WhaleCreep

Brave Warrior Advisors (Glenn Greenberg) 13F holdings, Q1 2023

Long-only investorSEC filingsCompare with another fundHoldings as of 2023-03-31, filed 2023-05-15

Brave Warrior Advisors (Glenn Greenberg) disclosed 28 US equity positions worth $3.2bn in its Q1 2023 13F filing. Its largest position is APO at 15.5% of the reported book, followed by ELV and PRI. Versus Q4 2022 it opened 3 new positions, added to 5, reduced 8 and exited 1.

$3.2bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
28
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
15.5%
Largest position
The largest single position as a share of the reported equity book.
89.1%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
10
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 Q4 2022: 3 new, 5 added, 8 reduced, 1 exited

28 rows
APO APOLLO GLOBAL MGMT INCFinancial Services15.5%$500m7.91m−0.3%held
ELV ELEVANCE HEALTH INCHealthcare15.4%$499m1.08m+24%added
PRI PRIMERICA INCFinancial Services11.5%$371m2.15m−0.4%held
FNF FIDELITY NATIONAL FINANCIALFinancial Services9.8%$317m9.09m−1.5%reduced
LAD LITHIA MTRS INCConsumer Cyclical7.6%$245m1.07m−1.3%reduced
JPM JPMORGAN CHASE & COFinancial Services6.8%$221m1.70m−0.7%reduced
RJF RAYMOND JAMES FINANCIAL INCFinancial Services6.3%$203m2.18m−0.5%reduced
OMF ONEMAIN HLDGS INCFinancial Services6.1%$196m5.29m−0.4%held
URI UNITED RENTALS INCIndustrials5.4%$174m440,771−0.4%held
DHI D R HORTON INCConsumer Cyclical4.8%$154m1.58m−0.6%reduced
FG F&G ANNUITIES & LIFE INCFinancial Services3.8%$124m6.83m+13%added
LEN LENNAR CORPConsumer Cyclical2.8%$92.0m874,890−0.4%held
ABG ASBURY AUTOMOTIVE GROUP INCConsumer Cyclical1.8%$58.2m276,935−0.3%held
AN AUTONATION INCConsumer Cyclical1.0%$33.6m250,280+8.6%added
AM ANTERO MIDSTREAM CORPEnergy0.7%$23.6m2.25m−1.9%reduced
HCA HCA HEALTHCARE INCHealthcare0.3%$10.2m38,652−91%reduced
FAF FIRST AMERN FINL CORPFinancial Services0.08%$2.7m47,900+539%added
GOOGL ALPHABET INCCommunication Services0.07%$2.4m23,088+75%added
CMCSA COMCAST CORP NEWCommunication Services0.04%$1.2m31,0940.0%held
BC BRUNSWICK CORPConsumer Cyclical0.03%$1.0m12,328–new
MCO MOODYS CORPFinancial Services0.03%$964k3,1500.0%held
GOOG ALPHABET INCCommunication Services0.03%$848k8,1500.0%held
UNH UNITEDHEALTH GROUP INCHealthcare0.02%$523k1,106−8.3%reduced
MSFT MICROSOFT CORPTechnology0.02%$490k1,7000.0%held
BAC BANK OF AMER CORPFinancial Services0.01%$416k14,5320.0%held
AMZN AMAZON COM INCConsumer Cyclical0.01%$331k3,200–new
SCHW SCHWAB CHARLES CORPFinancial Services0.01%$275k5,250–new
PGR PROGRESSIVE CORPFinancial Services0.01%$250k1,7460.0%held

Exited since Q4 2022

1 row
META META PLATFORMS INC0.01%$221k

Sector mix

  • Financial Services59.9%
  • Consumer Cyclical18.1%
  • Healthcare15.8%
  • Industrials5.4%
  • Energy0.7%
  • Communication Services0.1%
  • Technology0.02%

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