13F filing recap · Q1 2025

What did Greenhaven Associates buy in Q1 2025?

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

Stock value

$6.29B

Positions

Estimated turnover

6.7%

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.

Quarter in review

Greenhaven Associates opened new positions in Millrose Properties, Stellantis, and Robert Half, and exited International Paper. The firm slightly trimmed Citigroup while modestly adding to General Motors, Lennar, Toll Brothers, Pultegroup, D.R. Horton, Oshkosh, Arrow Electronics, Avnet, and Lear. It substantially increased its stake in Meritage Homes and moderately added to Nov, while substantially reducing Genpact and CRH.

New positions

MRPMillrose Properties, Inc.$209.11Mreported value+7.89M shares STLAStellantis N.v.$336.3Kreported value+30.0K shares RHIRobert Half Inc.$207.3Kreported value+3.8K shares

Increased positions

GMGeneral Motors Company$1.12Breported value+56.6K shares+0.2%LENLennar Corp /new/$1.08Breported value+275.2K shares+3.0%TOLToll Brothers, Inc.$587.35Mreported value+26.1K shares+0.5%PHMPultegroup, Inc.$574.38Mreported value+3.1K shares

Reduced positions

CCitigroup Inc$1.18Breported value-204.9K shares-1.2%GGenpact Limited$7.39Mreported value-1.08M shares-88.1%CRHCrh Public Limited Company$2.37Mreported value-604.9K shares-95.7%

Exited positions

IPInternational Paper Company$1.90Mprior reported value-35.3K shares-100.0%