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CD

Christopher Davis Davis Selected Advisers

AUM $23.3B
1-Year Est. Return 26.95%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+3.63%
1 Year Est. Return
+26.95%
3 Year Est. Return
+93.11%
5 Year Est. Return
+96.73%
10 Year Est. Return
+388.76%
AUM
$33.6B
AUM Growth
-$2.69B
Cap. Flow
-$4.12B
Cap. Flow %
-12.26%
Top 10 Hldgs %
47.55%
Holding
188
New
13
Increased
60
Reduced
79
Closed
8

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$394M
2
JPM icon
JPMorgan Chase
JPM
+$274M
3
DGX icon
Quest Diagnostics
DGX
+$268M
4
MCO icon
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
PGR icon
Progressive
PGR
+$670M
3
CNQ icon
Canadian Natural Resources
CNQ
+$548M
4
LH icon
Labcorp
LH
+$291M
5
EOG icon
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
PLD icon
176
Prologis
PLD
$135B
– –
-431,903
Closed -$17.6M
BBBY
177
DELISTED
Bed Bath & Beyond Inc
BBBY
– –
-14,813,515
Closed -$1.02B
SINA
178
DELISTED
Sina Corp
SINA
– –
-268,674
Closed -$16.2M
DISH
179
DELISTED
DISH Network Corp.
DISH
– –
-123,875
Closed -$7.71M
4 5 6 7
8

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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.