13F filing recap · Q1 2018

What did Brave Warrior Advisors buy in Q1 2018?

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

Stock value

$2.28B

Positions

Estimated turnover

24.1%

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

NLSNNielsen Holdings Plc$236.60Mreported value+7.44M shares

Increased positions

BFHBread Financial Holdings, Inc.$366.96Mreported value+67.2K shares+4.1%GOOGLAlphabet Inc.$279.39Mreported value+28.1K shares+11.6%PRIPrimerica, Inc.$135.16Mreported value+1.6K shares+0.1%

Reduced positions

SCHWSchwab Charles Corp$306.82Mreported value-444.6K shares-7.0%HCAHCA Healthcare, Inc.$264.07Mreported value-183.4K shares-6.3%ARAntero Resources Corporation$218.13Mreported value-55.5K shares-0.5%LBTYKLiberty Global Ltd.$195.39Mreported value-568.5K shares

Exited positions

STSensata Technologies Holding Plc$83.84Mprior reported value-1.64M shares-100.0%IQVIqvia Holdings Inc.$47.27Mprior reported value-482.9K shares-100.0%ESRXExpress Scripts Holding Co$528.0Kprior reported value-7.1K shares-100.0%