Historical Stock Holdings

Greenhaven Associates

PeriodPortfolio ValueTop 20 holdings history (left to right)
2024   Q3$8.53 B LEN
Lennar Corp.
19.98% of portfolio
 		GM
General Motors
12.53% of portfolio
 		C
Citigroup Inc.
12.39% of portfolio
 		CRH
CRH plc
12.13% of portfolio
 		TOL
Toll Brothers
10.04% of portfolio
 		PHM
PulteGroup Inc.
9.41% of portfolio
 		DHI
D.R. Horton
8.21% of portfolio
 		OSK
Oshkosh Corp.
2.98% of portfolio
 		ARW
Arrow Electronics
2.94% of portfolio
 		AVT
Avnet Inc.
2.50% of portfolio
 		LEA
Lear Corp.
2.33% of portfolio
 		MTH
Meritage Homes Corp.
1.79% of portfolio
 		TEX
Terex Corp.
0.93% of portfolio
 		LEN.B
Lennar Corp. CL B
0.74% of portfolio
 		G
Genpact Ltd.
0.57% of portfolio
 		NOV
Nov Inc.
0.38% of portfolio
 		GS
Goldman Sachs Group
0.05% of portfolio
 		A
Agilent Technologies
0.02% of portfolio
 		SCHW
Charles Schwab Corp.
0.02% of portfolio
 		IP
International Paper
0.02% of portfolio
2024   Q2$7.61 B LEN
Lennar Corp.
17.67% of portfolio
 		GM
General Motors
14.20% of portfolio
 		C
Citigroup Inc.
13.87% of portfolio
 		CRH
CRH plc
10.95% of portfolio
 		TOL
Toll Brothers
8.42% of portfolio
 		PHM
PulteGroup Inc.
8.07% of portfolio
 		DHI
D.R. Horton
6.80% of portfolio
 		OSK
Oshkosh Corp.
3.58% of portfolio
 		IP
International Paper
3.06% of portfolio
 		ARW
Arrow Electronics
2.99% of portfolio
 		LEA
Lear Corp.
2.73% of portfolio
 		AVT
Avnet Inc.
2.65% of portfolio
 		MTH
Meritage Homes Corp.
1.64% of portfolio
 		TEX
Terex Corp.
1.08% of portfolio
 		LEN.B
Lennar Corp. CL B
0.88% of portfolio
 		G
Genpact Ltd.
0.52% of portfolio
 		NOV
Nov Inc.
0.45% of portfolio
 		GS
Goldman Sachs Group
0.34% of portfolio
 		A
Agilent Technologies
0.02% of portfolio
 		SCHW
Charles Schwab Corp.
0.02% of portfolio
2024   Q1$10.9 B LEN
Lennar Corp.
14.15% of portfolio
 		GM
General Motors
9.67% of portfolio
 		C
Citigroup Inc.
9.49% of portfolio
 		GS
Goldman Sachs Group
8.83% of portfolio
 		CRH
CRH plc
8.76% of portfolio
 		JPM
JPMorgan Chase & Co.
8.53% of portfolio
 		TOL
Toll Brothers
6.57% of portfolio
 		PHM
PulteGroup Inc.
6.30% of portfolio
 		WRK-OLD
WestRock Co.
5.76% of portfolio
 		DHI
D.R. Horton
5.44% of portfolio
 		IP
International Paper
3.65% of portfolio
 		OSK
Oshkosh Corp.
2.85% of portfolio
 		LEA
Lear Corp.
2.40% of portfolio
 		ARW
Arrow Electronics
2.21% of portfolio
 		AVT
Avnet Inc.
1.76% of portfolio
 		MTH
Meritage Homes Corp.
1.34% of portfolio
 		TEX
Terex Corp.
0.88% of portfolio
 		LEN.B
Lennar Corp. CL B
0.73% of portfolio
 		G
Genpact Ltd.
0.33% of portfolio
 		NOV
Nov Inc.
0.32% of portfolio
2023   Q4$9.38 B LEN
Lennar Corp.
14.37% of portfolio
 		GS
Goldman Sachs Group
9.59% of portfolio
 		C
Citigroup Inc.
8.84% of portfolio
 		GM
General Motors
8.82% of portfolio
 		JPM
JPMorgan Chase & Co.
