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CD

Christopher Davis Davis Selected Advisers

AUM $23.3B
1-Year Est. Return 26.95%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+5.78%
1 Year Est. Return
+26.95%
3 Year Est. Return
+93.11%
5 Year Est. Return
+96.73%
10 Year Est. Return
+388.76%
AUM
$23.5B
AUM Growth
+$642M
Cap. Flow
-$495M
Cap. Flow %
-2.11%
Top 10 Hldgs %
47.8%
Holding
146
New
4
Increased
46
Reduced
83
Closed
3

Top Buys

Rank Stock Value
1
COF icon
Capital One
COF
+$290M
2
AXTA icon
Axalta
AXTA
+$65.7M
3
VSA
VisionSys AI
VSA
+$28.1M
4
BABA icon
Alibaba
BABA
+$20.7M
5
WFC icon
Wells Fargo
WFC
+$19.6M

Top Sells

Rank Stock Value
1
UNH icon
UnitedHealth
UNH
+$237M
2
V icon
Visa
V
+$78.4M
3
JPM icon
JPMorgan Chase
JPM
+$69.6M
4
COST icon
Costco
COST
+$46.7M
5
AMZN icon
Amazon
AMZN
+$42.7M

Sector Composition

Rank Sector Weight
1 Financials 39.75%
2 Consumer Discretionary 13.48%
3 Communication Services 12.12%
4 Energy 10.83%
5 Industrials 8.45%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MKL icon
26
Markel Group
MKL
$22.2B
$282M 1.2%
264,054
-11,979
-4% -$12.4M
AXTA icon
27
Axalta
AXTA
$7.75B
$272M 1.16%
9,402,305
+2,173,915
+30% +$65.7M
MSFT icon
28
Microsoft
MSFT
$3.59T
$260M 1.11%
3,488,561
-206,927
-6% -$15.1M
UNH icon
29
UnitedHealth
UNH
$350B
$256M 1.09%
1,305,135
-1,228,598
-48% -$237M
V icon
30
Visa
V
$693B
$246M 1.05%
2,342,817
-772,592
-25% -$78.4M
ESRX
31
DELISTED
Express Scripts Holding Company
ESRX
$244M 1.04%
3,848,419
-162,772
-4% -$10.1M
L icon
32
Loews
L
$22.5B
$244M 1.04%
5,087,910
-143,167
-3% -$6.81M
COST icon
33
Costco
COST
$420B
$228M 0.97%
1,386,367
-297,147
-18% -$46.7M
CB icon
34
Chubb
CB
$132B
$205M 0.87%
1,435,348
-38,526
-3% -$5.57M
ORCL icon
35
Oracle
ORCL
$422B
$190M 0.81%
3,924,554
-109,799
-3% -$5.46M
ECL icon
36
Ecolab
ECL
$78.9B
$151M 0.64%
1,177,479
-219,307
-16% -$28.8M
BKNG icon
37
Booking.com
BKNG
$158B
$130M 0.55%
1,776,825
-496,650
-22% -$37.7M
SFUN
38
DELISTED
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
$110M 0.47%
541,766
-3,024
-0.6% -$535K
BABA icon
39
Alibaba
BABA
$286B
$95.7M 0.41%
554,328
+127,581
+30% +$20.7M
EDU icon
40
New Oriental
EDU
$8.88B
$93.4M 0.4%
1,058,617
+115,364
+12% +$9.4M
JD icon
41
JD.com
JD
$39.7B
$92.7M 0.39%
2,425,536
-30,920
-1% -$1.32M
HOLI
42
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
$89.8M 0.38%
4,155,115
+763,181
+22% +$14.7M
TAL icon
43
TAL Education Group
TAL
$6.28B
$85.5M 0.36%
2,537,827
-21,689
-0.8% -$611K
USB icon
44
US Bancorp
USB
$96.7B
$73M 0.31%
1,361,537
+10,528
+0.8% +$551K
ZTO icon
45
ZTO Express
ZTO
$16.2B
$65.8M 0.28%
4,686,871
-18,106
-0.4% -$261K
GS icon
46
Goldman Sachs
GS
$303B
$60M 0.26%
252,986
+1,860
+0.7% +$420K
EG icon
47
Everest Group
EG
$14.2B
$52.7M 0.22%
230,741
+1,870
+0.8% +$471K
ANGI icon
48
Angi Inc
ANGI
$200M
$51.9M 0.22%
416,200
-36,259
-8% -$4.43M
MON
49
DELISTED
Monsanto Co
MON
$51.3M 0.22%
428,111
+1,911
+0.4% +$225K
QVCGA
50
DELISTED
QVC Group Inc Series A
QVCGA
$48.9M 0.21%
42,770
-1,787
-4% -$2.01M
1
2
3 4 5

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Christopher Davis's Q3 2017 Portfolio in Review

As of Q3 2017, Christopher Davis held 146 positions worth $23.5B, up 2.8% from $22.9B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Trading was light in Q3 2017: portfolio turnover was 4.8%. Christopher Davis opened 4 new positions and exited 3, leaving the 146-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 40% of assets, up from 39% a quarter earlier, followed by Consumer Discretionary and Communication Services.

  • Christopher Davis's largest Q3 2017 buy was Kimco Realty: 461,480 shares worth $9.02M.
  • Christopher Davis added most to Capital One in Q3 2017, an estimated $290M increase.
  • Christopher Davis's biggest Q3 2017 reduction was UnitedHealth, cutting an estimated $237M.
  • Christopher Davis fully exited Televisa in Q3 2017, selling an estimated $28.5M.
  • Christopher Davis's ten largest holdings make up 48% of its $23.5B portfolio in Q3 2017.
  • Christopher Davis opened 4 new positions and closed 3 in Q3 2017.
  • Christopher Davis's portfolio value rose 2.8% quarter-over-quarter to $23.5B.

Based on Davis Selected Advisers's 13F filing for Q3 2017, filed 16 Nov 2017.