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Livermore
Livermore
ZHEN

Greenhaven Associates

Superinvestor

Greenhaven Associates Inc

SEC CIK
0000846222
Manager
Edgar Wachenheim III
Style
Value
Latest filing
Jul 28, 2026

The latest 13F from Greenhaven Associates covers Q2 2026 (filed Jul 28, 2026): 28 long positions worth $8.66B. The top 10 holdings make up 79.1% of the portfolio, and the largest is Lennar Corp (LEN) at 11.8%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
4
Est. +$1.48B
Added
7
Est. +$355.9M
Reduced
11
Est. −$178.9M
Sold out
3
Est. −$16.7M

Top 5 holdings

Share of this quarter's portfolio value

  1. LENLennar Corp
    11.8%$1.02BHistory
  2. General Motors Co (GM)35045V100
    11.5%$992.3M
  3. TOLToll Brothers, Inc.
    10.7%$927.6MHistory
  4. BDXBecton Dickinson & Co
    9.9%$859.8MHistory
  5. PHMPultegroup Inc
    8.6%$748.6MHistory

Share of portfolio

Top 5 holdings and the other 23 positions, by share of portfolio value

  1. LEN11.8%
  2. General Motors Co (GM)11.5%
  3. TOL10.7%
  4. BDX9.9%
  5. PHM8.6%
  6. Other 23 positions47.4%

Biggest buys

New and added positions, by estimated amount bought

  1. BDXBecton Dickinson & Co
    +$859.8MNewHistory
  2. ACNAccenture plc
    +$421.2MNewHistory
  3. ICLRIcon PLC
    +$190.8MAddedHistory
  4. IQVIQVIA Holdings Inc.
    +$148.4MNewHistory
  5. LENLennar Corp
    +$61.9MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. BDXBecton Dickinson & Co
    +9.93 pp0.0% → 9.9%History
  2. ACNAccenture plc
    +4.86 pp0.0% → 4.9%History
  3. ICLRIcon PLC
    +2.57 pp3.6% → 6.2%History
  4. IQVIQVIA Holdings Inc.
    +1.71 pp0.0% → 1.7%History
  5. EPAMEPAM Systems, Inc.
    +0.54 pp0.0% → 0.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Vanguard Instl Index FD922040845
    −$40.4MReduced
  2. SLBSLB Limited
    −$40.1MReducedHistory
  3. LEALear Corp
    −$32.4MReducedHistory
  4. ARWArrow Electronics, Inc.
    −$28.1MReducedHistory
  5. TMHCTaylor Morrison Home Corp
    −$15.8MSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. PHMPultegroup Inc
    −2.00 pp10.6% → 8.6%History
  2. TOLToll Brothers, Inc.
    −1.98 pp12.7% → 10.7%History
  3. SLBSLB Limited
    −1.91 pp3.9% → 2.0%History
  4. LEALear Corp
    −1.13 pp3.4% → 2.3%History
  5. Vanguard Instl Index FD922040845
    −0.91 pp1.5% → 0.6%

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$8.66B
+$2.59B (+42.6%) vs. prior quarter
Positions
28
+1 vs. prior quarter
Top 10 concentration
79.1%
Top 10 as share of value
Turnover
2.7%
Q2 2026, one quarter
Average holding period
14.1 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $10.9B (Q1 2024)

