Greenhaven Associates

Edgar Wachenheim III

Period

Q4 2025

Portfolio Date

31 Dec 2025

Stocks Held

30

Market Value

$6.2B

Top 5 Holdings

1
- General Motors Co (GM)

$ - General Motors Co (GM)

General Motors Co (GM)

20.01%

% of Portfolio

2
LEN

$LEN

Lennar Corporation

16.82%

% of Portfolio

3
TOL

$TOL

Toll Brothers, Inc.

12.28%

% of Portfolio

4
PHM

$PHM

PulteGroup, Inc.

10.52%

% of Portfolio

5
DHI

$DHI

D.R. Horton, Inc.

8.13%

% of Portfolio

All Holdings

1
- General Motors Co (GM)

$ - General Motors Co (GM)

20.01%

2
LEN

$LEN

16.82%

3
TOL

$TOL

12.28%

4
PHM

$PHM

10.52%

5
DHI

$DHI

8.13%

6
OSK

$OSK

5.13%

7
AVTR

$AVTR

3.81%

8
ARW

$ARW

3.39%

9
BAX

$BAX

3.31%

10
LEA

$LEA

3.3%

11
AVT

$AVT

3.06%

12
SLB

$SLB

2.9%

13
MRP

$MRP

2.23%

14
MTH

$MTH

1.56%

15
NOV

$NOV

1.46%

16
ETF-VBIL

$ETF-VBIL

0.94%

17
LEN.B

$LEN.B

0.56%

18
TFX

$TFX

0.24%

19
C

$C

0.06%

20
ICLR

$ICLR

0.05%

21
RHI

$RHI

0.05%

22
TMHC

$TMHC

0.05%

23
CRH

$CRH

0.04%

24
A

$A

0.02%

25
JPM

$JPM

0.02%

26
SCHW

$SCHW

0.02%

27
TEX

$TEX

0.02%

28
UNP

$UNP

0.01%

29
G

$G

0.01%

30
STLA

$STLA

0.01%

Recent Sells

1GS - The Goldman Sachs Group, Inc.1,000 shares