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 |
F&G Annuities & Life
FG
|
+$123M |
| 2 |
AutoNation
AN
|
+$25.5M |
| 3 |
Asbury Automotive
ABG
|
+$12.9M |
| 4 |
Apollo Global Management
APO
|
+$5.13M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$718K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Elevance Health
ELV
|
+$161M |
| 2 |
Valvoline
VVV
|
+$138M |
| 3 |
Fidelity National Financial
FNF
|
+$20.3M |
| 4 |
Lithia Motors
LAD
|
+$11.1M |
| 5 |
Raymond James Financial
RJF
|
+$5.72M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 60.57% |
| 2 | Healthcare | 17.26% |
| 3 | Consumer Discretionary | 16.31% |
| 4 | Industrials | 4.96% |
| 5 | Energy | 0.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Apollo Global Management
APO
$78.4B
| $506M | 15.95% |
7,935,934
+86,419
| +1% | +$5.13M |
|
|
2
Elevance Health
ELV
$86.9B
| $448M | 14.1% |
872,415
-317,456
| -27% | -$161M |
|
|
3
Fidelity National Financial
FNF
$12.7B
| $347M | 10.94% |
9,224,770
-540,050
| -6% | -$20.3M |
|
4
Primerica
PRI
$9.1B
| $306M | 9.66% |
2,160,660
-38,569
| -2% | -$5.37M |
|
|
5
Raymond James Financial
RJF
$33.7B
| $234M | 7.37% |
2,187,451
-50,974
| -2% | -$5.72M |
|
6
JPMorgan Chase
JPM
$935B
| $229M | 7.22% |
1,709,165
-26,136
| -2% | -$3.31M |
|
|
7
Lithia Motors
LAD
$8.15B
| $222M | 7% |
1,084,461
-51,747
| -5% | -$11.1M |
|
8
OneMain Financial
OMF
$7.27B
| $177M | 5.58% |
5,312,546
-68,547
| -1% | -$2.43M |
|
9
United Rentals
URI
$68.4B
| $157M | 4.96% |
442,750
-8,889
| -2% | -$2.92M |
|
10
D.R. Horton
DHI
$41.5B
| $142M | 4.46% |
1,589,460
-31,602
| -2% | -$2.53M |
|
|
11
F&G Annuities & Life
FG
$2.96B
| $121M | 3.8% |
+6,032,140
| New | +$123M |
|
12
HCA Healthcare
HCA
$92.9B
| $99.6M | 3.14% |
415,014
-5,857
| -1% | -$1.31M |
|
13
Lennar Class A
LEN
$21B
| $79.5M | 2.51% |
907,454
-20,096
| -2% | -$1.63M |
|
|
14
Asbury Automotive
ABG
$3.86B
| $49.8M | 1.57% |
277,836
+77,389
| +39% | +$12.9M |
|
15
Antero Midstream
AM
$10.5B
| $24.8M | 0.78% |
2,295,807
-55,012
| -2% | -$584K |
|
|
16
AutoNation
AN
$6.6B
| $24.7M | 0.78% |
+230,468
| New | +$25.5M |
|
|
17
Alphabet (Google) Class A
GOOGL
$4.22T
| $1.16M | 0.04% |
13,157
+7,557
| +135% | +$718K |
|
18
Comcast
CMCSA
$95.3B
| $1.09M | 0.03% |
31,094
| – | – |
|
19
Moody's
MCO
$87.2B
| $878K | 0.03% |
3,150
+21
| +0.7% | +$5.74K |
|
|
20
Alphabet (Google) Class C
GOOG
$4.18T
| $723K | 0.02% |
8,150
+1,250
| +18% | +$119K |
|
21
UnitedHealth
UNH
$350B
| $639K | 0.02% |
1,206
-1,260
| -51% | -$667K |
|
22
Bank of America
BAC
$431B
| $481K | 0.02% |
14,532
| – | – |
|
23
Microsoft
MSFT
$3.59T
| $408K | 0.01% |
+1,700
| New | +$408K |
|
24
First American
FAF
$7.33B
| $393K | 0.01% |
7,500
+2,000
| +36% | +$101K |
|
25
Progressive
PGR
$127B
| $226K | 0.01% |
1,746
| – | – |
|
Similar funds
Glenn Greenberg's Q4 2022 Portfolio in Review
As of Q4 2022, Glenn Greenberg held 29 positions worth $3.17B, up 9.7% from $2.89B the previous quarter. Its ten largest holdings account for 87% of the portfolio.
Glenn Greenberg withdrew a net $190M in Q4 2022, closing 3 positions and reducing 13 holdings. Its most notable exit was Valvoline, an estimated $138M position sold in full.
By sector, the portfolio is most concentrated in Financials at 61% of assets, up from 53% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Glenn Greenberg opened a new position in F&G Annuities & Life worth $121M.
- Glenn Greenberg's largest Q4 2022 buy was F&G Annuities & Life: 6,032,140 shares worth $121M.
- Glenn Greenberg added most to Asbury Automotive in Q4 2022, an estimated $12.9M increase.
- Glenn Greenberg's biggest Q4 2022 reduction was Elevance Health, cutting an estimated $161M.
- Glenn Greenberg fully exited Valvoline in Q4 2022, selling an estimated $138M.
- Glenn Greenberg's ten largest holdings make up 87% of its $3.17B portfolio in Q4 2022.
- Glenn Greenberg opened 4 new positions and closed 3 in Q4 2022.
- Glenn Greenberg's portfolio value rose 9.7% quarter-over-quarter to $3.17B.
Based on Brave Warrior Advisors's 13F filing for Q4 2022, filed 14 Feb 2023.