In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Greenhouse Funds LLLP reported 33 stock positions worth $2.0 billion . Its top holding was Fluor (FLR) at 5.9% of the portfolio, followed by Sportradar Group AG-A (SRAD, 5.8% ) and Universal Display (OLED, 5.4% ). Compared with Q2 2024, it opened 3 new positions, sold out of 5, added to 19 and reduced 9. The biggest buy was a new position in Global Payments (GPN) and the biggest sale an exit from Envestnet (ENV).
Location BALTIMORE, MD
CIK 0001626220
Portfolio Value $2.0B (Q3 2024) Holdings 33 stocks · $2.0B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q2 2024 FLR Fluor Corp. 2,516,819 $120.1M Add +0.5% SRAD Sportradar Group AG-A 9,660,011 $117.0M Add +5.1% OLED Universal Display Corp. 524,828 $110.2M Add +3.2% CDRE Cadre Holdings Inc. 2,704,790 $102.6M Reduce -5.3% VYX NCR Voyix Corp. 7,545,822 $102.4M Add +71.9% CHEF The Chefs' Warehouse Inc. 2,375,087 $99.8M Reduce -2.8% AVDX Avidxchange Holdings Inc. 10,675,134 $86.6M Add +64.4% MSGS Madison Square Garden Sports 412,686 $85.9M Add +1.3% YOU Clear Secure Inc. Class A 2,490,524 $82.5M Reduce -30.9% TOST Toast Inc. Class A 2,707,197 $76.6M Add +64.8% NCLH Norwegian Cruise Line Holdin 3,693,558 $75.8M Add +85.3% BILL Bill Holdings Inc. 1,385,615 $73.1M Add +9.0% NEO Neogenomics Inc. 4,464,406 $65.8M Reduce -6.7% HQY Healthequity Inc. 792,469 $64.9M Add +4.7% MCW Mister Car Wash Inc. 9,940,682 $64.7M Add +8.3% OII Oceaneering Intl Inc. 2,445,433 $60.8M Add +8.9% GPN Global Payments Inc. 586,883 $60.1M New SSNC Ss&c Technologies Holdings 803,019 $59.6M New PHR Phreesia Inc. 2,247,313 $51.2M Add +21.8% VMI Valmont Industries 175,809 $51.0M Reduce -35.0% GTLB Gitlab Inc. Class A 967,285 $49.9M Add +229.0% HAYW Hayward Holdings Inc. 3,197,511 $49.0M Reduce -9.4% VSTO Vista Outdoor Inc. 1,233,850 $48.3M Add +5.3% GTM Zoominfo Technologies Inc. 3,996,632 $41.2M Reduce -4.2% MMSI Merit Medical Systems Inc. 403,328 $39.9M Reduce -56.4% RBC RBC Bearings Inc. 132,579 $39.7M Add +666.5% ALAB Astera Labs Inc. 596,908 $31.3M Add +138.2% GNRC Generac Holdings Inc. 187,813 $29.8M Add +1.1% GSAT Globalstar Inc. 23,191,778 $28.8M No change CLAR Clarus Corp. 5,441,771 $24.5M Add +2.3% PTEN Patterson-Uti Energy Inc. 1,603,605 $12.3M Reduce -60.0% CFLT Confluent Inc. Class A 500,449 $10.2M New NVT Nvent Electric PLC 112,789 $7.9M No change
Options reported separately and not counted above: SPY puts ($516.4M), GPN calls ($41.0M), VFC calls ($19.9M), CFLT calls ($8.2M), GTM calls ($1.0M).
