Brave Warrior Advisors, LLC Anthem Holdings is one of the nation’s largest health insurance plans. Furthermore, at just 15 times expected earnings for 2022 we can see Glenn Greenberg’s attraction to the stock.
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The last time Glenn Greenberg put so much of the Brave Warrior Advisors fund into one stock it ended in a face plant.
Valeant Pharmaceuticals & Mike Pearson
7 years ago Glenn Greenberg put over 40% of Brave Warrior Advisor’s fund into Valeant Pharmaceuticals. Mike Pearson, Valeant’s CEO the darling of Wall Street. Even Hedge Fund legend Bill Ackman invested in Valeant.
But, when Valeant’s plan of raising drug prices became public. Closer eyes took a look at some of the improprieties going on at Valeant, now Bausch Health. As a result, the stock dropped from $264 to $10 per share over a few months. Glenn and Brave Warrior’s fund was left holding 7 million shares.
Though at over $3 billion Glenn Greenberg is running substantial funds again. At his height before his split with his partners, Chieftain Capital managed nearly $5 billion. Furthermore, Greenberg’s father is Detroit Tigers legend Hank Greenberg.
