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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
+11.12%
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
$1.35B
AUM Growth
+$55.9M
(+4.3%)
Cap. Flow
-$77.4M
Cap. Flow
% of AUM
-5.74%
Top 10 Holdings %
Top 10 Hldgs %
56.19%
Holding
35
New
1
Increased
2
Reduced
7
Closed
2
Avg Time Held
3.4
years
Top 10 Avg Time Held
3.3
years
Top 20 Avg Time Held
3.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Arch Capital
ACGL
|
+$5.19M |
| 2 |
Watford Holdings Ltd. Common Shares
WTRE
|
+$3.88M |
| 3 |
Timberland Bancorp
TSBK
|
+$115K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JPMorgan Chase
JPM
|
+$29.4M |
| 2 |
Wells Fargo
WFC
|
+$13.1M |
| 3 |
Capital One
COF
|
+$12.5M |
| 4 |
Moody's
MCO
|
+$8.89M |
| 5 |
Mastercard
MA
|
+$7.05M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 90.2% |
| 2 | Communication Services | 5.14% |
| 3 | Miscellaneous | 2.69% |
| 4 | Consumer Discretionary | 1.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Western Alliance Bancorporation
WAL
$8.11B
| $107M | 7.93% |
1,875,000
| – | – |
2018 Q4
4 quarters
|
|
|
SBNY
2
DELISTED
Signature Bank
SBNY
| $102M | 7.6% |
750,000
| – | – |
2016 Q3
13 quarters
|
|
3
American Express
AXP
$212B
| $87.1M | 6.46% |
700,000
| – | – |
2013 Q2
26 quarters
|
|
4
KKR & Co
KKR
$78.7B
| $78.8M | 5.84% |
2,700,000
| – | – |
2015 Q4
16 quarters
|
|
|
5
Wells Fargo
WFC
$248B
| $75.3M | 5.59% |
1,400,000
-250,000
| -15% | -$13.1M |
2014 Q3
21 quarters
|
|
6
Visa
V
$750B
| $70.5M | 5.23% |
375,000
-25,000
| -6% | -$4.5M |
2016 Q4
12 quarters
|
|
7
Blackrock
BLK
$174B
| $70.4M | 5.22% |
140,000
-10,000
| -7% | -$4.74M |
2014 Q3
21 quarters
|
|
8
US Bancorp
USB
$89.4B
| $59.3M | 4.4% |
1,000,000
| – | – |
2014 Q3
21 quarters
|
|
9
ServisFirst Bancshares
SFBS
$4.33B
| $56.5M | 4.19% |
3,000,000
| – | – |
2015 Q4
16 quarters
|
|
|
SIVB
10
DELISTED
SVB Financial Group
SIVB
| $50.2M | 3.72% |
200,000
| – | – |
2016 Q2
14 quarters
|
|
11
S&P Global
SPGI
$125B
| $46.4M | 3.44% |
170,000
-10,000
| -6% | -$2.6M |
2016 Q2
14 quarters
|
|
12
Bank OZK
OZK
$5B
| $42.7M | 3.17% |
1,400,000
| – | – |
2016 Q2
14 quarters
|
|
13
Berkshire Hathaway Class A
BRK.A
$1.13T
| $40.8M | 3.02% |
120
| – | – |
2013 Q2
26 quarters
|
|
|
14
Moody's
MCO
$83.8B
| $39.2M | 2.91% |
165,000
-40,000
| -20% | -$8.89M |
2014 Q3
21 quarters
|
|
|
15
Mastercard
MA
$540B
| $37.3M | 2.77% |
125,000
-25,000
| -17% | -$7.05M |
2013 Q2
26 quarters
|
|
16
Meta Platforms (Facebook)
META
$1.88T
| $35.9M | 2.66% |
175,000
| – | – |
2018 Q2
6 quarters
|
|
17
Chubb
CB
$136B
| $35M | 2.6% |
225,000
-25,000
| -10% | -$3.83M |
2018 Q2
6 quarters
|
|
18
Raymond James Financial
RJF
$30.3B
| $33.5M | 2.49% |
562,500
| – | – |
2018 Q1
7 quarters
|
|
19
Alphabet (Google) Class C
GOOG
$4.22T
| $33.4M | 2.48% |
500,000
| – | – |
2018 Q2
6 quarters
|
|
20
Citigroup
C
$207B
| $32M | 2.37% |
400,000
| – | – |
2017 Q3
9 quarters
|
|
21
Goldman Sachs
GS
$260B
| $27.6M | 2.05% |
120,000
| – | – |
2013 Q2
26 quarters
|
|
22
Alibaba
BABA
$276B
| $26.5M | 1.97% |
125,000
| – | – |
2018 Q3
5 quarters
|
|
|
ALTA
23
DELISTED
Altabancorp
ALTA
| $22.6M | 1.68% |
750,000
| – | – |
2017 Q1
11 quarters
|
|
|
STL
24
DELISTED
Sterling Bancorp
STL
| $21.1M | 1.56% |
1,000,000
| – | – |
2018 Q4
4 quarters
|
|
25
DELISTED
TD Ameritrade Holding Corp
AMTD
| $19.9M | 1.47% |
400,000
| – | – |
2013 Q2
26 quarters
|
|
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Davis Asset Management's Q4 2019 Portfolio in Review
As of Q4 2019, Davis Asset Management held 35 positions worth $1.35B, up 4.3% from $1.29B the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Davis Asset Management withdrew a net $77.4M in Q4 2019, closing 2 positions and reducing 7 holdings. Its most notable exit was JPMorgan Chase, an estimated $29.4M position sold in full.
By sector, the portfolio is most concentrated in Financials at 90% of assets, down from 91% a quarter earlier, followed by Communication Services and Miscellaneous.
Against the trend, Davis Asset Management opened a new position in Arch Capital worth $5.36M.
- Davis Asset Management's largest Q4 2019 buy was Arch Capital: 125,000 shares worth $5.36M.
- Davis Asset Management added most to Watford Holdings Ltd. Common Shares in Q4 2019, an estimated $3.88M increase.
- Davis Asset Management's biggest Q4 2019 reduction was Wells Fargo, cutting an estimated $13.1M.
- Davis Asset Management fully exited JPMorgan Chase in Q4 2019, selling an estimated $29.4M.
- Davis Asset Management's ten largest holdings make up 56% of its $1.35B portfolio in Q4 2019.
- Davis Asset Management opened 1 new position and closed 2 in Q4 2019.
- Davis Asset Management's portfolio value rose 4.3% quarter-over-quarter to $1.35B.
Based on Davis Asset Management's 13F filing for Q4 2019, filed 12 Feb 2020.