Brave Warrior Advisors, LLC — Quarter-over-Quarter 13F Allocation Shifts Q1 2026
In Q1 2026, Brave Warrior Advisors, LLC initiated 6 new positions, increased allocation to 5 existing positions, trimmed 10 positions, and exited 3 positions entirely. The fund's 13F equity book declined from $4.27B to $4.04B (-5.4% QoQ) . All deltas are sourced from sequential SEC Form 13F-HR filings; share-count changes reflect explicit trading activity, while weight changes can also include price movement. This page lists every position change reported — the portfolio overview shows a summary of the top shifts.
Net Portfolio Value Change
- $4.27BPrior quarter
- $4.04BCurrent quarter
- $-0.23BNet delta
- -5.4%% change
New Position Initiations Q1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Allocation Weight | History |
|---|---|---|---|
| ICON PLC (ICLR) | ICLR | 8.21% | History → |
| SUNBELT RENTALS HOLDINGS INC | SUNB | 0.04% | Holders → |
| ARES MANAGEMENT CORPORATION | ARES | 0.01% | Holders → |
| APOLLO GLOBAL MGMT INC | APO | 0.01% | Holders → |
| FIRST AMERN FINL CORP | FAF | 0.01% | Holders → |
| ENERGY TRANSFER L P | ET | 0.01% | Holders → |
Largest Allocation Increases Q1 2026
Largest portfolio-weight increases in existing positions. Share-count delta is shown separately so price-only re-weighting can be distinguished from active adds.
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| MICROSOFT CORP | MSFT | +0.01% | +285.71% | Holders → |
| PRIMERICA INC | SYN_74164M108 | +0.73% | +12.72% | Holders → |
| META PLATFORMS INC | META | +0.00% | +10.36% | Holders → |
| SLM CORP | SLM | +-0.94% | +5.86% | History → |
| PROGRESSIVE CORP | PGR | +-0.00% | +2.46% | Holders → |
Largest Allocation Reductions Q1 2026
Largest portfolio-weight decreases in existing positions (positions kept open at a lower allocation).
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| HCA HEALTHCARE INC | HCA | -0.03% | -66.02% | Holders → |
| BANK AMERICA CORP | BAC | -0.02% | -45.23% | Holders → |
| MPLX LP | MPLX | -1.00% | -27.28% | History → |
| ELEVANCE HEALTH INC FORMERLY | ELV | -2.15% | -10.34% | History → |
| TD SYNNEX CORPORATION | SNX | 1.62% | -3.46% | History → |
| D R HORTON, INC. (DHI) | DHI | -0.01% | -1.18% | Holders → |
| MILLROSE PPTYS INC | MRP | -0.12% | -0.98% | History → |
| RYANAIR HOLDINGS PLC | RYAAY | -0.82% | -0.57% | Holders → |
| FIDELITY NATL FINL INC | FNF | -0.48% | -0.48% | Holders → |
| ONEMAIN HLDGS INC | OMF | -2.05% | -0.46% | History → |
Exited Positions Q1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| US BANCORP | USB | 0.02% |
| VISA INC | V | 0.01% |
| S&P GLOBAL INC | SPGI | 0.00% |
Methodology & FAQ
How Brave Warrior Advisors, LLC Quarterly Changes Are Computed
Each row above is computed by joining the most recent 13F-HR filing for Brave Warrior Advisors, LLC against the immediately preceding quarterly filing for the same fund. Portfolio weights are normalized to exclude listed options for comparability. A complete description of the methodology — including how confidential treatment filings are handled and why share count rather than weight is the cleaner trading signal — is documented in the Methodology.
Which positions did Brave Warrior Advisors, LLC initiate in Q1 2026?
Brave Warrior Advisors, LLC established 6 new positions in Q1 2026: ICON PLC (ICLR) (ICLR, 8.21%), SUNBELT RENTALS HOLDINGS INC (SUNB, 0.04%), ARES MANAGEMENT CORPORATION (ARES, 0.01%), APOLLO GLOBAL MGMT INC (APO, 0.01%), FIRST AMERN FINL CORP (FAF, 0.01%), ENERGY TRANSFER L P (ET, 0.01%).
Which existing positions saw the largest allocation increases for Brave Warrior Advisors, LLC in Q1 2026?
The largest portfolio-weight increases in existing positions were: MICROSOFT CORP (MSFT, +0.01% weight, +285.71% shares), PRIMERICA INC (SYN_74164M108, +0.73% weight, +12.72% shares), META PLATFORMS INC (META, +0.00% weight, +10.36% shares), SLM CORP (SLM, +-0.94% weight, +5.86% shares), PROGRESSIVE CORP (PGR, +-0.00% weight, +2.46% shares).
Which positions did Brave Warrior Advisors, LLC fully exit in Q1 2026?
Brave Warrior Advisors, LLC fully exited 3 positions in Q1 2026: US BANCORP (USB, last-reported weight 0.02%), VISA INC (V, last-reported weight 0.01%), S&P GLOBAL INC (SPGI, last-reported weight 0.00%).
Which existing positions saw the largest allocation reductions for Brave Warrior Advisors, LLC in Q1 2026?
The largest portfolio-weight reductions in positions kept open were: HCA HEALTHCARE INC (HCA, -0.03% weight, -66.02% shares), BANK AMERICA CORP (BAC, -0.02% weight, -45.23% shares), MPLX LP (MPLX, -1.00% weight, -27.28% shares), ELEVANCE HEALTH INC FORMERLY (ELV, -2.15% weight, -10.34% shares), TD SYNNEX CORPORATION (SNX, 1.62% weight, -3.46% shares), D R HORTON, INC. (DHI) (DHI, -0.01% weight, -1.18% shares), MILLROSE PPTYS INC (MRP, -0.12% weight, -0.98% shares), RYANAIR HOLDINGS PLC (RYAAY, -0.82% weight, -0.57% shares), FIDELITY NATL FINL INC (FNF, -0.48% weight, -0.48% shares), ONEMAIN HLDGS INC (OMF, -2.05% weight, -0.46% 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.