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 |
APA Corp
APA
|
+$129M |
| 2 |
FedEx
FDX
|
+$88.1M |
| 3 |
Axalta
AXTA
|
+$83M |
| 4 |
Meta Platforms (Facebook)
META
|
+$46.8M |
| 5 |
KKR & Co
KKR
|
+$40.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EQT Corp
EQT
|
+$194M |
| 2 |
Amazon
AMZN
|
+$153M |
| 3 |
JPMorgan Chase
JPM
|
+$136M |
| 4 |
CarMax
KMX
|
+$114M |
| 5 |
MON
Monsanto Co
MON
|
+$80.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 36.9% |
| 2 | Consumer Discretionary | 13.56% |
| 3 | Energy | 11.86% |
| 4 | Communication Services | 11.85% |
| 5 | Industrials | 7.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Costco
COST
$420B
| $296M | 1.28% |
1,767,667
-77,626
| -4% | -$13M |
|
|
ESRX
27
DELISTED
Express Scripts Holding Company
ESRX
| $281M | 1.21% |
4,257,264
-57,994
| -1% | -$3.99M |
|
28
Berkshire Hathaway Class B
BRK.B
$1.06T
| $279M | 1.2% |
1,672,116
-45,192
| -3% | -$7.56M |
|
|
29
CarMax
KMX
$8.82B
| $275M | 1.18% |
4,637,751
-1,761,007
| -28% | -$114M |
|
30
Markel Group
MKL
$22.2B
| $274M | 1.18% |
281,185
+9,380
| +3% | +$8.87M |
|
31
Microsoft
MSFT
$3.59T
| $260M | 1.12% |
3,947,741
-153,064
| -4% | -$9.81M |
|
32
Loews
L
$22.5B
| $256M | 1.1% |
5,474,363
-65,398
| -1% | -$3.06M |
|
33
Booking.com
BKNG
$158B
| $216M | 0.93% |
3,035,675
-153,475
| -5% | -$10.1M |
|
|
34
Axalta
AXTA
$7.75B
| $216M | 0.93% |
6,699,596
+2,795,640
| +72% | +$83M |
|
35
Chubb
CB
$132B
| $213M | 0.92% |
1,562,241
-22,882
| -1% | -$3.08M |
|
36
Ecolab
ECL
$78.9B
| $210M | 0.9% |
1,673,872
-71,772
| -4% | -$8.77M |
|
37
Oracle
ORCL
$422B
| $184M | 0.79% |
4,113,671
-166,862
| -4% | -$6.95M |
|
38
US Bancorp
USB
$96.7B
| $121M | 0.52% |
2,355,729
+122,810
| +5% | +$6.55M |
|
|
39
FedEx
FDX
$76.9B
| $90M | 0.39% |
+460,972
| New | +$88.1M |
|
40
JD.com
JD
$39.7B
| $72.3M | 0.31% |
2,324,161
+102,925
| +5% | +$3.03M |
|
|
SFUN
41
DELISTED
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
| $66.6M | 0.29% |
408,717
+60,166
| +17% | +$9.84M |
|
42
Goldman Sachs
GS
$303B
| $57.7M | 0.25% |
251,290
+388
| +0.2% | +$93.7K |
|
43
ZTO Express
ZTO
$16.2B
| $54.8M | 0.24% |
4,187,932
+1,200,132
| +40% | +$15.5M |
|
44
Everest Group
EG
$14.2B
| $53.4M | 0.23% |
228,360
+30,598
| +15% | +$6.99M |
|
45
New Oriental
EDU
$8.88B
| $50.3M | 0.22% |
832,339
+409,586
| +97% | +$20.8M |
|
46
Vipshop
VIPS
$6.98B
| $47.2M | 0.2% |
3,536,206
+166,783
| +5% | +$2.06M |
|
|
QVCGA
47
DELISTED
QVC Group Inc Series A
QVCGA
| $47M | 0.2% |
48,374
-1,433
| -3% | -$1.35M |
|
48
Alibaba
BABA
$286B
| $43.6M | 0.19% |
404,270
+38,138
| +10% | +$3.88M |
|
49
Bausch Health
BHC
$2.41B
| $43.2M | 0.19% |
3,917,812
-3,082,491
| -44% | -$42.4M |
|
|
50
KKR & Co
KKR
$97.4B
| $41.8M | 0.18% |
+2,292,605
| New | +$40.7M |
|
Similar funds
Christopher Davis's Q1 2017 Portfolio in Review
As of Q1 2017, Christopher Davis held 152 positions worth $23.2B, up 1.5% from $22.8B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Christopher Davis's Q1 2017 filing shows 10 new, 61 increased, 64 reduced and 11 closed positions. Its largest new stake was FedEx: 460,972 shares worth $90M. The largest sale was EQT Corp, an estimated $194M.
By sector, the portfolio is most concentrated in Financials at 37% of assets, down from 37% a quarter earlier, followed by Consumer Discretionary and Energy.
- Christopher Davis's largest Q1 2017 buy was FedEx: 460,972 shares worth $90M.
- Christopher Davis added most to APA Corp in Q1 2017, an estimated $129M increase.
- Christopher Davis's biggest Q1 2017 reduction was Amazon, cutting an estimated $153M.
- Christopher Davis fully exited EQT Corp in Q1 2017, selling an estimated $194M.
- Christopher Davis's ten largest holdings make up 48% of its $23.2B portfolio in Q1 2017.
- Christopher Davis opened 10 new positions and closed 11 in Q1 2017.
- Christopher Davis's portfolio value rose 1.5% quarter-over-quarter to $23.2B.
Based on Davis Selected Advisers's 13F filing for Q1 2017, filed 12 May 2017.