13F filing recap · Q3 2020

What did Brave Warrior Advisors buy in Q3 2020?

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

Stock value

$2.24B

Positions

Estimated turnover

44.9%

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

AONAon Plc$273.05Mreported value+1.32M shares CACCCredit Acceptance Corp$48.02Mreported value+141.8K shares CDKCdk Global, Inc.$342.0Kreported value+7.8K shares AMZNAmazon.com Inc$217.0Kreported value+69 shares

Increased positions

JPMJPMorgan Chase & Co$216.14Mreported value+254.0K shares+12.8%PRIPrimerica, Inc.$189.28Mreported value+115.8K shares+7.4%SCHWSchwab Charles Corp$92.77Mreported value+1.12M shares+78.1%DLTRDollar Tree, Inc.$91.55Mreported value+991.0K shares

Reduced positions

BRK.BBerkshire Hathaway Inc$309.32Mreported value-611.6K shares-29.6%ELVElevance Health, Inc.$205.18Mreported value-7.5K shares-1.0%HCAHCA Healthcare, Inc.$204.20Mreported value-27.0K shares-1.6%PGRProgressive Corp/oh/$156.73Mreported value-114.7K shares

Exited positions

LENLennar Corp /new/$74.45Mprior reported value-1.21M shares-100.0%DHID.r. Horton, Inc.$73.45Mprior reported value-1.32M shares-100.0%