What stocks does Greenhaven Associates own?

As of 2026Q2, Greenhaven Associates's 13F discloses 28 positions worth $8.66B. The top five holdings: LEN (11.8%), TOL (10.7%), BDX (9.9%), PHM (8.6%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.

What did Greenhaven Associates buy this quarter?

In 2026Q2, the filing shows 4 new positions and 2 additions to existing holdings. The largest positions touched by buying: BDX, ICLR, ACN, IQV, DNOW.

How big is Greenhaven Associates's portfolio?

$8.66B across 28 positions per the latest 13F (filed Jul 28, 2026). The top five holdings account for 53% of the disclosed book.

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Greenhaven Associates

$8.66B

disclosed 13F portfolio · 28 positions

top-5 concentration53%

Q2 2026 · filed Jul 28, 2026

Cloning this 13F returned14.8%/yrvs the S&P 500's13.7%/yrover the same 12.2 years· why →

Greenhaven Associates (Greenhaven Associates) discloses a $8.66B portfolio across 28 US-listed positions in the latest 13F filing (2026Q2, filed Jul 28, 2026). The largest holding is LEN at 11.8% of the book. The biggest move of the quarter: opened a new position in BDX ($860M). Mechanically cloning this 13F returned 14.8%/yr over the past 12.2 years, versus 13.7%/yr for the S&P 500 across that identical 12.2-year window.

Share𝕏 in

Holdings (28) · click any column to sort

#↑	Ticker	Issuer	% Port.	This Q	History	Value
1	LEN	Lennar Corp-a	11.8%		40q held	$1.02B
2	35045V100	General Motors CO (gm)	11.5%		31q held	$992M
3	TOL	Toll Brothers Inc	10.7%		40q held	$928M
4	BDX	Becton Dickinson And CO	9.9%	New	— 1q held	$860M
5	PHM	Pultegroup Inc	8.6%		36q held	$749M
6	DHI	DR Horton Inc	6.6%		40q held	$571M
7	ICLR	Icon Plc (iclr)	6.2%	+55%	5q held	$539M
8	ACN	Accenture Plc (acn)	4.9%	New	— 1q held	$421M
9	OSK	Oshkosh Corp	4.5%		16q held	$393M
10	ARW	Arrow Electronics Inc	4.3%		14q held	$376M
11	AVT	Avnet Inc	3.9%		16q held	$335M
12	BAX	Baxter International Inc	3.5%		4q held	$305M
13	AVTR	Avantor Inc	2.8%		4q held	$244M
14	LEA	Lear Corp	2.3%		25q held	$195M
15	SLB	Slb Ltd	2.0%		3q held	$177M
16	IQV	Iqvia Holdings Inc	1.7%	New	— 1q held	$148M
17	MTH	Meritage Homes Corp	1.3%		23q held	$109M
18	NOV	Nov Inc	1.2%		12q held	$104M
19	DNOW	Dnow Inc	0.7%	+427%	2q held	$56M
20	VBIL	Vanguard 0-3m T-bill Etf	0.6%	-45%	4q held	$50M
21	EPAM	Epam Systems Inc	0.5%	New	— 1q held	$47M
22	LEN/B	Lennar Corp - B Shs	0.4%		35q held	$32M
23	CRH	Crh Plc (crh)	<0.1%		12q held	$2M
24	A	Agilent Technologies Inc	<0.1%		40q held	$1M
25	SCHW	Schwab (charles) Corp	<0.1%		25q held	$1M
26	JPM	Jpmorgan Chase & CO	<0.1%	-37%	40q held	$818K
27	UNP	Union Pacific Corp	<0.1%		39q held	$553K
28	G3922B107	Genpact Ltd (g)	<0.1%		11q held	$275K

