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 |
Labcorp
LH
|
+$165M |
| 2 |
QIHU
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
|
+$117M |
| 3 |
TWTR
Twitter, Inc.
TWTR
|
+$99.6M |
| 4 |
UnitedHealth
UNH
|
+$51M |
| 5 |
Textron
TXT
|
+$48.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class A
BRK.A
|
+$309M |
| 2 |
CVS Health
CVS
|
+$218M |
| 3 |
Occidental Petroleum
OXY
|
+$200M |
| 4 |
Coca-Cola
KO
|
+$164M |
| 5 |
Y
Alleghany Corp
Y
|
+$152M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 39.49% |
| 2 | Healthcare | 13.67% |
| 3 | Communication Services | 10.93% |
| 4 | Consumer Discretionary | 7.99% |
| 5 | Energy | 6.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Tenaris
TS
$26.6B
| $4.52M | 0.01% |
103,500
-3,200
| -3% | -$145K |
|
152
Intel
INTC
$476B
| $4.45M | 0.01% |
171,379
+1,260
| +0.7% | +$30.5K |
|
|
CCG
153
DELISTED
CAMPUS CREST COMMUNITIES INC COM STK (MD)
CCG
| $4.36M | 0.01% |
463,084
-3,948
| -0.8% | -$38.8K |
|
154
SBA Communications
SBAC
$19.4B
| $4.28M | 0.01% |
47,602
-33,551
| -41% | -$2.88M |
|
155
SITE Centers
SITC
$161M
| $3.75M | 0.01% |
189,314
+16,338
| +9% | +$339K |
|
156
IBM
IBM
$222B
| $3.58M | 0.01% |
19,963
+137
| +0.7% | +$23.6K |
|
157
SL Green Realty
SLG
$4.07B
| $3.43M | 0.01% |
38,380
-684
| -2% | -$61K |
|
158
Cousins Properties
CUZ
$4.89B
| $3.07M | 0.01% |
105,563
-425
| -0.4% | -$12.8K |
|
|
ALEX
159
DELISTED
Alexander & Baldwin
ALEX
| $2.87M | 0.01% |
+68,760
| New | +$2.64M |
|
160
OneMain Financial
OMF
$7.27B
| $2.54M | 0.01% |
+100,330
| New | +$2.14M |
|
|
WUBA
161
DELISTED
58.com Inc
WUBA
| $1.92M | ﹤0.01% |
+50,160
| New | +$1.59M |
|
162
Mastercard
MA
$509B
| $1.62M | ﹤0.01% |
19,350
-67,370
| -78% | -$5M |
|
|
ALTR
163
DELISTED
Altera Corp
ALTR
| $1.59M | ﹤0.01% |
48,800
| – | – |
|
|
FMD
164
DELISTED
FIRST MARBLEHEAD CORP COM STK NEW (DE)
FMD
| $1.41M | ﹤0.01% |
191,018
-1
| -0% | -$8 |
|
|
NLSN
165
DELISTED
Nielsen Holdings plc
NLSN
| $1.4M | ﹤0.01% |
30,470
-11,300
| -27% | -$461K |
|
|
ABB
166
DELISTED
ABB Ltd
ABB
| $1.3M | ﹤0.01% |
48,822
-778
| -2% | -$19.4K |
|
167
Republic Services
RSG
$67.6B
| $788K | ﹤0.01% |
23,720
| – | – |
|
168
AutoZone
AZO
$48.3B
| $578K | ﹤0.01% |
1,210
| – | – |
|
|
LVLT
169
DELISTED
Level 3 Communications Inc
LVLT
| $511K | ﹤0.01% |
15,400
| – | – |
|
|
TIF
170
DELISTED
Tiffany & Co.
TIF
| $464K | ﹤0.01% |
5,000
-2
| -0% | -$166 |
|
|
SE
171
DELISTED
Spectra Energy Corp Wi
SE
| $419K | ﹤0.01% |
11,750
| – | – |
|
172
Becton Dickinson
BDX
$52.3B
| $402K | ﹤0.01% |
3,726
-989
| -21% | -$103K |
|
173
Baxter International
BAX
$13.6B
| $382K | ﹤0.01% |
10,116
| – | – |
|
174
Lockheed Martin
LMT
$130B
| $355K | ﹤0.01% |
2,390
-979
| -29% | -$133K |
|
175
iShares S&P 500 Value ETF
IVE
$50.2B
| $310K | ﹤0.01% |
+3,632
| New | +$299K |
|
Similar funds
Christopher Davis's Q4 2013 Portfolio in Review
As of Q4 2013, Christopher Davis held 202 positions worth $40.9B, up 6.2% from $38.5B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Christopher Davis withdrew a net $1.75B in Q4 2013, closing 12 positions and reducing 110 holdings. Its most notable exit was Digital Realty Trust, an estimated $38.9M position sold in full.
By sector, the portfolio is most concentrated in Financials at 39% of assets, down from 40% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Christopher Davis opened a new position in QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS worth $114M.
- Christopher Davis's largest Q4 2013 buy was QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS: 1,395,178 shares worth $114M.
- Christopher Davis added most to Labcorp in Q4 2013, an estimated $165M increase.
- Christopher Davis's biggest Q4 2013 reduction was Berkshire Hathaway Class A, cutting an estimated $309M.
- Christopher Davis fully exited Digital Realty Trust in Q4 2013, selling an estimated $38.9M.
- Christopher Davis's ten largest holdings make up 52% of its $40.9B portfolio in Q4 2013.
- Christopher Davis opened 15 new positions and closed 12 in Q4 2013.
- Christopher Davis's portfolio value rose 6.2% quarter-over-quarter to $40.9B.
Based on Davis Selected Advisers's 13F filing for Q4 2013, filed 12 Feb 2014.