1y return−31.5%S&P 500 +20.9%
3y return+7.7%S&P 500 +68.5%
5y return−52.2%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2019: $153 against $232 in the S&P 500.2
Greenhaven Road Investment Management, L.P.S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| HGTYHagerty Inc | $22.2M | 14.4% | −21.3% |
| Cellebrite Di LtdCUSIP M2197Q107 | $18.4M | 11.9% | −17.9% |
| KWYKingsway Finl Svcs Inc | $17.7M | 11.5% | −8.4% |
| LFCRLifecore Biomedical Inc | $16.8M | 10.9% | −9.8% |
| PARPar Technology Corp | $14.2M | 9.2% | |
| Burford Cap LtdCUSIP G17977110 | $12.5M | 8.1% | +42.2% |
| ANABAnaptysbio | $11.5M | 7.5% | New |
| KKRKkr & Co Inc | $10.5M | 6.8% | +7.0% |
| ASTSAst Spacemobile Cl A | $9.5M | 6.2% | −52.4% |
| NNNextnav Inc | $7.8M | 5.1% | +25.8% |
| CODICompass Diversified Hldgs | $7.0M | 4.6% | New |
| ZMZoom Communications Inc | $2.9M | 1.9% | +32.6% |
| APPApplovin Cl A | $2.5M | 1.6% | New |
| PDEXPro-dex Inc | $210K | 0.1% | New |
| MTRXMatrix Svc Co | $177K | 0.1% | −7.3% |
| RSSSResearch Solutions Inc | $89K | 0.1% | |
| QRHCQuest Resource Hldg Corp | $40K | 0.0% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| KKRKkr & Co Inc | June 30, 2020 | +197.2% | $10.5M |
| MTRXMatrix Svc Co | June 30, 2023 | +132.6% | $177K |
| ASTSAst Spacemobile Cl A | June 30, 2025 | +90.2% | $9.5M |
| Cellebrite Di LtdCUSIP M2197Q107 | December 31, 2021 | +82.1% | $18.4M |
| NNNextnav Inc | March 31, 2025 | +46.5% | $7.8M |
| LFCRLifecore Biomedical Inc | March 31, 2023 | +39.1% | $16.8M |
| KWYKingsway Finl Svcs Inc | March 31, 2023 | +18.3% | $17.7M |
| RSSSResearch Solutions Inc | June 30, 2023 | +13.7% | $89K |
| ZMZoom Communications Inc | March 31, 2026 | +7.4% | $2.9M |
| HGTYHagerty Inc | June 30, 2022 | +3.7% | $22.2M |
Sold off last quarter
- Allot LtdCUSIP M0854Q105 was $8.4M
- MRLNMerlin Inc was $796K
- INFLListed Fds Tr was $529K
- PESIPerma-fix Environmental Svcs was $120K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +11.7% | +14.8% |
| March 31, 2026 | −31.4% | −4.6% |
| December 31, 2025 | −0.4% | +2.4% |
| September 30, 2025 | −10.2% | +7.8% |
| June 30, 2025 | +9.6% | +10.5% |
| March 31, 2025 | −11.1% | −4.6% |
| December 31, 2024 | +16.8% | +2.1% |
| September 30, 2024 | +13.7% | +5.4% |
| June 30, 2024 | −2.0% | +4.0% |
| March 31, 2024 | +3.7% | +10.0% |
| December 31, 2023 | +16.5% | +11.2% |
| September 30, 2023 | +2.7% | −3.6% |
| June 30, 2023 | +8.5% | +8.3% |
| March 31, 2023 | +17.5% | +7.0% |
| December 31, 2022 | −4.5% | +7.1% |
| September 30, 2022 | −16.1% | −5.3% |
| June 30, 2022 | −31.3% | −16.5% |
| March 31, 2022 | −25.1% | −4.9% |
| December 31, 2021 | −9.7% | +10.7% |
| September 30, 2021 | −6.4% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Greenhaven Road Investment Management, L.P. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1741129&type=13F-HR&dateb=&owner=include&count=40CIK 1741129
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1741129/000142050626001699/Filed August 14, 2026 · accession 0001420506-26-001699