8.57% of portfolio
 		CRH
CRH plc
8.22% of portfolio
 		PHM
PulteGroup Inc.
6.30% of portfolio
 		TOL
Toll Brothers
6.08% of portfolio
 		WRK-OLD
WestRock Co.
5.94% of portfolio
 		DHI
D.R. Horton
5.75% of portfolio
 		IP
International Paper
3.79% of portfolio
 		OSK
Oshkosh Corp.
2.85% of portfolio
 		LEA
Lear Corp.
2.70% of portfolio
 		ARW
Arrow Electronics
2.38% of portfolio
 		AVT
Avnet Inc.
2.06% of portfolio
 		MTH
Meritage Homes Corp.
1.54% of portfolio
 		TEX
Terex Corp.
0.89% of portfolio
 		LEN.B
Lennar Corp. CL B
0.81% of portfolio
 		NOV
Nov Inc.
0.34% of portfolio
 		G
Genpact Ltd.
0.11% of portfolio
2023   Q3$7.71 B LEN
Lennar Corp.
13.07% of portfolio
 		GS
Goldman Sachs Group
9.79% of portfolio
 		GM
General Motors
9.50% of portfolio
 		JPM
JPMorgan Chase & Co.
8.87% of portfolio
 		CRH
CRH plc
7.83% of portfolio
 		C
Citigroup Inc.
7.02% of portfolio
 		WRK-OLD
WestRock Co.
6.28% of portfolio
 		PHM
PulteGroup Inc.
5.47% of portfolio
 		TOL
Toll Brothers
5.33% of portfolio
 		DHI
D.R. Horton
4.90% of portfolio
 		IP
International Paper
4.51% of portfolio
 		LEA
Lear Corp.
3.11% of portfolio
 		OSK
Oshkosh Corp.
3.04% of portfolio
 		ARW
Arrow Electronics
2.85% of portfolio
 		WHR
Whirlpool Corp.
2.75% of portfolio
 		AVT
Avnet Inc.
2.36% of portfolio
 		MTH
Meritage Homes Corp.
1.29% of portfolio
 		LEN.B
Lennar Corp. CL B
0.75% of portfolio
 		TEX
Terex Corp.
0.54% of portfolio
 		NOV
Nov Inc.
0.42% of portfolio
2023   Q2$7.53 B LEN
Lennar Corp.
15.09% of portfolio
 		GM
General Motors
11.28% of portfolio
 		GS
Goldman Sachs Group
9.75% of portfolio
 		JPM
JPMorgan Chase & Co.
9.28% of portfolio
 		C
Citigroup Inc.
6.71% of portfolio
 		PHM
PulteGroup Inc.
5.97% of portfolio
 		TOL
Toll Brothers
5.81% of portfolio
 		DHI
D.R. Horton
5.81% of portfolio
 		WRK-OLD
WestRock Co.
5.23% of portfolio
 		WHR
Whirlpool Corp.
4.17% of portfolio
 		IP
International Paper
3.85% of portfolio
 		LEA
Lear Corp.
3.45% of portfolio
 		ARW
Arrow Electronics
2.85% of portfolio
 		OSK
Oshkosh Corp.
2.71% of portfolio
 		AVT
Avnet Inc.
2.44% of portfolio
 		CRH
CRH plc
1.55% of portfolio
 		MTH
Meritage Homes Corp.
1.53% of portfolio
 		LEN.B
Lennar Corp. CL B
0.86% of portfolio
 		TEX
Terex Corp.
0.59% of portfolio
 		BAC
Bank of America Corp.
0.47% of portfolio
2023   Q1$6.44 B LEN
Lennar Corp.
14.85% of portfolio
 		GM
General Motors
11.53% of portfolio
 		GS
Goldman Sachs Group
11.29% of portfolio
 		JPM
JPMorgan Chase & Co.
9.58% of portfolio
 		C
Citigroup Inc.
7.34% of portfolio
 		WRK-OLD
WestRock Co.
6.00% of portfolio
 		DHI
D.R. Horton
5.54% of portfolio
 		PHM
PulteGroup Inc.
5.10% of portfolio
 		TOL
Toll Brothers
4.98% of portfolio
 		WHR
Whirlpool Corp.
4.36% of portfolio
 		LEA
Lear Corp.
3.74% of portfolio
 		IP
International Paper
3.56% of portfolio
 		OSK
Oshkosh Corp.
