WhaleCreep

Greenhaven Road Investment Management, L.P. 13F holdings, Q4 2025

Hedge fundSEC filingsCompare with another fundHoldings as of 2025-12-31, filed 2026-02-13

Greenhaven Road Investment Management, L.P. disclosed 15 US equity positions worth $230.8m in its Q4 2025 13F filing. Its largest position is HGTY at 15.2% of the reported book, followed by PAR and LFCR. Versus Q3 2025 it opened 1 new position, added to 5, reduced 6 and exited 1.

$231m
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.
15.2%
Largest position
The largest single position as a share of the reported equity book.
98.2%
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 Q3 2025: 1 new, 5 added, 6 reduced, 1 exited

15 rows
HGTY HAGERTY INCFinancial Services15.2%$35.2m2.62m−1.8%reduced
PAR PAR TECHNOLOGY CORPTechnology13.9%$32.2m886,883−8.9%reduced
LFCR LIFECORE BIOMEDICAL INCHealthcare13.0%$30.1m3.68m−0.3%held
CLBT CELLEBRITE DI LTDTechnology12.5%$28.8m1.60m−3.2%reduced
KWY KINGSWAY CORP–11.0%$25.3m1.88m+44%added
KKR KKR & CO INCFinancial Services9.4%$21.7m190,100−13%reduced
ASTS AST SPACEMOBILE INCTechnology8.7%$20.0m275,219−16%reduced
BUR BURFORD CAPITAL LIMITEDFinancial Services7.2%$16.6m1.87m+16%added
ALLT ALLOT LTDTechnology3.6%$8.4m856,991+13%added
LPX LOUISIANA PAC CORPIndustrials3.5%$8.2m101,323−46%reduced
PINS PINTEREST INCCommunication Services1.2%$2.8m110,000–new
NN NEXTNAV INCTechnology0.4%$1.0m62,000+3.3%added
MTRX MATRIX SVC CO–0.07%$163k13,9690.0%held
RSSS RESEARCH SOLUTIONS INC–0.05%$113k38,4770.0%held
QRHC QUEST RESOURCE HLDG CORP–0.03%$58.5k31,463+2.2%added

Exited since Q3 2025

1 row
SOC SABLE OFFSHORE CORP2.1%$5.1m

Sector mix

  • Technology39.2%
  • Financial Services31.9%
  • Healthcare13.0%
  • Unclassified11.1%
  • Industrials3.5%
  • Communication Services1.2%

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