Brave Warrior Advisors, LLC

This decline in total assets under management (AUM) is driven by a combination of active portfolio de-risking—evident in the exit from 14 positions—and significant reductions in existing stakes (10 positions). The turnover rate is notably high, indicating a dynamic management style that is not afraid to rotate capital aggressively based on valuation concerns or changing market outlooks.

2. Key Holdings

The portfolio is dominated by a few large-cap positions, with the top three holdings accounting for nearly 43% of the total assets.