13F filing recap · Q1 2009

What did Greenhaven Associates buy in Q1 2009?

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

Stock value

$931.19M

Positions

Estimated turnover

58.1%

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

DVNDevon Energy Corp/de$61.29Mreported value+1.37M shares AAgilent Technologies, Inc.$60.78Mreported value+3.95M shares EQTEqt Corporation$53.35Mreported value+1.70M shares NSCNorfolk Southern Corp$18.02Mreported value+533.9K shares WMBWilliams Companies, Inc.$17.10Mreported value+1.50M shares CSXCsx Corporation$12.97Mreported value+501.7K shares HGTXUHugoton Royalty Trust$2.09Mreported value+219.0K shares SPRSpirit Aerosystems Holdings, Inc.$499.0Kreported value+50.0K shares

Increased positions

UNPUnion Pacific Corp$97.75Mreported value+341.3K shares+16.8%BNIBurlington Northern Santa Fe Corporation$30.40Mreported value+136.8K shares+37.1%

Reduced positions

MMM3m Company$148.13Mreported value-702.1K shares-19.1%FDXFedex Corporation$116.62Mreported value-423.4K shares-13.9%BAThe Boeing Company$63.06Mreported value-200.3K shares-10.2%TMToyota Motor Corp/$57.65Mreported value-2.02M shares

Exited positions

EXHExterran Holdings$39.48Mprior reported value-1.85M shares-100.0%EQTEqt Corporation$23.70Mprior reported value-706.3K shares-100.0%