13F filing recap · Q4 2017

What did Brave Warrior Advisors buy in Q4 2017?

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

Stock value

$2.35B

Positions

Estimated turnover

29.4%

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

GOOGLAlphabet Inc.$254.19Mreported value+241.3K shares IQVIqvia Holdings Inc.$47.27Mreported value+482.9K shares ESRXExpress Scripts Holding Co$528.0Kreported value+7.1K shares

Increased positions

BFHBread Financial Holdings, Inc.$419.95Mreported value+267.7K shares+19.3%LBTYKLiberty Global Ltd.$236.52Mreported value+18.7K shares+0.3%

Reduced positions

SCHWSchwab Charles Corp$324.67Mreported value-823.1K shares-11.5%HCAHCA Healthcare, Inc.$255.24Mreported value-12.5K shares-0.4%ARAntero Resources Corporation$209.84Mreported value-128.5K shares-1.2%JPMJPMorgan Chase & Co$193.68Mreported value-212.2K shares

Exited positions

AXTAAxalta Coating Systems Ltd.$108.87Mprior reported value-3.76M shares-100.0%QQuintiles Ims Holdings Inc$90.33Mprior reported value-950.1K shares-100.0%