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 |
Alibaba
BABA
|
+$526M |
| 2 |
Johnson Controls International
JCI
|
+$152M |
| 3 |
DLPH
Delphi Technologies PLC Ordinary Shares
DLPH
|
+$36.6M |
| 4 |
Adient
ADNT
|
+$32M |
| 5 |
Capital One
COF
|
+$28.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PX
Praxair Inc
PX
|
+$376M |
| 2 |
American Express
AXP
|
+$297M |
| 3 |
CarMax
KMX
|
+$290M |
| 4 |
UnitedHealth
UNH
|
+$262M |
| 5 |
Costco
COST
|
+$237M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 40.43% |
| 2 | Consumer Discretionary | 15.09% |
| 3 | Communication Services | 12.83% |
| 4 | Energy | 10.19% |
| 5 | Industrials | 9.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
PNC Financial Services
PNC
$97B
| $45.6M | 0.19% |
316,173
+6,141
| +2% | +$849K |
|
|
SCHW
52
Charles Schwab
SCHW
$194B
| $43.5M | 0.18% |
846,768
+19,136
| +2% | +$899K |
|
53
Davis Select Financial ETF
DFNL
$483M
| $43.5M | 0.18% |
1,814,550
+13,500
| +0.7% | +$315K |
|
54
Davis Select Worldwide ETF
DWLD
$611M
| $43.3M | 0.18% |
1,650,800
+38,000
| +2% | +$960K |
|
55
Simon Property Group
SPG
$70.6B
| $42.3M | 0.18% |
246,427
+13,390
| +6% | +$2.17M |
|
56
Vipshop
VIPS
$6.98B
| $38.4M | 0.16% |
3,277,318
-382,346
| -10% | -$3.38M |
|
|
DLPH
57
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
| $37M | 0.16% |
+704,943
| New | +$36.6M |
|
|
DPLO
58
DELISTED
DIPLOMAT PHARMACY, INC.
DPLO
| $36.1M | 0.15% |
1,799,128
+93,894
| +6% | +$1.85M |
|
59
Brookfield
BN
$93.1B
| $31.9M | 0.14% |
2,054,434
+44,737
| +2% | +$676K |
|
|
LVNTA
60
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $28.3M | 0.12% |
522,118
-6,597
| -1% | -$376K |
|
61
Novartis
NVS
$302B
| $26.8M | 0.11% |
356,212
-34,596
| -9% | -$2.61M |
|
62
Eaton
ETN
$163B
| $26.5M | 0.11% |
335,951
-198,273
| -37% | -$15.4M |
|
63
Applied Materials
AMAT
$391B
| $25.7M | 0.11% |
503,225
-1,792
| -0.4% | -$97.1K |
|
|
MRSH
64
Marsh
MRSH
$91.6B
| $25M | 0.11% |
306,784
-203,428
| -40% | -$16.9M |
|
65
Liberty Latin America Class C
LILAK
$1.64B
| $24.6M | 0.1% |
1,447,312
-161,530
| -10% | -$3.04M |
|
66
Baidu
BIDU
$31.6B
| $21.8M | 0.09% |
93,223
+9,434
| +11% | +$2.31M |
|
67
American International
AIG
$39.8B
| $21.8M | 0.09% |
365,316
+7,682
| +2% | +$472K |
|
|
QUOT
68
DELISTED
Quotient Technology Inc
QUOT
| $21M | 0.09% |
1,790,438
+5,270
| +0.3% | +$73.1K |
|
69
Public Storage
PSA
$60.2B
| $20.6M | 0.09% |
98,584
+130
| +0.1% | +$27.5K |
|
|
CXO
70
DELISTED
CONCHO RESOURCES INC.
CXO
| $20.6M | 0.09% |
136,907
+860
| +0.6% | +$120K |
|
71
Essex Property Trust
ESS
$18.6B
| $20.1M | 0.09% |
83,436
+160
| +0.2% | +$40.4K |
|
72
Intel
INTC
$476B
| $19.7M | 0.08% |
427,118
+4,137
| +1% | +$181K |
|
73
Acadia Realty Trust
AKR
$2.89B
| $19.4M | 0.08% |
710,700
+211,480
| +42% | +$6.05M |
|
|
EQM
74
DELISTED
EQM Midstream Partners, LP
EQM
| $17.2M | 0.07% |
235,264
+109,162
| +87% | +$7.8M |
|
75
iShares S&P 500 Value ETF
IVE
$50.2B
| $17.1M | 0.07% |
149,732
+147,495
| +6,593% | +$16.3M |
|
Similar funds
Christopher Davis's Q4 2017 Portfolio in Review
As of Q4 2017, Christopher Davis held 148 positions worth $23.5B, up 0.2% from $23.5B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Christopher Davis withdrew a net $1.69B in Q4 2017, closing 5 positions and reducing 54 holdings. Its most notable exit was S&P Global, an estimated $28.2M position sold in full.
By sector, the portfolio is most concentrated in Financials at 40% of assets, up from 40% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Christopher Davis opened a new position in Delphi Technologies PLC Ordinary Shares worth $37M.
- Christopher Davis's largest Q4 2017 buy was Delphi Technologies PLC Ordinary Shares: 704,943 shares worth $37M.
- Christopher Davis added most to Alibaba in Q4 2017, an estimated $526M increase.
- Christopher Davis's biggest Q4 2017 reduction was Praxair Inc, cutting an estimated $376M.
- Christopher Davis fully exited S&P Global in Q4 2017, selling an estimated $28.2M.
- Christopher Davis's ten largest holdings make up 51% of its $23.5B portfolio in Q4 2017.
- Christopher Davis opened 5 new positions and closed 5 in Q4 2017.
- Christopher Davis's portfolio value rose 0.2% quarter-over-quarter to $23.5B.
Based on Davis Selected Advisers's 13F filing for Q4 2017, filed 13 Feb 2018.