Greenhouse Funds LLLP — 13F Holdings & Portfolio
CIK 1626220 · latest 13F-HR filed 2026-08-14
Greenhouse Funds LLLP manages $1.96B in 13F-reported U.S. long-equity assets across 32 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are VYX (8.31%), RBC (6.43%), NEO (6.39%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 6 new positions and exited 5; 11 existing positions rose in reported value and 8 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
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AUM
$1.96B
Long-equity book
Holdings
32
Distinct positions
Period
2026-06-30
Filed 2026-08-14
Q/Q Activity
+6 / −5 / ↑11 / ↓8
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26VYX8.6% · +1%RBC6.6% · -16%NEO6.6% · -6%SRAD6.5% · -12%HQY5.6% · -6%NCLH5.3% · -7%BILL5.1% · -16%HAYW5.0% · -14%CDRE4.3% · 0%OII4.0% · -7%XBI4.0% · -26%LIVN4.0% · +20%MMSI3.9% · -4%CHYM3.7% · -0%ALAB3.4% · -62%TDY3.2% · -23%NOVT3.0% · +82%VMI2.9% · -55%SG2.4% · +0%SEI2.1% · newHAL2.0% · newRIVN1.5% · newPZZA1.4% · +36%AEO1.2% · newSMR1.1% · newMSGS1.0% · -70%CLAR0.9% · 0%ECHO0.3% · newGSAT0.2% · -98%
Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 57.6%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Sep 11, 2026.
Assets Under Management
$2.93B
Discretionary
$2.93B
Employees
9
Accounts
12
Address
605 SOUTH EDEN STREET
SUITE 250
BALTIMORE, MD 21231
SUITE 250
BALTIMORE, MD 21231
Phone
(443) 759-4633
Website
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| BAIRD FINANCIAL CORPORATION Control | LIMITED PARTNER since Mar 2014 | 10–25% | Domestic Entity |
| BARRY, SCOTT, CHARLES Control | LIMITED PARTNER since Jan 2017 | 10–25% | Individual |
| GREENHOUSE GP LLC Control | GENERAL PARTNER since Jun 2013 | Less than 5% | Domestic Entity |
| J M MILANO TR JOSEPH M MILANO, REV TRUST DTD 3/30/11 AND K T MILANO TR KIRSTEN T MILANO, REV TRUST DTD 3/30/11 TEN COM Control | LIMITED PARTNER since Jun 2013 | 10–25% | Domestic Entity |
| LANDY, BENJAMIN, DAVID Control | LIMITED PARTNER since Jan 2017 | 10–25% | Individual |
| MAFALE, SCOTT, ALEXANDER Control | LIMITED PARTNER since Jan 2025 | Less than 5% | Individual |
| MILANO, JOSEPH, MICHAEL Control | CHIEF INVESTMENT OFFICER since Jun 2013 | Less than 5% | Individual |
| MILANO, JOSEPH, MICHAEL Control | DIRECTOR since Mar 2014 | Less than 5% | Individual |
| MILANO, JOSEPH, MICHAEL Control | TRUSTEE since Mar 2011 | 10–25% | Individual |
| MILANO, KIRSTEN, TARA Control | TRUSTEE since Mar 2011 | 10–25% | Individual |
| MILLER, DANIEL, PATRICK Control | LIMITED PARTNER since Jan 2021 | Less than 5% | Individual |
| MILLER, DANIEL, PATRICK Control | CHIEF OPERATING OFFICER since Jan 2025 | Less than 5% | Individual |
| MITCHELL, PATRICK, JOSEPH Control | CHIEF FINANCIAL OFFICER/CHIEF COMPLIANCE OFFICER since Jul 2013 | Less than 5% | Individual |
| MITCHELL, PATRICK, JOSEPH Control | LIMITED PARTNER since Jan 2017 | 5–10% | Individual |
| MORRIS, CHARLES, ALAN Control | LIMITED PARTNER since Jan 2015 | 10–25% | Individual |
| MORRIS, CHARLES, ALAN Control | DIRECTOR since Nov 2016 | Less than 5% | Individual |
| NEIS, JOHN, JAMESON Control | DIRECTOR since Oct 2019 | Less than 5% | Individual |
