13F filing recap · Q2 2017

What did Brave Warrior Advisors buy in Q2 2017?

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

Stock value

$2.26B

Positions

Estimated turnover

35.3%

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

BFHBread Financial Holdings, Inc.$240.95Mreported value+938.7K shares QQuintiles Ims Holdings Inc$141.55Mreported value+1.58M shares SERVServicemaster Global Holdings Inc.$75.40Mreported value+1.92M shares

Increased positions

ARAntero Resources Corporation$247.65Mreported value+866.1K shares+8.2%LBTYKLiberty Global Ltd.$210.11Mreported value+5.2K shares+0.1%

Reduced positions

SCHWSchwab Charles Corp$313.72Mreported value-349.3K shares-4.6%HCAHCA Healthcare, Inc.$268.61Mreported value-17.6K shares-0.6%BAMBrookfield Corporation$183.93Mreported value-1.95M shares-29.3%JPMJPMorgan Chase & Co$153.29Mreported value-14.9K shares

Exited positions

ESRXExpress Scripts Holding Co$93.18Mprior reported value-1.41M shares-100.0%LILAKLiberty Global Ltd.$42.21Mprior reported value-1.83M shares-100.0%LBTYALiberty Global Ltd.$3.38Mprior reported value-151.9K shares-100.0%TAT&T Inc.$208.0Kprior reported value-5.0K shares