Edgar Wachenheim III's Q4 2025 Portfolio Activity: Strategic Shifts in Consumer and Healthcare Stocks
Greenhaven Associates' top holdings analysis reveals significant changes in positions like General Motors and Baxter International, with notable increases in Avantor Inc.
Edgar Wachenheim III, managing director at Greenhaven Associates, saw substantial shifts in his portfolio during the fourth quarter of 2025, as indicated by the latest filing data. The total portfolio value stood at approximately $6.11 billion as of December 31, 2025.
The portfolio is heavily concentrated in the Consumer Cyclical sector, which accounted for roughly half of the top holdings' allocation. This sector includes prominent positions in General Motors Co (GM), Lennar Corporation (LEN), Toll Brothers (TOL), PulteGroup (PHM), and D R Horton (DHI).
Among the most significant changes during the quarter were:
Decreases in Holdings:
- General Motors Co (GM): Wachenheim sold a substantial number of shares, resulting in a nearly 34% reduction in his stake during the quarter.
- Lennar Corporation (LEN): While the percentage change was moderate, the absolute number of shares held increased by over 440,000.
- Toll Brothers (TOL): Shares increased by a small absolute amount, reflecting minimal change.
- PulteGroup (PHM): Shares decreased slightly, though the percentage change was negligible.
- D R Horton (DHI): Shares decreased by over 150,000, leading to a 4.2% reduction in the position during the quarter.
- Oshkosh Corp (OSK): Shares decreased slightly, though the percentage change was minimal.
- Lear Corporation (LEA): Shares decreased slightly, though the percentage change was minimal.
Increases in Holdings:
- Avantor Inc (AVTR): Wachenheim significantly increased his stake in this Healthcare company, adding over 2 million shares and boosting the position's value.
- Arrow Electronics Inc (ARW): Shares in this Technology stock increased slightly, though the percentage change was minimal.
- Baxter International Inc (BAX): This Healthcare stock saw a dramatic increase in Wachenheim's holdings, with over 4 million new shares added, resulting in a 70% stake increase during the quarter.
No new positions were established in the top holdings during this quarter, and no positions appear to have been fully exited based on the disclosed top holdings data.
For more detailed information on Edgar Wachenheim III's investment activities, please visit his profile page. Detailed information on the companies discussed can be found at their respective pages on InsiderSet.