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Greenhouse Funds Portfolio holdings
AUM
$1.96B
Turnover
33.33%
1-Year Est. Return
36.47%
Greenhouse Funds is a hedge fund firm, set up in 2013 by Joseph Milano, that mostly invests in stocks. It runs hedge funds and long-only funds that are offered to institutional and other sophisticated investors. Baird Financial Corporation took an equity stake in the firm, and Greenhouse also helps manage the Baird Equity Opportunity Fund.
This Fund
S&P 500
This Quarter Est. Return
+31.97%
1 Year Est. Return
+36.47%
3 Year Est. Return
+90.69%
5 Year Est. Return
+114.96%
10 Year Est. Return
–
AUM
$1.96B
AUM Growth
-$277M
(-12%)
Cap. Flow
-$583M
Cap. Flow % of AUM
Cap. Flow %
-29.78%
Top 10 Holdings %
Top 10 Hldgs %
55.96%
Holding
39
New
6
Increased
7
Reduced
17
Closed
7
Avg Time Held
Equity + Options
2
years
Top 10 Avg Time Held
Equity + Options
0.9
years
Top 20 Avg Time Held
Equity + Options
1.2
years
Avg Time Held Equity only
2.2
years
Top 10 Avg Time Held Equity only
0.9
years
Top 20 Avg Time Held Equity only
1.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Halliburton
HAL
|
+$43M |
| 2 |
Solaris Energy Infrastructure
SEI
|
+$35.4M |
| 3 |
Rivian
RIVN
|
+$26.2M |
| 4 |
NuScale Power
SMR
|
+$24.4M |
| 5 |
Novanta
NOVT
|
+$23.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Globalstar
GSAT
|
+$174M |
| 2 |
Mister Car Wash
MCW
|
+$93M |
| 3 |
ZoomInfo Technologies
GTM
|
+$68.5M |
| 4 |
Valmont Industries
VMI
|
+$58.6M |
| 5 |
Astera Labs
ALAB
|
+$58.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 32.55% |
| 2 | Healthcare | 19.54% |
| 3 | Industrials | 19.44% |
| 4 | Consumer Discretionary | 12.3% |
| 5 | Energy | 7.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
NCR Voyix
VYX
$1.17B
| $163M | 8.31% |
19,897,615
+185,201
| +0.9% | +$1.3M |
2024 Q2
8 quarters
|
|
2
RBC Bearings
RBC
$14.6B
| $126M | 6.43% |
195,498
-38,609
| -16% | -$23M |
2024 Q2
8 quarters
|
|
3
NeoGenomics
NEO
$2.25B
| $125M | 6.39% |
8,574,210
-525,893
| -6% | -$5.07M |
2022 Q1
17 quarters
|
|
4
Sportradar
SRAD
$3.56B
| $124M | 6.34% |
8,287,494
-1,076,370
| -11% | -$15.7M |
2022 Q4
14 quarters
|
|
5
HealthEquity
HQY
$8.48B
| $107M | 5.46% |
1,183,024
-74,830
| -6% | -$6.34M |
2024 Q1
9 quarters
|
|
6
Norwegian Cruise Line
NCLH
$8.07B
| $100M | 5.11% |
4,733,164
-380,816
| -7% | -$7.11M |
2024 Q2
8 quarters
|
|
7
BILL Holdings
BILL
$4.15B
| $96.6M | 4.94% |
2,672,670
-517,935
| -16% | -$19.1M |
2024 Q1
9 quarters
|
|
8
Hayward Holdings
HAYW
$3.36B
| $95.3M | 4.87% |
5,507,710
-911,254
| -14% | -$13.3M |
2023 Q3
11 quarters
|
|
9
Cadre Holdings
CDRE
$1.3B
| $81.8M | 4.18% |
2,868,664
+286
| +0% | +$8.62K |
2021 Q4
18 quarters
|
|
10
Oceaneering
OII
$4.07B
| $76.8M | 3.93% |
1,896,343
-136,146
| -7% | -$5.13M |
2022 Q2
16 quarters
|
|
11
