Greenhouse Funds LLLP

Q3 2025 13F-HR Holdings

Location
Baltimore, MD
Holdings as of
9/30/2025
Date filed
11/13/2025
Form type
13F-HR
Num holdings
39
Total value ($000)
$2,733,709
Net value change ($000)
+311,591 (12.9%)
New positions
2
Sold out positions
1
Turnover %
5.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/13/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
ADT 44,672 NEW
GSAT 30,508 64.0%
NCLH 27,071 27.6%
BILL 26,587 19.9%
CHYM 21,305 81.5%
GPN 21,051 NEW
XBI 19,661 40.9%
VYX 19,526 9.8%
EFX 17,944 29.9%
MMSI 17,612 32.0%
Top Reduces (Value $000, Stocks/ETFs)
FLR -68,545 -100.0%
SRAD -53,997 -24.1%
CHEF -40,727 -74.0%
SAIA -10,226 -24.7%
GTLB -8,319 -14.6%
CFLT -6,492 -8.4%
PHR -3,320 -3.5%
MCW -2,784 -3.0%
SG -626 -1.9%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 159,696 (5.8% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type