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 |
OneMain Financial
OMF
|
+$125M |
| 2 |
Apollo Global Management
APO
|
+$85.7M |
| 3 |
United Rentals
URI
|
+$60.4M |
| 4 |
Lithia Motors
LAD
|
+$31M |
| 5 |
JPMorgan Chase
JPM
|
+$17.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Progressive
PGR
|
+$194M |
| 2 |
Elevance Health
ELV
|
+$70.2M |
| 3 |
HCA Healthcare
HCA
|
+$43.5M |
| 4 |
Valvoline
VVV
|
+$12.6M |
| 5 |
Fidelity National Financial
FNF
|
+$1.13M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 50.36% |
| 2 | Healthcare | 22.53% |
| 3 | Consumer Discretionary | 22.52% |
| 4 | Industrials | 3.77% |
| 5 | Energy | 0.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Elevance Health
ELV
$86.9B
| $585M | 20.07% |
1,211,276
-141,973
| -10% | -$70.2M |
|
|
2
Apollo Global Management
APO
$78.4B
| $360M | 12.36% |
7,428,006
+1,575,499
| +27% | +$85.7M |
|
|
3
Fidelity National Financial
FNF
$12.7B
| $337M | 11.57% |
9,484,261
-28,808
| -0.3% | -$1.13M |
|
|
4
Lithia Motors
LAD
$8.15B
| $272M | 9.35% |
991,301
+106,194
| +12% | +$31M |
|
5
Primerica
PRI
$9.1B
| $263M | 9.04% |
2,201,012
+93,414
| +4% | +$11.7M |
|
|
6
Valvoline
VVV
$4.33B
| $218M | 7.49% |
7,570,596
-410,574
| -5% | -$12.6M |
|
7
Raymond James Financial
RJF
$33.7B
| $201M | 6.89% |
2,245,951
-7,996
| -0.4% | -$784K |
|
|
8
JPMorgan Chase
JPM
$935B
| $196M | 6.72% |
1,737,790
+143,837
| +9% | +$17.8M |
|
|
9
United Rentals
URI
$68.4B
| $110M | 3.77% |
451,549
+205,131
| +83% | +$60.4M |
|
|
10
OneMain Financial
OMF
$7.27B
| $108M | 3.71% |
+2,889,274
| New | +$125M |
|
11
D.R. Horton
DHI
$41.5B
| $108M | 3.7% |
1,626,503
+93,805
| +6% | +$6.59M |
|
|
12
HCA Healthcare
HCA
$92.9B
| $70.6M | 2.42% |
420,176
-202,662
| -33% | -$43.5M |
|
13
Lennar Class A
LEN
$21B
| $57.3M | 1.97% |
839,275
+99,849
| +14% | +$7.32M |
|
14
Antero Midstream
AM
$10.5B
| $21.6M | 0.74% |
2,383,767
+5,534
| +0.2% | +$57.6K |
|
15
UnitedHealth
UNH
$350B
| $1.27M | 0.04% |
2,466
-1,090
| -31% | -$547K |
|
16
Comcast
CMCSA
$95.3B
| $1.22M | 0.04% |
31,094
| – | – |
|
17
Moody's
MCO
$87.2B
| $851K | 0.03% |
3,129
-150
| -5% | -$44.9K |
|
18
Alphabet (Google) Class C
GOOG
$4.18T
| $755K | 0.03% |
6,900
| – | – |
|
|
19
Alphabet (Google) Class A
GOOGL
$4.22T
| $610K | 0.02% |
5,600
-1,060
| -16% | -$125K |
|
20
Bank of America
BAC
$431B
| $452K | 0.02% |
14,532
| – | – |
|
21
First American
FAF
$7.33B
| $212K | 0.01% |
4,000
| – | – |
|
|
22
Progressive
PGR
$127B
| $203K | 0.01% |
1,746
-1,712,528
| -100% | -$194M |
|
23
Amazon
AMZN
$2.79T
| $202K | 0.01% |
1,900
+500
| +36% | +$62.6K |
|
24
Mastercard
MA
$509B
| – | – |
-569
| Closed | -$203K |
|
25
Marriott International
MAR
$92.9B
| – | – |
-1,185
| Closed | -$208K |
|
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Glenn Greenberg's Q2 2022 Portfolio in Review
As of Q2 2022, Glenn Greenberg held 25 positions worth $2.91B, down 14% from $3.39B the previous quarter. Its ten largest holdings account for 91% of the portfolio.
Glenn Greenberg's Q2 2022 filing shows 1 new, 9 increased, 9 reduced and 2 closed positions. Its largest new stake was OneMain Financial: 2,889,274 shares worth $108M. The largest sale was Progressive, an estimated $194M.
By sector, the portfolio is most concentrated in Financials at 50% of assets, down from 52% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Glenn Greenberg's largest Q2 2022 buy was OneMain Financial: 2,889,274 shares worth $108M.
- Glenn Greenberg added most to Apollo Global Management in Q2 2022, an estimated $85.7M increase.
- Glenn Greenberg's biggest Q2 2022 reduction was Progressive, cutting an estimated $194M.
- Glenn Greenberg fully exited Marriott International in Q2 2022, selling an estimated $208K.
- Glenn Greenberg's ten largest holdings make up 91% of its $2.91B portfolio in Q2 2022.
- Glenn Greenberg opened 1 new position and closed 2 in Q2 2022.
- Glenn Greenberg's portfolio value fell 14% quarter-over-quarter to $2.91B.
Based on Brave Warrior Advisors's 13F filing for Q2 2022, filed 15 Aug 2022.