In a quarterly filing with the SEC, Glenn Greenberg's Brave Warrior Advisors revealed a significant reduction in its position in Millrose Properties, Inc. (MRP). The disclosure, which reflects trades made during the second quarter ending June 30, 2026, showed the firm's holding decreased from 8.52 million to 6.03 million shares. This 29.18% reduction lowered the reported value of the stake from $238.45 million to $181.22 million.
Millrose Properties specializes in acquiring and developing land to provide finished homesites for residential homebuilders. This transaction is noteworthy as it comes from a highly respected value investor known for a concentrated, long-term investment approach. The sale reduced Brave Warrior's portfolio weight in the company from 5.90% to 3.95%, based on the latest filing.