Goodhaven Capital Management, LLC
GoodHaven Capital Management, LLC is an independent investment adviser founded in 2010 and headquartered in Miami, Florida. The firm is led by Larry Pitkowsky and specializes in value-oriented equity investment strategies for retail and institutional clients. As of March 2024, it employs 5 people, combining deep fundamental research with decades of investment experience to serve a diverse client base.
Investment Strategy
GoodHaven Capital Management pursues a value-oriented, long-term approach to equity investing. The firm emphasizes deep fundamental research to identify a concentrated portfolio of businesses that management believes are mispriced relative to their intrinsic value. Focusing on capital preservation and compounding, GoodHaven seeks to invest in businesses with strong financial characteristics, capable management, and the ability to prosper across market cycles, while maintaining flexibility to hold cash or opportunistically invest across industries and market caps.
Top Holdings
Equity Positions (26)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
B BRK-B | BERKSHIRE HATHAWAY INC DEL | 20.66% | $59.5M | 122,419 | $213.18 | $485.77 | -$5.7M |
J JEF | JEFFERIES FINL GROUP INC | 8.40% | $24.2M | 442,287 | $20.15 | $54.69 | +$618.6K |
G GOOG | ALPHABET INC | 8.18% | $23.5M | 132,640 | $40.17 | $177.39 | -$2.8M |
B BAC | BANK AMERICA CORP | 6.97% | $20.1M | 423,829 | $27.56 | $47.32 | +$658.3K |
B BLDR | BUILDERS FIRSTSOURCE INC | 6.92% | $19.9M | 170,570 | $17.87 | $116.69 | -$1.1M |
Industry Allocation
Investment Team (1)
| Name | Role | Location | |
|---|---|---|---|
K Keith Trauner | Minority Partner at GoodHaven Capital | Miami, FL , United States |