Brave Warrior Advisors

Q3 2022 13F · by Glenn Greenberg, portfolio manager

As of: Sep 30, 2022
Filed: Nov 14, 2022
US stock: $2.9B · prev $2.9B
Positions: 25 · prev 23
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves17 since the prior filing

+3.4 pp in · −3.4 pp out

New 2 +1.06 pp
Added 8 +2.34 pp
Trimmed 7 −3.37 pp
Exited 0 0.00 pp

The book

Very concentrated · behaves like 10 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 9.0% a year, about 11.1 years per position

Low
Moderate
High

Top 5 positions61% of US stock

ELV Elevance Health, Inc. trimmed−1.39 pp trimmed−1.3918.7%
APO Apollo Global Management, Inc. added+0.26 pp added+0.2612.6%
FNF Fidelity National Financial, Inc. added+0.18 pp added+0.1811.8%
PRI Primerica, Inc. trimmed+0.34 pp trimmed+0.349.4%
LAD Lithia Motors, Inc. added−0.92 pp added−0.928.4%

Positions25 in this filing · 0 exited


ELVElevance Health, Inc.	18.68%	1,189,871	$540M	trimmed−2%	−1.39 pp	13 q
APOApollo Global Management, Inc.	12.62%	7,849,515	$365M	added+6%	+0.26 pp	3 q
FNFFidelity National Financial, Inc.	11.75%	9,389,250	$340M	added+3%	+0.18 pp	6 q
PRIPrimerica, Inc.	9.38%	2,199,229	$271M	trimmed−0%	+0.34 pp	38 q
LADLithia Motors, Inc.	8.43%	1,136,208	$244M	added+15%	−0.92 pp	3 q
RJFRaymond James Financial, Inc.	7.65%	2,238,425	$221M	trimmed−0%	+0.76 pp	17 q
JPMJPMorgan Chase & Co.	6.27%	1,735,301	$181M	trimmed−0%	−0.45 pp	33 q
OMFOneMain Holdings, Inc.	5.49%	5,381,093	$159M	added+86%	+1.78 pp	2 q
VVVValvoline Inc.	4.78%	5,451,901	$138M	trimmed−28%	−2.71 pp	7 q
URIUnited Rentals, Inc.	4.22%	451,639	$122M	added0%	+0.45 pp	3 q
DHID.R. Horton Inc.	3.77%	1,621,062	$109M	trimmed−0%	+0.07 pp	3 q
HCAHCA Healthcare, Inc.	2.67%	420,871	$77M	added0%	+0.25 pp	11 q
LENLennar Corporation Class A	2.31%	897,919	$67M	added+11%	+0.34 pp	3 q
ABGAsbury Automotive Group, Inc.	1.05%	200,447	$30M	new	+1.05 pp	new
AMAntero Midstream Corporation	0.75%	2,350,819	$22M	trimmed−1%	+0.01 pp	15 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.04%	2,466	$1M	held	—	12 q
CMCSAComcast Corp	0.03%	31,094	$912,000	held	—	36 q
MCOMoody's Corporation	0.03%	3,129	$761,000	held	—	17 q
GOOGAlphabet Inc. Class C	0.02%	6,900	$663,000	held	—	17 q
GOOGLAlphabet Inc. Class A	0.02%	5,600	$536,000	held	—	20 q
BACBank of America Corporation	0.02%	14,532	$439,000	held	—	36 q
AMZNAmazon.Com Inc	0.01%	1,900	$215,000	held	—	9 q
FAFFirst American Financial Corporation	0.01%	5,500	$254,000	added+38%	0.00 pp	5 q
PGRProgressive Corporation	0.01%	1,746	$203,000	held	—	12 q
PHMPultegroup, Inc.	0.01%	6,200	$232,000	new	+0.01 pp	new

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001172661-22-002587
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

Search