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 |
APA Corp
APA
|
+$129M |
| 2 |
FedEx
FDX
|
+$88.1M |
| 3 |
Axalta
AXTA
|
+$83M |
| 4 |
Meta Platforms (Facebook)
META
|
+$46.8M |
| 5 |
KKR & Co
KKR
|
+$40.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EQT Corp
EQT
|
+$194M |
| 2 |
Amazon
AMZN
|
+$153M |
| 3 |
JPMorgan Chase
JPM
|
+$136M |
| 4 |
CarMax
KMX
|
+$114M |
| 5 |
MON
Monsanto Co
MON
|
+$80.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 36.9% |
| 2 | Consumer Discretionary | 13.56% |
| 3 | Energy | 11.86% |
| 4 | Communication Services | 11.85% |
| 5 | Industrials | 7.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Amazon
AMZN
$2.79T
| $1.53B | 6.61% |
34,564,580
-3,673,840
| -10% | -$153M |
|
2
Wells Fargo
WFC
$254B
| $1.42B | 6.12% |
25,494,226
-931,469
| -4% | -$52.9M |
|
|
3
JPMorgan Chase
JPM
$935B
| $1.34B | 5.79% |
15,274,029
-1,536,963
| -9% | -$136M |
|
|
4
APA Corp
APA
$15.2B
| $1.12B | 4.85% |
21,873,634
+2,297,882
| +12% | +$129M |
|
5
Berkshire Hathaway Class A
BRK.A
$1.06T
| $1.07B | 4.6% |
4,265
-70
| -2% | -$17.6M |
|
6
Alphabet (Google) Class C
GOOG
$4.18T
| $1.04B | 4.47% |
25,013,520
-733,980
| -3% | -$30.1M |
|
|
BNY
7
Bank of New York Mellon
BNY
$108B
| $992M | 4.28% |
21,001,307
-228,898
| -1% | -$10.7M |
|
8
American Express
AXP
$227B
| $936M | 4.04% |
11,830,707
-233,651
| -2% | -$18.3M |
|
9
RTX Corp
RTX
$283B
| $912M | 3.93% |
12,918,989
-424,591
| -3% | -$29.8M |
|
10
Ovintiv
OVV
$18.5B
| $812M | 3.5% |
13,865,609
-351,274
| -2% | -$21.1M |
|
|
11
Alphabet (Google) Class A
GOOGL
$4.22T
| $669M | 2.89% |
15,780,920
-711,940
| -4% | -$29.9M |
|
12
Johnson Controls International
JCI
$86.7B
| $606M | 2.61% |
14,392,807
-513,943
| -3% | -$21.7M |
|
|
MON
13
DELISTED
Monsanto Co
MON
| $582M | 2.51% |
5,139,380
-723,689
| -12% | -$80.1M |
|
14
Adient
ADNT
$1.54B
| $550M | 2.37% |
7,565,186
+69,470
| +0.9% | +$4.56M |
|
|
AET
15
DELISTED
Aetna Inc
AET
| $531M | 2.29% |
4,163,857
+226,659
| +6% | +$28.5M |
|
|
16
Meta Platforms (Facebook)
META
$1.4T
| $521M | 2.25% |
3,669,129
+349,888
| +11% | +$46.8M |
|
17
UnitedHealth
UNH
$350B
| $478M | 2.06% |
2,914,023
-125,165
| -4% | -$20.5M |
|
18
Texas Instruments
TXN
$241B
| $472M | 2.03% |
5,855,439
-264,067
| -4% | -$20.5M |
|
19
Occidental Petroleum
OXY
$61.3B
| $439M | 1.89% |
6,925,539
-751,319
| -10% | -$50M |
|
20
Liberty Global Class C
LBTYK
$3.55B
| $395M | 1.7% |
11,258,671
-614,550
| -5% | -$21.2M |
|
21
Visa
V
$693B
| $368M | 1.59% |
4,143,608
-103,414
| -2% | -$8.9M |
|
|
CTRA
22
DELISTED
Coterra Energy
CTRA
| $364M | 1.57% |
15,244,534
-269,594
| -2% | -$6.12M |
|
|
PX
23
DELISTED
Praxair Inc
PX
| $339M | 1.46% |
2,855,442
-102,088
| -3% | -$12M |
|
24
Capital One
COF
$134B
| $328M | 1.42% |
3,787,852
+117,432
| +3% | +$10.5M |
|
25
Aptiv
APTV
$10B
| $311M | 1.34% |
3,860,504
+35,547
| +0.9% | +$2.67M |
|
Similar funds
Christopher Davis's Q1 2017 Portfolio in Review
As of Q1 2017, Christopher Davis held 152 positions worth $23.2B, up 1.5% from $22.8B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Christopher Davis's Q1 2017 filing shows 10 new, 61 increased, 64 reduced and 11 closed positions. Its largest new stake was FedEx: 460,972 shares worth $90M. The largest sale was EQT Corp, an estimated $194M.
By sector, the portfolio is most concentrated in Financials at 37% of assets, down from 37% a quarter earlier, followed by Consumer Discretionary and Energy.
- Christopher Davis's largest Q1 2017 buy was FedEx: 460,972 shares worth $90M.
- Christopher Davis added most to APA Corp in Q1 2017, an estimated $129M increase.
- Christopher Davis's biggest Q1 2017 reduction was Amazon, cutting an estimated $153M.
- Christopher Davis fully exited EQT Corp in Q1 2017, selling an estimated $194M.
- Christopher Davis's ten largest holdings make up 48% of its $23.2B portfolio in Q1 2017.
- Christopher Davis opened 10 new positions and closed 11 in Q1 2017.
- Christopher Davis's portfolio value rose 1.5% quarter-over-quarter to $23.2B.
Based on Davis Selected Advisers's 13F filing for Q1 2017, filed 12 May 2017.