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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
+14.16%
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
$10.9B
AUM Growth
+$1.48B
Cap. Flow
-$35.4M
Cap. Flow %
-0.33%
Top 10 Hldgs %
83.48%
Holding
27
New
–
Increased
12
Reduced
8
Closed
–

Top Buys

Rank Stock Value
1
G icon
Genpact
G
+$27.3M
2
IP icon
International Paper
IP
+$12M
3
C icon
Citigroup
C
+$9.93M
4
DHI icon
D.R. Horton
DHI
+$6M
5
NOV icon
NOV
NOV
+$3.88M

Top Sells

Rank Stock Value
1
WRK
WestRock Company
WRK
+$33.5M
2
JPM icon
JPMorgan Chase
JPM
+$17.5M
3
LEN icon
Lennar Class A
LEN
+$17M
4
GS icon
Goldman Sachs
GS
+$13.3M
5
CRH icon
CRH
CRH
+$8.65M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 46.33%
2 Financials 26.88%
3 Materials 8.76%
4 Technology 4.3%
5 Industrials 3.73%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MMM icon
26
3M
MMM
$92.3B
$251K ﹤0.01%
2,832
– –
1
2

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Edgar Wachenheim's Q1 2024 Portfolio in Review

As of Q1 2024, Edgar Wachenheim held 27 positions worth $10.9B, up 16% from $9.38B the previous quarter. Its ten largest holdings account for 83% of the portfolio.

Trading was light in Q1 2024: portfolio turnover was 0%. Edgar Wachenheim opened no new positions and made no exits, leaving the 27-position portfolio largely intact.

By sector, the portfolio is most concentrated in Consumer Discretionary at 46% of assets, down from 47% a quarter earlier, followed by Financials and Materials.

  • Edgar Wachenheim added most to Genpact in Q1 2024, an estimated $27.3M increase.
  • Edgar Wachenheim's biggest Q1 2024 reduction was WestRock Company, cutting an estimated $33.5M.
  • Edgar Wachenheim's ten largest holdings make up 83% of its $10.9B portfolio in Q1 2024.
  • Edgar Wachenheim opened 0 new positions and closed 0 in Q1 2024.
  • Edgar Wachenheim's portfolio value rose 16% quarter-over-quarter to $10.9B.

Based on Greenhaven Associates's 13F filing for Q1 2024, filed 26 Apr 2024.