# Goodhaven Capital Management

> Goodhaven Capital Management is an SEC-registered investment advisory firm in Millburn, NJ, registered since 2011, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 26, 2026.

- CRD: 156032
- Filed as: GOODHAVEN CAPITAL MANAGEMENT
- Legal name: Goodhaven Capital Management, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Millburn, NJ
- Filing period: October 2026
- Form ADV filing dated: March 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/156032
- AdvisorCensus page: https://advisorcensus.com/firm/goodhaven-capital-management-millburn-nj-156032

## Quick answers

**How is Goodhaven Capital Management compensated?**
On its Form ADV (Item 5.E, October 2026), Goodhaven Capital Management reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Goodhaven Capital Management located?**
Goodhaven Capital Management's principal office is in Millburn, NJ, according to its Form ADV.

**Is Goodhaven Capital Management registered with the SEC or a state?**
Goodhaven Capital Management is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 156032.

**How much does Goodhaven Capital Management manage?**
Goodhaven Capital Management reports $405,257,220 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (100% discretionary).

**How have Goodhaven Capital Management's assets and staff changed since 2021?**
In the Form ADV data for Goodhaven Capital Management: Regulatory assets under management: $155,136,870 in the October 2021 data and $405,257,220 in the October 2026 data, up 161%. Total employees: 4 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Goodhaven Capital Management serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (46); high net worth individuals (27); investment companies (1).

**Which custodians does Goodhaven Capital Management use?**
Goodhaven Capital Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Goodhaven Capital Management report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/156032

**What changed in Goodhaven Capital Management's recent Form ADV filings?**
In the April 2026 filing data: Registered or notice-filed in NY.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Brokerage Services LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $405,257,220
- Discretionary: $405,257,220
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 46 | $7,857,504 |
| High net worth individuals | 27 | $103,482,148 |
| Investment companies | 1 | $259,891,276 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $12,965,475 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $8,848,993 |
| Corporations or other businesses not listed above | Fewer than 5 | $12,211,824 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2011 (15 years)
- Employees: 5 total, 2 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: CT, FL, MA, NJ, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- goodhavenfunds.com
- goodhavenllc.com
- LinkedIn @GOODHAVEN
- X @GOODHAVENCAP

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $155,136,870 | 4 | March 29, 2021 |
| October 2022 | $202,783,150 | 4 | March 25, 2022 |
| October 2023 | $182,699,564 | 5 | March 27, 2023 |
| October 2024 | $336,365,846 | 5 | March 27, 2024 |
| October 2025 | $434,721,059 | 5 | March 25, 2025 |
| October 2026 | $405,257,220 | 5 | March 26, 2026 |

Regulatory assets under management: $155,136,870 in the October 2021 data and $405,257,220 in the October 2026 data, up 161%.
Total employees: 4 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Registered or notice-filed in NY.

### January 2026
- No longer registered or notice-filed in NY.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Goodhaven Capital Management (CRD 156032): Form ADV filing data as of October 2026.