Glenn Greenberg – Brave Warrior Advisors Portfolio Activity & Recent Trades (Jun 30, 2025)

As of Jun 30, 2025, the Brave Warrior Advisors portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 14, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q2 2025, the filing reported:

New Buys – U.S. Bancorp (USB), Texas Instruments Incorporated (TXN), Meta Platforms, Inc. (META)

Increases – Capital One Financial Corporati (COF), SLM Corporation (SLM), Builders FirstSource, Inc. (BLDR), OneMain Holdings, Inc. (OMF), AutoNation, Inc. (AN), and 3 more

Reductions – Microsoft Corporation (MSFT), Primerica, Inc. (PRI), D.R. Horton, Inc. (DHI), Antero Midstream Corporation (AM), Lennar Corporation (LEN), and 7 more

Complete Exits – Ally Financial Inc. (ALLY), Lithia Motors, Inc. (LAD), Discover Financial Services (DFS)

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Brave Warrior Advisors Activity

Date	Symbol	Name	Type	Quantity	Value	Remaining
Q4 2023Dec 31, 2023	ICLR ICON	ICON	Sell - Position Exit	-950-100.0%	$0.00	-
Q4 2023Dec 31, 2023	LPX Louisiana-Pacific Corporation	Louisiana-Pacific Corporation	Sell	-1,331-0.6%	$16.27M	229,739
Q4 2023Dec 31, 2023	PRI Primerica, Inc.	Primerica, Inc.	Sell	-2,280-0.1%	$434.92M	2,113,726
Q4 2023Dec 31, 2023	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-3,110-45.1%	$534.13K	3,790
Q4 2023Dec 31, 2023	MCO Moody's Corporation	Moody's Corporation	Sell - Position Exit	-3,150-100.0%	$0.00	-
Q4 2023Dec 31, 2023	RJF Raymond James Financial, Inc.	Raymond James Financial, Inc.	Sell	-3,521-0.2%	$238.30M	2,137,186
Q4 2023Dec 31, 2023	FAF First American Corporation (New	First American Corporation (New	Sell - Position Exit	-6,000-100.0%	$0.00	-
Q4 2023Dec 31, 2023	BC Brunswick Corporation	Brunswick Corporation	Sell - Position Exit	-6,828-100.0%	$0.00	-
Q4 2023Dec 31, 2023	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Sell	-7,382-0.4%	$281.71M	1,656,158
Q4 2023Dec 31, 2023	AM Antero Midstream Corporation	Antero Midstream Corporation	Sell	-7,895-0.4%	$27.88M	2,225,260
Q4 2023Dec 31, 2023	EPD Enterprise Products Partners L.	Enterprise Products Partners L.	Sell - Position Exit	-10,000-100.0%	$0.00	-
Q4 2023Dec 31, 2023	FNF FNF Group of Fidelity National	FNF Group of Fidelity National	Sell	-45,848-0.5%	$482.16M	9,450,324
Q4 2023Dec 31, 2023	LAD Lithia Motors, Inc.	Lithia Motors, Inc.	Sell	-58,926-6.7%	$271.32M	823,982
Q4 2023Dec 31, 2023	URI United Rentals, Inc.	United Rentals, Inc.	Sell - Position Exit	-418,615-100.0%	$0.00	-
Q4 2023Dec 31, 2023	LEN Lennar Corporation	Lennar Corporation	Sell	-442,371-43.6%	$85.19M	571,567
Q4 2023Dec 31, 2023	DHI D.R. Horton, Inc.	D.R. Horton, Inc.	Sell	-442,429-36.6%	$116.62M	767,358
Q4 2023Dec 31, 2023	FG F&G Annuities & Life, Inc.	F&G Annuities & Life, Inc.	Sell	-472,822-7.1%	$285.99M	6,217,094
Q4 2023Dec 31, 2023	APO Apollo Global Management, Inc.	Apollo Global Management, Inc.	Sell	-2,286,975-33.7%	$419.66M	4,503,321
Q3 2023Sep 30, 2023	DFS Discover Financial Services	Discover Financial Services	Buy - Position Entry	+2,381,258	$206.29M	2,381,258
Q3 2023Sep 30, 2023	FNF FNF Group of Fidelity National	FNF Group of Fidelity National	Buy	+408,109+4.5%	$392.19M	9,496,172
Q3 2023Sep 30, 2023	ELV Elevance Health, Inc.	Elevance Health, Inc.	Buy	+306,326+23.2%	$708.69M	1,627,598
Q3 2023Sep 30, 2023	LEN Lennar Corporation	Lennar Corporation	Buy	+290,822+40.2%	$113.79M	1,013,938
Q3 2023Sep 30, 2023	LPX Louisiana-Pacific Corporation	Louisiana-Pacific Corporation	Buy - Position Entry	+231,070	$12.77M	231,070
Q3 2023Sep 30, 2023	EPD Enterprise Products Partners L.	Enterprise Products Partners L.	Buy - Position Entry	+10,000	$273.70K	10,000
Q3 2023Sep 30, 2023	UNH UnitedHealth Group Incorporated	UnitedHealth Group Incorporated	Sell	-396-35.8%	$357.98K	710
Q3 2023Sep 30, 2023	FAF First American Corporation (New	First American Corporation (New	Sell	-400-6.3%	$338.94K	6,000
Q3 2023Sep 30, 2023	ABG Asbury Automotive Group Inc	Asbury Automotive Group Inc	Sell	-1,300-0.5%	$63.33M	275,266
Q3 2023Sep 30, 2023	AN AutoNation, Inc.	AutoNation, Inc.	Sell	-1,471-1.2%	$18.12M	119,707
Q3 2023Sep 30, 2023	CMA Comerica Incorporated	Comerica Incorporated	Sell - Position Exit	-7,500-100.0%	$0.00	-
Q3 2023Sep 30, 2023	AM Antero Midstream Corporation	Antero Midstream Corporation	Sell	-19,247-0.9%	$26.75M	2,233,155

Page 6 of 19 • 555 total trades

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