Greenhaven Associates Inc Q1 2023 vs. Q2 2023: A Comparative Analysis of 13F Holdings

Greenhaven Associates Inc, a prominent investment management firm, recently released its Q1 2023 and Q2 2023 13F filings, showcasing the changes in its portfolio holdings during this period. In this blog post, we will analyze and highlight the significant shifts in the fund's investments and provide insights into the potential reasons behind these changes.

Lennar Corporation - A (LEN) remained a top holding for Greenhaven Associates Inc. Although there was a slight decrease in the number of shares held (from 9,101,388 to 9,066,250), the value of the holding increased significantly, indicating the fund's continued confidence in the company's growth prospects.

General Motors Co (GM) witnessed a notable increase in shares held by Greenhaven Associates Inc. The fund's stake in GM rose from 20,262,118 shares to 22,036,218 shares, reflecting a bullish sentiment towards the automotive giant. This increase in holdings could be attributed to positive industry trends or the fund's expectations of GM's future performance.

Goldman Sachs (GS) experienced a marginal increase in shares held by Greenhaven Associates Inc. The fund's stake in GS rose from 2,224,798 shares to 2,275,566 shares, indicating a sustained commitment to the financial services sector.

J P Morgan Chase (JPM) also saw a slight increase in shares held by Greenhaven Associates Inc. The fund's stake in JPM rose from 4,738,784 shares to 4,806,904 shares, suggesting the fund's confidence in the banking sector's resilience and growth potential.

Citigroup Inc (C) witnessed a notable increase in shares held by Greenhaven Associates Inc. The fund's stake in C rose from 10,081,460 shares to 10,970,910 shares, signaling a bullish outlook on the financial services industry and Citigroup's performance.

PulteGroup Inc. (PHM) experienced a considerable increase in both shares held and their value. Greenhaven Associates Inc's stake in PHM rose from 5,638,390 shares to 5,783,350 shares, with the value of the holding growing substantially. This increase in holdings suggests the fund's confidence in the residential construction sector and PulteGroup Inc's growth prospects.

Toll Brothers, Inc. (TOL) observed a similar trend, with Greenhaven Associates Inc increasing its holdings in the company. The fund's stake in TOL rose from 5,346,935 shares to 5,537,947 shares, with the value of the holding also experiencing a significant boost.

D R Horton, Inc. (DHI) witnessed a minor decrease in shares held by Greenhaven Associates Inc. The fund's stake in DHI declined from 3,652,023 shares to 3,594,442 shares, with the value of the holding also experiencing a slight decrease.

Westrock CO (WRK) experienced a minimal increase in shares held by Greenhaven Associates Inc. The fund's stake in WRK rose from 12,686,720 shares to 13,561,470 shares, indicating a continued interest in the packaging solutions industry.

Whirlpool Corp (WHR) saw a slight decrease in shares held by Greenhaven Associates Inc. The fund's stake in WHR declined from 2,126,790 shares to 2,111,930 shares, although the value of the holding remained relatively stable.

International Paper Co (IP) witnessed a significant increase in shares held by Greenhaven Associates Inc. The fund's stake in IP rose from 6,365,425 shares to 9,123,905 shares, indicating a bullish sentiment towards the paper and packaging industry.

Lear Corporation (LEA) experienced a moderate increase in shares held by Greenhaven Associates Inc. The fund's stake in LEA rose from 1,728,550 shares to 1,809,030 shares, suggesting optimism in the automotive sector.

Arrow Electronics Inc (ARW) saw a substantial increase in shares held by Greenhaven Associates Inc. The fund's stake in ARW rose significantly from 671,987 shares to 1,498,038 shares, with the value of the holding also experiencing a significant increase.

Oshkosh Corp (OSK) witnessed a significant increase in shares held by Greenhaven Associates Inc. The fund's stake in OSK rose from 1,957,309 shares to 2,357,828 shares, reflecting a bullish sentiment towards the company's prospects in the defense and specialty vehicle manufacturing industry.

Avnet Inc (AVT) experienced a notable increase in shares held by Greenhaven Associates Inc. The fund's stake in AVT rose from 3,157,503 shares to 3,642,489 shares, indicating continued confidence in the electronic components industry.

CRH PLC - Sponsored ADR (CRH) witnessed a significant increase in shares held by Greenhaven Associates Inc. The fund's stake in CRH rose from 1,718,045 shares to 2,090,525 shares, suggesting a positive outlook on the building materials sector.

Meritage Homes Corp (MTH) saw a minor increase in shares held by Greenhaven Associates Inc. The fund's stake in MTH rose from 810,451 shares to 810,891 shares, indicating sustained interest in the residential construction industry.

Apart from the listed companies, there were several other notable changes in Greenhaven Associates Inc's portfolio holdings, with some companies experiencing a decrease in shares held or a complete divestment from the positions previously held.

It's important to note that the analysis provided is based solely on the changes in holdings disclosed in Greenhaven Associates Inc's 13F filings and does not take into account any additional information or strategies employed by the fund. It is always advisable to conduct thorough research and consult with financial advisors before making any investment decisions.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. Investing in the stock market carries inherent risks, and individuals should always conduct their own research or seek professional guidance before making investment decisions.