The fund trailed the S&P 500 by 11.46 percentage points in the first half of 2026 while adjusting holdings in homebuilding stocks.
The GoodHaven Fund declined 0.15% in the first half of 2026, significantly underperforming the S&P 500, which rose 11.31% over the same period. The fund disclosed the performance in its semi-annual investor letter, highlighting portfolio adjustments during the period.
During the first half, the fund increased its stake in Builders FirstSource (BLDR) and Lennar (LEN), while exiting its position in Vanguard Total Stock Market ETF (VTS). The moves reflect a shift toward homebuilding and construction-related equities amid broader market gains.
No immediate market reaction was reported following the disclosure.