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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
+16.95%
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
$5.31B
AUM Growth
+$760M
Cap. Flow
+$135M
Cap. Flow %
2.55%
Top 10 Hldgs %
86.79%
Holding
30
New
2
Increased
6
Reduced
16
Closed
2

Top Buys

Rank Stock Value
1
C icon
Citigroup
C
+$130M
2
GS icon
Goldman Sachs
GS
+$20M
3
MS icon
Morgan Stanley
MS
+$19M
4
PSQ icon
ProShares Short QQQ
PSQ
+$5M
5
TOL icon
Toll Brothers
TOL
+$3.11M

Top Sells

Rank Stock Value
1
GM icon
General Motors
GM
+$539M
2
DE icon
Deere & Co
DE
+$146M
3
SCHW
Charles Schwab
SCHW
+$72.4M
4
DHI icon
D.R. Horton
DHI
+$13.9M
5
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$11.3M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 36.92%
2 Financials 36.41%
3 Industrials 8.19%
4 Materials 2.48%
5 Consumer Staples 1.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MMM icon
26
3M
MMM
$92.3B
$437K 0.01%
2,990
-2,990
-50% -$424K
UNP icon
27
Union Pacific
UNP
$183B
$423K 0.01%
2,032
– –
GM icon
28
General Motors
GM
$77.2B
– –
-18,228,066
Closed -$539M
AMTD
29
DELISTED
TD Ameritrade Holding Corp
AMTD
– –
-5,170
Closed -$202K
1
2

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Edgar Wachenheim's Q4 2020 Portfolio in Review

As of Q4 2020, Edgar Wachenheim held 30 positions worth $5.31B, up 17% from $4.55B the previous quarter. Its ten largest holdings account for 87% of the portfolio.

Edgar Wachenheim's Q4 2020 filing shows 2 new, 6 increased, 16 reduced and 2 closed positions. Its largest new stake was FedEx: 2,500 shares worth $649K. The largest sale was General Motors, an estimated $539M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 37% of assets, down from 56% a quarter earlier, followed by Financials and Industrials.

  • Edgar Wachenheim's largest Q4 2020 buy was FedEx: 2,500 shares worth $649K.
  • Edgar Wachenheim added most to Citigroup in Q4 2020, an estimated $130M increase.
  • Edgar Wachenheim's biggest Q4 2020 reduction was Deere & Co, cutting an estimated $146M.
  • Edgar Wachenheim fully exited General Motors in Q4 2020, selling an estimated $539M.
  • Edgar Wachenheim's ten largest holdings make up 87% of its $5.31B portfolio in Q4 2020.
  • Edgar Wachenheim opened 2 new positions and closed 2 in Q4 2020.
  • Edgar Wachenheim's portfolio value rose 17% quarter-over-quarter to $5.31B.

Based on Greenhaven Associates's 13F filing for Q4 2020, filed 3 Feb 2021.