GREENHAVEN ASSOCIATES INC

Long Only Manager

GREENHAVEN ASSOCIATES INC is a Long Only Manager based in Purchase, NY led by Edgar Wachenheim, reporting $10.9B in AUM as of Q3 2025 with 69% Consumer Cyclical concentration, 88% concentrated in top 10 holdings, and 23% allocation to LEN.

ChairmanEdgar Wachenheim

Portfolio Value: $5.3B
Positions: 26
Top Holding: LEN at 23.02%
Last Reported: Q3 2025

AddressThree Manhattanville Road, Purchase, NY, 10577-2130, United States

Top Holdings

Largest long holdings in GREENHAVEN ASSOCIATES INC's portfolio (88.3% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Lennar LEN	Residential Construction Consumer Cyclical	$1.2B	23.02%	+$20.1M Bought	3.73% 9.7M shares	Q4 2015 Held for 9y 11m
2 Toll Brothers TOL	Residential Construction Consumer Cyclical	$771.0M	14.58%	-$2.9M Sold	5.79% 5.6M shares	Q1 2016 Held for 9y 8m
3 Pultegroup PHM	Residential Construction Consumer Cyclical	$735.9M	13.92%	-$1.4M Sold	2.82% 5.6M shares	Q2 2022 Held for 3y 5m
4 D.R. Horton DHI	Residential Construction Consumer Cyclical	$616.5M	11.66%	-$7.3M Sold	1.22% 3.6M shares	Q4 2014 Held for 10y 11m
5 Oshkosh OSK	Agricultural - Machinery Industrials	$327.7M	6.20%	-$3.6M Sold	3.95% 2.5M shares	Q3 2022 Held for 3y 2m
6 Arrow Electronics ARW	Technology Distributors Technology	$229.7M	4.35%	-$1.7M Sold	3.69% 1.9M shares	Q1 2023 Held for 2y 8m
7 Avantor AVTR	Chemicals - Specialty Basic Materials	$228.5M	4.32%	+$228.5M New	2.69% 18.3M shares	Q3 2025 Held for 2 months
8 Avnet AVT	Technology Distributors Technology	$205.4M	3.89%	-$1.8M Sold	4.71% 3.9M shares	Q3 2022 Held for 3y 2m
9 Lear Corporation LEA	Auto - Parts Consumer Cyclical	$180.7M	3.42%	-$4.6M Sold	3.38% 1.8M shares	Q2 2020 Held for 5y 5m
10 MRP Morgan Stanley MRP	Unknown Unknown	$154.6M	2.93%	-$110.5M Sold	— 4.6M shares	Q1 2025 Held for 8 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in GREENHAVEN ASSOCIATES INC's latest filing

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Market Value

$5.3B

Prior: $5.8B

Q/Q Change

-8.58%

-$496.3M

Net Flows % of MV

-28.06%

Turnover Ratio

6.27%

New Purchases

2 stocks

$371.7M

Added To

2 stocks

+$30.3M

Sold Out Of

1 stocks

$1.4M

Reduced Holdings

18 stocks

-$1.9B

Increased Positions

Position	Shares Δ	Change
1 Avantor AVTR	New	0 → 18.3M +$228.5M
2 Baxter International BAX	New	0 → 6.3M +$143.2M
3 NOVA, Inc. NOV	+15.36%	5.0M → 5.7M +$10.1M
4 Lennar LEN	+1.68%	9.5M → 9.7M +$20.1M

Decreased Positions

Position	Shares Δ	Change
1 Morgan Stanley MS	Sold	10.0K → 0 −$1.4M
2 Citigroup C	-99.49%	16.2M → 83.3K −$1.6B
3 Goldman Sachs Group GS	-60.0%	2.5K → 1.0K −$1.2M
4 MRP Morgan Stanley MRP	-41.66%	7.9M → 4.6M −$110.5M
5 MRP Millrose Properties, Inc. MRP	-41.66%	7.9M → 4.6M −$110.5M