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 |
Bausch Health
BHC
|
+$256M |
| 2 |
TYC
TYCO INTL PLC COM SHS (IRL)
TYC
|
+$246M |
| 3 |
APA Corp
APA
|
+$161M |
| 4 |
CarMax
KMX
|
+$99.2M |
| 5 |
Berkshire Hathaway Class A
BRK.A
|
+$89.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Las Vegas Sands
LVS
|
+$161M |
| 2 |
QIHU
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
|
+$108M |
| 3 |
Wells Fargo
WFC
|
+$90.7M |
| 4 |
Amazon
AMZN
|
+$80.1M |
| 5 |
Diageo
DEO
|
+$72.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 33.91% |
| 2 | Consumer Discretionary | 13.79% |
| 3 | Communication Services | 12.22% |
| 4 | Energy | 9.28% |
| 5 | Industrials | 7.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Goldman Sachs
GS
$303B
| $39.6M | 0.18% |
252,507
+112,825
| +81% | +$17.4M |
|
52
Everest Group
EG
$14.2B
| $39.2M | 0.17% |
198,772
-6,190
| -3% | -$1.14M |
|
53
Simon Property Group
SPG
$70.6B
| $37.3M | 0.16% |
179,437
+30,765
| +21% | +$5.91M |
|
54
JD.com
JD
$39.7B
| $36.8M | 0.16% |
1,387,310
-46,362
| -3% | -$1.22M |
|
55
Boston Properties
BXP
$10.8B
| $35.7M | 0.16% |
280,810
+20,431
| +8% | +$2.42M |
|
|
MRSH
56
Marsh
MRSH
$91.6B
| $30.7M | 0.14% |
505,050
-5,490
| -1% | -$307K |
|
57
Baidu
BIDU
$31.6B
| $27.5M | 0.12% |
144,214
+89,017
| +161% | +$15.2M |
|
|
CONE
58
DELISTED
CyrusOne Inc Common Stock
CONE
| $27M | 0.12% |
590,500
-57,814
| -9% | -$2.21M |
|
|
WCC
59
WESCO International
WCC
$17B
| $26.3M | 0.12% |
481,128
+183,346
| +62% | +$8.15M |
|
60
Terreno Realty
TRNO
$7.43B
| $26M | 0.12% |
1,108,266
+276,535
| +33% | +$6.16M |
|
61
Acadia Realty Trust
AKR
$2.89B
| $25.8M | 0.11% |
733,787
+107,211
| +17% | +$3.56M |
|
62
Angi Inc
ANGI
$200M
| $25.8M | 0.11% |
319,332
-14,503
| -4% | -$1.25M |
|
63
Vipshop
VIPS
$6.98B
| $25.6M | 0.11% |
1,990,504
+748,798
| +60% | +$9.4M |
|
64
Liberty Latin America Class C
LILAK
$1.64B
| $25.2M | 0.11% |
776,378
-124,366
| -14% | -$3.96M |
|
65
EastGroup Properties
EGP
$10.8B
| $24.4M | 0.11% |
403,897
+115,168
| +40% | +$6.26M |
|
66
State Street
STT
$51.4B
| $23.8M | 0.11% |
+406,155
| New | +$23.1M |
|
67
Kite Realty
KRG
$5.24B
| $23.6M | 0.1% |
852,976
-105,565
| -11% | -$2.8M |
|
|
CTT
68
DELISTED
CATCHMARK TIMBER TRUST, INC.
CTT
| $23.4M | 0.1% |
2,163,460
+307,852
| +17% | +$3.3M |
|
69
Brookfield
BN
$93.1B
| $23.1M | 0.1% |
1,894,849
-50,743
| -3% | -$547K |
|
|
ACC
70
DELISTED
American Campus Communities, Inc.
ACC
| $22.7M | 0.1% |
481,264
-31,303
| -6% | -$1.35M |
|
71
PNC Financial Services
PNC
$97B
| $22.3M | 0.1% |
+263,613
| New | +$22.4M |
|
72
Cousins Properties
CUZ
$4.89B
| $22.1M | 0.1% |
753,082
+222,633
| +42% | +$5.67M |
|
73
Banner Corp
BANR
$2.42B
| $22M | 0.1% |
529,640
| – | – |
|
|
JOYY
74
JOYY Inc
JOYY
$3.71B
| $21.4M | 0.09% |
347,251
-5,493
| -2% | -$309K |
|
|
NOAH
75
Noah Holdings
NOAH
$604M
| $21.3M | 0.09% |
855,673
+402,189
| +89% | +$9.83M |
|
Similar funds
Christopher Davis's Q1 2016 Portfolio in Review
As of Q1 2016, Christopher Davis held 203 positions worth $22.6B, down 5.7% from $24B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Christopher Davis's Q1 2016 filing shows 12 new, 65 increased, 70 reduced and 41 closed positions. Its largest new stake was TYCO INTL PLC COM SHS (IRL): 6,901,695 shares worth $265M. The largest sale was Las Vegas Sands, an estimated $161M.
By sector, the portfolio is most concentrated in Financials at 34% of assets, down from 35% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Christopher Davis's largest Q1 2016 buy was TYCO INTL PLC COM SHS (IRL): 6,901,695 shares worth $265M.
- Christopher Davis added most to Bausch Health in Q1 2016, an estimated $256M increase.
- Christopher Davis's biggest Q1 2016 reduction was Las Vegas Sands, cutting an estimated $161M.
- Christopher Davis fully exited QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS in Q1 2016, selling an estimated $108M.
- Christopher Davis's ten largest holdings make up 44% of its $22.6B portfolio in Q1 2016.
- Christopher Davis opened 12 new positions and closed 41 in Q1 2016.
- Christopher Davis's portfolio value fell 5.7% quarter-over-quarter to $22.6B.
Based on Davis Selected Advisers's 13F filing for Q1 2016, filed 13 May 2016.