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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
+0.38%
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
$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
–
Avg Time Held
3.4
years
Top 10 Avg Time Held
3.1
years
Top 20 Avg Time Held
2.9
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Western Alliance Bancorporation
WAL
|
+$7.9M |
| 2 |
ServisFirst Bancshares
SFBS
|
+$6.45M |
| 3 |
STL
Sterling Bancorp
STL
|
+$6.1M |
| 4 |
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 | Miscellaneous | 2.72% |
| 4 | Consumer Discretionary | 1.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
SBNY
1
DELISTED
Signature Bank
SBNY
| $89.4M | 6.92% |
750,000
| – | – |
2016 Q3
12 quarters
|
|
|
2
Western Alliance Bancorporation
WAL
$8.11B
| $86.4M | 6.69% |
1,875,000
+175,000
| +10% | +$7.9M |
2018 Q4
3 quarters
|
|
3
Wells Fargo
WFC
$248B
| $83.2M | 6.44% |
1,650,000
| – | – |
2014 Q3
20 quarters
|
|
4
American Express
AXP
$212B
| $82.8M | 6.41% |
700,000
| – | – |
2013 Q2
25 quarters
|
|
5
KKR & Co
KKR
$78.7B
| $72.5M | 5.61% |
2,700,000
| – | – |
2015 Q4
15 quarters
|
|
6
Visa
V
$750B
| $68.8M | 5.33% |
400,000
| – | – |
2016 Q4
11 quarters
|
|
7
Blackrock
BLK
$174B
| $66.8M | 5.17% |
150,000
| – | – |
2014 Q3
20 quarters
|
|
8
US Bancorp
USB
$89.4B
| $55.3M | 4.28% |
1,000,000
| – | – |
2014 Q3
20 quarters
|
|
|
9
ServisFirst Bancshares
SFBS
$4.33B
| $49.7M | 3.85% |
3,000,000
+400,000
| +15% | +$6.45M |
2015 Q4
15 quarters
|
|
10
S&P Global
SPGI
$125B
| $44.1M | 3.41% |
180,000
| – | – |
2016 Q2
13 quarters
|
|
11
Moody's
MCO
$83.8B
| $42M | 3.25% |
205,000
| – | – |
2014 Q3
20 quarters
|
|
|
SIVB
12
DELISTED
SVB Financial Group
SIVB
| $41.8M | 3.23% |
200,000
| – | – |
2016 Q2
13 quarters
|
|
13
Mastercard
MA
$540B
| $40.7M | 3.15% |
150,000
| – | – |
2013 Q2
25 quarters
|
|
14
Chubb
CB
$136B
| $40.4M | 3.12% |
250,000
| – | – |
2018 Q2
5 quarters
|
|
15
Bank OZK
OZK
$5B
| $38.2M | 2.95% |
1,400,000
| – | – |
2016 Q2
13 quarters
|
|
16
Berkshire Hathaway Class A
BRK.A
$1.13T
| $37.4M | 2.9% |
120
| – | – |
2013 Q2
25 quarters
|
|
17
Meta Platforms (Facebook)
META
$1.88T
| $31.2M | 2.41% |
175,000
| – | – |
2018 Q2
5 quarters
|
|
18
Raymond James Financial
RJF
$30.3B
| $30.9M | 2.39% |
562,500
| – | – |
2018 Q1
6 quarters
|
|
19
Alphabet (Google) Class C
GOOG
$4.22T
| $30.8M | 2.38% |
500,000
| – | – |
2018 Q2
5 quarters
|
|
20
JPMorgan Chase
JPM
$891B
| $29.4M | 2.28% |
250,000
| – | – |
2013 Q2
25 quarters
|
|
21
Citigroup
C
$207B
| $27.6M | 2.14% |
400,000
| – | – |
2017 Q3
8 quarters
|
|
22
Goldman Sachs
GS
$260B
| $24.9M | 1.92% |
120,000
| – | – |
2013 Q2
25 quarters
|
|
|
ALTA
23
DELISTED
Altabancorp
ALTA
| $21.2M | 1.64% |
750,000
| – | – |
2017 Q1
10 quarters
|
|
24
Alibaba
BABA
$276B
| $21.2M | 1.64% |
125,000
| – | – |
2018 Q3
4 quarters
|
|
|
STL
25
DELISTED
Sterling Bancorp
STL
| $20.1M | 1.55% |
1,000,000
+300,800
| +43% | +$6.1M |
2018 Q4
3 quarters
|
|
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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 Miscellaneous.
- 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.