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 |
Viatris
VTRS
|
+$191M |
| 2 |
Cigna
CI
|
+$85.5M |
| 3 |
Davis Select US Equity ETF
DUSA
|
+$37.8M |
| 4 |
Alibaba
BABA
|
+$24.5M |
| 5 |
Chubb
CB
|
+$23.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$115M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$105M |
| 3 |
Quest Diagnostics
DGX
|
+$99.8M |
| 4 |
Applied Materials
AMAT
|
+$72.9M |
| 5 |
Amazon
AMZN
|
+$63.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 39.09% |
| 2 | Communication Services | 14.97% |
| 3 | Technology | 12.97% |
| 4 | Consumer Discretionary | 10.64% |
| 5 | Industrials | 8.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Cigna
CI
$73.3B
| $158M | 0.76% |
758,199
+435,956
| +135% | +$85.5M |
|
27
Bank of N.T. Butterfield & Son
NTB
$2.3B
| $125M | 0.6% |
4,022,478
+290,617
| +8% | +$8.54M |
|
28
Loews
L
$22.5B
| $118M | 0.57% |
2,617,793
+351,736
| +16% | +$14.1M |
|
29
Bank of America
BAC
$431B
| $110M | 0.53% |
3,634,459
-141,020
| -4% | -$3.78M |
|
|
HOLI
30
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $104M | 0.5% |
7,089,307
+31,883
| +0.5% | +$400K |
|
31
Microsoft
MSFT
$3.59T
| $103M | 0.5% |
463,965
-18,010
| -4% | -$3.87M |
|
|
32
Davis Select US Equity ETF
DUSA
$1.27B
| $95.3M | 0.46% |
3,243,486
+1,369,949
| +73% | +$37.8M |
|
33
Davis Select International ETF
DINT
$294M
| $88.1M | 0.42% |
3,780,082
+545,100
| +17% | +$12M |
|
34
PNC Financial Services
PNC
$97B
| $83.5M | 0.4% |
560,681
-27,340
| -5% | -$3.49M |
|
35
UnitedHealth
UNH
$350B
| $69.2M | 0.33% |
197,400
+373
| +0.2% | +$125K |
|
36
Qorvo
QRVO
$8.43B
| $68.8M | 0.33% |
413,685
-9,108
| -2% | -$1.34M |
|
37
Davis Select Worldwide ETF
DWLD
$611M
| $57.6M | 0.28% |
1,875,859
-1,898,699
| -50% | -$54.4M |
|
38
CVS Health
CVS
$119B
| $54.1M | 0.26% |
791,399
-6,796
| -0.9% | -$442K |
|
39
Owens Corning
OC
$11.7B
| $53.5M | 0.26% |
706,514
-50,497
| -7% | -$3.68M |
|
|
SCHW
40
Charles Schwab
SCHW
$194B
| $48.2M | 0.23% |
909,457
-47,880
| -5% | -$2.17M |
|
41
Davis Select Financial ETF
DFNL
$483M
| $47.1M | 0.23% |
1,975,142
+15,349
| +0.8% | +$335K |
|
|
NOAH
42
Noah Holdings
NOAH
$604M
| $46.2M | 0.22% |
966,240
+8,090
| +0.8% | +$261K |
|
43
Johnson Controls International
JCI
$86.7B
| $42.6M | 0.21% |
914,720
-462,573
| -34% | -$20.5M |
|
|
Y
44
DELISTED
Alleghany Corp
Y
| $41.2M | 0.2% |
68,266
+23,053
| +51% | +$13.4M |
|
|
QUOT
45
DELISTED
Quotient Technology Inc
QUOT
| $35.6M | 0.17% |
3,777,056
+26,575
| +0.7% | +$223K |
|
46
Eaton
ETN
$163B
| $34.2M | 0.16% |
284,862
-134,288
| -32% | -$15.2M |
|
47
Prologis
PLD
$135B
| $31.3M | 0.15% |
314,422
| – | – |
|
48
Humana
HUM
$45.5B
| $26.1M | 0.13% |
63,551
+742
| +1% | +$309K |
|
49
Aptiv
APTV
$10B
| $23.9M | 0.12% |
183,656
-2,523
| -1% | -$280K |
|
50
Equinix
EQIX
$105B
| $22.9M | 0.11% |
32,050
| – | – |
|
Similar funds
Christopher Davis's Q4 2020 Portfolio in Review
As of Q4 2020, Christopher Davis held 116 positions worth $20.8B, up 16% from $18B the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Christopher Davis's Q4 2020 filing shows 2 new, 38 increased, 63 reduced and 7 closed positions. Its largest new stake was Viatris: 11,727,007 shares worth $220M. The largest sale was Meta Platforms (Facebook), an estimated $115M.
By sector, the portfolio is most concentrated in Financials at 39% of assets, up from 37% a quarter earlier, followed by Communication Services and Technology.
- Christopher Davis's largest Q4 2020 buy was Viatris: 11,727,007 shares worth $220M.
- Christopher Davis added most to Cigna in Q4 2020, an estimated $85.5M increase.
- Christopher Davis's biggest Q4 2020 reduction was Meta Platforms (Facebook), cutting an estimated $115M.
- Christopher Davis fully exited Adient in Q4 2020, selling an estimated $23.2M.
- Christopher Davis's ten largest holdings make up 53% of its $20.8B portfolio in Q4 2020.
- Christopher Davis opened 2 new positions and closed 7 in Q4 2020.
- Christopher Davis's portfolio value rose 16% quarter-over-quarter to $20.8B.
Based on Davis Selected Advisers's 13F filing for Q4 2020, filed 12 Feb 2021.