$410 Million is the total value of GoodHaven Capital Management's 27 reported holdings in Q4 2014. The portfolio turnover from Q3 2014 to Q4 2014 was 26.9% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| HPQ | Sell | Hewlett Packard Co | $52,711,000 | -21.9% | 1,313,506 | -30.9% | 12.86% | -6.6% |
| WAC | Buy | Walter Inv Mgmt Corp | $46,563,000 | -6.8% | 2,820,306 | +23.9% | 11.36% | +11.4% |
| WPX | Buy | WPX Energy Inc | $44,672,000 | +19.5% | 3,841,081 | +147.2% | 10.90% | +42.8% |
| SPLS | Sell | Staples Inc | $25,779,000 | +17.5% | 1,422,660 | -21.5% | 6.29% | +40.5% |
| GOLD | Buy | Barrick Gold Corp | $24,697,000 | -13.5% | 2,297,430 | +18.0% | 6.03% | +3.4% |
| WTM | Sell | White Mtns Ins Group Ltd | $23,831,000 | -11.9% | 37,821 | -11.9% | 5.82% | +5.3% |
| LUK | Sell | Leucadia Natl Corp | $23,210,000 | -11.0% | 1,035,238 | -5.4% | 5.66% | +6.3% |
| SPB | Sell | Spectrum Brands Hldgs Inc | $19,272,000 | -28.9% | 201,420 | -32.7% | 4.70% | -15.0% |
| OCN | Buy | Ocwen Finl Corp | $18,465,000 | -24.9% | 1,222,830 | +30.1% | 4.51% | -10.3% |
| FHI | Sell | Federated Invs Inc PAcl b | $16,608,000 | +11.1% | 504,330 | -0.9% | 4.05% | +32.9% |
| Y | Sell | Alleghany Corp Del | $16,464,000 | -22.9% | 35,522 | -30.5% | 4.02% | -7.9% |
| MSFT | Sell | Microsoft Corp | $11,827,000 | -70.7% | 254,625 | -70.8% | 2.89% | -65.0% |
| GOOGL | Google Inccl a | $11,431,000 | -9.8% | 21,541 | 0.0% | 2.79% | +7.8% | |
| GOOG | Google Inccl c | $11,339,000 | -8.8% | 21,541 | 0.0% | 2.77% | +9.0% | |
| HRG | Harbinger Group Inc | $9,843,000 | +7.9% | 695,100 | 0.0% | 2.40% | +29.0% | |
| SHLDQ | Sell | Sears Hldgs Corp | $9,385,000 | +21.5% | 284,562 | -7.1% | 2.29% | +45.2% |
| BRKB | Sell | Berkshire Hathaway Inc Delcl b new | $9,077,000 | -38.6% | 60,456 | -43.5% | 2.22% | -26.6% |
| SYX | Sell | Systemax Inc | $8,610,000 | +7.8% | 637,752 | -0.4% | 2.10% | +28.9% |
| GDX | Buy | Market Vectors ETF Trgold miner etf | $7,646,000 | +914.1% | 416,000 | +1078.5% | 1.87% | +1111.7% |
| XCO | Sell | EXCO Resources Inc | $5,046,000 | -38.3% | 2,325,412 | -5.1% | 1.23% | -26.3% |
| VZ | New | Verizon Communications Inc | $3,714,000 | – | 79,400 | +100.0% | 0.91% | – |
| JGBD | Deutsche Bk AG London BRH3x inv jap gov | $2,587,000 | -5.0% | 168,337 | 0.0% | 0.63% | +13.5% | |
| JGBS | Deutsche Bk AG London BRHinv jap gov bd | $2,232,000 | -1.7% | 122,624 | 0.0% | 0.54% | +17.7% | |
| SPY | New | SPDR S&P 500 ETF TRput | $1,820,000 | – | 7,250 | +100.0% | 0.44% | – |
| SHLWQ | New | Sears Hldgs Corpw exp 12/15/201 | $1,495,000 | – | 71,555 | +100.0% | 0.36% | – |
| GG | Sell | Goldcorp Inc New | $907,000 | -90.6% | 49,000 | -88.3% | 0.22% | -88.8% |
| HPQ | New | Hewlett Packard Coput | $522,000 | – | 5,307 | +100.0% | 0.13% | – |
| S | Exit | Sprint Corp | $0 | – | -18,400 | -100.0% | -0.02% | – |
| Exit | SPDR S&P 500 ETF TR | $0 | – | -13,000 | -100.0% | -0.33% | – | |
| DVN | Exit | Devon Energy Corp New | $0 | – | -191,250 | -100.0% | -2.66% | – |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2015-02-11
About GoodHaven Capital Management
GoodHaven Capital Management is a boutique investment firm founded in 2011 by Larry Pitkowsky and Keith Trauner, both of whom have extensive experience in the finance industry. The firm is headquartered in Stamford, Connecticut, and manages over $1 billion in assets for its clients.
