Greenhouse Funds LLLP

BALTIMORE, MD · CIK 1626220 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2015 · other (specify)

Assets managed$2.9bn
Staff9 · 5 in investment roles
Main clients (by assets)Private funds 89%, State and local governments 7%, Mutual funds and ETFs 4%
Private funds4 (4 hedge) · $2.4bn gross assets
Websitegreenhousefunds.com
Form ADV · 2026-09-11SEC adviser record

Legal entityGREENHOUSE FUNDS LLLP (US)

$1.9bn reported value -10.0% vs Q1 2026

29positions

57.6%in top 10

6 new 6 added 16 reduced 5 sold out vs Q1 2026

Options: 3 call positions ($57.3m notional), 0 put positions (— notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NCR VOYIX CORPORATION COM VYX	VYX	19,897,615	$162.6m8.56%	8.56%	Added +185.2k	+185,201 0.9%
2	RBC BEARINGS INC COM RBC	RBC	195,498	$125.9m6.63%	6.63%	Reduced -38.6k	-38,609 -16.5%
3	NEOGENOMICS INC COM NEW NEO	NEO	8,574,210	$125.1m6.59%	6.59%	Reduced -525.9k	-525,893 -5.8%
4	SPORTRADAR GROUP AG CLASS A ORD SHS SRAD	SRAD	8,287,494	$124.1m6.53%	6.53%	Reduced -1.1m	-1,076,370 -11.5%
5	HEALTHEQUITY INC COM HQY	HQY	1,183,024	$106.9m5.63%	5.63%	Reduced -74.8k	-74,830 -6.0%
6	NORWEGIAN CRUISE LINE HLDG L SHS NCLH	NCLH	4,733,164	$99.9m5.26%	5.26%	Reduced -380.8k	-380,816 -7.5%
7	BILL HOLDINGS INC COM BILL	BILL	2,672,670	$96.6m5.09%	5.09%	Reduced -517.9k	-517,935 -16.2%
8	HAYWARD HLDGS INC COM HAYW	HAYW	5,507,710	$95.3m5.02%	5.02%	Reduced -911.3k	-911,254 -14.2%
9	CADRE HLDGS INC COM CDRE	CDRE	2,868,664	$81.8m4.31%	4.31%	Added +286	+286 0.0%
10	OCEANEERING INTL INC COM OII	OII	1,896,343	$76.8m4.05%	4.05%	Reduced -136.1k	-136,146 -6.7%
11	SPDR SER TR S&P BIOTECH XBI	XBI	484,437	$76.7m4.04%	4.04%	Reduced -166.5k	-166,512 -25.6%
12	LIVANOVA PLC SHS LIVN	LIVN	924,128	$76.0m4.00%	4.00%	Added +155.8k	+155,833 20.3%
13	MERIT MED SYS INC COM MMSI	MMSI	1,072,098	$74.3m3.91%	3.91%	Reduced -50.3k	-50,349 -4.5%
14	CHIME FINL INC COM SHS CL A CHYM	CHYM	3,418,402	$70.0m3.69%	3.69%	Reduced -3.4k	-3,353 -0.1%
15	ASTERA LABS INC COM ALAB	ALAB	134,562	$65.0m3.42%	3.42%	Reduced -220.7k	-220,710 -62.1%
16	TELEDYNE TECHNOLOGIES INC COM TDY	TDY	91,147	$60.8m3.20%	3.20%	Reduced -26.6k	-26,636 -22.6%
17	NOVANTA INC COM NOVT	NOVT	356,787	$57.9m3.05%	3.05%	Added +160.2k	+160,159 81.5%
18	VALMONT INDS INC COM VMI	VMI	96,557	$55.8m2.94%	2.94%	Reduced -116.5k	-116,491 -54.7%
19	SWEETGREEN INC COM CL A SG	SG	5,066,028	$44.6m2.35%	2.35%	Added +16.8k	+16,793 0.3%
20	SOLARIS ENERGY INFRAS INC COM CL A SEI	SEI	495,053	$39.8m2.10%	2.10%	New
21	HALLIBURTON CO COM HAL	HAL	1,100,287	$37.4m1.97%	1.97%	New
22	RIVIAN AUTOMOTIVE INC COM CL A RIVN	RIVN	1,681,265	$29.2m1.54%	1.54%	New
23	PAPA JOHNS INTL INC COM PZZA	PZZA	740,311	$27.2m1.43%	1.43%	Added +194.3k	+194,295 35.6%
24	AMERICAN EAGLE OUTFITTERS IN COM AEO	AEO	1,313,114	$22.6m1.19%	1.19%	New
25	NUSCALE PWR CORP CL A COM SMR	SMR	2,159,213	$21.7m1.14%	1.14%	New
26	MADISON SQUARE GRDN SPRT COR CL A MSGS	MSGS	46,902	$18.8m0.99%	0.99%	Reduced -107.2k	-107,249 -69.6%
27	CLARUS CORP NEW COM CLAR	CLAR	5,448,431	$17.2m0.90%	0.90%	Unchanged
28	ECHOSTAR CORP CL A ECHO	ECHO	58,450	$5.9m0.31%	0.31%	New
29	GLOBALSTAR INC COM NEW GSAT	GSAT	44,736	$3.6m0.19%	0.19%	Reduced -2.2m	-2,156,232 -98.0%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
MISTER CAR WASH INC		13,342,649	$93.0m13.3m shares
ZOOMINFO TECHNOLOGIES INC GTM	GTM	11,463,138	$68.5m11.5m shares
COSTAR GROUP INC CSGP	CSGP	1,377,305	$55.6m1.4m shares
TOAST INC TOST	TOST	1,972,912	$52.3m2.0m shares
FLOWSERVE CORP FLS	FLS	658,469	$48.4m658.5k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
NCR VOYIX CORPORATION VYX · Call	VYX	Call	4,219,300	$34.5m4.2m shares	Added
NORWEGIAN CRUISE LINE HLDG L NCLH · Call	NCLH	Call	1,000,000	$21.1m1.0m shares	Reduced
NEOGENOMICS INC NEO · Call	NEO	Call	115,800	$1.7m115.8k shares	Unchanged

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
NCR VOYIX CORPORATION VYX · 13G · filed 2026-09-02	VYX	18.5%≈ $208.3m	+1.0 pts	13G	2026-09-02
CLARUS CORP NEW CLAR · 13G · filed 2026-05-15	CLAR	14.2%≈ $17.2m		13G	2026-05-15
NEOGENOMICS INC NEO · 13G · filed 2026-05-15	NEO	7.1%≈ $134.5m	+1.3 pts	13G	2026-05-15