GoodHaven Capital Management

[GoodHaven Capital Management @GoodHavenCap]

Where are opportunities emerging in today's market? @larrypitkowsky recently joined Carol Massar and Tim Stenovec on Bloomberg Radio's Drive to the Close to discuss the current market environment and GoodHaven's perspectives on holdings including Arrow Electronics, Alphabet, and Devon Energy.

▶ Watch the interview here: https://t.co/eRSqnJ6Jz1

Click https://t.co/JqJCPpsmri for a Statutory Prospectus.

Holdings are subject to change and are not a recommendation to buy or sell. Click https://t.co/hU2duqvsuu for the top 10 holdings.

Mutual fund investing involves risk. Principal loss is possible.

Quasar Distributors, LLC, distributor.

© 2026 Bloomberg L.P. All rights reserved. Used with permission.

[GoodHaven Capital Management @GoodHavenCap]

We first shared our thoughts on Lennar Corporation (and the broader housing industry) in February, and our conviction remains the same today. We believe Lennar has built a stronger, more capital-efficient business with the potential to generate attractive long-term returns on capital. Watch Larry Pitkowsky explain why we continue to find the company compelling:
▶ https://t.co/aMboQdCFlx

Views are as of the date of publication, subject to change, and do not constitute investment advice. References to specific securities are for illustrative purposes only and do not constitute investment recommendations or offers to buy or sell any security.

[GoodHaven Capital Management @GoodHavenCap]

In today’s volatile market, we remain focused on businesses that can compound value over time. TerraVest Industries is one such example. @larrypitkowsky shares why we view it as a “compounding machine”:

▶https://t.co/Hiq3hsjZqr

Views are as of the date of publication, subject to change, and do not constitute investment advice. References to specific securities are for illustrative purposes only and do not constitute investment recommendations or offers to buy or sell any security.

[GoodHaven Capital Management @GoodHavenCap]

Andrew Bary recently wrote a thoughtful piece in Barron’s highlighting the housing sector and Lennar Corporation. As long-time investors in the company, we appreciated the opportunity to contribute perspective to the article.

Read here:
https://t.co/VLcpyhQhhz
Views are as of the date of publication, subject to change, and do not constitute investment advice.

[GoodHaven Capital Management @GoodHavenCap]

Investing in companies that we believe are well positioned to navigate periods of market volatility and create long-term value has been a core element of GoodHaven’s investment approach. Given the current market environment, we believe @larrypitkowsky's recent interview discussing our long-standing investment in Brookfield Corporation is particularly timely.

▶ Watch here: https://t.co/TF5vc7earx

Click https://t.co/rMQbvUXqGb for a Summary Prospectus.

Mutual fund investing involves risk. Principal loss is possible.

Quasar Distributors, LLC, distributor.

[GoodHaven Capital Management @GoodHavenCap]

Watch @larrypitkowsky discuss Brookfield Corporation with @AlgyHall on Citywire’s Elite Equity Edge Show, sharing why we believe the company is well positioned for continued long-term growth in today’s complex global environment.

▶ Watch here: https://t.co/ubrjTRnuyo

Click https://t.co/rMQbvUXqGb for a Summary Prospectus.

Mutual fund investing involves risk. Principal loss is possible.
Quasar Distributors, LLC, distributor.

[GoodHaven Capital Management @GoodHavenCap]

Watch @larrypitkowsky discuss Lennar Corporation with @AlgyHall on Citywire’s Elite Equity Edge Show, including why we think Lennar’s evolution positions them well for the future - and may still be underappreciated by investors.

▶ Watch here: https://t.co/ubrjTRnuyo

Click https://t.co/rMQbvUXqGb for a Summary Prospectus.

Mutual fund investing involves risk. Principal loss is possible.
Quasar Distributors, LLC, distributor.

[GoodHaven Capital Management @GoodHavenCap]

TerraVest Industries stands out for its disciplined approach to capital allocation—one of the key themes @larrypitkowsky discusses with @AlgyHall on @Citywire Elite Equity Edge Show.

▶ Watch here: https://t.co/ubrjTRnuyo

Click https://t.co/rMQbvUXqGb for a Summary Prospectus.
Mutual fund investing involves risk. Principal loss is possible.
Quasar Distributors, LLC, distributor.

[GoodHaven Capital Management @GoodHavenCap]

We’re pleased to announce that The GoodHaven Fund’s latest traditional Shareholder Letter is now available. Click https://t.co/PY6KciH8ku to stay updated with the latest insights, information and perspectives from Larry Pitkowsky.

Click https://t.co/rMQbvUXYvJ for a Summary Prospectus.
Mutual fund investing involves risk. Principal loss is possible.
Quasar Distributors, LLC, distributor.

[GoodHaven Capital Management @GoodHavenCap]

In case you missed it.......@larrypitkowsky recently joined Carol Massar and Tim Stenovic on @Bloomberg Radio’s Drive to the Close to share his perspective on the housing market and why he thinks Lennar Corporation is well positioned for the long term. He also offers thoughts on Berkshire Hathaway’s succession plans. Watch here: https://t.co/egslM9Jswk

© 2026 Bloomberg L.P. All rights reserved. Used with permission.

Mutual fund investing involves risk. Principal loss is possible.
Quasar Distributors, LLC, distributor.

