Glenn Greenberg Brave Warrior Advisors
Glenn Greenberg is the founder of Brave Warrior Advisors, a concentrated equity firm that evolved from earlier vehicles including Chieftain Capital. He is known for in-depth research, relatively few holdings, and a focus on businesses with strong competitive positions. Greenberg’s portfolio disclosures attract investors who follow classic fundamental concentration.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
KMR
KINDER MORGAN MANAGEMENT LLC
KMR
|
+$103M |
| 2 |
Oracle
ORCL
|
+$27.8M |
| 3 |
Microsoft
MSFT
|
+$871K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CMCSK
COMCAST CORP SPL A (NEW)
CMCSK
|
+$91.3M |
| 2 |
Bausch Health
BHC
|
+$71.2M |
| 3 |
Halliburton
HAL
|
+$35.9M |
| 4 |
ESRX
Express Scripts Holding Company
ESRX
|
+$30.9M |
| 5 |
ONE
HIGHER ONE HOLDINGS, INC COM STK
ONE
|
+$22.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 40.56% |
| 2 | Technology | 19.5% |
| 3 | Energy | 19.18% |
| 4 | Financials | 14.4% |
| 5 | Industrials | 6.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Bausch Health
BHC
$2.41B
| $737M | 29.8% |
5,592,558
-520,669
| -9% | -$71.2M |
|
|
2
Oracle
ORCL
$422B
| $319M | 12.9% |
7,801,188
+730,575
| +10% | +$27.8M |
|
|
ESRX
3
DELISTED
Express Scripts Holding Company
ESRX
| $266M | 10.76% |
3,546,006
-412,381
| -10% | -$30.9M |
|
|
4
Halliburton
HAL
$29.4B
| $240M | 9.7% |
4,074,491
-673,022
| -14% | -$35.9M |
|
|
KMR
5
DELISTED
KINDER MORGAN MANAGEMENT LLC
KMR
| $234M | 9.44% |
3,427,191
+1,477,226
| +76% | +$103M |
|
|
SCHW
6
Charles Schwab
SCHW
$194B
| $197M | 7.96% |
7,208,932
-745,336
| -9% | -$19.5M |
|
|
7
Microsoft
MSFT
$3.59T
| $163M | 6.6% |
3,984,111
+23,218
| +0.6% | +$871K |
|
8
Primerica
PRI
$9.1B
| $159M | 6.43% |
3,376,231
-13,530
| -0.4% | -$601K |
|
9
Cimpress
CMPR
$2.13B
| $156M | 6.32% |
3,177,660
-11,645
| -0.4% | -$590K |
|
10
Tidewater
TDW
$4.74B
| $954K | 0.04% |
608
| – | – |
|
11
Comcast
CMCSA
$95.3B
| $778K | 0.03% |
31,094
| – | – |
|
12
Bank of America
BAC
$431B
| $250K | 0.01% |
14,532
| – | – |
|
|
CMCSK
13
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
| – | – |
-1,830,521
| Closed | -$91.3M |
|
|
ONE
14
DELISTED
HIGHER ONE HOLDINGS, INC COM STK
ONE
| – | – |
-2,294,480
| Closed | -$22.4M |
|
Similar funds
Glenn Greenberg's Q1 2014 Portfolio in Review
As of Q1 2014, Glenn Greenberg held 14 positions worth $2.47B, up 1.3% from $2.44B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Glenn Greenberg withdrew a net $141M in Q1 2014, closing 2 positions and reducing 6 holdings. Its most notable exit was COMCAST CORP SPL A (NEW), an estimated $91.3M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 41% of assets, down from 41% a quarter earlier, followed by Technology and Energy.
Against the trend, Glenn Greenberg added an estimated $103M to KINDER MORGAN MANAGEMENT LLC.
- Glenn Greenberg added most to KINDER MORGAN MANAGEMENT LLC in Q1 2014, an estimated $103M increase.
- Glenn Greenberg's biggest Q1 2014 reduction was Bausch Health, cutting an estimated $71.2M.
- Glenn Greenberg fully exited COMCAST CORP SPL A (NEW) in Q1 2014, selling an estimated $91.3M.
- Glenn Greenberg's ten largest holdings make up 100% of its $2.47B portfolio in Q1 2014.
- Glenn Greenberg opened 0 new positions and closed 2 in Q1 2014.
- Glenn Greenberg's portfolio value rose 1.3% quarter-over-quarter to $2.47B.
Based on Brave Warrior Advisors's 13F filing for Q1 2014, filed 15 May 2014.