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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
+18.45%
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
$2.06B
AUM Growth
+$348M
Cap. Flow
+$52.2M
Cap. Flow %
2.53%
Top 10 Hldgs %
56.39%
Holding
34
New
2
Increased
5
Reduced
3
Closed
1

Top Buys

Rank Stock Value
1
EQR icon
Equity Residential
EQR
+$57.9M
2
CRBG icon
Corebridge Financial
CRBG
+$41.3M
3
MTB icon
M&T Bank
MTB
+$11.9M
4
WBS icon
Webster Financial
WBS
+$10.8M
5
MKL icon
Markel Group
MKL
+$7.09M

Top Sells

Rank Stock Value
1
ACGL icon
Arch Capital
ACGL
+$44.9M
2
PACW
PacWest Bancorp
PACW
+$16.1M
3
GBCI icon
Glacier Bancorp
GBCI
+$13.7M
4
SFBS
ServisFirst Bancshares
SFBS
+$4.32M

Sector Composition

Rank Sector Weight
1 Financials 71.55%
2 Communication Services 15.44%
3 Industrials 6.78%
4 Real Estate 4.35%
5 Consumer Discretionary 1.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JLL icon
26
Jones Lang LaSalle
JLL
$16.4B
$28.3M 1.38%
150,000
– –
FSBC icon
27
Five Star Bancorp
FSBC
$1.13B
$26.5M 1.29%
1,011,500
+11,500
+1% +$252K
SSBK
28
DELISTED
Southern States Bancshares
SSBK
$22.7M 1.1%
774,046
– –
ABCB icon
29
Ameris Bancorp
ABCB
$5.88B
$21.2M 1.03%
400,000
– –
FCNCA icon
30
First Citizens BancShares
FCNCA
$25.4B
$20.1M 0.98%
14,200
– –
GBCI icon
31
Glacier Bancorp
GBCI
$6.35B
$16M 0.78%
386,749
-402,604
-51% -$13.7M
CCNE icon
32
CNB Financial Corp
CCNE
$1.02B
$13.6M 0.66%
600,000
+100,000
+20% +$2M
TSBK icon
33
Timberland Bancorp
TSBK
$350M
$5.49M 0.27%
174,476
– –
PACW
34
DELISTED
PacWest Bancorp
PACW
– –
-2,030,000
Closed -$16.1M
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 Q4 2023 Portfolio in Review

As of Q4 2023, Davis Asset Management held 34 positions worth $2.06B, up 20% from $1.71B the previous quarter. Its ten largest holdings account for 56% of the portfolio.

Davis Asset Management's Q4 2023 filing shows 2 new, 5 increased, 3 reduced and 1 closed positions. Its largest new stake was Equity Residential: 1,000,000 shares worth $61.2M. The largest sale was Arch Capital, an estimated $44.9M.

By sector, the portfolio is most concentrated in Financials at 72% of assets, up from 71% a quarter earlier, followed by Communication Services and Industrials.

  • Davis Asset Management's largest Q4 2023 buy was Equity Residential: 1,000,000 shares worth $61.2M.
  • Davis Asset Management added most to M&T Bank in Q4 2023, an estimated $11.9M increase.
  • Davis Asset Management's biggest Q4 2023 reduction was Arch Capital, cutting an estimated $44.9M.
  • Davis Asset Management fully exited PacWest Bancorp in Q4 2023, selling an estimated $16.1M.
  • Davis Asset Management's ten largest holdings make up 56% of its $2.06B portfolio in Q4 2023.
  • Davis Asset Management opened 2 new positions and closed 1 in Q4 2023.
  • Davis Asset Management's portfolio value rose 20% quarter-over-quarter to $2.06B.

Based on Davis Asset Management's 13F filing for Q4 2023, filed 12 Feb 2024.