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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
-28.64%
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
$870M
AUM Growth
-$478M
Cap. Flow
-$79.5M
Cap. Flow %
-9.14%
Top 10 Hldgs %
57.82%
Holding
35
New
2
Increased
9
Reduced
13
Closed
2

Top Buys

Rank Stock Value
1
ACGL icon
Arch Capital
ACGL
+$35.5M
2
USB icon
US Bancorp
USB
+$26.5M
3
META icon
Meta Platforms (Facebook)
META
+$24.5M
4
IBTX
Independent Bank Group, Inc.
IBTX
+$21.7M
5
AVB icon
AvalonBay Communities
AVB
+$14.4M

Top Sells

Rank Stock Value
1
BLK icon
Blackrock
BLK
+$70.4M
2
WFC icon
Wells Fargo
WFC
+$59.5M
3
TCBI icon
Texas Capital Bancshares
TCBI
+$17M
4
V icon
Visa
V
+$14.1M
5
MA icon
Mastercard
MA
+$11.9M

Sector Composition

Rank Sector Weight
1 Financials 85.4%
2 Communication Services 9.09%
3 Consumer Discretionary 2.79%
4 Real Estate 1.21%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WAL icon
1
Western Alliance Bancorporation
WAL
$8.78B
$64.3M 7.39%
2,100,000
+225,000
+12% +$10.8M
AXP icon
2
American Express
AXP
$228B
$59.6M 6.86%
696,761
-3,239
-0.5% -$377K
SBNY
3
DELISTED
Signature Bank
SBNY
$59.4M 6.83%
739,443
-10,557
-1% -$1.33M
KKR icon
4
KKR & Co
KKR
$93.4B
$55.7M 6.4%
2,373,851
-326,149
-12% -$9.37M
USB icon
5
US Bancorp
USB
$99.9B
$53.4M 6.14%
1,550,000
+550,000
+55% +$26.5M
META icon
6
Meta Platforms (Facebook)
META
$1.52T
$50M 5.75%
300,000
+125,000
+71% +$24.5M
V icon
7
Visa
V
$671B
$48.3M 5.56%
300,000
-75,000
-20% -$14.1M
SFBS
8
ServisFirst Bancshares
SFBS
$4.83B
$42.7M 4.91%
1,456,000
-44,000
-3% -$1.54M
SPGI icon
9
S&P Global
SPGI
$121B
$36.8M 4.23%
150,000
-20,000
-12% -$5.49M
BRK.A icon
10
Berkshire Hathaway Class A
BRK.A
$1.14T
$32.6M 3.75%
120
– –
CB icon
11
Chubb
CB
$134B
$30.7M 3.53%
275,000
+50,000
+22% +$7.17M
GOOG icon
12
Alphabet (Google) Class C
GOOG
$4.34T
$29.1M 3.34%
500,000
– –
ACGL icon
13
Arch Capital
ACGL
$33.3B
$28.5M 3.27%
1,000,000
+875,000
+700% +$35.5M
SIVB
14
DELISTED
SVB Financial Group
SIVB
$26.7M 3.06%
176,410
-23,590
-12% -$5.19M
MCO icon
15
Moody's
MCO
$82.7B
$26.1M 3%
123,500
-41,500
-25% -$10.1M
BABA icon
16
Alibaba
BABA
$316B
$24.3M 2.79%
125,000
– –
MA icon
17
Mastercard
MA
$491B
$20.5M 2.36%
85,000
-40,000
-32% -$11.9M
GS icon
18
Goldman Sachs
GS
$301B
$18.6M 2.13%
120,000
– –
RJF icon
19
Raymond James Financial
RJF
$34.4B
$17.7M 2.04%
420,750
-141,750
-25% -$8M
C icon
20
Citigroup
C
$228B
$16.8M 1.94%
400,000
– –
OZK icon
21
Bank OZK
OZK
$5.6B
$16.6M 1.9%
992,115
-407,885
-29% -$10.5M
ALTA
22
DELISTED
Altabancorp
ALTA
$15.5M 1.79%
802,600
+52,600
+7% +$1.32M
AMTD
23
DELISTED
TD Ameritrade Holding Corp
AMTD
$13.9M 1.59%
400,000
– –
STL
24
DELISTED
Sterling Bancorp
STL
$13.1M 1.5%
1,250,000
+250,000
+25% +$4.31M
IBTX
25
DELISTED
Independent Bank Group, Inc.
IBTX
$11.2M 1.29%
+472,776
New +$21.7M
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 Q1 2020 Portfolio in Review

As of Q1 2020, Davis Asset Management held 35 positions worth $870M, down 35% from $1.35B the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Davis Asset Management withdrew a net $79.5M in Q1 2020, closing 2 positions and reducing 13 holdings. Its most notable exit was Blackrock, an estimated $70.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 85% of assets, down from 90% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Davis Asset Management opened a new position in Independent Bank Group, Inc. worth $11.2M.

  • Davis Asset Management's largest Q1 2020 buy was Independent Bank Group, Inc.: 472,776 shares worth $11.2M.
  • Davis Asset Management added most to Arch Capital in Q1 2020, an estimated $35.5M increase.
  • Davis Asset Management's biggest Q1 2020 reduction was Wells Fargo, cutting an estimated $59.5M.
  • Davis Asset Management fully exited Blackrock in Q1 2020, selling an estimated $70.4M.
  • Davis Asset Management's ten largest holdings make up 58% of its $870M portfolio in Q1 2020.
  • Davis Asset Management opened 2 new positions and closed 2 in Q1 2020.
  • Davis Asset Management's portfolio value fell 35% quarter-over-quarter to $870M.

Based on Davis Asset Management's 13F filing for Q1 2020, filed 12 May 2020.