# EDGAR Filing Document

**Accession Number:** 0001626220
**File Stem:** 0001626220-25-000006
**Filing Date:** 2025-8
**Character Count:** 7488
**Document Hash:** afa9cd9a02cc5d54fcf198377b5ba0d0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001626220-25-000006.hdr.sgml**: 20250813

**ACCESSION NUMBER**: 0001626220-25-000006

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250813

**DATE AS OF CHANGE**: 20250813

**EFFECTIVENESS DATE**: 20250813

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Greenhouse Funds LLLP
- **CENTRAL INDEX KEY:** 0001626220

**ORGANIZATION NAME:**
- **EIN:** 463237297
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17931
- **FILM NUMBER:** 251210669

**BUSINESS ADDRESS:**
- **STREET 1:** 605 S EDEN ST.
- **STREET 2:** SUITE 250
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231
- **BUSINESS PHONE:** 646-795-6093

**MAIL ADDRESS:**
- **STREET 1:** 605 S EDEN ST.
- **STREET 2:** SUITE 250
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Greenhouse Funds LP
- **DATE OF NAME CHANGE:** 20141121

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Greenhouse Funds LLLP<br>**Address:** 605 S EDEN ST.<br>SUITE 250<br>BALTIMORE, MD 21231

**Form 13F File Number:** 028-17931

**CRD Number (if applicable):** 000169840

**SEC File Number (if applicable):** 801-80782

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Patrick J. Mitchell<br>**Title:** Chief Financial Officer Chief Compliance Officer<br>**Phone:** 6467956093

**Signature, Place, and Date of Signing:**

Patrick J. Mitchell  Baltimore, MD  08-13-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 34

**Form 13F Information Table Value Total:** $2422117619

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ASTERA LABS INC | COM | 04626A103 |  | 48332655 | 534535 | SH |  | SOLE |  | 481720 | 0 | 52815 |
| BILL HOLDINGS INC | COM | 090043100 |  | 133690429 | 2889979 | SH |  | SOLE |  | 2585354 | 0 | 304625 |
| BLACKBAUD INC | COM | 09227Q100 |  | 45360962 | 706447 | SH |  | SOLE |  | 632035 | 0 | 74412 |
| CADRE HLDGS INC | COM | 12763L105 |  | 87372990 | 2743265 | SH |  | SOLE |  | 2462181 | 0 | 281084 |
| CHEFS WHSE INC | COM | 163086101 |  | 55050993 | 862733 | SH |  | SOLE |  | 771965 | 0 | 90768 |
| CHIME FINL INC | COM SHS CL A | 16935C109 |  | 26152817 | 757833 | SH |  | SOLE |  | 677372 | 0 | 80461 |
| CLARUS CORP NEW | COM | 18270P109 |  | 18906056 | 5448431 | SH |  | SOLE |  | 4782997 | 0 | 665434 |
| CONFLUENT INC | CLASS A COM | 20717M103 |  | 77225536 | 3097695 | SH |  | SOLE |  | 2772182 | 0 | 325513 |
| EQUIFAX INC | COM | 294429105 |  | 59935479 | 231081 | SH |  | SOLE |  | 206347 | 0 | 24734 |
| FLUOR CORP NEW | COM | 343412102 |  | 68545375 | 1336949 | SH |  | SOLE |  | 1207573 | 0 | 129376 |
| GITLAB INC | CLASS A COM | 37637K108 |  | 57030678 | 1264258 | SH |  | SOLE |  | 1134042 | 0 | 130216 |
| GLOBAL PMTS INC | COM | 37940X102 |  | 24012000 | 300000 | SH | Call | SOLE |  | 0 | 0 | 0 |
| GLOBALSTAR INC | COM NEW | 378973507 |  | 47700902 | 2025516 | SH |  | SOLE |  | 1820636 | 0 | 204880 |
| HAYWARD HLDGS INC | COM | 421298100 |  | 72502909 | 5253834 | SH |  | SOLE |  | 4723603 | 0 | 530231 |
| HEALTHEQUITY INC | COM | 42226A107 |  | 95521739 | 911815 | SH |  | SOLE |  | 819330 | 0 | 92485 |
| MADISON SQUARE GRDN SPRT COR | CL A | 55825T103 |  | 90874445 | 434910 | SH |  | SOLE |  | 389613 | 0 | 45297 |
| MERIT MED SYS INC | COM | 589889104 |  | 54958014 | 587912 | SH |  | SOLE |  | 529055 | 0 | 58857 |
| MISTER CAR WASH INC | COM | 60646V105 |  | 92667415 | 15418871 | SH |  | SOLE |  | 13821631 | 0 | 1597240 |
| NCR VOYIX CORPORATION | COM | 62886E108 |  | 200230854 | 17069979 | SH |  | SOLE |  | 15282724 | 0 | 1787255 |
| NCR VOYIX CORPORATION | COM | 62886E108 |  | 5384070 | 459000 | SH | Call | SOLE |  | 0 | 0 | 0 |
| NEOGENOMICS INC | COM NEW | 64049M209 |  | 54321685 | 7431147 | SH |  | SOLE |  | 6658116 | 0 | 773031 |
| NORWEGIAN CRUISE LINE HLDG L | SHS | G66721104 |  | 97933033 | 4829045 | SH |  | SOLE |  | 4324518 | 0 | 504527 |
| OCEANEERING INTL INC | COM | 675232102 |  | 51630158 | 2491803 | SH |  | SOLE |  | 2231098 | 0 | 260705 |
| PHREESIA INC | COM | 71944F106 |  | 94636957 | 3325262 | SH |  | SOLE |  | 2980028 | 0 | 345234 |
| RBC BEARINGS INC | COM | 75524B104 |  | 87516603 | 227434 | SH |  | SOLE |  | 204045 | 0 | 23389 |
| SAIA INC | COM | 78709Y105 |  | 41472222 | 151364 | SH |  | SOLE |  | 135709 | 0 | 15655 |
| SPDR SERIES TRUST | S BIOTECH | 78464A870 |  | 48071784 | 579667 | SH |  | SOLE |  | 537746 | 0 | 41921 |
| SPORTRADAR GROUP AG | CLASS A ORD SHS | H8088L103 |  | 223844044 | 7971654 | SH |  | SOLE |  | 7146478 | 0 | 825176 |
| SWEETGREEN INC | COM CL A | 87043Q108 |  | 32121590 | 2158709 | SH |  | SOLE |  | 1929190 | 0 | 229519 |
| TELEDYNE TECHNOLOGIES INC | COM | 879360105 |  | 64430667 | 125765 | SH |  | SOLE |  | 112232 | 0 | 13533 |
| UNIVERSAL DISPLAY CORP | COM | 91347P105 |  | 99494791 | 644146 | SH |  | SOLE |  | 578784 | 0 | 65362 |
| VALMONT INDS INC | COM | 920253101 |  | 66087971 | 202370 | SH |  | SOLE |  | 181340 | 0 | 21030 |
| ZOOMINFO TECHNOLOGIES INC | COMMON STOCK | 98980F104 |  | 98087796 | 9692470 | SH |  | SOLE |  | 8676741 | 0 | 1015729 |
| ZOOMINFO TECHNOLOGIES INC | COMMON STOCK | 98980F104 |  | 1012000 | 100000 | SH | Call | SOLE |  | 0 | 0 | 0 |

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