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EW

Edgar Wachenheim Greenhaven Associates

AUM $8.66B
1-Year Est. Return 17.37%
 

Edgar Wachenheim III is the long-time leader of Greenhaven Associates, a concentrated value-oriented investment firm. Greenhaven is known for large positions in a limited number of equities and a multi-year investment horizon. Wachenheim’s approach emphasizes intrinsic value, patience, and a willingness to look different from the index.

This Fund
S&P 500
This Quarter Est. Return
+13.02%
1 Year Est. Return
+17.37%
3 Year Est. Return
+57.99%
5 Year Est. Return
+64.45%
10 Year Est. Return
+297.25%
AUM
$8.66B
AUM Growth
+$2.59B
Cap. Flow
+$1.74B
Cap. Flow %
20.08%
Top 10 Hldgs %
79.12%
Holding
31
New
4
Increased
7
Reduced
11
Closed
3

Top Buys

Rank Stock Value
1
BDX icon
Becton Dickinson
BDX
+$850M
2
ACN icon
Accenture
ACN
+$588M
3
ICLR icon
Icon
ICLR
+$140M
4
IQV icon
IQVIA
IQV
+$134M
5
EPAM icon
EPAM Systems
EPAM
+$62.1M

Top Sells

Rank Stock Value
1
SLB icon
SLB Ltd
SLB
+$46.2M
2
VBIL
Vanguard 0-3 Month Treasury Bill ETF
VBIL
+$40.4M
3
LEA icon
Lear
LEA
+$32.3M
4
ARW icon
Arrow Electronics
ARW
+$26.3M
5
TMHC
Taylor Morrison
TMHC
+$15.8M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 41.65%
2 Healthcare 24.21%
3 Technology 13.62%
4 Industrials 5.19%
5 Energy 3.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UNP icon
26
Union Pacific
UNP
$183B
$553K 0.01%
2,032
– –
G icon
27
Genpact
G
$6.24B
$275K ﹤0.01%
10,000
– –
STLA icon
28
Stellantis
STLA
$20.4B
– –
-37,000
Closed -$262K
TEX icon
29
Terex
TEX
$7.6B
– –
-10,922
Closed -$645K
TMHC
30
DELISTED
Taylor Morrison
TMHC
– –
-270,608
Closed -$15.8M
1
2

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Edgar Wachenheim's Q2 2026 Portfolio in Review

As of Q2 2026, Edgar Wachenheim held 31 positions worth $8.66B, up 43% from $6.07B the previous quarter. Its ten largest holdings account for 79% of the portfolio.

Edgar Wachenheim deployed $1.74B of net new capital in Q2 2026, opening 4 new positions and adding to 7 existing holdings. Its largest new stake was Becton Dickinson: 5,681,708 shares worth $860M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 42% of assets, down from 52% a quarter earlier, followed by Healthcare and Technology.

On the sell side, the largest reduction was SLB Ltd, an estimated $46.2M trimmed.

  • Edgar Wachenheim's largest Q2 2026 buy was Becton Dickinson: 5,681,708 shares worth $860M.
  • Edgar Wachenheim added most to Icon in Q2 2026, an estimated $140M increase.
  • Edgar Wachenheim's biggest Q2 2026 reduction was SLB Ltd, cutting an estimated $46.2M.
  • Edgar Wachenheim fully exited Taylor Morrison in Q2 2026, selling an estimated $15.8M.
  • Edgar Wachenheim's ten largest holdings make up 79% of its $8.66B portfolio in Q2 2026.
  • Edgar Wachenheim opened 4 new positions and closed 3 in Q2 2026.
  • Edgar Wachenheim's portfolio value rose 43% quarter-over-quarter to $8.66B.

Based on Greenhaven Associates's 13F filing for Q2 2026, filed 28 Jul 2026.