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 |
Alibaba
BABA
|
+$526M |
| 2 |
Johnson Controls International
JCI
|
+$152M |
| 3 |
DLPH
Delphi Technologies PLC Ordinary Shares
DLPH
|
+$36.6M |
| 4 |
Adient
ADNT
|
+$32M |
| 5 |
Capital One
COF
|
+$28.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PX
Praxair Inc
PX
|
+$376M |
| 2 |
American Express
AXP
|
+$297M |
| 3 |
CarMax
KMX
|
+$290M |
| 4 |
UnitedHealth
UNH
|
+$262M |
| 5 |
Costco
COST
|
+$237M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 40.43% |
| 2 | Consumer Discretionary | 15.09% |
| 3 | Communication Services | 12.83% |
| 4 | Energy | 10.19% |
| 5 | Industrials | 9.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ACC
101
DELISTED
American Campus Communities, Inc.
ACC
| $10.8M | 0.05% |
263,189
+570
| +0.2% | +$24.4K |
|
102
Host Hotels & Resorts
HST
$15.9B
| $10.7M | 0.05% |
539,227
+1,610
| +0.3% | +$31.6K |
|
103
CubeSmart
CUBE
$9.21B
| $10.7M | 0.05% |
370,025
+1,130
| +0.3% | +$31.6K |
|
|
DCT
104
DELISTED
DCT Industrial Trust Inc.
DCT
| $9.94M | 0.04% |
169,061
+400
| +0.2% | +$23.7K |
|
105
Extra Space Storage
EXR
$31B
| $9.74M | 0.04% |
111,398
+310
| +0.3% | +$26.1K |
|
106
Crown Castle
CCI
$32.1B
| $9.51M | 0.04% |
85,655
+200
| +0.2% | +$21.6K |
|
|
BDN
107
Brandywine Realty Trust
BDN
$522M
| $8.8M | 0.04% |
+483,936
| New | +$8.57M |
|
108
EastGroup Properties
EGP
$10.8B
| $8.66M | 0.04% |
98,026
+280
| +0.3% | +$25.5K |
|
|
CONE
109
DELISTED
CyrusOne Inc Common Stock
CONE
| $8.65M | 0.04% |
145,345
-77,766
| -35% | -$4.72M |
|
|
GGP
110
DELISTED
GGP Inc.
GGP
| $8.6M | 0.04% |
367,591
-255,760
| -41% | -$5.69M |
|
111
Kimco Realty
KIM
$16.1B
| $8.4M | 0.04% |
463,030
+1,550
| +0.3% | +$29K |
|
112
Ventas
VTR
$47.7B
| $8.35M | 0.04% |
139,182
+970
| +0.7% | +$61.3K |
|
113
Vornado Realty Trust
VNO
$7.07B
| $7.29M | 0.03% |
93,308
-72,710
| -44% | -$5.56M |
|
114
ICICI Bank
IBN
$107B
| $6.72M | 0.03% |
690,574
| – | – |
|
|
JBGS
115
JBG SMITH
JBGS
$732M
| $6.02M | 0.03% |
173,348
+90,342
| +109% | +$2.98M |
|
|
LTRPA
116
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $4.66M | 0.02% |
494,270
-6,244
| -1% | -$64.2K |
|
|
INXN
117
DELISTED
Interxion Holding N.V.
INXN
| $3.79M | 0.02% |
64,266
-35,630
| -36% | -$1.97M |
|
|
CHUBK
118
DELISTED
CommerceHub, Inc. Series C Common Stock
CHUBK
| $3.58M | 0.02% |
174,105
-2,193
| -1% | -$46.4K |
|
|
MON
119
DELISTED
Monsanto Co
MON
| $3.42M | 0.01% |
29,320
-398,791
| -93% | -$47.4M |
|
|
CDR
120
DELISTED
Cedar Realty Trust, Inc
CDR
| $3.37M | 0.01% |
84,046
| – | – |
|
|
RPT
121
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $3.05M | 0.01% |
207,051
| – | – |
|
122
Brixmor Property Group
BRX
$8.99B
| $2.85M | 0.01% |
152,870
| – | – |
|
123
Invitation Homes
INVH
$17.9B
| $2.81M | 0.01% |
+119,366
| New | +$2.76M |
|
124
American Homes 4 Rent
AMH
$12.4B
| $2.79M | 0.01% |
+127,782
| New | +$2.77M |
|
125
Kite Realty
KRG
$5.24B
| $2.74M | 0.01% |
139,687
| – | – |
|
Similar funds
Christopher Davis's Q4 2017 Portfolio in Review
As of Q4 2017, Christopher Davis held 148 positions worth $23.5B, up 0.2% from $23.5B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Christopher Davis withdrew a net $1.69B in Q4 2017, closing 5 positions and reducing 54 holdings. Its most notable exit was S&P Global, an estimated $28.2M 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 Consumer Discretionary and Communication Services.
Against the trend, Christopher Davis opened a new position in Delphi Technologies PLC Ordinary Shares worth $37M.
- Christopher Davis's largest Q4 2017 buy was Delphi Technologies PLC Ordinary Shares: 704,943 shares worth $37M.
- Christopher Davis added most to Alibaba in Q4 2017, an estimated $526M increase.
- Christopher Davis's biggest Q4 2017 reduction was Praxair Inc, cutting an estimated $376M.
- Christopher Davis fully exited S&P Global in Q4 2017, selling an estimated $28.2M.
- Christopher Davis's ten largest holdings make up 51% of its $23.5B portfolio in Q4 2017.
- Christopher Davis opened 5 new positions and closed 5 in Q4 2017.
- Christopher Davis's portfolio value rose 0.2% quarter-over-quarter to $23.5B.
Based on Davis Selected Advisers's 13F filing for Q4 2017, filed 13 Feb 2018.