Great investors · Glenn Greenberg · Q3 2025
What Glenn Greenberg bought and sold in Q3 2025
Brave Warrior Advisors 13F portfolio as of Sep 30, 2025: 33 positions worth $4.3 bn. Largest: ELV, SNX, OMF, SLM. Filed with the SEC on Nov 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 Q3 2025
- IncreasedElevance HealthELV+5.4 pp
- NewKinetik HoldingsKNTK+1.6 pp
- IncreasedSLMSLM+0.7 pp
Sells in Q3 2025
- ReducedCapital One FinancialCOF−4.2 pp
- ReducedMillrose PropertiesMRP−1.9 pp
- ReducedTD SynnexSNX−1.9 pp
- ReducedRyanair HoldingsRYAAY−1.8 pp
- ReducedD.R. HortonDHI−1.7 pp
8 companies with material moves, out of 17 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 Q3 2025 13F lists 33 lines of US-listed securities worth $4.3 bn; the largest is ELV at 13.8% of the portfolio. It was accepted by the SEC on Nov 14, 2025 at 4:02 PM ET.
Against the previous quarter, it opened 1 position (KNTK), closed 3 (UNH, SPGI and TXN), added to 3 (ELV, SLM and MPLX) and trimmed 10 (COF, SNX, RYAAY and MRP and 6 more). 19 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Elevance Health ELV | 1.8 M | $593M | 13.8% | +65% |
| 2 | TD Synnex SNX | 3.3 M | $536M | 12.5% | −13% |
| 3 | Onemain Holdings OMF | 7.8 M | $440M | 10.2% | no change |
| 4 | SLM SLM | 11.7 M | $323M | 7.49% | +11% |
| 5 | Autonation AN | 1.2 M | $266M | 6.17% | no change |
| 6 | Lennar LEN | 2.0 M | $253M | 5.87% | −7% |
| 7 | Ryanair Holdings RYAAY | 4.1 M | $246M | 5.71% | −24% |
| 8 | MPLX MPLX | 4.5 M | $223M | 5.18% | +4.5% |
| 9 | Builders Firstsource BLDR | 1.8 M | $219M | 5.08% | −1.2% |
| 10 | Fidelity National Financial FNF | 3.5 M | $211M | 4.90% | no change |
| 11 | Primerica PRI | 752,989 | $209M | 4.85% | −8.6% |
| 12 | Capital One Financial COF | 964,730 | $205M | 4.76% | −47% |
| 13 | Millrose Properties MRP | 5.4 M | $181M | 4.19% | −32% |
| 14 | F&G Annuities & Life FG | 5.2 M | $163M | 3.79% | no change |
| 15 | D.R. Horton DHI | 708,681 | $120M | 2.79% | −39% |
| 16 | Kinetik Holdings KNTK | 1.6 M | $68.8M | 1.60% | new |
| 17 | Antero Midstream AM | 1.9 M | $36.3M | 0.84% | −1.7% |
| 18 | Alphabet GOOGL | 21,858 | $5.3M | 0.12% | no change |
| 19 | JPMorgan Chase JPM | 5,643 | $1.8M | 0.04% | no change |
| 20 | HCA Healthcare HCA | 3,923 | $1.7M | 0.04% | no change |
| 21 | Bank of America BAC | 26,532 | $1.4M | 0.03% | no change |
| 22 | Comcast CMCSA | 31,094 | $977K | 0.02% | no change |
| 23 | Alphabet GOOG | 3,790 | $923K | 0.02% | no change |
| 24 | US Bancorp \de\ USB | 15,000 | $725K | 0.02% | no change |
| 25 | Icon ICLR | 3,000 | $525K | 0.01% | −40% |
| 26 | Progressive PGR | 1,746 | $431K | 0.01% | no change |
| 27 | Marriott International MAR | 1,194 | $311K | 0.01% | no change |
| 28 | Amazon.com AMZN | 1,400 | $307K | 0.01% | no change |
| 29 | Microsoft MSFT | 525 | $272K | 0.01% | no change |
| 30 | Meta Platforms META | 338 | $248K | 0.01% | no change |
| 31 | Mastercard MA | 422 | $240K | 0.01% | no change |
| 32 | Moody's MCO | 471 | $224K | 0.01% | no change |
| 33 | Visa V | 618 | $211K | 0.00% | no change |
Positions it closed (3)
- UnitedHealth Group UNHwas 0.01% · 1,499 shares
- S&P Global SPGIwas 0.00% · 401 shares
- Texas Instruments TXNwas 0.00% · 1,010 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.