13F filing recap · Q1 2014

What did Greenhaven Associates buy in Q1 2014?

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

Stock value

$4.87B

Positions

Estimated turnover

19.9%

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

SLBSlb Limited/nv$347.54Mreported value+3.56M shares WFCWells Fargo & Company/mn$4.58Mreported value+92.0K shares

Increased positions

BKRBaker Hughes Co$611.41Mreported value+202.1K shares+2.2%FDXFedex Corporation$598.85Mreported value+38.8K shares+0.9%LOWLowe’s Companies, Inc.$549.94Mreported value+95.1K shares+0.9%UPSUnited Parcel Service, Inc$454.92Mreported value+398.1K shares

Reduced positions

APDAir Products and Chemicals, Inc.$325.92Mreported value-971.0K shares-26.2%LUVSouthwest Airlines Co.$264.61Mreported value-152.7K shares-1.3%DVNDevon Energy Corp/de$202.27Mreported value-27.8K shares-0.9%TELTe Connectivity Plc$170.44Mreported value-1.99M shares

Exited positions

RVTYRevvity, Inc$49.83Mprior reported value-1.21M shares-100.0%PAAPlains All American Pipeline LP$4.30Mprior reported value-83.0K shares-100.0%