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 |
CTRA
Coterra Energy
CTRA
|
+$798M |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$422M |
| 3 |
Advance Auto Parts
AAP
|
+$192M |
| 4 |
Citizens Financial Group
CFG
|
+$41.9M |
| 5 |
Ovintiv
OVV
|
+$21.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BNY
Bank of New York Mellon
BNY
|
+$554M |
| 2 |
Halliburton
HAL
|
+$381M |
| 3 |
Liberty Global Class C
LBTYK
|
+$321M |
| 4 |
Brookfield
BN
|
+$206M |
| 5 |
UnitedHealth
UNH
|
+$178M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 37.12% |
| 2 | Consumer Discretionary | 15.32% |
| 3 | Healthcare | 11.63% |
| 4 | Communication Services | 10.66% |
| 5 | Energy | 6.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Walt Disney
DIS
$186B
| $294K | ﹤0.01% |
2,577
| – | – |
|
177
W.W. Grainger
GWW
$61.8B
| $275K | ﹤0.01% |
+1,160
| New | +$281K |
|
178
W.R. Berkley
WRB
$25.5B
| $264K | ﹤0.01% |
17,145
| – | – |
|
179
Air Products & Chemicals
APD
$67.9B
| $243K | ﹤0.01% |
1,917
+11
| +0.6% | +$1.5K |
|
180
United Parcel Service
UPS
$86.8B
| $236K | ﹤0.01% |
2,437
+17
| +0.7% | +$1.69K |
|
181
Cemex
CX
$16B
| $216K | ﹤0.01% |
25,461
| – | – |
|
182
Progressive
PGR
$127B
| $205K | ﹤0.01% |
+7,350
| New | +$200K |
|
183
Alibaba
BABA
$286B
| – | – |
-95,991
| Closed | -$7.99M |
|
184
Elevance Health
ELV
$86.9B
| – | – |
-39,238
| Closed | -$6.06M |
|
185
Equinix
EQIX
$105B
| – | – |
-15,569
| Closed | -$3.63M |
|
186
Expeditors International
EXPD
$24.4B
| – | – |
-66,462
| Closed | -$3.2M |
|
187
First Solar
FSLR
$23B
| – | – |
-4,030
| Closed | -$241K |
|
|
188
Halliburton
HAL
$29.4B
| – | – |
-8,678,047
| Closed | -$381M |
|
|
PGRE
189
DELISTED
Paramount Group
PGRE
| – | – |
-201,756
| Closed | -$3.89M |
|
190
Wynn Resorts
WYNN
$10.3B
| – | – |
-10,385
| Closed | -$1.31M |
|
|
CBL
191
DELISTED
CBL& Associates Properties, Inc.
CBL
| – | – |
-160,642
| Closed | -$3.18M |
|
|
LHO
192
DELISTED
LaSalle Hotel Properties
LHO
| – | – |
-324,518
| Closed | -$12.6M |
|
|
WIN
193
DELISTED
Windstream Holdings Inc
WIN
| – | – |
-23,682
| Closed | -$1.37M |
|
|
UN
194
DELISTED
Unilever NV New York Registry Shares
UN
| – | – |
-149,006
| Closed | -$6.22M |
|
Similar funds
Christopher Davis's Q2 2015 Portfolio in Review
As of Q2 2015, Christopher Davis held 201 positions worth $28.6B, down 2.6% from $29.4B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Christopher Davis withdrew a net $1.1B in Q2 2015, closing 12 positions and reducing 120 holdings. Its most notable exit was Halliburton, an estimated $381M position sold in full.
By sector, the portfolio is most concentrated in Financials at 37% of assets, down from 39% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Christopher Davis opened a new position in Coterra Energy worth $755M.
- Christopher Davis's largest Q2 2015 buy was Coterra Energy: 23,925,872 shares worth $755M.
- Christopher Davis added most to Citizens Financial Group in Q2 2015, an estimated $41.9M increase.
- Christopher Davis's biggest Q2 2015 reduction was Bank of New York Mellon, cutting an estimated $554M.
- Christopher Davis fully exited Halliburton in Q2 2015, selling an estimated $381M.
- Christopher Davis's ten largest holdings make up 49% of its $28.6B portfolio in Q2 2015.
- Christopher Davis opened 16 new positions and closed 12 in Q2 2015.
- Christopher Davis's portfolio value fell 2.6% quarter-over-quarter to $28.6B.
Based on Davis Selected Advisers's 13F filing for Q2 2015, filed 13 Aug 2015.