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 |
Las Vegas Sands
LVS
|
+$817M |
| 2 |
Amazon
AMZN
|
+$400M |
| 3 |
Bausch Health
BHC
|
+$358M |
| 4 |
Sysco
SYY
|
+$342M |
| 5 |
SFUN
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
|
+$154M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CVS Health
CVS
|
+$1.53B |
| 2 |
American Express
AXP
|
+$700M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$587M |
| 4 |
BNY
Bank of New York Mellon
BNY
|
+$406M |
| 5 |
Coca-Cola
KO
|
+$356M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 37.59% |
| 2 | Healthcare | 12.22% |
| 3 | Consumer Discretionary | 10.61% |
| 4 | Communication Services | 10.18% |
| 5 | Energy | 6.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
NetEase
NTES
$82.1B
| $8.12M | 0.02% |
603,050
+43,900
| +8% | +$634K |
|
|
DISH
127
DELISTED
DISH Network Corp.
DISH
| $7.71M | 0.02% |
123,875
+4,872
| +4% | +$284K |
|
|
VMRK
128
Vivmark Residential
VMRK
$25B
| $7.68M | 0.02% |
+132,381
| New | +$7.47M |
|
|
WFC.WS
129
DELISTED
Wells Fargo & Company Ws
WFC.WS
| $7.65M | 0.02% |
410,560
| – | – |
|
130
Regency Centers
REG
$13.9B
| $7.63M | 0.02% |
149,497
+5,900
| +4% | +$290K |
|
131
ICICI Bank
IBN
$107B
| $7.53M | 0.02% |
946,110
| – | – |
|
|
AES.PRC.CL
132
DELISTED
AES Corporation Class C Preferred
AES.PRC.CL
| $7.41M | 0.02% |
+145,027
| New | +$7.35M |
|
133
Salesforce
CRM
$171B
| $7.07M | 0.02% |
123,831
+4,688
| +4% | +$280K |
|
|
WFM
134
DELISTED
Whole Foods Market Inc
WFM
| $6.88M | 0.02% |
135,744
| – | – |
|
135
Applied Materials
AMAT
$391B
| $6.62M | 0.02% |
324,289
+19,173
| +6% | +$352K |
|
136
Sherwin-Williams
SHW
$84.1B
| $6.41M | 0.02% |
97,590
+2,793
| +3% | +$180K |
|
|
FCS
137
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
| $6.35M | 0.02% |
460,527
+26,200
| +6% | +$350K |
|
138
TJX Companies
TJX
$155B
| $6.15M | 0.02% |
202,922
+3,638
| +2% | +$110K |
|
139
AES
AES
$10.5B
| $5.95M | 0.02% |
416,466
| – | – |
|
140
Quest Diagnostics
DGX
$27B
| $5.93M | 0.02% |
+102,337
| New | +$5.48M |
|
141
Freeport-McMoran
FCX
$110B
| $5.84M | 0.02% |
176,464
-33
| -0% | -$1.1K |
|
142
Intel
INTC
$476B
| $4.54M | 0.01% |
176,054
+4,675
| +3% | +$117K |
|
143
SBA Communications
SBAC
$19.4B
| $4.47M | 0.01% |
49,115
+1,513
| +3% | +$140K |
|
|
ALEX
144
DELISTED
Alexander & Baldwin
ALEX
| $4.46M | 0.01% |
104,874
+36,114
| +53% | +$1.48M |
|
145
SITE Centers
SITC
$161M
| $4.17M | 0.01% |
196,230
+6,916
| +4% | +$143K |
|
146
IBM
IBM
$222B
| $4.03M | 0.01% |
21,899
+1,936
| +10% | +$341K |
|
147
Cousins Properties
CUZ
$4.89B
| $3.51M | 0.01% |
108,503
+2,940
| +3% | +$91.2K |
|
148
Rockwell Automation
ROK
$48.5B
| $2.79M | 0.01% |
+22,440
| New | +$2.66M |
|
|
WUBA
149
DELISTED
58.com Inc
WUBA
| $2.14M | 0.01% |
51,400
+1,240
| +2% | +$52.3K |
|
150
Terreno Realty
TRNO
$7.43B
| $2.03M | 0.01% |
+107,454
| New | +$1.94M |
|
Similar funds
Christopher Davis's Q1 2014 Portfolio in Review
As of Q1 2014, Christopher Davis held 201 positions worth $36.3B, down 11% from $40.9B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Christopher Davis withdrew a net $5.19B in Q1 2014, closing 26 positions and reducing 65 holdings. Its most notable exit was Ameriprise Financial, an estimated $344M position sold in full.
By sector, the portfolio is most concentrated in Financials at 38% of assets, down from 39% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Christopher Davis opened a new position in Sysco worth $344M.
- Christopher Davis's largest Q1 2014 buy was Sysco: 9,515,802 shares worth $344M.
- Christopher Davis added most to Las Vegas Sands in Q1 2014, an estimated $817M increase.
- Christopher Davis's biggest Q1 2014 reduction was CVS Health, cutting an estimated $1.53B.
- Christopher Davis fully exited Ameriprise Financial in Q1 2014, selling an estimated $344M.
- Christopher Davis's ten largest holdings make up 47% of its $36.3B portfolio in Q1 2014.
- Christopher Davis opened 12 new positions and closed 26 in Q1 2014.
- Christopher Davis's portfolio value fell 11% quarter-over-quarter to $36.3B.
Based on Davis Selected Advisers's 13F filing for Q1 2014, filed 13 May 2014.