Greenhouse Funds LLLP

CIK

1626220

Location

BALTIMORE, MD

Portfolio Value

Mid $2,150,967,545

Diversification

Diversified

Filing Date

Global Rank

#1,145 / 8,603 ▼ 98 · as of Mar 2026

Top Industry

Software - Application 19.1%

3Y Alpha vs SPY

-12.2%

Period ended 3 months ago

Filed May 15, 2026 · 55d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+23.9%

SPY

+76.5%

Annualised alpha

-13.5%

Max drawdown

−26.9%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

29 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

7.3%

−0.0 pts

Top 5

33.2%

+1.3 pts

Top 10

56.2%

+3.1 pts

HHI

449

Diversified+23

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	34.4%	$739,306,372	9
Industrials	23.0%	$494,470,594	7
Healthcare	13.9%	$299,703,959	4
Consumer Cyclical	13.7%	$294,101,328	5
Communication Services	9.1%	$195,732,425	2
Energy	3.4%	$72,092,384	1
Real Estate	2.6%	$55,560,483	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

17 positions

Ticker	Company	Δ Shares	Shares	Value
VYX	NCR Voyix Corp	+4,080,727	22,431,714	$141,992,749
NCLH	Norwegian Cruise Line Holdings Ltd.	+2,315,331	7,613,980	$142,381,426
SRAD	Sportradar Group AG	+1,992,310	9,363,864	$156,751,083
SG	Sweetgreen, Inc.	+1,498,671	5,049,235	$26,205,529
GTM	ZoomInfo Technologies Inc.	+831,041	11,463,138	$68,549,565
LIVN	LivaNova PLC	+647,954	768,295	$48,832,830
NEO	Neogenomics Inc	+572,057	9,215,903	$68,382,000
HAYW	Hayward Holdings, Inc.	+466,963	6,418,964	$85,885,738
MMSI	Merit Medical Systems Inc	+255,220	1,122,447	$77,370,271
HQY	Healthequity, Inc.	+178,150	1,257,854	$105,118,858
CHYM	Chime Financial, Inc.	+129,804	3,421,755	$64,089,471
TOST	Toast, Inc.	+112,769	1,972,912	$52,301,897
FLS	Flowserve Corp	+105,639	658,469	$48,404,056
CDRE	Cadre Holdings, Inc.	+76,343	2,868,378	$88,001,837
ALAB	Astera Labs, Inc.	+40,855	355,272	$38,937,811
GPN	Global Payments Inc	+25,000	675,000	$45,427,500
VMI	Valmont Industries Inc	+8,924	213,048	$85,127,589
No positions match the current search.

Trimmed

Positions the filer reduced

9 positions

Ticker	Company	Δ Shares	Shares	Value
ADT	ADT Inc.	−4,937,898	2,203,300	$14,475,681
MCW	Mister Car Wash, Inc.	−3,207,064	13,342,649	$92,998,263
OII	Oceaneering International Inc	−435,771	2,032,489	$72,092,384
MSGS	Madison Square Garden Sports Corp.	−267,940	154,151	$49,544,131
BILL	BILL Holdings, Inc.	−243,321	3,190,605	$122,200,171
GSAT	Globalstar, Inc.	−223,877	2,200,968	$146,188,294
TDY	Teledyne Technologies Inc	−31,683	117,783	$71,259,892
NOVT	Novanta Inc	−29,443	196,628	$23,223,733
RBC	RBC Bearings INC	−1,080	234,107	$127,148,193
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
CSGP	Costar Group, Inc.	1,377,305	$55,560,483
PZZA	Papa Johns International Inc	546,016	$17,696,378
No positions match the current search.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
OLED	Universal Display Corp \Pa\	774,330	$90,426,257
PHR	Phreesia, Inc.	2,471,960	$41,825,563
FLR	Fluor Corp	750,000	$29,722,500
CHEF	Chefs' Warehouse, Inc.	236,270	$14,726,709
UNF	Unifirst Corp	63,894	$12,325,152
GTLB	Gitlab Inc.	214,529	$8,051,273
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

