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 |
Capital One
COF
|
+$244M |
| 2 |
US Bancorp
USB
|
+$227M |
| 3 |
RTN
Raytheon Company
RTN
|
+$206M |
| 4 |
RTX Corp
RTX
|
+$156M |
| 5 |
Applied Materials
AMAT
|
+$72.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
New Oriental
EDU
|
+$445M |
| 2 |
Amazon
AMZN
|
+$131M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$110M |
| 4 |
Microsoft
MSFT
|
+$109M |
| 5 |
Alibaba
BABA
|
+$106M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 37.48% |
| 2 | Communication Services | 15.26% |
| 3 | Consumer Discretionary | 13.67% |
| 4 | Technology | 12.4% |
| 5 | Industrials | 7.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
APA Corp
APA
$15.2B
| $86.9M | 0.59% |
20,789,074
+657,445
| +3% | +$14.7M |
|
|
HOLI
27
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $86.4M | 0.59% |
6,697,115
+94,350
| +1% | +$1.39M |
|
28
Loews
L
$22.5B
| $81.6M | 0.55% |
2,342,854
-108,689
| -4% | -$5.12M |
|
29
Bank of America
BAC
$431B
| $67.9M | 0.46% |
3,198,648
+701,590
| +28% | +$21M |
|
30
Booking.com
BKNG
$158B
| $64.3M | 0.44% |
1,195,125
-19,750
| -2% | -$1.39M |
|
31
Davis Select US Equity ETF
DUSA
$1.27B
| $62.9M | 0.43% |
3,234,982
+65,466
| +2% | +$1.59M |
|
32
Bank of N.T. Butterfield & Son
NTB
$2.3B
| $56.7M | 0.38% |
3,328,708
+23,249
| +0.7% | +$683K |
|
33
Davis Select International ETF
DINT
$294M
| $56.3M | 0.38% |
3,774,558
+120,512
| +3% | +$2.16M |
|
34
Cigna
CI
$73.3B
| $56M | 0.38% |
316,250
+138,910
| +78% | +$26.9M |
|
35
UnitedHealth
UNH
$350B
| $53.8M | 0.36% |
215,616
-5,580
| -3% | -$1.54M |
|
36
Magnolia Oil & Gas
MGY
$6.67B
| $48.8M | 0.33% |
12,202,748
+166,079
| +1% | +$1.43M |
|
37
CVS Health
CVS
$119B
| $47.7M | 0.32% |
804,619
-7,689
| -0.9% | -$513K |
|
38
PNC Financial Services
PNC
$97B
| $46.1M | 0.31% |
481,645
+164,246
| +52% | +$22.1M |
|
|
WUBA
39
DELISTED
58.com Inc
WUBA
| $44.5M | 0.3% |
912,598
+340,526
| +60% | +$19.6M |
|
40
Qorvo
QRVO
$8.43B
| $36.5M | 0.25% |
452,915
+13,809
| +3% | +$1.38M |
|
41
Davis Select Worldwide ETF
DWLD
$611M
| $36.1M | 0.24% |
1,873,537
+70,149
| +4% | +$1.66M |
|
42
State Street
STT
$51.4B
| $35.8M | 0.24% |
671,664
-53,916
| -7% | -$3.75M |
|
43
Johnson Controls International
JCI
$86.7B
| $34.4M | 0.23% |
1,275,712
+292,512
| +30% | +$10.9M |
|
44
Goldman Sachs
GS
$303B
| $32.8M | 0.22% |
212,183
-19,139
| -8% | -$4.06M |
|
45
Davis Select Financial ETF
DFNL
$483M
| $32.7M | 0.22% |
1,959,793
+55,056
| +3% | +$1.24M |
|
46
Eaton
ETN
$163B
| $32.4M | 0.22% |
417,358
-678
| -0.2% | -$62.2K |
|
|
SCHW
47
Charles Schwab
SCHW
$194B
| $28.2M | 0.19% |
839,864
-61,252
| -7% | -$2.57M |
|
48
Owens Corning
OC
$11.7B
| $27.5M | 0.19% |
707,326
+395,309
| +127% | +$22.1M |
|
|
QUOT
49
DELISTED
Quotient Technology Inc
QUOT
| $25M | 0.17% |
3,849,779
-102,959
| -3% | -$920K |
|
|
Y
50
DELISTED
Alleghany Corp
Y
| $24.9M | 0.17% |
45,069
-4,282
| -9% | -$3.08M |
|
Similar funds
Christopher Davis's Q1 2020 Portfolio in Review
As of Q1 2020, Christopher Davis held 137 positions worth $14.8B, down 29% from $20.9B the previous quarter. Its ten largest holdings account for 55% of the portfolio.
Christopher Davis's Q1 2020 filing shows 3 new, 53 increased, 55 reduced and 15 closed positions. Its largest new stake was Raytheon Company: 1,040,096 shares worth $136M. The largest sale was New Oriental, an estimated $445M.
By sector, the portfolio is most concentrated in Financials at 37% of assets, down from 40% a quarter earlier, followed by Communication Services and Consumer Discretionary.
- Christopher Davis's largest Q1 2020 buy was Raytheon Company: 1,040,096 shares worth $136M.
- Christopher Davis added most to Capital One in Q1 2020, an estimated $244M increase.
- Christopher Davis's biggest Q1 2020 reduction was New Oriental, cutting an estimated $445M.
- Christopher Davis fully exited Azul in Q1 2020, selling an estimated $16.5M.
- Christopher Davis's ten largest holdings make up 55% of its $14.8B portfolio in Q1 2020.
- Christopher Davis opened 3 new positions and closed 15 in Q1 2020.
- Christopher Davis's portfolio value fell 29% quarter-over-quarter to $14.8B.
Based on Davis Selected Advisers's 13F filing for Q1 2020, filed 15 May 2020.