Opportunity comes to the prepared mind.

Charlie Munger

At GoodHaven, we believe successful value investing is owning quality businesses run by exceptional leadership that can be purchased at a price significantly below intrinsic value.
Our Investment Philosophy

As of April 30, 2024, Morningstar rated The GoodHaven Fund against the following numbers of Mid-Cap Value funds over the following time periods: 379 funds in the last three years, 365 funds in the last five years, and 379 funds overall. Past performance is no guarantee of future results. Morningstar rates funds from one to five stars based on how well they’ve performed (after adjusting for risk) in comparison to similar funds.

Recent Perspectives

  • GoodHaven 2.0 Rebounds – May 31, 2024

  • Listen to Larry Pitkowsky share his latest investment ideas, including an in-depth discussion on Jefferies spin-off, Vitesse Energy. – June 11, 2024

  • This Manager Sees a Margin of Safety in Stocks Such as KKR and EXOR

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Performance

Performance as of 06/30/2024
YTD 1 Yr 3 Yr 5 Yr* 10 Yr Annualized Since Inception
GOODX 10.60% 38.15% 17.30% 16.26% 6.34% 8.04%
S&P 500 10.56% 29.88% 11.49% 15.05% 12.96% 13.35%
Learn More: Download Fact Sheet Read Shareholder Letter

Performance data quoted represents past performance which is no guarantee of future results. Investment returns and principal values may fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. All returns assume reinvestment of all dividend and capital gain distributions. Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 1-855-654-6639.

* Larry Pitkowksy was appointed Sole Managing Partner of GoodHaven Capital Management, and Chairman of the Board and Trustee of the GoodHaven Funds Trust as of December 2019.

Recent Communications

  • 2024 Form N-PORT Schedule as of February 29
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  • 2023 Annual Report
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  • 2023 Distribution Details
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GoodHaven has a track record of delivering attractive returns through a repeatable investment process and investing in quality businesses.

Concentrated Portfolio
Focus in the highest conviction ideas with a private equity investment holding period, generally greater than 2-3 years.

Undervalued Businesses
Focus on owning high quality companies that are trading at significant discounts to intrinsic value, with a bias towards businesses with growth tailwinds and competitive advantages.

Fundamental Research
Deep research focus in each portfolio company and the industry with an owner’s mentality approach.

Opportunistic
Opportunistically invest during periods of market dislocation.

Ownership Alignment
Portfolio manager has the majority of his net worth in the GoodHaven Fund and products.

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