WhaleCreep

Brave Warrior Advisors (Glenn Greenberg) 13F holdings, Q3 2018

Long-only investorSEC filingsCompare with another fundHoldings as of 2018-09-30, filed 2018-11-14

Brave Warrior Advisors (Glenn Greenberg) disclosed 18 US equity positions worth $2.3bn in its Q3 2018 13F filing. Its largest position is BFH at 17.4% of the reported book, followed by GOOGL and SCHW. Versus Q2 2018 it opened 6 new positions, added to 1, reduced 6 and exited 1.

$2.3bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
18
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
17.4%
Largest position
The largest single position as a share of the reported equity book.
94.7%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
9
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
56
Quarters on file since Q1 2012
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q2 2018: 6 new, 1 added, 6 reduced, 1 exited

18 rows
BFH BREAD FINANCIAL HOLDINGS INCFinancial Services17.4%$409m1.73m+0.1%held
GOOGL ALPHABET INCCommunication Services15.5%$364m301,615−1.9%reduced
SCHW SCHWAB CHARLES CORPFinancial Services12.2%$287m5.84m0.0%held
JPM JPMORGAN CHASE & COFinancial Services8.6%$202m1.79m+0.2%held
AR ANTERO RESOURCES CORPEnergy8.4%$197m11.14m+2.1%added
LIBERTY GLOBAL PLC no ticker–8.3%$194m6.90m−21%reduced
RJF RAYMOND JAMES FINANCIAL INCFinancial Services8.1%$191m2.07m–new
PRI PRIMERICA INCFinancial Services7.5%$175m1.45m−8.0%reduced
LEN LENNAR CORPConsumer Cyclical4.4%$103m2.22m–new
C CITIGROUP INCFinancial Services4.2%$99.6m1.39m–new
NIELSEN HLDGS PLC no ticker–3.4%$80.2m2.90m−56%reduced
DHI D R HORTON INCConsumer Cyclical1.4%$33.6m796,400–new
LIBERTY GLOBAL PLC no ticker–0.3%$7.2m248,493−0.7%reduced
GOOG ALPHABET INCCommunication Services0.05%$1.3m1,056–new
CMCSA COMCAST CORP NEWCommunication Services0.05%$1.1m31,0940.0%held
MCO MOODYS CORPFinancial Services0.04%$848k5,069–new
HCA HCA HEALTHCARE INCHealthcare0.02%$542k3,896−100%reduced
BAC BANK OF AMER CORPFinancial Services0.02%$428k14,5320.0%held

Exited since Q2 2018

1 row
EXPRESS SCRIPTS HLDG CO no ticker4.0%$96.5m

Sector mix

  • Financial Services58.1%
  • Communication Services15.6%
  • Unclassified12.0%
  • Energy8.4%
  • Consumer Cyclical5.8%
  • Healthcare0.02%

Book over time

Every quarter on file (56)
QuarterPositionsEquity book
Q2 202640$4.6bn
Q1 202636$4.0bn
Q4 202533$4.3bn
Q3 202533$4.3bn
Q2 202535$4.4bn
Q1 202535$4.4bn
Q4 202430$4.0bn
Q3 202432$4.8bn
Q2 202427$4.5bn
Q1 202429$4.8bn
Q4 202330$4.2bn
Q3 202334$4.0bn
Q2 202332$3.8bn
Q1 202328$3.2bn
Q4 202226$3.2bn
Q3 202225$2.9bn
Q2 202223$2.9bn
Q1 202224$3.4bn
Q4 202123$3.1bn
Q3 202124$2.9bn
Q2 202124$2.9bn
Q1 202124$3.1bn
Q4 202022$2.7bn
Q3 202023$2.2bn
Q2 202021$2.0bn
Q1 202022$1.7bn
Q4 201919$1.9bn
Q3 201917$1.9bn
Q2 201919$1.9bn
Q1 201920$2.0bn
Q4 201822$2.0bn
Q3 201818$2.3bn
Q2 201813$2.4bn
Q1 201813$2.3bn
Q4 201715$2.3bn
Q3 201714$2.1bn
Q2 201717$2.3bn
Q1 201718$2.1bn
Q4 201620$2.1bn
Q3 201618$2.1bn
Q2 201617$1.8bn
Q1 201614$2.1bn
Q4 201515$2.5bn
Q3 201516$3.1bn
Q2 201516$3.5bn
Q1 201515$3.3bn
Q4 201414$2.9bn
Q3 201412$2.7bn
Q2 201413$2.5bn
Q1 201412$2.5bn
Q4 201314$2.4bn
Q3 201311$2.2bn
Q2 201311$2.2bn
Q1 20133$276m
Q3 20121$75.3m
Q1 20121$62.8m

Where Brave Warrior Advisors (Glenn Greenberg) was early

14 rows
SCHW SCHWAB CHARLES CORPQ3 20127 of 221100%100%37Exited by Q2 2023+310%
HAL HALLIBURTON COQ1 20138 of 18222.2%22.2%13Exited by Q3 2016+12%
PRI PRIMERICA INCQ2 20132 of 1025.8%11.5%53Held at last filing, Q2 2026+659%
ORCL ORACLE CORPQ2 201314 of 2568.7%12.9%5Exited by Q3 2014+32%
MSFT MICROSOFT CORPQ3 201311 of 3745.9%8.8%24Held at last filing, Q2 2026+1021%
JPM JPMORGAN CHASE & COQ3 201418 of 2318.1%13.6%48Held at last filing, Q2 2026+443%
KMI KINDER MORGAN INC DELQ4 20148 of 1726.2%6.2%2Exited by Q2 2015−0.6%
AR ANTERO RESOURCES CORPQ2 20153 of 1931.9%13.5%21Exited by Q2 2021−70%
BFH ALLIANCE DATA SYSTEMS CORPQ2 201710 of 13310.6%17.9%8Exited by Q2 2019−32%
RJF RAYMOND JAMES FINL INCQ3 20185 of 1108.1%11.3%22Exited by Q1 2024+82%
AM ANTERO MIDSTREAM CORPQ1 20193 of 1020.4%2.0%30Held at last filing, Q2 2026+65%
APO APOLLO GLOBAL MGMT INCQ1 20225 of 19810.7%16.0%12Exited by Q2 2026+80%
FG F&G ANNUITIES & LIFE INCQ4 20221 of 753.8%6.8%15Held at last filing, Q2 2026+33%
MRP MILLROSE PPTYS INCQ1 20254 of 774.8%6.0%6Held at last filing, Q2 2026+13%

Concentration and tenure

17.7%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
92.6%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
3
Median completed holding, quarters