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 |
ATVI
Activision Blizzard
ATVI
|
+$258M |
| 2 |
Occidental Petroleum
OXY
|
+$196M |
| 3 |
EQT Corp
EQT
|
+$175M |
| 4 |
Texas Instruments
TXN
|
+$97.9M |
| 5 |
Liberty Latin America Class C
LILAK
|
+$58.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Las Vegas Sands
LVS
|
+$338M |
| 2 |
Amazon
AMZN
|
+$289M |
| 3 |
Labcorp
LH
|
+$199M |
| 4 |
MON
Monsanto Co
MON
|
+$163M |
| 5 |
Liberty Global Class C
LBTYK
|
+$84M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 33.61% |
| 2 | Energy | 12.21% |
| 3 | Consumer Discretionary | 11.76% |
| 4 | Communication Services | 11.06% |
| 5 | Technology | 7.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Amazon
AMZN
$2.79T
| $1.6B | 7.04% |
44,708,200
-8,532,400
| -16% | -$289M |
|
2
Wells Fargo
WFC
$254B
| $1.15B | 5.05% |
24,227,545
+294,032
| +1% | +$14.3M |
|
3
JPMorgan Chase
JPM
$935B
| $1.1B | 4.86% |
17,776,261
+133,233
| +0.8% | +$8.32M |
|
4
Berkshire Hathaway Class A
BRK.A
$1.06T
| $1.02B | 4.48% |
4,693
-173
| -4% | -$37.1M |
|
5
APA Corp
APA
$15.2B
| $980M | 4.32% |
17,611,450
+437,255
| +3% | +$23.8M |
|
6
RTX Corp
RTX
$283B
| $954M | 4.2% |
14,778,976
+670,393
| +5% | +$42.9M |
|
7
Alphabet (Google) Class C
GOOG
$4.18T
| $947M | 4.17% |
27,362,800
-199,520
| -0.7% | -$7.17M |
|
8
American Express
AXP
$227B
| $826M | 3.64% |
13,591,870
-575,316
| -4% | -$36.4M |
|
|
BNY
9
Bank of New York Mellon
BNY
$108B
| $769M | 3.39% |
19,790,665
-910,429
| -4% | -$36.2M |
|
|
MON
10
DELISTED
Monsanto Co
MON
| $662M | 2.91% |
6,401,359
-1,641,859
| -20% | -$163M |
|
|
11
Alphabet (Google) Class A
GOOGL
$4.22T
| $641M | 2.82% |
18,228,320
-282,860
| -2% | -$10.4M |
|
|
12
Occidental Petroleum
OXY
$61.3B
| $635M | 2.8% |
8,402,549
+2,616,481
| +45% | +$196M |
|
13
Ovintiv
OVV
$18.5B
| $572M | 2.52% |
14,672,917
-141,695
| -1% | -$5.19M |
|
|
14
Texas Instruments
TXN
$241B
| $567M | 2.5% |
9,051,716
+1,646,483
| +22% | +$97.9M |
|
15
CarMax
KMX
$8.82B
| $553M | 2.43% |
11,277,585
+161,600
| +1% | +$8.3M |
|
16
UnitedHealth
UNH
$350B
| $492M | 2.17% |
3,484,617
-326,066
| -9% | -$43.5M |
|
17
Johnson Controls International
JCI
$86.7B
| $418M | 1.84% |
9,011,075
+272,688
| +3% | +$12M |
|
|
SCHW
18
Charles Schwab
SCHW
$194B
| $393M | 1.73% |
15,544,811
+1,829,474
| +13% | +$52M |
|
|
CTRA
19
DELISTED
Coterra Energy
CTRA
| $391M | 1.72% |
15,204,019
-2,067,540
| -12% | -$49.6M |
|
|
20
Liberty Global Class C
LBTYK
$3.55B
| $381M | 1.68% |
13,302,873
-2,663,602
| -17% | -$84M |
|
|
ESRX
21
DELISTED
Express Scripts Holding Company
ESRX
| $376M | 1.65% |
4,955,717
-187,262
| -4% | -$13.8M |
|
|
PX
22
DELISTED
Praxair Inc
PX
| $375M | 1.65% |
3,340,309
-91,411
| -3% | -$10.4M |
|
23
Visa
V
$693B
| $369M | 1.63% |
4,978,347
-186,276
| -4% | -$14.6M |
|
24
Costco
COST
$420B
| $332M | 1.46% |
2,112,981
-215,852
| -9% | -$32.7M |
|
|
TYC
25
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $314M | 1.38% |
7,047,321
+145,626
| +2% | +$6.1M |
|
Similar funds
Christopher Davis's Q2 2016 Portfolio in Review
As of Q2 2016, Christopher Davis held 175 positions worth $22.7B, up 0.48% from $22.6B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Christopher Davis withdrew a net $756M in Q2 2016, closing 37 positions and reducing 61 holdings. Its most notable exit was Las Vegas Sands, an estimated $338M position sold in full.
By sector, the portfolio is most concentrated in Financials at 34% of assets, down from 34% a quarter earlier, followed by Energy and Consumer Discretionary.
Against the trend, Christopher Davis opened a new position in Activision Blizzard worth $279M.
- Christopher Davis's largest Q2 2016 buy was Activision Blizzard: 7,027,568 shares worth $279M.
- Christopher Davis added most to Occidental Petroleum in Q2 2016, an estimated $196M increase.
- Christopher Davis's biggest Q2 2016 reduction was Amazon, cutting an estimated $289M.
- Christopher Davis fully exited Las Vegas Sands in Q2 2016, selling an estimated $338M.
- Christopher Davis's ten largest holdings make up 44% of its $22.7B portfolio in Q2 2016.
- Christopher Davis opened 11 new positions and closed 37 in Q2 2016.
- Christopher Davis's portfolio value rose 0.48% quarter-over-quarter to $22.7B.
Based on Davis Selected Advisers's 13F filing for Q2 2016, filed 12 Aug 2016.