2.53% of portfolio
 		AVT
Avnet Inc.
2.21% of portfolio
 		MTH
Meritage Homes Corp.
1.47% of portfolio
 		CRH
CRH plc
1.36% of portfolio
 		ARW
Arrow Electronics
1.30% of portfolio
 		F
Ford Motor
1.09% of portfolio
 		LEN.B
Lennar Corp. CL B
0.80% of portfolio
 		GIL
Gildan Activewear Inc.
0.56% of portfolio
2022   Q4$5.63 B LEN
Lennar Corp.
14.88% of portfolio
 		GS
Goldman Sachs Group
13.29% of portfolio
 		JPM
JPMorgan Chase & Co.
11.42% of portfolio
 		GM
General Motors
9.15% of portfolio
 		WHR
Whirlpool Corp.
6.80% of portfolio
 		WRK-OLD
WestRock Co.
6.20% of portfolio
 		C
Citigroup Inc.
6.17% of portfolio
 		DHI
D.R. Horton
5.95% of portfolio
 		TOL
Toll Brothers
4.75% of portfolio
 		PHM
PulteGroup Inc.
4.55% of portfolio
 		IP
International Paper
3.74% of portfolio
 		OSK
Oshkosh Corp.
2.72% of portfolio
 		LEA
Lear Corp.
2.28% of portfolio
 		SWK
Stanley Black & Decker Inc.
1.72% of portfolio
 		MTH
Meritage Homes Corp.
1.34% of portfolio
 		CRH
CRH plc
1.28% of portfolio
 		AVT
Avnet Inc.
0.99% of portfolio
 		LEN.B
Lennar Corp. CL B
0.77% of portfolio
 		BAC
Bank of America Corp.
0.74% of portfolio
 		GIL
Gildan Activewear Inc.
0.55% of portfolio
2022   Q3$4.75 B LEN
Lennar Corp.
14.62% of portfolio
 		GS
Goldman Sachs Group
13.62% of portfolio
 		JPM
JPMorgan Chase & Co.
10.60% of portfolio
 		GM
General Motors
10.01% of portfolio
 		WHR
Whirlpool Corp.
8.03% of portfolio
 		WRK-OLD
WestRock Co.
6.46% of portfolio
 		C
Citigroup Inc.
6.33% of portfolio
 		DHI
D.R. Horton
5.36% of portfolio
 		TOL
Toll Brothers
4.74% of portfolio
 		PHM
PulteGroup Inc.
4.19% of portfolio
 		IP
International Paper
3.32% of portfolio
 		OSK
Oshkosh Corp.
2.57% of portfolio
 		LEA
Lear Corp.
2.50% of portfolio
 		SWK
Stanley Black & Decker Inc.
2.10% of portfolio
 		CRH
CRH plc
1.22% of portfolio
 		MTH
Meritage Homes Corp.
1.17% of portfolio
 		AVT
Avnet Inc.
1.02% of portfolio
 		LEN.B
Lennar Corp. CL B
0.71% of portfolio
 		GIL
Gildan Activewear Inc.
0.56% of portfolio
 		PSQ
ProShares Short QQQ
0.32% of portfolio
2022   Q2$4.63 B GS
Goldman Sachs Group
14.21% of portfolio
 		LEN
Lennar Corp.
14.20% of portfolio
 		JPM
JPMorgan Chase & Co.
11.02% of portfolio
 		GM
General Motors
9.94% of portfolio
 		WHR
Whirlpool Corp.
9.47% of portfolio
 		WRK-OLD
WestRock Co.
7.59% of portfolio
 		C
Citigroup Inc.
6.51% of portfolio
 		DHI
D.R. Horton
5.43% of portfolio
 		TOL
Toll Brothers
5.16% of portfolio
 		IP
International Paper
4.51% of portfolio
 		PHM
PulteGroup Inc.
3.63% of portfolio
 		SWK
Stanley Black & Decker Inc.
2.99% of portfolio
 		LEA
Lear Corp.
2.09% of portfolio
 		MTH
Meritage Homes Corp.
1.15% of portfolio
 		LEN.B
Lennar Corp. CL B
0.73% of portfolio
 		CRH
CRH plc
0.57% of portfolio
 		PSQ
ProShares Short QQQ
0.31% of portfolio
 		SH
Proshares Short S&P 500
0.25% of portfolio
 		ALV
Autoliv Inc.
