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 |
Halliburton
HAL
|
+$202M |
| 2 |
Kinder Morgan
KMI
|
+$165M |
| 3 |
JPMorgan Chase
JPM
|
+$31.4M |
| 4 |
Equinix
EQIX
|
+$27.2M |
| 5 |
BHI
Baker Hughes
BHI
|
+$20.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KMR
KINDER MORGAN MANAGEMENT LLC
KMR
|
+$226M |
| 2 |
Cimpress
CMPR
|
+$113M |
| 3 |
ESRX
Express Scripts Holding Company
ESRX
|
+$69.9M |
| 4 |
Bausch Health
BHC
|
+$61.9M |
| 5 |
Primerica
PRI
|
+$50.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 42.58% |
| 2 | Financials | 22.42% |
| 3 | Energy | 12.58% |
| 4 | Technology | 8.28% |
| 5 | Industrials | 7.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Bausch Health
BHC
$2.41B
| $877M | 30.53% |
6,126,609
-459,973
| -7% | -$61.9M |
|
|
ESRX
2
DELISTED
Express Scripts Holding Company
ESRX
| $346M | 12.05% |
4,088,652
-894,074
| -18% | -$69.9M |
|
|
3
JPMorgan Chase
JPM
$935B
| $260M | 9.07% |
4,162,430
+520,980
| +14% | +$31.4M |
|
|
SCHW
4
Charles Schwab
SCHW
$194B
| $256M | 8.91% |
8,474,710
+130,658
| +2% | +$3.71M |
|
5
Microsoft
MSFT
$3.59T
| $238M | 8.28% |
5,120,165
+286,218
| +6% | +$13.4M |
|
|
6
Cimpress
CMPR
$2.13B
| $212M | 7.38% |
2,833,719
-1,746,406
| -38% | -$113M |
|
|
7
Equinix
EQIX
$105B
| $193M | 6.73% |
852,434
+125,597
| +17% | +$27.2M |
|
|
8
Kinder Morgan
KMI
$69B
| $177M | 6.18% |
+4,193,877
| New | +$165M |
|
|
9
Halliburton
HAL
$29.4B
| $163M | 5.67% |
+4,141,241
| New | +$202M |
|
|
10
Primerica
PRI
$9.1B
| $127M | 4.43% |
2,344,940
-986,330
| -30% | -$50.3M |
|
|
BHI
11
DELISTED
Baker Hughes
BHI
| $20.2M | 0.7% |
+361,063
| New | +$20.4M |
|
12
Comcast
CMCSA
$95.3B
| $902K | 0.03% |
31,094
| – | – |
|
13
Tidewater
TDW
$4.74B
| $636K | 0.02% |
608
| – | – |
|
14
Bank of America
BAC
$431B
| $260K | 0.01% |
14,532
| – | – |
|
|
KMR
15
DELISTED
KINDER MORGAN MANAGEMENT LLC
KMR
| – | – |
-2,434,775
| Closed | -$226M |
|
Similar funds
Glenn Greenberg's Q4 2014 Portfolio in Review
As of Q4 2014, Glenn Greenberg held 15 positions worth $2.87B, up 6.4% from $2.7B the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Glenn Greenberg's Q4 2014 filing shows 3 new, 4 increased, 4 reduced and 1 closed positions. Its largest new stake was Halliburton: 4,141,241 shares worth $163M. The largest sale was KINDER MORGAN MANAGEMENT LLC, an estimated $226M.
By sector, the portfolio is most concentrated in Healthcare at 43% of assets, down from 45% a quarter earlier, followed by Financials and Energy.
- Glenn Greenberg's largest Q4 2014 buy was Halliburton: 4,141,241 shares worth $163M.
- Glenn Greenberg added most to JPMorgan Chase in Q4 2014, an estimated $31.4M increase.
- Glenn Greenberg's biggest Q4 2014 reduction was Cimpress, cutting an estimated $113M.
- Glenn Greenberg fully exited KINDER MORGAN MANAGEMENT LLC in Q4 2014, selling an estimated $226M.
- Glenn Greenberg's ten largest holdings make up 99% of its $2.87B portfolio in Q4 2014.
- Glenn Greenberg opened 3 new positions and closed 1 in Q4 2014.
- Glenn Greenberg's portfolio value rose 6.4% quarter-over-quarter to $2.87B.
Based on Brave Warrior Advisors's 13F filing for Q4 2014, filed 17 Feb 2015.