Greenhaven Associates · SEC Form 13F for Sep 30, 2026 · filed Oct 26, 2026
Greenhaven Associates
$8.0 billion in 27 stocks
Lennar (Class A) is 13% of it, and five stocks make up 57%. Against Q2 2026: opened 1, added to 1, trimmed 3, sold out of 2.
Copying these filings against the S&P 500
Return per year, Apr 30, 2014 – Nov 11, 2026, dividends included. Calculated Nov 12, 2026; later filings are not in it. A simulation, not the fund’s return, and the gap changes a lot with the dates.
How this is calculated
We compare two imaginary portfolios over the same dates. One buys an S&P 500 fund (SPY) and keeps it. The other copies this investor: on the first trading day after each 13F filing becomes public, it sells what it holds and buys what the filing lists, in the same proportions, at that day’s closing price. It leaves out options, holds no cash and does not trade between filings.
We use daily prices from Yahoo Finance, dividends included, and check each against the price in the filings before using it. Some holdings have no daily prices, mostly companies that were later bought or delisted, and bonds. For those we use the price from each quarterly filing, which leaves out dividends. For this investor that is 11% of the copy.
Filings come out up to 45 days after the quarter ends, so the copy is always acting on old news. A holding first revealed in a corrected filing counts from the day the correction was filed. Shorts, cash, non-US listings, fees, costs and taxes are left out. The start date is simply where our data begins. This is not a prediction.
Calculation and data limitsWhat changed in Q3 2026
Change in shares since Q2 2026. Changes under 20% are in grey.
Opened1
Bath & Body Works Inc<0.01% of portfolioAdded to1 + 7 smaller
Vanguard 0-3m T-Bill ETF+29.8%Lennar (Class A)+15.4%D.R. Horton+7.1%Meritage Homes Corp+5.4%Becton Dickinson and Co+3.9%Dnow Inc+0.8%Lennar (Class B)+0.5%General Motors Co+0.3%Trimmed3 + 11 smaller
JPMorgan Chase−60.0%Lear Corp−42.7%Iqvia Holdings Inc−29.1%Charles Schwab−16.0%Arrow Electronics Inc−15.7%Avnet Inc−15.0%Baxter International Inc−13.2%Nov Inc−6.0%and 6 more in the holdings below
Sold out2
Accenturewas 4.86%Epam Systems Incwas 0.54%The portfolio in one line
Each block is a holding, as wide as its share of the portfolio.
opened or added 20% or more trimmed 20% or more otherwise
27 matching positions
| Company | Weight | This quarter | Reported value | 8 quarters |
|---|---|---|---|---|
Lennar (Class A)LENPosition detailsQuote on Yahoo Finance ↗ 13,055,103 reported shares · $81.59 per unit · $1,065,165,854 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 13.38% | Add +15.37% | $1.07B | |
Becton Dickinson and CoBDXPosition detailsQuote on Yahoo Finance ↗ 5,904,730 reported shares · $179.00 per unit · $1,056,946,670 reported value 2 recorded quarters of position-weight history; not proof of continuous ownership. | 13.28% | Add +3.93% | $1.06B | |
General Motors CoPosition details12,906,773 reported shares · $77.00 per unit · $993,821,521 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 12.48% | Add +0.26% | $994M | |
Toll Brothers IncTOLPosition detailsQuote on Yahoo Finance ↗ 5,614,009 reported shares · $134.75 per unit · $756,487,713 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 9.50% | Reduce -0.29% | $756M | |
Pultegroup IncPHMPosition detailsQuote on Yahoo Finance ↗ 5,394,549 reported shares · $116.06 per unit · $626,091,357 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 7.86% | Reduce -1.13% | $626M | |
Icon PLCICLRPosition detailsQuote on Yahoo Finance ↗ 3,069,015 reported shares · $169.99 per unit · $521,701,860 reported value 6 recorded quarters of position-weight history; not proof of continuous ownership. | 6.55% | Reduce -1.02% | $522M | |
D.R. HortonDHIPosition detailsQuote on Yahoo Finance ↗ 3,753,844 reported shares · $136.65 per unit · $512,962,783 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 6.44% | Add +7.08% | $513M | |
Avantor IncAVTRPosition detailsQuote on Yahoo Finance ↗ 24,359,610 reported shares · $15.05 per unit · $366,612,131 reported value 5 recorded quarters of position-weight history; not proof of continuous ownership. | 4.61% | Reduce -1.13% | $367M | |
Arrow Electronics IncARWPosition detailsQuote on Yahoo Finance ↗ 1,486,774 reported shares · $227.00 per unit · $337,497,698 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 4.24% | Reduce -15.72% | $337M | |
Oshkosh CorpOSKPosition detailsQuote on Yahoo Finance ↗ 2,527,880 reported shares · $128.82 per unit · $325,641,502 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 4.09% | Reduce -1.20% | $326M | |
Avnet IncAVTPosition detailsQuote on Yahoo Finance ↗ 3,205,515 reported shares · $99.95 per unit · $320,391,224 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 4.02% | Reduce -15.04% | $320M | |
Baxter International IncBAXPosition detailsQuote on Yahoo Finance ↗ 12,396,504 reported shares · $24.00 per unit · $297,516,096 reported value 5 recorded quarters of position-weight history; not proof of continuous ownership. | 3.74% | Reduce -13.22% | $298M | |