0.08% of portfolio
 		MDC-OLD
M.D.C. Hldgs
0.07% of portfolio
2022   Q1$3.77 B GS
Goldman Sachs Group
18.40% of portfolio
 		GM
General Motors
16.71% of portfolio
 		LEN
Lennar Corp.
16.08% of portfolio
 		WHR
Whirlpool Corp.
12.98% of portfolio
 		WRK-OLD
WestRock Co.
8.95% of portfolio
 		C
Citigroup Inc.
7.61% of portfolio
 		TOL
Toll Brothers
6.50% of portfolio
 		IP
International Paper
6.11% of portfolio
 		JPM
JPMorgan Chase & Co.
2.34% of portfolio
 		DHI
D.R. Horton
1.44% of portfolio
 		LEN.B
Lennar Corp. CL B
0.90% of portfolio
 		SWK
Stanley Black & Decker Inc.
0.69% of portfolio
 		LEA
Lear Corp.
0.57% of portfolio
 		PSQ
ProShares Short QQQ
0.31% of portfolio
 		SH
Proshares Short S&P 500
0.26% of portfolio
 		A
Agilent Technologies
0.04% of portfolio
 		SCHW
Charles Schwab Corp.
0.04% of portfolio
 		MDC-OLD
M.D.C. Hldgs
0.03% of portfolio
 		MS
Morgan Stanley
0.02% of portfolio
 		BRK.B
Berkshire Hathaway CL B
0.01% of portfolio
2021   Q4$3.96 B LEN
Lennar Corp.
21.13% of portfolio
 		GS
Goldman Sachs Group
19.59% of portfolio
 		GM
General Motors
19.49% of portfolio
 		WHR
Whirlpool Corp.
16.82% of portfolio
 		TOL
Toll Brothers
9.51% of portfolio
 		C
Citigroup Inc.
6.91% of portfolio
 		DHI
D.R. Horton
2.02% of portfolio
 		IP
International Paper
2.00% of portfolio
 		LEN.B
Lennar Corp. CL B
1.09% of portfolio
 		LEA
Lear Corp.
0.70% of portfolio
 		PSQ
ProShares Short QQQ
0.28% of portfolio
 		SH
Proshares Short S&P 500
0.24% of portfolio
 		SCHW
Charles Schwab Corp.
0.05% of portfolio
 		A
Agilent Technologies
0.04% of portfolio
 		MDC-OLD
M.D.C. Hldgs
0.04% of portfolio
 		BRK.B
Berkshire Hathaway CL B
0.02% of portfolio
 		JPM
JPMorgan Chase & Co.
0.02% of portfolio
 		MS
Morgan Stanley
0.02% of portfolio
 		RVTY
Revvity Inc.
0.01% of portfolio
 		MMM
3M Co.
0.01% of portfolio
2021   Q3$3 B GS
Goldman Sachs Group
25.40% of portfolio
 		LEN
Lennar Corp.
21.87% of portfolio
 		WHR
Whirlpool Corp.
18.82% of portfolio
 		GM
General Motors
18.26% of portfolio
 		TOL
Toll Brothers
9.59% of portfolio
 		DHI
D.R. Horton
2.13% of portfolio
 		LEN.B
Lennar Corp. CL B
1.17% of portfolio
 		MS
Morgan Stanley
0.87% of portfolio
 		LEA
Lear Corp.
0.79% of portfolio
 		PSQ
ProShares Short QQQ
0.41% of portfolio
 		SH
Proshares Short S&P 500
0.35% of portfolio
 		SCHW
Charles Schwab Corp.
0.10% of portfolio
 		A
Agilent Technologies
0.06% of portfolio
 		CF
CF Industries Holdings Inc.
0.06% of portfolio
 		MDC-OLD
M.D.C. Hldgs
0.04% of portfolio
 		JPM
JPMorgan Chase & Co.
0.03% of portfolio
 		BRK.B
Berkshire Hathaway CL B
0.02% of portfolio
 		UNP
Union Pacific
0.01% of portfolio
 		MMM
3M Co.
0.01% of portfolio
2021   Q2$3.42 B GS
Goldman Sachs Group
29.32% of portfolio
 		LEN
Lennar Corp.
