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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
+19.41%
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
$1.01B
AUM Growth
+$139M
Cap. Flow
-$23.8M
Cap. Flow %
-2.36%
Top 10 Hldgs %
57.08%
Holding
34
New
1
Increased
10
Reduced
5
Closed
3

Top Buys

Rank Stock Value
1
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$30.1M
2
BABA icon
Alibaba
BABA
+$26M
3
JLL icon
Jones Lang LaSalle
JLL
+$25.8M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$24.3M
5
META icon
Meta Platforms (Facebook)
META
+$20.9M

Top Sells

Rank Stock Value
1
AXP icon
American Express
AXP
+$59.6M
2
SBNY
Signature Bank
SBNY
+$48.2M
3
KKR icon
KKR & Co
KKR
+$36.9M
4
WAL icon
Western Alliance Bancorporation
WAL
+$12.7M
5
SFBS
ServisFirst Bancshares
SFBS
+$12.7M

Sector Composition

Rank Sector Weight
1 Financials 73.02%
2 Communication Services 15.02%
3 Consumer Discretionary 5.34%
4 Real Estate 4.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RJF icon
26
Raymond James Financial
RJF
$34.5B
$13.8M 1.36%
300,000
-120,750
-29% -$5.44M
WFC icon
27
Wells Fargo
WFC
$265B
$9.09M 0.9%
355
– –
WTRE
28
DELISTED
Watford Holdings Ltd. Common Shares
WTRE
$7.34M 0.73%
440,120
+89,460
+26% +$1.28M
AX icon
29
Axos Financial
AX
$5.63B
$4.38M 0.43%
198,428
– –
TSBK icon
30
Timberland Bancorp
TSBK
$350M
$2.09M 0.21%
114,850
+18,126
+19% +$316K
AXP icon
31
American Express
AXP
$229B
– –
-696,761
Closed -$59.6M
HOMB icon
32
Home BancShares
HOMB
$6.17B
– –
-585,607
Closed -$7.02M
IBTX
33
DELISTED
Independent Bank Group, Inc.
IBTX
– –
-472,776
Closed -$11.2M
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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Davis Asset Management's Q2 2020 Portfolio in Review

As of Q2 2020, Davis Asset Management held 34 positions worth $1.01B, up 16% from $870M the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Davis Asset Management's Q2 2020 filing shows 1 new, 10 increased, 5 reduced and 3 closed positions. Its largest new stake was Jones Lang LaSalle: 250,000 shares worth $25.9M. The largest sale was American Express, an estimated $59.6M.

By sector, the portfolio is most concentrated in Financials at 73% of assets, down from 85% a quarter earlier, followed by Communication Services and Consumer Discretionary.

  • Davis Asset Management's largest Q2 2020 buy was Jones Lang LaSalle: 250,000 shares worth $25.9M.
  • Davis Asset Management added most to Berkshire Hathaway Class B in Q2 2020, an estimated $30.1M increase.
  • Davis Asset Management's biggest Q2 2020 reduction was Signature Bank, cutting an estimated $48.2M.
  • Davis Asset Management fully exited American Express in Q2 2020, selling an estimated $59.6M.
  • Davis Asset Management's ten largest holdings make up 57% of its $1.01B portfolio in Q2 2020.
  • Davis Asset Management opened 1 new position and closed 3 in Q2 2020.
  • Davis Asset Management's portfolio value rose 16% quarter-over-quarter to $1.01B.

Based on Davis Asset Management's 13F filing for Q2 2020, filed 11 Aug 2020.