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
|
+$421M |
| 2 |
Ovintiv
OVV
|
+$348M |
| 3 |
Halliburton
HAL
|
+$296M |
| 4 |
ESRX
Express Scripts Holding Company
ESRX
|
+$184M |
| 5 |
Las Vegas Sands
LVS
|
+$171M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Canadian Natural Resources
CNQ
|
+$492M |
| 2 |
IBM
IBM
|
+$394M |
| 3 |
Berkshire Hathaway Class A
BRK.A
|
+$334M |
| 4 |
Costco
COST
|
+$283M |
| 5 |
BNY
Bank of New York Mellon
BNY
|
+$275M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 39.88% |
| 2 | Healthcare | 12.75% |
| 3 | Consumer Discretionary | 12.46% |
| 4 | Communication Services | 11.43% |
| 5 | Technology | 5.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TIF
176
DELISTED
Tiffany & Co.
TIF
| $534K | ﹤0.01% |
5,000
| – | – |
|
|
BWP
177
DELISTED
Boardwalk Pipeline Partners
BWP
| $393K | ﹤0.01% |
22,090
| – | – |
|
178
Franklin Templeton, Inc.
BEN
$17.4B
| $388K | ﹤0.01% |
7,000
| – | – |
|
179
Apple
AAPL
$4.51T
| $363K | ﹤0.01% |
13,160
| – | – |
|
180
Coca-Cola
KO
$392B
| $273K | ﹤0.01% |
6,475
+93
| +1% | +$3.97K |
|
181
United Parcel Service
UPS
$86.8B
| $267K | ﹤0.01% |
2,402
+14
| +0.6% | +$1.48K |
|
182
W.R. Berkley
WRB
$25.5B
| $260K | ﹤0.01% |
17,145
| – | – |
|
183
Air Products & Chemicals
APD
$67.9B
| $253K | ﹤0.01% |
1,896
-701
| -27% | -$88.7K |
|
184
Walt Disney
DIS
$186B
| $249K | ﹤0.01% |
2,641
-2,677,254
| -100% | -$241M |
|
185
Cemex
CX
$16B
| $231K | ﹤0.01% |
25,461
| – | – |
|
186
American Tower
AMT
$81.9B
| – | – |
-129,012
| Closed | -$12.1M |
|
187
AutoZone
AZO
$48.3B
| – | – |
-730
| Closed | -$372K |
|
188
CVS Health
CVS
$119B
| – | – |
-2,153,905
| Closed | -$171M |
|
189
Digital Realty Trust
DLR
$70.5B
| – | – |
-82,876
| Closed | -$5.17M |
|
190
FedEx
FDX
$76.9B
| – | – |
-84,961
| Closed | -$13.7M |
|
191
First Solar
FSLR
$23B
| – | – |
-4,030
| Closed | -$265K |
|
192
Harley-Davidson
HOG
$2.93B
| – | – |
-1,113,765
| Closed | -$64.9M |
|
193
Tanger
SKT
$4.39B
| – | – |
-352,864
| Closed | -$11.5M |
|
|
Y
194
DELISTED
Alleghany Corp
Y
| – | – |
-11,795
| Closed | -$4.93M |
|
|
MON
195
DELISTED
Monsanto Co
MON
| – | – |
-1,848,439
| Closed | -$208M |
|
Similar funds
Christopher Davis's Q4 2014 Portfolio in Review
As of Q4 2014, Christopher Davis held 201 positions worth $30.9B, down 4% from $32.2B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Christopher Davis withdrew a net $2.37B in Q4 2014, closing 10 positions and reducing 105 holdings. Its most notable exit was Monsanto Co, an estimated $208M position sold in full.
By sector, the portfolio is most concentrated in Financials at 40% of assets, down from 40% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Christopher Davis opened a new position in Keysight worth $49.9M.
- Christopher Davis's largest Q4 2014 buy was Keysight: 1,476,620 shares worth $49.9M.
- Christopher Davis added most to Amazon in Q4 2014, an estimated $421M increase.
- Christopher Davis's biggest Q4 2014 reduction was Canadian Natural Resources, cutting an estimated $492M.
- Christopher Davis fully exited Monsanto Co in Q4 2014, selling an estimated $208M.
- Christopher Davis's ten largest holdings make up 51% of its $30.9B portfolio in Q4 2014.
- Christopher Davis opened 13 new positions and closed 10 in Q4 2014.
- Christopher Davis's portfolio value fell 4% quarter-over-quarter to $30.9B.
Based on Davis Selected Advisers's 13F filing for Q4 2014, filed 11 Feb 2015.