20.39% of portfolio
 		GM
General Motors
18.01% of portfolio
 		WHR
Whirlpool Corp.
17.45% of portfolio
 		TOL
Toll Brothers
8.69% of portfolio
 		DHI
D.R. Horton
2.05% of portfolio
 		LEN.B
Lennar Corp. CL B
1.08% of portfolio
 		LEA
Lear Corp.
0.78% of portfolio
 		MS
Morgan Stanley
0.74% of portfolio
 		PSQ
ProShares Short QQQ
0.36% of portfolio
 		SH
Proshares Short S&P 500
0.31% of portfolio
 		SCHW
Charles Schwab Corp.
0.31% of portfolio
 		BRK.B
Berkshire Hathaway CL B
0.21% of portfolio
 		BG
Bunge Global SA
0.09% of portfolio
 		CF
CF Industries Holdings Inc.
0.07% of portfolio
 		A
Agilent Technologies
0.05% of portfolio
 		MDC-OLD
M.D.C. Hldgs
0.04% of portfolio
 		JPM
JPMorgan Chase & Co.
0.02% of portfolio
 		MMM
3M Co.
0.01% of portfolio
 		UNP
Union Pacific
0.01% of portfolio
2021   Q1$4.43 B GS
Goldman Sachs Group
19.71% of portfolio
 		LEN
Lennar Corp.
16.07% of portfolio
 		WHR
Whirlpool Corp.
13.86% of portfolio
 		GM
General Motors
13.70% of portfolio
 		MS
Morgan Stanley
9.99% of portfolio
 		TOL
Toll Brothers
6.87% of portfolio
 		DE
Deere & Co.
5.04% of portfolio
 		CF
CF Industries Holdings Inc.
2.54% of portfolio
 		DHI
D.R. Horton
2.17% of portfolio
 		LEA
Lear Corp.
2.10% of portfolio
 		SCHW
Charles Schwab Corp.
1.85% of portfolio
 		BRK.B
Berkshire Hathaway CL B
1.72% of portfolio
 		PHM
PulteGroup Inc.
1.20% of portfolio
 		BG
Bunge Global SA
1.11% of portfolio
 		LEN.B
Lennar Corp. CL B
0.85% of portfolio
 		OC
Owens Corning
0.51% of portfolio
 		PSQ
ProShares Short QQQ
0.32% of portfolio
 		SH
Proshares Short S&P 500
0.23% of portfolio
 		ALV
Autoliv Inc.
0.06% of portfolio
 		MDC-OLD
M.D.C. Hldgs
0.05% of portfolio
2020   Q4$5.31 B GS
Goldman Sachs Group
15.22% of portfolio
 		GM
General Motors
14.42% of portfolio
 		MS
Morgan Stanley
12.31% of portfolio
 		LEN
Lennar Corp.
10.83% of portfolio
 		WHR
Whirlpool Corp.
9.46% of portfolio
 		DE
Deere & Co.
7.25% of portfolio
 		C
Citigroup Inc.
5.40% of portfolio
 		TOL
Toll Brothers
4.39% of portfolio
 		DHI
D.R. Horton
4.30% of portfolio
 		F
Ford Motor
3.22% of portfolio
 		CF
CF Industries Holdings Inc.
2.48% of portfolio
 		SCHW
Charles Schwab Corp.
1.74% of portfolio
 		BRK.B
Berkshire Hathaway CL B
1.73% of portfolio
 		PHM
PulteGroup Inc.
1.55% of portfolio
 		LEA
Lear Corp.
1.54% of portfolio
 		BG
Bunge Global SA
1.34% of portfolio
 		ADNT
Adient plc
0.96% of portfolio
 		OC
Owens Corning
0.62% of portfolio
 		LEN.B
Lennar Corp. CL B
0.53% of portfolio
 		PWR
Quanta Services
0.30% of portfolio
2020   Q3$4.55 B LEN
Lennar Corp.
13.62% of portfolio
 		GS
Goldman Sachs Group
13.13% of portfolio
 		GM
General Motors
11.85% of portfolio
 		WHR
Whirlpool Corp.
11.28% of portfolio
 		DE
Deere & Co.
9.83% of portfolio
 		MS
Morgan Stanley
9.78% of portfolio
 		DHI
D.R. Horton
5.83% of portfolio
 		TOL
Toll Brothers
5.66% of portfolio
 		F
Ford Motor
2.80% of portfolio
 		SCHW
Charles Schwab Corp.
