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DAM
Davis Asset Management Portfolio holdings
AUM
$3.95B
Turnover
6.82%
1-Year Est. Return
11.79%
This Fund
S&P 500
This Quarter
Est. Return
-16.95%
1 Year Est. Return
+11.79%
3 Year Est. Return
+97.29%
5 Year Est. Return
+74.22%
10 Year Est. Return
+413.43%
AUM
$990M
AUM Growth
-$100M
(-9.2%)
Cap. Flow
+$95.7M
Cap. Flow
% of AUM
9.67%
Top 10 Holdings %
Top 10 Hldgs %
55.14%
Holding
33
New
3
Increased
6
Reduced
1
Closed
1
Avg Time Held
3
years
Top 10 Avg Time Held
2.8
years
Top 20 Avg Time Held
2.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Western Alliance Bancorporation
WAL
|
+$23.6M |
| 2 |
Bank OZK
OZK
|
+$18M |
| 3 |
Texas Capital Bancshares
TCBI
|
+$12.6M |
| 4 |
STL
Sterling Bancorp
STL
|
+$11.2M |
| 5 |
ServisFirst Bancshares
SFBS
|
+$7.49M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GNBC
Green Bancorp, Inc
GNBC
|
+$400K |
| 2 |
Axos Financial
AX
|
+$118K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 93.68% |
| 2 | Communication Services | 4.93% |
| 3 | Consumer Discretionary | 1.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
SBNY
1
DELISTED
Signature Bank
SBNY
| $77.1M | 7.79% |
750,000
| – | – |
2016 Q3
9 quarters
|
|
2
Wells Fargo
WFC
$248B
| $76M | 7.68% |
1,650,000
| – | – |
2014 Q3
17 quarters
|
|
3
Blackrock
BLK
$174B
| $70.7M | 7.14% |
180,000
| – | – |
2014 Q3
17 quarters
|
|
4
American Express
AXP
$212B
| $66.7M | 6.74% |
700,000
| – | – |
2013 Q2
22 quarters
|
|
5
Visa
V
$750B
| $52.8M | 5.33% |
400,000
| – | – |
2016 Q4
8 quarters
|
|
6
KKR & Co
KKR
$78.7B
| $49.1M | 4.96% |
2,500,000
| – | – |
2015 Q4
12 quarters
|
|
7
US Bancorp
USB
$89.4B
| $45.7M | 4.62% |
1,000,000
| – | – |
2014 Q3
17 quarters
|
|
8
Capital One
COF
$122B
| $37.8M | 3.82% |
500,000
| – | – |
2013 Q4
20 quarters
|
|
9
Berkshire Hathaway Class A
BRK.A
$1.13T
| $36.7M | 3.71% |
120
| – | – |
2013 Q2
22 quarters
|
|
|
SIVB
10
DELISTED
SVB Financial Group
SIVB
| $33.2M | 3.36% |
175,000
+28,701
| +20% | +$7.02M |
2016 Q2
10 quarters
|
|
11
Chubb
CB
$136B
| $32.3M | 3.26% |
250,000
| – | – |
2018 Q2
2 quarters
|
|
|
12
Bank OZK
OZK
$5B
| $32M | 3.23% |
1,399,998
+649,998
| +87% | +$18M |
2016 Q2
10 quarters
|
|
13
S&P Global
SPGI
$125B
| $30.6M | 3.09% |
180,000
| – | – |
2016 Q2
10 quarters
|
|
14
Moody's
MCO
$83.8B
| $28.7M | 2.9% |
205,000
| – | – |
2014 Q3
17 quarters
|
|
|
15
ServisFirst Bancshares
SFBS
$4.33B
| $28.7M | 2.9% |
1,800,000
+416,400
| +30% | +$7.49M |
2015 Q4
12 quarters
|
|
16
Mastercard
MA
$540B
| $28.3M | 2.86% |
150,000
| – | – |
2013 Q2
22 quarters
|
|
17
Raymond James Financial
RJF
$30.3B
| $27.9M | 2.82% |
562,500
+112,500
| +25% | +$5.99M |
2018 Q1
3 quarters
|
|
18
Alphabet (Google) Class C
GOOG
$4.22T
| $25.9M | 2.62% |
500,000
| – | – |
2018 Q2
2 quarters
|
|
19
JPMorgan Chase
JPM
$891B
| $24.4M | 2.47% |
250,000
| – | – |
2013 Q2
22 quarters
|
|
20
Meta Platforms (Facebook)
META
$1.88T
| $22.9M | 2.32% |
175,000
+25,000
| +17% | +$3.62M |
2018 Q2
2 quarters
|
|
|
ALTA
21
DELISTED
Altabancorp
ALTA
| $22.6M | 2.28% |
750,000
| – | – |
2017 Q1
7 quarters
|
|
22
Citigroup
C
$207B
| $20.8M | 2.1% |
400,000
| – | – |
2017 Q3
5 quarters
|
|
23
Goldman Sachs
GS
$260B
| $20M | 2.02% |
120,000
| – | – |
2013 Q2
22 quarters
|
|
|
24
Western Alliance Bancorporation
WAL
$8.11B
| $19.7M | 1.99% |
+500,000
| New | +$23.6M |
2018 Q4
0 quarters
|
|
25
DELISTED
TD Ameritrade Holding Corp
AMTD
| $19.6M | 1.98% |
400,000
| – | – |
2013 Q2
22 quarters
|
|
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Davis Asset Management's Q4 2018 Portfolio in Review
As of Q4 2018, Davis Asset Management held 33 positions worth $990M, down 9.2% from $1.09B the previous quarter. Its ten largest holdings account for 55% of the portfolio.
Davis Asset Management deployed $95.7M of net new capital in Q4 2018, opening 3 new positions and adding to 6 existing holdings. Its largest new stake was Western Alliance Bancorporation: 500,000 shares worth $19.7M.
By sector, the portfolio is most concentrated in Financials at 94% of assets, up from 93% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was Axos Financial, an estimated $118K trimmed.
- Davis Asset Management's largest Q4 2018 buy was Western Alliance Bancorporation: 500,000 shares worth $19.7M.
- Davis Asset Management added most to Bank OZK in Q4 2018, an estimated $18M increase.
- Davis Asset Management's biggest Q4 2018 reduction was Axos Financial, cutting an estimated $118K.
- Davis Asset Management fully exited Green Bancorp, Inc in Q4 2018, selling an estimated $400K.
- Davis Asset Management's ten largest holdings make up 55% of its $990M portfolio in Q4 2018.
- Davis Asset Management opened 3 new positions and closed 1 in Q4 2018.
- Davis Asset Management's portfolio value fell 9.2% quarter-over-quarter to $990M.
Based on Davis Asset Management's 13F filing for Q4 2018, filed 12 Feb 2019.