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 |
Lithia Motors
LAD
|
+$276M |
| 2 |
Apollo Global Management
APO
|
+$165M |
| 3 |
D.R. Horton
DHI
|
+$133M |
| 4 |
United Rentals
URI
|
+$80.5M |
| 5 |
Lennar Class A
LEN
|
+$66.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$201M |
| 2 |
UnitedHealth
UNH
|
+$105M |
| 3 |
Progressive
PGR
|
+$57.1M |
| 4 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$45.5M |
| 5 |
Elevance Health
ELV
|
+$5.73M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 51.93% |
| 2 | Healthcare | 24.27% |
| 3 | Consumer Discretionary | 20.36% |
| 4 | Industrials | 2.58% |
| 5 | Energy | 0.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Elevance Health
ELV
$86.9B
| $665M | 19.61% |
1,353,249
-12,536
| -0.9% | -$5.73M |
|
2
Fidelity National Financial
FNF
$12.7B
| $447M | 13.18% |
9,513,069
+527,504
| +6% | +$25.2M |
|
|
3
Apollo Global Management
APO
$78.4B
| $363M | 10.7% |
5,852,507
+2,506,378
| +75% | +$165M |
|
4
Primerica
PRI
$9.1B
| $288M | 8.51% |
2,107,598
+178,478
| +9% | +$25.3M |
|
|
5
Lithia Motors
LAD
$8.15B
| $266M | 7.84% |
+885,107
| New | +$276M |
|
6
Valvoline
VVV
$4.33B
| $252M | 7.43% |
7,981,170
+485,509
| +6% | +$15.9M |
|
7
Raymond James Financial
RJF
$33.7B
| $248M | 7.31% |
2,253,947
+21,432
| +1% | +$2.27M |
|
8
JPMorgan Chase
JPM
$935B
| $217M | 6.41% |
1,593,953
+98,961
| +7% | +$14.6M |
|
|
9
Progressive
PGR
$127B
| $195M | 5.76% |
1,714,274
-528,182
| -24% | -$57.1M |
|
10
HCA Healthcare
HCA
$92.9B
| $156M | 4.6% |
622,838
+14,441
| +2% | +$3.63M |
|
|
11
D.R. Horton
DHI
$41.5B
| $114M | 3.37% |
+1,532,698
| New | +$133M |
|
|
12
United Rentals
URI
$68.4B
| $87.5M | 2.58% |
+246,418
| New | +$80.5M |
|
|
13
Lennar Class A
LEN
$21B
| $58.1M | 1.71% |
+739,426
| New | +$66.6M |
|
14
Antero Midstream
AM
$10.5B
| $25.9M | 0.76% |
2,378,233
-25,576
| -1% | -$260K |
|
|
15
UnitedHealth
UNH
$350B
| $1.81M | 0.05% |
3,556
-218,105
| -98% | -$105M |
|
16
Comcast
CMCSA
$95.3B
| $1.46M | 0.04% |
31,094
| – | – |
|
17
Moody's
MCO
$87.2B
| $1.11M | 0.03% |
3,279
| – | – |
|
18
Alphabet (Google) Class C
GOOG
$4.18T
| $964K | 0.03% |
6,900
| – | – |
|
|
19
Alphabet (Google) Class A
GOOGL
$4.22T
| $926K | 0.03% |
6,660
-4,640
| -41% | -$630K |
|
20
Bank of America
BAC
$431B
| $599K | 0.02% |
14,532
| – | – |
|
21
First American
FAF
$7.33B
| $259K | 0.01% |
4,000
| – | – |
|
22
Amazon
AMZN
$2.79T
| $228K | 0.01% |
1,400
| – | – |
|
23
Marriott International
MAR
$92.9B
| $208K | 0.01% |
1,185
-2,059
| -63% | -$342K |
|
24
Mastercard
MA
$509B
| $203K | 0.01% |
569
| – | – |
|
25
Aon
AON
$75.3B
| – | – |
-2,732
| Closed | -$821K |
|
Similar funds
Glenn Greenberg's Q1 2022 Portfolio in Review
As of Q1 2022, Glenn Greenberg held 27 positions worth $3.39B, up 8% from $3.14B the previous quarter. Its ten largest holdings account for 91% of the portfolio.
Glenn Greenberg deployed $392M of net new capital in Q1 2022, opening 4 new positions and adding to 7 existing holdings. Its largest new stake was Lithia Motors: 885,107 shares worth $266M.
By sector, the portfolio is most concentrated in Financials at 52% of assets, down from 61% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was UnitedHealth, an estimated $105M trimmed.
- Glenn Greenberg's largest Q1 2022 buy was Lithia Motors: 885,107 shares worth $266M.
- Glenn Greenberg added most to Apollo Global Management in Q1 2022, an estimated $165M increase.
- Glenn Greenberg's biggest Q1 2022 reduction was UnitedHealth, cutting an estimated $105M.
- Glenn Greenberg fully exited Berkshire Hathaway Class B in Q1 2022, selling an estimated $201M.
- Glenn Greenberg's ten largest holdings make up 91% of its $3.39B portfolio in Q1 2022.
- Glenn Greenberg opened 4 new positions and closed 3 in Q1 2022.
- Glenn Greenberg's portfolio value rose 8% quarter-over-quarter to $3.39B.
Based on Brave Warrior Advisors's 13F filing for Q1 2022, filed 16 May 2022.