13F filing recap · Q4 2003

What did Greenhaven Associates buy in Q4 2003?

Reported stock-position changes between this filing and the previous one.

Stock value

$2.02B

Positions

Estimated turnover

33.0%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

RDS.BShell Plc$67.98Mreported value+1.30M shares RIGTransocean Ltd$35.43Mreported value+1.48M shares DODiamond Offshore Drilling, Inc.$14.65Mreported value+714.2K shares PAAPlains All American Pipeline LP$9.25Mreported value+285.0K shares

Increased positions

APCAnadarko Petroleum Corporation$207.95Mreported value+300.7K shares+8.0%UNMUnum Group$111.11Mreported value+579.8K shares+9.0%CVXChevron Corp$70.75Mreported value+815.8K shares+26316.1%DLIDelaware Laboratories, Inc$4.33Mreported value+14.0K shares

Reduced positions

CTXCentex Corp$438.11Mreported value-287.6K shares-6.6%PHMPultegroup, Inc.$271.81Mreported value-101.1K shares-3.4%RRyder System, Inc.$131.45Mreported value-607.1K shares-13.6%DEDeere & Co$124.58Mreported value-1.21M shares

Exited positions

ALAlcan Inc.$37.52Mprior reported value-980.7K shares-100.0%MONMonsanto Company$18.14Mprior reported value-757.5K shares-100.0%OMEOmega Protein Corporation$3.15Mprior reported value-481.7K shares-100.0%PTBTQPope & Talbot Inc$325.0Kprior reported value-21.5K shares