13F filing recap · Q3 2024

What did Brave Warrior Advisors buy in Q3 2024?

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

Stock value

$4.82B

Positions

Estimated turnover

16.1%

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.

Quarter in review

Brave Warrior Advisors opened new positions in Dollar Tree, Ally Financial, Moody’s, Texas Instruments, Mastercard, and S&P Global, while exiting Applied Materials. The firm added to TD Synnex, Lennar, and Ryanair, with the Ryanair increase standing out as dramatic. It trimmed Apollo Global Management substantially, and reduced Primerica, Fidelity National Financial, HCA Healthcare, and UnitedHealth Group.

New positions

DLTRDollar Tree, Inc.$501.1Kreported value+7.1K shares ALLYAlly Financial Inc.$355.9Kreported value+10.0K shares MCOMoody’s Corporation$223.5Kreported value+471 shares TXNTexas Instruments Incorporated$208.6Kreported value+1.0K shares MA

Increased positions

ELVElevance Health, Inc.$853.53Mreported value+8.3K shares+0.5%SNXTD Synnex Corporation$443.77Mreported value+373.6K shares+11.2%OMFOnemain Holdings, Inc.$348.42Mreported value+132.0K shares+1.8%LENLennar Corp /new/$333.87Mreported value+195.5K shares

Reduced positions

DFSDiscover Financial Services$484.66Mreported value-6.3K shares-0.2%PRIPrimerica, Inc.$387.16Mreported value-429.8K shares-22.7%FNFFidelity National Financial, Inc.$373.00Mreported value-1.36M shares-18.4%APOApollo Global Management, Inc.$284.48Mreported value-1.50M shares

Exited positions

AMATApplied Materials Inc /de$226.8Kprior reported value-961 shares-100.0%