13F
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Brave Warrior Advisors, LLC

13F equity value
$4.0B
Positions
36
Top 10 concentration
75.3%
Quarters / total new picks
22 / 80
13F equity value over time
$0M$2B$5B2017201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 22 quarters, returned +8.3% per quarter — versus +4.5% per quarter from simply owning every 13F stock. It beat that baseline in only 59.1% of quarters (excess t = 1.80, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+7.4%
t-stat
1.80
Quarterly win rate
59%
Annualized excess
+15.8%
$1 → follow vs universe
$4.79 vs $2.39
Cumulative return: $1 invested in new picks vs universe
1.00 20180930: universe 1.04620190930: universe 1.12520191231: universe 0.90720200331: universe 1.09420200630: universe 1.20820200930: universe 1.48220220331: universe 1.59120220630: universe 1.47420220930: universe 1.58420221231: universe 1.47120230331: universe 1.55020230630: universe 1.49420230930: universe 1.69620231231: universe 1.77220240331: universe 1.81220240630: universe 1.97620240930: universe 1.95920241231: universe 1.82920250331: universe 1.99320250630: universe 2.05620250930: universe 2.31220251231: universe 2.392 20180930: follow 1.10420190930: follow 1.17220191231: follow 1.04520200331: follow 1.32120200630: follow 1.79520200930: follow 1.97220220331: follow 2.01820220630: follow 1.96720220930: follow 2.57520221231: follow 3.10020230331: follow 3.50420230630: follow 3.47920230930: follow 3.88920231231: follow 3.91220240331: follow 3.81420240630: follow 3.41920240930: follow 3.62520241231: follow 3.52820250331: follow 3.58620250630: follow 3.17320250930: follow 4.40820251231: follow 4.788 0.83 3.00 5.17 2018201920202022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 36 · 2026 Q1

Ticker Value Weight QoQ
SNX $515M
12.8%
TRIM
OMF $412M
10.2%
HOLD
ICLR $332M
8.2%
NEW
ELV $329M
8.1%
TRIM
AN $302M
7.5%
HOLD
SLM $291M
7.2%
ADD
MRP $238M
5.9%
HOLD
PRI $220M
5.5%
ADD
LEN $209M
5.2%
HOLD
BLDR $195M
4.8%
HOLD
MPLX $186M
4.6%
TRIM
COF $183M
4.5%
HOLD
RYAAY $176M
4.3%
HOLD
FNF $162M
4.0%
HOLD
FG $136M
3.4%
HOLD
DHI $95M
2.4%
HOLD
AM $42M
1.0%
HOLD
GOOGL $6M
0.1%
HOLD
JPM $2M
0.0%
HOLD
SUNB $2M
0.0%
NEW

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.