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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
+5.1%
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
$2.11B
AUM Growth
+$179M
(+9.3%)
Cap. Flow
+$48.2M
Cap. Flow
% of AUM
2.28%
Top 10 Holdings %
Top 10 Hldgs %
59%
Holding
38
New
3
Increased
6
Reduced
1
Closed
5
Avg Time Held
3.7
years
Top 10 Avg Time Held
1.2
years
Top 20 Avg Time Held
2.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Global Payments
GPN
|
+$96.5M |
| 2 |
Glacier Bancorp
GBCI
|
+$44.7M |
| 3 |
Arch Capital
ACGL
|
+$21.2M |
| 4 |
State Street
STT
|
+$18.9M |
| 5 |
Southern States Bancshares
SSBK
|
+$15M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cadence Bancorporation
CADE
|
+$52.2M |
| 2 |
ALTA
Altabancorp
ALTA
|
+$42.9M |
| 3 |
Bank OZK
OZK
|
+$20.9M |
| 4 |
S&P Global
SPGI
|
+$20.5M |
| 5 |
Moody's
MCO
|
+$18.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 71.85% |
| 2 | Communication Services | 12.25% |
| 3 | Real Estate | 6.69% |
| 4 | Industrials | 6.4% |
| 5 | Consumer Discretionary | 2.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Western Alliance Bancorporation
WAL
$8.11B
| $187M | 8.84% |
1,736,035
| – | – |
2018 Q4
12 quarters
|
|
|
SBNY
2
DELISTED
Signature Bank
SBNY
| $162M | 7.65% |
500,000
| – | – |
2016 Q3
21 quarters
|
|
|
3
Global Payments
GPN
$22.3B
| $135M | 6.4% |
1,000,000
+700,000
| +233% | +$96.5M |
2021 Q3
1 quarter
|
|
4
Meta Platforms (Facebook)
META
$1.88T
| $135M | 6.37% |
400,000
| – | – |
2018 Q2
14 quarters
|
|
|
5
Arch Capital
ACGL
$33.9B
| $133M | 6.31% |
3,000,000
+500,000
| +20% | +$21.2M |
2019 Q4
8 quarters
|
|
6
Alphabet (Google) Class C
GOOG
$4.22T
| $124M | 5.89% |
860,000
| – | – |
2018 Q2
14 quarters
|
|
7
DELISTED
AvalonBay Communities
AVB
| $101M | 4.78% |
400,000
| – | – |
2020 Q1
7 quarters
|
|
|
PACW
8
DELISTED
PacWest Bancorp
PACW
| $91.7M | 4.34% |
2,030,000
| – | – |
2020 Q4
4 quarters
|
|
9
ServisFirst Bancshares
SFBS
$4.33B
| $91M | 4.31% |
2,143,364
| – | – |
2015 Q4
24 quarters
|
|
10
Chubb
CB
$136B
| $87M | 4.12% |
450,000
| – | – |
2018 Q2
14 quarters
|
|
11
KKR & Co
KKR
$78.7B
| $74.5M | 3.53% |
1,000,000
| – | – |
2015 Q4
24 quarters
|
|
12
US Bancorp
USB
$89.4B
| $68.4M | 3.23% |
1,217,174
| – | – |
2014 Q3
29 quarters
|
|
13
Visa
V
$750B
| $65M | 3.08% |
300,000
| – | – |
2016 Q4
20 quarters
|
|
14
Berkshire Hathaway Class B
BRK.B
$1.13T
| $59.8M | 2.83% |
200,000
| – | – |
2013 Q2
34 quarters
|
|
15
Alibaba
BABA
$276B
| $59.4M | 2.81% |
500,000
| – | – |
2018 Q3
13 quarters
|
|
16
Berkshire Hathaway Class A
BRK.A
$1.13T
| $59.1M | 2.8% |
120
| – | – |
2013 Q2
34 quarters
|
|
17
Goldman Sachs
GS
$260B
| $45.9M | 2.17% |
120,000
| – | – |
2013 Q2
34 quarters
|
|
|
18
Glacier Bancorp
GBCI
$5.7B
| $44.8M | 2.12% |
+789,353
| New | +$44.7M |
2021 Q4
0 quarters
|
|
19
Axos Financial
AX
$4.97B
| $41.9M | 1.98% |
750,000
+74,324
| +11% | +$4.16M |
2014 Q4
28 quarters
|
|
20
Jones Lang LaSalle
JLL
$14.3B
| $40.4M | 1.91% |
150,000
| – | – |
2020 Q2
6 quarters
|
|
21
Charles Schwab
SCHW
$163B
| $36.5M | 1.72% |
433,479
| – | – |
2020 Q4
4 quarters
|
|
22
Citigroup
C
$207B
| $36.2M | 1.71% |
600,000
| – | – |
2017 Q3
17 quarters
|
|
|
STL
23
DELISTED
Sterling Bancorp
STL
| $32.2M | 1.53% |
1,250,000
| – | – |
2018 Q4
12 quarters
|
|
24
Markel Group
MKL
$22.6B
| $30.9M | 1.46% |
25,000
| – | – |
2021 Q1
3 quarters
|
|
25
Mastercard
MA
$540B
| $30.5M | 1.45% |
85,000
| – | – |
2013 Q2
34 quarters
|
|
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Davis Asset Management's Q4 2021 Portfolio in Review
As of Q4 2021, Davis Asset Management held 38 positions worth $2.11B, up 9.3% from $1.93B the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Davis Asset Management's Q4 2021 filing shows 3 new, 6 increased, 1 reduced and 5 closed positions. Its largest new stake was Glacier Bancorp: 789,353 shares worth $44.8M. The largest sale was Cadence Bancorporation, an estimated $52.2M.
By sector, the portfolio is most concentrated in Financials at 72% of assets, down from 73% a quarter earlier, followed by Communication Services and Real Estate.
- Davis Asset Management's largest Q4 2021 buy was Glacier Bancorp: 789,353 shares worth $44.8M.
- Davis Asset Management added most to Global Payments in Q4 2021, an estimated $96.5M increase.
- Davis Asset Management's biggest Q4 2021 reduction was Bank OZK, cutting an estimated $20.9M.
- Davis Asset Management fully exited Cadence Bancorporation in Q4 2021, selling an estimated $52.2M.
- Davis Asset Management's ten largest holdings make up 59% of its $2.11B portfolio in Q4 2021.
- Davis Asset Management opened 3 new positions and closed 5 in Q4 2021.
- Davis Asset Management's portfolio value rose 9.3% quarter-over-quarter to $2.11B.
Based on Davis Asset Management's 13F filing for Q4 2021, filed 11 Feb 2022.