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 |
ATVI
Activision Blizzard
ATVI
|
+$258M |
| 2 |
Occidental Petroleum
OXY
|
+$196M |
| 3 |
EQT Corp
EQT
|
+$175M |
| 4 |
Texas Instruments
TXN
|
+$97.9M |
| 5 |
Liberty Latin America Class C
LILAK
|
+$58.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Las Vegas Sands
LVS
|
+$338M |
| 2 |
Amazon
AMZN
|
+$289M |
| 3 |
Labcorp
LH
|
+$199M |
| 4 |
MON
Monsanto Co
MON
|
+$163M |
| 5 |
Liberty Global Class C
LBTYK
|
+$84M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 33.61% |
| 2 | Energy | 12.21% |
| 3 | Consumer Discretionary | 11.76% |
| 4 | Communication Services | 11.06% |
| 5 | Technology | 7.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Lam Research
LRCX
$393B
| $366K | ﹤0.01% |
43,550
+16,250
| +60% | +$131K |
|
|
XLNX
127
DELISTED
Xilinx Inc
XLNX
| $365K | ﹤0.01% |
7,920
+3,340
| +73% | +$153K |
|
|
JMEI
128
DELISTED
Jumei International Holding Limited American depositary shares, each representing ten Class A ordina
JMEI
| $361K | ﹤0.01% |
8,750
| – | – |
|
129
United Parcel Service
UPS
$86.8B
| $271K | ﹤0.01% |
2,512
+19
| +0.8% | +$1.98K |
|
130
Air Products & Chemicals
APD
$67.9B
| $258K | ﹤0.01% |
1,962
+12
| +0.6% | +$1.6K |
|
131
Walt Disney
DIS
$186B
| $255K | ﹤0.01% |
2,609
| – | – |
|
|
BBU
132
DELISTED
Brookfield Business Partners
BBU
| $254K | ﹤0.01% |
+20,732
| New | +$264K |
|
133
Agilent Technologies
A
$44.9B
| – | – |
-72,389
| Closed | -$2.88M |
|
134
ATI
ATI
$28.2B
| – | – |
-825,049
| Closed | -$13.4M |
|
135
Bank of America
BAC
$431B
| – | – |
-725,136
| Closed | -$9.8M |
|
136
Banner Corp
BANR
$2.42B
| – | – |
-529,640
| Closed | -$22M |
|
|
BLD
137
DELISTED
TopBuild
BLD
| – | – |
-49,379
| Closed | -$1.47M |
|
138
Citigroup
C
$221B
| – | – |
-228,967
| Closed | -$9.56M |
|
139
Colgate-Palmolive
CL
$72.6B
| – | – |
-118,075
| Closed | -$8.34M |
|
140
Devon Energy
DVN
$54B
| – | – |
-335,430
| Closed | -$9.2M |
|
141
Freeport-McMoran
FCX
$110B
| – | – |
-520,684
| Closed | -$5.38M |
|
142
GE Aerospace
GE
$361B
| – | – |
-84,285
| Closed | -$12.8M |
|
143
IBM
IBM
$222B
| – | – |
-21,096
| Closed | -$3.05M |
|
144
iShares S&P 500 Value ETF
IVE
$50.2B
| – | – |
-21,686
| Closed | -$1.95M |
|
145
Keysight
KEYS
$53.8B
| – | – |
-14,117
| Closed | -$392K |
|
146
Kohl's
KSS
$2B
| – | – |
-230,320
| Closed | -$10.7M |
|
|
147
Labcorp
LH
$27.3B
| – | – |
-1,980,735
| Closed | -$199M |
|
|
148
Las Vegas Sands
LVS
$30.5B
| – | – |
-6,549,295
| Closed | -$338M |
|
149
Masco
MAS
$14.5B
| – | – |
-318,280
| Closed | -$10M |
|
150
Nabors Industries
NBR
$1.37B
| – | – |
-21,342
| Closed | -$9.82M |
|
Similar funds
Christopher Davis's Q2 2016 Portfolio in Review
As of Q2 2016, Christopher Davis held 175 positions worth $22.7B, up 0.48% from $22.6B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Christopher Davis withdrew a net $756M in Q2 2016, closing 37 positions and reducing 61 holdings. Its most notable exit was Las Vegas Sands, an estimated $338M position sold in full.
By sector, the portfolio is most concentrated in Financials at 34% of assets, down from 34% a quarter earlier, followed by Energy and Consumer Discretionary.
Against the trend, Christopher Davis opened a new position in Activision Blizzard worth $279M.
- Christopher Davis's largest Q2 2016 buy was Activision Blizzard: 7,027,568 shares worth $279M.
- Christopher Davis added most to Occidental Petroleum in Q2 2016, an estimated $196M increase.
- Christopher Davis's biggest Q2 2016 reduction was Amazon, cutting an estimated $289M.
- Christopher Davis fully exited Las Vegas Sands in Q2 2016, selling an estimated $338M.
- Christopher Davis's ten largest holdings make up 44% of its $22.7B portfolio in Q2 2016.
- Christopher Davis opened 11 new positions and closed 37 in Q2 2016.
- Christopher Davis's portfolio value rose 0.48% quarter-over-quarter to $22.7B.
Based on Davis Selected Advisers's 13F filing for Q2 2016, filed 12 Aug 2016.