Greenhaven
Portfolio value$8.7B
Positions28
QuarterQ2 2026ended 2026-06-30
Filed07/282026
Greenhaven Associates Inc's Q2 2026 13F, filed Jul 28, 2026, reports 28 positions worth $8.7B. The ten largest are 79.1% of the book, led by Lennar at 11.8%, General Motors at 11.5% and Toll Brothers, Inc. (Tol) at 10.7%. Against Q1 2026: 4 bought, 7 added to, 11 reduced, 3 sold; the largest moves were bought Becton Dickinson and bought Accenture.
Where the money is
LENGMTOLBDXPHMDHIICLRACNOSKARW18 other
Holdings
| Ticker | Issuer | Weight | Value | Q-end → now | Price vs model | Change |
|---|---|---|---|---|---|---|
| LEN | Lennar Corporation - A (len) | 11.8% | $1.0B11.3M sh | 90.49 → −15% | 67% undervalued | added +6% |
| GM | General Motors CO (gm) | 11.5% | $992.3M12.9M sh | 77.08 → +9% | 53% overvalued | added +3% |
| TOL | Toll Brothers, Inc. (tol) | 10.7% | $927.6M5.6M sh | 164.75 | — | reduced −0% |
| BDX | Becton Dickinson & CO (bdx) | 9.9% | $859.8M5.7M sh | 151.33 → +27% | 14% undervalued | bought |
| PHM | Pultegroup Inc. (phm) | 8.6% | $748.6M5.5M sh | 137.21 → −17% | 47% undervalued | reduced −1% |
| DHI | D R Horton, Inc. (dhi) | 6.6% | $571.0M3.5M sh | 162.88 → −14% | 31% undervalued | added +1% |
| ICLR | Icon PLC (iclr) | 6.2% | $538.6M3.1M sh | 173.71 | — | added +55% |
| ACN | Accenture PLC (acn) | 4.9% | $421.2M3.4M sh | 124.44 → +85% | 13% undervalued | bought |
| OSK | Oshkosh Corp (osk) | 4.5% | $392.7M2.6M sh | 153.48 | — | added +1% |
| ARW | Arrow Electronics INC (arw) | 4.3% | $376.5M1.8M sh | 213.41 | — | reduced −7% |
| AVT | Avnet INC (avt) | 3.9% | $335.1M3.8M sh | 88.82 | — | reduced −4% |
| BAX | Baxter International INC (bax) | 3.5% | $304.6M14.3M sh | 21.32 → +19% | 35% overvalued | reduced −0% |
| AVTR | Avantor INC (avtr) | 2.8% | $243.9M24.6M sh | 9.90 | — | added +9% |
| LEA | Lear Corporation (lea) | 2.3% | $195.2M1.5M sh | 134.06 | — | reduced −14% |
| SLB | Slb LTD (slb) | 2.0% | $176.8M3.8M sh | 46.49 → +6% | 22% undervalued | reduced −18% |
| IQV | Iqvia Hldgs INC (iqv) | 1.7% | $148.4M768,045 sh | 193.22 → +38% | 12% overvalued | bought |
| MTH | Meritage Homes Corp (mth) | 1.3% | $108.8M1.3M sh | 83.85 | — | reduced −11% |
| NOV | Nov INC (nov) | 1.2% | $104.3M5.6M sh | 18.55 | — | reduced −2% |
| DNOW | Dnow INC (dnow) | 0.7% | $56.3M4.3M sh | 12.97 | — | added +427% |
| VBIL | Vanguard 0-3m T-bill ETF (vbil) | 0.6% | $50.1M662,000 sh | 75.68 | — | reduced −45% |
| EPAM | Epam Sys INC (epam) | 0.5% | $46.6M587,300 sh | 79.35 | — | bought |
| LEN/B | Lennar Corporation - B Shs (len/b) | 0.4% | $32.3M364,059 sh | 88.71 | — | held |
| CRH | Crh PLC (crh) | 0.0% | $1.9M17,500 sh | 107.00 → −22% | 5% overvalued | held |
| A | Agilent Technologies, Inc. (a) | 0.0% | $1.4M10,700 sh | 132.83 → +30% | 118% overvalued | held |
| SCHW | Charles Schwab Corporation (schw) | 0.0% | $1.2M12,500 sh | 92.27 → −0% | 43% undervalued | held |
| JPM | J P Morgan Chase (jpm) | 0.0% | $818,3252,500 sh | 327.33 → +4% | 11% overvalued | reduced −38% |
| UNP | Union Pacific Corp (unp) | 0.0% | $552,7042,032 sh | 272.00 → +6% | 23% overvalued | held |
| G | Genpact LTD (g) | 0.0% | $275,00010,000 sh | 27.50 | — | held |
Source: the manager's Form 13F-HR on SEC EDGAR, kept as immutable quarterly snapshots; changes compare two consecutive filings. A 13F is filed up to 45 days after quarter end and covers US-listed long positions only. Tickers come from a self-maintained CUSIP map; a position without one shows its CUSIP. Method notes in where the numbers come from.