| REESE, CHARLES, RICHARD Control | DIRECTOR since Mar 2014 | Less than 5% | Individual |
| VANDER ROEST, MICHAEL, J Control | DIRECTOR since Apr 2026 | Less than 5% | Individual |
| BAIRD FINANCIAL GROUP, INC. Control Indirect owner via BAIRD FINANCIAL CORPORATION | SHAREHOLDER since Dec 2020 | 75% or more | Domestic Entity |
| J M MILANO TR JOSEPH M MILANO, REV TRUST DTD 3/30/11 AND K T MILANO TR KIRSTEN T MILANO, REV TRUST DTD 3/30/11 TEN COM Control Indirect owner via GREENHOUSE GP LLC | MEMBER since Nov 2016 | 25–50% | Domestic Entity |
| MILANO, JOSEPH, MICHAEL Control Indirect owner via GREENHOUSE GP LLC | MEMBER since Jun 2013 | 50–75% | Individual |
Ownership & leadership changes · 11 filings with changes since Jul 25, 2014
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
May 7, 2026 filing
- No longer listedMAXWELL, TERRANCE, PATRICK · DIRECTOR · Less than 5% · control person · listed since Mar 2014
- AddedVANDER ROEST, MICHAEL, J · DIRECTOR · Less than 5% · control person
Mar 25, 2026 filing
- No longer listedPREY, DUVAL, JAMES · LIMITED PARTNER · Less than 5% · control person · listed since Jan 2018
Mar 25, 2025 filing
- AddedMAFALE, SCOTT, ALEXANDER · LIMITED PARTNER · Less than 5% · control person
- ChangedMILLER, DANIEL, PATRICK · title LIMITED PARTNER → CHIEF OPERATING OFFICER / LIMITED PARTNER
- ChangedMORRIS, CHARLES, ALAN · title CHIEF OPERATING OFFICER / DIRECTOR / LIMITED PARTNER → DIRECTOR / LIMITED PARTNER
Feb 13, 2022 filing
- No longer listedBAIRD FINANCIAL GROUP, INC. · SHAREHOLDER · 75% or more · indirect via BAIRD HOLDING COMPANY · control person · listed since Oct 2012
- No longer listedBAIRD HOLDING COMPANY · SHAREHOLDER · 75% or more · indirect via BAIRD FINANCIAL CORPORATION · control person · listed since May 2001
- AddedBAIRD FINANCIAL GROUP, INC. · SHAREHOLDER · 75% or more · indirect via BAIRD FINANCIAL CORPORATION · control person
Mar 29, 2021 filing
- No longer listedGENTILE, CARA, MARINO · LIMITED PARTNER · Less than 5% · listed since Jun 2013
- No longer listedGENTILE, JAMES, MICHAEL · LIMITED PARTNER · Less than 5% · listed since Jun 2013
- AddedMILLER, DANIEL, PATRICK · LIMITED PARTNER · Less than 5% · control person
Mar 30, 2020 filing
- ChangedMILANO, JOSEPH, MICHAEL · ownership 50–75% → 10–25%
- ChangedMILANO, KIRSTEN, TARA · ownership 50–75% → 10–25%
Oct 11, 2019 filing
- No longer listedMAHLER, WILLIAM, WALTER · DIRECTOR · Less than 5% · control person · listed since Mar 2014
- AddedNEIS, JOHN, JAMESON · DIRECTOR · Less than 5% · control person
Mar 28, 2018 filing
- AddedPREY, DUVAL, JAMES · LIMITED PARTNER · Less than 5% · control person
- ChangedBAIRD FINANCIAL CORPORATION · ownership 25–50% → 10–25%
Mar 30, 2017 filing
- AddedBARRY, SCOTT, CHARLES · LIMITED PARTNER · 10–25% · control person
- AddedLANDY, BENJAMIN, DAVID · LIMITED PARTNER · 10–25% · control person
- ChangedMITCHELL, PATRICK, JOSEPH · title CHIEF FINANCIAL OFFICER/CHIEF COMPLIANCE OFFICER → CHIEF FINANCIAL OFFICER/CHIEF COMPLIANCE OFFICER / LIMITED PARTNER
Dec 14, 2016 filing
- No longer listedGENTILE, JAMES, MICHAEL · MEMBER · 25–50% · indirect via GREENHOUSE GP LLC · control person · listed since Jun 2013
