Greenhouse Funds LLLP

Registered adviser

CIK

1626220

Location

BALTIMORE, MD

Portfolio Value

Mid $1,956,754,964

Diversification

Diversified

Filing Date

Global Rank

#1,624 / 8,821 ▼ 253

Top Industry

Software - Application 15.5%

Period ended 4 months ago

Filed Aug 14, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 169840

Roster of Oct 1, 2026

Regulatory AUM

$2,927,223,000

Main clients

Pooled investment vehicles (89% of AUM)

Private funds

4 funds · Hedge funds

Focus by fund count, roster of Oct 1, 2026

$2,373,314,000 gross assets

LEI

549300KQ1CBCMY65QI91

Private funds on Schedule D 7.B.(1)

As filed Mar 27, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$1,433,492,000 gross assets in 3 funds Hedge funds $1,433,492,000 (3)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$2,927,223,000	Pooled investment vehicles (89%)
Apr 2025 to Mar 2026	$2,719,130,000	Pooled investment vehicles (88%)
Apr 2024 to Mar 2025	$1,939,736,000	Pooled investment vehicles (86%)
May 2023 to Mar 2024	$1,541,200,000	Pooled investment vehicles (89%)
Apr 2023	$1,541,200,000	Pooled investment vehicles (89%)
Mar 2022 to Mar 2023	$1,253,900,000	Pooled investment vehicles (84%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 57.6%, 21.2 effective positions, active share 98.5% against the S&P MidCap 400 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

40.7% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 10.2 quarters, but 0.9% of the book was already held when coverage starts

Closest benchmark: the S&P MidCap 400 as of 2026-06-30, active share 98.5%; sector active share 35.8% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

29 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

10.1%

+3.1 pts

Top 5

35.5%

+3.5 pts

Top 10

58.9%

+4.8 pts

HHI

491

Diversified+61

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	34.3%	$671,418,792	7
Healthcare	19.6%	$383,968,292	4
Industrials	19.4%	$380,464,740	5
Consumer Cyclical	13.4%	$261,798,097	6
Energy	7.9%	$154,026,525	3
Unclassified	3.9%	$76,662,155	1
Communication Services	1.5%	$28,416,363	3

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

6 positions

Ticker	Company	Δ Shares	Shares	Value
PZZA	Papa Johns International Inc	+194,295	740,311	$27,221,235
VYX	NCR Voyix Corp	+185,201	19,897,615	$162,563,514
NOVT	Novanta Inc	+160,159	356,787	$57,885,122
LIVN	LivaNova PLC	+155,833	924,128	$75,991,045
SG	Sweetgreen, Inc.	+16,793	5,066,028	$44,631,706
CDRE	Cadre Holdings, Inc.	+286	2,868,664	$81,785,610
No positions match the current search.

Trimmed

Positions the filer reduced

16 positions

Ticker	Company	Δ Shares	Shares	Value
GSAT	Globalstar, Inc.	−2,156,232	44,736	$3,636,589
SRAD	Sportradar Group AG	−1,076,370	8,287,494	$124,063,785
HAYW	Hayward Holdings, Inc.	−911,254	5,507,710	$95,338,460
NEO	Neogenomics Inc	−525,893	8,574,210	$125,097,723
BILL	BILL Holdings, Inc.	−517,935	2,672,670	$96,643,747
NCLH	Norwegian Cruise Line Holdings Ltd.	−380,816	4,733,164	$99,917,092
ALAB	Astera Labs, Inc.	−220,710	134,562	$64,996,137
XBI	State Street(R) SPDR(R) S&P(R) Biotech ETF	−166,512	484,437	$76,662,155
OII	Oceaneering International Inc	−136,146	1,896,343	$76,839,818
VMI	Valmont Industries Inc	−116,491	96,557	$55,771,323
MSGS	Madison Square Garden Sports Corp.	−107,249	46,902	$18,847,099
HQY	Healthequity, Inc.	−74,830	1,183,024	$106,850,727
MMSI	Merit Medical Systems Inc	−50,349	1,072,098	$74,339,275
RBC	RBC Bearings INC	−38,609	195,498	$125,912,441
TDY	Teledyne Technologies Inc	−26,636	91,147	$60,785,934
CHYM	Chime Financial, Inc.	−3,353	3,418,402	$70,008,872
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
SEI	Solaris Energy Infrastructure, Inc.	495,053	$39,831,964
HAL	Halliburton Co	1,100,287	$37,354,743
RIVN	Rivian Automotive, Inc.	1,681,265	$29,169,947
AEO	American Eagle Outfitters Inc	1,313,114	$22,585,560
SMR	NUSCALE POWER Corp	2,159,213	$21,656,906
ECHO	EchoStar CORP	58,450	$5,932,675
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
—		13,342,649	$92,998,264
GTM	ZoomInfo Technologies Inc.	11,463,138	$68,549,565
CSGP	Costar Group, Inc.	1,377,305	$55,560,483
TOST	Toast, Inc.	1,972,912	$52,301,897
FLS	Flowserve Corp	658,469	$48,404,056
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

