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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
-1.15%
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
$1.56B
AUM Growth
-$235M
Cap. Flow
-$111M
Cap. Flow %
-7.1%
Top 10 Hldgs %
55.95%
Holding
33
New
2
Increased
5
Reduced
2
Closed
1

Top Buys

Rank Stock Value
1
WBS icon
Webster Financial
WBS
+$34.6M
2
MTB icon
M&T Bank
MTB
+$27.6M
3
FCNCA icon
First Citizens BancShares
FCNCA
+$10.5M
4
AX icon
Axos Financial
AX
+$8.1M
5
CCNE icon
CNB Financial Corp
CCNE
+$4.57M

Top Sells

Rank Stock Value
1
SBNY
Signature Bank
SBNY
+$127M
2
ACGL icon
Arch Capital
ACGL
+$65.7M
3
SFBS
ServisFirst Bancshares
SFBS
+$6.46M

Sector Composition

Rank Sector Weight
1 Financials 76.07%
2 Communication Services 10.54%
3 Industrials 7.43%
4 Consumer Discretionary 3.28%
5 Real Estate 1.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FSBC icon
26
Five Star Bancorp
FSBC
$1.12B
$21.3M 1.37%
1,000,000
+71,405
+8% +$1.85M
PACW
27
DELISTED
PacWest Bancorp
PACW
$19.8M 1.27%
2,030,000
– –
SSBK
28
DELISTED
Southern States Bancshares
SSBK
$18M 1.15%
797,244
– –
ABCB icon
29
Ameris Bancorp
ABCB
$5.84B
$14.6M 0.94%
400,000
– –
FCNCA icon
30
First Citizens BancShares
FCNCA
$25.4B
$13.8M 0.89%
+14,200
New +$10.5M
CCNE icon
31
CNB Financial Corp
CCNE
$1.01B
$7.68M 0.49%
400,076
+200,076
+100% +$4.57M
TSBK icon
32
Timberland Bancorp
TSBK
$352M
$4.71M 0.3%
174,476
– –
SBNY
33
DELISTED
Signature Bank
SBNY
– –
-1,100,000
Closed -$127M
1
2

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CIA
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MSC
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Davis Asset Management's Q1 2023 Portfolio in Review

As of Q1 2023, Davis Asset Management held 33 positions worth $1.56B, down 13% from $1.79B the previous quarter. Its ten largest holdings account for 56% of the portfolio.

Davis Asset Management withdrew a net $111M in Q1 2023, closing 1 position and reducing 2 holdings. Its most notable exit was Signature Bank, an estimated $127M position sold in full.

By sector, the portfolio is most concentrated in Financials at 76% of assets, down from 79% a quarter earlier, followed by Communication Services and Industrials.

Against the trend, Davis Asset Management opened a new position in M&T Bank worth $22.7M.

  • Davis Asset Management's largest Q1 2023 buy was M&T Bank: 190,000 shares worth $22.7M.
  • Davis Asset Management added most to Webster Financial in Q1 2023, an estimated $34.6M increase.
  • Davis Asset Management's biggest Q1 2023 reduction was Arch Capital, cutting an estimated $65.7M.
  • Davis Asset Management fully exited Signature Bank in Q1 2023, selling an estimated $127M.
  • Davis Asset Management's ten largest holdings make up 56% of its $1.56B portfolio in Q1 2023.
  • Davis Asset Management opened 2 new positions and closed 1 in Q1 2023.
  • Davis Asset Management's portfolio value fell 13% quarter-over-quarter to $1.56B.

Based on Davis Asset Management's 13F filing for Q1 2023, filed 11 May 2023.