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Davis Asset Management Portfolio holdings

AUM $3.46B
1-Year Est. Return 9.77%
This Fund
S&P 500
This Quarter Est. Return
-28.64%
1 Year Est. Return
+9.77%
3 Year Est. Return
+89.76%
5 Year Est. Return
+72.14%
10 Year Est. Return
+357.84%
AUM
$870M
AUM Growth
-$478M
Cap. Flow
-$79.5M
Cap. Flow %
-9.14%
Top 10 Hldgs %
57.82%
Holding
35
New
2
Increased
9
Reduced
13
Closed
2

Top Buys

Rank Stock Value
1
ACGL icon
Arch Capital
ACGL
+$35.5M
2
USB icon
US Bancorp
USB
+$26.5M
3
META icon
Meta Platforms (Facebook)
META
+$24.5M
4
IBTX
Independent Bank Group, Inc.
IBTX
+$21.7M
5
AVB icon
AvalonBay Communities
AVB
+$14.4M

Top Sells

Rank Stock Value
1
BLK icon
Blackrock
BLK
+$70.4M
2
WFC icon
Wells Fargo
WFC
+$59.5M
3
TCBI icon
Texas Capital Bancshares
TCBI
+$17M
4
V icon
Visa
V
+$14.1M
5
MA icon
Mastercard
MA
+$11.9M

Sector Composition

Rank Sector Weight
1 Financials 85.4%
2 Communication Services 9.09%
3 Consumer Discretionary 2.79%
4 Real Estate 1.21%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AVB icon
26
AvalonBay Communities
AVB
$26.3B
$10.5M 1.21%
+71,278
New +$14.4M
WFC icon
27
Wells Fargo
WFC
$265B
$10.2M 1.17%
355
-1,399,645
-100% -$59.5M
HOMB icon
28
Home BancShares
HOMB
$6.17B
$7.02M 0.81%
585,607
-114,393
-16% -$1.98M
BRK.B icon
29
Berkshire Hathaway Class B
BRK.B
$1.14T
$6.4M 0.74%
35,000
– –
WTRE
30
DELISTED
Watford Holdings Ltd. Common Shares
WTRE
$5.14M 0.59%
350,660
+50,660
+17% +$1.11M
AX icon
31
Axos Financial
AX
$5.63B
$3.6M 0.41%
198,428
– –
TSBK icon
32
Timberland Bancorp
TSBK
$350M
$1.77M 0.2%
96,724
+2,446
+3% +$61K
BLK icon
33
Blackrock
BLK
$175B
– –
-140,000
Closed -$70.4M
TCBI icon
34
Texas Capital Bancshares
TCBI
$4.32B
– –
-300,000
Closed -$17M
1
2

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JGC
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CIA
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MSC
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ACM
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DILIC
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TCM
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Davis Asset Management's Q1 2020 Portfolio in Review

As of Q1 2020, Davis Asset Management held 35 positions worth $870M, down 35% from $1.35B the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Davis Asset Management withdrew a net $79.5M in Q1 2020, closing 2 positions and reducing 13 holdings. Its most notable exit was Blackrock, an estimated $70.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 85% of assets, down from 90% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Davis Asset Management opened a new position in Independent Bank Group, Inc. worth $11.2M.

  • Davis Asset Management's largest Q1 2020 buy was Independent Bank Group, Inc.: 472,776 shares worth $11.2M.
  • Davis Asset Management added most to Arch Capital in Q1 2020, an estimated $35.5M increase.
  • Davis Asset Management's biggest Q1 2020 reduction was Wells Fargo, cutting an estimated $59.5M.
  • Davis Asset Management fully exited Blackrock in Q1 2020, selling an estimated $70.4M.
  • Davis Asset Management's ten largest holdings make up 58% of its $870M portfolio in Q1 2020.
  • Davis Asset Management opened 2 new positions and closed 2 in Q1 2020.
  • Davis Asset Management's portfolio value fell 35% quarter-over-quarter to $870M.

Based on Davis Asset Management's 13F filing for Q1 2020, filed 12 May 2020.