Slb LtdSLBPosition detailsQuote on Yahoo Finance ↗ 3,750,244 reported shares · $48.72 per unit · $182,711,888 reported value 4 recorded quarters of position-weight history; not proof of continuous ownership. | 2.29% | Reduce -1.37% | $183M | |
Iqvia Holdings IncIQVPosition detailsQuote on Yahoo Finance ↗ 544,925 reported shares · $268.85 per unit · $146,503,086 reported value Previous recorded weight: 1.71% 2 recorded quarters of position-weight history; not proof of continuous ownership. | 1.84% | Reduce -29.05% | $147M | |
Nov IncNOVPosition detailsQuote on Yahoo Finance ↗ 5,281,619 reported shares · $18.73 per unit · $98,924,724 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 1.24% | Reduce -6.02% | $99M | |
Lear CorpLEAPosition detailsQuote on Yahoo Finance ↗ 834,527 reported shares · $118.03 per unit · $98,499,222 reported value Previous recorded weight: 2.25% 8 recorded quarters of position-weight history; not proof of continuous ownership. | 1.24% | Reduce -42.68% | $98M | |
Meritage Homes CorpMTHPosition detailsQuote on Yahoo Finance ↗ 1,367,579 reported shares · $62.85 per unit · $85,952,340 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 1.08% | Add +5.40% | $86M | |
Dnow IncDNOWPosition detailsQuote on Yahoo Finance ↗ 4,377,190 reported shares · $15.50 per unit · $67,846,445 reported value 3 recorded quarters of position-weight history; not proof of continuous ownership. | 0.85% | Add +0.77% | $68M | |
Vanguard 0-3m T-Bill ETFVBILPosition detailsQuote on Yahoo Finance ↗ 858,916 reported shares · $75.72 per unit · $65,037,120 reported value Previous recorded weight: 0.58% 5 recorded quarters of position-weight history; not proof of continuous ownership. | 0.82% | Add +29.75% | $65M | |
Lennar (Class B)LEN/BPosition detailsQuote on Yahoo Finance ↗ 365,959 reported shares · $79.99 per unit · $29,273,060 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.37% | Add +0.52% | $29M | |
Agilent Technologies IncAPosition detailsQuote on Yahoo Finance ↗ 10,700 reported shares · $172.31 per unit · $1,843,717 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.02% | No change | $2M | |
Crh PLCCRHPosition detailsQuote on Yahoo Finance ↗ 17,500 reported shares · $82.80 per unit · $1,449,000 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.02% | No change | $1M | |
Charles SchwabSCHWPosition detailsQuote on Yahoo Finance ↗ 10,500 reported shares · $97.74 per unit · $1,026,270 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.01% | Reduce -16.00% | $1M | |
Union Pacific CorpUNPPosition detailsQuote on Yahoo Finance ↗ 2,032 reported shares · $272.13 per unit · $552,968 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | <0.01% | No change | $553K | |
JPMorgan ChaseJPMPosition detailsQuote on Yahoo Finance ↗ 1,000 reported shares · $330.83 per unit · $330,830 reported value Previous recorded weight: 0.01% 8 recorded quarters of position-weight history; not proof of continuous ownership. | <0.01% | Reduce -60.00% | $331K | |
Genpact LtdPosition details10,000 reported shares · $32.53 per unit · $325,300 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | <0.01% | No change | $325K | |
Bath & Body Works IncBBWIPosition detailsQuote on Yahoo Finance ↗ 10,000 reported shares · $15.92 per unit · $159,200 reported value Previous recorded weight: 0.00% —1 recorded quarters of position-weight history; not proof of continuous ownership. | <0.01% | New position | $159K |
How to read this table
- Weight is a holding’s share of the reported portfolio, not of everything the manager runs.
- Price per unit is the reported value divided by the reported shares at quarter end.
- Some filings state dollar values in thousands. Those are shown here in dollars.
- Share changes compare two filings. They can reflect splits or corrections as well as trades.
- Every change is listed here. Across the site, an investor counts as adding or reducing only when the change is 20% or more, or a position is opened or closed.
- “N/A” means the two filings could not be compared, not that nothing changed.
- Filings do not show trade dates or reasons.
Source: SEC Form 13F for Sep 30, 2026, filed Oct 26, 2026 · Form 13F 0001213900-26-112422 ↗SEC filing index ↗ · A filing lists long US-listed positions at quarter end. It is not a live portfolio and gives no reasons for a change.
About Greenhaven Associates
Edgar Wachenheim chronicled Greenhaven’s investments in his book Common Stocks and Common Sense, using case studies to explain where his view differed from the market’s. Firm background ↗
In its portfolio for the quarter ended Mar 31, 2014, Greenhaven Associates’s largest reported positions included Baker Hughes Inc., Fedex Corp, Lowe's Companies, Inc.. Historical filing ↗
In the filing dated Oct 26, 2026, Greenhaven Associates reported as GREENHAVEN ASSOCIATES INC with an office in Purchase. Chris A. Wachenheim, President, signed the filing. SEC cover page ↗
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