← All Managers

Edgar Wachenheim

Greenhaven Associates

Value investor

$6.17B

Portfolio Value

30

Holdings

Q4 '25

Period

2026-01-07

Filed

📉

Simulated 13F Return

⚠️ Approximation

Total Return

+8.01%

Q1 '24 → Q4 '25

Annualized

+4.5%/yr

S&P: +7.61%/yr

Alpha (vs S&P)

-5.71%

7 quarters tracked

1-Year Return

+8.02%

α -5.69%

⚠️ Approximation only. 13F filings are delayed ~45 days. Options, shorts, and intra-quarter trades not captured.

📈 Recent Activity

Changes from previous quarter

GMREDUCED
20.0% of portfolio
-34% shares-1.4pp
LENREDUCED
16.8% of portfolio
+5% shares-1.7pp
TOLINCREASED
12.3% of portfolio
+0% shares+0.6pp
PHMREDUCED
10.5% of portfolio
-1% shares-0.7pp
DHIREDUCED
8.1% of portfolio
-4% shares-1.2pp
OSKREDUCED
5.1% of portfolio
-0% shares+0.1pp
AVTRINCREASED
3.8% of portfolio
+12% shares+0.3pp
ARWINCREASED
3.4% of portfolio
+0% shares-0.1pp
BAXREDUCED
3.3% of portfolio
+70% shares+1.1pp
LEAREDUCED
3.3% of portfolio
-1% shares+0.6pp
AVTREDUCED
3.1% of portfolio
-0% shares-0.1pp
SLBNEW
2.9% of portfolio
New position
MRPREDUCED
2.2% of portfolio
-0% shares-0.1pp
MTHINCREASED
1.6% of portfolio
+1% shares-0.0pp
NOVREDUCED
1.5% of portfolio
-0% shares+0.3pp
VBILINCREASED
0.9% of portfolio
+55% shares+0.4pp
TFXNEW
0.2% of portfolio
New position
CREDUCED
0.1% of portfolio
-60% shares-0.1pp
ICLRREDUCED
0.1% of portfolio
-0% shares
RHINEW
<0.1% of portfolio
New position
TMHCNEW
<0.1% of portfolio
New position
CRHREDUCED
<0.1% of portfolio
-20% shares
SCHWREDUCED
<0.1% of portfolio
-17% shares
TEXINCREASED
<0.1% of portfolio
-99% shares-1.1pp
GSSOLD
was <0.1%
Sold out position
Filing price: $796.35

Sold Out (1)

SOLDGSGoldman Sachs (GS)was 0.01%@$796.35

📊 Sector Breakdown

Portfolio allocation by sector

Unknown 97.0%Energy 2.9%Financials 0.1%

💼 Holdings

🔍

30 of 30 positions · $6.17B

This quarter: 4 new positions, increased 6, reduced 14, sold 1. Net seller.

GMREDUCED
20.0%
20.0% of portfolio (was 21.4%, trimmed)
Filed ~$81
—📄
LENREDUCED
16.8%
16.8% of portfolio (was 18.5%, trimmed)
Filed ~$103
—📄
TOLINCREASED
12.3%
12.3% of portfolio (was 11.7%, added)
Filed ~$135
—📄
PHMREDUCED
10.5%
10.5% of portfolio (was 11.2%, trimmed)
Filed ~$117
—📄
DHIREDUCED
8.1%
8.1% of portfolio (was 9.4%, trimmed)
Filed ~$144
—📄
OSKREDUCED
5.1%
5.1% of portfolio (was 5.0%, trimmed)
Filed ~$126
—📄
AVTRINCREASED
3.8%
3.8% of portfolio (was 3.5%, added)
Filed ~$11
—📄
ARWINCREASED
3.4%
3.4% of portfolio (was 3.5%, added)
Filed ~$110
—📄
BAXREDUCED
3.3%
3.3% of portfolio (was 2.2%, trimmed)
Filed ~$19
—📄
LEAREDUCED
3.3%
3.3% of portfolio (was 2.7%, trimmed)
Filed ~$115
—📄
AVTREDUCED
3.1%
3.1% of portfolio (was 3.1%, trimmed)
Filed ~$48
—📄
SLBNEW
2.9%
2.9% of portfolio (new position)
Filed ~$38
—📄
MRPREDUCED
2.2%
2.2% of portfolio (was 2.4%, trimmed)
Filed ~$30
—📄
MTHINCREASED
1.6%
1.6% of portfolio (was 1.6%, added)
Filed ~$66
—📄
NOVREDUCED
1.5%
1.5% of portfolio (was 1.2%, trimmed)
Filed ~$16
—📄
VBILINCREASED
0.9%
0.9% of portfolio (was 0.6%, added)
Filed ~$75
—📄
LEN
0.6%
0.6% of portfolio
Filed ~$95
—📄
TFXNEW
0.2%
0.2% of portfolio (new position)
Filed ~$122
—📄
CREDUCED
0.1%
0.1% of portfolio (was 0.1%, trimmed)
Filed ~$117
—📄
ICLRREDUCED
0.1%
0.1% of portfolio (was <0.1%, trimmed)
Filed ~$182
—📄
RHINEW
<0.1%
<0.1% of portfolio (new position)
Filed ~$27
—📄
TMHCNEW
<0.1%
<0.1% of portfolio (new position)
Filed ~$59
—📄
CRHREDUCED
<0.1%
<0.1% of portfolio (was <0.1%, trimmed)
Filed ~$125
—📄
A
<0.1%
<0.1% of portfolio
Filed ~$136
—📄
JPM
<0.1%
<0.1% of portfolio
Filed ~$322
—📄
SCHWREDUCED
<0.1%
<0.1% of portfolio (was <0.1%, trimmed)
Filed ~$100
—📄
TEXINCREASED
<0.1%
<0.1% of portfolio (was 1.2%, added)
Filed ~$53
—📄
UNP
<0.1%
<0.1% of portfolio
Filed ~$231
—📄
G
<0.1%
<0.1% of portfolio
Filed ~$47
—📄
STLA
<0.1%
<0.1% of portfolio
Filed ~$11
—📄

🚫 Sold Out (1 positions)

SOLDGSGoldman Sachs (GS)was 0.01%@$796.351000 shares · $796K