13F filing recap · Q1 2026

What did Brave Warrior Advisors buy in Q1 2026?

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

Stock value

$4.04B

Positions

Estimated turnover

12.4%

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 ICON PLC, Sunbelt Rentals Holdings, Ares Management Corporation, Apollo Global Management, First American Financial Corporation, and Energy Transfer LP. The firm exited S&P Global, US Bancorp, and Visa entirely. It trimmed Elevance Health, Mplx LP, Bank of America, and HCA Healthcare, while adding to Primerica and Microsoft.

New positions

ICLRICON PLC$331.63Mreported value+3.00M shares SUNBSunbelt Rentals Holdings, Inc.$1.55Mreported value+23.8K shares ARESAres Management Corporation$545.5Kreported value+5.0K shares APOApollo Global Management, Inc.$501.4Kreported value+4.5K shares FAFFirst American Financial Corporation$301.4Kreported value+5.0K shares ETEnergy Transfer LP$289.5Kreported value+15.0K shares

Increased positions

SLMSlm Corp$290.84Mreported value+752.4K shares+5.9%PRIPrimerica, Inc.$220.25Mreported value+99.2K shares+12.7%MSFTMicrosoft Corporation$749.6Kreported value+1.5K shares+285.7%PGRProgressive Corp/oh/$354.7Kreported value+43 shares

Reduced positions

SNXTD Synnex Corporation$515.18Mreported value-109.6K shares-3.5%OMFOnemain Holdings, Inc.$412.05Mreported value-36.0K shares-0.5%ELVElevance Health, Inc.$328.56Mreported value-129.5K shares-10.3%ANAutonation, Inc.$302.21Mreported value-5.0K shares

Exited positions

USBUS Bancorp$800.4Kprior reported value-15.0K shares-100.0%VVisa Inc.$216.7Kprior reported value-618 shares-100.0%SPGIS&P Global Inc.$209.6Kprior reported value-401 shares-100.0%