13F filing recap · Q4 2016

What did Brave Warrior Advisors buy in Q4 2016?

Reported stock-position changes between this filing and the previous one.

Stock value

$2.10B

Positions

Estimated turnover

34.4%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

ESRXExpress Scripts Holding Co$129.97Mreported value+1.89M shares QRTEALiberty Ventures Series A$2.02Mreported value+54.8K shares

Increased positions

HCAHCA Healthcare, Inc.$267.79Mreported value+1.12M shares+44.8%ARAntero Resources Corporation$228.16Mreported value+430.6K shares+4.7%BAMBrookfield Corporation$220.63Mreported value+148.5K shares+2.3%LBTYKLiberty Global Ltd.$200.81Mreported value+108.2K shares

Reduced positions

SCHWSchwab Charles Corp$323.85Mreported value-961.9K shares-10.5%JPMJPMorgan Chase & Co$220.91Mreported value-139.1K shares-5.2%STSensata Technologies Holding Plc$115.80Mreported value-112.3K shares-3.6%PRIPrimerica, Inc.$111.20Mreported value-1.12M shares