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
|
+$421M |
| 2 |
Ovintiv
OVV
|
+$348M |
| 3 |
Halliburton
HAL
|
+$296M |
| 4 |
ESRX
Express Scripts Holding Company
ESRX
|
+$184M |
| 5 |
Las Vegas Sands
LVS
|
+$171M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Canadian Natural Resources
CNQ
|
+$492M |
| 2 |
IBM
IBM
|
+$394M |
| 3 |
Berkshire Hathaway Class A
BRK.A
|
+$334M |
| 4 |
Costco
COST
|
+$283M |
| 5 |
BNY
Bank of New York Mellon
BNY
|
+$275M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 39.88% |
| 2 | Healthcare | 12.75% |
| 3 | Consumer Discretionary | 12.46% |
| 4 | Communication Services | 11.43% |
| 5 | Technology | 5.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Universal Health Services
UHS
$10.4B
| $13.3M | 0.04% |
119,100
+3,000
| +3% | +$315K |
|
|
LHO
102
DELISTED
LaSalle Hotel Properties
LHO
| $13.2M | 0.04% |
326,380
-114,319
| -26% | -$4.39M |
|
103
Devon Energy
DVN
$54B
| $12.8M | 0.04% |
209,390
+27,770
| +15% | +$1.68M |
|
|
HAPN
104
Happen Inc
HAPN
$2.13B
| $12.7M | 0.04% |
+100,000
| New | +$12.6M |
|
105
Citigroup
C
$221B
| $12.4M | 0.04% |
229,709
+10
| +0% | +$531 |
|
106
ATI
ATI
$28.2B
| $12.4M | 0.04% |
355,231
+55,310
| +18% | +$1.83M |
|
107
HP
HPQ
$27.2B
| $12.2M | 0.04% |
666,862
-9,665
| -1% | -$162K |
|
108
Nike
NKE
$60.5B
| $11.8M | 0.04% |
246,200
-4,058
| -2% | -$190K |
|
109
Quanta Services
PWR
$96.1B
| $11.6M | 0.04% |
410,000
+71,320
| +21% | +$2.24M |
|
|
WCN
110
Waste Connections
WCN
$42.6B
| $11.6M | 0.04% |
395,205
+33,810
| +9% | +$1.06M |
|
111
Bank of America
BAC
$431B
| $11.4M | 0.04% |
639,176
-10
| -0% | -$171 |
|
|
TFCFA
112
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $11.4M | 0.04% |
296,216
-140
| -0% | -$4.96K |
|
113
CubeSmart
CUBE
$9.21B
| $11.3M | 0.04% |
510,790
-620,751
| -55% | -$12.9M |
|
114
Masco
MAS
$14.5B
| $11.2M | 0.04% |
506,683
+17,286
| +4% | +$357K |
|
115
Alibaba
BABA
$286B
| $11.1M | 0.04% |
107,142
-192,858
| -64% | -$19.8M |
|
116
SAP
SAP
$252B
| $11.1M | 0.04% |
159,576
-3,617
| -2% | -$248K |
|
117
NetEase
NTES
$82.1B
| $11M | 0.04% |
554,630
-30,295
| -5% | -$580K |
|
118
GE Aerospace
GE
$361B
| $10.8M | 0.03% |
88,926
+11,782
| +15% | +$1.45M |
|
119
United Rentals
URI
$68.4B
| $10.4M | 0.03% |
101,686
-10,080
| -9% | -$1.08M |
|
|
RPT
120
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $9.93M | 0.03% |
530,021
-7,100
| -1% | -$124K |
|
|
GRUB
121
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $9.74M | 0.03% |
134,114
-12,850
| -9% | -$907K |
|
122
Highwoods Properties
HIW
$3.46B
| $9.65M | 0.03% |
217,867
-4,300
| -2% | -$182K |
|
|
TSNU
123
DELISTED
Tyson Foods, Inc.
TSNU
| $9.31M | 0.03% |
185,000
| – | – |
|
|
WFC.WS
124
DELISTED
Wells Fargo & Company Ws
WFC.WS
| $9.28M | 0.03% |
434,218
-12,990
| -3% | -$268K |
|
125
Applied Materials
AMAT
$391B
| $8.85M | 0.03% |
355,090
+8,178
| +2% | +$185K |
|
Similar funds
Christopher Davis's Q4 2014 Portfolio in Review
As of Q4 2014, Christopher Davis held 201 positions worth $30.9B, down 4% from $32.2B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Christopher Davis withdrew a net $2.37B in Q4 2014, closing 10 positions and reducing 105 holdings. Its most notable exit was Monsanto Co, an estimated $208M position sold in full.
By sector, the portfolio is most concentrated in Financials at 40% of assets, down from 40% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Christopher Davis opened a new position in Keysight worth $49.9M.
- Christopher Davis's largest Q4 2014 buy was Keysight: 1,476,620 shares worth $49.9M.
- Christopher Davis added most to Amazon in Q4 2014, an estimated $421M increase.
- Christopher Davis's biggest Q4 2014 reduction was Canadian Natural Resources, cutting an estimated $492M.
- Christopher Davis fully exited Monsanto Co in Q4 2014, selling an estimated $208M.
- Christopher Davis's ten largest holdings make up 51% of its $30.9B portfolio in Q4 2014.
- Christopher Davis opened 13 new positions and closed 10 in Q4 2014.
- Christopher Davis's portfolio value fell 4% quarter-over-quarter to $30.9B.
Based on Davis Selected Advisers's 13F filing for Q4 2014, filed 11 Feb 2015.