Greenhaven Associates Inc Q3 2023 vs. Q4 2023: A Comprehensive Analysis of 13F Holdings Comparison

Introduction:

In the financial world, understanding the holdings of prominent investment firms can provide invaluable insights into market trends and investment strategies. One such firm, Greenhaven Associates Inc, recently released its 13F filings for Q3 2023 and Q4 2023, which outlined their holdings and changes within the specified period. This article aims to analyze and summarize the significant changes in Greenhaven Associates Inc's holdings, highlighting key movements and providing a deeper understanding of their investment approach.

Greenhaven Associates Inc: An Overview

Greenhaven Associates Inc is a reputable investment management firm known for its long-term value investing strategies. Led by its founder, Edgar Wachenheim III, the firm aims to generate sustainable and consistent returns for its clients. By analyzing their 13F filings, we can gain valuable insights into their investment decisions and identify potential market trends.

Significant Holdings Changes:

1. Lennar Corporation - A (LEN):

- Q3 2023: 8,982,250 shares, valued at $1,008,077,000.

- Q4 2023: 9,042,711 shares, valued at $1,347,725,000.

- Change: 33.7% increase in shares held.

2. Goldman Sachs (GS):

- Q3 2023: 2,333,937 shares, valued at $755,191,000.

- Q4 2023: 2,330,477 shares, valued at $899,028,000.

- Change: 19% increase in shares held.

3. Citigroup Inc (C):

- Q3 2023: 13,164,793 shares, valued at $541,467,000.

- Q4 2023: 16,113,305 shares, valued at $828,868,000.

- Change: 53.1% increase in shares held.

4. General Motors Co (GM):

- Q3 2023: 22,219,988 shares, valued at $732,593,000.

- Q4 2023: 23,038,258 shares, valued at $827,534,000.

- Change: 13% increase in shares held.

5. J P Morgan Chase (JPM):

- Q3 2023: 4,719,004 shares, valued at $684,349,000.

- Q4 2023: 4,723,504 shares, valued at $803,468,000.

- Change: 17.4% increase in shares held.

6. CRH PLC (CRH):

- Q3 2023: 11,038,427 shares, valued at $604,133,000.

- Q4 2023: 11,141,937 shares, valued at $770,576,000.

- Change: 27.6% increase in shares held.

7. PulteGroup Inc. (PHM):

- Q3 2023: 5,702,018 shares, valued at $422,234,000.

- Q4 2023: 5,726,368 shares, valued at $591,075,000.

- Change: 40% increase in shares held.

8. Toll Brothers, Inc. (TOL):

- Q3 2023: 5,553,907 shares, valued at $410,766,000.

- Q4 2023: 5,544,987 shares, valued at $569,969,000.

- Change: 38.8% increase in shares held.

9. Westrock CO (WRK):

- Q3 2023: 13,519,770 shares, valued at $484,007,000.

- Q4 2023: 13,410,621 shares, valued at $556,808,000.

- Change: 15% increase in shares held.

10. D R Horton, Inc. (DHI):

- Q3 2023: 3,513,582 shares, valued at $377,604,000.

- Q4 2023: 3,547,948 shares, valued at $539,217,000.

- Change: 42.8% increase in shares held.

Key Insights:

Analyzing Greenhaven Associates Inc's Q3 2023 and Q4 2023 13F filings reveals several interesting insights. Firstly, the firm has significantly increased its holdings in prominent companies such as Lennar Corporation, Citigroup, and PulteGroup Inc. This indicates a bullish outlook on the respective sectors and suggests that Greenhaven Associates Inc believes in the growth potential of these companies.

Additionally, the firm has increased its exposure to the financial sector, with notable holdings in Goldman Sachs, J P Morgan Chase, and Citigroup. This suggests that Greenhaven Associates Inc sees value within the financial industry and has capitalized on potential investment opportunities.

Furthermore, the fact that General Motors Co's shares have also increased in Greenhaven Associates Inc's portfolio indicates a positive sentiment towards the automotive industry. This rise may be attributed to the company's solid performance and Greenhaven Associates Inc's confidence in its future prospects.

Conclusion:

With their Q3 2023 and Q4 2023 13F filings, Greenhaven Associates Inc has showcased their investment decisions and provided valuable insights into their holdings. The significant increase in holdings for companies like Lennar Corporation, Citigroup, and PulteGroup Inc reflects their bullish outlook on these sectors. Moreover, their increased exposure to the financial industry suggests a belief in attractive investment opportunities in this sector. These insights from Greenhaven Associates Inc's holdings changes can serve as a valuable resource for investors seeking to understand market trends and potential investment opportunities.

Please note: This article does not constitute financial advice. Investors are advised to conduct their own research and consult with a financial advisor before making any investment decisions.