WhaleCreep

Greenhaven Road Investment Management, L.P. 13F holdings, Q3 2025

Hedge fundSEC filingsCompare with another fundHoldings as of 2025-09-30, filed 2025-12-01

Greenhaven Road Investment Management, L.P. disclosed 15 US equity positions worth $242.3m in its Q3 2025 13F filing. Its largest position is PAR at 15.9% of the reported book, followed by HGTY and CLBT. Versus Q2 2025 it opened 0 new positions, added to 5, reduced 5 and exited 3.

$242m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
15
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
15.9%
Largest position
The largest single position as a share of the reported equity book.
97.4%
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 Q2 2025: 0 new, 5 added, 5 reduced, 3 exited

15 rows
PAR PAR TECHNOLOGY CORPTechnology15.9%$38.5m973,198−2.2%reduced
HGTY HAGERTY INCFinancial Services13.2%$32.1m2.66m+47%added
CLBT CELLEBRITE DI LTDTechnology12.6%$30.6m1.65m+8.9%added
KKR KKR & CO INCFinancial Services11.8%$28.6m219,700−6.4%reduced
LFCR LIFECORE BIOMEDICAL INCHealthcare11.2%$27.2m3.69m0.0%held
BUR BURFORD CAPITAL LIMITEDFinancial Services7.9%$19.2m1.60m−1.4%reduced
KWY KINGSWAY CORP–7.9%$19.2m1.31m0.0%held
LPX LOUISIANA PAC CORPIndustrials6.8%$16.6m186,417−7.4%reduced
ASTS AST SPACEMOBILE INCTechnology6.7%$16.2m329,111+23%added
ALLT ALLOT LTDTechnology3.3%$8.0m759,643+21%added
SOC SABLE OFFSHORE CORPEnergy2.1%$5.1m289,345−55%reduced
NN NEXTNAV INCTechnology0.4%$858k60,0000.0%held
MTRX MATRIX SVC CO–0.08%$183k13,9690.0%held
RSSS RESEARCH SOLUTIONS INC–0.06%$144k38,4770.0%held
QRHC QUEST RESOURCE HLDG CORP–0.02%$48.2k30,777+137%added

Exited since Q2 2025

3 rows
BNED BARNES & NOBLE ED INC4.1%$11.6m
ALTG ALTA EQUIPMENT GROUP INC3.0%$8.6m
35Y CORECARD CORPORATION0.08%$215k

Sector mix

  • Technology38.9%
  • Financial Services32.9%
  • Healthcare11.2%
  • Unclassified8.1%
  • Industrials6.8%
  • Energy2.1%

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