Glenn Greenberg - Brave Warrior Advisors 13F Activity & Position Changes (Q3 2025)

According to the SEC 13F filed on Nov 14, 2025, the Brave Warrior Advisors portfolio showed several notable changes in holdings as of quarter-end Sep 30, 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 Q3 2025, the filing reported:

New Buys - Kinetik Holdings Inc.

Increases - Elevance Health, Inc., FNF Group of Fidelity National , MPLX LP, SLM Corporation

Reductions - Antero Midstream Corporation, AutoNation, Inc., Builders FirstSource, Inc., Capital One Financial Corporati, D.R. Horton, Inc., and 8 more

Complete Exits - S&P Global Inc., Texas Instruments Incorporated, UnitedHealth Group Incorporated

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
Q3 2025	AM Antero Midstream Corporation	Antero Midstream Corporation	Sell	-32,446	-1.7%	$36.26M	1,865,330
Q3 2025	AN AutoNation, Inc.	AutoNation, Inc.	Sell	-467	-0.0%	$265.60M	1,214,043
Q3 2025	BLDR Builders FirstSource, Inc.	Builders FirstSource, Inc.	Sell	-21,880	-1.2%	$218.90M	1,805,381
Q3 2025	COF Capital One Financial Corporati	Capital One Financial Corporati	Sell	-868,261	-47.4%	$205.08M	964,730
Q3 2025	DHI D.R. Horton, Inc.	D.R. Horton, Inc.	Sell	-447,591	-38.7%	$120.10M	708,681
Q3 2025	ELV Elevance Health, Inc.	Elevance Health, Inc.	Buy	+724,349	+65.3%	$592.60M	1,834,002
Q3 2025	FG F&G Annuities & Life, Inc.	F&G Annuities & Life, Inc.	Sell	-3,788	-0.1%	$163.20M	5,218,977
Q3 2025	FNF FNF Group of Fidelity National	FNF Group of Fidelity National	Buy	+2,156	+0.1%	$211.07M	3,489,314
Q3 2025	ICLR ICON	ICON	Sell	-2,000	-40.0%	$525.00K	3,000
Q3 2025	KNTK Kinetik Holdings Inc.	Kinetik Holdings Inc.	Buy - Position Entry	+1,608,928	-	$68.77M	1,608,928
Q3 2025	LEN Lennar Corporation	Lennar Corporation	Sell	-151,621	-7.0%	$252.77M	2,005,506
Q3 2025	MPLX MPLX LP	MPLX LP	Buy	+192,441	+4.5%	$223.15M	4,467,474
Q3 2025	MRP Millrose Properties	Millrose Properties	Sell	-2,486,098	-31.6%	$180.67M	5,375,592
Q3 2025	OMF OneMain Holdings, Inc.	OneMain Holdings, Inc.	Sell	-75,815	-1.0%	$440.06M	7,794,270
Q3 2025	PRI Primerica, Inc.	Primerica, Inc.	Sell	-71,003	-8.6%	$209.02M	752,989
Q3 2025	RYAAY Ryanair Holdings plc	Ryanair Holdings plc	Sell	-1,294,843	-24.1%	$245.95M	4,084,246
Q3 2025	SLM SLM Corporation	SLM Corporation	Buy	+1,118,513	+10.6%	$322.73M	11,659,418
Q3 2025	SNX TD SYNNEX Corporation	TD SYNNEX Corporation	Sell	-493,258	-13.1%	$536.33M	3,275,293
Q3 2025	SPGI S&P Global Inc.	S&P Global Inc.	Sell - Position Exit	-401	-100.0%	$0.00	-
Q3 2025	TXN Texas Instruments Incorporated	Texas Instruments Incorporated	Sell - Position Exit	-1,010	-100.0%	$0.00	-
Q3 2025	UNH UnitedHealth Group Incorporated	UnitedHealth Group Incorporated	Sell - Position Exit	-1,499	-100.0%	$0.00	-