Brave Warrior Advisors, LLC 13F: Quarter-over-Quarter Portfolio Changes
Brave Warrior Advisors, LLC reported a disclosed portfolio value of approximately $4.6 billion in its latest SEC Form 13F-HR filing for Q2 2026, up 13.6% quarter on quarter. Over the quarter, the manager initiated 9 new positions, bought more shares in 6 holdings, trimmed 13 holdings, and exited 5 positions.
Brave Warrior Advisors, LLC's top buy was a new stake in Gallagher Arthur J & CO (AJG) , equal to 6.4% of the disclosed portfolio. Its top sell was Primerica INC (PRI) . The manager exited the position completely after it had accounted for 5.5% of the previous portfolio.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| GALLAGHER ARTHUR J & CO | AJG | 6.4% | History → |
| PRIMERICA INC | SYN_74164M108 | 5.4% | Holders → |
| ANTERO MIDSTREAM CORP | SYN_03676B102 | 0.9% | Holders → |
| S&P GLOBAL INC | SPGI | 0.0% | Holders → |
| NU HLDGS LTD | NU | 0.0% | Holders → |
| TEXAS INSTRS INC | TXN | 0.0% | Holders → |
| ANALOG DEVICES INC | ADI | 0.0% | Holders → |
| VISA INC-CLASS A SHRS | V | 0.0% | Holders → |
| UNITEDHEALTH GROUP INC | UNH | 0.0% | Holders → |
Top BuysQ2 2026
The manager's top buys among existing positions in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| HCA HEALTHCARE INC | HCA | +0.0% | +262.6% | Holders → |
| MASTERCARD INC-CLASS A | MA | +0.0% | +177.7% | Holders → |
| MICROSOFT CORP | MSFT | +0.0% | +111.1% | Holders → |
| AMAZON.COM INC | AMZN | +0.0% | +89.3% | Holders → |
| RYANAIR HOLDINGS PLC | RYAAY | +1.2% | +30.2% | History → |
| ICON PUB LTD CO | ICLR | +3.7% | +5.2% | History → |
Top SellsQ2 2026
Showing the top 10 sells among 13 existing positions where the manager sold shares in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| F&G ANNUITIES & LIFE INC | FG | -1.9% | 53.6% | Holders → |
| TD SYNNEX CORPORATION | SNX | -4.4% | 52.8% | History → |
| MILLROSE PPTYS INC | MRP | -2.0% | 29.2% | Holders → |
| ELEVANCE HEALTH INC FORMERLY | ELV | 0.1% | 13.0% | History → |
| MPLX LP | MPLX | -0.7% | 2.2% | Holders → |
| FIDELITY NATL FINL INC | FNF | -0.5% | 1.6% | Holders → |
| ONEMAIN HLDGS INC | OMF | -0.1% | 1.5% | History → |
| LENNAR CORP | LEN | -0.5% | 1.5% | History → |
| CAPITAL ONE FINL CORP | COF | -0.2% | 1.5% | Holders → |
| AUTONATION INC | AN | -1.3% | 1.5% | History → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| PRIMERICA INC | PRI | 5.5% |
| ANTERO MIDSTREAM CORP | AM | 1.0% |
| ARES MANAGEMENT CORPORATION | ARES | 0.0% |
| APOLLO GLOBAL MGMT INC | APO | 0.0% |
| FIRST AMERN FINL CORP | FAF | 0.0% |
Net Portfolio Value ChangeQ2 2026
- $4.0BPrior quarter
- $4.6BCurrent quarter
- +$0.5BNet delta
- +13.6%% change
Methodology & FAQ
How Brave Warrior Advisors, LLC Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Brave Warrior Advisors, LLC: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description, including how confidential treatment filings are handled, is documented in the Methodology.
What stocks did Brave Warrior Advisors, LLC buy in Q2 2026?
