13F filing recap · Q1 2025

What did Brave Warrior Advisors buy in Q1 2025?

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

Stock value

$4.37B

Positions

Estimated turnover

32.1%

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 SLM Corp, Millrose Properties, and Builders FirstSource. The firm substantially trimmed Discover Financial Services and Fidelity National Financial, and moderately reduced Autonation. It added to Lennar Corp, substantially increased D.R. Horton, and dramatically boosted its Capital One Financial stake.

New positions

SLMSlm Corp$277.70Mreported value+9.46M shares MRPMillrose Properties, Inc.$210.99Mreported value+7.96M shares BLDRBuilders Firstsource, Inc.$155.12Mreported value+1.24M shares VVisa Inc.$216.6Kreported value+618 shares SPGIS&P Global Inc.$203.7Kreported value+401 shares

Increased positions

LENLennar Corp /new/$251.32Mreported value+415.2K shares+23.4%DHID.r. Horton, Inc.$149.38Mreported value+393.5K shares+50.3%COFCapital One Financial Corp$113.24Mreported value+630.1K shares+42003.5%ICLRICON PLC$875.0Kreported value+2.0K shares

Reduced positions

ELVElevance Health, Inc.$686.18Mreported value-52.4K shares-3.2%SNXTD Synnex Corporation$423.79Mreported value-70.7K shares-1.7%OMFOnemain Holdings, Inc.$358.96Mreported value-94.0K shares-1.3%DFSDiscover Financial Services$274.64Mreported value-915.1K shares