Greenhaven Road Investment Management, L.P.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Greenhaven Road Investment Management, L.P. reported 18 stock positions worth $284.8 million. Its top holding was Par Technology (PAR) at 24.2% of the portfolio, followed by KKR (KKR, 11.0%) and Lifecore Biomedical (LFCR, 10.5%). Compared with Q1 2025, it opened 2 new positions, sold out of 1, added to 9 and reduced 5. The biggest buy was a new position in Ast Spacemobile (ASTS) and the biggest sale Cellebrite Di (CLBT, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- GREENWICH, CT
- CIK
- 0001741129
- Portfolio Value
- $284.8M (Q2 2025)
- SEC Filing
- 0001420506-25-001976 ↗ filed Aug 13, 2025
Holdings Value
Holdings 18 stocks · $284.8M
| PAR Par Technology Corp. | 24.24% | 995,014 | $69.0M | Reduce -1.2% |
| KKR KKR & Co. Inc. | 10.96% | 234,700 | $31.2M | Reduce -4.1% |
| LFCR Lifecore Biomedical Inc. | 10.53% | 3,694,832 | $30.0M | Add +2.2% |
| CLBT Cellebrite Di Ltd. | 8.53% | 1,518,047 | $24.3M | Reduce -3.4% |
| BUR Burford Capital Ltd. | 8.14% | 1,625,330 | $23.2M | Add +1.1% |
| HGTY Hagerty Inc. Class A | 6.43% | 1,811,539 | $18.3M | Add +33.1% |
| KWY Kingsway Corp. | 6.23% | 1,310,536 | $17.7M | Add +73.4% |
| LPX Louisiana-Pacific Corp. | 6.08% | 201,417 | $17.3M | Add +3.3% |
| SOC Sable Offshore Corp. | 4.98% | 645,889 | $14.2M | Add +7.5% |
| ASTS Ast Spacemobile Inc. | 4.40% | 268,000 | $12.5M | New |
| BNED Barnes & Noble Education Inc. | 4.07% | 984,162 | $11.6M | Reduce -8.0% |
| ALTG Alta Equipment Group Inc. | 3.02% | 1,360,501 | $8.6M | Reduce -24.2% |
| ALLT Allot Ltd. | 1.88% | 626,024 | $5.4M | Add +272.0% |
| NN Nextnav Inc. | 0.32% | 60,000 | $912K | No change |
| CCRD Corecard Corp. | 0.08% | 7,434 | $215K | New |
| MTRX Matrix Service Co. | 0.07% | 13,969 | $189K | No change |
| RSSS Research Solutions Inc. | 0.04% | 38,477 | $110K | Add +1.9% |
| QRHC Quest Resource Holding Corp. | 0.01% | 12,976 | $26K | Add +13.0% |
Options reported separately and not counted above: SABLE OFFSHORE CORP calls ($7.1M).
Portfolio Sells Q1 2025 → Q2 2025
| CLBT Cellebrite Di Ltd. | Reduce -3.4% | 8.53% | −4.03 |
| PAR Par Technology Corp. | Reduce -1.2% | 24.24% | −1.17 |
| APPS Digital Turbine Inc. | Sold out | 0.00% | −1.15 |
| KKR KKR & Co. Inc. | Reduce -4.1% | 10.96% | −0.67 |
| BNED Barnes & Noble Education Inc. | Reduce -8.0% | 4.07% | −0.55 |
| ALTG Alta Equipment Group Inc. | Reduce -24.2% | 3.02% | −0.44 |
Portfolio Buys Q1 2025 → Q2 2025
| ASTS Ast Spacemobile Inc. | New | 4.40% | +4.40 |
| KWY Kingsway Corp. | Add +73.4% | 6.23% | +3.77 |
| ALLT Allot Ltd. | Add +272.0% | 1.88% | +1.48 |
| HGTY Hagerty Inc. Class A | Add +33.1% | 6.43% | +1.37 |
| CCRD Corecard Corp. | New | 0.08% | +0.08 |
| LFCR Lifecore Biomedical Inc. | Add +2.2% | 10.53% | +0.07 |
| QRHC Quest Resource Holding Corp. | Add +13.0% | 0.01% | −0.00 |
| RSSS Research Solutions Inc. | Add +1.9% | 0.04% | −0.00 |
| BUR Burford Capital Ltd. | Add +1.1% | 8.14% | −0.59 |
| SOC Sable Offshore Corp. | Add +7.5% | 4.98% | −1.28 |
| LPX Louisiana-Pacific Corp. | Add +3.3% | 6.08% | −1.29 |
Options Activity Q1 2025 → Q2 2025
| SABLE OFFSHORE CORP | call | Add +281.5% | 325,000 | $7.1M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 17 | $154.0M | HGTY, CLBT, KWY, LFCR, PAR |
| Q1 2026 | 17 | $145.4M | HGTY, CLBT, KWY, ASTS, LFCR |
| Q4 2025 | 15 | $230.8M | HGTY, PAR, LFCR, CLBT, KWY |
| Q3 2025Amended | 15 | $242.3M | PAR, HGTY, CLBT, KKR, LFCR |
| Q2 2025 | 18 | $284.8M | PAR, KKR, LFCR, CLBT, BUR |
| Q1 2025 | 17 | $243.2M | PAR, CLBT, KKR, LFCR, BUR |
| Q4 2024 | 16 | $258.7M | PAR, CLBT, KKR, LFCR, BUR |
| Q3 2024 | 14 | $235.0M | PAR, KKR, CLBT, BUR, HGTY |
| Q2 2024 | 15 | $205.5M | PAR, KKR, CLBT, BUR, ALTG |
| Q1 2024 | 16 | $227.4M | PAR, KKR, CLBT, BUR, ALTG |