In Q2 2026, Brave Warrior Advisors, LLC initiated 9 new positions (GALLAGHER ARTHUR J & CO (AJG), PRIMERICA INC (SYN_74164M108), ANTERO MIDSTREAM CORP (SYN_03676B102), S&P GLOBAL INC (SPGI), NU HLDGS LTD (NU), TEXAS INSTRS INC (TXN), ANALOG DEVICES INC (ADI), VISA INC-CLASS A SHRS (V), UNITEDHEALTH GROUP INC (UNH)); bought more shares of HCA HEALTHCARE INC (HCA), MASTERCARD INC-CLASS A (MA), MICROSOFT CORP (MSFT), AMAZON.COM INC (AMZN), RYANAIR HOLDINGS PLC (RYAAY) (the largest 5 of 6 adds).
What stocks did Brave Warrior Advisors, LLC sell in Q2 2026?
In Q2 2026, Brave Warrior Advisors, LLC fully sold 5 positions (PRIMERICA INC (PRI), ANTERO MIDSTREAM CORP (AM), ARES MANAGEMENT CORPORATION (ARES), APOLLO GLOBAL MGMT INC (APO), FIRST AMERN FINL CORP (FAF)); reduced holdings in F&G ANNUITIES & LIFE INC (FG), TD SYNNEX CORPORATION (SNX), MILLROSE PPTYS INC (MRP), ELEVANCE HEALTH INC FORMERLY (ELV), MPLX LP (MPLX) (the largest 5 of 13 reductions).
Which positions did Brave Warrior Advisors, LLC initiate in Q2 2026?
Brave Warrior Advisors, LLC established 9 new positions in Q2 2026: GALLAGHER ARTHUR J & CO (AJG, 6.4%), PRIMERICA INC (SYN_74164M108, 5.4%), ANTERO MIDSTREAM CORP (SYN_03676B102, 0.9%), S&P GLOBAL INC (SPGI, 0.0%), NU HLDGS LTD (NU, 0.0%), TEXAS INSTRS INC (TXN, 0.0%), ANALOG DEVICES INC (ADI, 0.0%), VISA INC-CLASS A SHRS (V, 0.0%), UNITEDHEALTH GROUP INC (UNH, 0.0%).
Which existing positions saw the largest allocation increases for Brave Warrior Advisors, LLC in Q2 2026?
Of 6 existing positions with share-count increases in Q2 2026, the largest were: HCA HEALTHCARE INC (HCA, +0.0% weight, +262.6% shares), MASTERCARD INC-CLASS A (MA, +0.0% weight, +177.7% shares), MICROSOFT CORP (MSFT, +0.0% weight, +111.1% shares), AMAZON.COM INC (AMZN, +0.0% weight, +89.3% shares), RYANAIR HOLDINGS PLC (RYAAY, +1.2% weight, +30.2% shares), ICON PUB LTD CO (ICLR, +3.7% weight, +5.2% shares).
Which positions did Brave Warrior Advisors, LLC fully exit in Q2 2026?
Brave Warrior Advisors, LLC fully exited 5 positions in Q2 2026: PRIMERICA INC (PRI, last-reported weight 5.5%), ANTERO MIDSTREAM CORP (AM, last-reported weight 1.0%), ARES MANAGEMENT CORPORATION (ARES, last-reported weight 0.0%), APOLLO GLOBAL MGMT INC (APO, last-reported weight 0.0%), FIRST AMERN FINL CORP (FAF, last-reported weight 0.0%).
Which existing positions saw the largest allocation reductions for Brave Warrior Advisors, LLC in Q2 2026?
Of 13 existing positions with share-count reductions in Q2 2026, the largest were: F&G ANNUITIES & LIFE INC (FG, -1.9% weight, -53.6% shares), TD SYNNEX CORPORATION (SNX, -4.4% weight, -52.8% shares), MILLROSE PPTYS INC (MRP, -2.0% weight, -29.2% shares), ELEVANCE HEALTH INC FORMERLY (ELV, 0.1% weight, -13.0% shares), MPLX LP (MPLX, -0.7% weight, -2.2% shares), FIDELITY NATL FINL INC (FNF, -0.5% weight, -1.6% shares), ONEMAIN HLDGS INC (OMF, -0.1% weight, -1.5% shares), LENNAR CORP (LEN, -0.5% weight, -1.5% shares), CAPITAL ONE FINL CORP (COF, -0.2% weight, -1.5% shares), AUTONATION INC (AN, -1.3% weight, -1.5% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.