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 |
Capital One
COF
|
+$244M |
| 2 |
US Bancorp
USB
|
+$227M |
| 3 |
RTN
Raytheon Company
RTN
|
+$206M |
| 4 |
RTX Corp
RTX
|
+$156M |
| 5 |
Applied Materials
AMAT
|
+$72.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
New Oriental
EDU
|
+$445M |
| 2 |
Amazon
AMZN
|
+$131M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$110M |
| 4 |
Microsoft
MSFT
|
+$109M |
| 5 |
Alibaba
BABA
|
+$106M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 37.48% |
| 2 | Communication Services | 15.26% |
| 3 | Consumer Discretionary | 13.67% |
| 4 | Technology | 12.4% |
| 5 | Industrials | 7.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
CubeSmart
CUBE
$9.21B
| – | – |
-150,120
| Closed | -$4.73M |
|
127
DuPont de Nemours
DD
$18.7B
| – | – |
-3,187
| Closed | -$257K |
|
128
Dow Inc
DOW
$23.4B
| – | – |
-4,000
| Closed | -$219K |
|
129
Equity Lifestyle Properties
ELS
$12.7B
| – | – |
-86,120
| Closed | -$6.06M |
|
130
iShares Russell 3000 ETF
IWV
$20.2B
| – | – |
-2,053
| Closed | -$387K |
|
131
Macerich
MAC
$6.91B
| – | – |
-67,570
| Closed | -$1.82M |
|
132
Regency Centers
REG
$13.9B
| – | – |
-132,740
| Closed | -$8.38M |
|
133
Ryman Hospitality Properties
RHP
$8.86B
| – | – |
-51,840
| Closed | -$4.49M |
|
134
Sun Communities
SUI
$14.8B
| – | – |
-42,250
| Closed | -$6.34M |
|
|
QVCGA
135
DELISTED
QVC Group Inc Series A
QVCGA
| – | – |
-332
| Closed | -$136K |
|
|
VSA
136
VisionSys AI
VSA
$9.78M
| – | – |
-1,620
| Closed | -$7.94M |
|
|
LPT
137
DELISTED
Liberty Property Trust
LPT
| – | – |
-66,630
| Closed | -$4M |
|
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Christopher Davis's Q1 2020 Portfolio in Review
As of Q1 2020, Christopher Davis held 137 positions worth $14.8B, down 29% from $20.9B the previous quarter. Its ten largest holdings account for 55% of the portfolio.
Christopher Davis's Q1 2020 filing shows 3 new, 53 increased, 55 reduced and 15 closed positions. Its largest new stake was Raytheon Company: 1,040,096 shares worth $136M. The largest sale was New Oriental, an estimated $445M.
By sector, the portfolio is most concentrated in Financials at 37% of assets, down from 40% a quarter earlier, followed by Communication Services and Consumer Discretionary.
- Christopher Davis's largest Q1 2020 buy was Raytheon Company: 1,040,096 shares worth $136M.
- Christopher Davis added most to Capital One in Q1 2020, an estimated $244M increase.
- Christopher Davis's biggest Q1 2020 reduction was New Oriental, cutting an estimated $445M.
- Christopher Davis fully exited Azul in Q1 2020, selling an estimated $16.5M.
- Christopher Davis's ten largest holdings make up 55% of its $14.8B portfolio in Q1 2020.
- Christopher Davis opened 3 new positions and closed 15 in Q1 2020.
- Christopher Davis's portfolio value fell 29% quarter-over-quarter to $14.8B.
Based on Davis Selected Advisers's 13F filing for Q1 2020, filed 15 May 2020.