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 |
Quest Diagnostics
DGX
|
+$246M |
| 2 |
Applied Materials
AMAT
|
+$87.4M |
| 3 |
Bank of America
BAC
|
+$42.6M |
| 4 |
APA Corp
APA
|
+$41.4M |
| 5 |
Capital One
COF
|
+$41.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GE Aerospace
GE
|
+$289M |
| 2 |
Microsoft
MSFT
|
+$114M |
| 3 |
iShares S&P 500 Value ETF
IVE
|
+$52M |
| 4 |
Amazon
AMZN
|
+$51.5M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$44M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 39.09% |
| 2 | Communication Services | 13.85% |
| 3 | Consumer Discretionary | 12.48% |
| 4 | Industrials | 9.88% |
| 5 | Technology | 7.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BDN
101
Brandywine Realty Trust
BDN
$522M
| $9.29M | 0.05% |
585,421
+7,590
| +1% | +$115K |
|
102
Vornado Realty Trust
VNO
$7.07B
| $9.25M | 0.05% |
137,120
-1,840
| -1% | -$123K |
|
103
Cousins Properties
CUZ
$4.89B
| $8.24M | 0.04% |
213,318
-189,557
| -47% | -$6.93M |
|
104
Equity Lifestyle Properties
ELS
$12.7B
| $7.14M | 0.04% |
125,020
+3,320
| +3% | +$178K |
|
105
Sun Communities
SUI
$14.8B
| $6.98M | 0.03% |
58,910
+1,580
| +3% | +$176K |
|
106
SL Green Realty
SLG
$4.07B
| $6.42M | 0.03% |
73,799
-940
| -1% | -$81.5K |
|
|
LPT
107
DELISTED
Liberty Property Trust
LPT
| $6.26M | 0.03% |
129,240
+3,170
| +3% | +$148K |
|
|
ROIC
108
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $6.12M | 0.03% |
352,915
| – | – |
|
|
LSI
109
DELISTED
Life Storage, Inc.
LSI
| $5.83M | 0.03% |
89,880
+945
| +1% | +$60.5K |
|
|
LTRPA
110
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $5.49M | 0.03% |
386,610
-16,030
| -4% | -$253K |
|
111
CubeSmart
CUBE
$9.21B
| $4.68M | 0.02% |
146,180
+1,530
| +1% | +$46.5K |
|
112
Ryman Hospitality Properties
RHP
$8.86B
| $4.11M | 0.02% |
49,920
+1,270
| +3% | +$101K |
|
113
American Homes 4 Rent
AMH
$12.4B
| $3.66M | 0.02% |
161,200
+4,030
| +3% | +$88.3K |
|
114
Invitation Homes
INVH
$17.9B
| $3.48M | 0.02% |
142,970
| – | – |
|
115
EastGroup Properties
EGP
$10.8B
| $3.23M | 0.02% |
28,950
-70
| -0.2% | -$7.26K |
|
|
ALEX
116
DELISTED
Alexander & Baldwin
ALEX
| $3.2M | 0.02% |
+125,830
| New | +$2.89M |
|
117
Mid-America Apartment Communities
MAA
$15.2B
| $2.97M | 0.01% |
27,200
+330
| +1% | +$33.9K |
|
118
First Industrial Realty Trust
FR
$8.34B
| $2.86M | 0.01% |
80,950
| – | – |
|
119
Macerich
MAC
$6.91B
| $2.85M | 0.01% |
65,680
+12,070
| +23% | +$534K |
|
120
Novartis
NVS
$302B
| $2.05M | 0.01% |
23,775
+6,526
| +38% | +$524K |
|
121
Costco
COST
$420B
| $1.86M | 0.01% |
7,680
| – | – |
|
122
Futu Holdings
FUTU
$17.3B
| $1.85M | 0.01% |
+100,000
| New | +$1.73M |
|
|
WUBA
123
DELISTED
58.com Inc
WUBA
| $1.5M | 0.01% |
22,790
-360
| -2% | -$22.7K |
|
|
STOR
124
DELISTED
STORE Capital Corporation
STOR
| $1.25M | 0.01% |
+37,300
| New | +$1.18M |
|
|
XLNX
125
DELISTED
Xilinx Inc
XLNX
| $803K | ﹤0.01% |
6,335
-1,585
| -20% | -$178K |
|
Similar funds
Christopher Davis's Q1 2019 Portfolio in Review
As of Q1 2019, Christopher Davis held 143 positions worth $20.3B, up 14% from $17.9B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Christopher Davis's Q1 2019 filing shows 6 new, 63 increased, 54 reduced and 8 closed positions. Its largest new stake was Bank of America: 1,508,920 shares worth $41.6M. The largest sale was GE Aerospace, an estimated $289M.
By sector, the portfolio is most concentrated in Financials at 39% of assets, down from 42% a quarter earlier, followed by Communication Services and Consumer Discretionary.
- Christopher Davis's largest Q1 2019 buy was Bank of America: 1,508,920 shares worth $41.6M.
- Christopher Davis added most to Quest Diagnostics in Q1 2019, an estimated $246M increase.
- Christopher Davis's biggest Q1 2019 reduction was GE Aerospace, cutting an estimated $289M.
- Christopher Davis fully exited iShares S&P 500 Value ETF in Q1 2019, selling an estimated $52M.
- Christopher Davis's ten largest holdings make up 51% of its $20.3B portfolio in Q1 2019.
- Christopher Davis opened 6 new positions and closed 8 in Q1 2019.
- Christopher Davis's portfolio value rose 14% quarter-over-quarter to $20.3B.
Based on Davis Selected Advisers's 13F filing for Q1 2019, filed 14 May 2019.