29 tracked positions · $1,956,754,964 total · filing declares 32 positions · $1,956,754,977 · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Energy Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
VYX	NCR Voyix Corp CALL + SHARES Technology	Added	24,116,915	+1,685,201	$197,035,195	+38.8%	9	$11.65	10.07%
NEO	Neogenomics Inc CALL + SHARES Healthcare	Reduced	8,690,010	-525,893	$126,787,245	+85.4%	18	$11.00	6.48%
RBC	RBC Bearings INC Industrials	Reduced	195,498	-38,609	$125,912,441	−1.0%	9	$310.32	6.43%
SRAD	Sportradar Group AG Technology	Reduced	8,287,494	-1,076,370	$124,063,785	−20.9%	15	$13.46	6.34%
NCLH	Norwegian Cruise Line Holdings Ltd. CALL + SHARES Consumer Cyclical	Reduced	5,733,164	-1,880,816	$121,027,092	−15.0%	9	$19.16	6.19%
HQY	Healthequity, Inc. Healthcare	Reduced	1,183,024	-74,830	$106,850,727	+1.6%	10	$84.14	5.46%
BILL	BILL Holdings, Inc. Technology	Reduced	2,672,670	-517,935	$96,643,747	−20.9%	10	$58.82	4.94%
HAYW	Hayward Holdings, Inc. Industrials	Reduced	5,507,710	-911,254	$95,338,460	+11.0%	12	$13.96	4.87%
CDRE	Cadre Holdings, Inc. Industrials	Added	2,868,664	+286	$81,785,610	−7.1%	19	$25.27	4.18%
OII	Oceaneering International Inc Energy	Reduced	1,896,343	-136,146	$76,839,818	+6.6%	17	$17.35	3.93%
XBI	State Street(R) SPDR(R) S&P(R) Biotech ETF	Reduced	484,437	-166,512	$76,662,155	−7.8%	6	$85.50	3.92%
LIVN	LivaNova PLC Healthcare	Added	924,128	+155,833	$75,991,045	+55.6%	3	$64.59	3.88%
MMSI	Merit Medical Systems Inc Healthcare	Reduced	1,072,098	-50,349	$74,339,275	−3.9%	14	$81.58	3.80%
CHYM	Chime Financial, Inc. Technology	Reduced	3,418,402	-3,353	$70,008,872	+9.2%	5	unpriced	3.58%
ALAB	Astera Labs, Inc. Technology	Reduced	134,562	-220,710	$64,996,137	+66.9%	9	$78.76	3.32%
TDY	Teledyne Technologies Inc Technology	Reduced	91,147	-26,636	$60,785,934	−14.7%	6	$498.38	3.11%
NOVT	Novanta Inc Technology	Added	356,787	+160,159	$57,885,122	+149.2%	3	$127.68	2.96%
VMI	Valmont Industries Inc Industrials	Reduced	96,557	-116,491	$55,771,323	−34.5%	23	$253.56	2.85%
SG	Sweetgreen, Inc. Consumer Cyclical	Added	5,066,028	+16,793	$44,631,706	+70.3%	5	$11.59	2.28%
SEI	Solaris Energy Infrastructure, Inc. Energy	NEW	495,053	NEW	$39,831,964	NEW	1	$71.46	2.04%
HAL	Halliburton Co Energy	NEW	1,100,287	NEW	$37,354,743	NEW	1	$39.07	1.91%
RIVN	Rivian Automotive, Inc. Consumer Cyclical	NEW	1,681,265	NEW	$29,169,947	NEW	1	$15.60	1.49%
PZZA	Papa Johns International Inc Consumer Cyclical	Added	740,311	+194,295	$27,221,235	+53.8%	2	$34.66	1.39%
AEO	American Eagle Outfitters Inc Consumer Cyclical	NEW	1,313,114	NEW	$22,585,560	NEW	1	$17.32	1.15%
SMR	NUSCALE POWER Corp Industrials	NEW	2,159,213	NEW	$21,656,906	NEW	1	$11.28	1.11%
MSGS	Madison Square Garden Sports Corp. Communication Services	Reduced	46,902	-107,249	$18,847,099	−62.0%	19	unpriced	0.96%
CLAR	Clarus Corp Consumer Cyclical	Held	5,448,431	0	$17,162,557	+15.8%	26+	before history	0.88%
ECHO	EchoStar CORP Communication Services	NEW	58,450	NEW	$5,932,675	NEW	1	$122.23	0.30%
GSAT	Globalstar, Inc. Communication Services	Reduced	44,736	-2,156,232	$3,636,589	−97.5%	12	unpriced	0.19%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.