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 |
Bank of America
BAC
|
+$26.2M |
| 2 |
SCHW
Charles Schwab
SCHW
|
+$18.3M |
| 3 |
CTRA
Coterra Energy
CTRA
|
+$13.6M |
| 4 |
Cigna
CI
|
+$13.2M |
| 5 |
Expedia Group
EXPE
|
+$12.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Loews
L
|
+$76.6M |
| 2 |
Adient
ADNT
|
+$66M |
| 3 |
Amazon
AMZN
|
+$54M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$52.4M |
| 5 |
New Oriental
EDU
|
+$52M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 40.39% |
| 2 | Communication Services | 13.01% |
| 3 | Consumer Discretionary | 11.62% |
| 4 | Technology | 10.64% |
| 5 | Industrials | 6.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
PPG Industries
PPG
$25.3B
| $648K | ﹤0.01% |
5,470
| – | – |
|
|
XLNX
127
DELISTED
Xilinx Inc
XLNX
| $545K | ﹤0.01% |
5,685
| – | – |
|
|
TSG
128
DELISTED
The Stars Group Inc.
TSG
| $542K | ﹤0.01% |
36,150
+11,170
| +45% | +$174K |
|
129
iShares S&P 500 Value ETF
IVE
$50.2B
| $511K | ﹤0.01% |
+4,288
| New | +$503K |
|
130
FedEx
FDX
$76.9B
| $464K | ﹤0.01% |
3,190
| – | – |
|
131
HP
HPQ
$27.2B
| $394K | ﹤0.01% |
20,830
| – | – |
|
132
CarMax
KMX
$8.82B
| $391K | ﹤0.01% |
4,440
-606
| -12% | -$52K |
|
|
EA
133
DELISTED
Electronic Arts
EA
| $290K | ﹤0.01% |
2,960
| – | – |
|
134
DuPont de Nemours
DD
$18.7B
| $285K | ﹤0.01% |
3,187
| – | – |
|
135
iShares Russell 3000 ETF
IWV
$20.2B
| $252K | ﹤0.01% |
+1,450
| New | +$251K |
|
136
Costco
COST
$420B
| – | – |
-7,680
| Closed | -$2.03M |
|
137
Futu Holdings
FUTU
$17.3B
| – | – |
-97,320
| Closed | -$1.03M |
|
|
LEXEA
138
DELISTED
Liberty Expedia Holdings, Inc. Class A Common Stock
LEXEA
| – | – |
-266,654
| Closed | -$12.7M |
|
Similar funds
Christopher Davis's Q3 2019 Portfolio in Review
As of Q3 2019, Christopher Davis held 138 positions worth $19.9B, down 1.7% from $20.2B the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Christopher Davis withdrew a net $727M in Q3 2019, closing 3 positions and reducing 61 holdings. Its most notable exit was Liberty Expedia Holdings, Inc. Class A Common Stock, an estimated $12.7M position sold in full.
By sector, the portfolio is most concentrated in Financials at 40% of assets, down from 40% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Christopher Davis opened a new position in Coterra Energy worth $12.4M.
- Christopher Davis's largest Q3 2019 buy was Coterra Energy: 707,142 shares worth $12.4M.
- Christopher Davis added most to Bank of America in Q3 2019, an estimated $26.2M increase.
- Christopher Davis's biggest Q3 2019 reduction was Loews, cutting an estimated $76.6M.
- Christopher Davis fully exited Liberty Expedia Holdings, Inc. Class A Common Stock in Q3 2019, selling an estimated $12.7M.
- Christopher Davis's ten largest holdings make up 53% of its $19.9B portfolio in Q3 2019.
- Christopher Davis opened 6 new positions and closed 3 in Q3 2019.
- Christopher Davis's portfolio value fell 1.7% quarter-over-quarter to $19.9B.
Based on Davis Selected Advisers's 13F filing for Q3 2019, filed 13 Nov 2019.