WhaleCreep

Greenhaven Road Investment Management, L.P. 13F holdings, Q2 2025

Hedge fundSEC filingsCompare with another fundHoldings as of 2025-06-30, filed 2025-08-13

Greenhaven Road Investment Management, L.P. disclosed 18 US equity positions worth $284.8m in its Q2 2025 13F filing. Its largest position is PAR at 24.2% of the reported book, followed by KKR and LFCR. Versus Q1 2025 it opened 2 new positions, added to 9, reduced 5 and exited 1.

$285m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
18
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
24.2%
Largest position
The largest single position as a share of the reported equity book.
90.5%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
9
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
27
Quarters on file since Q4 2019
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q1 2025: 2 new, 9 added, 5 reduced, 1 exited

18 rows
PAR PAR TECHNOLOGY CORPTechnology24.2%$69.0m995,014−1.2%reduced
KKR KKR & CO INCFinancial Services11.0%$31.2m234,700−4.1%reduced
LFCR LIFECORE BIOMEDICAL INCHealthcare10.5%$30.0m3.69m+2.2%added
CLBT CELLEBRITE DI LTDTechnology8.5%$24.3m1.52m−3.4%reduced
BUR BURFORD CAPITAL LIMITEDFinancial Services8.1%$23.2m1.63m+1.1%added
HGTY HAGERTY INCFinancial Services6.4%$18.3m1.81m+33%added
KWY KINGSWAY CORP–6.2%$17.7m1.31m+73%added
LPX LOUISIANA PAC CORPIndustrials6.1%$17.3m201,417+3.3%added
SOC SABLE OFFSHORE CORPEnergy5.0%$14.2m645,889+7.5%added
ASTS AST SPACEMOBILE INCTechnology4.4%$12.5m268,000–new
BNED BARNES & NOBLE ED INC–4.1%$11.6m984,162−8.0%reduced
ALTG ALTA EQUIPMENT GROUP INCIndustrials3.0%$8.6m1.36m−24%reduced
ALLT ALLOT LTDTechnology1.9%$5.4m626,024+272%added
NN NEXTNAV INCTechnology0.3%$912k60,0000.0%held
35Y CORECARD CORPORATION–0.08%$215k7,434–new
MTRX MATRIX SVC CO–0.07%$189k13,9690.0%held
RSSS RESEARCH SOLUTIONS INC–0.04%$110k38,477+1.9%added
QRHC QUEST RESOURCE HLDG CORP–0.01%$26.2k12,976+13%added

Exited since Q1 2025

1 row
APPS DIGITAL TURBINE INC1.1%$2.8m

Sector mix

  • Technology39.4%
  • Financial Services25.5%
  • Healthcare10.5%
  • Unclassified10.5%
  • Industrials9.1%
  • Energy5.0%

Book over time

Every quarter on file (27)
QuarterPositionsEquity book
Q2 202617$154m
Q1 202617$145m
Q4 202515$231m
Q3 202515$242m
Q2 202518$285m
Q1 202517$243m
Q4 202416$259m
Q3 202415$235m
Q2 202418$216m
Q1 202419$236m
Q4 202321$238m
Q3 202327$2.0bn
Q2 202334$2.0bn
Q1 202337$1.7bn
Q4 202233$155m
Q3 202242$166m
Q2 202250$195m
Q1 202256$306m
Q4 202147$444m
Q3 202148$506m
Q2 202137$488m
Q1 202124$448m
Q4 202026$392m
Q3 202022$259m
Q2 202023$151m
Q1 202015$79.8m
Q4 201916$114m

Where Greenhaven Road Investment Management, L.P. was early

12 rows
ROKU ROKU INCQ1 202013 of 2057.7%8.5%7Exited by Q4 2021+258%
RICK RCI HOSPITALITY HLDGS INCQ2 20202 of 533.2%8.2%8Exited by Q2 2022+343%
BXC BLUELINX HLDGS INCQ2 20206 of 802.4%2.5%3Exited by Q1 2021+241%
AEYE AUDIOEYE INCQ3 20201 of 404.6%5.6%13Exited by Q4 2023−66%
VMEO* VIMEO INCQ2 20218 of 1162.0%2.0%2Exited by Q4 2021−40%
PPLI IAC INTERACTIVECORP NEWQ2 202112 of 1564.0%4.4%3Exited by Q1 2022−15%
MKTW MARKETWISE INCQ3 20211 of 284.1%6.0%14Exited by Q1 2025−93%
CLBT CELLEBRITE DI LTDQ4 20214 of 852.1%16.8%19Held at last filing, Q2 2026+82%
HGTY HAGERTY INCQ2 20221 of 323.8%17.2%17Held at last filing, Q2 2026+3.7%
NXDR NEXTDOOR HOLDINGS CL AQ2 20225 of 821.1%1.1%4Exited by Q2 2023−35%
BUR BURFORD CAP LTDQ1 20237 of 996.8%11.1%14Held at last filing, Q2 2026−63%
SOC SABLE OFFSHORE CORPQ3 20244 of 1015.0%6.3%5Exited by Q4 2025−26%

Concentration and tenure

20.4%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
92.8%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
3
Median completed holding, quarters