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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
+11.12%
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
$1.35B
AUM Growth
+$55.9M
Cap. Flow
-$77.4M
Cap. Flow %
-5.74%
Top 10 Hldgs %
56.19%
Holding
35
New
1
Increased
2
Reduced
7
Closed
2

Top Buys

Rank Stock Value
1
ACGL icon
Arch Capital
ACGL
+$5.19M
2
WTRE
Watford Holdings Ltd. Common Shares
WTRE
+$3.88M
3
TSBK icon
Timberland Bancorp
TSBK
+$115K

Top Sells

Rank Stock Value
1
JPM icon
JPMorgan Chase
JPM
+$29.4M
2
WFC icon
Wells Fargo
WFC
+$13.1M
3
COF icon
Capital One
COF
+$12.5M
4
MCO icon
Moody's
MCO
+$8.89M
5
MA icon
Mastercard
MA
+$7.05M

Sector Composition

Rank Sector Weight
1 Financials 90.2%
2 Communication Services 5.14%
3 Consumer Discretionary 1.97%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WAL icon
1
Western Alliance Bancorporation
WAL
$8.79B
$107M 7.93%
1,875,000
– –
SBNY
2
DELISTED
Signature Bank
SBNY
$102M 7.6%
750,000
– –
AXP icon
3
American Express
AXP
$228B
$87.1M 6.46%
700,000
– –
KKR icon
4
KKR & Co
KKR
$93.4B
$78.8M 5.84%
2,700,000
– –
WFC icon
5
Wells Fargo
WFC
$265B
$75.3M 5.59%
1,400,000
-250,000
-15% -$13.1M
V icon
6
Visa
V
$671B
$70.5M 5.23%
375,000
-25,000
-6% -$4.5M
BLK icon
7
Blackrock
BLK
$175B
$70.4M 5.22%
140,000
-10,000
-7% -$4.74M
USB icon
8
US Bancorp
USB
$99.9B
$59.3M 4.4%
1,000,000
– –
SFBS
9
ServisFirst Bancshares
SFBS
$4.83B
$56.5M 4.19%
1,500,000
– –
SIVB
10
DELISTED
SVB Financial Group
SIVB
$50.2M 3.72%
200,000
– –
SPGI icon
11
S&P Global
SPGI
$121B
$46.4M 3.44%
170,000
-10,000
-6% -$2.6M
OZK icon
12
Bank OZK
OZK
$5.6B
$42.7M 3.17%
1,400,000
– –
BRK.A icon
13
Berkshire Hathaway Class A
BRK.A
$1.14T
$40.8M 3.02%
120
– –
MCO icon
14
Moody's
MCO
$82.7B
$39.2M 2.91%
165,000
-40,000
-20% -$8.89M
MA icon
15
Mastercard
MA
$491B
$37.3M 2.77%
125,000
-25,000
-17% -$7.05M
META icon
16
Meta Platforms (Facebook)
META
$1.52T
$35.9M 2.66%
175,000
– –
CB icon
17
Chubb
CB
$134B
$35M 2.6%
225,000
-25,000
-10% -$3.83M
RJF icon
18
Raymond James Financial
RJF
$34.4B
$33.5M 2.49%
562,500
– –
GOOG icon
19
Alphabet (Google) Class C
GOOG
$4.34T
$33.4M 2.48%
500,000
– –
C icon
20
Citigroup
C
$228B
$32M 2.37%
400,000
– –
GS icon
21
Goldman Sachs
GS
$301B
$27.6M 2.05%
120,000
– –
BABA icon
22
Alibaba
BABA
$315B
$26.5M 1.97%
125,000
– –
ALTA
23
DELISTED
Altabancorp
ALTA
$22.6M 1.68%
750,000
– –
STL
24
DELISTED
Sterling Bancorp
STL
$21.1M 1.56%
1,000,000
– –
AMTD
25
DELISTED
TD Ameritrade Holding Corp
AMTD
$19.9M 1.47%
400,000
– –
1
2

Similar funds

PCM
PAR Capital Management Boston, Massachusetts $3.45B AUM 28.5% 1-Year Est. Return
RBA
Richard Bernstein Advisors New York $3.45B AUM 16.24% 1-Year Est. Return
JGC
J. Goldman & Co New York $3.44B AUM 33.82% 1-Year Est. Return
CIA
Caledonia Investments (Australia) Sydney NSW, Australia $3.44B AUM 20.03% 1-Year Est. Return
MSC
MUFG Securities (Canada) New York $3.48B AUM 45.13% 1-Year Est. Return
ACM
Aquatic Capital Management Chicago, Illinois $3.48B AUM 24.9% 1-Year Est. Return
DILIC
Dai-ichi Life Insurance Company Tokyo, Japan $3.49B AUM 27.28% 1-Year Est. Return
TCM
TCG Crossover Management Palo Alto, California $3.5B AUM 1,165.83% 1-Year Est. Return

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 Consumer Discretionary.

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.