9AT: BRAVE WARRIOR ADVISORS, LLC

other names

BRAVE WARRIOR ADVISORS, LLC
BRAVE WARRIOR ADVISERS, LLC
CHIEFTAIN CAPITAL MANAGEMENT, INC.
BRAVE WARRIOR CAPITAL, INC.

Adviser Profile

As of Date	03/26/2026
ADV Location	NEW YORK, NY, United States
Adviser Type - Large advisory firm
Number of Employees	6
of those in investment advisory functions	3
Registration	SEC, Approved, 04/20/1987

AUM^*	5,638,637,189 8%
of that, discretionary	5,638,637,189 8%
Private Fund GAV^*	220,467,952 -8%
Avg Account Size	19,578,601 6%
% High Net Worth	70.09% -2%
SMA’s	Yes
Private Funds	5
Contact Info	212 xxxxxxx

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals
- Pooled investment vehicles
- Pension and profit sharing plans
- Charitable organizations
- Corporations or other businesses not listed above

Advisory Activities

- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Fund Type	Count	GAV
Fund TypeHedge Fund	Count5	GAV$220,467,952

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser FENIMORE ASSET MANAGEMENT, INC.	Hedge Fund48.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV48.0m	AUM5.4b	#Funds1
Adviser RUBRIC CAPITAL MANAGEMENT LP	Hedge Fund8.7b	Liquidity Fund-	Private Equity Fund90.5m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV8.8b	AUM9.6b	#Funds7
Adviser MFN PARTNERS MANAGEMENT, LP	Hedge Fund12.4b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV12.4b	AUM12.4b	#Funds1
Adviser CALEDONIA US, LP	Hedge Fund3.7b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV3.7b	AUM3.7b	#Funds10
Adviser CAMBER CAPITAL MANAGEMENT LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM3.7b	#Funds-
Adviser GREENVALE CAPITAL LP	Hedge Fund2.5b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.5b	AUM3.7b	#Funds3
Adviser ATALANTA SOSNOFF CAPITAL, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM5.0b	#Funds-
Adviser S.B. VALUE PARTNERS, L.P.	Hedge Fund43.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV43.9m	AUM3.9b	#Funds3
Adviser COPELAND CAPITAL MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM4.1b	#Funds-
Adviser LMCG INVESTMENTS, LLC	Hedge Fund2.4b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.4b	AUM6.8b	#Funds6

Brochure Summary

Overview

Brave Warrior’s investment strategy focuses on clients investing in a limited number of long equity positions. Investments are made in demonstrably healthy businesses that Brave Warrior believes will be successful in the long-term. Brave Warrior endeavors to buy at prices that will protect clients’ capital from substantial erosion should fundamentals diverge from expectations. Clients’ assets under management are invested in securities chosen entirely at the discretion of the Advisor (provided that a client may specifically request that their account not be invested in a particular security for legal or special concerns) after the Advisor explains its investment approach and ascertains that the client is generally prepared to invest at least $5 million as a long-term investment in the equity markets without specialized needs that would require modification of the portfolio of stocks. Brave Warrior was founded in 2009 and is solely owned by Glenn H. Greenberg (the “Principal”). Effective as of October 14, 2022, Glenn H. Greenberg established 281 DBE LLC and since March 2, 2023, he currently provides his services as Chief Investment Officer and other portfolio management services through 281

DBE LLC to Brave Warrior. While the services are now provided through an entity, there has not been any change of control of the ownership of Brave Warrior, which continues to be owned by Glenn H. Greenberg. Glenn H. Greenberg continues to exercise the day-to-day control of Brave Warrior. 281 DBE LLC now has responsibility for the investment decisions for Brave Warrior. As of December 31, 2023, Brave Warrior managed approximately $5,235,785,937 of regulatory assets under management on a discretionary basis on behalf of approximately 284 accounts. Clients of Brave Warrior include Separately Managed Account (“SMA”) Clients and Private Fund Clients, which include the Brave Warrior Ranger Accredited, LP, Brave Warrior Ranger Fund (BVI) Ltd, Brave Warrior Ranger Fund, LP and Brave Warrior Ranger Qualified, LP, collectively, the “Private Funds”. The Private Funds were formerly known as the AVM Ranger Accredited, LP, AVM Ranger Fund (BVI) Ltd, AVM Ranger Fund, LP and AVM Ranger Qualified, LP, and were sub- advised by Brave Warrior from June 2020 through March 2021 on behalf of Arlington Value Capital, LLC. The SMA Clients and Private Fund Clients are collectively referred to in this brochure as the “Clients.”

BRAVE WARRIOR ADVISORS, LLC

Adviser Profile

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Private Funds Structure

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Brochure Summary

Overview