In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Greenhouse Funds LLLP reported 32 stock positions worth $2.3 billion . Its top holding was Sportradar Group AG-A (SRAD) at 7.6% of the portfolio, followed by Chefs' Warehouse (CHEF, 5.4% ) and Fluor (FLR, 5.3% ). Compared with Q3 2024, it opened 2 new positions, sold out of 3, added to 18 and reduced 10. The biggest buy was Sportradar Group AG-A (SRAD, shares +2% ) and the biggest sale an exit from Vista Outdoor (VSTO).
Location BALTIMORE, MD
CIK 0001626220
Portfolio Value $2.3B (Q4 2024) Holdings 32 stocks · $2.3B 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 Q3 2024 SRAD Sportradar Group AG-A 9,853,973 $170.9M Add +2.0% CHEF The Chefs' Warehouse Inc. 2,452,981 $121.0M Add +3.3% FLR Fluor Corp. 2,437,981 $120.2M Reduce -3.1% BILL Bill Holdings Inc. 1,396,617 $118.3M Add +0.8% VYX NCR Voyix Corp. 8,332,854 $115.3M Add +10.4% MSGS Madison Square Garden Sports 394,620 $89.1M Reduce -4.4% AVDX Avidxchange Holdings Inc. 8,498,322 $87.9M Reduce -20.4% MCW Mister Car Wash Inc. 11,854,711 $86.4M Add +19.3% NCLH Norwegian Cruise Line Holdin 3,356,290 $86.4M Reduce -9.1% OLED Universal Display Corp. 583,603 $85.3M Add +11.2% HQY Healthequity Inc. 884,404 $84.9M Add +11.6% CDRE Cadre Holdings Inc. 2,616,728 $84.5M Reduce -3.3% SSNC Ss&c Technologies Holdings 1,050,592 $79.6M Add +30.8% NEO Neogenomics Inc. 4,701,897 $77.5M Add +5.3% GTM Zoominfo Technologies Inc. 7,295,163 $76.7M Add +82.5% PHR Phreesia Inc. 2,873,892 $72.3M Add +27.9% GPN Global Payments Inc. 639,876 $71.7M Add +9.0% OII Oceaneering Intl Inc. 2,689,795 $70.1M Add +10.0% TOST Toast Inc. Class A 1,835,098 $66.9M Reduce -32.2% GSAT Globalstar Inc. 26,492,248 $54.8M Add +14.2% YOU Clear Secure Inc. Class A 2,041,878 $54.4M Reduce -18.0% VMI Valmont Industries 175,809 $53.9M No change CFLT Confluent Inc. Class A 1,820,446 $50.9M Add +263.8% HAYW Hayward Holdings Inc. 3,199,663 $48.9M Add +0.1% RBC RBC Bearings Inc. 155,885 $46.6M Add +17.6% GTLB Gitlab Inc. Class A 718,849 $40.5M Reduce -25.7% MMSI Merit Medical Systems Inc. 403,328 $39.0M No change ALAB Astera Labs Inc. 253,492 $33.6M Reduce -57.5% WSC Willscot Holdings Corp. 738,436 $24.7M New CLAR Clarus Corp. 5,400,621 $24.4M Reduce -0.8% MIR Mirion Technologies Inc. 700,623 $12.2M New NVT Nvent Electric PLC 113,377 $7.7M Add +0.5%
Options reported separately and not counted above: GPN calls ($44.8M), YOU calls ($27.3M), XBI calls ($22.5M), WSC calls ($16.7M), CPRI calls ($15.8M), MCW calls ($12.8M), GTM calls ($1.1M).
Portfolio Sells Q3 2024 → Q4 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 Q3 2024 % Of Portfolio Change To Portfolio ▲ VSTO Vista Outdoor Inc. Sold out 0.00% −2.39 YOU Clear Secure Inc. Class A Reduce -18.0% 2.41% −1.67 GNRC Generac Holdings Inc. Sold out 0.00% −1.47 CDRE Cadre Holdings Inc. Reduce -3.3% 3.75% −1.33 TOST Toast Inc. Class A Reduce -32.2% 2.96% −0.82 GTLB Gitlab Inc. Class A Reduce -25.7% 1.79% −0.67 PTEN Patterson-Uti Energy Inc. Sold out 0.00% −0.61 FLR Fluor Corp. Reduce -3.1% 5.33% −0.61 AVDX Avidxchange Holdings Inc. Reduce -20.4% 3.89% −0.38 MSGS Madison Square Garden Sports Reduce -4.4% 3.95% −0.30 CLAR Clarus Corp. Reduce -0.8% 1.08% −0.13 ALAB Astera Labs Inc. Reduce -57.5% 1.49% −0.06 NCLH Norwegian Cruise Line Holdin Reduce -9.1% 3.83% +0.08
Portfolio Buys Q3 2024 → Q4 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 Q3 2024 % Of Portfolio Change To Portfolio ▼ SRAD Sportradar Group AG-A Add +2.0% 7.57% +1.79 CFLT Confluent Inc. Class A Add +263.8% 2.26% +1.75 BILL Bill Holdings Inc. Add +0.8% 5.24% +1.63 GTM Zoominfo Technologies Inc. Add +82.5% 3.40% +1.36 WSC Willscot Holdings Corp. New 1.09% +1.09 GSAT Globalstar Inc. Add +14.2% 2.43% +1.01 PHR Phreesia Inc. Add +27.9% 3.20% +0.67 MCW Mister Car Wash Inc. Add +19.3% 3.83% +0.63 SSNC Ss&c Technologies Holdings Add +30.8% 3.53% +0.58 HQY Healthequity Inc. Add +11.6% 3.76% +0.55 MIR Mirion Technologies Inc. New 0.54% +0.54 CHEF The Chefs' Warehouse Inc. Add +3.3% 5.36% +0.43 GPN Global Payments Inc. Add +9.0% 3.18% +0.21 NEO Neogenomics Inc. Add +5.3% 3.43% +0.18 RBC RBC Bearings Inc. Add +17.6% 2.07% +0.10 OII Oceaneering Intl Inc. Add +10.0% 3.11% +0.10 VYX NCR Voyix Corp. Add +10.4% 5.11% +0.05 NVT Nvent Electric PLC Add +0.5% 0.34% −0.05 HAYW Hayward Holdings Inc. Add +0.1% 2.17% −0.26 OLED Universal Display Corp. Add +11.2% 3.78% −1.66
Options Activity Q3 2024 → Q4 2024 Security Type Change vs Q3 2024 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Sold out 900,000 $516.4Mbefore exit YOU Clear Secure Inc. Class A call New 1,026,300 $27.3M XBI SS SPDR S&P Biotech ETF call New 250,000 $22.5M VFC VF Corp. call Sold out 1,000,000 $19.9Mbefore exit WSC Willscot Holdings Corp. call New 500,000 $16.7M CPRI Capri Holdings Ltd. call New 750,000 $15.8M MCW Mister Car Wash Inc. call New 1,750,000 $12.8M CFLT Confluent Inc. Class A call Sold out 400,000 $8.2Mbefore exit
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