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 |
Carrier Global
CARR
|
+$568M |
| 2 |
WUBA
58.com Inc
WUBA
|
+$46.9M |
| 3 |
Wells Fargo
WFC
|
+$25.4M |
| 4 |
BNY
Bank of New York Mellon
BNY
|
+$23.9M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$18.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTX Corp
RTX
|
+$163M |
| 2 |
RTN
Raytheon Company
RTN
|
+$136M |
| 3 |
Oracle
ORCL
|
+$97.1M |
| 4 |
APA Corp
APA
|
+$86.9M |
| 5 |
Booking.com
BKNG
|
+$72.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 34.78% |
| 2 | Communication Services | 16.32% |
| 3 | Consumer Discretionary | 14.53% |
| 4 | Technology | 12.57% |
| 5 | Industrials | 9.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Amazon
AMZN
$2.79T
| $1.46B | 8.44% |
10,580,680
-207,780
| -2% | -$25.1M |
|
2
Alphabet (Google) Class C
GOOG
$4.18T
| $1.12B | 6.45% |
15,787,420
-228,580
| -1% | -$15.4M |
|
3
Capital One
COF
$134B
| $1.01B | 5.85% |
16,159,701
+165,038
| +1% | +$10.3M |
|
4
Applied Materials
AMAT
$391B
| $984M | 5.69% |
16,280,279
-61,761
| -0.4% | -$3.33M |
|
5
Meta Platforms (Facebook)
META
$1.4T
| $948M | 5.48% |
4,173,578
-14,676
| -0.4% | -$3.06M |
|
6
New Oriental
EDU
$8.88B
| $882M | 5.1% |
6,769,946
-5,271
| -0.1% | -$642K |
|
7
Alibaba
BABA
$286B
| $771M | 4.46% |
3,573,826
-7,118
| -0.2% | -$1.48M |
|
|
8
Berkshire Hathaway Class A
BRK.A
$1.06T
| $741M | 4.29% |
2,774
-35
| -1% | -$9.59M |
|
|
9
Wells Fargo
WFC
$254B
| $731M | 4.23% |
28,566,052
+929,961
| +3% | +$25.4M |
|
|
10
RTX Corp
RTX
$283B
| $694M | 4.02% |
11,266,678
-2,609,803
| -19% | -$163M |
|
11
JPMorgan Chase
JPM
$935B
| $692M | 4% |
7,351,742
+120,847
| +2% | +$11.5M |
|
|
12
Carrier Global
CARR
$49.8B
| $679M | 3.93% |
+30,575,476
| New | +$568M |
|
|
BNY
13
Bank of New York Mellon
BNY
$108B
| $621M | 3.59% |
16,070,508
+653,317
| +4% | +$23.9M |
|
|
14
Alphabet (Google) Class A
GOOGL
$4.22T
| $574M | 3.32% |
8,096,960
-190,600
| -2% | -$12.9M |
|
15
American Express
AXP
$227B
| $523M | 3.02% |
5,489,626
+93,100
| +2% | +$8.57M |
|
16
Intel
INTC
$476B
| $507M | 2.93% |
8,469,465
+69,043
| +0.8% | +$4.13M |
|
17
US Bancorp
USB
$96.7B
| $494M | 2.86% |
13,424,011
+321,855
| +2% | +$11.5M |
|
18
Texas Instruments
TXN
$241B
| $465M | 2.69% |
3,661,844
-22,426
| -0.6% | -$2.62M |
|
19
Quest Diagnostics
DGX
$27B
| $442M | 2.55% |
3,874,574
+7,716
| +0.2% | +$818K |
|
|
20
Berkshire Hathaway Class B
BRK.B
$1.06T
| $285M | 1.65% |
1,598,717
+102,257
| +7% | +$18.7M |
|
21
JD.com
JD
$39.7B
| $224M | 1.3% |
3,725,224
-378,863
| -9% | -$19.2M |
|
22
Chubb
CB
$132B
| $222M | 1.28% |
1,753,296
+12,241
| +0.7% | +$1.42M |
|
23
Markel Group
MKL
$22.2B
| $192M | 1.11% |
207,800
+2,500
| +1% | +$2.27M |
|
24
Microsoft
MSFT
$3.59T
| $114M | 0.66% |
561,829
-13,910
| -2% | -$2.53M |
|
|
WUBA
25
DELISTED
58.com Inc
WUBA
| $98.3M | 0.57% |
1,821,925
+909,327
| +100% | +$46.9M |
|
Similar funds
Christopher Davis's Q2 2020 Portfolio in Review
As of Q2 2020, Christopher Davis held 130 positions worth $17.3B, up 17% from $14.8B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Christopher Davis's Q2 2020 filing shows 8 new, 49 increased, 35 reduced and 11 closed positions. Its largest new stake was Carrier Global: 30,575,476 shares worth $679M. The largest sale was RTX Corp, an estimated $163M.
By sector, the portfolio is most concentrated in Financials at 35% of assets, down from 37% a quarter earlier, followed by Communication Services and Consumer Discretionary.
- Christopher Davis's largest Q2 2020 buy was Carrier Global: 30,575,476 shares worth $679M.
- Christopher Davis added most to 58.com Inc in Q2 2020, an estimated $46.9M increase.
- Christopher Davis's biggest Q2 2020 reduction was RTX Corp, cutting an estimated $163M.
- Christopher Davis fully exited Raytheon Company in Q2 2020, selling an estimated $136M.
- Christopher Davis's ten largest holdings make up 54% of its $17.3B portfolio in Q2 2020.
- Christopher Davis opened 8 new positions and closed 11 in Q2 2020.
- Christopher Davis's portfolio value rose 17% quarter-over-quarter to $17.3B.
Based on Davis Selected Advisers's 13F filing for Q2 2020, filed 12 Aug 2020.