13F filing recap · Q2 2018

What did Brave Warrior Advisors buy in Q2 2018?

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

Stock value

$2.44B

Positions

Estimated turnover

16.3%

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

ESRXExpress Scripts Holding Co$96.48Mreported value+1.25M shares

Increased positions

BFHBread Financial Holdings, Inc.$403.65Mreported value+7.0K shares+0.4%GOOGLAlphabet Inc.$347.14Mreported value+38.0K shares+14.1%LBTYKLiberty Global Ltd.$232.24Mreported value+2.31M shares+35.9%JPMJPMorgan Chase & Co$186.15Mreported value+296.5K shares

Reduced positions

SCHWSchwab Charles Corp$298.35Mreported value-36.9K shares-0.6%HCAHCA Healthcare, Inc.$278.08Mreported value-12.0K shares-0.4%ARAntero Resources Corporation$232.96Mreported value-77.3K shares-0.7%NLSNNielsen Holdings Plc$201.88Mreported value-915.4K shares

Exited positions

BAMBrookfield Corporation$99.74Mprior reported value-2.56M shares-100.0%