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 |
Booking.com
BKNG
|
+$363M |
| 2 |
Labcorp
LH
|
+$197M |
| 3 |
Liberty Global Class C
LBTYK
|
+$187M |
| 4 |
Textron
TXT
|
+$124M |
| 5 |
WAIR
WESCO Aircraft Holdings Inc.
WAIR
|
+$63.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$425M |
| 2 |
MON
Monsanto Co
MON
|
+$326M |
| 3 |
POT
Potash Corp Of Saskatchewan
POT
|
+$195M |
| 4 |
Transocean
RIG
|
+$183M |
| 5 |
Emerson Electric
EMR
|
+$179M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 40.29% |
| 2 | Healthcare | 13% |
| 3 | Communication Services | 9.57% |
| 4 | Consumer Discretionary | 8.06% |
| 5 | Energy | 6.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
WCN
101
Waste Connections
WCN
$42.6B
| $12M | 0.03% |
397,035
-75,420
| -16% | -$2.18M |
|
102
Las Vegas Sands
LVS
$30.5B
| $12M | 0.03% |
180,447
+118,529
| +191% | +$6.87M |
|
103
Walmart Inc
WMT
$825B
| $12M | 0.03% |
484,959
-161,691
| -25% | -$4.08M |
|
|
POT
104
DELISTED
Potash Corp Of Saskatchewan
POT
| $11.6M | 0.03% |
369,465
-5,893,836
| -94% | -$195M |
|
105
TransDigm Group
TDG
$66.4B
| $11.5M | 0.03% |
+82,650
| New | +$11.8M |
|
106
Quanta Services
PWR
$96.1B
| $11.4M | 0.03% |
416,050
-76,000
| -15% | -$2.06M |
|
107
Citigroup
C
$221B
| $11.3M | 0.03% |
233,959
-64,000
| -21% | -$3.24M |
|
|
TFCFA
108
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $10.8M | 0.03% |
+321,636
| New | +$10.1M |
|
109
Nabors Industries
NBR
$1.37B
| $10.5M | 0.03% |
13,131
-1,661
| -11% | -$1.31M |
|
110
SAP
SAP
$252B
| $10.5M | 0.03% |
142,279
+18,537
| +15% | +$1.37M |
|
|
111
Transocean
RIG
$6.61B
| $10.5M | 0.03% |
234,997
-3,862,281
| -94% | -$183M |
|
112
Lowe's Companies
LOW
$121B
| $10.4M | 0.03% |
+219,146
| New | +$9.95M |
|
113
Acadia Realty Trust
AKR
$2.89B
| $10.3M | 0.03% |
417,326
+147,416
| +55% | +$3.68M |
|
114
Colgate-Palmolive
CL
$72.6B
| $10.2M | 0.03% |
172,451
+151,958
| +742% | +$9M |
|
|
DCT
115
DELISTED
DCT Industrial Trust Inc.
DCT
| $10.1M | 0.03% |
350,745
+113,781
| +48% | +$3.31M |
|
|
UN
116
DELISTED
Unilever NV New York Registry Shares
UN
| $10.1M | 0.03% |
266,693
+229,361
| +614% | +$9.07M |
|
|
BPY
117
DELISTED
Brookfield Property Partners L.P. Limited Partnership Units
BPY
| $9.88M | 0.03% |
509,663
-309
| -0.1% | -$6.21K |
|
118
Masco
MAS
$14.5B
| $9.8M | 0.03% |
524,220
-96,752
| -16% | -$1.72M |
|
119
Tyson Foods
TSN
$20.6B
| $9.62M | 0.03% |
+340,000
| New | +$9.86M |
|
120
3M
MMM
$92.3B
| $8.93M | 0.02% |
89,462
-43,128
| -33% | -$4.19M |
|
121
Healthpeak Properties
DOC
$14.8B
| $8.89M | 0.02% |
+238,334
| New | +$9.29M |
|
122
GE Aerospace
GE
$361B
| $8.88M | 0.02% |
77,606
-14,481
| -16% | -$1.66M |
|
123
FedEx
FDX
$76.9B
| $8.82M | 0.02% |
77,319
-18,073
| -19% | -$1.95M |
|
|
SVA
124
DELISTED
Sinovac Biotech, Ltd
SVA
| $8.81M | 0.02% |
1,473,343
-1,153,888
| -44% | -$5.52M |
|
|
WFM
125
DELISTED
Whole Foods Market Inc
WFM
| $8.76M | 0.02% |
149,794
-28,906
| -16% | -$1.6M |
|
Similar funds
Christopher Davis's Q3 2013 Portfolio in Review
As of Q3 2013, Christopher Davis held 218 positions worth $38.5B, down 2.2% from $39.4B the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Christopher Davis withdrew a net $2.67B in Q3 2013, closing 32 positions and reducing 122 holdings. Its most notable exit was Emerson Electric, an estimated $179M position sold in full.
By sector, the portfolio is most concentrated in Financials at 40% of assets, up from 40% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Christopher Davis opened a new position in Booking.com worth $393M.
- Christopher Davis's largest Q3 2013 buy was Booking.com: 9,706,775 shares worth $393M.
- Christopher Davis added most to Labcorp in Q3 2013, an estimated $197M increase.
- Christopher Davis's biggest Q3 2013 reduction was Walt Disney, cutting an estimated $425M.
- Christopher Davis fully exited Emerson Electric in Q3 2013, selling an estimated $179M.
- Christopher Davis's ten largest holdings make up 50% of its $38.5B portfolio in Q3 2013.
- Christopher Davis opened 19 new positions and closed 32 in Q3 2013.
- Christopher Davis's portfolio value fell 2.2% quarter-over-quarter to $38.5B.
Based on Davis Selected Advisers's 13F filing for Q3 2013, filed 12 Nov 2013.