Edgar Wachenheim III - Greenhaven Associates Portfolio (Q3 2026)

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Greenhaven Associates, Edgar Wachenheim III, has built a concentrated portfolio of 27 publicly traded holdings with a total market value of $7.96B, according to the SEC 13F filed on Oct 26, 2026 (holdings as of quarter-end Sep 30, 2026). This analysis examines that filing to understand the investment strategy and recent portfolio adjustments.

The portfolio demonstrates a concentrated approach to stock selection, with the top holding representing 13.4% of the total portfolio value. The top 5 holdings account for 56.5% of the overall portfolio allocation.

Recent portfolio activity shows 10 significant position adjustments, indicating active portfolio management and strategic repositioning. These changes reflect the investor's response to market conditions and evolving investment thesis.

Portfolio Statistics

27
Total Holdings
$8.0B
Portfolio Value
Sep 30, 2026
Latest Filing
13.4%
Largest Position

Top Holdings Analysis

The portfolio's top holdings reveal the investor's core investment thesis and sector preferences. The largest position in Lennar Corporation - A (LEN) (LEN) represents 13.4% of the total portfolio, valued at $1.1B.

Rank Symbol Company Value Portfolio % Change
1 LEN Lennar Corporation - A (LEN) $1.1B 13.4% +15.4%
2 BDX Becton Dickinson & Co (BDX) $1.1B 13.3% +3.9%
3 GM General Motors Co (GM) $993.8M 12.5% +0.3%
4 TOL Toll Brothers, Inc. (TOL) $756.5M 9.5% -0.3%
5 PHM PulteGroup Inc. (PHM) $626.1M 7.9% -1.1%

For a complete analysis of all holdings and detailed portfolio breakdown by sector and market cap, visit our comprehensive holdings page.

Recent Portfolio Activity

Recent portfolio adjustments provide insights into the investor's evolving strategy and market outlook. The following table shows the top 10 most significant position changes from recent reporting periods (out of 159 total transactions), sorted by the magnitude of change.

For a complete history of all portfolio transactions and detailed activity analysis, visit our comprehensive activity page.

Symbol Company Quantity Change Date Action
ACN Accenture plc -3,384,681 Sep 30, 2026 SELL
BAX Baxter International Inc. -1,888,724 Sep 30, 2026 SELL
LEN Lennar Corporation +1,738,824 Sep 30, 2026 BUY
LEA Lear Corporation -621,406 Sep 30, 2026 SELL
EPAM EPAM Systems, Inc. -587,300 Sep 30, 2026 SELL
AVT Avnet, Inc. -567,346 Sep 30, 2026 SELL
NOV NOV Inc. -338,400 Sep 30, 2026 SELL
AVTR Avantor, Inc. -277,700 Sep 30, 2026 SELL
ARW Arrow Electronics, Inc. -277,379 Sep 30, 2026 SELL
DHI D.R. Horton, Inc. +248,044 Sep 30, 2026 BUY

Investment Strategy Insights

Greenhaven Associates's investment approach can be analyzed through several key metrics. The portfolio's concentration in top holdings suggests a high-conviction investment strategy, with significant positions in companies that align with the investor's long-term thesis.

The largest position in Lennar Corporation - A (LEN) (LEN) demonstrates strong conviction in this particular investment opportunity. Recent activity shows a increase of 15.4% in this position, indicating active portfolio management and strategic positioning.

Portfolio turnover can be assessed through recent activity patterns. The 10 most significant transactions shown here (out of 159 total transactions) suggest a highly active approach to portfolio management, with frequent strategic adjustments and position changes.

Additional Analysis

Complete Holdings

View all 27 holdings with detailed analysis

Trading Activity

Track all portfolio transactions and position changes

Performance Metrics

Analyze profit, winning trades, and investment returns

Sector Allocation

Analyze portfolio breakdown by sector and industry

Greenhaven Associates's portfolio as of Sep 30, 2026 reflects a strategic approach to equity investing with 27 holdings valued at $8.0B. The concentrated position in Lennar Corporation - A (LEN) and other top holdings demonstrates the investor's confidence in specific investment themes and long-term value creation opportunities. Recent activity indicates ongoing portfolio optimization and strategic repositioning.

For the most current portfolio data and detailed analysis, refer to the latest SEC 13F filings and our comprehensive holdings and activity pages, which are updated regularly with the latest filing information.

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