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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
-28.64%
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
$870M
AUM Growth
-$478M
(-35%)
Cap. Flow
-$79.5M
Cap. Flow
% of AUM
-9.14%
Top 10 Holdings %
Top 10 Hldgs %
57.82%
Holding
35
New
2
Increased
9
Reduced
13
Closed
2
Avg Time Held
3.4
years
Top 10 Avg Time Held
2.4
years
Top 20 Avg Time Held
2.7
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Arch Capital
ACGL
|
+$35.5M |
| 2 |
US Bancorp
USB
|
+$26.5M |
| 3 |
Meta Platforms (Facebook)
META
|
+$24.5M |
| 4 |
Independent Bank Group, Inc.
IBTX
|
+$21.7M |
| 5 |
AvalonBay Communities
AVB
|
+$14.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Blackrock
BLK
|
+$70.4M |
| 2 |
Wells Fargo
WFC
|
+$59.5M |
| 3 |
Texas Capital Bancshares
TCBI
|
+$17M |
| 4 |
Visa
V
|
+$14.1M |
| 5 |
Mastercard
MA
|
+$11.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 85.4% |
| 2 | Communication Services | 9.09% |
| 3 | Consumer Discretionary | 2.79% |
| 4 | Miscellaneous | 1.51% |
| 5 | Real Estate | 1.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Western Alliance Bancorporation
WAL
$8.11B
| $64.3M | 7.39% |
2,100,000
+225,000
| +12% | +$10.8M |
2018 Q4
5 quarters
|
|
2
American Express
AXP
$212B
| $59.6M | 6.86% |
696,761
-3,239
| -0.5% | -$377K |
2013 Q2
27 quarters
|
|
|
SBNY
3
DELISTED
Signature Bank
SBNY
| $59.4M | 6.83% |
739,443
-10,557
| -1% | -$1.33M |
2016 Q3
14 quarters
|
|
4
KKR & Co
KKR
$78.7B
| $55.7M | 6.4% |
2,373,851
-326,149
| -12% | -$9.37M |
2015 Q4
17 quarters
|
|
|
5
US Bancorp
USB
$89.4B
| $53.4M | 6.14% |
1,550,000
+550,000
| +55% | +$26.5M |
2014 Q3
22 quarters
|
|
|
6
Meta Platforms (Facebook)
META
$1.88T
| $50M | 5.75% |
300,000
+125,000
| +71% | +$24.5M |
2018 Q2
7 quarters
|
|
|
7
Visa
V
$750B
| $48.3M | 5.56% |
300,000
-75,000
| -20% | -$14.1M |
2016 Q4
13 quarters
|
|
8
ServisFirst Bancshares
SFBS
$4.33B
| $42.7M | 4.91% |
2,912,000
-88,000
| -3% | -$1.54M |
2015 Q4
17 quarters
|
|
9
S&P Global
SPGI
$125B
| $36.8M | 4.23% |
150,000
-20,000
| -12% | -$5.49M |
2016 Q2
15 quarters
|
|
10
Berkshire Hathaway Class A
BRK.A
$1.13T
| $32.6M | 3.75% |
120
| – | – |
2013 Q2
27 quarters
|
|
11
Chubb
CB
$136B
| $30.7M | 3.53% |
275,000
+50,000
| +22% | +$7.17M |
2018 Q2
7 quarters
|
|
12
Alphabet (Google) Class C
GOOG
$4.22T
| $29.1M | 3.34% |
500,000
| – | – |
2018 Q2
7 quarters
|
|
|
13
Arch Capital
ACGL
$33.9B
| $28.5M | 3.27% |
1,000,000
+875,000
| +700% | +$35.5M |
2019 Q4
1 quarter
|
|
|
SIVB
14
DELISTED
SVB Financial Group
SIVB
| $26.7M | 3.06% |
176,410
-23,590
| -12% | -$5.19M |
2016 Q2
15 quarters
|
|
15
Moody's
MCO
$83.8B
| $26.1M | 3% |
123,500
-41,500
| -25% | -$10.1M |
2014 Q3
22 quarters
|
|
16
Alibaba
BABA
$276B
| $24.3M | 2.79% |
125,000
| – | – |
2018 Q3
6 quarters
|
|
|
17
Mastercard
MA
$540B
| $20.5M | 2.36% |
85,000
-40,000
| -32% | -$11.9M |
2013 Q2
27 quarters
|
|
18
Goldman Sachs
GS
$260B
| $18.6M | 2.13% |
120,000
| – | – |
2013 Q2
27 quarters
|
|
19
Raymond James Financial
RJF
$30.3B
| $17.7M | 2.04% |
420,750
-141,750
| -25% | -$8M |
2018 Q1
8 quarters
|
|
20
Citigroup
C
$207B
| $16.8M | 1.94% |
400,000
| – | – |
2017 Q3
10 quarters
|
|
21
Bank OZK
OZK
$5B
| $16.6M | 1.9% |
992,115
-407,885
| -29% | -$10.5M |
2016 Q2
15 quarters
|
|
|
ALTA
22
DELISTED
Altabancorp
ALTA
| $15.5M | 1.79% |
802,600
+52,600
| +7% | +$1.32M |
2017 Q1
12 quarters
|
|
23
DELISTED
TD Ameritrade Holding Corp
AMTD
| $13.9M | 1.59% |
400,000
| – | – |
2013 Q2
27 quarters
|
|
|
STL
24
DELISTED
Sterling Bancorp
STL
| $13.1M | 1.5% |
1,250,000
+250,000
| +25% | +$4.31M |
2018 Q4
5 quarters
|
|
|
25
DELISTED
Independent Bank Group, Inc.
IBTX
| $11.2M | 1.29% |
+472,776
| New | +$21.7M |
2020 Q1
0 quarters
|
|
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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.