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 |
Brookfield
BN
|
+$197M |
| 2 |
Antero Resources
AR
|
+$75.2M |
| 3 |
JPM.WS
JPMorgan Chase
JPM.WS
|
+$28.7M |
| 4 |
Primerica
PRI
|
+$27.4M |
| 5 |
Halliburton
HAL
|
+$8.38M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ESRX
Express Scripts Holding Company
ESRX
|
+$153M |
| 2 |
Kinder Morgan
KMI
|
+$125M |
| 3 |
Bausch Health
BHC
|
+$39M |
| 4 |
Cimpress
CMPR
|
+$22.8M |
| 5 |
SCHW
Charles Schwab
SCHW
|
+$13.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 41.03% |
| 2 | Financials | 26.84% |
| 3 | Energy | 9.43% |
| 4 | Technology | 7.94% |
| 5 | Real Estate | 6.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Bausch Health
BHC
$2.41B
| $1.27B | 36.57% |
5,701,010
-176,006
| -3% | -$39M |
|
2
JPMorgan Chase
JPM
$935B
| $330M | 9.54% |
4,873,910
+56,148
| +1% | +$3.67M |
|
|
SCHW
3
Charles Schwab
SCHW
$194B
| $286M | 8.26% |
8,760,395
-431,836
| -5% | -$13.6M |
|
4
Microsoft
MSFT
$3.59T
| $275M | 7.94% |
6,228,032
-1,568
| -0% | -$71.5K |
|
|
5
Halliburton
HAL
$29.4B
| $248M | 7.15% |
5,747,957
+181,853
| +3% | +$8.38M |
|
6
Equinix
EQIX
$105B
| $223M | 6.44% |
877,887
-3,948
| -0.4% | -$1.01M |
|
|
7
Cimpress
CMPR
$2.13B
| $191M | 5.51% |
2,269,248
-266,381
| -11% | -$22.8M |
|
|
8
Brookfield
BN
$93.1B
| $190M | 5.49% |
+15,492,769
| New | +$197M |
|
|
ESRX
9
DELISTED
Express Scripts Holding Company
ESRX
| $155M | 4.47% |
1,739,482
-1,756,057
| -50% | -$153M |
|
|
10
Primerica
PRI
$9.1B
| $123M | 3.56% |
2,695,109
+586,382
| +28% | +$27.4M |
|
|
JPM.WS
11
DELISTED
JPMorgan Chase
JPM.WS
| $95.6M | 2.76% |
3,864,103
+1,179,096
| +44% | +$28.7M |
|
|
12
Antero Resources
AR
$11.7B
| $65.1M | 1.88% |
+1,894,714
| New | +$75.2M |
|
|
BHI
13
DELISTED
Baker Hughes
BHI
| $13.5M | 0.39% |
218,044
-160,200
| -42% | -$10.5M |
|
14
Comcast
CMCSA
$95.3B
| $935K | 0.03% |
31,094
| – | – |
|
|
15
CALL
Bausch Health
BHC
$2.41B
| $555K | 0.02% |
+2,500
| New | +$554K |
|
16
Tidewater
TDW
$4.74B
| $446K | 0.01% |
608
| – | – |
|
17
Bank of America
BAC
$431B
| $247K | 0.01% |
14,532
| – | – |
|
|
18
Kinder Morgan
KMI
$69B
| – | – |
-2,960,671
| Closed | -$125M |
|
Similar funds
Glenn Greenberg's Q2 2015 Portfolio in Review
As of Q2 2015, Glenn Greenberg held 18 positions worth $3.46B, up 5.7% from $3.28B the previous quarter. Its ten largest holdings account for 95% of the portfolio.
Glenn Greenberg's Q2 2015 filing shows 3 new, 4 increased, 7 reduced and 1 closed positions. Its largest new stake was Brookfield: 15,492,769 shares worth $190M. The largest sale was Express Scripts Holding Company, an estimated $153M.
By sector, the portfolio is most concentrated in Healthcare at 41% of assets, down from 45% a quarter earlier, followed by Financials and Energy.
- Glenn Greenberg's largest Q2 2015 buy was Brookfield: 15,492,769 shares worth $190M.
- Glenn Greenberg added most to JPMorgan Chase in Q2 2015, an estimated $28.7M increase.
- Glenn Greenberg's biggest Q2 2015 reduction was Express Scripts Holding Company, cutting an estimated $153M.
- Glenn Greenberg fully exited Kinder Morgan in Q2 2015, selling an estimated $125M.
- Glenn Greenberg's ten largest holdings make up 95% of its $3.46B portfolio in Q2 2015.
- Glenn Greenberg opened 3 new positions and closed 1 in Q2 2015.
- Glenn Greenberg's portfolio value rose 5.7% quarter-over-quarter to $3.46B.
Based on Brave Warrior Advisors's 13F filing for Q2 2015, filed 14 Aug 2015.