# EDGAR Filing Document

**Accession Number:** 0001661813
**File Stem:** 0000894189-25-011896
**Filing Date:** 2025-10
**Character Count:** 20107
**Document Hash:** 21328f5c385dcb4448fbcde5f9221661
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-011896.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0000894189-25-011896

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251027

**DATE AS OF CHANGE**: 20251027

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GoodHaven Funds Trust
- **CENTRAL INDEX KEY:** 0001661813

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23127
- **FILM NUMBER:** 251418618

**BUSINESS ADDRESS:**
- **STREET 1:** 374 MILLBURN AVENUE, SUITE 306
- **CITY:** MILLBURN
- **STATE:** NJ
- **ZIP:** 07041
- **BUSINESS PHONE:** 305-677-7650

**MAIL ADDRESS:**
- **STREET 1:** 2020 EAST FINANCIAL WAY, SUITE 100
- **CITY:** GLENDORA
- **STATE:** CA
- **ZIP:** 97141

## Series and Classes Contracts Data

### GoodHaven Fund (Series ID: S000053207)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000167357 | GoodHaven Fund | GOODX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **GoodHaven Fund** | **GoodHaven Fund** | **GoodHaven Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 88.7%** | **Shares** | **Value**  |
| **Automobile Retailers - 2.0%** | **Automobile Retailers - 2.0%** | |
| Asbury Automotive Group, Inc. <sup>(a)</sup> | 21003 | $5283095 |
| **Banks-Diversified - 7.0%** | **Banks-Diversified - 7.0%** |  |
| Bank of America Corp. | 319500 | 16211430 |
| JPMorgan Chase & Co. | 8000 | 2411360 |
|  |  | 18622790 |
| **Capital Markets - 5.9%** | **Capital Markets - 5.9%** |  |
| Jefferies Financial Group, Inc. | 242512 | 15726903 |
| **Diversified Holding Companies - 16.1%** | **Diversified Holding Companies - 16.1%** |  |
| Berkshire Hathaway, Inc. - Class B <sup>(a)</sup> | 85800 | 43155684 |
| **General Building Materials - 5.1%** | **General Building Materials - 5.1%** |  |
| Builders FirstSource, Inc. <sup>(a)</sup> | 99400 | 13784792 |
| **Home Builder - 5.2%** | **Home Builder - 5.2%** |  |
| Lennar Corp. - Class B | 93762 | 11924651 |
| Toll Brothers, Inc. | 15000 | 2085000 |
|  |  | 14009651 |
| **Industrial Conglomerate - 5.8%** | **Industrial Conglomerate - 5.8%** |  |
| EXOR NV | 156362 | 15667847 |
| **Interactive Media & Services - 6.7%** | **Interactive Media & Services - 6.7%** |  |
| Alphabet, Inc. - Class C | 84200 | 17979226 |
| **Investment Management - 7.7%** | **Investment Management - 7.7%** |  |
| Brookfield Corp. | 154548 | 10156895 |
| KKR & Co., Inc. | 75000 | 10461750 |
|  |  | 20618645 |
| **Mortgage Banking - 0.6%** | **Mortgage Banking - 0.6%** |  |
| Guild Holdings Co. - Class A | 81571 | 1624079 |
| **Oil & Gas Equipment & Services - 6.2%** | **Oil & Gas Equipment & Services - 6.2%** |  |
| TerraVest Industries, Inc. | 158300 | 16617840 |
| **Oil & Gas Exploration & Production - 8.4%** | **Oil & Gas Exploration & Production - 8.4%** |  |
| Devon Energy Corp. | 329161 | 11882712 |
| Vitesse Energy, Inc. | 399814 | 10639051 |
|  |  | 22521763 |
| **Oil & Gas Infrastructure - 1.2%** | **Oil & Gas Infrastructure - 1.2%** |  |
| Hess Midstream LP - Class A | 75667 | 3117480 |
| **Property/Casualty Insurance - 7.2%** | **Property/Casualty Insurance - 7.2%** |  |
| Chubb Ltd. | 38500 | 10590195 |
| The Progressive Corp. | 35000 | 8647100 |
|  |  | 19237295 |
| **Technology Distributors - 3.6%** | **Technology Distributors - 3.6%** |  |
| Arrow Electronics, Inc. <sup>(a)</sup> | 76438 | 9656412 |
| **TOTAL COMMON STOCKS** (Cost $116,034,743) | **TOTAL COMMON STOCKS** (Cost $116,034,743) | 237623502 |
| **PREFERRED STOCKS - 2.0%** | **Shares** | **Value**  |
| **Government Agency - 2.0%** | **Government Agency - 2.0%** |  |
| Federal National Mortgage Association | – | $– |
| &nbsp;&nbsp; Series N, 5.50%, Perpetual | 31037 | 835671 |
| &nbsp;&nbsp; Series R, 7.63%, Perpetual | 69980 | 1063696 |
| &nbsp;&nbsp; Series T, 8.25%, Perpetual | 216881 | 3496122 |
| **TOTAL PREFERRED STOCKS** (Cost $820,675) | **TOTAL PREFERRED STOCKS** (Cost $820,675) | 5395489 |
| **WARRANTS - 1.8%** | **Contracts** | **Value**  |
| **Oil & Gas Exploration & Production *-* 1.8%** | **Oil & Gas Exploration & Production *-* 1.8%** |  |
| Occidental Petroleum Corp., Expires 08/03/2027, Exercise Price $22.00 <sup>(a)</sup> | 183522 | 4676140 |
| **TOTAL WARRANTS** (Cost $6,163,423) | **TOTAL WARRANTS** (Cost $6,163,423) | 4676140 |
| **SHORT-TERM INVESTMENTS - 5.6%** | **Par** | **Value**  |
| **U.S. Treasury Bills - 5.6%** |  |  |
| 4.27%, 09/16/2025 <sup>(b)</sup> | 2500000 | 2495864 |
| 4.27%, 10/16/2025 <sup>(b)</sup> | 2500000 | 2487304 |
| 4.16%, 11/13/2025 <sup>(b)</sup> | 10000000 | 9918700 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $14,898,857) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $14,898,857) | 14901868 |
| **TOTAL INVESTMENTS - 98.1% (**Cost $137,917,698**)** | **TOTAL INVESTMENTS - 98.1% (**Cost $137,917,698**)** | 262596999 |
| Money Market Deposit Account - 1.8% <sup>(c)</sup> | Money Market Deposit Account - 1.8% <sup>(c)</sup> | 4878312 |
| Other Assets in Excess of Liabilities - 0.1% | Other Assets in Excess of Liabilities - 0.1% | 298074 |
| **TOTAL NET ASSETS - 100.0%** |  | $267773385 |
| Two | Two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

