Below is a spreadsheet that highlights the changes to in Glenn Greenberg's Brave Warrior Capital US long stock portfolio as of Q2 2012:
The portfolio increased in value from around $1.36B to $1.41B. From the pattern of trades, it looks like the fund did attract new investments this quarter. Most of the changes are incremental but two of the trades stand out:
The portfolio increased in value from around $1.36B to $1.41B. From the pattern of trades, it looks like the fund did attract new investments this quarter. Most of the changes are incremental but two of the trades stand out:
- Aon Corporation (AON): The entire 4.61% stake was eliminated this quarter at prices between $45 and $52.50. The stock currently trades at around $52.50. The bulk of the stake was established in Q1 2011 at prices between $43.90 and $53. The stake disposal indicates a clear bearish bias.
- Oracle Corporation (ORCL): the stake was doubled this quarter to a large 8.43% stake at prices between $25.50 and $29.80. The original stake was purchased in Q4 2011 at prices between $25.50 and $33.50. The stock currently trades at around $31.75. The stake doubling indicates a clear bullish bias.
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