Edgar Wachenheim III – Greenhaven Associates Portfolio Activity & Recent Trades (Sep 30, 2025)

As of Sep 30, 2025, the Greenhaven Associates portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 04, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q3 2025, the filing reported:

New Buys – Avantor, Inc., Baxter International Inc.

Increases – Lennar Corporation, NOV Inc.

Reductions – Arrow Electronics, Inc., Avnet, Inc., Citigroup, Inc., CRH, D.R. Horton, Inc., and 13 more

Complete Exits – Morgan Stanley

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q3 2025	ARW Arrow Electronics, Inc.	Arrow Electronics, Inc.	Sell	-14,300	-0.7%	$229.71M	1,898,399
Q3 2025	AVT Avnet, Inc.	Avnet, Inc.	Sell	-34,000	-0.9%	$205.40M	3,928,937
Q3 2025	AVTR Avantor, Inc.	Avantor, Inc.	Buy - Position Entry	+18,311,570	-	$228.53M	18,311,570
Q3 2025	BAX Baxter International Inc.	Baxter International Inc.	Buy - Position Entry	+6,288,349	-	$143.19M	6,288,349
Q3 2025	C Citigroup, Inc.	Citigroup, Inc.	Sell	-16,092,290	-99.5%	$8.45M	83,273
Q3 2025	CRH CRH	CRH	Sell	-1,937	-7.2%	$3.00M	25,000
Q3 2025	DHI D.R. Horton, Inc.	D.R. Horton, Inc.	Sell	-43,300	-1.2%	$616.49M	3,637,763
Q3 2025	G Genpact	Genpact	Sell	-1,018	-9.2%	$418.90K	10,000
Q3 2025	GM General Motors Company	General Motors Company	Sell	-590,000	-2.5%	$1.41B	23,064,358
Q3 2025	GS Goldman Sachs Group, Inc. (The)	Goldman Sachs Group, Inc. (The)	Sell	-1,500	-60.0%	$796.35K	1,000
Q3 2025	ICLR ICON	ICON	Sell	-224	-1.3%	$3.05M	17,409
Q3 2025	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Sell	-1,000	-20.0%	$1.26M	4,000
Q3 2025	LEA Lear Corporation	Lear Corporation	Sell	-45,823	-2.5%	$180.68M	1,795,824
Q3 2025	LEN Lennar Corporation	Lennar Corporation	Buy	+159,809	+1.7%	$1.22B	9,653,394
Q3 2025	MRP Millrose Properties	Millrose Properties	Sell	-3,286,243	-41.7%	$154.65M	4,601,273
Q3 2025	MS Morgan Stanley	Morgan Stanley	Sell - Position Exit	-10,000	-100.0%	$0.00	-
Q3 2025	MTH Meritage Homes Corporation	Meritage Homes Corporation	Sell	-39,001	-2.6%	$105.24M	1,452,954
Q3 2025	NOV NOV Inc.	NOV Inc.	Buy	+765,166	+15.4%	$76.16M	5,747,682
Q3 2025	OSK Oshkosh Corporation (Holding Co	Oshkosh Corporation (Holding Co	Sell	-27,800	-1.1%	$327.70M	2,526,606
Q3 2025	PHM PulteGroup, Inc.	PulteGroup, Inc.	Sell	-10,600	-0.2%	$735.94M	5,569,828
Q3 2025	SCHW Charles Schwab Corporation (The	Charles Schwab Corporation (The	Sell	-5,000	-25.0%	$1.43M	15,000
Q3 2025	TEX Terex Corporation	Terex Corporation	Sell	-22,200	-1.5%	$75.81M	1,477,733
Q3 2025	TOL Toll Brothers, Inc.	Toll Brothers, Inc.	Sell	-20,947	-0.4%	$770.96M	5,580,969
Q2 2025	ARW Arrow Electronics, Inc.	Arrow Electronics, Inc.	Sell	-1,058	-0.1%	$243.74M	1,912,699
Q2 2025	AVT Avnet, Inc.	Avnet, Inc.	Sell	-2,300	-0.1%	$210.35M	3,962,937
Q2 2025	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell - Position Exit	-1,001	-100.0%	$0.00	-
Q2 2025	C Citigroup, Inc.	Citigroup, Inc.	Sell	-490,280	-2.9%	$1.38B	16,175,563
Q2 2025	DHI D.R. Horton, Inc.	D.R. Horton, Inc.	Buy	+6,300	+0.2%	$474.56M	3,681,063
Q2 2025	G Genpact	Genpact	Sell	-135,660	-92.5%	$484.90K	11,018
Q2 2025	GM General Motors	General Motors	Sell	-125,702	-0.5%	$1.16B	23,654,358