(a) Non-income producing security.

(b) The rate shown is the annualized yield as of August 31, 2025.

(c) The U.S. Bank Money Market Deposit Account (the "MMDA") is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on
 market conditions and is subject to change daily. The rate as of August 31, 2025 was 4.11%.

------

#### GoodHaven Fund

#### Summary of Fair Value Disclosure as of August 31, 2025 (Unaudited)

GoodHaven Fund (the "Fund") utilizes various methods to measure the fair value of most of its investments on a recurring basis. U.S. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are:

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the inputs used to value the Fund's investments as of August 31, 2025.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $237623502 | $– | $– | $237623502 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 4559818 | 835671 | – | 5395489 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Warrants | 4676140 | – | – | 4676140 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Short-Term Investments | – | 14901868 | – | 14901868 |
| Total Investments | $246859460 | $15737539 | $– | $262596999 |
| Refer to the Schedule of Investments for the industry and security type breakouts. | Refer to the Schedule of Investments for the industry and security type breakouts. | Refer to the Schedule of Investments for the industry and security type breakouts. | Refer to the Schedule of Investments for the industry and security type breakouts. | Refer to the Schedule of Investments for the industry and security type breakouts. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** GoodHaven Funds Trust

- **b. Investment Company Act file number:** 811-23127

- **c. CIK number of Registrant:** 0001661813

- **d. LEI of Registrant:** 549300JL6LCGFECIGU59

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 374 Millburn Avenue

  - **City:** Millburn

  - **State:** NJ

  - **Foreign country:** US

  - **Zip / Postal Code:** 07041

  - **Telephone number:** 305-677-7650

**Item A.2. Information about the Series.**

- **a. Name of Series:** GoodHaven Fund

- **b. EDGAR series identifier (if any):** S000053207

- **c. LEI of Series:** 549300JL6LCGFECIGU59

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-08-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $267510744.62

