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 |
Viatris
VTRS
|
+$191M |
| 2 |
Cigna
CI
|
+$85.5M |
| 3 |
Davis Select US Equity ETF
DUSA
|
+$37.8M |
| 4 |
Alibaba
BABA
|
+$24.5M |
| 5 |
Chubb
CB
|
+$23.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$115M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$105M |
| 3 |
Quest Diagnostics
DGX
|
+$99.8M |
| 4 |
Applied Materials
AMAT
|
+$72.9M |
| 5 |
Amazon
AMZN
|
+$63.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 39.09% |
| 2 | Communication Services | 14.97% |
| 3 | Technology | 12.97% |
| 4 | Consumer Discretionary | 10.64% |
| 5 | Industrials | 8.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Capital One
COF
$134B
| $1.61B | 7.74% |
16,262,910
-174,449
| -1% | -$14.8M |
|
|
2
Applied Materials
AMAT
$391B
| $1.27B | 6.11% |
14,712,522
-986,126
| -6% | -$72.9M |
|
3
Wells Fargo
WFC
$254B
| $1.22B | 5.86% |
40,341,902
-1,065,242
| -3% | -$27.6M |
|
|
4
Alphabet (Google) Class C
GOOG
$4.18T
| $1.2B | 5.79% |
13,732,460
-1,244,240
| -8% | -$105M |
|
5
New Oriental
EDU
$8.88B
| $1.17B | 5.63% |
6,291,608
-161,212
| -2% | -$27.1M |
|
|
6
Amazon
AMZN
$2.79T
| $1.09B | 5.26% |
6,708,340
-398,080
| -6% | -$63.5M |
|
|
7
Meta Platforms (Facebook)
META
$1.4T
| $898M | 4.32% |
3,287,537
-418,626
| -11% | -$115M |
|
8
Berkshire Hathaway Class A
BRK.A
$1.06T
| $898M | 4.32% |
2,581
-67
| -3% | -$22.2M |
|
9
JPMorgan Chase
JPM
$935B
| $871M | 4.19% |
6,857,389
-289,068
| -4% | -$32.3M |
|
10
Carrier Global
CARR
$49.8B
| $822M | 3.96% |
21,800,651
-691,276
| -3% | -$25M |
|
|
11
Alibaba
BABA
$286B
| $796M | 3.83% |
3,419,998
+88,233
| +3% | +$24.5M |
|
12
RTX Corp
RTX
$283B
| $792M | 3.81% |
11,080,470
-42,367
| -0.4% | -$2.78M |
|
13
US Bancorp
USB
$96.7B
| $786M | 3.78% |
16,873,440
-287,259
| -2% | -$12.2M |
|
|
BNY
14
Bank of New York Mellon
BNY
$108B
| $656M | 3.16% |
15,460,941
-530,382
| -3% | -$20.4M |
|
15
Intel
INTC
$476B
| $631M | 3.04% |
12,673,355
-182,806
| -1% | -$8.93M |
|
16
American Express
AXP
$227B
| $616M | 2.96% |
5,091,902
-203,104
| -4% | -$22.5M |
|
17
Texas Instruments
TXN
$241B
| $562M | 2.7% |
3,422,904
-130,391
| -4% | -$20.3M |
|
|
18
Alphabet (Google) Class A
GOOGL
$4.22T
| $498M | 2.4% |
5,685,340
-259,100
| -4% | -$21.8M |
|
|
PPLI
19
People Inc
PPLI
$2.86B
| $416M | 2% |
4,023,406
-8,186
| -0.2% | -$627K |
|
|
20
Berkshire Hathaway Class B
BRK.B
$1.06T
| $352M | 1.7% |
1,519,087
-46,501
| -3% | -$10.2M |
|
|
21
Quest Diagnostics
DGX
$27B
| $349M | 1.68% |
2,927,958
-818,355
| -22% | -$99.8M |
|
|
22
Chubb
CB
$132B
| $284M | 1.37% |
1,846,071
+169,903
| +10% | +$23.8M |
|
23
JD.com
JD
$39.7B
| $279M | 1.34% |
3,176,497
-29,568
| -0.9% | -$2.47M |
|
|
24
Viatris
VTRS
$18.7B
| $220M | 1.06% |
+11,727,007
| New | +$191M |
|
25
Markel Group
MKL
$22.2B
| $204M | 0.98% |
197,477
-3,843
| -2% | -$3.83M |
|
Similar funds
Christopher Davis's Q4 2020 Portfolio in Review
As of Q4 2020, Christopher Davis held 116 positions worth $20.8B, up 16% from $18B the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Christopher Davis's Q4 2020 filing shows 2 new, 38 increased, 63 reduced and 7 closed positions. Its largest new stake was Viatris: 11,727,007 shares worth $220M. The largest sale was Meta Platforms (Facebook), an estimated $115M.
By sector, the portfolio is most concentrated in Financials at 39% of assets, up from 37% a quarter earlier, followed by Communication Services and Technology.
- Christopher Davis's largest Q4 2020 buy was Viatris: 11,727,007 shares worth $220M.
- Christopher Davis added most to Cigna in Q4 2020, an estimated $85.5M increase.
- Christopher Davis's biggest Q4 2020 reduction was Meta Platforms (Facebook), cutting an estimated $115M.
- Christopher Davis fully exited Adient in Q4 2020, selling an estimated $23.2M.
- Christopher Davis's ten largest holdings make up 53% of its $20.8B portfolio in Q4 2020.
- Christopher Davis opened 2 new positions and closed 7 in Q4 2020.
- Christopher Davis's portfolio value rose 16% quarter-over-quarter to $20.8B.
Based on Davis Selected Advisers's 13F filing for Q4 2020, filed 12 Feb 2021.