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 |
MGM Resorts International
MGM
|
+$435M |
| 2 |
KE Holdings
BEKE
|
+$55.7M |
| 3 |
PPLI
People Inc
PPLI
|
+$25.3M |
| 4 |
Quest Diagnostics
DGX
|
+$20.5M |
| 5 |
Viatris
VTRS
|
+$11.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$249M |
| 2 |
Amazon
AMZN
|
+$107M |
| 3 |
Owens Corning
OC
|
+$67.4M |
| 4 |
Intel
INTC
|
+$66.4M |
| 5 |
Berkshire Hathaway Class A
BRK.A
|
+$21M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 42.04% |
| 2 | Communication Services | 13.99% |
| 3 | Technology | 11.71% |
| 4 | Consumer Discretionary | 10.03% |
| 5 | Healthcare | 8.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Coupang
CPNG
$29.6B
| $109M | 0.68% |
6,415,197
-98,382
| -2% | -$1.77M |
|
|
HOLI
27
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $107M | 0.67% |
5,368,114
-60,039
| -1% | -$1.08M |
|
28
Microsoft
MSFT
$3.59T
| $106M | 0.67% |
336,436
-8,954
| -3% | -$2.96M |
|
29
Davis Select US Equity ETF
DUSA
$1.27B
| $105M | 0.66% |
3,332,430
| – | – |
|
30
Loews
L
$22.5B
| $95.9M | 0.6% |
1,515,387
-34,380
| -2% | -$2.14M |
|
31
Alphabet (Google) Class C
GOOG
$4.18T
| $93.9M | 0.59% |
712,177
-16,441
| -2% | -$2.14M |
|
32
Bank of N.T. Butterfield & Son
NTB
$2.3B
| $86.8M | 0.54% |
3,204,685
-17,368
| -0.5% | -$505K |
|
33
Bank of America
BAC
$431B
| $75.8M | 0.48% |
2,766,991
-60,118
| -2% | -$1.78M |
|
34
Davis Select International ETF
DINT
$294M
| $69.5M | 0.44% |
3,893,199
| – | – |
|
|
FITB
35
Fifth Third Bancorp
FITB
$49.7B
| $63.3M | 0.4% |
2,497,371
+29,947
| +1% | +$808K |
|
36
UnitedHealth
UNH
$350B
| $57.3M | 0.36% |
113,684
-110
| -0.1% | -$54.1K |
|
37
Davis Select Financial ETF
DFNL
$483M
| $56.5M | 0.35% |
2,112,316
| – | – |
|
|
38
KE Holdings
BEKE
$19.6B
| $54.4M | 0.34% |
+3,502,766
| New | +$55.7M |
|
39
Davis Select Worldwide ETF
DWLD
$611M
| $53.4M | 0.33% |
1,941,227
| – | – |
|
40
PNC Financial Services
PNC
$97B
| $52.5M | 0.33% |
427,564
-1,149
| -0.3% | -$145K |
|
41
Ferguson
FERG
$46.9B
| $39.2M | 0.25% |
237,800
-1,106
| -0.5% | -$175K |
|
42
Eaton
ETN
$163B
| $31.2M | 0.2% |
146,334
-23,699
| -14% | -$5.11M |
|
43
Liberty Media Series A
FWONA
$24.2B
| $29.1M | 0.18% |
514,877
-27,309
| -5% | -$1.66M |
|
44
Carrier Global
CARR
$49.8B
| $28.3M | 0.18% |
513,418
-111,110
| -18% | -$6.11M |
|
45
Rocket Companies
RKT
$39.4B
| $27.9M | 0.17% |
3,410,601
-83,072
| -2% | -$840K |
|
46
MasterBrand
MBC
$1.85B
| $27.6M | 0.17% |
2,272,376
+2,450
| +0.1% | +$30K |
|
47
Johnson Controls International
JCI
$86.7B
| $27.1M | 0.17% |
509,477
-3,482
| -0.7% | -$215K |
|
48
Prologis
PLD
$135B
| $23.6M | 0.15% |
210,196
| – | – |
|
49
Humana
HUM
$45.5B
| $21.2M | 0.13% |
43,564
-25
| -0.1% | -$11.7K |
|
50
Oracle
ORCL
$422B
| $19.8M | 0.12% |
186,945
-8,515
| -4% | -$986K |
|
Similar funds
Christopher Davis's Q3 2023 Portfolio in Review
As of Q3 2023, Christopher Davis held 106 positions worth $15.9B, down 2.8% from $16.4B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Christopher Davis's Q3 2023 filing shows 4 new, 29 increased, 57 reduced and 2 closed positions. Its largest new stake was MGM Resorts International: 9,845,345 shares worth $362M. The largest sale was Meta Platforms (Facebook), an estimated $249M.
By sector, the portfolio is most concentrated in Financials at 42% of assets, down from 42% a quarter earlier, followed by Communication Services and Technology.
- Christopher Davis's largest Q3 2023 buy was MGM Resorts International: 9,845,345 shares worth $362M.
- Christopher Davis added most to People Inc in Q3 2023, an estimated $25.3M increase.
- Christopher Davis's biggest Q3 2023 reduction was Meta Platforms (Facebook), cutting an estimated $249M.
- Christopher Davis fully exited Life Storage, Inc. in Q3 2023, selling an estimated $7.26M.
- Christopher Davis's ten largest holdings make up 57% of its $15.9B portfolio in Q3 2023.
- Christopher Davis opened 4 new positions and closed 2 in Q3 2023.
- Christopher Davis's portfolio value fell 2.8% quarter-over-quarter to $15.9B.
Based on Davis Selected Advisers's 13F filing for Q3 2023, filed 9 Nov 2023.