Edgar Wachenheim III - Greenhaven Associates Portfolio

Period Date  Jun 30, 2025
Filing Date  Jul 08, 2025
Total Stocks  25
Portfolio Value  $6.72B
Balances
Holdings
Activity
Options
Allocation
Strategy

Greenhaven Associates Strategy Analysis

Investment Strategy Metrics

Key metrics revealing investment style, risk management, and performance characteristics

MetricValueCategoryDescription
Holding Period2.3 yearsStyleAverage duration positions are maintained
Position Count27StyleNumber of active positions in portfolio
Position Size4.1%RiskTypical allocation per position
Win Rate55.3%PerformancePercentage of profitable positions
Average Return400.2%PerformanceMean return across positions
Sharpe Ratio0.07PerformanceReturn per unit of risk taken

Investment Case Study: Citigroup (C) (C)

12/31/2016 - 8/6/2025

Performance Metrics

Total Return: 118.44%

Holding Period: 3140 days

Max Position Size: $951,888.00

Position Weight: 11.32%

Key Events

12/31/2016: INCREASE(84,839.00 shares) @ $0.06
3/31/2017: INCREASE(30,965.00 shares) @ $0.06
6/30/2017: INCREASE(109,475.00 shares) @ $0.07
9/30/2017: INCREASE(11,117.00 shares) @ $0.07
12/31/2017: INCREASE(109,306.00 shares) @ $0.07
3/31/2018: INCREASE(434,980.00 shares) @ $0.07
6/30/2018: INCREASE(275,266.00 shares) @ $0.07
9/30/2018: INCREASE(23,965.00 shares) @ $0.07
12/31/2018: DECREASE(-118,570.00 shares) @ $0.05
6/30/2019: DECREASE(-66,637.00 shares) @ $0.07
12/31/2019: DECREASE(-188,542.00 shares) @ $0.08
3/31/2020: DECREASE(-3,452,049.00 shares) @ $0.04
6/30/2020: DECREASE(-6,216,566.00 shares) @ $0.05
9/30/2020: DECREASE(-146,170.00 shares) @ $0.04
12/31/2020: INCREASE(2,548,880.00 shares) @ $0.06

Investment Thesis

Entry Context: Initial position established based on fundamental analysis

Sector Conditions: Favorable market conditions in the sector

Risk Factors:
  • Market volatility
  • Sector-specific risks

Key Learnings

  • Position sizing is critical for portfolio management
  • Important to monitor sector exposure

Sector Allocations