- AddedJ M MILANO TR JOSEPH M MILANO, REV TRUST DTD 3/30/11 AND K T MILANO TR KIRSTEN T MILANO, REV TRUST DTD 3/30/11 TEN COM · MEMBER · 25–50% · indirect via GREENHOUSE GP LLC · control person
- ChangedBAIRD FINANCIAL CORPORATION · ownership Less than 5% → 25–50%
- ChangedGENTILE, CARA, MARINO · ownership 25–50% → Less than 5%; no longer a control person
- ChangedGENTILE, JAMES, MICHAEL · title DIRECTOR / LIMITED PARTNER → LIMITED PARTNER; ownership 25–50% → Less than 5%; no longer a control person
- ChangedJ M MILANO TR JOSEPH M MILANO, REV TRUST DTD 3/30/11 AND K T MILANO TR KIRSTEN T MILANO, REV TRUST DTD 3/30/11 TEN COM · ownership 25–50% → 10–25%
- ChangedMITCHELL, PATRICK, JOSEPH · ownership Less than 5% → 5–10%
- ChangedMORRIS, CHARLES, ALAN · title CHIEF OPERATIONS OFFICER / LIMITED PARTNER → CHIEF OPERATING OFFICER / DIRECTOR / LIMITED PARTNER
Older changes (2 more filings)
Mar 29, 2016 filing
- ChangedGENTILE, JAMES, MICHAEL · title DIRECTOR / DIRECTOR OF RESEARCH / LIMITED PARTNER → DIRECTOR / LIMITED PARTNER
- ChangedMORRIS, CHARLES, ALAN · title CHIEF OPERATIONS OFFICER → CHIEF OPERATIONS OFFICER / LIMITED PARTNER
Jul 25, 2014 filing (earliest on record)
- ListedBAIRD FINANCIAL CORPORATION · LIMITED PARTNER · Less than 5% · control person
- ListedBAIRD FINANCIAL GROUP, INC. · SHAREHOLDER · 75% or more · indirect via BAIRD HOLDING COMPANY · control person
- ListedBAIRD HOLDING COMPANY · SHAREHOLDER · 75% or more · indirect via BAIRD FINANCIAL CORPORATION · control person
- ListedGENTILE, CARA, MARINO · LIMITED PARTNER · 25–50% · control person
- ListedGENTILE, JAMES, MICHAEL · DIRECTOR / DIRECTOR OF RESEARCH / LIMITED PARTNER · 25–50% · control person
- ListedGENTILE, JAMES, MICHAEL · MEMBER · 25–50% · indirect via GREENHOUSE GP LLC · control person
- ListedGREENHOUSE GP LLC · GENERAL PARTNER · Less than 5% · control person
- ListedJ M MILANO TR JOSEPH M MILANO, REV TRUST DTD 3/30/11 AND K T MILANO TR KIRSTEN T MILANO, REV TRUST DTD 3/30/11 TEN COM · LIMITED PARTNER · 25–50% · control person
- ListedMAHLER, WILLIAM, WALTER · DIRECTOR · Less than 5% · control person
- ListedMAXWELL, TERRANCE, PATRICK · DIRECTOR · Less than 5% · control person
- ListedMILANO, JOSEPH, MICHAEL · CHIEF INVESTMENT OFFICER / DIRECTOR / TRUSTEE · 50–75% · control person
- ListedMILANO, JOSEPH, MICHAEL · MEMBER · 50–75% · indirect via GREENHOUSE GP LLC · control person
- ListedMILANO, KIRSTEN, TARA · TRUSTEE · 50–75% · control person
- ListedMITCHELL, PATRICK, JOSEPH · CHIEF FINANCIAL OFFICER/CHIEF COMPLIANCE OFFICER · Less than 5% · control person
- ListedMORRIS, CHARLES, ALAN · CHIEF OPERATIONS OFFICER · 10–25% · control person
- ListedREESE, CHARLES, RICHARD · DIRECTOR · Less than 5% · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- NEOGENOMICS INC$57.6M +85.3%
- NCR VOYIX CORPORATION$37.8M +30.3%
- NOVANTA INC$34.7M +149.2%
- LIVANOVA PLC$27.2M +55.6%
- ASTERA LABS INC$26.1M +66.9%
Top Trims
- GLOBALSTAR INC-$142.6M -97.5%
- SPORTRADAR GROUP AG-$32.7M -20.9%
- MADISON SQUARE GRDN SPRT COR-$30.7M -62.0%
- VALMONT INDS INC-$29.4M -34.5%
- BILL HOLDINGS INC-$25.6M -20.9%
New Positions
- SOLARIS ENERGY INFRAS INC$39.8M
- HALLIBURTON CO$37.4M
- RIVIAN AUTOMOTIVE INC$29.2M
- AMERICAN EAGLE OUTFITTERS IN$22.6M
- NUSCALE PWR CORP$21.7M
Exited Positions
- MISTER CAR WASH INC$93.0M
