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 |
Meta Platforms (Facebook)
META
|
+$268M |
| 2 |
Amazon
AMZN
|
+$247M |
| 3 |
Markel Group
MKL
|
+$52.1M |
| 4 |
FITB
Fifth Third Bancorp
FITB
|
+$29.6M |
| 5 |
Owens Corning
OC
|
+$20.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cigna
CI
|
+$397M |
| 2 |
JD.com
JD
|
+$195M |
| 3 |
Wells Fargo
WFC
|
+$56M |
| 4 |
Berkshire Hathaway Class A
BRK.A
|
+$39.5M |
| 5 |
SCHW
Charles Schwab
SCHW
|
+$36.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 46.52% |
| 2 | Communication Services | 11.68% |
| 3 | Technology | 11% |
| 4 | Healthcare | 10.94% |
| 5 | Consumer Discretionary | 7.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ROIC
76
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $8.49M | 0.06% |
565,145
| – | – |
|
|
VMRK
77
Vivmark Residential
VMRK
$25B
| $8.25M | 0.06% |
139,785
-62,820
| -31% | -$3.93M |
|
78
Sunstone Hotel Investors
SHO
$2.1B
| $7.89M | 0.05% |
816,580
| – | – |
|
79
American Homes 4 Rent
AMH
$12.4B
| $7.76M | 0.05% |
257,380
| – | – |
|
80
Douglas Emmett
DEI
$1.97B
| $7.59M | 0.05% |
483,820
+46,040
| +11% | +$766K |
|
81
Extra Space Storage
EXR
$31B
| $7.41M | 0.05% |
50,320
| – | – |
|
82
Greenlight Captial
GLRE
$499M
| $7.38M | 0.05% |
905,612
-56,636
| -6% | -$442K |
|
83
Camden Property Trust
CPT
$10.8B
| $7.3M | 0.05% |
65,210
| – | – |
|
84
M&T Bank
MTB
$34.7B
| $6.95M | 0.05% |
47,915
| – | – |
|
85
State Street
STT
$51.4B
| $6.93M | 0.05% |
89,316
+11,470
| +15% | +$845K |
|
86
Host Hotels & Resorts
HST
$15.9B
| $6.55M | 0.04% |
408,130
| – | – |
|
|
WCC
87
WESCO International
WCC
$17B
| $6.5M | 0.04% |
51,905
+9,284
| +22% | +$1.17M |
|
|
LSI
88
DELISTED
Life Storage, Inc.
LSI
| $5.37M | 0.04% |
54,520
+18,690
| +52% | +$1.96M |
|
89
Baidu
BIDU
$31.6B
| $5.36M | 0.04% |
46,820
-2,047
| -4% | -$209K |
|
90
Federal Realty Investment Trust
FRT
$10.1B
| $5.19M | 0.04% |
51,370
-18,670
| -27% | -$1.89M |
|
91
VICI Properties
VICI
$29.2B
| $4.88M | 0.03% |
150,510
| – | – |
|
|
NTST
92
NETSTREIT Corp
NTST
$2.07B
| $4.77M | 0.03% |
260,350
| – | – |
|
93
CubeSmart
CUBE
$9.21B
| $4.73M | 0.03% |
117,450
+54,570
| +87% | +$2.2M |
|
94
Sun Communities
SUI
$14.8B
| $4.72M | 0.03% |
33,010
| – | – |
|
|
STOR
95
DELISTED
STORE Capital Corporation
STOR
| $4.55M | 0.03% |
141,770
-25,540
| -15% | -$810K |
|
|
HPP
96
Hudson Pacific Properties
HPP
$787M
| $4.46M | 0.03% |
65,525
| – | – |
|
97
Innovative Industrial Properties
IIPR
$1.56B
| $4.46M | 0.03% |
44,000
+8,590
| +24% | +$914K |
|
98
Highwoods Properties
HIW
$3.46B
| $4.28M | 0.03% |
153,070
-33,690
| -18% | -$937K |
|
99
Healthpeak Properties
DOC
$14.8B
| $4.12M | 0.03% |
164,496
-162,040
| -50% | -$3.94M |
|
100
Boston Properties
BXP
$10.8B
| $3.7M | 0.03% |
54,720
-46,590
| -46% | -$3.3M |
|
Similar funds
Christopher Davis's Q4 2022 Portfolio in Review
As of Q4 2022, Christopher Davis held 116 positions worth $14.7B, up 4.6% from $14.1B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Christopher Davis's Q4 2022 filing shows 2 new, 30 increased, 55 reduced and 7 closed positions. Its largest new stake was MasterBrand: 2,187,640 shares worth $16.5M. The largest sale was Cigna, an estimated $397M.
By sector, the portfolio is most concentrated in Financials at 47% of assets, up from 45% a quarter earlier, followed by Communication Services and Technology.
- Christopher Davis's largest Q4 2022 buy was MasterBrand: 2,187,640 shares worth $16.5M.
- Christopher Davis added most to Meta Platforms (Facebook) in Q4 2022, an estimated $268M increase.
- Christopher Davis's biggest Q4 2022 reduction was Cigna, cutting an estimated $397M.
- Christopher Davis fully exited VMware, Inc in Q4 2022, selling an estimated $7.26M.
- Christopher Davis's ten largest holdings make up 54% of its $14.7B portfolio in Q4 2022.
- Christopher Davis opened 2 new positions and closed 7 in Q4 2022.
- Christopher Davis's portfolio value rose 4.6% quarter-over-quarter to $14.7B.
Based on Davis Selected Advisers's 13F filing for Q4 2022, filed 10 Feb 2023.