$258 Million is the total value of GoodHaven Capital Management's 23 reported holdings in Q3 2015. The portfolio turnover from Q2 2015 to Q3 2015 was 34.6% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| WAC | Sell | WALTER INVT MGMT CORP | $40,704,000 | -29.8% | 2,504,847 | -1.2% | 15.77% | -14.3% |
| WPX | Buy | WPX ENERGY INC | $27,740,000 | -36.2% | 4,190,349 | +18.3% | 10.74% | -22.2% |
| GOLD | Buy | BARRICK GOLD CORP | $23,365,000 | -5.8% | 3,673,810 | +57.9% | 9.05% | +14.9% |
| HPQ | Sell | HEWLETT PACKARD CO | $17,755,000 | -24.7% | 693,289 | -11.8% | 6.88% | -8.2% |
| WTM | Sell | WHITE MTNS INS GROUP LTD | $17,041,000 | -8.5% | 22,804 | -19.8% | 6.60% | +11.6% |
| LUK | Sell | LEUCADIA NATL CORP | $14,496,000 | -21.0% | 715,485 | -5.4% | 5.62% | -3.7% |
| Y | Sell | ALLEGHANY CORP DEL | $13,007,000 | -6.0% | 27,787 | -5.9% | 5.04% | +14.7% |
| FHI | Sell | FEDERATED INVS INC PAcl b | $12,763,000 | -13.7% | 441,625 | -0.0% | 4.94% | +5.3% |
| SPB | Sell | SPECTRUM BRANDS HLDGS INC | $12,442,000 | -10.5% | 135,965 | -0.2% | 4.82% | +9.2% |
| SPLS | Sell | STAPLES INC | $12,076,000 | -35.6% | 1,029,510 | -16.0% | 4.68% | -21.5% |
| GOOG | Buy | GOOGLE INCcl c | $11,705,000 | +19.1% | 19,238 | +1.9% | 4.53% | +45.3% |
| VZ | Buy | VERIZON COMMUNICATIONS INC | $10,653,000 | +274.1% | 244,850 | +300.7% | 4.13% | +356.4% |
| GOOGL | Sell | GOOGLE INCcl a | $10,310,000 | +1.4% | 16,150 | -14.2% | 3.99% | +23.7% |
| SHLDQ | Sell | SEARS HLDGS CORP | $9,007,000 | -15.5% | 398,527 | -0.2% | 3.49% | +3.1% |
| HRG | Sell | HRG GROUP INC | $5,652,000 | -31.9% | 481,800 | -24.5% | 2.19% | -16.9% |
| BRKB | Sell | BERKSHIRE HATHAWAY INC DELcl b new | $4,642,000 | -4.2% | 35,596 | -0.0% | 1.80% | +16.8% |
| WPXP | New | WPX ENERGY INCpfd ser a cv | $4,487,000 | – | 124,220 | +100.0% | 1.74% | – |
| SYX | Sell | SYSTEMAX INC | $4,167,000 | -13.8% | 556,381 | -0.6% | 1.61% | +5.1% |
| SRG | New | SERITAGE GROWTH PPTYScl a | $3,036,000 | – | 81,494 | +100.0% | 1.18% | – |
| MSFT | Sell | MICROSOFT CORP | $2,532,000 | -0.7% | 57,210 | -0.9% | 0.98% | +21.3% |
| GG | Sell | GOLDCORP INC NEW | $463,000 | -41.4% | 37,000 | -24.1% | 0.18% | -28.7% |
| CEF | New | CENTRAL FD CDA LTDcl a | $106,000 | – | 10,000 | +100.0% | 0.04% | – |
| XCO | Sell | EXCO RESOURCES INC | $34,000 | -96.9% | 44,700 | -95.2% | 0.01% | -96.3% |
| GDX | Exit | MARKET VECTORS ETF TRcall | $0 | – | -960 | -100.0% | -0.03% | – |
| SPY | Exit | SPDR S&P 500 ETF TRput | $0 | – | -1,925 | -100.0% | -0.29% | – |
| SHLWQ | Exit | SEARS HLDGS CORPw exp 12/15/201 | $0 | – | -64,610 | -100.0% | -0.32% | – |
| JGBS | Exit | DEUTSCHE BK AG LONDON BRHdb invr jap gov | $0 | – | -122,624 | -100.0% | -0.71% | – |
| JGBD | Exit | DEUTSCHE BK AG LONDON BRHdb 3x iv jap gov | $0 | – | -168,337 | -100.0% | -0.82% | – |
| GDX | Exit | MARKET VECTORS ETF TRgold miner etf | $0 | – | -230,000 | -100.0% | -1.30% | – |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2015-11-13
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.