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 |
Las Vegas Sands
LVS
|
+$817M |
| 2 |
Amazon
AMZN
|
+$400M |
| 3 |
Bausch Health
BHC
|
+$358M |
| 4 |
Sysco
SYY
|
+$342M |
| 5 |
SFUN
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
|
+$154M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CVS Health
CVS
|
+$1.53B |
| 2 |
American Express
AXP
|
+$700M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$587M |
| 4 |
BNY
Bank of New York Mellon
BNY
|
+$406M |
| 5 |
Coca-Cola
KO
|
+$356M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 37.59% |
| 2 | Healthcare | 12.22% |
| 3 | Consumer Discretionary | 10.61% |
| 4 | Communication Services | 10.18% |
| 5 | Energy | 6.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
EDR
76
DELISTED
Education Realty Trust Inc
EDR
| $24.5M | 0.07% |
827,480
-10,486
| -1% | -$293K |
|
77
Federal Realty Investment Trust
FRT
$10.1B
| $24.3M | 0.07% |
211,847
+17,133
| +9% | +$1.87M |
|
|
SIAL
78
DELISTED
SIGMA - ALDRICH CORP
SIAL
| $22.5M | 0.06% |
241,179
+1,714
| +0.7% | +$160K |
|
79
Televisa
TV
$1.47B
| $22.2M | 0.06% |
667,013
+138,158
| +26% | +$4.16M |
|
80
Idexx Laboratories
IDXX
$43.9B
| $21.8M | 0.06% |
359,158
+20,076
| +6% | +$1.2M |
|
81
Trip.com Group
TCOM
$29B
| $21.3M | 0.06% |
845,100
+85,680
| +11% | +$1.97M |
|
82
Tanger
SKT
$4.39B
| $20M | 0.06% |
572,455
+84,286
| +17% | +$2.86M |
|
83
Host Hotels & Resorts
HST
$15.9B
| $19.6M | 0.05% |
967,895
+78,339
| +9% | +$1.52M |
|
84
TransDigm Group
TDG
$66.4B
| $19.3M | 0.05% |
104,246
+8,907
| +9% | +$1.56M |
|
|
DCT
85
DELISTED
DCT Industrial Trust Inc.
DCT
| $18.7M | 0.05% |
593,199
+211,653
| +55% | +$6.36M |
|
86
Acadia Realty Trust
AKR
$2.89B
| $18.3M | 0.05% |
694,955
+58,121
| +9% | +$1.5M |
|
|
DFT
87
DELISTED
DuPont Fabros Technology Inc.
DFT
| $18.2M | 0.05% |
755,184
-104,837
| -12% | -$2.64M |
|
88
Vornado Realty Trust
VNO
$7.07B
| $17.9M | 0.05% |
248,066
-85,945
| -26% | -$5.94M |
|
89
Prologis
PLD
$135B
| $17.6M | 0.05% |
+431,903
| New | +$17M |
|
90
CubeSmart
CUBE
$9.21B
| $17.3M | 0.05% |
1,008,278
+709,633
| +238% | +$11.9M |
|
|
PPS
91
DELISTED
Post Properties
PPS
| $16.7M | 0.05% |
339,741
+28,307
| +9% | +$1.35M |
|
|
SINA
92
DELISTED
Sina Corp
SINA
| $16.2M | 0.04% |
268,674
+13,801
| +5% | +$984K |
|
93
EastGroup Properties
EGP
$10.8B
| $16M | 0.04% |
254,309
+20,405
| +9% | +$1.23M |
|
|
BMR
94
DELISTED
BIOMED REALTY TRUST INC
BMR
| $14.9M | 0.04% |
728,251
+65,072
| +10% | +$1.28M |
|
95
Nabors Industries
NBR
$1.37B
| $14.2M | 0.04% |
11,554
-391
| -3% | -$390K |
|
96
ATI
ATI
$28.2B
| $13.9M | 0.04% |
369,221
-8,190
| -2% | -$275K |
|
|
FCE.A
97
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $13.8M | 0.04% |
722,142
-204,737
| -22% | -$3.87M |
|
98
Kohl's
KSS
$2B
| $13.4M | 0.04% |
235,110
| – | – |
|
|
LHO
99
DELISTED
LaSalle Hotel Properties
LHO
| $13.3M | 0.04% |
423,486
+34,607
| +9% | +$1.08M |
|
100
Devon Energy
DVN
$54B
| $12.8M | 0.04% |
191,707
+75
| +0% | +$4.66K |
|
Similar funds
Christopher Davis's Q1 2014 Portfolio in Review
As of Q1 2014, Christopher Davis held 201 positions worth $36.3B, down 11% from $40.9B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Christopher Davis withdrew a net $5.19B in Q1 2014, closing 26 positions and reducing 65 holdings. Its most notable exit was Ameriprise Financial, an estimated $344M position sold in full.
By sector, the portfolio is most concentrated in Financials at 38% of assets, down from 39% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Christopher Davis opened a new position in Sysco worth $344M.
- Christopher Davis's largest Q1 2014 buy was Sysco: 9,515,802 shares worth $344M.
- Christopher Davis added most to Las Vegas Sands in Q1 2014, an estimated $817M increase.
- Christopher Davis's biggest Q1 2014 reduction was CVS Health, cutting an estimated $1.53B.
- Christopher Davis fully exited Ameriprise Financial in Q1 2014, selling an estimated $344M.
- Christopher Davis's ten largest holdings make up 47% of its $36.3B portfolio in Q1 2014.
- Christopher Davis opened 12 new positions and closed 26 in Q1 2014.
- Christopher Davis's portfolio value fell 11% quarter-over-quarter to $36.3B.
Based on Davis Selected Advisers's 13F filing for Q1 2014, filed 13 May 2014.