Brave Warrior Advisors, LLC
Long book
$4.04B
Q1 2026
Positions
36
Top-10 weight
75%
concentration
Last quarter
+20.6%
SPY +14.8%
Turnover
23%
of book per quarter
Strategy in plain words
auto-generated from filingsBrave Warrior Advisors, LLC is a concentrated fundamental stock-picker, running a $4.04B US long book across 36 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: TD SYNNEX CORP, ONEMAIN HOLDINGS INC, ICON PLC, ELEVANCE HEALTH INC, AUTONATION INC.
Over the last 9 quarters its long book ran on average 1.7pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-1.9%
Q2 2024
+9.7%
Q3 2024
-5.7%
Q4 2024
+0.5%
Q1 2025
+6.6%
Q2 2025
+4.3%
Q3 2025
+0.8%
Q4 2025
-10.1%
Q1 2026
+20.6%
Sector allocation
Financials 48%
Consumer discretionary 28%
Healthcare 9%
Industrials 8%
Energy 5%
Utilities 1%
Technology 0%
Services media 0%
Long book by quarter
What does Brave Warrior own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| SNX TD SYNNEX CORP | Consumer discretionary | 3.1M | $515.2M | 12.8% | -3.5% |
| OMF ONEMAIN HOLDINGS INC | Financials | 7.7M | $412.0M | 10.2% | -0.5% |
| ICLR ICON PLC | Healthcare | 3.0M | $331.6M | 8.2% | New |
| ELV ELEVANCE HEALTH INC | Financials | 1.1M | $328.6M | 8.1% | -10.3% |
| AN AUTONATION INC | Consumer discretionary | 1.5M | $302.2M | 7.5% | -0.3% |
| SLM SLM CORP | Financials | 13.6M | $290.8M | 7.2% | +5.9% |
| PRI PRIMERICA INC | Financials | 879.3K | $220.3M | 5.5% | +12.7% |
| LEN LENNAR CORP-A | Industrials | 2.4M | $209.3M | 5.2% | -0.1% |
| BLDR BUILDERS FIRSTSOURCE INC | Consumer discretionary | 2.4M | $195.3M | 4.8% | -0.3% |
| MPLX MPLX LP | Energy | 3.3M | $185.7M | 4.6% | -27.3% |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 1.0M | $183.2M | 4.5% | -0.5% |
| FNF FIDELITY NATIONAL FINANCIAL | Financials | 3.5M | $162.4M | 4.0% | -0.5% |
| FG F&G ANNUITIES & LIFE INC | Financials | 5.4M | $135.5M | 3.4% | -0.4% |
| DHI DR HORTON INC | Industrials | 693.6K | $95.2M | 2.4% | -1.2% |
| AM ANTERO MIDSTREAM CORP | Utilities | 1.8M | $41.9M | 1.0% | -0.4% |
| GOOGL ALPHABET INC-CL A | Technology | 20.3K | $5.8M | 0.1% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 5.6K | $1.7M | 0.0% | Held |
| SUNB SUNBELT RENTALS HOLDINGS INC | Services media | 23.8K | $1.5M | 0.0% | New |
| GOOG ALPHABET INC-CL C | Technology | 3.8K | $1.1M | 0.0% | Held |
| CMCSA COMCAST CORP-CLASS A | Communications | 31.1K | $893K | 0.0% | Held |
| MSFT MICROSOFT CORP | Technology | 2.0K | $750K | 0.0% | +285.7% |
| BAC BANK OF AMERICA CORP | Financials | 14.5K | $708K | 0.0% | -45.2% |
| HCA HCA HEALTHCARE INC | Healthcare | 1.3K | $631K | 0.0% | -66.0% |
| ARES ARES MANAGEMENT CORP - A | Financials | 5.0K | $546K | 0.0% | New |
| APO APOLLO GLOBAL MANAGEMENT INC | Financials | 4.5K | $501K | 0.0% | New |
| MAR MARRIOTT INTERNATIONAL -CL A | Services media | 1.2K | $391K | 0.0% | Held |
| PGR PROGRESSIVE CORP | Financials | 1.8K | $355K | 0.0% | +2.5% |
| AMAT APPLIED MATERIALS INC | Technology | 961 | $328K | 0.0% | Held |
| FAF FIRST AMERICAN FINANCIAL | Financials | 5.0K | $301K | 0.0% | New |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.4K | $292K | 0.0% | Held |
| ET ENERGY TRANSFER LP | Utilities | 15.0K | $290K | 0.0% | New |
| META META PLATFORMS INC-CLASS A | Technology | 373 | $213K | 0.0% | +10.4% |
| MA MASTERCARD INC - A | Services media | 422 | $211K | 0.0% | Held |
| MCO MOODY'S CORP | Services media | 471 | $205K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 36 | $4.04B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 33 | $4.27B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 33 | $4.31B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 35 | $4.36B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 35 | $4.37B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 30 | $4.02B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 32 | $4.82B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 27 | $4.51B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 29 | $4.78B | canonical | SEC ↗ |
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