13F filing recap · Q1 2022

What did Brave Warrior Advisors buy in Q1 2022?

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

Stock value

$3.39B

Positions

Estimated turnover

50.3%

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.$362.80Mreported value+5.85M shares LADLithia Motors, Inc.$265.64Mreported value+885.1K shares DHID.r. Horton, Inc.$114.20Mreported value+1.53M shares URIUnited Rentals, Inc.$87.53Mreported value+246.4K shares LENLennar Corp /new/$58.10Mreported value+715.8K shares

Increased positions

FNFFidelity National Financial, Inc.$446.75Mreported value+507.2K shares+5.9%PRIPrimerica, Inc.$288.36Mreported value+178.5K shares+9.3%VVVValvoline Inc.$251.89Mreported value+485.5K shares+6.5%RJFRaymond James Financial Inc$247.73Mreported value+21.4K shares

Reduced positions

ELVElevance Health, Inc.$664.74Mreported value-12.5K shares-0.9%PGRProgressive Corp/oh/$195.41Mreported value-528.2K shares-23.6%AMAntero Midstream Corporation$25.85Mreported value-25.6K shares-1.1%UNHUnitedHealth Group Incorporated$1.81Mreported value-218.1K shares

Exited positions

APOApollo Global Management, Inc.$242.36Mprior reported value-3.35M shares-100.0%BRK.BBerkshire Hathaway Inc$200.89Mprior reported value-671.9K shares-100.0%ATHAthene Holding Ltd$45.53Mprior reported value-546.3K shares-100.0%AONAon Plc$821.0Kprior reported value-2.7K shares