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Greenhouse Funds LLLP

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13F filer, CIK 1626220, BALTIMORE, MD

Greenhouse Funds LLLP reported $2,733,709,479 across 39 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-13. Its ten largest share positions make up 49.91% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001626220-25-000007

Period
2025-09-30
Reported value
$2.73B
Holdings
39
Top 10 weight
49.91%
New
6
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ADTnew+5,128,811$44.7M
CHYMadded+1,595,078$32.2M
MMSIadded+284,015$23.6M
GPNnew+253,385$21.1M
EFXadded+72,506$18.6M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
FLRexited-1,336,949-$68.5M
SRADreduced-1,657,648-$44.6M
ALABreduced-213,060-$41.7M
CHEFreduced-617,165-$36M
SAIAreduced-46,989-$14.1M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001626220-25-000007, largest first. % of portfolio is the value over $2,574,013,029, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
VYXNCR VOYIX CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,545,822 shares; 2024Q4: 8,332,854 shares; 2025Q1: 12,531,290 shares; 2025Q2: 17,069,979 shares; 2025Q3: 17,510,516 shares 17,510,516$220M8.54%+440,537Timeline
SRADSPORTRADAR GROUP AGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,660,011 shares; 2024Q4: 9,853,973 shares; 2025Q1: 7,842,378 shares; 2025Q2: 7,971,654 shares; 2025Q3: 6,314,006 shares 6,314,006$170M6.6%-1,657,648Timeline
BILLBILL HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,385,615 shares; 2024Q4: 1,396,617 shares; 2025Q1: 2,348,766 shares; 2025Q2: 2,889,979 shares; 2025Q3: 3,025,811 shares 3,025,811$160M6.23%+135,832Timeline
NCLHNORWEGIAN CRUISE LINE HLDGSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,693,558 shares; 2024Q4: 3,356,290 shares; 2025Q1: 4,100,848 shares; 2025Q2: 4,829,045 shares; 2025Q3: 5,075,270 shares 5,075,270$125M4.86%+246,225Timeline
GTMZOOMINFO TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,996,632 shares; 2024Q4: 7,295,163 shares; 2025Q1: 7,980,331 shares; 2025Q2: 9,692,470 shares; 2025Q3: 10,524,798 shares 10,524,798$115M4.46%+832,328Timeline
OLEDUNIVERSAL DISPLAY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 524,828 shares; 2024Q4: 583,603 shares; 2025Q1: 563,121 shares; 2025Q2: 644,146 shares; 2025Q3: 725,278 shares 725,278$104M4.05%+81,132Timeline
CDRECADRE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,704,790 shares; 2024Q4: 2,616,728 shares; 2025Q1: 2,529,967 shares; 2025Q2: 2,743,265 shares; 2025Q3: 2,789,410 shares 2,789,410$102M3.96%+46,145Timeline
HQYHEALTHEQUITY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 792,469 shares; 2024Q4: 884,404 shares; 2025Q1: 765,185 shares; 2025Q2: 911,815 shares; 2025Q3: 1,068,921 shares 1,068,921$101M3.94%+157,106Timeline
MSGSMADISON SQUARE GRDN SPRT CORQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 412,686 shares; 2024Q4: 394,620 shares; 2025Q1: 408,327 shares; 2025Q2: 434,910 shares; 2025Q3: 424,070 shares 424,070$96.3M3.74%-10,840Timeline
PHRPHREESIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,247,313 shares; 2024Q4: 2,873,892 shares; 2025Q1: 2,956,910 shares; 2025Q2: 3,325,262 shares; 2025Q3: 3,882,527 shares 3,882,527$91.3M3.55%+557,265Timeline
RBCRBC BEARINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 132,579 shares; 2024Q4: 155,885 shares; 2025Q1: 177,661 shares; 2025Q2: 227,434 shares; 2025Q3: 233,578 shares 233,578$91.2M3.54%+6,144Timeline
MCWMISTER CAR WASH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,940,682 shares; 2024Q4: 11,854,711 shares; 2025Q1: 14,050,551 shares; 2025Q2: 15,418,871 shares; 2025Q3: 16,863,562 shares 16,863,562$89.9M3.49%+1,444,691Timeline
HAYWHAYWARD HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,197,511 shares; 2024Q4: 3,199,663 shares; 2025Q1: 4,589,097 shares; 2025Q2: 5,253,834 shares; 2025Q3: 5,848,381 shares 5,848,381$88.4M3.44%+594,547Timeline
GSATGLOBALSTAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,815,691 shares; 2025Q2: 2,025,516 shares; 2025Q3: 2,149,192 shares 2,149,192$78.2M3.04%+123,676Timeline
