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DAM
Davis Asset Management Portfolio holdings
AUM
$3.46B
1-Year Est. Return
9.77%
This Fund
S&P 500
This Quarter
Est. Return
+0.38%
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
$1.29B
AUM Growth
+$30.4M
(+2.4%)
Cap. Flow
+$33.1M
Cap. Flow
% of AUM
2.56%
Top 10 Holdings %
Top 10 Hldgs %
54.11%
Holding
34
New
1
Increased
5
Reduced
–
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Western Alliance Bancorporation
WAL
|
+$7.9M |
| 2 |
SFBS
ServisFirst Bancshares
SFBS
|
+$6.45M |
| 3 |
STL
Sterling Bancorp
STL
|
+$6.1M |
| 4 |
WTRE
Watford Holdings Ltd. Common Shares
WTRE
|
+$3.76M |
| 5 |
Timberland Bancorp
TSBK
|
+$101K |
Top Sells
No sells this quarter
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 90.85% |
| 2 | Communication Services | 4.8% |
| 3 | Consumer Discretionary | 1.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SBNY
1
DELISTED
Signature Bank
SBNY
| $89.4M | 6.92% |
750,000
| – | – |
|
|
2
Western Alliance Bancorporation
WAL
$8.78B
| $86.4M | 6.69% |
1,875,000
+175,000
| +10% | +$7.9M |
|
3
Wells Fargo
WFC
$265B
| $83.2M | 6.44% |
1,650,000
| – | – |
|
4
American Express
AXP
$228B
| $82.8M | 6.41% |
700,000
| – | – |
|
5
KKR & Co
KKR
$93.4B
| $72.5M | 5.61% |
2,700,000
| – | – |
|
6
Visa
V
$671B
| $68.8M | 5.33% |
400,000
| – | – |
|
7
Blackrock
BLK
$175B
| $66.8M | 5.17% |
150,000
| – | – |
|
8
US Bancorp
USB
$99.9B
| $55.3M | 4.28% |
1,000,000
| – | – |
|
|
SFBS
9
ServisFirst Bancshares
SFBS
$4.83B
| $49.7M | 3.85% |
1,500,000
+200,000
| +15% | +$6.45M |
|
10
S&P Global
SPGI
$121B
| $44.1M | 3.41% |
180,000
| – | – |
|
11
Moody's
MCO
$82.7B
| $42M | 3.25% |
205,000
| – | – |
|
|
SIVB
12
DELISTED
SVB Financial Group
SIVB
| $41.8M | 3.23% |
200,000
| – | – |
|
13
Mastercard
MA
$491B
| $40.7M | 3.15% |
150,000
| – | – |
|
14
Chubb
CB
$134B
| $40.4M | 3.12% |
250,000
| – | – |
|
15
Bank OZK
OZK
$5.6B
| $38.2M | 2.95% |
1,400,000
| – | – |
|
16
Berkshire Hathaway Class A
BRK.A
$1.14T
| $37.4M | 2.9% |
120
| – | – |
|
17
Meta Platforms (Facebook)
META
$1.52T
| $31.2M | 2.41% |
175,000
| – | – |
|
18
Raymond James Financial
RJF
$34.4B
| $30.9M | 2.39% |
562,500
| – | – |
|
19
Alphabet (Google) Class C
GOOG
$4.34T
| $30.8M | 2.38% |
500,000
| – | – |
|
20
JPMorgan Chase
JPM
$953B
| $29.4M | 2.28% |
250,000
| – | – |
|
21
Citigroup
C
$228B
| $27.6M | 2.14% |
400,000
| – | – |
|
22
Goldman Sachs
GS
$301B
| $24.9M | 1.92% |
120,000
| – | – |
|
|
ALTA
23
DELISTED
Altabancorp
ALTA
| $21.2M | 1.64% |
750,000
| – | – |
|
24
Alibaba
BABA
$316B
| $21.2M | 1.64% |
125,000
| – | – |
|
|
STL
25
DELISTED
Sterling Bancorp
STL
| $20.1M | 1.55% |
1,000,000
+300,800
| +43% | +$6.1M |
|
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Davis Asset Management's Q3 2019 Portfolio in Review
As of Q3 2019, Davis Asset Management held 34 positions worth $1.29B, up 2.4% from $1.26B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Trading was light in Q3 2019: portfolio turnover was 2.9%. Davis Asset Management opened 1 new position and made no exits, leaving the 34-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 91% of assets, down from 91% a quarter earlier, followed by Communication Services and Consumer Discretionary.
- Davis Asset Management's largest Q3 2019 buy was Watford Holdings Ltd. Common Shares: 154,177 shares worth $4.16M.
- Davis Asset Management added most to Western Alliance Bancorporation in Q3 2019, an estimated $7.9M increase.
- Davis Asset Management's ten largest holdings make up 54% of its $1.29B portfolio in Q3 2019.
- Davis Asset Management opened 1 new position and closed 0 in Q3 2019.
- Davis Asset Management's portfolio value rose 2.4% quarter-over-quarter to $1.29B.
Based on Davis Asset Management's 13F filing for Q3 2019, filed 8 Nov 2019.