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 |
Carrier Global
CARR
|
+$568M |
| 2 |
WUBA
58.com Inc
WUBA
|
+$46.9M |
| 3 |
Wells Fargo
WFC
|
+$25.4M |
| 4 |
BNY
Bank of New York Mellon
BNY
|
+$23.9M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$18.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTX Corp
RTX
|
+$163M |
| 2 |
RTN
Raytheon Company
RTN
|
+$136M |
| 3 |
Oracle
ORCL
|
+$97.1M |
| 4 |
APA Corp
APA
|
+$86.9M |
| 5 |
Booking.com
BKNG
|
+$72.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 34.78% |
| 2 | Communication Services | 16.32% |
| 3 | Consumer Discretionary | 14.53% |
| 4 | Technology | 12.57% |
| 5 | Industrials | 9.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HOLI
26
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $93.9M | 0.54% |
7,059,684
+362,569
| +5% | +$4.92M |
|
27
Bank of N.T. Butterfield & Son
NTB
$2.3B
| $87.8M | 0.51% |
3,598,386
+269,678
| +8% | +$5.88M |
|
28
Bank of America
BAC
$431B
| $85.4M | 0.49% |
3,595,526
+396,878
| +12% | +$9.38M |
|
29
Loews
L
$22.5B
| $80.8M | 0.47% |
2,355,148
+12,294
| +0.5% | +$414K |
|
30
Davis Select US Equity ETF
DUSA
$1.27B
| $75.3M | 0.44% |
3,234,982
| – | – |
|
31
Davis Select International ETF
DINT
$294M
| $68.9M | 0.4% |
3,774,558
| – | – |
|
32
PNC Financial Services
PNC
$97B
| $62.2M | 0.36% |
591,009
+109,364
| +23% | +$11.5M |
|
33
Cigna
CI
$73.3B
| $60.4M | 0.35% |
322,028
+5,778
| +2% | +$1.1M |
|
34
UnitedHealth
UNH
$350B
| $59.4M | 0.34% |
201,279
-14,337
| -7% | -$4.11M |
|
35
CVS Health
CVS
$119B
| $52.8M | 0.31% |
812,617
+7,998
| +1% | +$504K |
|
36
Qorvo
QRVO
$8.43B
| $50.2M | 0.29% |
454,569
+1,654
| +0.4% | +$164K |
|
37
Johnson Controls International
JCI
$86.7B
| $49.2M | 0.28% |
1,442,369
+166,657
| +13% | +$5.13M |
|
38
Davis Select Worldwide ETF
DWLD
$611M
| $44.2M | 0.26% |
1,873,537
| – | – |
|
39
State Street
STT
$51.4B
| $42.6M | 0.25% |
670,239
-1,425
| -0.2% | -$86K |
|
40
Owens Corning
OC
$11.7B
| $42.1M | 0.24% |
755,271
+47,945
| +7% | +$2.24M |
|
41
Eaton
ETN
$163B
| $36.9M | 0.21% |
422,288
+4,930
| +1% | +$406K |
|
42
Davis Select Financial ETF
DFNL
$483M
| $36.3M | 0.21% |
1,959,793
| – | – |
|
|
SCHW
43
Charles Schwab
SCHW
$194B
| $33.1M | 0.19% |
981,049
+141,185
| +17% | +$5.06M |
|
44
Prologis
PLD
$135B
| $29M | 0.17% |
310,682
+13,010
| +4% | +$1.16M |
|
|
QUOT
45
DELISTED
Quotient Technology Inc
QUOT
| $28.3M | 0.16% |
3,861,958
+12,179
| +0.3% | +$81.5K |
|
46
Goldman Sachs
GS
$303B
| $26.4M | 0.15% |
133,813
-78,370
| -37% | -$14.7M |
|
47
iQIYI
IQ
$1.01B
| $25.7M | 0.15% |
1,107,409
+37,583
| +4% | +$697K |
|
48
Humana
HUM
$45.5B
| $24.7M | 0.14% |
63,827
-9,796
| -13% | -$3.67M |
|
|
NOAH
49
Noah Holdings
NOAH
$604M
| $24.4M | 0.14% |
959,028
+44,855
| +5% | +$1.16M |
|
50
Equinix
EQIX
$105B
| $24.1M | 0.14% |
34,290
-2,940
| -8% | -$1.99M |
|
Similar funds
Christopher Davis's Q2 2020 Portfolio in Review
As of Q2 2020, Christopher Davis held 130 positions worth $17.3B, up 17% from $14.8B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Christopher Davis's Q2 2020 filing shows 8 new, 49 increased, 35 reduced and 11 closed positions. Its largest new stake was Carrier Global: 30,575,476 shares worth $679M. The largest sale was RTX Corp, an estimated $163M.
By sector, the portfolio is most concentrated in Financials at 35% of assets, down from 37% a quarter earlier, followed by Communication Services and Consumer Discretionary.
- Christopher Davis's largest Q2 2020 buy was Carrier Global: 30,575,476 shares worth $679M.
- Christopher Davis added most to 58.com Inc in Q2 2020, an estimated $46.9M increase.
- Christopher Davis's biggest Q2 2020 reduction was RTX Corp, cutting an estimated $163M.
- Christopher Davis fully exited Raytheon Company in Q2 2020, selling an estimated $136M.
- Christopher Davis's ten largest holdings make up 54% of its $17.3B portfolio in Q2 2020.
- Christopher Davis opened 8 new positions and closed 11 in Q2 2020.
- Christopher Davis's portfolio value rose 17% quarter-over-quarter to $17.3B.
Based on Davis Selected Advisers's 13F filing for Q2 2020, filed 12 Aug 2020.