Q1 2021: $4.43BQ2 2021: $3.42BQ3 2021: $3.00BQ4 2021: $3.95BQ1 2022: $3.77BQ2 2022: $4.63BQ3 2022: $4.75BQ4 2022: $5.63BQ1 2023: $6.44BQ2 2023: $7.53BQ3 2023: $7.71BQ4 2023: $9.38BQ1 2024: $10.9BQ2 2024: $7.61BQ3 2024: $8.53BQ4 2024: $6.76BQ1 2025: $6.29BQ2 2025: $6.72BQ3 2025: $6.58BQ4 2025: $6.17BQ1 2026: $6.07BQ2 2026: $8.66B
Q1 2021Q2 2026
13F filings of Greenhaven Associates by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 28, 202628$8.66BLENGeneral Motors Co (GM)TOLvs. Q1 2026SEC
Q1 2026Apr 6, 202627$6.07BGeneral Motors Co (GM)LENTOLvs. Q4 2025SEC
Q4 2025Jan 7, 202630$6.17BGeneral Motors Co (GM)LENTOLvs. Q3 2025SEC
Q3 2025Nov 4, 202527$6.58BGeneral Motors Co (GM)LENTOLvs. Q2 2025SEC
Q2 2025Jul 8, 202525$6.72BCGeneral Motors Co (GM)LENvs. Q1 2025SEC
Q1 2025Apr 2, 202526$6.29BCGeneral Motors Co (GM)LENvs. Q4 2024SEC
Q4 2024Jan 17, 202524$6.76BGeneral Motors Co (GM)LENCvs. Q3 2024SEC
Q3 2024Oct 2, 202424$8.53BLENGeneral Motors Co (GM)Cvs. Q2 2024SEC
Q2 2024Jul 15, 202425$7.61BLENGeneral Motors Co (GM)Cvs. Q1 2024SEC
Q1 2024Apr 26, 202427$10.9BLENGeneral Motors Co (GM)Cvs. Q4 2023SEC
Q4 2023Jan 9, 202427$9.38BLENGSCvs. Q3 2023SEC
Q3 2023Oct 3, 202329$7.71BLENGSGeneral Motors Co (GM)vs. Q2 2023SEC
Q2 2023Jul 13, 202329$7.53BLENGeneral Motors Co (GM)GSvs. Q1 2023SEC
Q1 2023Apr 4, 202332$6.44BLENGeneral Motors Co (GM)GSvs. Q4 2022SEC
Q4 2022Jan 10, 202332$5.63BLENGSJPMvs. Q3 2022SEC
Q3 2022Oct 5, 202231$4.75BLENGSJPMvs. Q2 2022SEC
Q2 2022Aug 1, 202227$4.63BGSLENJPMvs. Q1 2022SEC
Q1 2022May 4, 202222$3.77BGSGeneral Motors Co (GM)LENvs. Q4 2021SEC
Q4 2021Jan 18, 202221$3.95BLENGSGeneral Motors Co (GM)vs. Q3 2021SEC
Q3 2021Oct 12, 202119$3.00BGSLENWHRvs. Q2 2021SEC
Q2 2021Aug 2, 202120$3.42BGSLENGeneral Motors Co (GM)vs. Q1 2021SEC
Q1 2021May 13, 202124$4.43BGSLENWHR–SEC

13D and 13G filings

Companies where Greenhaven Associates reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

2 companies, largest stake first.

Companies where Greenhaven Associates owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
TOLToll Brothers, Inc.13G/A5.90%5.60M shares+0.37 ppfrom 5.53%May 24, 20234 filingsJan 6, 2026SEC
LENLennar Corp13G5.08%10.9M sharesNewMay 4, 20261 filingMay 4, 2026SEC

Latest filings

12 filings on file made by Greenhaven Associates or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Greenhaven Associates
CompanyFiled (ET)FormStakeChangeEvent dateFiling
LENLennar CorpMay 4, 202610:36 AM ET13G5.08%10.9M sharesNewMay 1, 2026SEC
TOLToll Brothers, Inc.Jan 6, 20262:47 PM ET13G/A5.90%5.60M shares+0.37 ppfrom 5.53%Dec 31, 2025SEC
MRPMillrose Properties, Inc.Aug 21, 202512:32 PM ET13G/A2.99%4.60M shares−2.12 ppfrom 5.11%Below 5%Aug 18, 2025SEC
MRPMillrose Properties, Inc.Feb 19, 202511:33 AM ET13G5.11%7.88M sharesNewFeb 12, 2025SEC
TOLToll Brothers, Inc.Jan 2, 202511:24 AM ET13G/A5.53%5.54M shares–Dec 31, 2024SEC
WRKWestRock CoJun 14, 202413G/AOld format–––SEC
WRKWestRock CoJan 3, 202413G/AOld format–––SEC
TOLToll Brothers, Inc.Jan 3, 202413G/AOld format–––SEC
WRKWestRock CoJun 16, 202313GOld format–New–SEC
TOLToll Brothers, Inc.May 24, 202313GOld format–New–SEC
Whirlpool CorpNov 2, 202210:28 AM ET13G/AOld format–––SEC
Whirlpool CorpApr 27, 202212:35 PM ET13GOld format–New–SEC