State Street SPDR S&P Biotech ETF
XBI
$10.8B
| $76.7M | 3.92% |
484,437
-166,512
| -26% | -$22.5M |
2025 Q1
5 quarters
|
|
12
LivaNova
LIVN
$4.35B
| $76M | 3.88% |
924,128
+155,833
| +20% | +$11M |
2025 Q4
2 quarters
|
|
13
Merit Medical Systems
MMSI
$5.17B
| $74.3M | 3.8% |
1,072,098
-50,349
| -4% | -$3.32M |
2023 Q1
13 quarters
|
|
14
Chime Financial
CHYM
$10.6B
| $70M | 3.58% |
3,418,402
-3,353
| -0.1% | -$65.1K |
2025 Q2
4 quarters
|
|
|
15
Astera Labs
ALAB
$44.9B
| $65M | 3.32% |
134,562
-220,710
| -62% | -$58.6M |
2024 Q2
8 quarters
|
|
16
Teledyne Technologies
TDY
$30.5B
| $60.8M | 3.11% |
91,147
-26,636
| -23% | -$16.8M |
2025 Q1
5 quarters
|
|
|
17
Novanta
NOVT
$5.51B
| $57.9M | 2.96% |
356,787
+160,159
| +81% | +$23.2M |
2025 Q4
2 quarters
|
|
|
18
Valmont Industries
VMI
$8.08B
| $55.8M | 2.85% |
96,557
-116,491
| -55% | -$58.6M |
2020 Q4
22 quarters
|
|
19
Sweetgreen
SG
$1.32B
| $44.6M | 2.28% |
5,066,028
+16,793
| +0.3% | +$128K |
2025 Q2
4 quarters
|
|
|
20
Solaris Energy Infrastructure
SEI
$4.65B
| $39.8M | 2.04% |
+495,053
| New | +$35.4M |
2026 Q2
0 quarters
|
|
|
21
Halliburton
HAL
$29.9B
| $37.4M | 1.91% |
+1,100,287
| New | +$43M |
2026 Q2
0 quarters
|
|
|
22
CALL
NCR Voyix
VYX
$1.17B
| $34.5M | 1.76% |
4,219,300
+1,500,000
| +55% | +$10.6M |
2026 Q1
1 quarter
|
|
|
23
Rivian
RIVN
$17.7B
| $29.2M | 1.49% |
+1,681,265
| New | +$26.2M |
2026 Q2
0 quarters
|
|
24
Papa John's
PZZA
$607M
| $27.2M | 1.39% |
740,311
+194,295
| +36% | +$6.71M |
2026 Q1
1 quarter
|
|
25
American Eagle Outfitters
AEO
$3.29B
| $22.6M | 1.15% |
+1,313,114
| New | +$22.7M |
2026 Q2
0 quarters
|
|
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Greenhouse Funds's Q2 2026 Portfolio in Review
As of Q2 2026, Greenhouse Funds held 39 positions worth $1.96B, down 12% from $2.23B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Greenhouse Funds withdrew a net $583M in Q2 2026, closing 7 positions and reducing 17 holdings. Its most notable exit was Mister Car Wash, an estimated $93M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 32% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Greenhouse Funds opened a new position in Halliburton worth $37.4M.
- Greenhouse Funds's largest Q2 2026 buy was Halliburton: 1,100,287 shares worth $37.4M.
- Greenhouse Funds added most to Novanta in Q2 2026, an estimated $23.2M increase.
- Greenhouse Funds's biggest Q2 2026 reduction was Globalstar, cutting an estimated $174M.
- Greenhouse Funds fully exited Mister Car Wash in Q2 2026, selling an estimated $93M.
- Greenhouse Funds's ten largest holdings make up 56% of its $1.96B portfolio in Q2 2026.
- Greenhouse Funds opened 6 new positions and closed 7 in Q2 2026.
- Greenhouse Funds's portfolio value fell 12% quarter-over-quarter to $1.96B.
Based on Greenhouse Funds's 13F filing for Q2 2026, filed 14 Aug 2026.