Greenhaven Road Investment Management, L.P.

Key Holdings

The portfolio is characterized by a few massive, concentrated bets on specific companies. The largest position is Cellebrite Di Ltd ($30.63M), which accounts for 28.23% of the portfolio. This was a focus area during the quarter, as the firm increased its stake by 8.9%. The second largest holding is KKR & Co Inc. ($28.55M, 26.31%), a major alternative asset manager. Despite being a top position, KKR saw a reduction of 6.4% during the quarter.

Burford Capital Ltd ($19.17M, 17.67%) and AST SpaceMobile Inc ($16.15M, 14.89%) round out the top four. Notably, AST SpaceMobile was aggressively accumulated, with the stake increasing by 22.8%. Allot Ltd ($8.04M, 7.41%) also saw significant buying activity with a 21.3% increase. The remainder of the portfolio consists of smaller positions in Sable Offshore Corp ($5.05M), NextNav Inc ($858K), and a negligible position in Quest Resource Holding Corp ($48K).