GoodHaven Capital Management, LLC

Hedge Fund • Value

GoodHaven Capital Management, LLC is a Value-focused Hedge Fund based in Millburn, NJ led by Larry Steven Pitkowsky, reporting $434.7M in AUM as of Q3 2025 with 59% Financial Services concentration, 78% concentrated in top 10 holdings, and 20% allocation to BRK.B.

Managing PartnerLarry Steven Pitkowsky

Portfolio Value: $310.6M
Positions: 26
Top Holding: BRK.B at 19.84%
Last Reported: Q3 2025

Address374 Millburn Avenue, Suite 306, Millburn, NJ, 07041, United States

Top Holdings

Largest long holdings in GoodHaven Capital Management, LLC's portfolio (77.9% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Berkshire Hathaway BRK.B	Insurance - Diversified Financial Services	$61.6M	19.84%	+$75.4K Bought	0.01% 122.6K shares	Q4 2019 Held for 5y 11m
2 Alphabet Inc. GOOG	Internet Content & Information Communication Services	$31.1M	10.01%	-$1.2M Sold	0.00% 127.6K shares	Q2 2014 Held for 11y 5m
3 Jefferies Financial Group JEF	Financial - Capital Markets Financial Services	$28.9M	9.31%	-$19.6K Sold	0.21% 442.0K shares	≤ Q2 2013 Held for 12y 5m+
4 Bank of America BAC	Banks - Diversified Financial Services	$21.8M	7.04%	-$15.5K Sold	0.01% 423.5K shares	Q1 2020 Held for 5y 8m
5 Builders FirstSource BLDR	Construction Industrials	$20.7M	6.66%	-$6.1K Sold	0.15% 170.5K shares	Q1 2017 Held for 8y 8m
6 Lennar Corporation LEN.B	Residential Construction Consumer Cyclical	$16.6M	5.36%	—	0.05% 138.7K shares	Q4 2019 Held for 5y 11m
7 KKR & Co. KKR	Asset Management Financial Services	$15.8M	5.08%	—	0.01% 121.3K shares	Q1 2020 Held for 5y 8m
8 Devon Energy DVN	Oil & Gas Exploration & Production Energy	$15.7M	5.05%	—	0.07% 447.0K shares	Q1 2021 Held for 4y 8m
9 Brookfield BN	Asset Management Financial Services	$15.5M	4.99%	—	0.02% 225.9K shares	Q4 2022 Held for 2y 11m
10 Progressive PGR	Insurance - Property & Casualty Financial Services	$14.2M	4.57%	-$12.3K Sold	0.01% 57.5K shares	Q1 2020 Held for 5y 8m

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GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in GoodHaven Capital Management, LLC's latest filing

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GthenC

Market Value

$310.6M

Prior: $287.8M

Q/Q Change

+7.91%

+$22.8M

Net Flows % of MV

+0.1%

Turnover Ratio

0.486%

New Purchases

0 stocks

Added To

5 stocks

+$1.7M

Sold Out Of

0 stocks

Reduced Holdings

8 stocks

-$1.4M

Increased Positions

Position	Shares Δ	Change
1 Chubb CB	+11.07%	43.4K → 48.2K +$1.4M
2 Asbury Automotive Group ABG	+1.7%	23.6K → 24.0K +$97.8K
3 Vitesse Energy VTS	+0.79%	552.2K → 556.5K +$101.1K
4 Arrow Electronics ARW	+0.33%	88.7K → 89.0K +$35.1K
5 Berkshire Hathaway BRK.B	+0.12%	122.4K → 122.6K +$75.4K

Decreased Positions

Position	Shares Δ	Change
1 Alphabet Inc. GOOG	-3.79%	132.6K → 127.6K −$1.2M
2 Guild Holdings GHLD	-2.24%	153.9K → 150.5K −$68.6K
3 Brookfield Asset Management BAM	-0.61%	5.7K → 5.7K −$2.0K
4 Hess Midstream HESM	-0.1%	134.4K → 134.2K −$4.8K
5 Progressive PGR	-0.09%	57.5K → 57.5K −$12.3K