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 |
AGCO
AGCO
|
+$177M |
| 2 |
Quest Diagnostics
DGX
|
+$131M |
| 3 |
Markel Group
MKL
|
+$54.6M |
| 4 |
iShares S&P 500 Value ETF
IVE
|
+$19.7M |
| 5 |
MGM Resorts International
MGM
|
+$19.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$303M |
| 2 |
Owens Corning
OC
|
+$132M |
| 3 |
Applied Materials
AMAT
|
+$128M |
| 4 |
Amazon
AMZN
|
+$58.5M |
| 5 |
Berkshire Hathaway Class A
BRK.A
|
+$49.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 43.33% |
| 2 | Communication Services | 12.4% |
| 3 | Technology | 11.58% |
| 4 | Consumer Discretionary | 10.18% |
| 5 | Healthcare | 9.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Wells Fargo
WFC
$254B
| $1.44B | 8.16% |
29,354,991
-958,274
| -3% | -$41.4M |
|
2
Capital One
COF
$134B
| $1.43B | 8.07% |
10,891,619
-197,530
| -2% | -$21.3M |
|
|
3
Meta Platforms (Facebook)
META
$1.4T
| $1.4B | 7.92% |
3,957,652
-931,254
| -19% | -$303M |
|
|
4
Amazon
AMZN
$2.79T
| $1.07B | 6.02% |
7,013,917
-417,214
| -6% | -$58.5M |
|
|
5
Berkshire Hathaway Class A
BRK.A
$1.06T
| $1.02B | 5.77% |
1,883
-93
| -5% | -$49.6M |
|
|
6
Applied Materials
AMAT
$391B
| $962M | 5.44% |
5,937,245
-872,578
| -13% | -$128M |
|
7
JPMorgan Chase
JPM
$935B
| $679M | 3.84% |
3,993,234
-143,951
| -3% | -$21.8M |
|
8
Viatris
VTRS
$18.7B
| $679M | 3.83% |
62,661,728
-1,402,057
| -2% | -$13.4M |
|
9
US Bancorp
USB
$96.7B
| $662M | 3.74% |
15,286,371
-54,253
| -0.4% | -$1.98M |
|
|
BNY
10
Bank of New York Mellon
BNY
$108B
| $656M | 3.71% |
12,602,375
-394,096
| -3% | -$18.2M |
|
11
Teck Resources
TECK
$33.9B
| $540M | 3.05% |
12,769,491
-105,659
| -0.8% | -$4.06M |
|
12
Cigna
CI
$73.3B
| $495M | 2.8% |
1,653,283
-47,188
| -3% | -$13.8M |
|
13
Alphabet (Google) Class A
GOOGL
$4.22T
| $492M | 2.78% |
3,522,043
-46,167
| -1% | -$6.2M |
|
|
14
MGM Resorts International
MGM
$11B
| $462M | 2.61% |
10,332,109
+486,764
| +5% | +$19.1M |
|
15
Intel
INTC
$476B
| $454M | 2.57% |
9,035,759
-349,664
| -4% | -$14.2M |
|
16
Texas Instruments
TXN
$241B
| $452M | 2.55% |
2,650,737
-71,678
| -3% | -$11.1M |
|
|
17
Markel Group
MKL
$22.2B
| $427M | 2.41% |
300,604
+38,501
| +15% | +$54.6M |
|
|
18
Owens Corning
OC
$11.7B
| $398M | 2.25% |
2,685,808
-998,816
| -27% | -$132M |
|
|
19
Berkshire Hathaway Class B
BRK.B
$1.06T
| $392M | 2.21% |
1,098,843
-16,584
| -1% | -$5.82M |
|
|
20
Quest Diagnostics
DGX
$27B
| $368M | 2.08% |
2,666,564
+998,866
| +60% | +$131M |
|
21
Chubb
CB
$132B
| $316M | 1.79% |
1,399,886
-53,663
| -4% | -$11.7M |
|
|
22
AGCO
AGCO
$7.48B
| $184M | 1.04% |
+1,512,163
| New | +$177M |
|
23
American Express
AXP
$227B
| $169M | 0.96% |
903,491
-28,809
| -3% | -$4.64M |
|
24
Darling Ingredients
DAR
$10.4B
| $153M | 0.87% |
3,075,812
-33,337
| -1% | -$1.51M |
|
|
PPLI
25
People Inc
PPLI
$2.86B
| $152M | 0.86% |
3,547,845
-61,514
| -2% | -$2.41M |
|
Similar funds
Christopher Davis's Q4 2023 Portfolio in Review
As of Q4 2023, Christopher Davis held 105 positions worth $17.7B, up 11% from $15.9B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Christopher Davis withdrew a net $562M in Q4 2023, closing 2 positions and reducing 62 holdings. Its most notable exit was NETSTREIT Corp, an estimated $2.5M position sold in full.
By sector, the portfolio is most concentrated in Financials at 43% of assets, up from 42% a quarter earlier, followed by Communication Services and Technology.
Against the trend, Christopher Davis opened a new position in AGCO worth $184M.
- Christopher Davis's largest Q4 2023 buy was AGCO: 1,512,163 shares worth $184M.
- Christopher Davis added most to Quest Diagnostics in Q4 2023, an estimated $131M increase.
- Christopher Davis's biggest Q4 2023 reduction was Meta Platforms (Facebook), cutting an estimated $303M.
- Christopher Davis fully exited NETSTREIT Corp in Q4 2023, selling an estimated $2.5M.
- Christopher Davis's ten largest holdings make up 56% of its $17.7B portfolio in Q4 2023.
- Christopher Davis opened 1 new position and closed 2 in Q4 2023.
- Christopher Davis's portfolio value rose 11% quarter-over-quarter to $17.7B.
Based on Davis Selected Advisers's 13F filing for Q4 2023, filed 12 Feb 2024.