Sort↑

1LEN
port11.8%
val$1.02B
Lennar Corp-a
this Q hold·40q
235045V100
port11.5%
val$992M
General Motors CO (gm)
this Q hold·31q
3TOL
port10.7%
val$928M
Toll Brothers Inc
this Q hold·40q
4BDX
port9.9%
val$860M
Becton Dickinson And CO
this Q New·—1q
5PHM
port8.6%
val$749M
Pultegroup Inc
this Q hold·36q
6DHI
port6.6%
val$571M
DR Horton Inc
this Q hold·40q
7ICLR
port6.2%
val$539M
Icon Plc (iclr)
this Q +55%·5q
8ACN
port4.9%
val$421M
Accenture Plc (acn)
this Q New·—1q
9OSK
port4.5%
val$393M
Oshkosh Corp
this Q hold·16q
10ARW
port4.3%
val$376M
Arrow Electronics Inc
this Q hold·14q
11AVT
port3.9%
val$335M
Avnet Inc
this Q hold·16q
12BAX
port3.5%
val$305M
Baxter International Inc
this Q hold·4q
13AVTR
port2.8%
val$244M
Avantor Inc
this Q hold·4q
14LEA
port2.3%
val$195M
Lear Corp
this Q hold·25q
15SLB
port2.0%
val$177M
Slb Ltd
this Q hold·3q
16IQV
port1.7%
val$148M
Iqvia Holdings Inc
this Q New·—1q
17MTH
port1.3%
val$109M
Meritage Homes Corp
this Q hold·23q
18NOV
port1.2%
val$104M
Nov Inc
this Q hold·12q
19DNOW
port0.7%
val$56M
Dnow Inc
this Q +427%·2q
20VBIL
port0.6%
val$50M
Vanguard 0-3m T-bill Etf
this Q -45%·4q
21EPAM
port0.5%
val$47M
Epam Systems Inc
this Q New·—1q
22LEN/B
port0.4%
val$32M
Lennar Corp - B Shs
this Q hold·35q
23CRH
port<0.1%
val$2M
Crh Plc (crh)
this Q hold·12q
24A
port<0.1%
val$1M
Agilent Technologies Inc
this Q hold·40q
25SCHW
port<0.1%
val$1M
Schwab (charles) Corp
this Q hold·25q
26JPM
port<0.1%
val$818K
Jpmorgan Chase & CO
this Q -37%·40q
27UNP
port<0.1%
val$553K
Union Pacific Corp
this Q hold·39q
28G3922B107
port<0.1%
val$275K
Genpact Ltd (g)
this Q hold·11q

2026Q2 moves, by size (11)(expand ↓)

Ticker	Issuer	Move	% Port.	Δ Shares	Value
BDX	Becton Dickinson And CO	NEW	9.9%	+100%	$860M
ICLR	Icon Plc (iclr)	ADD	6.2%	+55%	$539M
ACN	Accenture Plc (acn)	NEW	4.9%	+100%	$421M
IQV	Iqvia Holdings Inc	NEW	1.7%	+100%	$148M
VBIL	Vanguard 0-3m T-bill Etf	TRIM	0.6%	-45%	$50M
DNOW	Dnow Inc	ADD	0.7%	+427%	$56M
EPAM	Epam Systems Inc	NEW	0.5%	+100%	$47M
TMHC	Taylor Morrison Home Corp	EXIT	0.3%	-100%	$0
JPM	Jpmorgan Chase & CO	TRIM	<0.1%	-38%	$818K
TEX	Terex Corp	EXIT	<0.1%	-100%	$0
STLA	Stellantis NV (stla)	EXIT	<0.1%	-100%	$0

NEWBDX
9.9%
Becton Dickinson And CO
Δ +100%·$860M
ADDICLR
6.2%
Icon Plc (iclr)
Δ +55%·$539M
NEWACN
4.9%
Accenture Plc (acn)
Δ +100%·$421M
NEWIQV
1.7%
Iqvia Holdings Inc
Δ +100%·$148M
TRIMVBIL
0.6%
Vanguard 0-3m T-bill Etf
Δ -45%·$50M
ADDDNOW
0.7%
Dnow Inc
Δ +427%·$56M
NEWEPAM
0.5%
Epam Systems Inc
Δ +100%·$47M
EXITTMHC
0.3%
Taylor Morrison Home Corp
Δ -100%·$0
TRIMJPM
<0.1%
Jpmorgan Chase & CO
Δ -38%·$818K
EXITTEX
<0.1%
Terex Corp
Δ -100%·$0
EXITSTLA
<0.1%
Stellantis NV (stla)
Δ -100%·$0

About Greenhaven Associates

Greenhaven Associates, founded by Edgar Wachenheim III, runs a concentrated, long-only equity book with a value tilt and a pronounced sector conviction that is immediately apparent from the 13F. As of the latest filing, homebuilders — LEN, TOL, PHM, DHI, and one additional position representing the largest single weight — account for roughly 62% of a $6.1 billion disclosed portfolio across just 27 names, a level of concentration that reflects genuine high-conviction positioning rather than index-hugging. Wachenheim built his reputation on careful fundamental analysis of undervalued businesses, and the homebuilder thesis has been a defining, multi-year position rather than a tactical rotation. Because Greenhaven operates as a traditional long-only manager with minimal use of derivatives or short positions, the 13F is an unusually reliable window into the actual book — lag and omission distortions are limited. The latticework backtest showing near-zero excess returns versus SPY over twelve years is worth noting: sector concentration of this kind tends to produce long stretches of tracking-error pain punctuated by sharp outperformance, and aggregate annualized figures can obscure that pattern entirely.

