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 |
Amazon
AMZN
|
+$394M |
| 2 |
JPMorgan Chase
JPM
|
+$274M |
| 3 |
Quest Diagnostics
DGX
|
+$268M |
| 4 |
Moody's
MCO
|
+$198M |
| 5 |
UPL
Ultra Petroleum Corp. Common Stock
UPL
|
+$133M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BBBY
Bed Bath & Beyond Inc
BBBY
|
+$1.02B |
| 2 |
Progressive
PGR
|
+$670M |
| 3 |
Canadian Natural Resources
CNQ
|
+$548M |
| 4 |
Labcorp
LH
|
+$291M |
| 5 |
EOG Resources
EOG
|
+$272M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 38.39% |
| 2 | Healthcare | 12.23% |
| 3 | Communication Services | 11.2% |
| 4 | Consumer Discretionary | 9.68% |
| 5 | Technology | 6.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
SITE Centers
SITC
$161M
| $4.49M | 0.01% |
197,473
+1,243
| +0.6% | +$27.5K |
|
152
First Industrial Realty Trust
FR
$8.34B
| $4.04M | 0.01% |
+214,515
| New | +$4M |
|
153
IBM
IBM
$222B
| $3.93M | 0.01% |
22,655
+756
| +3% | +$136K |
|
154
Cousins Properties
CUZ
$4.89B
| $3.81M | 0.01% |
108,503
| – | – |
|
|
WUBA
155
DELISTED
58.com Inc
WUBA
| $2.87M | 0.01% |
52,990
+1,590
| +3% | +$67.5K |
|
|
JMEI
156
DELISTED
Jumei International Holding Limited American depositary shares, each representing ten Class A ordina
JMEI
| $2.72M | 0.01% |
+10,000
| New | +$2.64M |
|
|
WPG
157
DELISTED
Washington Prime Group Inc.
WPG
| $2.44M | 0.01% |
+14,479
| New | +$2.52M |
|
|
ALTR
158
DELISTED
Altera Corp
ALTR
| $1.82M | 0.01% |
52,370
-68
| -0.1% | -$2.3K |
|
159
Mastercard
MA
$509B
| $1.42M | ﹤0.01% |
19,350
| – | – |
|
160
Republic Services
RSG
$67.6B
| $901K | ﹤0.01% |
23,720
| – | – |
|
161
Halliburton
HAL
$29.4B
| $601K | ﹤0.01% |
8,460
-65
| -0.8% | -$4.17K |
|
|
TIF
162
DELISTED
Tiffany & Co.
TIF
| $501K | ﹤0.01% |
5,000
| – | – |
|
|
BWP
163
DELISTED
Boardwalk Pipeline Partners
BWP
| $409K | ﹤0.01% |
22,090
| – | – |
|
164
AutoZone
AZO
$48.3B
| $391K | ﹤0.01% |
730
-480
| -40% | -$254K |
|
165
Toronto Dominion Bank
TD
$194B
| $329K | ﹤0.01% |
6,390
| – | – |
|
166
Apple
AAPL
$4.51T
| $306K | ﹤0.01% |
13,160
-168
| -1% | -$3.58K |
|
167
Cemex
CX
$16B
| $299K | ﹤0.01% |
25,461
-1
| -0% | -$11 |
|
168
First Solar
FSLR
$23B
| $286K | ﹤0.01% |
4,030
| – | – |
|
169
Coca-Cola
KO
$392B
| $268K | ﹤0.01% |
6,336
+50
| +0.8% | +$2.03K |
|
170
United Parcel Service
UPS
$86.8B
| $243K | ﹤0.01% |
2,372
+16
| +0.7% | +$1.61K |
|
171
W.R. Berkley
WRB
$25.5B
| $235K | ﹤0.01% |
17,145
| – | – |
|
172
Franklin Templeton
BEN
$17.4B
| $231K | ﹤0.01% |
4,000
| – | – |
|
173
Becton Dickinson
BDX
$52.3B
| – | – |
-3,726
| Closed | -$426K |
|
174
Digital Realty Trust
DLR
$70.5B
| – | – |
-3,972
| Closed | -$211K |
|
|
VMRK
175
Vivmark Residential
VMRK
$25B
| – | – |
-132,381
| Closed | -$7.68M |
|
Similar funds
Christopher Davis's Q2 2014 Portfolio in Review
As of Q2 2014, Christopher Davis held 188 positions worth $33.6B, down 7.4% from $36.3B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Christopher Davis withdrew a net $4.12B in Q2 2014, closing 8 positions and reducing 79 holdings. Its most notable exit was Bed Bath & Beyond Inc, an estimated $1.02B position sold in full.
By sector, the portfolio is most concentrated in Financials at 38% of assets, up from 38% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Christopher Davis opened a new position in Moody's worth $211M.
- Christopher Davis's largest Q2 2014 buy was Moody's: 2,406,257 shares worth $211M.
- Christopher Davis added most to Amazon in Q2 2014, an estimated $394M increase.
- Christopher Davis's biggest Q2 2014 reduction was Progressive, cutting an estimated $670M.
- Christopher Davis fully exited Bed Bath & Beyond Inc in Q2 2014, selling an estimated $1.02B.
- Christopher Davis's ten largest holdings make up 48% of its $33.6B portfolio in Q2 2014.
- Christopher Davis opened 13 new positions and closed 8 in Q2 2014.
- Christopher Davis's portfolio value fell 7.4% quarter-over-quarter to $33.6B.
Based on Davis Selected Advisers's 13F filing for Q2 2014, filed 13 Aug 2014.