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 |
Johnson Controls International
JCI
|
+$259M |
| 2 |
Aptiv
APTV
|
+$259M |
| 3 |
AET
Aetna Inc
AET
|
+$176M |
| 4 |
APA Corp
APA
|
+$113M |
| 5 |
Wells Fargo
WFC
|
+$94.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TYC
TYCO INTL PLC COM SHS (IRL)
TYC
|
+$314M |
| 2 |
ATVI
Activision Blizzard
ATVI
|
+$279M |
| 3 |
Quest Diagnostics
DGX
|
+$255M |
| 4 |
PACCAR
PCAR
|
+$195M |
| 5 |
Amazon
AMZN
|
+$156M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 35.02% |
| 2 | Energy | 14.32% |
| 3 | Consumer Discretionary | 12.65% |
| 4 | Communication Services | 11.42% |
| 5 | Industrials | 7.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
XLNX
126
DELISTED
Xilinx Inc
XLNX
| $430K | ﹤0.01% |
7,920
| – | – |
|
127
Lam Research
LRCX
$393B
| $412K | ﹤0.01% |
43,550
| – | – |
|
128
HP
HPQ
$27.2B
| $368K | ﹤0.01% |
23,700
-7,301,552
| -100% | -$104M |
|
|
BBU
129
DELISTED
Brookfield Business Partners
BBU
| $352K | ﹤0.01% |
20,732
| – | – |
|
130
Axalta
AXTA
$7.75B
| $322K | ﹤0.01% |
+11,400
| New | +$319K |
|
131
Air Products & Chemicals
APD
$67.9B
| $274K | ﹤0.01% |
1,973
+11
| +0.6% | +$1.52K |
|
132
Walt Disney
DIS
$186B
| $244K | ﹤0.01% |
2,629
+20
| +0.8% | +$1.92K |
|
133
Advance Auto Parts
AAP
$2.57B
| – | – |
-692,836
| Closed | -$112M |
|
134
Cable One
CABO
$129M
| – | – |
-32,116
| Closed | -$16.4M |
|
135
Newell Brands
NWL
$2.59B
| – | – |
-8,193
| Closed | -$398K |
|
136
United Parcel Service
UPS
$86.8B
| – | – |
-2,512
| Closed | -$271K |
|
|
TYC
137
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| – | – |
-7,047,321
| Closed | -$314M |
|
|
ATVI
138
DELISTED
Activision Blizzard
ATVI
| – | – |
-7,027,568
| Closed | -$279M |
|
|
AES.PRC.CL
139
DELISTED
AES Corporation Class C Preferred
AES.PRC.CL
| – | – |
-145,027
| Closed | -$7.55M |
|
Similar funds
Christopher Davis's Q3 2016 Portfolio in Review
As of Q3 2016, Christopher Davis held 139 positions worth $22.9B, up 1% from $22.7B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
Christopher Davis withdrew a net $1.19B in Q3 2016, closing 7 positions and reducing 60 holdings. Its most notable exit was TYCO INTL PLC COM SHS (IRL), an estimated $314M position sold in full.
By sector, the portfolio is most concentrated in Financials at 35% of assets, up from 34% a quarter earlier, followed by Energy and Consumer Discretionary.
Against the trend, Christopher Davis opened a new position in Aptiv worth $273M.
- Christopher Davis's largest Q3 2016 buy was Aptiv: 3,833,351 shares worth $273M.
- Christopher Davis added most to Johnson Controls International in Q3 2016, an estimated $259M increase.
- Christopher Davis's biggest Q3 2016 reduction was Quest Diagnostics, cutting an estimated $255M.
- Christopher Davis fully exited TYCO INTL PLC COM SHS (IRL) in Q3 2016, selling an estimated $314M.
- Christopher Davis's ten largest holdings make up 46% of its $22.9B portfolio in Q3 2016.
- Christopher Davis opened 7 new positions and closed 7 in Q3 2016.
- Christopher Davis's portfolio value rose 1% quarter-over-quarter to $22.9B.
Based on Davis Selected Advisers's 13F filing for Q3 2016, filed 14 Nov 2016.