-Bill ETF | 0.57% | 500,000 | $37.8M | New |
| C Citigroup Inc. | 0.13% | 83,273 | $8.5M | Reduce -99.5% |
| ICLR Icon PLC | 0.05% | 17,409 | $3.0M | Reduce -1.3% |
| CRH CRH PLC | 0.05% | 25,000 | $3.0M | Reduce -7.2% |
| SCHW Schwab (charles) Corp. | 0.02% | 15,000 | $1.4M | Reduce -25.0% |
| A Agilent Technologies Inc. | 0.02% | 10,700 | $1.4M | No change |
| JPM JPMorgan Chase & Co. | 0.02% | 4,000 | $1.3M | Reduce -20.0% |
| GS Goldman Sachs Group Inc. | 0.01% | 1,000 | $796K | Reduce -60.0% |
| UNP Union Pacific Corp. | 0.01% | 2,032 | $480K | No change |
| G Genpact Ltd. | 0.01% | 10,000 | $419K | Reduce -9.2% |
| STLA Stellantis NV | 0.01% | 36,000 | $336K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| C Citigroup Inc. | Reduce -99.5% | 0.13% | −20.36 |
| MRP Millrose Properties | Reduce -41.7% | 2.35% | −0.99 |
| ARW Arrow Electronics Inc. | Reduce -0.8% | 3.49% | −0.13 |
| MS Morgan Stanley | Sold out | 0.00% | −0.02 |
| GS Goldman Sachs Group Inc. | Reduce -60.0% | 0.01% | −0.01 |
| AVT Avnet Inc. | Reduce -0.9% | 3.12% | −0.01 |
| SCHW Schwab (charles) Corp. | Reduce -25.0% | 0.02% | −0.01 |
| JPM JPMorgan Chase & Co. | Reduce -20.0% | 0.02% | −0.00 |
| G Genpact Ltd. | Reduce -9.2% | 0.01% | −0.00 |
| ICLR Icon PLC | Reduce -1.3% | 0.05% | +0.01 |
| CRH CRH PLC | Reduce -7.2% | 0.05% | +0.01 |
| TEX Terex Corp. | Reduce -1.5% | 1.15% | +0.11 |
| MTH Meritage Homes Corp. | Reduce -2.6% | 1.60% | +0.11 |
| LEA Lear Corp. | Reduce -2.5% | 2.75% | +0.15 |
| OSK Oshkosh Corp. | Reduce -1.1% | 4.98% | +0.67 |
| TOL Toll Brothers Inc. | Reduce -0.4% | 11.72% | +2.21 |
| DHI D.R. Horton Inc. | Reduce -1.2% | 9.38% | +2.32 |
| PHM Pultegroup Inc. | Reduce -0.2% | 11.19% | +2.44 |
| General Motors Co (GM) | Reduce -2.5% | 21.39% | +4.07 |
Portfolio Buys Q2 2025 → Q3 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 28 | $8.7B | LEN, General Motors Co (GM), TOL, BDX, PHM |
| Q1 2026 | 27 | $6.1B | General Motors Co (GM), LEN, TOL, PHM, DHI |
| Q4 2025 | 30 | $6.2B | General Motors Co (GM), LEN, TOL, PHM, DHI |
| Q3 2025 | 27 | $6.6B | General Motors Co (GM), LEN, TOL, PHM, DHI |
| Q2 2025 | 25 | $6.7B | C, General Motors Co (GM), LEN, TOL, PHM |
| Q1 2025 | 26 | $6.3B | C, General Motors Co (GM), LEN, TOL, PHM |
| Q4 2024 | 24 | $6.8B | General Motors Co (GM), LEN, C, TOL, PHM |
| Q3 2024 | 24 | $8.5B | LEN, General Motors Co (GM), C, CRH, TOL |
| Q2 2024 | 25 | $7.6B | LEN, General Motors Co (GM), C, CRH, TOL |
| Q1 2024 | 27 | $10.9B | LEN, General Motors Co (GM), C, GS, CRH |