Great investors · Glenn Greenberg · Q1 2025
What Glenn Greenberg bought and sold in Q1 2025
Brave Warrior Advisors 13F portfolio as of Mar 31, 2025: 35 positions worth $4.4 bn. Largest: ELV, SNX, OMF, SLM. Filed with the SEC on May 15, 2025.
The 13F is filed by Brave Warrior Advisors, not by Glenn Greenberg personally: these are the whole firm's positions. A “position” is a distinct security in the filing (by CUSIP); share classes of the same company are shown added together.
Buys in Q1 2025
- NewSLMSLM+6.4 pp
- NewBuilders FirstsourceBLDR+3.6 pp
- IncreasedCapital One FinancialCOF+2.6 pp
- IncreasedD.R. HortonDHI+1.1 pp
- IncreasedLennarLEN+1.1 pp
Sells in Q1 2025
- ReducedFidelity National FinancialFNF−3.6 pp
- ReducedDiscover Financial Services−3.6 pp
- ReducedLithia MotorsLAD−1.6 pp
- ReducedAutonationAN−1.2 pp
- ReducedElevance HealthELV−0.5 pp
10 companies with material moves, out of 20 positions with a change. Only moves of 0.5 points of the portfolio or more are listed, measured as “traded weight” (what was bought or sold, excluding price effects). Smaller changes exist and are not listed: a position may have gone up or down without appearing above.
The full 13F, line by line
Brave Warrior Advisors's Q1 2025 13F lists 35 lines of US-listed securities worth $4.4 bn; the largest is ELV at 15.7% of the portfolio. It was accepted by the SEC on May 15, 2025 at 4:33 PM ET.
Against the previous quarter, it opened 4 positions (SLM, BLDR, V and SPGI), closed none, added to 4 (COF, DHI, LEN and ICLR) and trimmed 12 (Discover Financial Services, FNF, LAD and AN and 8 more). 14 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Elevance Health ELV | 1.6 M | $686M | 15.7% | −3.2% |
| 2 | TD Synnex SNX | 4.1 M | $424M | 9.71% | −1.7% |
| 3 | Onemain Holdings OMF | 7.3 M | $359M | 8.22% | −1.3% |
| 4 | SLM SLM | 9.5 M | $278M | 6.36% | new |
| 5 | Discover Financial Services | 1.6 M | $275M | 6.29% | −36% |
| 6 | Lennar LEN | 2.2 M | $251M | 5.76% | +23% |
| 7 | Primerica PRI | 834,654 | $237M | 5.44% | −2.2% |
| 8 | MPLX MPLX | 4.4 M | $234M | 5.35% | −1.2% |
| 9 | Ryanair Holdings RYAAY | 5.5 M | $232M | 5.31% | −2.3% |
| 10 | Fidelity National Financial FNF | 3.5 M | $230M | 5.27% | −41% |
| 11 | Millrose Properties MRP | 8.0 M | $211M | 4.83% | from a spin-off |
| 12 | F&G Annuities & Life FG | 5.3 M | $191M | 4.37% | −2.1% |
| 13 | Autonation AN | 1.1 M | $183M | 4.19% | −23% |
| 14 | Builders Firstsource BLDR | 1.2 M | $155M | 3.55% | new |
| 15 | D.R. Horton DHI | 1.2 M | $149M | 3.42% | +50% |
| 16 | Capital One Financial COF | 631,553 | $113M | 2.59% | ×421 |
| 17 | Lithia Motors LAD | 381,889 | $112M | 2.57% | −38% |
| 18 | Antero Midstream AM | 1.9 M | $34.5M | 0.79% | no change |
| 19 | Alphabet GOOGL | 21,858 | $3.4M | 0.08% | no change |
| 20 | JPMorgan Chase JPM | 5,643 | $1.4M | 0.03% | no change |
| 21 | Comcast CMCSA | 31,094 | $1.1M | 0.03% | no change |
| 22 | Icon ICLR | 5,000 | $875K | 0.02% | +67% |
| 23 | HCA Healthcare HCA | 1,923 | $664K | 0.02% | −43% |
| 24 | Bank of America BAC | 14,532 | $606K | 0.01% | no change |
| 25 | Alphabet GOOG | 3,790 | $592K | 0.01% | no change |
| 26 | Progressive PGR | 1,746 | $494K | 0.01% | no change |
| 27 | Microsoft MSFT | 1,275 | $479K | 0.01% | no change |
| 28 | Ally Financial ALLY | 10,000 | $365K | 0.01% | no change |
| 29 | Marriott International MAR | 1,194 | $284K | 0.01% | no change |
| 30 | Amazon.com AMZN | 1,400 | $266K | 0.01% | no change |
| 31 | UnitedHealth Group UNH | 499 | $261K | 0.01% | no change |
| 32 | Mastercard MA | 422 | $231K | 0.01% | no change |
| 33 | Moody's MCO | 471 | $219K | 0.01% | no change |
| 34 | Visa V | 618 | $217K | 0.01% | new |
| 35 | S&P Global SPGI | 401 | $204K | 0.00% | new |
One row per line of the filing (by CUSIP): share classes of the same company are listed separately here. “Change in shares” compares the count with the previous quarter, split-adjusted; the value is the one reported in the 13F at quarter end, not today's price.
Original documents: Brave Warrior Advisors's 13F filings on EDGAR (SEC) ↗
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Source: 13F filings with the SEC. A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions. Not investment advice.