Great investors · Glenn Greenberg · Q2 2025
What Glenn Greenberg bought and sold in Q2 2025
Brave Warrior Advisors 13F portfolio as of Jun 30, 2025: 35 positions worth $4.4 bn. Largest: SNX, OMF, ELV, COF. Filed with the SEC on Aug 14, 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 Q2 2025
- IncreasedCapital One FinancialCOF+5.9 pp
- IncreasedBuilders FirstsourceBLDR+1.6 pp
- IncreasedSLMSLM+0.8 pp
- IncreasedOnemain HoldingsOMF+0.7 pp
Sells in Q2 2025
- ReducedElevance HealthELV−4.2 pp
- Sold outLithia MotorsLAD−2.6 pp
- ReducedTD SynnexSNX−1.0 pp
7 companies with material moves, out of 25 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 Q2 2025 13F lists 35 lines of US-listed securities worth $4.4 bn; the largest is SNX at 11.7% of the portfolio. It was accepted by the SEC on Aug 14, 2025 at 4:08 PM ET.
Against the previous quarter, it opened 3 positions (USB, META and TXN), closed 2 (LAD and ALLY), added to 8 (COF, BLDR, SLM and OMF and 4 more) and trimmed 12 (ELV, SNX, RYAAY and MPLX and 8 more). 12 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | TD Synnex SNX | 3.8 M | $511M | 11.7% | −7.6% |
| 2 | Onemain Holdings OMF | 7.9 M | $449M | 10.3% | +7.2% |
| 3 | Elevance Health ELV | 1.1 M | $432M | 9.89% | −30% |
| 4 | Capital One Financial COF | 1.8 M | $390M | 8.94% | +190% |
| 5 | SLM SLM | 10.5 M | $346M | 7.92% | +11% |
| 6 | Ryanair Holdings RYAAY | 5.4 M | $310M | 7.11% | −1.8% |
| 7 | Autonation AN | 1.2 M | $241M | 5.53% | +7.5% |
| 8 | Lennar LEN | 2.2 M | $239M | 5.47% | −1.5% |
| 9 | Primerica PRI | 823,992 | $226M | 5.17% | −1.3% |
| 10 | Millrose Properties MRP | 7.9 M | $224M | 5.14% | −1.2% |
| 11 | MPLX MPLX | 4.3 M | $220M | 5.05% | −2% |
| 12 | Builders Firstsource BLDR | 1.8 M | $213M | 4.89% | +47% |
| 13 | Fidelity National Financial FNF | 3.5 M | $195M | 4.48% | −1.3% |
| 14 | F&G Annuities & Life FG | 5.2 M | $167M | 3.83% | −1.3% |
| 15 | D.R. Horton DHI | 1.2 M | $149M | 3.42% | −1.6% |
| 16 | Antero Midstream AM | 1.9 M | $36.0M | 0.82% | −1.1% |
| 17 | Alphabet GOOGL | 21,858 | $3.9M | 0.09% | no change |
| 18 | JPMorgan Chase JPM | 5,643 | $1.6M | 0.04% | no change |
| 19 | HCA Healthcare HCA | 3,923 | $1.5M | 0.03% | +104% |
| 20 | Bank of America BAC | 26,532 | $1.3M | 0.03% | +83% |
| 21 | Comcast CMCSA | 31,094 | $1.1M | 0.03% | no change |
| 22 | Icon ICLR | 5,000 | $727K | 0.02% | no change |
| 23 | US Bancorp \de\ USB | 15,000 | $679K | 0.02% | new |
| 24 | Alphabet GOOG | 3,790 | $672K | 0.02% | no change |
| 25 | UnitedHealth Group UNH | 1,499 | $468K | 0.01% | +200% |
| 26 | Progressive PGR | 1,746 | $466K | 0.01% | no change |
| 27 | Marriott International MAR | 1,194 | $326K | 0.01% | no change |
| 28 | Amazon.com AMZN | 1,400 | $307K | 0.01% | no change |
| 29 | Microsoft MSFT | 525 | $261K | 0.01% | −59% |
| 30 | Meta Platforms META | 338 | $249K | 0.01% | new |
| 31 | Mastercard MA | 422 | $237K | 0.01% | no change |
| 32 | Moody's MCO | 471 | $236K | 0.01% | no change |
| 33 | Visa V | 618 | $219K | 0.01% | no change |
| 34 | S&P Global SPGI | 401 | $211K | 0.00% | no change |
| 35 | Texas Instruments TXN | 1,010 | $210K | 0.00% | new |
Positions it closed (2)
- Lithia Motors LADwas 2.57% · 381,889 shares
- Ally Financial ALLYwas 0.01% · 10,000 shares
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.