$167 Million is the total value of GoodHaven Capital Management's 26 reported holdings in Q2 2023. The portfolio turnover from Q1 2023 to Q2 2023 was 21.4% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BRKB | Sell | BERKSHIRE HATHAWAY INC DELcl b new | $30,882,324 | +10.3% | 90,564 | -0.1% | 18.51% | +2.7% |
| BLDR | Sell | BUILDERS FIRSTSOURCE INC | $23,424,640 | +53.0% | 172,240 | -0.1% | 14.04% | +42.5% |
| GOOG | Sell | ALPHABET INC CAP STOCK CL Ccap stk cl c | $21,053,632 | +16.2% | 174,040 | -0.1% | 12.62% | +8.2% |
| JEF | Sell | JEFFERIES FINL GROUP INC | $15,022,958 | +4.2% | 452,908 | -0.3% | 9.00% | -2.9% |
| LENB | Sell | LENNAR CORPcl b | $11,445,326 | +26.1% | 101,304 | -0.3% | 6.86% | +17.5% |
| PGR | Sell | PROGRESSIVE CORP | $8,002,428 | -7.5% | 60,455 | -0.1% | 4.80% | -13.9% |
| DVN | Buy | DEVON ENERGY CORP NEW | $8,002,204 | -0.3% | 165,540 | +4.4% | 4.80% | -7.1% |
| KKR | Sell | KKR & CO INC | $7,069,440 | +6.5% | 126,240 | -0.1% | 4.24% | -0.8% |
| BAC | Sell | BANK AMERICA CORP | $5,773,030 | +0.3% | 201,221 | -0.0% | 3.46% | -6.6% |
| Sell | VITESSE ENERGY INC | $5,228,698 | +17.6% | 233,424 | -0.1% | 3.13% | +9.5% | |
| HESM | Sell | HESS MIDSTREAM LP | $4,396,659 | +5.8% | 143,307 | -0.2% | 2.64% | -1.5% |
| MKL | Sell | MARKEL CORP INC | $4,030,587 | +7.9% | 2,914 | -0.3% | 2.42% | +0.5% |
| GS | Buy | GOLDMAN SACHS GROUP INC | $3,622,769 | -1.1% | 11,232 | +0.3% | 2.17% | -7.9% |
| ASO | Sell | ACADEMY SPORTS & OUTDOORS IN | $2,740,335 | -17.4% | 50,700 | -0.3% | 1.64% | -23.1% |
| Sell | BROOKFIELD CORPcl a ltd vt sh | $2,472,366 | +3.0% | 73,473 | -0.2% | 1.48% | -4.0% | |
| GIC | Sell | GLOBAL INDUSTRIAL COMPANY | $2,466,976 | +3.3% | 88,836 | -0.2% | 1.48% | -3.8% |
| BABA | Sell | ALIBABA GROUP HLDG LTDsponsored ads | $2,356,555 | -18.7% | 28,273 | -0.4% | 1.41% | -24.3% |
| New | ARHAUS INC CL A | $2,081,619 | – | 199,580 | +100.0% | 1.25% | – | |
| GHLD | Sell | GUILD HLDGS COcl a | $1,841,422 | +9.0% | 162,097 | -0.2% | 1.10% | +1.5% |
| OXYWS | New | OCCIDENTAL PETE CORP*w exp 08/03/2027 | $1,579,382 | – | 42,320 | +100.0% | 0.95% | – |
| JPM | JPMORGAN CHASE & CO | $1,163,520 | +11.6% | 8,000 | 0.0% | 0.70% | +3.9% | |
| VZ | VERIZON COMMUNICATIONS INC | $856,709 | -4.4% | 23,036 | 0.0% | 0.51% | -10.9% | |
| CB | CHUBB LIMITED | $698,030 | -0.8% | 3,625 | 0.0% | 0.42% | -7.7% | |
| Sell | BROOKFIELD ASSET MANAGMT LTD | $518,197 | -0.6% | 15,881 | -0.3% | 0.31% | -7.2% | |
| GOOGL | ALPHABET INC CAP STOCK CL Acap stk cl a | $137,176 | +15.4% | 1,146 | 0.0% | 0.08% | +7.9% | |
| Sell | BROOKFIELD REINS LTDcl a exch lt vtg | $14,018 | +2.4% | 414 | -0.2% | 0.01% | -11.1% | |
| GOLD | Exit | BARRICK GOLD CORPcall | $0 | – | -225 | -100.0% | -0.02% | – |
| RH | Exit | RH | $0 | – | -7,111 | -100.0% | -1.11% | – |
| GOLD | Exit | BARRICK GOLD CORP | $0 | – | -173,200 | -100.0% | -2.07% | – |
| FB | Exit | META PLATFORMS INCcl a | $0 | – | -21,030 | -100.0% | -2.87% | – |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2023-08-11
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 | 41 | Q2 2023 | 18.9% |
| BARRICK GOLD CORPORATION | 40 | Q1 2023 | 20.3% |
| ALLEGHANY CORP MD | 36 | Q1 2022 | 5.6% |
| VERIZON COMMUNICATIONS INC | 35 | Q2 2023 | 6.2% |
| FEDERATED INVS INC PA | 32 | Q1 2021 | 7.8% |
| SYSTEMAX INC | 32 | Q1 2021 | 5.4% |
| WPX ENERGY INC | 31 | Q4 2020 | 19.4% |
| ALPHABET INC CAP STOCK CL C | 31 | Q2 2023 | 14.6% |
| ALPHABET INC CAP STOCK CL A | 31 | Q2 2023 | 4.3% |
| BUILDERS FIRSTSOURCE INC | 26 | Q2 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 | 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 |
| 13F-HR | 2021-08-13 |
| 13F-HR | 2021-05-14 |
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.