[GoodHaven Capital Management @GoodHavenCap]

@larrypitkowsky recently joined @carolmassar and @timsteno on Bloomberg Radio’s Drive to the Close to share his perspective on the housing market and why he thinks Lennar Corporation is well positioned for the long term. He also offers thoughts on Berkshire Hathaway’s succession plans. Watch here: https://t.co/egslM9Jswk

© 2025 Bloomberg L.P. All rights reserved. Used with permission.

Mutual fund investing involves risk. Principal loss is possible.
Quasar Distributors, LLC, distributor.

[GoodHaven Capital Management @GoodHavenCap]

The increased 2025 gift tax exclusion highlights a timely planning opportunity for families considering UGMA/UTMA accounts. The GoodHaven Fund (GOODX) applies a disciplined, long-term value strategy that aligns well with intergenerational investment goals. Learn more at https://t.co/WBHs4ppVsW.

GoodHaven does not offer tax or financial planning advice. We encourage investors to consult their own professional advisors regarding individual circumstances.

Mutual fund investing involves risk. Principal loss is possible.
Quasar Distributors, LLC, distributor.

[GoodHaven Capital Management @GoodHavenCap]

A big thank you to Algy Hall and Citywire for featuring GoodHaven Capital and our Managing Partner, Larry Pitkowsky, in “World’s best managers bet on Buffett’s Berkshire legacy.” We’re honored to be included in this article and appreciate the opportunity to share more about our approach at GoodHaven. 👉 Read Here: https://t.co/ubrjTRo2nW

Mutual fund investing involves risk. Principal loss is possible.
Quasar Distributors, LLC, distributor.

[GoodHaven Capital Management @GoodHavenCap]

We’re pleased to announce that The GoodHaven Fund’s traditional Shareholder Letter is now available. Click https://t.co/dAwWoqQjqj to stay updated with the latest insights, information and perspectives from Larry Pitkowsky.

Click https://t.co/rMQbvUXqGb for a Summary Prospectus.

Mutual fund investing involves risk. Principal loss is possible.

Quasar Distributors, LLC, distributor.

[GoodHaven Capital Management @GoodHavenCap]

How do you find value before it’s widely recognized? How do you turn around a firm? Larry Pitkowsky and Artie Kwok of GoodHaven Capital sat down with John Heins of Value Investor Insight to discuss their investment approach, how they’re positioning the portfolio today, and why they see opportunity in Vitesse Energy, Lennar, KKR & Co., and TerraVest.

🔎 Read the full interview: https://t.co/ubrjTRnuyo

Mutual fund investing involves risk. Principal loss is possible.

Click https://t.co/b4g92faLQs for a Statutory Prospectus.

Fund holdings are subject to change. Click https://t.co/hU2duqvsuu for Top 10 holdings.

Click https://t.co/lQsQtDKjgD for Standardized Performance.

Quasar Distributors, LLC, distributor.

[GoodHaven Capital Management @GoodHavenCap]

Larry Pitkowsky recently joined Carol Massar and Tim Stenovec on Bloomberg Radio to delve into how to stay disciplined through market volatility—and why he's bullish on Vitesse Energy as a value opportunity. Click here to watch: https://t.co/TrsEgtUZCz
© 2025 Bloomberg L.P. All rights reserved. Used with permission.

[GoodHaven Capital Management @GoodHavenCap]

We were excited to see our Managing Partner, @larrypitkowsky , participate in the Robotti Value Live panel this week—an energizing start to the Markel Group gathering. Thank you to the Robotti team for hosting and to moderator John Heins for leading a thoughtful discussion on long-term value investing.

[GoodHaven Capital Management @GoodHavenCap]

Have you read The GoodHaven Fund’s 2024 Annual Letter to Shareholders? It highlights our strong performance and long-term focus amid market fluctuations. Read it here: https://t.co/pAEHYT2mvy

Click https://t.co/lQsQtDKjgD for most recent standardized performance.
Click https://t.co/HFAPlzibK7 for a Statutory Prospectus
Mutual fund investing involves risk. Principal loss is possible.
Quasar Distributors, LLC, distributor.

[GoodHaven Capital Management @GoodHavenCap]

Thank you to David Snowball and @mfobserver for recognizing GoodHaven Fund as a fund to consider for value-focused investors. We’re proud of our recent accomplishments and grateful for the recognition as GoodHaven 2.0 continues to unfold!

https://t.co/SjzbjO7IO4

Click here for standardized performance:
https://t.co/lQsQtDKR6b. Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. 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-OK-GOODX (1-855-654-6639).

Click here for statutory prospectus: https://t.co/HFAPlziJzF
Mutual fund investing involves risk. Principal loss is possible.

The GoodHaven Funds are distributed by Quasar Distributors, LLC

The Martin Ratio or Ulcer Performance Index was authored by Peter G. Martin. The higher the Martin Ratio the better the instrument’s performance. The main ingredients are current price and a prior price which are adjusted with the user defined safe return. An average and the Ulcer Index are taken; and the Martin Ratio is their quotient.

https://t.co/SjzbjO7IO4

[GoodHaven Capital Management @GoodHavenCap]

Evaluating a money manager goes beyond performance—it’s about philosophy, risk management, and how they navigate changing markets. At GoodHaven, we believe strong insights hold up over time. That’s why we’re (re)sharing @larrypitkowsky's 2022 conversation with @thedougalas on Advisorpedia’s podcast. 🎧 Listen here: https://t.co/uT4q4hEwTm .