Portfolio Sells Q2 2024 → Q3 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2024 % Of Portfolio Change To Portfolio ▲ ENV Envestnet Inc. Sold out 0.00% −4.67 INFN Infinera Corp. Sold out 0.00% −2.73 BLKB Blackbaud Inc. Sold out 0.00% −2.68 MMSI Merit Medical Systems Inc. Reduce -56.4% 1.97% −2.20 PTEN Patterson-Uti Energy Inc. Reduce -60.0% 0.61% −1.57 VMI Valmont Industries Reduce -35.0% 2.52% −1.37 HII Huntington Ingalls Industrie Sold out 0.00% −0.94 GTM Zoominfo Technologies Inc. Reduce -4.2% 2.04% −0.75 RNG Ringcentral Inc. Class A Sold out 0.00% −0.51 NEO Neogenomics Inc. Reduce -6.7% 3.25% −0.22 CHEF The Chefs' Warehouse Inc. Reduce -2.8% 4.93% −0.08 CDRE Cadre Holdings Inc. Reduce -5.3% 5.07% +0.05 HAYW Hayward Holdings Inc. Reduce -9.4% 2.42% +0.15 YOU Clear Secure Inc. Class A Reduce -30.9% 4.08% +0.54
Portfolio Buys Q2 2024 → Q3 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2024 % Of Portfolio Change To Portfolio ▼ GPN Global Payments Inc. New 2.97% +2.97 SSNC Ss&c Technologies Holdings New 2.94% +2.94 VYX NCR Voyix Corp. Add +71.9% 5.06% +2.22 NCLH Norwegian Cruise Line Holdin Add +85.3% 3.74% +1.78 RBC RBC Bearings Inc. Add +666.5% 1.96% +1.72 GTLB Gitlab Inc. Class A Add +229.0% 2.46% +1.70 TOST Toast Inc. Class A Add +64.8% 3.79% +1.57 ALAB Astera Labs Inc. Add +138.2% 1.55% +0.75 CFLT Confluent Inc. Class A New 0.50% +0.50 PHR Phreesia Inc. Add +21.8% 2.53% +0.48 SRAD Sportradar Group AG-A Add +5.1% 5.78% +0.39 MSGS Madison Square Garden Sports Add +1.3% 4.25% +0.23 OII Oceaneering Intl Inc. Add +8.9% 3.01% +0.22 FLR Fluor Corp. Add +0.5% 5.93% +0.22 GNRC Generac Holdings Inc. Add +1.1% 1.47% +0.19 AVDX Avidxchange Holdings Inc. Add +64.4% 4.28% +0.17 BILL Bill Holdings Inc. Add +9.0% 3.61% +0.11 VSTO Vista Outdoor Inc. Add +5.3% 2.39% +0.08 OLED Universal Display Corp. Add +3.2% 5.44% −0.16 HQY Healthequity Inc. Add +4.7% 3.21% −0.21 MCW Mister Car Wash Inc. Add +8.3% 3.20% −0.23 CLAR Clarus Corp. Add +2.3% 1.21% −0.67
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put New 900,000 $516.4M GPN Global Payments Inc. call Add +77.8% 400,000 $41.0M VSTO Vista Outdoor Inc. call Sold out 1,071,500 $40.3Mbefore exit CFLT Confluent Inc. Class A call New 400,000 $8.2M VC Visteon Corp. call Sold out 41,800 $4.5Mbefore exit INFN Infinera Corp. call Sold out 500,600 $3.0Mbefore exit GTM Zoominfo Technologies Inc. call New 100,000 $1.0M
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 29 $1.9B VYX, RBC, NEO, SRAD, HQY Q1 2026 28 $2.1B SRAD, GSAT, RBC, VYX, BILL Q4 2025 33 $2.6B VYX, BILL, SRAD, GSAT, NCLH Q3 2025 32 $2.6B VYX, SRAD, BILL, NCLH, GTM Q2 2025 31 $2.4B SRAD, VYX, BILL, OLED, GTM Q1 2025 33 $2.1B SRAD, VYX, MCW, BILL, AVDX Q4 2024 32 $2.3B SRAD, CHEF, FLR, BILL, VYX Q3 2024 33 $2.0B FLR, SRAD, OLED, CDRE, VYX Q2 2024 35 $1.9B FLR, OLED, SRAD, CDRE, CHEF Q1 2024 32 $1.6B CDRE, CHEF, FLR, SRAD, OLED