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
|
+$319M |
| 2 |
JBS
JBS N.V.
JBS
|
+$163M |
| 3 |
Tyson Foods
TSN
|
+$157M |
| 4 |
US Bancorp
USB
|
+$128M |
| 5 |
Pinterest
PINS
|
+$113M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applied Materials
AMAT
|
+$324M |
| 2 |
Humana
HUM
|
+$100M |
| 3 |
BNY
Bank of New York Mellon
BNY
|
+$54.1M |
| 4 |
Berkshire Hathaway Class A
BRK.A
|
+$41.1M |
| 5 |
NetEase
NTES
|
+$23.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 33.17% |
| 2 | Healthcare | 15.2% |
| 3 | Communication Services | 13.48% |
| 4 | Consumer Discretionary | 11.12% |
| 5 | Technology | 8.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Extra Space Storage
EXR
$31B
| $3.64M | 0.02% |
27,955
-27,100
| -49% | -$3.7M |
|
|
HPP
102
Hudson Pacific Properties
HPP
$787M
| $3.51M | 0.02% |
324,026
-4,572
| -1% | -$67.9K |
|
103
Douglas Emmett
DEI
$1.97B
| $3.4M | 0.02% |
309,810
-7,790
| -2% | -$97.6K |
|
|
NTST
104
NETSTREIT Corp
NTST
$2.07B
| $3.34M | 0.02% |
189,600
-152,810
| -45% | -$2.78M |
|
105
CubeSmart
CUBE
$9.21B
| $3.28M | 0.01% |
+90,930
| New | +$3.46M |
|
106
TSMC
TSM
$2.17T
| $2.19M | 0.01% |
7,200
| – | – |
|
107
Lam Research
LRCX
$393B
| $2.1M | 0.01% |
12,280
| – | – |
|
108
Crown Holdings
CCK
$13B
| $882K | ﹤0.01% |
8,570
| – | – |
|
|
109
Humana
HUM
$45.5B
| – | – |
-385,539
| Closed | -$100M |
|
110
RH
RH
$2.9B
| – | – |
-2,240
| Closed | -$455K |
|
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Christopher Davis's Q4 2025 Portfolio in Review
As of Q4 2025, Christopher Davis held 110 positions worth $22.2B, up 16% from $19.2B the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Christopher Davis deployed $1.8B of net new capital in Q4 2025, opening 3 new positions and adding to 54 existing holdings. Its largest new stake was JBS N.V.: 11,854,741 shares worth $171M.
By sector, the portfolio is most concentrated in Financials at 33% of assets, down from 33% a quarter earlier, followed by Healthcare and Communication Services.
On the sell side, the largest reduction was Applied Materials, an estimated $324M trimmed.
- Christopher Davis's largest Q4 2025 buy was JBS N.V.: 11,854,741 shares worth $171M.
- Christopher Davis added most to Coterra Energy in Q4 2025, an estimated $319M increase.
- Christopher Davis's biggest Q4 2025 reduction was Applied Materials, cutting an estimated $324M.
- Christopher Davis fully exited Humana in Q4 2025, selling an estimated $100M.
- Christopher Davis's ten largest holdings make up 50% of its $22.2B portfolio in Q4 2025.
- Christopher Davis opened 3 new positions and closed 2 in Q4 2025.
- Christopher Davis's portfolio value rose 16% quarter-over-quarter to $22.2B.
Based on Davis Selected Advisers's 13F filing for Q4 2025, filed 2 Feb 2026.