GoodHaven Fund adds Builders FirstSource and Lennar, exits Vistra in first-half portfolio shift
NEW YORK, July 27. GoodHaven Fund entered new positions in Builders FirstSource (BLDR) and Lennar (LEN) and closed its stake in Vistra (VST) during the first half of the year, the fund disclosed. The changes moved the portfolio toward residential construction exposure and away from the power sector.
Key takeaways
- GoodHaven Fund opened new positions in Builders FirstSource (BLDR) and Lennar (LEN) during the first half of the year.
- GoodHaven Fund fully exited its stake in Vistra (VST) during the same six-month period.
- The moves shifted the portfolio toward residential construction and away from the power sector.
- The fund disclosed no position sizes, entry or exit prices, or stated rationale for any of the changes.
- Builders FirstSource supplies structural components and building materials to professional homebuilders, while Lennar is one of the largest U.S. homebuilders by volume.
NEW YORK, July 27. GoodHaven Fund entered new positions in Builders FirstSource (BLDR) and Lennar (LEN) and closed its stake in Vistra (VST) during the first half of the year, the fund disclosed. The changes moved the portfolio toward residential construction exposure and away from the power sector.
New stakes in homebuilding and building materials
Builders FirstSource manufactures and supplies structural components and building materials to professional homebuilders. Lennar is one of the largest U.S. homebuilders by volume. GoodHaven disclosed both as first-half additions. The fund provided no position sizes, entry prices, or stated rationale for either purchase.
Exit from Vistra
Vistra, an integrated power company, was removed fully from GoodHaven's holdings during the same six-month period. No exit price or explanation accompanied the disclosure.