29 positions · $2,150,967,545 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Energy Healthcare Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SRAD	Sportradar Group AG Technology	Added	9,363,864	+1,992,310	$156,751,083	−10.5%	7.29%
GSAT	Globalstar, Inc. Communication Services	Reduced	2,200,968	-223,877	$146,188,294	−1.2%	6.80%
NCLH	Norwegian Cruise Line Holdings Ltd. Consumer Cyclical	Added	7,613,980	+2,315,331	$142,381,426	+20.4%	6.62%
VYX	NCR Voyix Corp Technology	Added	22,431,714	+4,080,727	$141,992,749	−24.1%	6.60%
RBC	RBC Bearings INC Industrials	Reduced	234,107	-1,080	$127,148,193	+20.6%	5.91%
BILL	BILL Holdings, Inc. Technology	Reduced	3,190,605	-243,321	$122,200,171	−34.8%	5.68%
HQY	Healthequity, Inc. Healthcare	Added	1,257,854	+178,150	$105,118,858	+6.3%	4.89%
MCW	Mister Car Wash, Inc. Consumer Cyclical	Reduced	13,342,649	-3,207,064	$92,998,263	+1.1%	4.32%
CDRE	Cadre Holdings, Inc. Industrials	Added	2,868,378	+76,343	$88,001,837	−22.8%	4.09%
HAYW	Hayward Holdings, Inc. Industrials	Added	6,418,964	+466,963	$85,885,738	−6.6%	3.99%
VMI	Valmont Industries Inc Industrials	Added	213,048	+8,924	$85,127,589	+3.7%	3.96%
MMSI	Merit Medical Systems Inc Healthcare	Added	1,122,447	+255,220	$77,370,271	+1.2%	3.60%
OII	Oceaneering International Inc Energy	Reduced	2,032,489	-435,771	$72,092,384	+21.5%	3.35%
TDY	Teledyne Technologies Inc Technology	Reduced	117,783	-31,683	$71,259,892	−6.7%	3.31%
GTM	ZoomInfo Technologies Inc. Technology	Added	11,463,138	+831,041	$68,549,565	−36.6%	3.19%
NEO	Neogenomics Inc Healthcare	Added	9,215,903	+572,057	$68,382,000	−32.7%	3.18%
CHYM	Chime Financial, Inc. Technology	Added	3,421,755	+129,804	$64,089,471	−22.7%	2.98%
CSGP	Costar Group, Inc. Real Estate	NEW	1,377,305	NEW	$55,560,483	NEW	2.58%
TOST	Toast, Inc. Technology	Added	1,972,912	+112,769	$52,301,897	−20.8%	2.43%
MSGS	Madison Square Garden Sports Corp. Communication Services	Reduced	154,151	-267,940	$49,544,131	−54.6%	2.30%
LIVN	LivaNova PLC Healthcare	Added	768,295	+647,954	$48,832,830	+559.5%	2.27%
FLS	Flowserve Corp Industrials	Added	658,469	+105,639	$48,404,056	+26.2%	2.25%
GPN	Global Payments Inc Industrials	Added	675,000	+25,000	$45,427,500	−9.7%	2.11%
ALAB	Astera Labs, Inc. Technology	Added	355,272	+40,855	$38,937,811	−25.6%	1.81%
SG	Sweetgreen, Inc. Consumer Cyclical	Added	5,049,235	+1,498,671	$26,205,529	+9.2%	1.22%
NOVT	Novanta Inc Technology	Reduced	196,628	-29,443	$23,223,733	−13.7%	1.08%
PZZA	Papa Johns International Inc Consumer Cyclical	NEW	546,016	NEW	$17,696,378	NEW	0.82%
CLAR	Clarus Corp Consumer Cyclical	Held	5,448,431	0	$14,819,732	−18.8%	0.69%
ADT	ADT Inc. Industrials	Reduced	2,203,300	-4,937,898	$14,475,681	−74.9%	0.67%