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 |
Las Vegas Sands
LVS
|
+$817M |
| 2 |
Amazon
AMZN
|
+$400M |
| 3 |
Bausch Health
BHC
|
+$358M |
| 4 |
Sysco
SYY
|
+$342M |
| 5 |
SFUN
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
|
+$154M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CVS Health
CVS
|
+$1.53B |
| 2 |
American Express
AXP
|
+$700M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$587M |
| 4 |
BNY
Bank of New York Mellon
BNY
|
+$406M |
| 5 |
Coca-Cola
KO
|
+$356M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 37.59% |
| 2 | Healthcare | 12.22% |
| 3 | Consumer Discretionary | 10.61% |
| 4 | Communication Services | 10.18% |
| 5 | Energy | 6.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ALTR
151
DELISTED
Altera Corp
ALTR
| $1.9M | 0.01% |
52,438
+3,638
| +7% | +$125K |
|
152
Mastercard
MA
$509B
| $1.45M | ﹤0.01% |
19,350
| – | – |
|
153
Republic Services
RSG
$67.6B
| $810K | ﹤0.01% |
23,720
| – | – |
|
154
AutoZone
AZO
$48.3B
| $650K | ﹤0.01% |
1,210
| – | – |
|
155
Halliburton
HAL
$29.4B
| $502K | ﹤0.01% |
+8,525
| New | +$455K |
|
|
TIF
156
DELISTED
Tiffany & Co.
TIF
| $431K | ﹤0.01% |
5,000
| – | – |
|
157
Becton Dickinson
BDX
$52.3B
| $426K | ﹤0.01% |
3,726
| – | – |
|
158
Toronto Dominion Bank
TD
$194B
| $300K | ﹤0.01% |
6,390
| – | – |
|
|
BWP
159
DELISTED
Boardwalk Pipeline Partners
BWP
| $296K | ﹤0.01% |
+22,090
| New | +$396K |
|
160
First Solar
FSLR
$23B
| $281K | ﹤0.01% |
4,030
| – | – |
|
161
Cemex
CX
$16B
| $275K | ﹤0.01% |
25,462
| – | – |
|
162
Apple
AAPL
$4.51T
| $255K | ﹤0.01% |
13,328
-28
| -0.2% | -$533 |
|
|
163
Coca-Cola
KO
$392B
| $243K | ﹤0.01% |
6,286
-9,212,986
| -100% | -$356M |
|
164
United Parcel Service
UPS
$86.8B
| $229K | ﹤0.01% |
2,356
+16
| +0.7% | +$1.56K |
|
165
Franklin Templeton, Inc.
BEN
$17.4B
| $217K | ﹤0.01% |
4,000
+335
| +9% | +$18K |
|
166
Digital Realty Trust
DLR
$70.5B
| $211K | ﹤0.01% |
+3,972
| New | +$207K |
|
167
W.R. Berkley
WRB
$25.5B
| $211K | ﹤0.01% |
17,145
| – | – |
|
168
Ameriprise Financial
AMP
$49.1B
| – | – |
-2,986,588
| Closed | -$344M |
|
169
Baxter International
BAX
$13.6B
| – | – |
-10,116
| Closed | -$382K |
|
170
C.H. Robinson
CHRW
$16.5B
| – | – |
-109,077
| Closed | -$6.37M |
|
171
Healthpeak Properties
DOC
$14.8B
| – | – |
-259,319
| Closed | -$8.58M |
|
172
Iron Mountain
IRM
$36.3B
| – | – |
-10,253,019
| Closed | -$288M |
|
173
iShares S&P 500 Value ETF
IVE
$50.2B
| – | – |
-3,632
| Closed | -$310K |
|
174
Johnson & Johnson
JNJ
$651B
| – | – |
-164,755
| Closed | -$15.1M |
|
175
Lockheed Martin
LMT
$130B
| – | – |
-2,390
| Closed | -$355K |
|
Similar funds
Christopher Davis's Q1 2014 Portfolio in Review
As of Q1 2014, Christopher Davis held 201 positions worth $36.3B, down 11% from $40.9B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Christopher Davis withdrew a net $5.19B in Q1 2014, closing 26 positions and reducing 65 holdings. Its most notable exit was Ameriprise Financial, an estimated $344M position sold in full.
By sector, the portfolio is most concentrated in Financials at 38% of assets, down from 39% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Christopher Davis opened a new position in Sysco worth $344M.
- Christopher Davis's largest Q1 2014 buy was Sysco: 9,515,802 shares worth $344M.
- Christopher Davis added most to Las Vegas Sands in Q1 2014, an estimated $817M increase.
- Christopher Davis's biggest Q1 2014 reduction was CVS Health, cutting an estimated $1.53B.
- Christopher Davis fully exited Ameriprise Financial in Q1 2014, selling an estimated $344M.
- Christopher Davis's ten largest holdings make up 47% of its $36.3B portfolio in Q1 2014.
- Christopher Davis opened 12 new positions and closed 26 in Q1 2014.
- Christopher Davis's portfolio value fell 11% quarter-over-quarter to $36.3B.
Based on Davis Selected Advisers's 13F filing for Q1 2014, filed 13 May 2014.