2.66% of portfolio
 		CF
CF Industries Holdings Inc.
2.29% of portfolio
 		BRK.B
Berkshire Hathaway CL B
2.09% of portfolio
 		PHM
PulteGroup Inc.
2.08% of portfolio
 		C
Citigroup Inc.
1.99% of portfolio
 		LEA
Lear Corp.
1.23% of portfolio
 		BG
Bunge Global SA
1.09% of portfolio
 		OC
Owens Corning
0.69% of portfolio
 		LEN.B
Lennar Corp. CL B
0.67% of portfolio
 		ADNT
Adient plc
0.63% of portfolio
 		PWR
Quanta Services
0.38% of portfolio
2020   Q2$4.52 B GS
Goldman Sachs Group
12.90% of portfolio
 		LEN
Lennar Corp.
12.90% of portfolio
 		MS
Morgan Stanley
10.15% of portfolio
 		DHI
D.R. Horton
9.78% of portfolio
 		WHR
Whirlpool Corp.
7.97% of portfolio
 		GM
General Motors
7.88% of portfolio
 		DE
Deere & Co.
7.26% of portfolio
 		PHM
PulteGroup Inc.
3.96% of portfolio
 		TOL
Toll Brothers
3.66% of portfolio
 		F
Ford Motor
3.54% of portfolio
 		SCHW
Charles Schwab Corp.
2.74% of portfolio
 		C
Citigroup Inc.
2.54% of portfolio
 		FDX
FedEx Corp.
2.50% of portfolio
 		CF
CF Industries Holdings Inc.
2.15% of portfolio
 		BRK.B
Berkshire Hathaway CL B
1.91% of portfolio
 		MHK
Mohawk Industries
1.61% of portfolio
 		KBH
KB Home
1.23% of portfolio
 		OC
Owens Corning
1.03% of portfolio
 		BG
Bunge Global SA
0.80% of portfolio
 		PWR
Quanta Services
0.72% of portfolio
2020   Q1$2.69 B GS
Goldman Sachs Group
16.73% of portfolio
 		LEN
Lennar Corp.
13.69% of portfolio
 		C
Citigroup Inc.
13.26% of portfolio
 		DHI
D.R. Horton
10.36% of portfolio
 		WHR
Whirlpool Corp.
8.81% of portfolio
 		GM
General Motors
7.81% of portfolio
 		F
Ford Motor
6.15% of portfolio
 		DE
Deere & Co.
5.20% of portfolio
 		MS
Morgan Stanley
3.69% of portfolio
 		TOL
Toll Brothers
3.56% of portfolio
 		PHM
PulteGroup Inc.
2.77% of portfolio
 		AXP
American Express
1.80% of portfolio
 		JPM
JPMorgan Chase & Co.
1.56% of portfolio
 		PWR
Quanta Services
1.00% of portfolio
 		KBH
KB Home
0.80% of portfolio
 		LEN.B
Lennar Corp. CL B
0.62% of portfolio
 		ADNT
Adient plc
0.58% of portfolio
 		MHK
Mohawk Industries
0.56% of portfolio
 		LEVI
Levi Strauss & Co.
0.37% of portfolio
 		OC
Owens Corning
0.28% of portfolio
2019   Q4$4.48 B C
Citigroup Inc.
21.23% of portfolio
 		GS
Goldman Sachs Group
16.88% of portfolio
 		GM
General Motors
16.31% of portfolio
 		LEN
Lennar Corp.
11.32% of portfolio
 		DHI
D.R. Horton
9.55% of portfolio
 		WHR
Whirlpool Corp.
9.08% of portfolio
 		F
Ford Motor
7.09% of portfolio
 		TOL
Toll Brothers
3.28% of portfolio
 		PWR
Quanta Services
1.59% of portfolio
 		PHM
PulteGroup Inc.
1.33% of portfolio
 		ADNT
Adient plc
0.85% of portfolio
 		LEN.B
Lennar Corp. CL B
0.57% of portfolio
 		TPH
TRI Pointe Group
0.42% of portfolio
 		TMHC
Taylor Morrison Home Corp.
0.22% of portfolio
 		FDX
FedEx Corp.
