Greenhaven Associates Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 7, 2026), Greenhaven Associates Inc. reported 30 stock positions worth $6.2 billion. Its top holding was General Motors Co (GM) at 20.0% of the portfolio, followed by Lennar Class A (LEN, 16.8%) and Toll Brothers (TOL, 12.3%). Compared with Q3 2025, it opened 4 new positions, sold out of 1, added to 7 and reduced 13. The biggest buy was a new position in SLB (SLB) and the biggest sale General Motors Co (GM) (shares −34%).
- Most Recent 13F
- Q2 2026
- Location
- Purchase, NY
- CIK
- 0000846222
- Portfolio Value
- $6.2B (Q4 2025)
- SEC Filing
- 0001213900-26-002117 ↗ filed Jan 7, 2026
Holdings Value
Holdings 30 stocks · $6.2B
| General Motors Co (GM) | 20.01% | 15,178,957 | $1.2B | Reduce -34.2% |
| LEN Lennar Corp. Class A | 16.82% | 10,094,147 | $1.0B | Add +4.6% |
| TOL Toll Brothers Inc. | 12.28% | 5,603,187 | $757.7M | Add +0.4% |
| PHM Pultegroup Inc. | 10.52% | 5,534,428 | $649.0M | Reduce -0.6% |
| DHI D.R. Horton Inc. | 8.13% | 3,484,146 | $501.8M | Reduce -4.2% |
| OSK Oshkosh Corp. | 5.13% | 2,521,296 | $316.8M | Reduce -0.2% |
| AVTR Avantor Inc. | 3.81% | 20,500,653 | $234.9M | Add +11.9% |
| ARW Arrow Electronics Inc. | 3.39% | 1,899,971 | $209.3M | Add +0.1% |
| BAX Baxter International Inc. | 3.31% | 10,693,223 | $204.3M | Add +70.0% |
| LEA Lear Corp. | 3.30% | 1,776,038 | $203.5M | Reduce -1.1% |
| AVT Avnet Inc. | 3.06% | 3,928,866 | $188.9M | Reduce 0.0% |
| SLB SLB Ltd. filed as SLB LIMITED | 2.90% | 4,660,827 | $178.9M | New |
| MRP Millrose Properties | 2.23% | 4,596,584 | $137.3M | Reduce -0.1% |
| MTH Meritage Homes Corp. | 1.56% | 1,465,340 | $96.4M | Add +0.8% |
| NOV Nov Inc. | 1.46% | 5,745,138 | $89.8M | Reduce -0.0% |
| VBIL Vanguard 0-3M T-Bill ETF | 0.94% | 772,725 | $58.3M | Add +54.5% |
| LEN.B Lennar Corp. Class B | 0.56% | 364,059 | $34.6M | No change |
| TFX Teleflex Inc. | 0.24% | 122,079 | $14.9M | New |
| C Citigroup Inc. | 0.06% | 33,260 | $3.9M | Reduce -60.1% |
| ICLR Icon PLC | 0.05% | 17,394 | $3.2M | Reduce -0.1% |
| RHI Robert Half Inc. | 0.05% | 104,700 | $2.8M | New |
| TMHC Taylor Morrison Home Corp. | 0.05% | 47,500 | $2.8M | New |
| CRH CRH PLC | 0.04% | 20,000 | $2.5M | Reduce -20.0% |
| A Agilent Technologies Inc. | 0.02% | 10,700 | $1.5M | No change |
| JPM JPMorgan Chase & Co. | 0.02% | 4,000 | $1.3M | No change |
| SCHW Schwab (charles) Corp. | 0.02% | 12,500 | $1.2M | Reduce -16.7% |
| TEX Terex Corp. | 0.02% | 19,422 | $1.0M | Reduce -98.7% |
| UNP Union Pacific Corp. | 0.01% | 2,032 | $470K | No change |
| G Genpact Ltd. | 0.01% | 10,000 | $468K | No change |
| STLA Stellantis NV | 0.01% | 36,000 | $392K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| General Motors Co (GM) | Reduce -34.2% | 20.01% | −1.38 |
| DHI D.R. Horton Inc. | Reduce -4.2% | 8.13% | −1.24 |
| TEX Terex Corp. | Reduce -98.7% | 0.02% | −1.14 |
| PHM Pultegroup Inc. | Reduce -0.6% | 10.52% | −0.67 |
| MRP Millrose Properties | Reduce -0.1% | 2.23% | −0.13 |
| C Citigroup Inc. | Reduce -60.1% | 0.06% | −0.07 |
| AVT Avnet Inc. | Reduce 0.0% | 3.06% | −0.06 |
| GS Goldman Sachs Group Inc. | Sold out | 0.00% | −0.01 |
| CRH CRH PLC | Reduce -20.0% | 0.04% | −0.01 |
| SCHW Schwab (charles) Corp. | Reduce -16.7% | 0.02% | −0.00 |
| ICLR Icon PLC | Reduce -0.1% | 0.05% | +0.01 |
| OSK Oshkosh Corp. | Reduce -0.2% | 5.13% | +0.15 |
| NOV Nov Inc. | Reduce -0.0% | 1.46% | +0.30 |
| LEA Lear Corp. | Reduce -1.1% | 3.30% | +0.55 |
Portfolio Buys Q3 2025 → Q4 2025
| SLB SLB Ltd. | New | 2.90% | +2.90 |
| BAX Baxter International Inc. | Add +70.0% | 3.31% | +1.13 |
| TOL Toll Brothers Inc. | Add +0.4% | 12.28% | +0.56 |
| VBIL Vanguard 0-3M T-Bill ETF | Add +54.5% | 0.94% | +0.37 |
| AVTR Avantor Inc. | Add +11.9% | 3.81% | +0.33 |
| TFX Teleflex Inc. | New | 0.24% | +0.24 |
| RHI Robert Half Inc. | New | 0.05% | +0.05 |
| TMHC Taylor Morrison Home Corp. | New | 0.05% | +0.05 |
| MTH Meritage Homes Corp. | Add +0.8% | 1.56% | −0.04 |
| ARW Arrow Electronics Inc. | Add +0.1% | 3.39% | −0.10 |
| LEN Lennar Corp. Class A | Add +4.6% | 16.82% | −1.69 |
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 |