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 |
UnitedHealth
UNH
|
+$414M |
| 2 |
Tyson Foods
TSN
|
+$246M |
| 3 |
CTRA
Coterra Energy
CTRA
|
+$237M |
| 4 |
US Bancorp
USB
|
+$187M |
| 5 |
MGM Resorts International
MGM
|
+$95.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class A
BRK.A
|
+$376M |
| 2 |
Cigna
CI
|
+$251M |
| 3 |
Quest Diagnostics
DGX
|
+$180M |
| 4 |
Humana
HUM
|
+$169M |
| 5 |
Meta Platforms (Facebook)
META
|
+$63.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 34.68% |
| 2 | Healthcare | 16.18% |
| 3 | Communication Services | 13.01% |
| 4 | Consumer Discretionary | 12.35% |
| 5 | Technology | 9.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Cigna
CI
$73.3B
| $217M | 1.16% |
655,889
-777,362
| -54% | -$251M |
|
27
AGCO
AGCO
$7.48B
| $186M | 1% |
1,804,564
-222,702
| -11% | -$21.2M |
|
28
JPMorgan Chase
JPM
$935B
| $184M | 0.99% |
636,042
-3,810
| -0.6% | -$972K |
|
|
BNY
29
Bank of New York Mellon
BNY
$108B
| $173M | 0.92% |
1,898,430
-12,215
| -0.6% | -$1.04M |
|
30
Coupang
CPNG
$29.6B
| $172M | 0.92% |
5,754,998
-125,992
| -2% | -$3.23M |
|
31
Davis Select US Equity ETF
DUSA
$1.27B
| $157M | 0.84% |
3,383,338
| – | – |
|
32
ConocoPhillips
COP
$162B
| $142M | 0.76% |
1,585,587
+183,519
| +13% | +$16.5M |
|
33
Full Truck Alliance
YMM
$9.1B
| $137M | 0.73% |
11,635,925
+3,816,581
| +49% | +$44.4M |
|
34
Microsoft
MSFT
$3.59T
| $123M | 0.66% |
247,956
-8,567
| -3% | -$3.72M |
|
35
Alphabet (Google) Class C
GOOG
$4.18T
| $115M | 0.62% |
650,390
+3,693
| +0.6% | +$610K |
|
|
FITB
36
Fifth Third Bancorp
FITB
$49.7B
| $103M | 0.55% |
2,512,856
+51,737
| +2% | +$1.94M |
|
37
Davis Select International ETF
DINT
$294M
| $101M | 0.54% |
3,890,080
| – | – |
|
38
PNC Financial Services
PNC
$97B
| $93.6M | 0.5% |
502,357
+6,549
| +1% | +$1.11M |
|
39
Darling Ingredients
DAR
$10.4B
| $92.7M | 0.5% |
2,443,570
-32,899
| -1% | -$1.08M |
|
40
Davis Select Financial ETF
DFNL
$483M
| $91.5M | 0.49% |
2,129,860
| – | – |
|
41
American Express
AXP
$227B
| $86.3M | 0.46% |
270,500
-935
| -0.3% | -$263K |
|
|
PPLI
42
People Inc
PPLI
$2.86B
| $85.2M | 0.46% |
2,280,775
-959,061
| -30% | -$34.7M |
|
43
NetEase
NTES
$82.1B
| $79.9M | 0.43% |
593,347
-2,767
| -0.5% | -$318K |
|
44
Davis Select Worldwide ETF
DWLD
$611M
| $79.4M | 0.42% |
1,916,287
| – | – |
|
45
Applovin
APP
$102B
| $75.3M | 0.4% |
215,073
+52,062
| +32% | +$16.9M |
|
46
Sea Limited
SE
$72B
| $71.7M | 0.38% |
448,305
-66,323
| -13% | -$9.6M |
|
47
Loews
L
$22.5B
| $54.8M | 0.29% |
597,343
-1,723
| -0.3% | -$151K |
|
48
Bank of America
BAC
$431B
| $54.6M | 0.29% |
1,153,397
-2,751
| -0.2% | -$116K |
|
|
WCC
49
WESCO International
WCC
$17B
| $53.8M | 0.29% |
290,746
+32,243
| +12% | +$5.32M |
|
50
Bank of N.T. Butterfield & Son
NTB
$2.3B
| $47M | 0.25% |
1,062,264
-6,177
| -0.6% | -$253K |
|
Similar funds
Christopher Davis's Q2 2025 Portfolio in Review
As of Q2 2025, Christopher Davis held 112 positions worth $18.7B, up 7.8% from $17.3B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Christopher Davis's Q2 2025 filing shows 8 new, 43 increased, 49 reduced and 5 closed positions. Its largest new stake was Coterra Energy: 9,338,141 shares worth $237M. The largest sale was Berkshire Hathaway Class A, an estimated $376M.
By sector, the portfolio is most concentrated in Financials at 35% of assets, down from 37% a quarter earlier, followed by Healthcare and Communication Services.
- Christopher Davis's largest Q2 2025 buy was Coterra Energy: 9,338,141 shares worth $237M.
- Christopher Davis added most to UnitedHealth in Q2 2025, an estimated $414M increase.
- Christopher Davis's biggest Q2 2025 reduction was Berkshire Hathaway Class A, cutting an estimated $376M.
- Christopher Davis fully exited Clear Secure in Q2 2025, selling an estimated $15.1M.
- Christopher Davis's ten largest holdings make up 52% of its $18.7B portfolio in Q2 2025.
- Christopher Davis opened 8 new positions and closed 5 in Q2 2025.
- Christopher Davis's portfolio value rose 7.8% quarter-over-quarter to $18.7B.
Based on Davis Selected Advisers's 13F filing for Q2 2025, filed 8 Aug 2025.