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 |
Meta Platforms (Facebook)
META
|
+$268M |
| 2 |
Amazon
AMZN
|
+$247M |
| 3 |
Markel Group
MKL
|
+$52.1M |
| 4 |
FITB
Fifth Third Bancorp
FITB
|
+$29.6M |
| 5 |
Owens Corning
OC
|
+$20.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cigna
CI
|
+$397M |
| 2 |
JD.com
JD
|
+$195M |
| 3 |
Wells Fargo
WFC
|
+$56M |
| 4 |
Berkshire Hathaway Class A
BRK.A
|
+$39.5M |
| 5 |
SCHW
Charles Schwab
SCHW
|
+$36.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 46.52% |
| 2 | Communication Services | 11.68% |
| 3 | Technology | 11% |
| 4 | Healthcare | 10.94% |
| 5 | Consumer Discretionary | 7.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Bank of N.T. Butterfield & Son
NTB
$2.3B
| $97.5M | 0.66% |
3,270,744
-156,282
| -5% | -$5.17M |
|
27
Loews
L
$22.5B
| $95.7M | 0.65% |
1,640,349
-111,958
| -6% | -$6.24M |
|
28
Coupang
CPNG
$29.6B
| $95.3M | 0.65% |
6,478,520
-2,028,535
| -24% | -$35.8M |
|
29
Davis Select US Equity ETF
DUSA
$1.27B
| $90.5M | 0.61% |
3,329,138
+20,578
| +0.6% | +$558K |
|
|
HOLI
30
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $90.3M | 0.61% |
5,494,597
-144,591
| -3% | -$2.41M |
|
31
Microsoft
MSFT
$3.59T
| $86.8M | 0.59% |
361,772
-9,817
| -3% | -$2.36M |
|
|
PPLI
32
People Inc
PPLI
$2.86B
| $81.6M | 0.55% |
2,239,754
-106,700
| -5% | -$4.22M |
|
33
PNC Financial Services
PNC
$97B
| $70.2M | 0.48% |
444,521
-37,299
| -8% | -$5.87M |
|
|
FITB
34
Fifth Third Bancorp
FITB
$49.7B
| $62.5M | 0.42% |
1,905,588
+865,707
| +83% | +$29.6M |
|
35
UnitedHealth
UNH
$350B
| $61.6M | 0.42% |
116,177
-6,214
| -5% | -$3.29M |
|
36
Davis Select International ETF
DINT
$294M
| $61.1M | 0.42% |
3,458,765
-440,060
| -11% | -$7.13M |
|
37
Davis Select Financial ETF
DFNL
$483M
| $56.3M | 0.38% |
2,080,320
+36,365
| +2% | +$988K |
|
38
Alibaba
BABA
$286B
| $53.9M | 0.37% |
612,354
-150,137
| -20% | -$11.8M |
|
39
Davis Select Worldwide ETF
DWLD
$611M
| $48M | 0.33% |
1,932,578
+7,178
| +0.4% | +$171K |
|
40
Johnson Controls International
JCI
$86.7B
| $32.6M | 0.22% |
509,833
-630
| -0.1% | -$38.5K |
|
41
Eaton
ETN
$163B
| $30.7M | 0.21% |
195,536
+191
| +0.1% | +$29.3K |
|
42
Ferguson
FERG
$46.9B
| $30.5M | 0.21% |
240,576
+105,550
| +78% | +$12.3M |
|
|
SCHW
43
Charles Schwab
SCHW
$194B
| $29.1M | 0.2% |
348,966
-473,724
| -58% | -$36.8M |
|
44
Liberty Media Series A
FWONA
$24.2B
| $28.7M | 0.2% |
561,864
-38,356
| -6% | -$1.95M |
|
45
Prologis
PLD
$135B
| $27M | 0.18% |
239,446
+21,924
| +10% | +$2.43M |
|
46
Rocket Companies
RKT
$39.4B
| $26.3M | 0.18% |
3,761,997
-252,630
| -6% | -$1.84M |
|
47
Carrier Global
CARR
$49.8B
| $25.7M | 0.17% |
622,474
-197,449
| -24% | -$8.01M |
|
48
Humana
HUM
$45.5B
| $22.2M | 0.15% |
43,436
-65
| -0.1% | -$34.2K |
|
49
iQIYI
IQ
$1.01B
| $22.1M | 0.15% |
4,163,424
-13,895
| -0.3% | -$40.5K |
|
50
CVS Health
CVS
$119B
| $19.4M | 0.13% |
208,090
+722
| +0.3% | +$69.7K |
|
Similar funds
Christopher Davis's Q4 2022 Portfolio in Review
As of Q4 2022, Christopher Davis held 116 positions worth $14.7B, up 4.6% from $14.1B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Christopher Davis's Q4 2022 filing shows 2 new, 30 increased, 55 reduced and 7 closed positions. Its largest new stake was MasterBrand: 2,187,640 shares worth $16.5M. The largest sale was Cigna, an estimated $397M.
By sector, the portfolio is most concentrated in Financials at 47% of assets, up from 45% a quarter earlier, followed by Communication Services and Technology.
- Christopher Davis's largest Q4 2022 buy was MasterBrand: 2,187,640 shares worth $16.5M.
- Christopher Davis added most to Meta Platforms (Facebook) in Q4 2022, an estimated $268M increase.
- Christopher Davis's biggest Q4 2022 reduction was Cigna, cutting an estimated $397M.
- Christopher Davis fully exited VMware, Inc in Q4 2022, selling an estimated $7.26M.
- Christopher Davis's ten largest holdings make up 54% of its $14.7B portfolio in Q4 2022.
- Christopher Davis opened 2 new positions and closed 7 in Q4 2022.
- Christopher Davis's portfolio value rose 4.6% quarter-over-quarter to $14.7B.
Based on Davis Selected Advisers's 13F filing for Q4 2022, filed 10 Feb 2023.