13F filing recap · Q3 2011

What did Greenhaven Associates buy in Q3 2011?

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

Stock value

$2.67B

Positions

Estimated turnover

19.2%

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

HDHome Depot, Inc.$51.48Mreported value+1.57M shares PLLPall Corporation$3.75Mreported value+88.4K shares

Increased positions

FDXFedex Corporation$296.65Mreported value+318.2K shares+7.8%MMM3m Company$266.70Mreported value+42.4K shares+1.2%APDAir Products and Chemicals, Inc.$262.49Mreported value+137.2K shares+4.2%UPSUnited Parcel Service, Inc$227.79Mreported value+282.7K shares

Reduced positions

IBMInternational Business Machines Corp$229.26Mreported value-372.4K shares-22.1%EQTEqt Corporation$171.18Mreported value-110 shares-0.0%BDXBecton Dickinson & Co$157.07Mreported value-1.20M shares-36.0%PXPraxair, Inc.$66.06Mreported value-4.3K shares

Exited positions

TMOThermo Fisher Scientific Inc.$43.94Mprior reported value-682.4K shares-100.0%