WhaleCreep

Brave Warrior Advisors (Glenn Greenberg) 13F holdings, Q4 2022

Long-only investorSEC filingsCompare with another fundHoldings as of 2022-12-31, filed 2023-02-14

Brave Warrior Advisors (Glenn Greenberg) disclosed 26 US equity positions worth $3.2bn in its Q4 2022 13F filing. Its largest position is APO at 16.0% of the reported book, followed by ELV and FNF. Versus Q3 2022 it opened 4 new positions, added to 6, reduced 13 and exited 3.

$3.2bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
26
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
16.0%
Largest position
The largest single position as a share of the reported equity book.
87.2%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
11
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 Q3 2022: 4 new, 6 added, 13 reduced, 3 exited

26 rows
APO APOLLO GLOBAL MGMT INCFinancial Services16.0%$506m7.94m+1.1%added
ELV ELEVANCE HEALTH INCHealthcare14.1%$448m872,415−27%reduced
FNF FIDELITY NATIONAL FINANCIALFinancial Services10.9%$347m9.22m−1.8%reduced
PRI PRIMERICA INCFinancial Services9.7%$306m2.16m−1.8%reduced
RJF RAYMOND JAMES FINANCIAL INCFinancial Services7.4%$234m2.19m−2.3%reduced
JPM JPMORGAN CHASE & COFinancial Services7.2%$229m1.71m−1.5%reduced
LAD LITHIA MTRS INCConsumer Cyclical7.0%$222m1.08m−4.6%reduced
OMF ONEMAIN HLDGS INCFinancial Services5.6%$177m5.31m−1.3%reduced
URI UNITED RENTALS INCIndustrials5.0%$157m442,750−2.0%reduced
DHI D R HORTON INCConsumer Cyclical4.5%$142m1.59m−1.9%reduced
FG F&G ANNUITIES & LIFE INCFinancial Services3.8%$121m6.03m–new
HCA HCA HEALTHCARE INCHealthcare3.1%$99.6m415,014−1.4%reduced
LEN LENNAR CORPConsumer Cyclical2.5%$79.5m878,465−2.2%reduced
ABG ASBURY AUTOMOTIVE GROUP INCConsumer Cyclical1.6%$49.8m277,836+39%added
AM ANTERO MIDSTREAM CORPEnergy0.8%$24.8m2.30m−2.3%reduced
AN AUTONATION INCConsumer Cyclical0.8%$24.7m230,468–new
GOOGL ALPHABET INCCommunication Services0.04%$1.2m13,157+135%added
CMCSA COMCAST CORP NEWCommunication Services0.03%$1.1m31,0940.0%held
MCO MOODYS CORPFinancial Services0.03%$878k3,150+0.7%added
GOOG ALPHABET INCCommunication Services0.02%$723k8,150+18%added
UNH UNITEDHEALTH GROUP INCHealthcare0.02%$639k1,206−51%reduced
BAC BANK OF AMER CORPFinancial Services0.02%$481k14,5320.0%held
MSFT MICROSOFT CORPTechnology0.01%$408k1,700–new
FAF FIRST AMERN FINL CORPFinancial Services0.01%$393k7,500+36%added
PGR PROGRESSIVE CORPFinancial Services0.01%$226k1,7460.0%held
META META PLATFORMS INCCommunication Services0.01%$221k1,838–new

Exited since Q3 2022

3 rows
VVV VALVOLINE INC4.8%$138m
PHM PULTE GROUP INC0.01%$232k
AMZN AMAZON COM INC0.01%$215k

Sector mix

  • Financial Services60.6%
  • Healthcare17.3%
  • Consumer Cyclical16.3%
  • Industrials5.0%
  • Energy0.8%
  • Communication Services0.1%
  • Technology0.01%

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