Greenhouse Funds LLLP
BALTIMORE, MD
$1.9bn in 29 US stocks at the end of 30 June 2026. The top 10 are 57.6% of the money. It changed about 26.0% of the portfolio this quarter.
Value
$1.9bn
Stocks
29
Top 10 share
57.6%
Turnover
26.0%
What changed this quarter
New
Bought for the first time this quarter.
- Solaris Energy InfrastructureSEI2.1% of the fund
- HalliburtonHAL2.0% of the fund
- Rivian AutomotiveRIVN1.5% of the fund
- American Eagle OutfittersAEO1.2% of the fund
- Nuscale PowerSMR1.1% of the fund
- EchoStarECHO0.3% of the fund
Added
Bought more of a stock they already held.
- LivaNovaLIVN4.0% of the fund+20%
- NovantaNOVT3.0% of the fund+81%
- Papa Johns InternationalPZZA1.4% of the fund+36%
Cut
Sold some of their stake.
- RBC BearingsRBC6.6% of the fund-16%
- NeogenomicsNEO6.6% of the fund-6%
- Sportradar Group AGSRAD6.5% of the fund-11%
- HealthequityHQY5.6% of the fund-6%
- Norwegian Cruise Line HoldingsNCLH5.3% of the fund-7%
- BILL HoldingsBILL5.1% of the fund-16%
- Hayward HoldingsHAYW5.0% of the fund-14%
- Oceaneering InternationalOII4.0% of the fund-7%
- Spdr Series TrustXBI4.0% of the fund-26%
- Merit Medical SystemsMMSI3.9% of the fund-4%
- Astera LabsALAB3.4% of the fund-62%
- Teledyne TechnologiesTDY3.2% of the fund-23%
- Valmont IndustriesVMI2.9% of the fund-55%
- Madison Square Garden SportsMSGS1.0% of the fund-70%
- GlobalstarGSAT0.2% of the fund-98%
Sold out
Sold their entire stake.
- Mister CAR Wash-100%
- ZoomInfo TechnologiesGTM-100%
- Costar GroupCSGP-100%
- ToastTOST-100%
- FlowserveFLS-100%
Holdings
- Spdr Series TrustXBI
- Share
- 4.0%
- Value
- $77m
- Shares
- 484,437
-26%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| NCR VoyixVYX | 8.6% | $163m | 19,897,615 | Held |
| RBC BearingsRBC | 6.6% | $126m | 195,498 | -16% |
| NeogenomicsNEO | 6.6% | $125m | 8,574,210 | -6% |
| Sportradar Group AGSRAD | 6.5% | $124m | 8,287,494 | -11% |
| HealthequityHQY | 5.6% | $107m | 1,183,024 | -6% |
| Norwegian Cruise Line HoldingsNCLH | 5.3% | $100m | 4,733,164 | -7% |
| BILL HoldingsBILL | 5.1% | $97m | 2,672,670 | -16% |
| Hayward HoldingsHAYW | 5.0% | $95m | 5,507,710 | -14% |
| Cadre HoldingsCDRE | 4.3% | $82m | 2,868,664 | Held |
| Oceaneering InternationalOII | 4.0% | $77m | 1,896,343 | -7% |
| Spdr Series TrustXBI | 4.0% | $77m | 484,437 | -26% |
| LivaNovaLIVN | 4.0% | $76m | 924,128 | +20% |
| Merit Medical SystemsMMSI | 3.9% | $74m | 1,072,098 | -4% |
| Chime FinancialCHYM | 3.7% | $70m | 3,418,402 | Held |
| Astera LabsALAB | 3.4% | $65m | 134,562 | -62% |
| Teledyne TechnologiesTDY | 3.2% | $61m | 91,147 | -23% |
| NovantaNOVT | 3.0% | $58m | 356,787 | +81% |
| Valmont IndustriesVMI | 2.9% | $56m | 96,557 | -55% |
| SweetgreenSG | 2.3% | $45m | 5,066,028 | Held |
| Solaris Energy InfrastructureSEI | 2.1% | $40m | 495,053 | New |
| HalliburtonHAL | 2.0% | $37m | 1,100,287 | New |
| Rivian AutomotiveRIVN | 1.5% | $29m | 1,681,265 | New |
| Papa Johns InternationalPZZA | 1.4% | $27m | 740,311 | +36% |
| American Eagle OutfittersAEO | 1.2% | $23m | 1,313,114 | New |
| Nuscale PowerSMR | 1.1% | $22m | 2,159,213 | New |
| Madison Square Garden SportsMSGS | 1.0% | $19m | 46,902 | -70% |
| ClarusCLAR | 0.9% | $17m | 5,448,431 | Held |
| EchoStarECHO | 0.3% | $6m | 58,450 | New |
| GlobalstarGSAT | 0.2% | $4m | 44,736 | -98% |
Options (3)
- NCR VoyixVYX
- Type
- Call
- Value
- $34m
- Contracts
- 4,219,300
- Norwegian Cruise Line HoldingsNCLH
- Type
- Call
- Value
- $21m
- Contracts
- 1,000,000
- NeogenomicsNEO
- Type
- Call
- Value
- $2m
- Contracts
- 115,800
| Company | Type | Value | Contracts |
|---|---|---|---|
| NCR VoyixVYX | Call | $34m | 4,219,300 |
| Norwegian Cruise Line HoldingsNCLH | Call | $21m | 1,000,000 |
| NeogenomicsNEO | Call | $2m | 115,800 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 20.6% since 30 June 2025.
Where the money is
Technology29.8%
Industrials24.4%
Health care17.8%
Retail & consumer13.7%
Energy6.0%
Financial services3.7%
Media & telecom0.5%
Other4.0%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.