Edgar Wachenheim III - Greenhaven Associates 13F Activity & Position Changes (Q4 2025)

As of Dec 31, 2025, the Greenhaven Associates portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Jan 07, 2026. 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 Q4 2025, the filing reported:

New Buys - Robert Half Inc., Schlumberger N.V., Teleflex Incorporated, Taylor Morrison Home Corporatio

Increases - Arrow Electronics, Inc., Avantor, Inc., Baxter International Inc., Lennar Corporation, Meritage Homes Corporation, and 1 more

Reductions - Avnet, Inc., Citigroup, Inc., CRH, D.R. Horton, Inc., General Motors, and 8 more

Complete Exits - Goldman Sachs Group, Inc. (The)

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
Q4 2025	ARW Arrow Electronics, Inc.	Arrow Electronics, Inc.	Buy	+1,572	+0.1%	$209.34M	1,899,971
Q4 2025	AVT Avnet, Inc.	Avnet, Inc.	Sell	-71	-0.0%	$188.90M	3,928,866
Q4 2025	AVTR Avantor, Inc.	Avantor, Inc.	Buy	+2,189,083	+12.0%	$234.94M	20,500,653
Q4 2025	BAX Baxter International Inc.	Baxter International Inc.	Buy	+4,404,874	+70.0%	$204.35M	10,693,223
Q4 2025	C Citigroup, Inc.	Citigroup, Inc.	Sell	-50,013	-60.1%	$3.88M	33,260
Q4 2025	CRH CRH	CRH	Sell	-5,000	-20.0%	$2.50M	20,000
Q4 2025	DHI D.R. Horton, Inc.	D.R. Horton, Inc.	Sell	-153,617	-4.2%	$501.82M	3,484,146
Q4 2025	GM General Motors	General Motors	Sell	-7,885,401	-34.2%	$1.23B	15,178,957
Q4 2025	GS Goldman Sachs Group, Inc. (The)	Goldman Sachs Group, Inc. (The)	Sell - Position Exit	-1,000	-100.0%	$0.00	-
Q4 2025	ICLR ICON	ICON	Sell	-15	-0.1%	$3.17M	17,394
Q4 2025	LEA Lear Corporation	Lear Corporation	Sell	-19,786	-1.1%	$203.53M	1,776,038
Q4 2025	LEN Lennar Corporation	Lennar Corporation	Buy	+440,753	+4.6%	$1.04B	10,094,147
Q4 2025	MRP Millrose Properties	Millrose Properties	Sell	-4,689	-0.1%	$137.30M	4,596,584
Q4 2025	MTH Meritage Homes Corporation	Meritage Homes Corporation	Buy	+12,386	+0.9%	$96.42M	1,465,340
Q4 2025	NOV NOV Inc.	NOV Inc.	Sell	-2,544	-0.0%	$89.80M	5,745,138
Q4 2025	OSK Oshkosh Corporation (Holding Co	Oshkosh Corporation (Holding Co	Sell	-5,310	-0.2%	$316.75M	2,521,296
Q4 2025	PHM PulteGroup, Inc.	PulteGroup, Inc.	Sell	-35,400	-0.6%	$648.97M	5,534,428
Q4 2025	RHI Robert Half Inc.	Robert Half Inc.	Buy - Position Entry	+104,700	-	$2.84M	104,700
Q4 2025	SCHW Charles Schwab Corporation (The	Charles Schwab Corporation (The	Sell	-2,500	-16.7%	$1.25M	12,500
Q4 2025	SLB Schlumberger N.V.	Schlumberger N.V.	Buy - Position Entry	+4,660,827	-	$178.88M	4,660,827
Q4 2025	TEX Terex Corporation	Terex Corporation	Sell	-1,458,311	-98.7%	$1.04M	19,422
Q4 2025	TFX Teleflex Incorporated	Teleflex Incorporated	Buy - Position Entry	+122,079	-	$14.90M	122,079
Q4 2025	TMHC Taylor Morrison Home Corporatio	Taylor Morrison Home Corporatio	Buy - Position Entry	+47,500	-	$2.80M	47,500
Q4 2025	TOL Toll Brothers, Inc.	Toll Brothers, Inc.	Buy	+22,218	+0.4%	$757.66M	5,603,187