0.12% of portfolio
 		MMM
3M Co.
0.10% of portfolio
 		JPM
JPMorgan Chase & Co.
0.02% of portfolio
 		A
Agilent Technologies
0.02% of portfolio
 		AMTD
AMTD IDEA Group
0.01% of portfolio
 		UNP
Union Pacific
0.01% of portfolio
2019   Q3$4.95 B C
Citigroup Inc.
16.90% of portfolio
 		GM
General Motors
15.28% of portfolio
 		GS
Goldman Sachs Group
14.02% of portfolio
 		LEN
Lennar Corp.
10.55% of portfolio
 		WHR
Whirlpool Corp.
9.02% of portfolio
 		DHI
D.R. Horton
8.90% of portfolio
 		F
Ford Motor
6.42% of portfolio
 		JPM
JPMorgan Chase & Co.
4.94% of portfolio
 		FDX
FedEx Corp.
3.33% of portfolio
 		TOL
Toll Brothers
3.11% of portfolio
 		PHM
PulteGroup Inc.
2.71% of portfolio
 		PWR
Quanta Services
1.88% of portfolio
 		ADNT
Adient plc
0.83% of portfolio
 		TPH
TRI Pointe Group
0.68% of portfolio
 		LEN.B
Lennar Corp. CL B
0.51% of portfolio
 		TMHC
Taylor Morrison Home Corp.
0.46% of portfolio
 		MS
Morgan Stanley
0.24% of portfolio
 		RSP
Invesco S&P 500 Equal Weight
0.13% of portfolio
 		MMM
3M Co.
0.08% of portfolio
 		A
Agilent Technologies
0.02% of portfolio
2019   Q2$5.73 B C
Citigroup Inc.
14.78% of portfolio
 		GM
General Motors
13.61% of portfolio
 		GS
Goldman Sachs Group
12.06% of portfolio
 		JPM
JPMorgan Chase & Co.
9.57% of portfolio
 		LEN
Lennar Corp.
7.88% of portfolio
 		FDX
FedEx Corp.
7.82% of portfolio
 		WHR
Whirlpool Corp.
7.00% of portfolio
 		DHI
D.R. Horton
6.40% of portfolio
 		F
Ford Motor
5.79% of portfolio
 		EADSY
Airbus SE Unsp ADR
3.25% of portfolio
 		PHM
PulteGroup Inc.
3.05% of portfolio
 		TOL
Toll Brothers
2.76% of portfolio
 		PWR
Quanta Services
1.85% of portfolio
 		TPH
TRI Pointe Group
1.00% of portfolio
 		TMHC
Taylor Morrison Home Corp.
1.00% of portfolio
 		ADNT
Adient plc
0.76% of portfolio
 		KKR
KKR & Co. L.P.
0.64% of portfolio
 		LEN.B
Lennar Corp. CL B
0.39% of portfolio
 		RSP
Invesco S&P 500 Equal Weight
0.15% of portfolio
 		MTH
Meritage Homes Corp.
0.09% of portfolio
2019   Q1$5.63 B C
Citigroup Inc.
13.44% of portfolio
 		GM
General Motors
13.40% of portfolio
 		GS
Goldman Sachs Group
11.40% of portfolio
 		JPM
JPMorgan Chase & Co.
8.94% of portfolio
 		FDX
FedEx Corp.
8.86% of portfolio
 		LEN
Lennar Corp.
8.16% of portfolio
 		WHR
Whirlpool Corp.
6.69% of portfolio
 		DHI
D.R. Horton
6.28% of portfolio
 		EADSY
Airbus SE Unsp ADR
5.45% of portfolio
 		F
Ford Motor
5.06% of portfolio
 		PHM
PulteGroup Inc.
3.40% of portfolio
 		TOL
Toll Brothers
2.79% of portfolio
 		PWR
Quanta Services
1.87% of portfolio
 		TPH
TRI Pointe Group
1.09% of portfolio
 		TMHC
Taylor Morrison Home Corp.
0.87% of portfolio
 		ACM
AECOM Technology Corp.
0.85% of portfolio
 		STLA
Stellantis N.V.
0.45% of portfolio
 		ADNT
Adient plc
0.41% of portfolio
 		LEN.B
Lennar Corp. CL B
0.40% of portfolio
 		MMM
3M Co.
0.09% of portfolio