EFXEQUIFAX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 231,081 shares; 2025Q3: 303,587 shares 303,587$77.9M3.03%+72,506Timeline
TDYTELEDYNE TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 97,510 shares; 2025Q2: 125,765 shares; 2025Q3: 132,514 shares 132,514$77.7M3.02%+6,749Timeline
VMIVALMONT INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 175,809 shares; 2024Q4: 175,809 shares; 2025Q1: 167,261 shares; 2025Q2: 202,370 shares; 2025Q3: 199,446 shares 199,446$77.3M3%-2,924Timeline
MMSIMERIT MED SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 403,328 shares; 2024Q4: 403,328 shares; 2025Q1: 407,787 shares; 2025Q2: 587,912 shares; 2025Q3: 871,927 shares 871,927$72.6M2.82%+284,015Timeline
CFLTCONFLUENT INC-CLASS AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 500,449 shares; 2024Q4: 1,820,446 shares; 2025Q1: 2,516,338 shares; 2025Q2: 3,097,695 shares; 2025Q3: 3,572,425 shares 3,572,425$70.7M2.75%+474,730Timeline
XBISPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 264,245 shares; 2025Q2: 579,667 shares; 2025Q3: 675,975 shares 675,975$67.7M2.63%+96,308Timeline
NEONEOGENOMICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,464,406 shares; 2024Q4: 4,701,897 shares; 2025Q1: 4,708,324 shares; 2025Q2: 7,431,147 shares; 2025Q3: 8,220,657 shares 8,220,657$63.5M2.47%+789,510Timeline
ALABASTERA LABS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 596,908 shares; 2024Q4: 253,492 shares; 2025Q1: 341,530 shares; 2025Q2: 534,535 shares; 2025Q3: 321,475 shares 321,475$62.9M2.45%-213,060Timeline
OIIOCEANEERING INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,445,433 shares; 2024Q4: 2,689,795 shares; 2025Q1: 2,268,079 shares; 2025Q2: 2,491,803 shares; 2025Q3: 2,491,803 shares 2,491,803$61.7M2.4%0Timeline
BLKBBLACKBAUD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 503,097 shares; 2025Q2: 706,447 shares; 2025Q3: 802,904 shares 802,904$51.6M2.01%+96,457Timeline
GTLBGITLAB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 967,285 shares; 2024Q4: 718,849 shares; 2025Q1: 877,926 shares; 2025Q2: 1,264,258 shares; 2025Q3: 1,080,563 shares 1,080,563$48.7M1.89%-183,695Timeline
CHYMCHIME FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 757,833 shares; 2025Q3: 2,352,911 shares 2,352,911$47.5M1.84%+1,595,078Timeline
ADTADT INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 5,128,811 shares 5,128,811$44.7M1.74%newTimeline
SGSWEETGREEN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,158,709 shares; 2025Q3: 3,946,884 shares 3,946,884$31.5M1.22%+1,788,175Timeline
SAIASAIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 44,809 shares; 2025Q2: 151,364 shares; 2025Q3: 104,375 shares 104,375$31.2M1.21%-46,989Timeline
GPNGLOBAL PMTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 586,883 shares; 2024Q4: 639,876 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 253,385 shares 253,385$21.1M0.82%newTimeline
CLARCLARUS CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,441,771 shares; 2024Q4: 5,400,621 shares; 2025Q1: 5,448,431 shares; 2025Q2: 5,448,431 shares; 2025Q3: 5,448,431 shares 5,448,431$19.1M0.74%0Timeline
CHEFCHEFS WHSE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,375,087 shares; 2024Q4: 2,452,981 shares; 2025Q1: 1,598,670 shares; 2025Q2: 862,733 shares; 2025Q3: 245,568 shares 245,568$14.3M0.56%-617,165Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
GPNGLOBAL PMTS INC COMcall750,000$62.3M+450,000
BILLBILL HOLDINGS INC COMcall500,000$26.5Mnew
NCLHNORWEGIAN CRUISE LINE HLDGS Stockcall1,000,000$24.6Mnew
CFLTCONFLUENT INC-CLASS A CLASS A COMcall1,000,000$19.8Mnew
GTMZOOMINFO TECHNOLOGIES INC Stockcall1,100,000$12M+1,000,000
ADTADT INC DEL Stockcall1,000,000$8.71Mnew
VYXNCR VOYIX CORPORATION COMcall459,000$5.76M0

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
FLRFLUOR CORP1,336,949$68.5Mshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001626220-25-000007 base2025-11-13acceptance time not in the bulk data set