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CD

Christopher Davis Davis Selected Advisers

AUM $23.3B
1-Year Est. Return 26.95%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+11.74%
1 Year Est. Return
+26.95%
3 Year Est. Return
+93.11%
5 Year Est. Return
+96.73%
10 Year Est. Return
+388.76%
AUM
$40.9B
AUM Growth
+$2.41B
Cap. Flow
-$1.75B
Cap. Flow %
-4.28%
Top 10 Hldgs %
51.91%
Holding
202
New
15
Increased
48
Reduced
110
Closed
12

Top Buys

Rank Stock Value
1
LH icon
Labcorp
LH
+$165M
2
QIHU
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
+$117M
3
TWTR
Twitter, Inc.
TWTR
+$99.6M
4
UNH icon
UnitedHealth
UNH
+$51M
5
TXT icon
Textron
TXT
+$48.7M

Top Sells

Rank Stock Value
1
BRK.A icon
Berkshire Hathaway Class A
BRK.A
+$309M
2
CVS icon
CVS Health
CVS
+$218M
3
OXY icon
Occidental Petroleum
OXY
+$200M
4
KO icon
Coca-Cola
KO
+$164M
5
Y
Alleghany Corp
Y
+$152M

Sector Composition

Rank Sector Weight
1 Financials 39.49%
2 Healthcare 13.67%
3 Communication Services 10.93%
4 Consumer Discretionary 7.99%
5 Energy 6.07%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GS icon
51
Goldman Sachs
GS
$303B
$132M 0.32%
745,442
-135,737
-15% -$22.4M
TWTR
52
DELISTED
Twitter, Inc.
TWTR
$128M 0.31%
+2,005,350
New +$99.6M
QIHU
53
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
$114M 0.28%
+1,395,178
New +$117M
WAIR
54
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
$108M 0.26%
4,911,177
+261,169
+6% +$5.21M
MLM icon
55
Martin Marietta Materials
MLM
$32.1B
$87.9M 0.21%
879,720
-13,230
-1% -$1.3M
LVNTA
56
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
$85.2M 0.21%
2,829,110
-42,291
-1% -$1.14M
OAK
57
DELISTED
OAKTREE CAPITAL GROUP, LLC
OAK
$80.2M 0.2%
1,363,704
+21,945
+2% +$1.22M
VIPS icon
58
Vipshop
VIPS
$6.98B
$75.8M 0.19%
9,061,300
-185,250
-2% -$1.41M
SPG icon
59
Simon Property Group
SPG
$70.6B
$53.5M 0.13%
373,811
-64,557
-15% -$9.3M
ACC
60
DELISTED
American Campus Communities, Inc.
ACC
$52.1M 0.13%
1,617,557
+208,505
+15% +$7M
AIG icon
61
American International
AIG
$39.8B
$51M 0.12%
998,730
-185,200
-16% -$9.23M
AVB
62
DELISTED
AvalonBay Communities
AVB
$45.4M 0.11%
383,614
+6,916
+2% +$852K
ESS icon
63
Essex Property Trust
ESS
$18.6B
$34.4M 0.08%
240,007
+6,108
+3% +$939K
ANGI icon
64
Angi Inc
ANGI
$200M
$29.9M 0.07%
197,564
+50,068
+34% +$7.15M
BXP icon
65
Boston Properties
BXP
$10.8B
$28.6M 0.07%
284,507
+10,418
+4% +$1.08M
AMT icon
66
American Tower
AMT
$81.9B
$28.4M 0.07%
355,839
+13,516
+4% +$1.05M
VTR icon
67
Ventas
VTR
$47.7B
$27.3M 0.07%
417,349
+15,086
+4% +$1.05M
ARE icon
68
Alexandria Real Estate Equities
ARE
$9.21B
$26.8M 0.07%
421,704
+14,640
+4% +$940K
CDP icon
69
COPT Defense Properties
CDP
$4.23B
$26.1M 0.06%
1,103,315
+33,991
+3% +$793K
YOKU
70
DELISTED
YOUKU TUDOU INC.(CAYMAN ISLS)
YOKU
$25.7M 0.06%
848,089
-16,773
-2% -$481K
SIAL
71
DELISTED
SIGMA - ALDRICH CORP
SIAL
$22.5M 0.06%
239,465
-9,799
-4% -$851K
GGP
72
DELISTED
GGP Inc.
GGP
$22.3M 0.05%
1,113,257
+30,970
+3% +$638K
EDR
73
DELISTED
Education Realty Trust Inc
EDR
$22.2M 0.05%
837,966
+21,028
+3% +$564K
LPT
74
DELISTED
Liberty Property Trust
LPT
$21.9M 0.05%
647,124
+16,373
+3% +$573K
VNO icon
75
Vornado Realty Trust
VNO
$7.07B
$21.7M 0.05%
334,011
-277,677
-45% -$18M
1 2
3
4 5

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Christopher Davis's Q4 2013 Portfolio in Review

As of Q4 2013, Christopher Davis held 202 positions worth $40.9B, up 6.2% from $38.5B the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Christopher Davis withdrew a net $1.75B in Q4 2013, closing 12 positions and reducing 110 holdings. Its most notable exit was Digital Realty Trust, an estimated $38.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 39% of assets, down from 40% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Christopher Davis opened a new position in QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS worth $114M.

  • Christopher Davis's largest Q4 2013 buy was QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS: 1,395,178 shares worth $114M.
  • Christopher Davis added most to Labcorp in Q4 2013, an estimated $165M increase.
  • Christopher Davis's biggest Q4 2013 reduction was Berkshire Hathaway Class A, cutting an estimated $309M.
  • Christopher Davis fully exited Digital Realty Trust in Q4 2013, selling an estimated $38.9M.
  • Christopher Davis's ten largest holdings make up 52% of its $40.9B portfolio in Q4 2013.
  • Christopher Davis opened 15 new positions and closed 12 in Q4 2013.
  • Christopher Davis's portfolio value rose 6.2% quarter-over-quarter to $40.9B.

Based on Davis Selected Advisers's 13F filing for Q4 2013, filed 12 Feb 2014.