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 |
New Oriental
EDU
|
+$342M |
| 2 |
SHPG
Shire pic
SHPG
|
+$256M |
| 3 |
AET
Aetna Inc
AET
|
+$236M |
| 4 |
Johnson Controls International
JCI
|
+$200M |
| 5 |
Capital One
COF
|
+$146M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$496M |
| 2 |
CTRA
Coterra Energy
CTRA
|
+$317M |
| 3 |
ESRX
Express Scripts Holding Company
ESRX
|
+$269M |
| 4 |
Aptiv
APTV
|
+$61.5M |
| 5 |
Vipshop
VIPS
|
+$53.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 41.39% |
| 2 | Consumer Discretionary | 14.33% |
| 3 | Communication Services | 12.83% |
| 4 | Industrials | 10.12% |
| 5 | Energy | 8.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
iQIYI
IQ
$1.01B
| $44.3M | 0.19% |
+2,850,400
| New | +$44.3M |
|
52
Davis Select Financial ETF
DFNL
$483M
| $44.1M | 0.19% |
1,840,055
+25,505
| +1% | +$628K |
|
53
Davis Select Worldwide ETF
DWLD
$611M
| $43.8M | 0.19% |
1,685,395
+34,595
| +2% | +$939K |
|
|
SCHW
54
Charles Schwab
SCHW
$194B
| $42.7M | 0.18% |
816,812
-29,956
| -4% | -$1.61M |
|
55
ZTO Express
ZTO
$16.2B
| $42M | 0.18% |
2,801,230
-1,227,923
| -30% | -$19.3M |
|
56
Angi Inc
ANGI
$200M
| $39.8M | 0.17% |
292,871
-202,456
| -41% | -$28.2M |
|
|
QUOT
57
DELISTED
Quotient Technology Inc
QUOT
| $39.5M | 0.17% |
3,017,402
+1,226,964
| +69% | +$15.5M |
|
58
Intel
INTC
$476B
| $38.5M | 0.17% |
738,476
+311,358
| +73% | +$14.8M |
|
|
OAK
59
DELISTED
OAKTREE CAPITAL GROUP, LLC
OAK
| $36.2M | 0.16% |
+913,476
| New | +$39.2M |
|
60
Simon Property Group
SPG
$70.6B
| $31.7M | 0.14% |
205,130
-41,297
| -17% | -$6.57M |
|
61
Qorvo
QRVO
$8.43B
| $30M | 0.13% |
+426,274
| New | +$32.1M |
|
62
Applied Materials
AMAT
$391B
| $28.3M | 0.12% |
508,802
+5,577
| +1% | +$310K |
|
63
Brookfield
BN
$93.1B
| $27.8M | 0.12% |
1,997,124
-57,310
| -3% | -$830K |
|
64
Eaton
ETN
$163B
| $27.1M | 0.12% |
338,868
+2,917
| +0.9% | +$239K |
|
|
ESRX
65
DELISTED
Express Scripts Holding Company
ESRX
| $26.6M | 0.12% |
385,436
-3,531,264
| -90% | -$269M |
|
|
GLIBA
66
DELISTED
GCI Liberty, Inc. Class A Common Stock (DE)
GLIBA
| $26.3M | 0.11% |
+497,528
| New | +$26.1M |
|
|
MRSH
67
Marsh
MRSH
$91.6B
| $25.6M | 0.11% |
309,670
+2,886
| +0.9% | +$239K |
|
68
Baidu
BIDU
$31.6B
| $22.6M | 0.1% |
101,433
+8,210
| +9% | +$2.02M |
|
69
Liberty Latin America Class C
LILAK
$1.64B
| $22.6M | 0.1% |
1,380,421
-66,891
| -5% | -$1.23M |
|
70
American International
AIG
$39.8B
| $19.8M | 0.09% |
363,048
-2,268
| -0.6% | -$134K |
|
|
EQM
71
DELISTED
EQM Midstream Partners, LP
EQM
| $19.5M | 0.08% |
329,755
+94,491
| +40% | +$6.41M |
|
72
Prologis
PLD
$135B
| $19.3M | 0.08% |
305,696
+40,936
| +15% | +$2.54M |
|
|
AVB
73
DELISTED
AvalonBay Communities
AVB
| $19.1M | 0.08% |
116,282
+32,171
| +38% | +$5.27M |
|
74
Equinix
EQIX
$105B
| $17.9M | 0.08% |
+42,784
| New | +$18M |
|
75
Blackstone
BX
$108B
| $17.6M | 0.08% |
+549,980
| New | +$18.8M |
|
Similar funds
Christopher Davis's Q1 2018 Portfolio in Review
As of Q1 2018, Christopher Davis held 157 positions worth $23.1B, down 1.8% from $23.5B the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Christopher Davis's Q1 2018 filing shows 14 new, 50 increased, 74 reduced and 11 closed positions. Its largest new stake was Shire pic: 1,860,234 shares worth $278M. The largest sale was Amazon, an estimated $496M.
By sector, the portfolio is most concentrated in Financials at 41% of assets, up from 40% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Christopher Davis's largest Q1 2018 buy was Shire pic: 1,860,234 shares worth $278M.
- Christopher Davis added most to New Oriental in Q1 2018, an estimated $342M increase.
- Christopher Davis's biggest Q1 2018 reduction was Amazon, cutting an estimated $496M.
- Christopher Davis fully exited Delphi Technologies PLC Ordinary Shares in Q1 2018, selling an estimated $37M.
- Christopher Davis's ten largest holdings make up 50% of its $23.1B portfolio in Q1 2018.
- Christopher Davis opened 14 new positions and closed 11 in Q1 2018.
- Christopher Davis's portfolio value fell 1.8% quarter-over-quarter to $23.1B.
Based on Davis Selected Advisers's 13F filing for Q1 2018, filed 14 May 2018.