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 |
Bausch Health
BHC
|
+$256M |
| 2 |
TYC
TYCO INTL PLC COM SHS (IRL)
TYC
|
+$246M |
| 3 |
APA Corp
APA
|
+$161M |
| 4 |
CarMax
KMX
|
+$99.2M |
| 5 |
Berkshire Hathaway Class A
BRK.A
|
+$89.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Las Vegas Sands
LVS
|
+$161M |
| 2 |
QIHU
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
|
+$108M |
| 3 |
Wells Fargo
WFC
|
+$90.7M |
| 4 |
Amazon
AMZN
|
+$80.1M |
| 5 |
Diageo
DEO
|
+$72.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 33.91% |
| 2 | Consumer Discretionary | 13.79% |
| 3 | Communication Services | 12.22% |
| 4 | Energy | 9.28% |
| 5 | Industrials | 7.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BWP
151
DELISTED
Boardwalk Pipeline Partners
BWP
| $326K | ﹤0.01% |
22,090
| – | – |
|
152
United Parcel Service
UPS
$86.8B
| $263K | ﹤0.01% |
2,493
+20
| +0.8% | +$1.94K |
|
153
Air Products & Chemicals
APD
$67.9B
| $260K | ﹤0.01% |
1,950
+12
| +0.6% | +$1.45K |
|
154
Walt Disney
DIS
$186B
| $259K | ﹤0.01% |
2,609
+18
| +0.7% | +$1.74K |
|
155
Lam Research
LRCX
$393B
| $225K | ﹤0.01% |
+27,300
| New | +$199K |
|
|
XLNX
156
DELISTED
Xilinx Inc
XLNX
| $217K | ﹤0.01% |
+4,580
| New | +$215K |
|
157
Micron Technology
MU
$1.09T
| $202K | ﹤0.01% |
+19,300
| New | +$216K |
|
|
CRC
158
DELISTED
California Resources Corporation
CRC
| $14K | ﹤0.01% |
+1,343
| New | +$15.8K |
|
159
Apple
AAPL
$4.51T
| – | – |
-13,160
| Closed | -$346K |
|
160
Franklin Templeton, Inc.
BEN
$17.4B
| – | – |
-7,000
| Closed | -$258K |
|
161
Brixmor Property Group
BRX
$8.99B
| – | – |
-486,367
| Closed | -$12.6M |
|
162
Salesforce
CRM
$171B
| – | – |
-107,800
| Closed | -$8.45M |
|
163
Cemex
CX
$16B
| – | – |
-25,461
| Closed | -$131K |
|
|
164
Diageo
DEO
$52.6B
| – | – |
-666,750
| Closed | -$72.7M |
|
165
Diamondrock Hospitality Co
DRH
$2.62B
| – | – |
-528,171
| Closed | -$5.1M |
|
166
EOG Resources
EOG
$80.3B
| – | – |
-735,011
| Closed | -$52M |
|
167
First Solar
FSLR
$23B
| – | – |
-4,030
| Closed | -$266K |
|
168
W.W. Grainger
GWW
$61.8B
| – | – |
-1,160
| Closed | -$235K |
|
169
Hyatt Hotels
H
$17B
| – | – |
-66,545
| Closed | -$3.13M |
|
170
Idexx Laboratories
IDXX
$43.9B
| – | – |
-264,392
| Closed | -$19.3M |
|
171
iShares Russell 3000 ETF
IWV
$20.2B
| – | – |
-32,718
| Closed | -$3.94M |
|
172
Lowe's Companies
LOW
$121B
| – | – |
-174,063
| Closed | -$13.2M |
|
173
Mastercard
MA
$509B
| – | – |
-14,390
| Closed | -$1.4M |
|
174
Macerich
MAC
$6.91B
| – | – |
-189,751
| Closed | -$15.3M |
|
175
National Health Investors
NHI
$3.6B
| – | – |
-89,315
| Closed | -$5.44M |
|
Similar funds
Christopher Davis's Q1 2016 Portfolio in Review
As of Q1 2016, Christopher Davis held 203 positions worth $22.6B, down 5.7% from $24B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Christopher Davis's Q1 2016 filing shows 12 new, 65 increased, 70 reduced and 41 closed positions. Its largest new stake was TYCO INTL PLC COM SHS (IRL): 6,901,695 shares worth $265M. The largest sale was Las Vegas Sands, an estimated $161M.
By sector, the portfolio is most concentrated in Financials at 34% of assets, down from 35% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Christopher Davis's largest Q1 2016 buy was TYCO INTL PLC COM SHS (IRL): 6,901,695 shares worth $265M.
- Christopher Davis added most to Bausch Health in Q1 2016, an estimated $256M increase.
- Christopher Davis's biggest Q1 2016 reduction was Las Vegas Sands, cutting an estimated $161M.
- Christopher Davis fully exited QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS in Q1 2016, selling an estimated $108M.
- Christopher Davis's ten largest holdings make up 44% of its $22.6B portfolio in Q1 2016.
- Christopher Davis opened 12 new positions and closed 41 in Q1 2016.
- Christopher Davis's portfolio value fell 5.7% quarter-over-quarter to $22.6B.
Based on Davis Selected Advisers's 13F filing for Q1 2016, filed 13 May 2016.