Greenhouse Funds LLLP

Q4 2025 13F-HR Holdings

Location
Baltimore, MD
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
40
Total value ($000)
$2,768,541
Net value change ($000)
+34,832 (1.3%)
New positions
5
Sold out positions
4
Turnover %
12.9%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/13/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
TOST 66,054 NEW
GSAT 57,596 73.6%
FLS 38,355 NEW
NEO 38,189 60.2%
CHYM 35,400 74.6%
CFLT 31,079 43.9%
NOVT 26,900 NEW
XBI 16,097 23.8%
RBC 14,302 15.7%
MSGS 12,910 13.4%
Top Reduces (Value $000, Stocks/ETFs)
EFX -77,879 -100.0%
BLKB -51,635 -100.0%
PHR -49,491 -54.2%
GTLB -40,661 -83.5%
VYX -32,577 -14.8%
SAIA -31,246 -100.0%
GPN -21,051 -100.0%
OLED -13,746 -13.2%
SRAD -12,453 -7.3%
ALAB -10,639 -16.9%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 179,307 (6.5% 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.
Filter:
Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type