Christopher Davis Davis Selected Advisers
Christopher Davis is chairman of Davis Advisors, a multi-generational investment firm known for research-intensive equity management. The firm’s strategies often emphasize financials and other businesses where long-term ownership and careful accounting analysis matter. Davis is a frequent public commentator on active management and long-horizon investing.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Labcorp
LH
|
+$165M |
| 2 |
QIHU
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
|
+$117M |
| 3 |
TWTR
Twitter, Inc.
TWTR
|
+$99.6M |
| 4 |
UnitedHealth
UNH
|
+$51M |
| 5 |
Textron
TXT
|
+$48.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class A
BRK.A
|
+$309M |
| 2 |
CVS Health
CVS
|
+$218M |
| 3 |
Occidental Petroleum
OXY
|
+$200M |
| 4 |
Coca-Cola
KO
|
+$164M |
| 5 |
Y
Alleghany Corp
Y
|
+$152M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 39.49% |
| 2 | Healthcare | 13.67% |
| 3 | Communication Services | 10.93% |
| 4 | Consumer Discretionary | 7.99% |
| 5 | Energy | 6.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Microsoft
MSFT
$3.59T
| $426M | 1.04% |
11,378,912
-159,961
| -1% | -$5.81M |
|
27
Brookfield
BN
$93.1B
| $396M | 0.97% |
43,534,275
-1,770,104
| -4% | -$16.1M |
|
28
Oracle
ORCL
$422B
| $394M | 0.96% |
10,303,865
-210,174
| -2% | -$7.22M |
|
29
Walt Disney
DIS
$186B
| $393M | 0.96% |
5,148,575
-1,161,410
| -18% | -$80.5M |
|
30
JPMorgan Chase
JPM
$935B
| $393M | 0.96% |
6,719,627
-351,777
| -5% | -$19.3M |
|
|
31
Coca-Cola
KO
$392B
| $381M | 0.93% |
9,219,272
-4,154,011
| -31% | -$164M |
|
32
Chubb
CB
$132B
| $371M | 0.91% |
3,582,600
-75,528
| -2% | -$7.42M |
|
|
MON
33
DELISTED
Monsanto Co
MON
| $346M | 0.85% |
2,968,117
-100,313
| -3% | -$11M |
|
34
Ameriprise Financial
AMP
$49.1B
| $344M | 0.84% |
2,986,588
-129,001
| -4% | -$13.3M |
|
|
ATVI
35
DELISTED
Activision Blizzard
ATVI
| $337M | 0.82% |
18,876,684
-2,435,677
| -11% | -$41.9M |
|
36
Philip Morris
PM
$293B
| $325M | 0.79% |
3,728,580
-59,562
| -2% | -$5.2M |
|
|
QVCGA
37
DELISTED
QVC Group Inc Series A
QVCGA
| $306M | 0.75% |
253,755
-4,270
| -2% | -$4.75M |
|
|
38
Occidental Petroleum
OXY
$61.3B
| $301M | 0.74% |
3,304,118
-2,189,555
| -40% | -$200M |
|
|
PX
39
DELISTED
Praxair Inc
PX
| $293M | 0.71% |
2,250,026
-27,320
| -1% | -$3.41M |
|
40
Iron Mountain
IRM
$36.3B
| $288M | 0.7% |
10,253,019
-227,576
| -2% | -$5.83M |
|
|
41
Berkshire Hathaway Class B
BRK.B
$1.06T
| $287M | 0.7% |
2,424,072
-78,274
| -3% | -$9.05M |
|
42
SLB Ltd
SLB
$79.9B
| $273M | 0.67% |
3,026,384
-40,877
| -1% | -$3.69M |
|
|
43
Textron
TXT
$14.3B
| $222M | 0.54% |
6,046,016
+1,586,273
| +36% | +$48.7M |
|
44
Harley-Davidson
HOG
$2.93B
| $222M | 0.54% |
3,209,063
-52,397
| -2% | -$3.47M |
|
45
Diageo
DEO
$52.6B
| $219M | 0.54% |
1,656,847
-81,466
| -5% | -$10.4M |
|
46
Agilent Technologies
A
$44.9B
| $205M | 0.5% |
5,011,859
-56,289
| -1% | -$2.14M |
|
47
Netflix
NFLX
$331B
| $186M | 0.46% |
35,410,970
-486,850
| -1% | -$2.39M |
|
48
Everest Group
EG
$14.2B
| $185M | 0.45% |
1,188,199
-87,880
| -7% | -$13.4M |
|
49
HP
HPQ
$27.2B
| $181M | 0.44% |
14,209,460
-278,297
| -2% | -$3.2M |
|
50
Markel Group
MKL
$22.2B
| $176M | 0.43% |
302,859
-22,434
| -7% | -$12.2M |
|
Similar funds
Christopher Davis's Q4 2013 Portfolio in Review
As of Q4 2013, Christopher Davis held 202 positions worth $40.9B, up 6.2% from $38.5B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Christopher Davis withdrew a net $1.75B in Q4 2013, closing 12 positions and reducing 110 holdings. Its most notable exit was Digital Realty Trust, an estimated $38.9M position sold in full.
By sector, the portfolio is most concentrated in Financials at 39% of assets, down from 40% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Christopher Davis opened a new position in QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS worth $114M.
- Christopher Davis's largest Q4 2013 buy was QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS: 1,395,178 shares worth $114M.
- Christopher Davis added most to Labcorp in Q4 2013, an estimated $165M increase.
- Christopher Davis's biggest Q4 2013 reduction was Berkshire Hathaway Class A, cutting an estimated $309M.
- Christopher Davis fully exited Digital Realty Trust in Q4 2013, selling an estimated $38.9M.
- Christopher Davis's ten largest holdings make up 52% of its $40.9B portfolio in Q4 2013.
- Christopher Davis opened 15 new positions and closed 12 in Q4 2013.
- Christopher Davis's portfolio value rose 6.2% quarter-over-quarter to $40.9B.
Based on Davis Selected Advisers's 13F filing for Q4 2013, filed 12 Feb 2014.