13F filing recap · Q2 2021

What did Brave Warrior Advisors buy in Q2 2021?

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

Stock value

$2.91B

Positions

Estimated turnover

29.3%

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

FNFFidelity National Financial, Inc.$273.22Mreported value+6.29M shares 8DTSquarespace Inc.$356.0Kreported value+6.0K shares MAMastercard Inc$204.0Kreported value+558 shares

Reduced positions

ELVElevance Health, Inc.$437.32Mreported value-18.3K shares-1.6%AONAon Plc$298.55Mreported value-278.7K shares-18.2%JPMJPMorgan Chase & Co$287.33Mreported value-334.9K shares-15.3%PRIPrimerica, Inc.$286.83Mreported value-15.6K shares

Exited positions

RYAAYRyanair Holdings Plc$23.37Mprior reported value-203.2K shares-100.0%ARAntero Resources Corporation$15.30Mprior reported value-1.50M shares-100.0%CACCCredit Acceptance Corp$1.28Mprior reported value-3.5K shares-100.0%