- ZOOMINFO TECHNOLOGIES INC$68.5M
- COSTAR GROUP INC$55.6M
- TOAST INC$52.3M
- FLOWSERVE CORP$48.4M
Greenhouse Funds LLLP Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | NCR VOYIX CORPORATION | VYX | 62886E108 | $162.6M | 8.31% | 19,897,615 | SH |
| 2 | RBC BEARINGS INC | RBC | 75524B104 | $125.9M | 6.43% | 195,498 | SH |
| 3 | NEOGENOMICS INC | NEO | 64049M209 | $125.1M | 6.39% | 8,574,210 | SH |
| 4 | SPORTRADAR GROUP AG | SRAD | H8088L103 | $124.1M | 6.34% | 8,287,494 | SH |
| 5 | HEALTHEQUITY INC | HQY | 42226A107 | $106.9M | 5.46% | 1,183,024 | SH |
| 6 | NORWEGIAN CRUISE LINE HLDGS | NCLH | G66721104 | $99.9M | 5.11% | 4,733,164 | SH |
| 7 | BILL HOLDINGS INC | BILL | 090043100 | $96.6M | 4.94% | 2,672,670 | SH |
| 8 | HAYWARD HLDGS INC | HAYW | 421298100 | $95.3M | 4.87% | 5,507,710 | SH |
| 9 | CADRE HLDGS INC | CDRE | 12763L105 | $81.8M | 4.18% | 2,868,664 | SH |
| 10 | OCEANEERING INTL INC | OII | 675232102 | $76.8M | 3.93% | 1,896,343 | SH |
| 11 | SPDR SERIES TRUST | XBI | 78464A870 | $76.7M | 3.92% | 484,437 | SH |
| 12 | LIVANOVA PLC | LIVN | G5509L101 | $76.0M | 3.88% | 924,128 | SH |
| 13 | MERIT MED SYS INC | MMSI | 589889104 | $74.3M | 3.80% | 1,072,098 | SH |
| 14 | CHIME FINL INC | CHYM | 16935C109 | $70.0M | 3.58% | 3,418,402 | SH |
| 15 | ASTERA LABS INC | ALAB | 04626A103 | $65.0M | 3.32% | 134,562 | SH |
| 16 | TELEDYNE TECHNOLOGIES INC | TDY | 879360105 | $60.8M | 3.11% | 91,147 | SH |
| 17 | NOVANTA INC | NOVT | 67000B104 | $57.9M | 2.96% | 356,787 | SH |
| 18 | VALMONT INDS INC | VMI | 920253101 | $55.8M | 2.85% | 96,557 | SH |
| 19 | SWEETGREEN INC | SG | 87043Q108 | $44.6M | 2.28% | 5,066,028 | SH |
| 20 | SOLARIS ENERGY INFRAS INC | SEI | 83418M103 | $39.8M | 2.04% | 495,053 | SH |
| 21 | HALLIBURTON CO | HAL | 406216101 | $37.4M | 1.91% | 1,100,287 | SH |
| 22 | NCR VOYIX CORPORATION Call | VYX | 62886E108 | $34.5M | 1.76% | 4,219,300 | SH |
| 23 | RIVIAN AUTOMOTIVE INC | RIVN | 76954A103 | $29.2M | 1.49% | 1,681,265 | SH |
| 24 | PAPA JOHNS INTL INC | PZZA | 698813102 | $27.2M | 1.39% | 740,311 | SH |
| 25 | AMERICAN EAGLE OUTFITTERS IN | AEO | 02553E106 | $22.6M | 1.15% | 1,313,114 | SH |
| 26 | NUSCALE PWR CORP | SMR | 67079K100 | $21.7M | 1.11% | 2,159,213 | SH |
| 27 | NORWEGIAN CRUISE LINE HLDGS Call | NCLH | G66721104 | $21.1M | 1.08% | 1,000,000 | SH |
| 28 | MADISON SQUARE GRDN SPRT COR | MSGS | 55825T103 | $18.8M | 0.96% | 46,902 | SH |
| 29 | CLARUS CORP NEW | CLAR | 18270P109 | $17.2M | 0.88% | 5,448,431 | SH |
| 30 | ECHOSTAR CORP | ECHO | 278768106 | $5.9M | 0.30% | 58,450 | SH |
| 31 | GLOBALSTAR INC | GSAT | 378973507 | $3.6M | 0.19% | 44,736 | SH |
| 32 | NEOGENOMICS INC Call | NEO | 64049M209 | $1.7M | 0.09% | 115,800 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $1.96B | 32 | 0001626220-26-000005 |
| 2026-03-31 | 2026-05-15 | $2.23B | 33 | 0001626220-26-000003 |
| 2025-12-31 | 2026-02-17 | $2.77B | 40 | 0001626220-26-000002 |
| 2025-09-30 | 2025-11-13 | $2.73B | 39 | 0001626220-25-000007 |
Filer Information
Address
605 S EDEN ST.SUITE 250
BALTIMORE, MD 21231
Phone
(646) 795-6093
Filing Manager
Greenhouse Funds LLLP
BALTIMORE, MD
Signatory
Patrick J. Mitchell
Chief Financial Officer, Chief Compliance Officer