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

As of Mar 31, 2025, the Brave Warrior Advisors portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 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