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 |
Intel
INTC
|
+$330M |
| 2 |
Ovintiv
OVV
|
+$57.6M |
| 3 |
New Oriental
EDU
|
+$57.3M |
| 4 |
Quest Diagnostics
DGX
|
+$34.8M |
| 5 |
Humana
HUM
|
+$34M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Johnson Controls International
JCI
|
+$468M |
| 2 |
GE Aerospace
GE
|
+$225M |
| 3 |
Meta Platforms (Facebook)
META
|
+$120M |
| 4 |
iQIYI
IQ
|
+$41.4M |
| 5 |
APA Corp
APA
|
+$35.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 40.44% |
| 2 | Consumer Discretionary | 12.9% |
| 3 | Communication Services | 12.89% |
| 4 | Technology | 9.9% |
| 5 | Industrials | 6.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
51
Humana
HUM
$45.5B
| $35.5M | 0.18% |
+133,960
| New | +$34M |
|
|
52
iQIYI
IQ
$1.01B
| $34.3M | 0.17% |
1,661,546
-2,002,208
| -55% | -$41.4M |
|
53
Simon Property Group
SPG
$70.6B
| $31.8M | 0.16% |
198,790
-6,310
| -3% | -$1.09M |
|
54
Qorvo
QRVO
$8.43B
| $31.7M | 0.16% |
475,642
-6,165
| -1% | -$428K |
|
|
AVB
55
DELISTED
AvalonBay Communities
AVB
| $29.6M | 0.15% |
145,870
-10,560
| -7% | -$2.14M |
|
56
Equinix
EQIX
$105B
| $29.2M | 0.14% |
57,880
-1,670
| -3% | -$801K |
|
57
Prologis
PLD
$135B
| $27.2M | 0.13% |
340,028
-7,970
| -2% | -$607K |
|
58
Liberty Global Class C
LBTYK
$3.55B
| $25.5M | 0.13% |
962,034
-20,560
| -2% | -$528K |
|
|
GLIBA
59
DELISTED
GCI Liberty, Inc. Class A Common Stock (DE)
GLIBA
| $24.5M | 0.12% |
398,598
-7,880
| -2% | -$467K |
|
|
QVCGA
60
DELISTED
QVC Group Inc Series A
QVCGA
| $20.1M | 0.1% |
33,483
-734
| -2% | -$523K |
|
61
Boston Properties
BXP
$10.8B
| $19.5M | 0.1% |
151,480
-3,490
| -2% | -$469K |
|
62
Owens Corning
OC
$11.7B
| $19.5M | 0.1% |
335,744
-5,768
| -2% | -$294K |
|
63
Essex Property Trust
ESS
$18.6B
| $19.4M | 0.1% |
66,591
-1,900
| -3% | -$548K |
|
|
SCHW
64
Charles Schwab
SCHW
$194B
| $19.3M | 0.1% |
480,084
-9,540
| -2% | -$416K |
|
65
SAP
SAP
$252B
| $19.2M | 0.09% |
140,125
-5,012
| -3% | -$624K |
|
66
Aptiv
APTV
$10B
| $17.8M | 0.09% |
220,420
-154,899
| -41% | -$12.3M |
|
67
Camden Property Trust
CPT
$10.8B
| $17.8M | 0.09% |
170,550
-21,590
| -11% | -$2.22M |
|
|
HPP
68
Hudson Pacific Properties
HPP
$787M
| $17.8M | 0.09% |
76,360
+179
| +0.2% | +$43K |
|
|
VMRK
69
Vivmark Residential
VMRK
$25B
| $17.7M | 0.09% |
233,310
-7,030
| -3% | -$537K |
|
70
Crown Castle
CCI
$32.1B
| $17.6M | 0.09% |
134,990
-2,890
| -2% | -$372K |
|
71
Trip.com Group
TCOM
$29B
| $17.6M | 0.09% |
476,313
-18,767
| -4% | -$740K |
|
72
Digital Realty Trust
DLR
$70.5B
| $17.3M | 0.09% |
146,950
-4,310
| -3% | -$513K |
|
73
Greenlight Captial
GLRE
$499M
| $17.3M | 0.09% |
2,036,640
-15,720
| -0.8% | -$162K |
|
74
Public Storage
PSA
$60.2B
| $16.9M | 0.08% |
71,060
-2,340
| -3% | -$537K |
|
75
Cigna
CI
$73.3B
| $16.7M | 0.08% |
106,034
+7,386
| +7% | +$1.16M |
|
Similar funds
Christopher Davis's Q2 2019 Portfolio in Review
As of Q2 2019, Christopher Davis held 138 positions worth $20.2B, down 0.56% from $20.3B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Christopher Davis withdrew a net $640M in Q2 2019, closing 6 positions and reducing 75 holdings. Its most notable exit was GE Aerospace, an estimated $225M position sold in full.
By sector, the portfolio is most concentrated in Financials at 40% of assets, up from 39% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Christopher Davis opened a new position in Humana worth $35.5M.
- Christopher Davis's largest Q2 2019 buy was Humana: 133,960 shares worth $35.5M.
- Christopher Davis added most to Intel in Q2 2019, an estimated $330M increase.
- Christopher Davis's biggest Q2 2019 reduction was Johnson Controls International, cutting an estimated $468M.
- Christopher Davis fully exited GE Aerospace in Q2 2019, selling an estimated $225M.
- Christopher Davis's ten largest holdings make up 52% of its $20.2B portfolio in Q2 2019.
- Christopher Davis opened 3 new positions and closed 6 in Q2 2019.
- Christopher Davis's portfolio value fell 0.56% quarter-over-quarter to $20.2B.
Based on Davis Selected Advisers's 13F filing for Q2 2019, filed 13 Aug 2019.