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 |
US Bancorp
USB
|
+$381M |
| 2 |
Meta Platforms (Facebook)
META
|
+$212M |
| 3 |
Adient
ADNT
|
+$168M |
| 4 |
Johnson Controls International
JCI
|
+$148M |
| 5 |
Chubb
CB
|
+$103M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FedEx
FDX
|
+$409M |
| 2 |
Amazon
AMZN
|
+$376M |
| 3 |
Axalta
AXTA
|
+$278M |
| 4 |
Liberty Global Class C
LBTYK
|
+$220M |
| 5 |
Aptiv
APTV
|
+$135M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 42.11% |
| 2 | Communication Services | 13.9% |
| 3 | Consumer Discretionary | 13.68% |
| 4 | Energy | 9.47% |
| 5 | Industrials | 8.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Markel Group
MKL
$22.2B
| $271M | 1.15% |
249,562
-3,238
| -1% | -$3.66M |
|
27
Loews
L
$22.5B
| $217M | 0.93% |
4,502,852
-95,628
| -2% | -$4.81M |
|
28
JD.com
JD
$39.7B
| $176M | 0.75% |
4,516,664
+1,952,106
| +76% | +$75.3M |
|
29
Oracle
ORCL
$422B
| $163M | 0.69% |
3,699,947
-58,300
| -2% | -$2.69M |
|
30
Booking.com
BKNG
$158B
| $132M | 0.56% |
1,622,875
-47,500
| -3% | -$4M |
|
|
HOLI
31
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $116M | 0.5% |
5,259,264
+16,898
| +0.3% | +$396K |
|
32
Bank of N.T. Butterfield & Son
NTB
$2.3B
| $108M | 0.46% |
2,360,279
+15,915
| +0.7% | +$753K |
|
33
iQIYI
IQ
$1.01B
| $102M | 0.44% |
3,172,422
+322,022
| +11% | +$7.84M |
|
34
Davis Select US Equity ETF
DUSA
$1.27B
| $71.8M | 0.31% |
2,971,320
-48,500
| -2% | -$1.16M |
|
35
KKR & Co
KKR
$97.4B
| $59.7M | 0.25% |
2,404,246
+6,660
| +0.3% | +$148K |
|
|
SFUN
36
DELISTED
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
| $58.8M | 0.25% |
303,264
-212,272
| -41% | -$52M |
|
37
Goldman Sachs
GS
$303B
| $55.8M | 0.24% |
252,833
-2,738
| -1% | -$653K |
|
38
Everest Group
EG
$14.2B
| $53.5M | 0.23% |
232,155
-1,058
| -0.5% | -$248K |
|
|
QUOT
39
DELISTED
Quotient Technology Inc
QUOT
| $51.3M | 0.22% |
3,918,176
+900,774
| +30% | +$12M |
|
|
NOAH
40
Noah Holdings
NOAH
$604M
| $49.1M | 0.21% |
941,574
-84,634
| -8% | -$4.79M |
|
|
Y
41
DELISTED
Alleghany Corp
Y
| $46.4M | 0.2% |
80,724
+220
| +0.3% | +$128K |
|
42
State Street
STT
$51.4B
| $45.8M | 0.2% |
492,328
+1,368
| +0.3% | +$136K |
|
43
Davis Select Worldwide ETF
DWLD
$611M
| $43.5M | 0.19% |
1,654,105
-31,290
| -2% | -$830K |
|
44
Davis Select Financial ETF
DFNL
$483M
| $43.4M | 0.18% |
1,834,445
-5,610
| -0.3% | -$135K |
|
|
SCHW
45
Charles Schwab
SCHW
$194B
| $41.9M | 0.18% |
819,196
+2,384
| +0.3% | +$132K |
|
46
PNC Financial Services
PNC
$97B
| $41.6M | 0.18% |
307,873
+912
| +0.3% | +$133K |
|
|
QVCGA
47
DELISTED
QVC Group Inc Series A
QVCGA
| $40.9M | 0.17% |
39,726
-804
| -2% | -$890K |
|
|
YRD
48
Yiren Digital
YRD
$99.7M
| $40.6M | 0.17% |
1,914,743
+1,665,029
| +667% | +$49.2M |
|
|
OAK
49
DELISTED
OAKTREE CAPITAL GROUP, LLC
OAK
| $37.7M | 0.16% |
927,274
+13,798
| +2% | +$558K |
|
|
VSA
50
VisionSys AI
VSA
$9.78M
| $37.4M | 0.16% |
1,978
+33
| +2% | +$783K |
|
Similar funds
Christopher Davis's Q2 2018 Portfolio in Review
As of Q2 2018, Christopher Davis held 150 positions worth $23.5B, up 1.6% from $23.1B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Christopher Davis's Q2 2018 filing shows 4 new, 72 increased, 53 reduced and 12 closed positions. Its largest new stake was Magnolia Oil & Gas: 2,420,050 shares worth $26.3M. The largest sale was FedEx, an estimated $409M.
By sector, the portfolio is most concentrated in Financials at 42% of assets, up from 41% a quarter earlier, followed by Communication Services and Consumer Discretionary.
- Christopher Davis's largest Q2 2018 buy was Magnolia Oil & Gas: 2,420,050 shares worth $26.3M.
- Christopher Davis added most to US Bancorp in Q2 2018, an estimated $381M increase.
- Christopher Davis's biggest Q2 2018 reduction was FedEx, cutting an estimated $409M.
- Christopher Davis fully exited TAL Education Group in Q2 2018, selling an estimated $54.2M.
- Christopher Davis's ten largest holdings make up 51% of its $23.5B portfolio in Q2 2018.
- Christopher Davis opened 4 new positions and closed 12 in Q2 2018.
- Christopher Davis's portfolio value rose 1.6% quarter-over-quarter to $23.5B.
Based on Davis Selected Advisers's 13F filing for Q2 2018, filed 13 Aug 2018.