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 |
Capital One
COF
|
+$347M |
| 2 |
FedEx
FDX
|
+$242M |
| 3 |
Y
Alleghany Corp
Y
|
+$46.4M |
| 4 |
HOLI
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
|
+$34.7M |
| 5 |
Wells Fargo
WFC
|
+$25.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MON
Monsanto Co
MON
|
+$550M |
| 2 |
Amazon
AMZN
|
+$169M |
| 3 |
JPMorgan Chase
JPM
|
+$152M |
| 4 |
Visa
V
|
+$95.4M |
| 5 |
UnitedHealth
UNH
|
+$66.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 38.79% |
| 2 | Consumer Discretionary | 13.4% |
| 3 | Communication Services | 12.27% |
| 4 | Energy | 10.41% |
| 5 | Industrials | 9.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
Y
51
DELISTED
Alleghany Corp
Y
| $46.4M | 0.2% |
+77,974
| New | +$46.4M |
|
52
State Street
STT
$51.4B
| $44.3M | 0.19% |
493,517
+8,106
| +2% | +$674K |
|
53
KKR & Co
KKR
$97.4B
| $43.1M | 0.19% |
2,317,264
+24,659
| +1% | +$451K |
|
54
Eaton
ETN
$163B
| $41.5M | 0.18% |
533,228
+21,036
| +4% | +$1.6M |
|
|
NOAH
55
Noah Holdings
NOAH
$604M
| $41.1M | 0.18% |
1,434,298
+168,882
| +13% | +$4.48M |
|
|
MRSH
56
Marsh
MRSH
$91.6B
| $40.1M | 0.18% |
513,972
+7,158
| +1% | +$541K |
|
57
Vipshop
VIPS
$6.98B
| $39.2M | 0.17% |
3,719,303
+183,097
| +5% | +$2.39M |
|
58
PNC Financial Services
PNC
$97B
| $38.4M | 0.17% |
307,362
+5,262
| +2% | +$635K |
|
59
Simon Property Group
SPG
$70.6B
| $35.3M | 0.15% |
218,446
-81
| -0% | -$13.2K |
|
|
SCHW
60
Charles Schwab
SCHW
$194B
| $35.2M | 0.15% |
819,312
+6,087
| +0.7% | +$244K |
|
61
Davis Select Financial ETF
DFNL
$483M
| $32.5M | 0.14% |
1,505,850
+496,400
| +49% | +$10.4M |
|
62
Liberty Latin America Class C
LILAK
$1.64B
| $30.8M | 0.13% |
1,679,342
-163,033
| -9% | -$2.99M |
|
63
Applied Materials
AMAT
$391B
| $30.6M | 0.13% |
741,934
-41,678
| -5% | -$1.77M |
|
64
Novartis
NVS
$302B
| $29.4M | 0.13% |
393,747
+60,387
| +18% | +$4.28M |
|
|
LVNTA
65
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $28.9M | 0.13% |
553,245
-60,110
| -10% | -$3.14M |
|
66
Televisa
TV
$1.47B
| $28.5M | 0.12% |
1,169,011
+38,956
| +3% | +$968K |
|
67
Davis Select US Equity ETF
DUSA
$1.27B
| $28.2M | 0.12% |
1,340,700
+334,800
| +33% | +$6.91M |
|
68
Brookfield
BN
$93.1B
| $27.8M | 0.12% |
1,990,246
-14,339
| -0.7% | -$193K |
|
69
Davis Select Worldwide ETF
DWLD
$611M
| $27.3M | 0.12% |
1,228,000
+284,300
| +30% | +$6.24M |
|
70
S&P Global
SPGI
$127B
| $26.5M | 0.12% |
181,288
+4,810
| +3% | +$668K |
|
|
DPLO
71
DELISTED
DIPLOMAT PHARMACY, INC.
DPLO
| $25.2M | 0.11% |
1,703,992
+71,846
| +4% | +$1.2M |
|
|
CTT
72
DELISTED
CATCHMARK TIMBER TRUST, INC.
CTT
| $25.2M | 0.11% |
2,214,587
-126,770
| -5% | -$1.47M |
|
73
Moody's
MCO
$87.2B
| $24.5M | 0.11% |
201,306
-164
| -0.1% | -$19.2K |
|
74
American International
AIG
$39.8B
| $22.1M | 0.1% |
354,294
-2,466
| -0.7% | -$153K |
|
|
AVB
75
DELISTED
AvalonBay Communities
AVB
| $22M | 0.1% |
114,501
-174
| -0.2% | -$33.3K |
|
Similar funds
Christopher Davis's Q2 2017 Portfolio in Review
As of Q2 2017, Christopher Davis held 146 positions worth $22.9B, down 1.4% from $23.2B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Christopher Davis withdrew a net $1.06B in Q2 2017, closing 4 positions and reducing 74 holdings. Its most notable exit was Bausch Health, an estimated $43.2M position sold in full.
By sector, the portfolio is most concentrated in Financials at 39% of assets, up from 37% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Christopher Davis opened a new position in Alleghany Corp worth $46.4M.
- Christopher Davis's largest Q2 2017 buy was Alleghany Corp: 77,974 shares worth $46.4M.
- Christopher Davis added most to Capital One in Q2 2017, an estimated $347M increase.
- Christopher Davis's biggest Q2 2017 reduction was Monsanto Co, cutting an estimated $550M.
- Christopher Davis fully exited Bausch Health in Q2 2017, selling an estimated $43.2M.
- Christopher Davis's ten largest holdings make up 48% of its $22.9B portfolio in Q2 2017.
- Christopher Davis opened 5 new positions and closed 4 in Q2 2017.
- Christopher Davis's portfolio value fell 1.4% quarter-over-quarter to $22.9B.
Based on Davis Selected Advisers's 13F filing for Q2 2017, filed 9 Aug 2017.