13F filing recap · Q1 2016

What did Greenhaven Associates buy in Q1 2016?

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

Stock value

$5.23B

Positions

Estimated turnover

18.7%

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.

New positions

BAThe Boeing Company$160.36Mreported value+1.26M shares TOLToll Brothers, Inc.$49.09Mreported value+1.66M shares

Increased positions

FDXFedex Corporation$799.75Mreported value+389.8K shares+8.6%GSThe Goldman Sachs Group, Inc.$555.76Mreported value+179.8K shares+5.4%EADSYAirbus SE$524.33Mreported value+639.6K shares+2.1%WHRWhirlpool Corp /de/$474.34Mreported value+15.2K shares

Reduced positions

LOWLowe’s Companies, Inc.$670.15Mreported value-651.9K shares-6.9%JPMJPMorgan Chase & Co$536.00Mreported value-14.9K shares-0.2%OCOwens Corning$160.86Mreported value-25.2K shares-0.7%MMM3m Company$83.79Mreported value-1.35M shares

Exited positions

UPSUnited Parcel Service, Inc$196.77Mprior reported value-2.04M shares-100.0%AMICAmerican Independence Corp$849.0Kprior reported value-99.0K shares-100.0%