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 |
Alphabet (Google) Class A
GOOGL
|
+$249M |
| 2 |
Bread Financial
BFH
|
+$62.2M |
| 3 |
Liberty Global Class C
LBTYK
|
+$575K |
| 4 |
ESRX
Express Scripts Holding Company
ESRX
|
+$453K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Axalta
AXTA
|
+$109M |
| 2 |
IQVIA
IQV
|
+$47.6M |
| 3 |
SCHW
Charles Schwab
SCHW
|
+$38.7M |
| 4 |
JPMorgan Chase
JPM
|
+$21.5M |
| 5 |
Primerica
PRI
|
+$8.35M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 53.2% |
| 2 | Communication Services | 21.36% |
| 3 | Healthcare | 12.92% |
| 4 | Energy | 8.95% |
| 5 | Technology | 3.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Bread Financial
BFH
$4.07B
| $420M | 17.9% |
2,075,875
+335,468
| +19% | +$62.2M |
|
|
SCHW
2
Charles Schwab
SCHW
$194B
| $325M | 13.84% |
6,320,124
-823,096
| -12% | -$38.7M |
|
3
HCA Healthcare
HCA
$92.9B
| $255M | 10.88% |
2,905,777
-12,496
| -0.4% | -$1M |
|
|
4
Alphabet (Google) Class A
GOOGL
$4.22T
| $254M | 10.84% |
+4,826,180
| New | +$249M |
|
|
5
Liberty Global Class C
LBTYK
$3.55B
| $237M | 10.08% |
6,989,361
+18,732
| +0.3% | +$575K |
|
6
Antero Resources
AR
$11.7B
| $210M | 8.95% |
11,044,402
-128,495
| -1% | -$2.46M |
|
|
7
JPMorgan Chase
JPM
$935B
| $194M | 8.26% |
1,811,149
-212,187
| -10% | -$21.5M |
|
8
Brookfield
BN
$93.1B
| $167M | 7.13% |
10,770,042
-63,588
| -0.6% | -$961K |
|
|
9
Primerica
PRI
$9.1B
| $142M | 6.05% |
1,397,564
-87,628
| -6% | -$8.35M |
|
10
Sensata Technologies
ST
$6.23B
| $83.8M | 3.57% |
1,640,438
-23,027
| -1% | -$1.13M |
|
|
11
IQVIA
IQV
$42.8B
| $47.3M | 2.02% |
482,866
-467,255
| -49% | -$47.6M |
|
12
Liberty Global Class A
LBTYA
$3.63B
| $9.17M | 0.39% |
255,747
-1,067
| -0.4% | -$33.9K |
|
13
Comcast
CMCSA
$95.3B
| $1.29M | 0.05% |
32,194
| – | – |
|
|
ESRX
14
DELISTED
Express Scripts Holding Company
ESRX
| $528K | 0.02% |
+7,080
| New | +$453K |
|
15
Bank of America
BAC
$431B
| $429K | 0.02% |
14,532
| – | – |
|
|
16
Axalta
AXTA
$7.75B
| – | – |
-3,764,629
| Closed | -$109M |
|
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Glenn Greenberg's Q4 2017 Portfolio in Review
As of Q4 2017, Glenn Greenberg held 16 positions worth $2.35B, up 14% from $2.07B the previous quarter. Its ten largest holdings account for 97% of the portfolio.
Glenn Greenberg deployed $81.8M of net new capital in Q4 2017, opening 2 new positions and adding to 2 existing holdings. Its largest new stake was Alphabet (Google) Class A: 4,826,180 shares worth $254M.
By sector, the portfolio is most concentrated in Financials at 53% of assets, up from 53% a quarter earlier, followed by Communication Services and Healthcare.
On the sell side, the largest reduction was IQVIA, an estimated $47.6M trimmed.
- Glenn Greenberg's largest Q4 2017 buy was Alphabet (Google) Class A: 4,826,180 shares worth $254M.
- Glenn Greenberg added most to Bread Financial in Q4 2017, an estimated $62.2M increase.
- Glenn Greenberg's biggest Q4 2017 reduction was IQVIA, cutting an estimated $47.6M.
- Glenn Greenberg fully exited Axalta in Q4 2017, selling an estimated $109M.
- Glenn Greenberg's ten largest holdings make up 97% of its $2.35B portfolio in Q4 2017.
- Glenn Greenberg opened 2 new positions and closed 1 in Q4 2017.
- Glenn Greenberg's portfolio value rose 14% quarter-over-quarter to $2.35B.
Based on Brave Warrior Advisors's 13F filing for Q4 2017, filed 14 Feb 2018.