Top 5 Stock Picks of Glenn Greenberg’s Brave Warrior Capital

3. Fidelity National Financial, Inc. (NYSE:FNF)

Brave Warrior Capital’s Stake Value: $337,056,000
Percentage of Brave Warrior Capital’s 13F Portfolio: 11.57%
Number of Hedge Fund Holders: 36

Fidelity National Financial, Inc. (NYSE:FNF) offers title insurance and transaction services to the real estate and mortgage sectors. The hedge fund chaired by Greenberg held 9.12 million shares in Fidelity National Financial, Inc. (NYSE:FNF), worth over $337.06 million in Q2 2022. It is the third largest holding of Brave Warrior Capital.

Fidelity National Financial, Inc. (NYSE:FNF) recently experienced a decrease in hedge fund interest. Fidelity National Financial, Inc. (NYSE:FNF) was part of 36 hedge fund portfolios at the end of the second quarter of 2022. There were 38 hedge funds in our database with Fidelity National Financial, Inc. (NYSE:FNF) holdings at the end of the previous quarter.

On August 4, Barclays analyst Mark DeVries maintained an ‘Overweight’ rating on the stock while increasing his price objective to $68 from $66. According to DeVries’ research note to investors, the company’s Q2 results were strong across the board, led by commercial and margin strength. On August 2, Fidelity National Financial, Inc. (NYSE:FNF) published earnings for the second quarter, announcing earnings per share of $1.90, beating estimates by $0.29.

In its Q1 2021 investor letter, Merion Road Capital Management mentioned Fidelity National Financial, Inc. (NYSE:FNF). Here is what the fund said:

“During the period I added to our position in Fidelity National Financial (“FNF”). FNF is the nation’s largest title insurer with 33% market share. It was built over the last 30 years by Bill Foley, who revolutionized the industry with his emphasis on eliminating bureaucracy, utilizing technology to streamline operations, and maximizing customer service. He is well-regarded as a savvy investor and consummate deal-maker having acquired and divested multiple entities both in title and ancillary fields. He continues to serve as the chairman of FNF with a personal stake in the company worth hundreds of millions… (Click to read the full text)”.