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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
+30.43%
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
$1.45B
AUM Growth
+$362M
(+33%)
Cap. Flow
+$68.8M
Cap. Flow
% of AUM
4.73%
Top 10 Holdings %
Top 10 Hldgs %
53.27%
Holding
34
New
2
Increased
7
Reduced
1
Closed
2
Avg Time Held
3.6
years
Top 10 Avg Time Held
1.4
years
Top 20 Avg Time Held
2.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PACW
PacWest Bancorp
PACW
|
+$45.3M |
| 2 |
Charles Schwab
SCHW
|
+$19.6M |
| 3 |
Arch Capital
ACGL
|
+$16.4M |
| 4 |
SBNY
Signature Bank
SBNY
|
+$15.7M |
| 5 |
Citigroup
C
|
+$10.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SIVB
SVB Financial Group
SIVB
|
+$16.7M |
| 2 |
TD Ameritrade Holding Corp
AMTD
|
+$15.7M |
| 3 |
Watford Holdings Ltd. Common Shares
WTRE
|
+$13.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 71.78% |
| 2 | Communication Services | 12.69% |
| 3 | Real Estate | 8.49% |
| 4 | Consumer Discretionary | 4% |
| 5 | Miscellaneous | 3.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Meta Platforms (Facebook)
META
$1.88T
| $109M | 7.51% |
400,000
| – | – |
2018 Q2
10 quarters
|
|
2
Western Alliance Bancorporation
WAL
$8.11B
| $104M | 7.16% |
1,736,035
| – | – |
2018 Q4
8 quarters
|
|
3
US Bancorp
USB
$89.4B
| $81.1M | 5.58% |
1,741,141
| – | – |
2014 Q3
25 quarters
|
|
4
Alphabet (Google) Class C
GOOG
$4.22T
| $75.3M | 5.18% |
860,000
| – | – |
2018 Q2
10 quarters
|
|
|
SBNY
5
DELISTED
Signature Bank
SBNY
| $74.4M | 5.12% |
550,000
+150,000
| +38% | +$15.7M |
2016 Q3
17 quarters
|
|
|
6
Arch Capital
ACGL
$33.9B
| $72.1M | 4.96% |
2,000,000
+500,000
| +33% | +$16.4M |
2019 Q4
4 quarters
|
|
7
Chubb
CB
$136B
| $69.3M | 4.76% |
450,000
| – | – |
2018 Q2
10 quarters
|
|
8
Visa
V
$750B
| $65.6M | 4.51% |
300,000
| – | – |
2016 Q4
16 quarters
|
|
9
DELISTED
AvalonBay Communities
AVB
| $64.2M | 4.41% |
400,000
| – | – |
2020 Q1
3 quarters
|
|
10
Jones Lang LaSalle
JLL
$14.3B
| $59.3M | 4.08% |
400,000
| – | – |
2020 Q2
2 quarters
|
|
11
Alibaba
BABA
$276B
| $58.2M | 4% |
250,000
| – | – |
2018 Q3
9 quarters
|
|
|
PACW
12
DELISTED
PacWest Bancorp
PACW
| $51.6M | 3.55% |
+2,030,000
| New | +$45.3M |
2020 Q4
0 quarters
|
|
|
SIVB
13
DELISTED
SVB Financial Group
SIVB
| $48.5M | 3.33% |
125,000
-51,410
| -29% | -$16.7M |
2016 Q2
18 quarters
|
|
14
Berkshire Hathaway Class B
BRK.B
$1.13T
| $46.4M | 3.19% |
200,000
| – | – |
2013 Q2
30 quarters
|
|
15
ServisFirst Bancshares
SFBS
$4.33B
| $43.2M | 2.97% |
2,143,364
| – | – |
2015 Q4
20 quarters
|
|
16
Berkshire Hathaway Class A
BRK.A
$1.13T
| $41.7M | 2.87% |
120
| – | – |
2013 Q2
30 quarters
|
|
17
KKR & Co
KKR
$78.7B
| $40.5M | 2.78% |
1,000,000
| – | – |
2015 Q4
20 quarters
|
|
|
18
Citigroup
C
$207B
| $37M | 2.54% |
600,000
+200,000
| +50% | +$10.2M |
2017 Q3
13 quarters
|
|
19
Goldman Sachs
GS
$260B
| $31.6M | 2.18% |
120,000
| – | – |
2013 Q2
30 quarters
|
|
20
Bank OZK
OZK
$5B
| $31M | 2.13% |
992,115
| – | – |
2016 Q2
18 quarters
|
|
21
Mastercard
MA
$540B
| $30.3M | 2.09% |
85,000
| – | – |
2013 Q2
30 quarters
|
|
|
ALTA
22
DELISTED
Altabancorp
ALTA
| $27.6M | 1.9% |
990,283
+16,964
| +2% | +$431K |
2017 Q1
15 quarters
|
|
23
Axos Financial
AX
$4.97B
| $25.4M | 1.74% |
675,676
+87,700
| +15% | +$2.77M |
2014 Q4
24 quarters
|
|
|
24
Charles Schwab
SCHW
$163B
| $23M | 1.58% |
+433,479
| New | +$19.6M |
2020 Q4
0 quarters
|
|
|
STL
25
DELISTED
Sterling Bancorp
STL
| $22.5M | 1.55% |
1,250,000
| – | – |
2018 Q4
8 quarters
|
|
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Davis Asset Management's Q4 2020 Portfolio in Review
As of Q4 2020, Davis Asset Management held 34 positions worth $1.45B, up 33% from $1.09B the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Davis Asset Management deployed $68.8M of net new capital in Q4 2020, opening 2 new positions and adding to 7 existing holdings. Its largest new stake was PacWest Bancorp: 2,030,000 shares worth $51.6M.
By sector, the portfolio is most concentrated in Financials at 72% of assets, up from 67% a quarter earlier, followed by Communication Services and Real Estate.
On the sell side, the largest reduction was SVB Financial Group, an estimated $16.7M trimmed.
- Davis Asset Management's largest Q4 2020 buy was PacWest Bancorp: 2,030,000 shares worth $51.6M.
- Davis Asset Management added most to Arch Capital in Q4 2020, an estimated $16.4M increase.
- Davis Asset Management's biggest Q4 2020 reduction was SVB Financial Group, cutting an estimated $16.7M.
- Davis Asset Management fully exited TD Ameritrade Holding Corp in Q4 2020, selling an estimated $15.7M.
- Davis Asset Management's ten largest holdings make up 53% of its $1.45B portfolio in Q4 2020.
- Davis Asset Management opened 2 new positions and closed 2 in Q4 2020.
- Davis Asset Management's portfolio value rose 33% quarter-over-quarter to $1.45B.
Based on Davis Asset Management's 13F filing for Q4 2020, filed 16 Feb 2021.