Glenn Greenberg - Brave Warrior Advisors 13F Activity & Position Changes (Q1 2025)

According to the SEC 13F filed on May 15, 2025, the Brave Warrior Advisors portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2025, the filing reported:

New Buys - Builders FirstSource, Inc., Millrose Properties, SLM Corporation, S&P Global Inc., Visa Inc.

Increases - Capital One Financial Corporati, D.R. Horton, Inc., ICON, Lennar Corporation

Reductions - Antero Midstream Corporation, AutoNation, Inc., Discover Financial Services, Elevance Health, Inc., F&G Annuities & Life, Inc., and 8 more

Complete Exits - None reported

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2025	AM Antero Midstream Corporation	Antero Midstream Corporation	Sell	-14,312	-0.7%	$34.53M	1,918,528
Q1 2025	AN AutoNation, Inc.	AutoNation, Inc.	Sell	-331,158	-22.7%	$182.98M	1,130,055
Q1 2025	BLDR Builders FirstSource, Inc.	Builders FirstSource, Inc.	Buy - Position Entry	+1,241,578	-	$155.12M	1,241,578
Q1 2025	COF Capital One Financial Corporati	Capital One Financial Corporati	Buy	+630,053	+42003.5%	$113.24M	631,553
Q1 2025	DFS Discover Financial Services	Discover Financial Services	Sell	-915,085	-36.3%	$274.64M	1,608,880
Q1 2025	DHI D.R. Horton, Inc.	D.R. Horton, Inc.	Buy	+393,470	+50.3%	$149.38M	1,174,997
Q1 2025	ELV Elevance Health, Inc.	Elevance Health, Inc.	Sell	-52,407	-3.2%	$686.18M	1,577,570
Q1 2025	FG F&G Annuities & Life, Inc.	F&G Annuities & Life, Inc.	Sell	-111,278	-2.1%	$190.67M	5,289,163
Q1 2025	FNF FNF Group of Fidelity National	FNF Group of Fidelity National	Sell	-2,439,170	-40.8%	$229.99M	3,533,961
Q1 2025	HCA HCA Healthcare, Inc.	HCA Healthcare, Inc.	Sell	-1,450	-43.0%	$664.49K	1,923
Q1 2025	ICLR ICON	ICON	Buy	+2,000	+66.7%	$874.95K	5,000
Q1 2025	LAD Lithia Motors, Inc.	Lithia Motors, Inc.	Sell	-230,677	-37.7%	$112.10M	381,889
Q1 2025	LEN Lennar Corporation	Lennar Corporation	Buy	+415,218	+23.4%	$251.32M	2,189,608
Q1 2025	MPLX MPLX LP	MPLX LP	Sell	-54,068	-1.2%	$233.57M	4,364,086
Q1 2025	MRP Millrose Properties	Millrose Properties	Buy - Position Entry	+7,958,813	-	$210.99M	7,958,813
Q1 2025	OMF OneMain Holdings, Inc.	OneMain Holdings, Inc.	Sell	-94,034	-1.3%	$358.96M	7,343,636
Q1 2025	PRI Primerica, Inc.	Primerica, Inc.	Sell	-19,210	-2.2%	$237.48M	834,654
Q1 2025	RYAAY Ryanair Holdings plc	Ryanair Holdings plc	Sell	-127,369	-2.3%	$232.06M	5,476,889
Q1 2025	SLM SLM Corporation	SLM Corporation	Buy - Position Entry	+9,455,374	-	$277.70M	9,455,374
Q1 2025	SNX TD SYNNEX Corporation	TD SYNNEX Corporation	Sell	-70,706	-1.7%	$423.79M	4,076,466
Q1 2025	SPGI S&P Global Inc.	S&P Global Inc.	Buy - Position Entry	+401	-	$203.75K	401
Q1 2025	V Visa Inc.	Visa Inc.	Buy - Position Entry	+618	-	$216.58K	618