Brave Warrior Advisors, reported a sale of 54,977 shares of OneMain Holdings (OMF 2.06%) on its February 17, 2026, SEC filing, with the estimated transaction value at $3.34 million based on quarterly average pricing.
What happened
According to a February 17, 2026, SEC filing, Brave Warrior Advisors reduced its position in OneMain Holdings by 54,977 shares during the fourth quarter. The estimated transaction value was $3.34 million based on the quarter's average closing price. The quarter-end value of the stake increased by $82.72 million, a figure that includes both the effects of share sales and stock price changes during the period.
What else to know
- Brave Warrior Advisors’ OMF stake is now 12.25% of its $4.27 billion reportable AUM.
- Top holdings after the filing:
- NYSE:OMF: $522.79 million (12.2% of AUM)
- NYSE:SNX: $475.21 million (11.1% of AUM)
- NYSE:ELV: $438.82 million (10.3% of AUM)
- NASDAQ:SLM: $347.23 million (8.1% of AUM)
- NYSE:AN: $320.61 million (7.5% of AUM)
- As of Wednesday, OMF shares were priced at $55, up 10% over the past year and well underperforming the S&P 500’s roughly 16% gain in the same period.
- OMF shares surged nearly 20% last quarter but have tanked about 20% this year.
Company overview
| Metric | Value |
|---|---|
| Revenue (TTM) | $4.97 billion |
| Net income (TTM) | $783.00 million |
| Dividend yield | 8% |
| Price (as of Wednesday) | $55 |
Company Snapshot
- OneMain Holdings offers personal loans, credit cards, and insurance products such as life, disability, and involuntary unemployment insurance, primarily through a network of branch offices and its online platform.
- The company generates revenue by originating, underwriting, and servicing secured and unsecured consumer loans, as well as by providing insurance and membership products.
OneMain Holdings is a leading consumer finance company focused on providing personal loans and related financial products to individuals underserved by traditional banks. With a nationwide branch footprint and a robust digital presence, the company leverages deep underwriting expertise and risk management to serve a broad customer base. Its scale and diversified product suite support consistent earnings and a competitive position within the non-prime lending market.
What this transaction means for investors
This move is a classic example of showing conviction without complacency. OneMain remains the largest position in the portfolio at roughly 12% of assets, even after a modest trim. That signals continued belief in a lender that just delivered $6.56 in full-year diluted EPS and $783 million in net income, up sharply from the prior year, while paying a $1.05 quarterly dividend and repurchasing $70 million of stock in the fourth quarter.
Managed receivables climbed to $26.3 billion, up 6% year over year, and capital generation reached $913 million for 2025. Net charge-offs sit at 7.56%, broadly stable with recent history, and the allowance ratio stands at 11.54%, suggesting reserves remain meaningful relative to risk.
Zooming out, the fund seems to favor cash generative, asset-backed businesses with disciplined underwriting, whether in consumer finance, distribution, or auto retail, and OneMain fits that mold. The stock has lagged the S&P 500 over the past year and swung sharply this quarter, but earnings power and capital returns continue to anchor the thesis.
