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Livermore
Livermore
ZHEN

Brahman Capital Corp.

SEC CIK
0001014894
Latest filing
Nov 14, 2023

The latest 13F from Brahman Capital Corp. covers Q3 2023 (filed Nov 14, 2023): 20 long positions worth $274.5M. The top 10 holdings make up 90.7% of the portfolio, and the largest is Clarivate PLC (CLVT) at 26.8%. Livermore has 12 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2023

Share counts compared with Q2 2023: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
2
Est. +$16.5M
Added
2
Est. +$338.5K
Reduced
14
Est. −$46.5M
Sold out
4
Est. −$26.8M

Top 5 holdings

Share of this quarter's portfolio value

  1. CLVTClarivate PLC
    26.8%$73.6MHistory
  2. GDDYGoDaddy Inc.
    15.3%$42.1MHistory
  3. WBDWarner Bros. Discovery, Inc.
    11.5%$31.6MHistory
  4. DLTRDollar Tree, Inc.
    7.6%$21.0MHistory
  5. USFDUS Foods Holding Corp.
    7.0%$19.1MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. ELVElevance Health, Inc.
    +$10.4MNewHistory
  2. MATMattel Inc
    +$6.15MNewHistory
  3. UTHRUnited Therapeutics Corp
    +$295.4KAddedHistory
  4. IQVIQVIA Holdings Inc.
    +$43.1KAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. ELVElevance Health, Inc.
    +3.77 pp0.0% → 3.8%History
  2. MATMattel Inc
    +2.24 pp0.0% → 2.2%History
  3. IQVIQVIA Holdings Inc.
    +0.43 pp2.4% → 2.8%History
  4. UTHRUnited Therapeutics Corp
    +0.31 pp0.5% → 0.9%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. ARMKAramark
    −$20.1MSold outHistory
  2. VRTVertiv Holdings Co
    −$15.4MReducedHistory
  3. EVBGEverbridge, Inc.
    −$6.91MReducedHistory
  4. FTAIFTAI Aviation Ltd.
    −$6.36MReducedHistory
  5. GDDYGoDaddy Inc.
    −$4.07MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. ARMKAramark
    −5.45 pp5.5% → 0.0%History
  2. EVBGEverbridge, Inc.
    −2.17 pp3.0% → 0.8%History
  3. CLVTClarivate PLC
    −2.01 pp28.8% → 26.8%History
  4. DLTRDollar Tree, Inc.
    −1.09 pp8.7% → 7.6%History
  5. NRGNRG Energy, Inc.
    −1.05 pp1.1% → 0.0%History

Metrics

13F metrics for Q3 2023, computed only from the numbers in the filings. Definitions below.

Portfolio value
$274.5M
−$93.6M (−25.4%) vs. prior quarter
Positions
20
−2 vs. prior quarter
Top 10 concentration
90.7%
Top 10 as share of value
Turnover
5.2%
Q3 2023, one quarter
Average holding period
6.7 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

11 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.37B (Q4 2021)

Q1 2021: $1.18BQ2 2021: $1.35BQ3 2021: $1.37BQ4 2021: $1.37BQ1 2022: $1.13BQ2 2022: $837.0MQ3 2022: $706.8MQ4 2022: $721.3MQ1 2023: $813.8MQ2 2023: $368.1MQ3 2023: $274.5M
Q1 2021Q3 2023
13F filings of Brahman Capital Corp. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2023Nov 14, 202320$274.5MCLVTGDDYWBDvs. Q2 2023SEC
Q2 2023Aug 14, 202322$368.1MCLVTGDDYWBDvs. Q1 2023SEC
Q1 2023May 15, 202320$813.8MGDDYCLVTWBDvs. Q4 2022SEC
Q4 2022Feb 14, 202322$721.3MGDDYDLTRWBDvs. Q3 2022SEC
Q3 2022Nov 14, 202222$706.8MGDDYWBDHOGvs. Q2 2022SEC
Q2 2022Sep 28, 2022Amended22$837.0MGDDYWBDAMBPvs. Q1 2022SECSEC
Q1 2022May 16, 202224$1.13BGDDYDLTRVRTvs. Q4 2021SEC
Q4 2021Feb 14, 202229$1.37BGDDYVRTAMBPvs. Q3 2021SEC
Q3 2021Nov 15, 202129$1.37BGDDYVRTEBAYvs. Q2 2021SEC
Q2 2021Aug 16, 202128$1.35BGDDYVRTEBAYvs. Q1 2021SEC
Q1 2021May 17, 202126$1.18BGDDYVRTNLSN–SEC

13D and 13G filings

Companies where Brahman Capital Corp. reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Brahman Capital Corp. does not currently report owning 5% or more of any company.

Latest filings

6 filings on file made by Brahman Capital Corp. or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Brahman Capital Corp.
CompanyFiled (ET)FormStakeChangeEvent dateFiling
WBDWarner Bros. Discovery, Inc.Feb 14, 202313G/AOld format–––SEC
BOACBluescape Opportunities Acquisition Corp.Feb 14, 202313G/AOld format–––SEC
BOACBluescape Opportunities Acquisition Corp.Jan 6, 202313GOld format–––SEC
BOACBluescape Opportunities Acquisition Corp.Feb 14, 202213G/AOld format–––SEC
WBDWarner Bros. Discovery, Inc.Jan 7, 202213GOld format–New–SEC
BOACBluescape Opportunities Acquisition Corp.Feb 16, 202113GOld format–New–SEC