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 |
Amazon
AMZN
|
+$394M |
| 2 |
JPMorgan Chase
JPM
|
+$274M |
| 3 |
Quest Diagnostics
DGX
|
+$268M |
| 4 |
Moody's
MCO
|
+$198M |
| 5 |
UPL
Ultra Petroleum Corp. Common Stock
UPL
|
+$133M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BBBY
Bed Bath & Beyond Inc
BBBY
|
+$1.02B |
| 2 |
Progressive
PGR
|
+$670M |
| 3 |
Canadian Natural Resources
CNQ
|
+$548M |
| 4 |
Labcorp
LH
|
+$291M |
| 5 |
EOG Resources
EOG
|
+$272M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 38.39% |
| 2 | Healthcare | 12.23% |
| 3 | Communication Services | 11.2% |
| 4 | Consumer Discretionary | 9.68% |
| 5 | Technology | 6.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
ATI
ATI
$28.2B
| $14.4M | 0.04% |
318,421
-50,800
| -14% | -$2.08M |
|
|
BDN
102
Brandywine Realty Trust
BDN
$522M
| $14.3M | 0.04% |
+914,566
| New | +$13.8M |
|
103
Universal Health Services
UHS
$10.4B
| $13.9M | 0.04% |
145,600
| – | – |
|
104
Lowe's Companies
LOW
$121B
| $13.5M | 0.04% |
282,149
+24,174
| +9% | +$1.13M |
|
105
Colgate-Palmolive
CL
$72.6B
| $13.2M | 0.04% |
193,664
+1,125
| +0.6% | +$75.4K |
|
|
QUOT
106
DELISTED
Quotient Technology Inc
QUOT
| $13.2M | 0.04% |
500,120
+22,980
| +5% | +$512K |
|
|
TWC
107
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $13.1M | 0.04% |
89,017
+7,162
| +9% | +$1.01M |
|
|
TFCF
108
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $12.9M | 0.04% |
+375,713
| New | +$12.4M |
|
109
Nabors Industries
NBR
$1.37B
| $12.7M | 0.04% |
8,645
-2,909
| -25% | -$3.76M |
|
110
SAP
SAP
$252B
| $12.5M | 0.04% |
162,343
+10,376
| +7% | +$806K |
|
111
Kohl's
KSS
$2B
| $12.4M | 0.04% |
235,110
| – | – |
|
112
FedEx
FDX
$76.9B
| $12.3M | 0.04% |
81,402
+754
| +0.9% | +$105K |
|
113
Equity Lifestyle Properties
ELS
$12.7B
| $11.9M | 0.04% |
541,222
+72
| +0% | +$1.54K |
|
|
COR
114
DELISTED
Coresite Realty Corporation
COR
| $11.9M | 0.04% |
+360,905
| New | +$11.4M |
|
115
Transocean
RIG
$6.61B
| $11.9M | 0.04% |
263,966
+15,400
| +6% | +$655K |
|
116
Terreno Realty
TRNO
$7.43B
| $11.8M | 0.04% |
612,725
+505,271
| +470% | +$9.48M |
|
117
Quanta Services
PWR
$96.1B
| $11.7M | 0.03% |
338,680
| – | – |
|
|
WCN
118
Waste Connections
WCN
$42.6B
| $11.7M | 0.03% |
360,660
| – | – |
|
119
EPR Properties
EPR
$4.62B
| $11.5M | 0.03% |
206,453
+17
| +0% | +$921 |
|
120
Citigroup
C
$221B
| $10.8M | 0.03% |
229,699
+12,183
| +6% | +$579K |
|
|
GRUB
121
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $10.8M | 0.03% |
+152,280
| New | +$10.3M |
|
|
TFCFA
122
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $10.4M | 0.03% |
295,756
| – | – |
|
|
WFC.WS
123
DELISTED
Wells Fargo & Company Ws
WFC.WS
| $10.1M | 0.03% |
466,489
+55,929
| +14% | +$1.08M |
|
|
TCO
124
DELISTED
Taubman Centers Inc.
TCO
| $9.95M | 0.03% |
131,253
+263
| +0.2% | +$19.4K |
|
125
Bank of America
BAC
$431B
| $9.82M | 0.03% |
639,186
+10,965
| +2% | +$170K |
|
Similar funds
Christopher Davis's Q2 2014 Portfolio in Review
As of Q2 2014, Christopher Davis held 188 positions worth $33.6B, down 7.4% from $36.3B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Christopher Davis withdrew a net $4.12B in Q2 2014, closing 8 positions and reducing 79 holdings. Its most notable exit was Bed Bath & Beyond Inc, an estimated $1.02B position sold in full.
By sector, the portfolio is most concentrated in Financials at 38% of assets, up from 38% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Christopher Davis opened a new position in Moody's worth $211M.
- Christopher Davis's largest Q2 2014 buy was Moody's: 2,406,257 shares worth $211M.
- Christopher Davis added most to Amazon in Q2 2014, an estimated $394M increase.
- Christopher Davis's biggest Q2 2014 reduction was Progressive, cutting an estimated $670M.
- Christopher Davis fully exited Bed Bath & Beyond Inc in Q2 2014, selling an estimated $1.02B.
- Christopher Davis's ten largest holdings make up 48% of its $33.6B portfolio in Q2 2014.
- Christopher Davis opened 13 new positions and closed 8 in Q2 2014.
- Christopher Davis's portfolio value fell 7.4% quarter-over-quarter to $33.6B.
Based on Davis Selected Advisers's 13F filing for Q2 2014, filed 13 Aug 2014.