Brave Warrior Advisors, LLC 13F: Quarter-over-Quarter Portfolio Changes
Brave Warrior Advisors, LLC reported a disclosed portfolio value of approximately $4.0 billion in its latest SEC Form 13F-HR filing for Q1 2026, down 5.4% quarter on quarter. Over the quarter, the manager initiated 6 new positions, bought more shares in 5 holdings, trimmed 16 holdings, and exited 3 positions.
Brave Warrior Advisors, LLC's top buy was a new stake in Icon PLC (iclr) (ICLR) , equal to 8.2% of the disclosed portfolio. Its top sell was US Bancorp (USB) . The manager exited the position completely after it had accounted for 0.0% of the previous portfolio.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| ICON PLC (ICLR) | ICLR | 8.2% | History → |
| SUNBELT RENTALS HOLDINGS INC | SUNB | 0.0% | Holders → |
| ARES MANAGEMENT CORPORATION | ARES | 0.0% | Holders → |
| APOLLO GLOBAL MGMT INC | APO | 0.0% | Holders → |
| FIRST AMERN FINL CORP | FAF | 0.0% | Holders → |
| ENERGY TRANSFER L P | ET | 0.0% | Holders → |
Top BuysQ1 2026
The manager's top buys among existing positions in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| MICROSOFT | MSFT | +0.0% | +285.7% | Holders → |
| PRIMERICA INC | PRI | +0.7% | +12.7% | History → |
| META PLATFORMS INC | META | +0.0% | +10.4% | Holders → |
| SLM CORP | SLM | +-0.9% | +5.9% | History → |
| PROGRESSIVE CORP | PGR | +-0.0% | +2.5% | Holders → |
Top SellsQ1 2026
Showing the top 10 sells among 16 existing positions where the manager sold shares in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| HCA HEALTHCARE INC | HCA | -0.0% | 66.0% | Holders → |
| BANK OF AMER CORP | BAC | -0.0% | 45.2% | Holders → |
| MPLX LP | MPLX | -1.0% | 27.3% | Holders → |
| ELEVANCE HEALTH INC | ELV | -2.1% | 10.3% | History → |
| TD SYNNEX CORPORATION | SNX | 1.6% | 3.5% | History → |
| D R HORTON, INC. (DHI) | DHI | -0.0% | 1.2% | Holders → |
| MILLROSE PPTYS INC | MRP | -0.1% | 1.0% | History → |
| RYANAIR HOLDINGS PLC | RYAAY | -0.8% | 0.6% | Holders → |
| FIDELITY NATL FINL INC | FNF | -0.5% | 0.5% | Holders → |
| ONEMAIN HLDGS INC | OMF | -2.0% | 0.5% | History → |
Full ExitsQ1 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 | 0.0% |
| VISA | V | 0.0% |
| S&P GLOBAL INC | SPGI | 0.0% |
Net Portfolio Value ChangeQ1 2026
- $4.3BPrior quarter
- $4.0BCurrent quarter
- $-0.2BNet delta
- -5.4%% 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 Q1 2026?
In Q1 2026, Brave Warrior Advisors, LLC initiated 6 new positions (ICON PLC (ICLR) (ICLR), SUNBELT RENTALS HOLDINGS INC (SUNB), ARES MANAGEMENT CORPORATION (ARES), APOLLO GLOBAL MGMT INC (APO), FIRST AMERN FINL CORP (FAF), ENERGY TRANSFER L P (ET)); bought more shares of MICROSOFT (MSFT), PRIMERICA INC (PRI), META PLATFORMS INC (META), SLM CORP (SLM), PROGRESSIVE CORP (PGR).
What stocks did Brave Warrior Advisors, LLC sell in Q1 2026?
In Q1 2026, Brave Warrior Advisors, LLC fully sold 3 positions (US BANCORP (USB), VISA (V), S&P GLOBAL INC (SPGI)); reduced holdings in HCA HEALTHCARE INC (HCA), BANK OF AMER CORP (BAC), MPLX LP (MPLX), ELEVANCE HEALTH INC (ELV), TD SYNNEX CORPORATION (SNX) — the largest 5 of 16 reductions.
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, 8.2%), SUNBELT RENTALS HOLDINGS INC (SUNB, 0.0%), ARES MANAGEMENT CORPORATION (ARES, 0.0%), APOLLO GLOBAL MGMT INC (APO, 0.0%), FIRST AMERN FINL CORP (FAF, 0.0%), ENERGY TRANSFER L P (ET, 0.0%).
Which existing positions saw the largest allocation increases for Brave Warrior Advisors, LLC in Q1 2026?
Of 5 existing positions with share-count increases in Q1 2026, the largest were: MICROSOFT (MSFT, +0.0% weight, +285.7% shares), PRIMERICA INC (PRI, +0.7% weight, +12.7% shares), META PLATFORMS INC (META, +0.0% weight, +10.4% shares), SLM CORP (SLM, +-0.9% weight, +5.9% shares), PROGRESSIVE CORP (PGR, +-0.0% weight, +2.5% 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 0.0%), VISA (V, last-reported weight 0.0%), S&P GLOBAL INC (SPGI, last-reported weight 0.0%).
Which existing positions saw the largest allocation reductions for Brave Warrior Advisors, LLC in Q1 2026?
Of 16 existing positions with share-count reductions in Q1 2026, the largest were: HCA HEALTHCARE INC (HCA, -0.0% weight, -66.0% shares), BANK OF AMER CORP (BAC, -0.0% weight, -45.2% shares), MPLX LP (MPLX, -1.0% weight, -27.3% shares), ELEVANCE HEALTH INC (ELV, -2.1% weight, -10.3% shares), TD SYNNEX CORPORATION (SNX, 1.6% weight, -3.5% shares), D R HORTON, INC. (DHI) (DHI, -0.0% weight, -1.2% shares), MILLROSE PPTYS INC (MRP, -0.1% weight, -1.0% shares), RYANAIR HOLDINGS PLC (RYAAY, -0.8% weight, -0.6% shares), FIDELITY NATL FINL INC (FNF, -0.5% weight, -0.5% shares), ONEMAIN HLDGS INC (OMF, -2.0% weight, -0.5% 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.