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 |
GE Aerospace
GE
|
+$819M |
| 2 |
Applied Materials
AMAT
|
+$445M |
| 3 |
New Oriental
EDU
|
+$255M |
| 4 |
Magnolia Oil & Gas
MGY
|
+$131M |
| 5 |
JD.com
JD
|
+$67.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Johnson Controls International
JCI
|
+$496M |
| 2 |
JPMorgan Chase
JPM
|
+$433M |
| 3 |
Amazon
AMZN
|
+$324M |
| 4 |
Occidental Petroleum
OXY
|
+$274M |
| 5 |
Ovintiv
OVV
|
+$208M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 41.43% |
| 2 | Communication Services | 12.68% |
| 3 | Consumer Discretionary | 12.66% |
| 4 | Industrials | 10.78% |
| 5 | Energy | 8.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Public Storage
PSA
$60.2B
| $15M | 0.06% |
74,340
-67
| -0.1% | -$14.5K |
|
77
Acadia Realty Trust
AKR
$2.89B
| $14.9M | 0.06% |
533,227
+42,389
| +9% | +$1.17M |
|
78
Trip.com Group
TCOM
$29B
| $14.9M | 0.06% |
401,548
+11,414
| +3% | +$463K |
|
79
Rexford Industrial Realty
REXR
$8.3B
| $14.9M | 0.06% |
464,720
+37,448
| +9% | +$1.18M |
|
|
VMRK
80
Vivmark Residential
VMRK
$25B
| $14.7M | 0.06% |
222,035
-10,340
| -4% | -$684K |
|
81
Crown Castle
CCI
$32.1B
| $14.5M | 0.06% |
129,918
+10,322
| +9% | +$1.15M |
|
82
UnitedHealth
UNH
$350B
| $14.5M | 0.06% |
54,368
+72
| +0.1% | +$18.7K |
|
83
Quest Diagnostics
DGX
$27B
| $14.3M | 0.06% |
132,539
-618
| -0.5% | -$67.8K |
|
84
Digital Realty Trust
DLR
$70.5B
| $14.1M | 0.06% |
125,779
+9,983
| +9% | +$1.2M |
|
|
CTRA
85
DELISTED
Coterra Energy
CTRA
| $14.1M | 0.06% |
627,974
-763,358
| -55% | -$17.8M |
|
86
Terreno Realty
TRNO
$7.43B
| $14M | 0.06% |
372,555
+29,738
| +9% | +$1.11M |
|
|
ROIC
87
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $13.9M | 0.06% |
742,581
+58,659
| +9% | +$1.12M |
|
88
Regency Centers
REG
$13.9B
| $13.8M | 0.06% |
213,160
+16,893
| +9% | +$1.08M |
|
|
LEXEA
89
DELISTED
Liberty Expedia Holdings, Inc. Class A Common Stock
LEXEA
| $13.7M | 0.06% |
290,534
-32,490
| -10% | -$1.52M |
|
90
Novartis
NVS
$302B
| $13.6M | 0.06% |
175,851
-14,774
| -8% | -$1.09M |
|
91
Alexandria Real Estate Equities
ARE
$9.21B
| $13.4M | 0.06% |
106,497
+8,851
| +9% | +$1.12M |
|
92
Cousins Properties
CUZ
$4.89B
| $13.1M | 0.06% |
367,879
+29,584
| +9% | +$1.1M |
|
|
HPP
93
Hudson Pacific Properties
HPP
$787M
| $12.9M | 0.06% |
56,417
+4,487
| +9% | +$1.06M |
|
|
ACC
94
DELISTED
American Campus Communities, Inc.
ACC
| $12.8M | 0.05% |
310,152
+25,358
| +9% | +$1.06M |
|
95
Federal Realty Investment Trust
FRT
$10.1B
| $12.7M | 0.05% |
100,402
+7,925
| +9% | +$1.01M |
|
96
Healthpeak Properties
DOC
$14.8B
| $12.2M | 0.05% |
464,585
+124,585
| +37% | +$3.27M |
|
97
Host Hotels & Resorts
HST
$15.9B
| $12M | 0.05% |
566,801
+28,499
| +5% | +$603K |
|
98
First Industrial Realty Trust
FR
$8.34B
| $11.8M | 0.05% |
376,460
-109,189
| -22% | -$3.54M |
|
99
Vornado Realty Trust
VNO
$7.07B
| $10M | 0.04% |
137,202
+18,527
| +16% | +$1.37M |
|
100
ZTO Express
ZTO
$16.2B
| $9.92M | 0.04% |
598,622
+23,682
| +4% | +$456K |
|
Similar funds
Christopher Davis's Q3 2018 Portfolio in Review
As of Q3 2018, Christopher Davis held 149 positions worth $23.3B, down 0.99% from $23.5B the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Christopher Davis's Q3 2018 filing shows 11 new, 63 increased, 51 reduced and 10 closed positions. Its largest new stake was GE Aerospace: 13,278,987 shares worth $718M. The largest sale was Johnson Controls International, an estimated $496M.
By sector, the portfolio is most concentrated in Financials at 41% of assets, down from 42% a quarter earlier, followed by Communication Services and Consumer Discretionary.
- Christopher Davis's largest Q3 2018 buy was GE Aerospace: 13,278,987 shares worth $718M.
- Christopher Davis added most to Applied Materials in Q3 2018, an estimated $445M increase.
- Christopher Davis's biggest Q3 2018 reduction was Johnson Controls International, cutting an estimated $496M.
- Christopher Davis fully exited Occidental Petroleum in Q3 2018, selling an estimated $274M.
- Christopher Davis's ten largest holdings make up 50% of its $23.3B portfolio in Q3 2018.
- Christopher Davis opened 11 new positions and closed 10 in Q3 2018.
- Christopher Davis's portfolio value fell 0.99% quarter-over-quarter to $23.3B.
Based on Davis Selected Advisers's 13F filing for Q3 2018, filed 13 Nov 2018.