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CD

Christopher Davis Davis Selected Advisers

AUM $23.3B
1-Year Est. Return 26.95%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+4.7%
1 Year Est. Return
+26.95%
3 Year Est. Return
+93.11%
5 Year Est. Return
+96.73%
10 Year Est. Return
+388.76%
AUM
$22.7B
AUM Growth
+$109M
Cap. Flow
-$756M
Cap. Flow %
-3.33%
Top 10 Hldgs %
44.06%
Holding
175
New
11
Increased
52
Reduced
61
Closed
37

Top Buys

Rank Stock Value
1
ATVI
Activision Blizzard
ATVI
+$258M
2
OXY icon
Occidental Petroleum
OXY
+$196M
3
EQT icon
EQT Corp
EQT
+$175M
4
TXN icon
Texas Instruments
TXN
+$97.9M
5
LILAK icon
Liberty Latin America Class C
LILAK
+$58.7M

Top Sells

Rank Stock Value
1
LVS icon
Las Vegas Sands
LVS
+$338M
2
AMZN icon
Amazon
AMZN
+$289M
3
LH icon
Labcorp
LH
+$199M
4
MON
Monsanto Co
MON
+$163M
5
LBTYK icon
Liberty Global Class C
LBTYK
+$84M

Sector Composition

Rank Sector Weight
1 Financials 33.61%
2 Energy 12.21%
3 Consumer Discretionary 11.76%
4 Communication Services 11.06%
5 Technology 7.59%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CONE
76
DELISTED
CyrusOne Inc Common Stock
CONE
$19.1M 0.08%
343,750
-246,750
-42% -$11.9M
SPGI icon
77
S&P Global
SPGI
$127B
$18.9M 0.08%
+175,750
New +$18.9M
ESS icon
78
Essex Property Trust
ESS
$18.6B
$18.6M 0.08%
81,707
+16,743
+26% +$3.74M
RPT
79
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
$18.6M 0.08%
948,920
+23,185
+3% +$421K
ROIC
80
DELISTED
Retail Opportunity Investments Corp.
ROIC
$18.4M 0.08%
850,058
+30,527
+4% +$617K
EDR
81
DELISTED
Education Realty Trust Inc
EDR
$18.1M 0.08%
392,658
-21,702
-5% -$911K
GGP
82
DELISTED
GGP Inc.
GGP
$17.8M 0.08%
+595,550
New +$16.8M
AIG icon
83
American International
AIG
$39.8B
$17.6M 0.08%
331,990
– –
DCT
84
DELISTED
DCT Industrial Trust Inc.
DCT
$17.2M 0.08%
358,793
-44,432
-11% -$1.89M
AKR icon
85
Acadia Realty Trust
AKR
$2.89B
$17.2M 0.08%
484,458
-249,329
-34% -$8.53M
CABO icon
86
Cable One
CABO
$129M
$16.4M 0.07%
32,116
-429
-1% -$205K
HIW icon
87
Highwoods Properties
HIW
$3.46B
$16.4M 0.07%
310,627
+338
+0.1% +$16.3K
VMRK
88
Vivmark Residential
VMRK
$25B
$16.3M 0.07%
236,335
+27,815
+13% +$1.91M
WELL icon
89
Welltower
WELL
$172B
$15.5M 0.07%
204,112
+283
+0.1% +$20.1K
LTRPA
90
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
$15.2M 0.07%
692,656
-28,083
-4% -$618K
FCE.A
91
DELISTED
Forest City Realty Trust, Inc.
FCE.A
$15.1M 0.07%
675,220
+887
+0.1% +$19.3K
CCI icon
92
Crown Castle
CCI
$32.1B
$14.4M 0.06%
142,202
+17
+0% +$1.54K
TAL icon
93
TAL Education Group
TAL
$6.28B
$13.9M 0.06%
+1,339,350
New +$12.3M
DFT
94
DELISTED
DuPont Fabros Technology Inc.
DFT
$13.7M 0.06%
288,179
+21
+0% +$903
EDU icon
95
New Oriental
EDU
$8.88B
$13.5M 0.06%
+322,708
New +$12.7M
CUZ icon
96
Cousins Properties
CUZ
$4.89B
$13M 0.06%
442,833
-310,249
-41% -$9.22M
TV icon
97
Televisa
TV
$1.47B
$12.6M 0.06%
485,488
-1,330
-0.3% -$35.1K
CPT icon
98
Camden Property Trust
CPT
$10.8B
$12.6M 0.06%
142,447
+1,975
+1% +$165K
CDR
99
DELISTED
Cedar Realty Trust, Inc
CDR
$11.6M 0.05%
235,994
+8,467
+4% +$392K
AMH icon
100
American Homes 4 Rent
AMH
$12.4B
$11.5M 0.05%
559,506
+489
+0.1% +$8.46K
2 3
4
5 6

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A
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AF
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MG
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CLGM
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NAM
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ATO
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Christopher Davis's Q2 2016 Portfolio in Review

As of Q2 2016, Christopher Davis held 175 positions worth $22.7B, up 0.48% from $22.6B the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Christopher Davis withdrew a net $756M in Q2 2016, closing 37 positions and reducing 61 holdings. Its most notable exit was Las Vegas Sands, an estimated $338M position sold in full.

By sector, the portfolio is most concentrated in Financials at 34% of assets, down from 34% a quarter earlier, followed by Energy and Consumer Discretionary.

Against the trend, Christopher Davis opened a new position in Activision Blizzard worth $279M.

  • Christopher Davis's largest Q2 2016 buy was Activision Blizzard: 7,027,568 shares worth $279M.
  • Christopher Davis added most to Occidental Petroleum in Q2 2016, an estimated $196M increase.
  • Christopher Davis's biggest Q2 2016 reduction was Amazon, cutting an estimated $289M.
  • Christopher Davis fully exited Las Vegas Sands in Q2 2016, selling an estimated $338M.
  • Christopher Davis's ten largest holdings make up 44% of its $22.7B portfolio in Q2 2016.
  • Christopher Davis opened 11 new positions and closed 37 in Q2 2016.
  • Christopher Davis's portfolio value rose 0.48% quarter-over-quarter to $22.7B.

Based on Davis Selected Advisers's 13F filing for Q2 2016, filed 12 Aug 2016.