13F filing recap · Q3 2021

What did Brave Warrior Advisors buy in Q3 2021?

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

Stock value

$2.86B

Positions

Estimated turnover

33.3%

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

APOApollo Global Management, Inc.$154.41Mreported value+2.51M shares ATHAthene Holding Ltd$29.64Mreported value+430.3K shares FAFFirst American Financial Corporation$268.0Kreported value+4.0K shares

Increased positions

ELVElevance Health, Inc.$511.21Mreported value+225.8K shares+19.7%FNFFidelity National Financial, Inc.$398.65Mreported value+2.51M shares+39.9%PRIPrimerica, Inc.$292.13Mreported value+28.6K shares+1.5%VVVValvoline Inc.$237.53Mreported value+33.1K shares

Reduced positions

JPMJPMorgan Chase & Co$273.71Mreported value-175.2K shares-9.5%PGRProgressive Corp/oh/$206.34Mreported value-65.2K shares-2.8%BRK.BBerkshire Hathaway Inc$187.09Mreported value-11.0K shares-1.6%HCAHCA Healthcare, Inc.$150.34Mreported value-162.8K shares

Exited positions

DLTRDollar Tree, Inc.$94.46Mprior reported value-949.4K shares-100.0%8DTSquarespace Inc.$356.0Kprior reported value-6.0K shares-100.0%MAMastercard Inc$204.0Kprior reported value-558 shares-100.0%