2026Q2 brief

Greenhaven Associates' $8.66B portfolio underwent a notable thematic pivot in Q2 2026, with the firm initiating a healthcare services cluster alongside its entrenched homebuilder core. BDX debuted as the fourth-largest holding at 9.9% (~$860M), while ACN, IQV, and EPAM were added fresh, and ICLR was aggressively built up +55% to 6.2%—together these four new/expanded positions suggest a deliberate rotation into CRO/medtech/IT services. Homebuilders remain the spine of the book: LEN (11.8%), TOL (10.7%), PHM (8.6%), and DHI (6.6%) collectively anchor roughly 38% of AUM, a consensus long among super-investors but unusually concentrated here. The exit of STLA and trim of JPM to a rounding error signal a clean break from financials and overseas autos. The oddity is DNOW, a small oilfield distributor, surging +427% to just 0.65%—a speculative toe-dip worth monitoring. Watch the next filing to see whether the healthcare services cluster (BDX/ICLR/IQV) grows into a second pillar rivaling homebuilders, or whether it's trimmed after any sector re-rating.

AI-generated. Not investment advice.

Filing history

Greenhaven Associates's disclosed 13F portfolio value and position count by quarter — the trajectory across every SEC filing.

Disclosed portfolio value · Q3 2023 – Q2 2026now $8.66B · peak $10.86B (Q1 2024)

Quarter	Positions	Portfolio value
Q2 2026 — what changed →	28	$8.66B
Q1 2026 — what changed →	27	$6.07B
Q4 2025 — what changed →	30	$6.17B
Q3 2025 — what changed →	27	$6.58B
Q2 2025 — what changed →	25	$6.72B
Q1 2025 — what changed →	26	$6.29B
Q4 2024 holdings	24	$6.76B
Q3 2024 holdings	24	$8.53B
Q2 2024 holdings	25	$7.61B
Q1 2024 holdings	27	$10.86B
Q4 2023 holdings	27	$9.38B
Q3 2023 holdings	29	$7.71B

Values as disclosed at each quarter end. Older filings on EDGAR.

Multibaggers Greenhaven Associates held

Stocks up 5x or more since Greenhaven Associates first held them at conviction size — the holding record behind the returns. Longest unbroken run and largest book weight are shown for each.

MSFT11.2xMICROSOFT CORP4q straight · peak 1.46%
DE8.6xDEERE & CO5q straight · peak 9.83%
GS8.2xGOLDMAN SACHS GROUP INC46q straight · peak 29.32%
JPM8.1xJPMORGAN CHASE & CO46q straight · peak 11.54% · still holds
PHM7.8xPULTEGROUP INC22q straight · peak 11.19% · still holds
DHI6.8xDR HORTON INC46q straight · peak 10.36% · still holds

Six biggest of 7. Price multiple since the first quarter we observed a conviction holding (2014Q1 at the earliest), not Greenhaven Associates's realized return — entry price and trades between filings aren't disclosed. Peak weight is share of disclosed US 13F book. All 129 multibaggers the cohort held →

Frequently asked questions

What stocks does Greenhaven Associates own?: As of 2026Q2, Greenhaven Associates's 13F discloses 28 positions worth $8.66B. The top five holdings: LEN (11.8%), TOL (10.7%), BDX (9.9%), PHM (8.6%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.
What did Greenhaven Associates buy this quarter?: In 2026Q2, the filing shows 4 new positions and 2 additions to existing holdings. The largest positions touched by buying: BDX, ICLR, ACN, IQV, DNOW.
How big is Greenhaven Associates's portfolio?: $8.66B across 28 positions per the latest 13F (filed Jul 28, 2026). The top five holdings account for 53% of the disclosed book.

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Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0000846222). Not investment advice.