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 | |
|---|---|---|---|---|---|---|
76
Public Storage
PSA
$60.2B
| $17.1M | 0.07% |
85,125
-13,459
| -14% | -$2.62M |
|
77
Novartis
NVS
$302B
| $16.6M | 0.07% |
229,289
-126,923
| -36% | -$9.66M |
|
78
SAP
SAP
$252B
| $15.4M | 0.07% |
146,384
+3,558
| +2% | +$384K |
|
79
Boston Properties
BXP
$10.8B
| $15M | 0.06% |
121,835
+263
| +0.2% | +$32K |
|
|
FCE.A
80
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $14.8M | 0.06% |
732,836
+205,400
| +39% | +$4.56M |
|
81
Essex Property Trust
ESS
$18.6B
| $14.5M | 0.06% |
60,326
-23,110
| -28% | -$5.33M |
|
82
First Industrial Realty Trust
FR
$8.34B
| $14.2M | 0.06% |
486,907
+485
| +0.1% | +$14.3K |
|
83
Trip.com Group
TCOM
$29B
| $14.2M | 0.06% |
303,839
+46,848
| +18% | +$2.2M |
|
|
VMRK
84
Vivmark Residential
VMRK
$25B
| $13.6M | 0.06% |
221,390
+332
| +0.2% | +$19.7K |
|
85
Quest Diagnostics
DGX
$27B
| $13.4M | 0.06% |
133,375
+678
| +0.5% | +$69.4K |
|
|
LEXEA
86
DELISTED
Liberty Expedia Holdings, Inc. Class A Common Stock
LEXEA
| $13M | 0.06% |
331,824
-16,370
| -5% | -$699K |
|
87
Camden Property Trust
CPT
$10.8B
| $12.8M | 0.06% |
151,794
+15,782
| +12% | +$1.32M |
|
88
Extra Space Storage
EXR
$31B
| $12.6M | 0.05% |
143,983
+32,585
| +29% | +$2.74M |
|
89
Alexandria Real Estate Equities
ARE
$9.21B
| $12.2M | 0.05% |
97,874
+74
| +0.1% | +$9.18K |
|
90
UnitedHealth
UNH
$350B
| $11.8M | 0.05% |
55,035
-11,671
| -17% | -$2.67M |
|
91
Rexford Industrial Realty
REXR
$8.3B
| $11.7M | 0.05% |
408,031
-41
| -0% | -$1.16K |
|
92
Welltower
WELL
$172B
| $11.6M | 0.05% |
214,011
-39,512
| -16% | -$2.23M |
|
93
Digital Realty Trust
DLR
$70.5B
| $11.6M | 0.05% |
+110,084
| New | +$11.6M |
|
94
Acadia Realty Trust
AKR
$2.89B
| $11.5M | 0.05% |
467,193
-243,507
| -34% | -$5.98M |
|
|
ROIC
95
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $11.5M | 0.05% |
649,912
+488
| +0.1% | +$8.77K |
|
96
SL Green Realty
SLG
$4.07B
| $11.4M | 0.05% |
122,072
+353
| +0.3% | +$33.1K |
|
97
Terreno Realty
TRNO
$7.43B
| $11.3M | 0.05% |
328,122
+873
| +0.3% | +$30K |
|
|
LSI
98
DELISTED
Life Storage, Inc.
LSI
| $11.1M | 0.05% |
198,500
+513
| +0.3% | +$28K |
|
|
HPP
99
Hudson Pacific Properties
HPP
$787M
| $10.9M | 0.05% |
47,896
-6
| -0% | -$1.33K |
|
100
Cousins Properties
CUZ
$4.89B
| $10.9M | 0.05% |
312,765
+244
| +0.1% | +$8.52K |
|
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.