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 |
CTRA
Coterra Energy
CTRA
|
+$798M |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$422M |
| 3 |
Advance Auto Parts
AAP
|
+$192M |
| 4 |
Citizens Financial Group
CFG
|
+$41.9M |
| 5 |
Ovintiv
OVV
|
+$21.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BNY
Bank of New York Mellon
BNY
|
+$554M |
| 2 |
Halliburton
HAL
|
+$381M |
| 3 |
Liberty Global Class C
LBTYK
|
+$321M |
| 4 |
Brookfield
BN
|
+$206M |
| 5 |
UnitedHealth
UNH
|
+$178M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 37.12% |
| 2 | Consumer Discretionary | 15.32% |
| 3 | Healthcare | 11.63% |
| 4 | Communication Services | 10.66% |
| 5 | Energy | 6.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
First Industrial Realty Trust
FR
$8.34B
| $12.3M | 0.04% |
655,030
-20,451
| -3% | -$409K |
|
|
ARPI
102
DELISTED
AMERICAN RESIDENTIAL PPTYS INC COM
ARPI
| $12.2M | 0.04% |
660,526
-16,550
| -2% | -$312K |
|
103
ATI
ATI
$28.2B
| $12.1M | 0.04% |
402,051
+14,340
| +4% | +$474K |
|
104
Colgate-Palmolive
CL
$72.6B
| $12.1M | 0.04% |
184,979
-2,118
| -1% | -$144K |
|
105
Masco
MAS
$14.5B
| $11.9M | 0.04% |
505,750
-478
| -0.1% | -$11.3K |
|
106
Quanta Services
PWR
$96.1B
| $11.8M | 0.04% |
409,190
-390
| -0.1% | -$11.4K |
|
107
Nabors Industries
NBR
$1.37B
| $11.3M | 0.04% |
15,672
+204
| +1% | +$154K |
|
108
GE Aerospace
GE
$361B
| $11.3M | 0.04% |
88,742
-83
| -0.1% | -$10.8K |
|
109
United Rentals
URI
$68.4B
| $11M | 0.04% |
125,146
+3,100
| +3% | +$297K |
|
|
HAPN
110
Happen Inc
HAPN
$2.13B
| $10.9M | 0.04% |
147,979
+14,436
| +11% | +$1.29M |
|
|
CTT
111
DELISTED
CATCHMARK TIMBER TRUST, INC.
CTT
| $10.9M | 0.04% |
942,642
-26,985
| -3% | -$317K |
|
112
SITE Centers
SITC
$161M
| $10.8M | 0.04% |
544,100
-252,278
| -32% | -$5.59M |
|
113
Highwoods Properties
HIW
$3.46B
| $10.6M | 0.04% |
264,894
-8,523
| -3% | -$367K |
|
|
CDR
114
DELISTED
Cedar Realty Trust, Inc
CDR
| $10.5M | 0.04% |
249,295
-7,520
| -3% | -$345K |
|
|
RPT
115
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $10.5M | 0.04% |
644,364
-20,970
| -3% | -$367K |
|
|
UNVR
116
DELISTED
Univar Solutions Inc.
UNVR
| $10.4M | 0.04% |
+400,000
| New | +$10.6M |
|
117
Cousins Properties
CUZ
$4.89B
| $10.3M | 0.04% |
351,802
-12,611
| -3% | -$363K |
|
118
American Tower
AMT
$81.9B
| $10M | 0.04% |
+107,336
| New | +$10.2M |
|
|
TFCFA
119
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $9.96M | 0.03% |
305,916
-300
| -0.1% | -$10.1K |
|
|
PRTY
120
DELISTED
Party City Holdco Inc.
PRTY
| $9.72M | 0.03% |
+479,751
| New | +$10.2M |
|
|
BDN
121
Brandywine Realty Trust
BDN
$522M
| $9.45M | 0.03% |
711,428
-522,585
| -42% | -$7.57M |
|
|
WFM
122
DELISTED
Whole Foods Market Inc
WFM
| $9.32M | 0.03% |
236,274
+9,000
| +4% | +$402K |
|
123
Brixmor Property Group
BRX
$8.99B
| $9.07M | 0.03% |
392,073
-11,510
| -3% | -$281K |
|
124
American Homes 4 Rent
AMH
$12.4B
| $9.02M | 0.03% |
562,232
-18,023
| -3% | -$303K |
|
125
Crown Castle
CCI
$32.1B
| $9.01M | 0.03% |
112,144
-3,227
| -3% | -$269K |
|
Similar funds
Christopher Davis's Q2 2015 Portfolio in Review
As of Q2 2015, Christopher Davis held 201 positions worth $28.6B, down 2.6% from $29.4B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Christopher Davis withdrew a net $1.1B in Q2 2015, closing 12 positions and reducing 120 holdings. Its most notable exit was Halliburton, an estimated $381M position sold in full.
By sector, the portfolio is most concentrated in Financials at 37% of assets, down from 39% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Christopher Davis opened a new position in Coterra Energy worth $755M.
- Christopher Davis's largest Q2 2015 buy was Coterra Energy: 23,925,872 shares worth $755M.
- Christopher Davis added most to Citizens Financial Group in Q2 2015, an estimated $41.9M increase.
- Christopher Davis's biggest Q2 2015 reduction was Bank of New York Mellon, cutting an estimated $554M.
- Christopher Davis fully exited Halliburton in Q2 2015, selling an estimated $381M.
- Christopher Davis's ten largest holdings make up 49% of its $28.6B portfolio in Q2 2015.
- Christopher Davis opened 16 new positions and closed 12 in Q2 2015.
- Christopher Davis's portfolio value fell 2.6% quarter-over-quarter to $28.6B.
Based on Davis Selected Advisers's 13F filing for Q2 2015, filed 13 Aug 2015.