13F filing recap · Q1 2012

What did Greenhaven Associates buy in Q1 2012?

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

Stock value

$3.34B

Positions

Estimated turnover

6.8%

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

SWNSouthwestern Energy Co$52.68Mreported value+1.72M shares

Increased positions

FDXFedex Corporation$408.43Mreported value+17.4K shares+0.4%LOWLowe’s Companies, Inc.$388.43Mreported value+259.7K shares+2.1%DVNDevon Energy Corp/de$337.16Mreported value+12.7K shares+0.3%APDAir Products and Chemicals, Inc.$318.37Mreported value+8.7K shares

Reduced positions

UPSUnited Parcel Service, Inc$316.26Mreported value-6.0K shares-0.2%MMM3m Company$307.99Mreported value-163.2K shares-4.5%COLRockwell Collins Inc.$111.82Mreported value-412.1K shares-17.5%HDHome Depot, Inc.$103.97Mreported value-26.9K shares

Exited positions

EMREmerson Electric Co.$33.23Mprior reported value-713.2K shares-100.0%IBMInternational Business Machines Corp$11.04Mprior reported value-60.0K shares-100.0%BDXBecton Dickinson & Co$7.56Mprior reported value-101.2K shares-100.0%