13F filing recap · Q3 2015

What did Greenhaven Associates buy in Q3 2015?

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

Stock value

$5.01B

Positions

Estimated turnover

4.7%

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.

Increased positions

FDXFedex Corporation$651.29Mreported value+25.4K shares+0.6%GSThe Goldman Sachs Group, Inc.$577.45Mreported value+174.2K shares+5.5%JPMJPMorgan Chase & Co$549.03Mreported value+49.0K shares+0.5%EADSYAirbus SE$420.04Mreported value+535.8K shares+1.9%WHRWhirlpool Corp /de/$382.78Mreported value+72.8K shares+2.9%MMM3m Company$319.14Mreported value+252.3K shares+12.6%CCitigroup Inc$282.74Mreported value+497.8K shares+9.6%ARGAirgas Inc$148.98Mreported value+147.3K shares+9.7%OCOwens Corning$144.06Mreported value+7.7K shares+0.2%DHID.r. Horton, Inc.$111.78Mreported value+63.0K shares+1.7%

Reduced positions

LOWLowe’s Companies, Inc.$678.33Mreported value-281.6K shares-2.8%UPSUnited Parcel Service, Inc$456.85Mreported value-184.3K shares-3.8%PXPraxair, Inc.$77.16Mreported value-6.3K shares-0.8%MASMasco Corporation$69.55Mreported value-400 shares

Exited positions

CNWCon-Way, Inc.$36.30Mprior reported value-946.0K shares-100.0%PLLPall Corporation$435.0Kprior reported value-3.5K shares-100.0%