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 |
Booking.com
BKNG
|
+$363M |
| 2 |
Labcorp
LH
|
+$197M |
| 3 |
Liberty Global Class C
LBTYK
|
+$187M |
| 4 |
Textron
TXT
|
+$124M |
| 5 |
WAIR
WESCO Aircraft Holdings Inc.
WAIR
|
+$63.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Walt Disney
DIS
|
+$425M |
| 2 |
MON
Monsanto Co
MON
|
+$326M |
| 3 |
POT
Potash Corp Of Saskatchewan
POT
|
+$195M |
| 4 |
Transocean
RIG
|
+$183M |
| 5 |
Emerson Electric
EMR
|
+$179M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 40.29% |
| 2 | Healthcare | 13% |
| 3 | Communication Services | 9.57% |
| 4 | Consumer Discretionary | 8.06% |
| 5 | Energy | 6.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Public Storage
PSA
$60.2B
| $5.04M | 0.01% |
31,360
-75,540
| -71% | -$12M |
|
152
Prologis
PLD
$135B
| $5.03M | 0.01% |
+133,573
| New | +$5.04M |
|
153
Tenaris
TS
$26.6B
| $4.99M | 0.01% |
106,700
| – | – |
|
154
America Movil
AMX
$71.3B
| $4.54M | 0.01% |
229,078
-4,186,731
| -95% | -$86.2M |
|
155
Intel
INTC
$476B
| $3.9M | 0.01% |
170,119
-4,957,279
| -97% | -$114M |
|
156
IBM
IBM
$222B
| $3.51M | 0.01% |
19,826
-726,587
| -97% | -$132M |
|
157
SITE Centers
SITC
$161M
| $3.5M | 0.01% |
172,976
-179,003
| -51% | -$3.79M |
|
158
SL Green Realty
SLG
$4.07B
| $3.36M | 0.01% |
39,064
-85,185
| -69% | -$7.43M |
|
159
Cousins Properties
CUZ
$4.89B
| $3.08M | 0.01% |
+105,988
| New | +$3.08M |
|
|
X
160
DELISTED
US Steel
X
| $2.03M | 0.01% |
98,530
-18,900
| -16% | -$356K |
|
|
ALTR
161
DELISTED
Altera Corp
ALTR
| $1.81M | ﹤0.01% |
48,800
| – | – |
|
|
FMD
162
DELISTED
FIRST MARBLEHEAD CORP COM STK NEW (DE)
FMD
| $1.57M | ﹤0.01% |
191,019
| – | – |
|
|
NLSN
163
DELISTED
Nielsen Holdings plc
NLSN
| $1.52M | ﹤0.01% |
41,770
-324,579
| -89% | -$11.1M |
|
|
MCP
164
DELISTED
MOLYCORP INC COM STK
MCP
| $1.31M | ﹤0.01% |
199,750
-32,400
| -14% | -$218K |
|
|
ABB
165
DELISTED
ABB Ltd
ABB
| $1.17M | ﹤0.01% |
49,600
| – | – |
|
166
Republic Services
RSG
$67.6B
| $791K | ﹤0.01% |
23,720
| – | – |
|
167
Elevance Health
ELV
$86.9B
| $659K | ﹤0.01% |
7,880
| – | – |
|
168
AutoZone
AZO
$48.3B
| $512K | ﹤0.01% |
+1,210
| New | +$518K |
|
169
News Corp Class A
NWSA
$16.4B
| $496K | ﹤0.01% |
+30,870
| New | +$493K |
|
170
Becton Dickinson
BDX
$52.3B
| $460K | ﹤0.01% |
4,715
| – | – |
|
171
Lockheed Martin
LMT
$130B
| $430K | ﹤0.01% |
3,369
-2,921
| -46% | -$355K |
|
|
LVLT
172
DELISTED
Level 3 Communications Inc
LVLT
| $411K | ﹤0.01% |
15,400
| – | – |
|
|
SE
173
DELISTED
Spectra Energy Corp Wi
SE
| $402K | ﹤0.01% |
11,750
| – | – |
|
|
TIF
174
DELISTED
Tiffany & Co.
TIF
| $383K | ﹤0.01% |
5,002
-1,145,542
| -100% | -$90.2M |
|
175
Baxter International
BAX
$13.6B
| $361K | ﹤0.01% |
10,116
| – | – |
|
Similar funds
Christopher Davis's Q3 2013 Portfolio in Review
As of Q3 2013, Christopher Davis held 218 positions worth $38.5B, down 2.2% from $39.4B the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Christopher Davis withdrew a net $2.67B in Q3 2013, closing 32 positions and reducing 122 holdings. Its most notable exit was Emerson Electric, an estimated $179M position sold in full.
By sector, the portfolio is most concentrated in Financials at 40% of assets, up from 40% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Christopher Davis opened a new position in Booking.com worth $393M.
- Christopher Davis's largest Q3 2013 buy was Booking.com: 9,706,775 shares worth $393M.
- Christopher Davis added most to Labcorp in Q3 2013, an estimated $197M increase.
- Christopher Davis's biggest Q3 2013 reduction was Walt Disney, cutting an estimated $425M.
- Christopher Davis fully exited Emerson Electric in Q3 2013, selling an estimated $179M.
- Christopher Davis's ten largest holdings make up 50% of its $38.5B portfolio in Q3 2013.
- Christopher Davis opened 19 new positions and closed 32 in Q3 2013.
- Christopher Davis's portfolio value fell 2.2% quarter-over-quarter to $38.5B.
Based on Davis Selected Advisers's 13F filing for Q3 2013, filed 12 Nov 2013.