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 |
Capital One
COF
|
+$347M |
| 2 |
FedEx
FDX
|
+$242M |
| 3 |
Y
Alleghany Corp
Y
|
+$46.4M |
| 4 |
HOLI
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
|
+$34.7M |
| 5 |
Wells Fargo
WFC
|
+$25.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MON
Monsanto Co
MON
|
+$550M |
| 2 |
Amazon
AMZN
|
+$169M |
| 3 |
JPMorgan Chase
JPM
|
+$152M |
| 4 |
Visa
V
|
+$95.4M |
| 5 |
UnitedHealth
UNH
|
+$66.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 38.79% |
| 2 | Consumer Discretionary | 13.4% |
| 3 | Communication Services | 12.27% |
| 4 | Energy | 10.41% |
| 5 | Industrials | 9.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Amazon
AMZN
$2.79T
| $1.5B | 6.57% |
31,015,200
-3,549,380
| -10% | -$169M |
|
|
2
Wells Fargo
WFC
$254B
| $1.44B | 6.3% |
25,966,811
+472,585
| +2% | +$25.3M |
|
|
3
JPMorgan Chase
JPM
$935B
| $1.23B | 5.4% |
13,507,258
-1,766,771
| -12% | -$152M |
|
4
Alphabet (Google) Class C
GOOG
$4.18T
| $1.08B | 4.73% |
23,815,900
-1,197,620
| -5% | -$54.8M |
|
5
Berkshire Hathaway Class A
BRK.A
$1.06T
| $1.07B | 4.67% |
4,187
-78
| -2% | -$19.5M |
|
|
BNY
6
Bank of New York Mellon
BNY
$108B
| $1.02B | 4.45% |
19,934,671
-1,066,636
| -5% | -$51M |
|
7
APA Corp
APA
$15.2B
| $1.01B | 4.4% |
20,985,516
-888,118
| -4% | -$43.8M |
|
8
American Express
AXP
$227B
| $952M | 4.16% |
11,297,163
-533,544
| -5% | -$42.2M |
|
9
RTX Corp
RTX
$283B
| $948M | 4.15% |
12,339,667
-579,322
| -4% | -$43.4M |
|
|
10
Alphabet (Google) Class A
GOOGL
$4.22T
| $696M | 3.05% |
14,983,200
-797,720
| -5% | -$37.3M |
|
|
11
Capital One
COF
$134B
| $666M | 2.91% |
8,061,905
+4,274,053
| +113% | +$347M |
|
|
AET
12
DELISTED
Aetna Inc
AET
| $604M | 2.64% |
3,980,111
-183,746
| -4% | -$26M |
|
13
Johnson Controls International
JCI
$86.7B
| $596M | 2.61% |
13,753,394
-639,413
| -4% | -$26.8M |
|
14
Ovintiv
OVV
$18.5B
| $595M | 2.6% |
13,514,401
-351,208
| -3% | -$18.2M |
|
15
Meta Platforms (Facebook)
META
$1.4T
| $531M | 2.32% |
3,513,904
-155,225
| -4% | -$23.1M |
|
16
Adient
ADNT
$1.54B
| $483M | 2.11% |
7,391,629
-173,557
| -2% | -$11.8M |
|
|
17
UnitedHealth
UNH
$350B
| $470M | 2.06% |
2,533,733
-380,290
| -13% | -$66.7M |
|
18
Texas Instruments
TXN
$241B
| $424M | 1.86% |
5,514,815
-340,624
| -6% | -$27.3M |
|
19
Occidental Petroleum
OXY
$61.3B
| $389M | 1.7% |
6,491,356
-434,183
| -6% | -$26.6M |
|
|
CTRA
20
DELISTED
Coterra Energy
CTRA
| $374M | 1.64% |
14,904,337
-340,197
| -2% | -$8.03M |
|
|
21
FedEx
FDX
$76.9B
| $366M | 1.6% |
1,684,618
+1,223,646
| +265% | +$242M |
|
|
PX
22
DELISTED
Praxair Inc
PX
| $350M | 1.53% |
2,637,592
-217,850
| -8% | -$27.9M |
|
23
Liberty Global Class C
LBTYK
$3.55B
| $330M | 1.45% |
10,595,142
-663,529
| -6% | -$20.7M |
|
24
Aptiv
APTV
$10B
| $326M | 1.43% |
3,717,769
-142,735
| -4% | -$11.9M |
|
|
25
Visa
V
$693B
| $292M | 1.28% |
3,115,409
-1,028,199
| -25% | -$95.4M |
|
Similar funds
Christopher Davis's Q2 2017 Portfolio in Review
As of Q2 2017, Christopher Davis held 146 positions worth $22.9B, down 1.4% from $23.2B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Christopher Davis withdrew a net $1.06B in Q2 2017, closing 4 positions and reducing 74 holdings. Its most notable exit was Bausch Health, an estimated $43.2M position sold in full.
By sector, the portfolio is most concentrated in Financials at 39% of assets, up from 37% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Christopher Davis opened a new position in Alleghany Corp worth $46.4M.
- Christopher Davis's largest Q2 2017 buy was Alleghany Corp: 77,974 shares worth $46.4M.
- Christopher Davis added most to Capital One in Q2 2017, an estimated $347M increase.
- Christopher Davis's biggest Q2 2017 reduction was Monsanto Co, cutting an estimated $550M.
- Christopher Davis fully exited Bausch Health in Q2 2017, selling an estimated $43.2M.
- Christopher Davis's ten largest holdings make up 48% of its $22.9B portfolio in Q2 2017.
- Christopher Davis opened 5 new positions and closed 4 in Q2 2017.
- Christopher Davis's portfolio value fell 1.4% quarter-over-quarter to $22.9B.
Based on Davis Selected Advisers's 13F filing for Q2 2017, filed 9 Aug 2017.