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 |
Devon Energy
DVN
|
+$1.17B |
| 2 |
JBS
JBS N.V.
JBS
|
+$348M |
| 3 |
LyondellBasell Industries
LYB
|
+$214M |
| 4 |
Amazon
AMZN
|
+$214M |
| 5 |
Trip.com Group
TCOM
|
+$109M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CTRA
Coterra Energy
CTRA
|
+$1.3B |
| 2 |
Applied Materials
AMAT
|
+$505M |
| 3 |
Teck Resources
TECK
|
+$135M |
| 4 |
Texas Instruments
TXN
|
+$114M |
| 5 |
Restaurant Brands International
QSR
|
+$60.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 29.33% |
| 2 | Healthcare | 18.85% |
| 3 | Consumer Discretionary | 12.52% |
| 4 | Communication Services | 12.02% |
| 5 | Consumer Staples | 5.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FRMI
101
Fermi Inc
FRMI
$3.79B
| $4.13M | 0.02% |
451,400
+145,670
| +48% | +$921K |
|
102
Extra Space Storage
EXR
$31B
| $4M | 0.02% |
27,535
-600
| -2% | -$85.8K |
|
103
Jones Lang LaSalle
JLL
$17.8B
| $3.81M | 0.02% |
12,295
-100
| -0.8% | -$31.1K |
|
104
CubeSmart
CUBE
$9.21B
| $3.59M | 0.02% |
90,280
-1,990
| -2% | -$79.2K |
|
105
Douglas Emmett
DEI
$1.97B
| $3.56M | 0.02% |
301,580
-6,670
| -2% | -$75K |
|
106
CBRE Group
CBRE
$44B
| $3.42M | 0.01% |
25,390
-220
| -0.9% | -$30.3K |
|
107
Mid-America Apartment Communities
MAA
$15.2B
| $3.04M | 0.01% |
21,900
-26,120
| -54% | -$3.41M |
|
108
TSMC
TSM
$2.17T
| $1.9M | 0.01% |
3,980
-3,220
| -45% | -$1.31M |
|
109
Lam Research
LRCX
$393B
| $1.2M | 0.01% |
2,780
| – | – |
|
|
JAN
110
Janus Living Inc
JAN
$7.2B
| $1.01M | ﹤0.01% |
35,000
+25,000
| +250% | +$649K |
|
111
iShares S&P 500 Value ETF
IVE
$50.2B
| $747K | ﹤0.01% |
3,288
-8,336
| -72% | -$1.86M |
|
112
Crown Holdings
CCK
$13B
| $612K | ﹤0.01% |
5,470
-3,100
| -36% | -$313K |
|
113
Crown Castle
CCI
$32.1B
| – | – |
-41,920
| Closed | -$3.41M |
|
|
CTRA
114
DELISTED
Coterra Energy
CTRA
| – | – |
-37,119,404
| Closed | -$1.3B |
|
Similar funds
Christopher Davis's Q2 2026 Portfolio in Review
As of Q2 2026, Christopher Davis held 114 positions worth $23.3B, up 6.9% from $21.8B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Trading was light in Q2 2026: portfolio turnover was 3.5%. Christopher Davis opened 2 new positions and exited 2, leaving the 114-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 29% of assets, down from 30% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Christopher Davis's largest Q2 2026 buy was Devon Energy: 25,297,991 shares worth $1.05B.
- Christopher Davis added most to JBS N.V. in Q2 2026, an estimated $348M increase.
- Christopher Davis's biggest Q2 2026 reduction was Applied Materials, cutting an estimated $505M.
- Christopher Davis fully exited Coterra Energy in Q2 2026, selling an estimated $1.3B.
- Christopher Davis's ten largest holdings make up 49% of its $23.3B portfolio in Q2 2026.
- Christopher Davis opened 2 new positions and closed 2 in Q2 2026.
- Christopher Davis's portfolio value rose 6.9% quarter-over-quarter to $23.3B.
Based on Davis Selected Advisers's 13F filing for Q2 2026, filed 11 Aug 2026.