Pitkowsky and Trauner are both former managers of the Fairholme Fund, a mutual fund that was once one of the largest holders of shares in Fannie Mae and Freddie Mac. They left Fairholme in 2011 to start their own firm, with the goal of creating a concentrated portfolio of high-quality companies that they believe are undervalued by the market.
GoodHaven's investment philosophy is based on the principles of value investing, which involves buying stocks that are trading at a discount to their intrinsic value. The firm's portfolio typically consists of 20-30 stocks, with a focus on companies that have strong balance sheets, sustainable competitive advantages, and management teams that are aligned with shareholders.
One of the key members of GoodHaven's team is Toby Loftin, the firm's Chief Investment Officer. Loftin has over 20 years of experience in the finance industry, and has worked for several well-known investment firms, including T. Rowe Price and Third Avenue Management.
Overall, GoodHaven Capital Management is a well-respected investment firm that has delivered solid returns for its clients since its inception. While the firm's concentrated portfolio approach may not be suitable for all investors, those who are looking for a value-oriented investment strategy may find GoodHaven's approach appealing.
It's important to note that this information is for educational purposes only and has not been fact-checked. As with any investment, it's important to do your own research and consult with a financial advisor before making any investment decisions.
Top long-term holdings
| Name | Quarters owned | Latest quarter owned | Max weighting |
|---|---|---|---|
| BERKSHIRE HATHAWAY INC DEL | 42 | Q3 2023 | 18.9% |
| BARRICK GOLD CORPORATION | 40 | Q1 2023 | 20.3% |
| ALLEGHANY CORP MD | 36 | Q1 2022 | 5.6% |
| VERIZON COMMUNICATIONS INC | 36 | Q3 2023 | 6.2% |
| ALPHABET INC CAP STOCK CL C | 32 | Q3 2023 | 14.6% |
| FEDERATED INVS INC PA | 32 | Q1 2021 | 7.8% |
| SYSTEMAX INC | 32 | Q1 2021 | 5.4% |
| ALPHABET INC CAP STOCK CL A | 32 | Q3 2023 | 4.3% |
| WPX ENERGY INC | 31 | Q4 2020 | 19.4% |
| BUILDERS FIRSTSOURCE INC | 27 | Q3 2023 | 14.0% |
View GoodHaven Capital Management's complete holdings history.
Latest significant ownerships (13-D/G)
| Filed | Shares | Percentage | |
|---|---|---|---|
| DITECH HOLDING CorpSold out | February 13, 2018 | 0 | 0.0% |
View GoodHaven Capital Management's complete significant-ownership history.
Latest filings
| Type | Filed |
|---|---|
| 13F-HR | 2024-02-13 |
| 13F-HR | 2023-11-13 |
| 13F-HR | 2023-08-11 |
| 13F-HR | 2023-05-11 |
| 13F-HR | 2023-02-13 |
| 13F-HR | 2022-11-09 |
| 13F-HR | 2022-08-12 |
| 13F-HR | 2022-05-13 |
| 13F-HR | 2022-02-14 |
| 13F-HR | 2021-11-15 |
View GoodHaven Capital Management's complete filings history.
All filings
- Holdings (13F-HR)
- Significant ownership (13-D/G)
- Insider transactions (4, 5, 6)
- Events (8-K)
- Shareholder votes (proxy)
View complete filings history.