**Total Liabilities:** $242399.78

**Net Assets:** $267268344.84

**Cash Not Reported:** $72733.91

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000167357 | 3.06%                | 0.64%                | 5.16%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2951549.03              | $4105861.68                                |
| Month 2  | $885190.14               | $689596.58                                 |
| Month 3  | $-472381.70              | $13001173.05                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                   | Title                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FANNIE MAE                             | Federal National Mortgage Association  | CUSIP: 313586737<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | EP               | USGSE             | US        |    216881 | NS      | $3496121.72   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp                            | Lennar Corp                            | CUSIP: 526057302<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |     93762 | NS      | $11924651.16  | 4.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                   | Progressive Corp/The                   | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     35000 | NS      | $8647100.00   | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| TerraVest Industries Inc               | TerraVest Industries Inc               | CUSIP: 88105G103<br>LEI: 254900H4S2STHU44PM25 | Long             | EC               | CORP              | CA        |    158300 | NS      | $16617840.32  | 6.22%             |  |  |  | No            |                  1 | On Loan: No      |
| EXOR NV                                | EXOR NV                                | CUSIP: N/A<br>LEI: 5493002ENHZ6NYET7405       | Long             | EC               | CORP              | NL        |    156362 | NS      | $15667846.67  | 5.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                   | Bank of America Corp                   | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    319500 | NS      | $16211430.00  | 6.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc                 | Berkshire Hathaway Inc                 | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |     85800 | NS      | $43155684.00  | 16.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource Inc               | Builders FirstSource Inc               | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |     99400 | NS      | $13784792.00  | 5.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group Inc          | Jefferies Financial Group Inc          | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |    242512 | NS      | $15726903.20  | 5.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Vitesse Energy Inc                     | Vitesse Energy Inc                     | CUSIP: 92852X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    399814 | NS      | $10639050.54  | 3.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Corp                        | Brookfield Corp                        | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |    154548 | NS      | $10156894.56  | 3.80%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                    | JPMorgan Chase & Co                    | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      8000 | NS      | $2411360.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc                           | KKR & Co Inc                           | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |     75000 | NS      | $10461750.00  | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bank Money Market Deposit Account | U.S. Bank Money Market Deposit Account | CUSIP: 8AMMF0A92<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   4805578 | NS      | $4805578.39   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                          | United States Treasury Bill            | CUSIP: 912797QU4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2500000 | PA      | $2495863.20   | 0.93%             | 2025-09-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Guild Holdings Co                      | Guild Holdings Co                      | CUSIP: 40172N107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     81571 | NS      | $1624078.61   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                          | United States Treasury Bill            | CUSIP: 912797QQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9918700.00   | 3.71%             | 2025-11-13      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Chubb Ltd                              | Chubb Ltd                              | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |     38500 | NS      | $10590195.00  | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| FANNIE MAE                             | Federal National Mortgage Association  | CUSIP: 313586760<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | EP               | USGSE             | US        |     69980 | NS      | $1063696.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORP              | Occidental Petroleum Corp              | CUSIP: 674599162<br>LEI: IM7X0T3ECJW4C1T7ON55 | N/A              | DE               | CORP              | US        |    183522 | NS      | $4676140.56   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                           | Alphabet Inc                           | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     84200 | NS      | $17979226.00  | 6.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Electronics Inc                  | Arrow Electronics Inc                  | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |     76438 | NS      | $9656412.54   | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp                      | Devon Energy Corp                      | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |    329161 | NS      | $11882712.10  | 4.45%             |  |  |  | No            |                  1 | On Loan: No      |
| FANNIE MAE                             | Federal National Mortgage Association  | CUSIP: 313586828<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | EP               | USGSE             | US        |     31037 | NS      | $835671.23    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Hess Midstream LP                      | Hess Midstream LP                      | CUSIP: 428103105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75667 | NS      | $3117480.40   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers Inc                      | Toll Brothers Inc                      | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |     15000 | NS      | $2085000.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                          | United States Treasury Bill            | CUSIP: 912797QF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2500000 | PA      | $2487304.18   | 0.93%             | 2025-10-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Asbury Automotive Group Inc            | Asbury Automotive Group Inc            | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |     21003 | NS      | $5283094.62   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-27

**Name of Applicant:** GoodHaven Funds Trust

**Signature:** /s/ Lynn Iacona

**Name of Signer:** Lynn Iacona

**Title:** Principal Financial Officer