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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
-18.09%
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
$1.76B
AUM Growth
-$288M
(-14%)
Cap. Flow
+$106M
Cap. Flow
% of AUM
6.06%
Top 10 Holdings %
Top 10 Hldgs %
59.41%
Holding
33
New
–
Increased
7
Reduced
1
Closed
3
Avg Time Held
3.9
years
Top 10 Avg Time Held
1.4
years
Top 20 Avg Time Held
3.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SBNY
Signature Bank
SBNY
|
+$67.2M |
| 2 |
State Street
STT
|
+$56.6M |
| 3 |
Western Alliance Bancorporation
WAL
|
+$21M |
| 4 |
Carlyle Group
CG
|
+$19.2M |
| 5 |
TriCo Bancshares
TCBK
|
+$12.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Citigroup
C
|
+$32M |
| 2 |
Wells Fargo
WFC
|
+$17.2M |
| 3 |
Bank OZK
OZK
|
+$16.6M |
| 4 |
US Bancorp
USB
|
+$10.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 77.53% |
| 2 | Communication Services | 10.81% |
| 3 | Industrials | 6.93% |
| 4 | Consumer Discretionary | 3.24% |
| 5 | Real Estate | 1.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Western Alliance Bancorporation
WAL
$8.11B
| $164M | 9.34% |
2,325,000
+275,000
| +13% | +$21M |
2018 Q4
14 quarters
|
|
|
SBNY
2
DELISTED
Signature Bank
SBNY
| $143M | 8.16% |
800,000
+300,000
| +60% | +$67.2M |
2016 Q3
23 quarters
|
|
3
Arch Capital
ACGL
$33.9B
| $136M | 7.77% |
3,000,000
| – | – |
2019 Q4
10 quarters
|
|
4
Global Payments
GPN
$22.3B
| $122M | 6.93% |
1,100,000
| – | – |
2021 Q3
3 quarters
|
|
5
Alphabet (Google) Class C
GOOG
$4.22T
| $109M | 6.23% |
1,000,000
| – | – |
2018 Q2
16 quarters
|
|
6
Chubb
CB
$136B
| $88.5M | 5.04% |
450,000
| – | – |
2018 Q2
16 quarters
|
|
7
Meta Platforms (Facebook)
META
$1.88T
| $80.6M | 4.59% |
500,000
| – | – |
2018 Q2
16 quarters
|
|
8
ServisFirst Bancshares
SFBS
$4.33B
| $78.9M | 4.49% |
2,000,000
| – | – |
2015 Q4
26 quarters
|
|
|
9
State Street
STT
$46B
| $61.6M | 3.51% |
1,000,000
+800,000
| +400% | +$56.6M |
2021 Q4
2 quarters
|
|
10
Visa
V
$750B
| $59.1M | 3.36% |
300,000
| – | – |
2016 Q4
22 quarters
|
|
11
Alibaba
BABA
$276B
| $56.8M | 3.24% |
500,000
| – | – |
2018 Q3
15 quarters
|
|
12
Berkshire Hathaway Class B
BRK.B
$1.13T
| $54.6M | 3.11% |
200,000
| – | – |
2013 Q2
36 quarters
|
|
|
PACW
13
DELISTED
PacWest Bancorp
PACW
| $54.1M | 3.08% |
2,030,000
| – | – |
2020 Q4
6 quarters
|
|
14
Berkshire Hathaway Class A
BRK.A
$1.13T
| $49.1M | 2.79% |
120
| – | – |
2013 Q2
36 quarters
|
|
|
15
Carlyle Group
CG
$13.1B
| $47.5M | 2.7% |
1,500,000
+500,000
| +50% | +$19.2M |
2022 Q1
1 quarter
|
|
16
KKR & Co
KKR
$78.7B
| $46.3M | 2.63% |
1,000,000
| – | – |
2015 Q4
26 quarters
|
|
|
17
US Bancorp
USB
$89.4B
| $46M | 2.62% |
1,000,000
-217,174
| -18% | -$10.8M |
2014 Q3
31 quarters
|
|
|
18
TriCo Bancshares
TCBK
$1.66B
| $45.7M | 2.6% |
1,000,800
+298,700
| +43% | +$12.6M |
2021 Q3
3 quarters
|
|
19
Glacier Bancorp
GBCI
$5.7B
| $37.4M | 2.13% |
789,353
| – | – |
2021 Q4
2 quarters
|
|
20
Goldman Sachs
GS
$260B
| $35.6M | 2.03% |
120,000
| – | – |
2013 Q2
36 quarters
|
|
21
Markel Group
MKL
$22.6B
| $32.3M | 1.84% |
25,000
| – | – |
2021 Q1
5 quarters
|
|
22
Axos Financial
AX
$4.97B
| $31.1M | 1.77% |
866,721
+91,721
| +12% | +$3.53M |
2014 Q4
30 quarters
|
|
23
Charles Schwab
SCHW
$163B
| $27.4M | 1.56% |
433,479
| – | – |
2020 Q4
6 quarters
|
|
24
Raymond James Financial
RJF
$30.3B
| $26.8M | 1.53% |
300,000
| – | – |
2018 Q1
17 quarters
|
|
25
Mastercard
MA
$540B
| $26.8M | 1.53% |
85,000
| – | – |
2013 Q2
36 quarters
|
|
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Davis Asset Management's Q2 2022 Portfolio in Review
As of Q2 2022, Davis Asset Management held 33 positions worth $1.76B, down 14% from $2.05B the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Davis Asset Management deployed $106M of net new capital in Q2 2022, adding to 7 existing holdings.
By sector, the portfolio is most concentrated in Financials at 78% of assets, up from 76% a quarter earlier, followed by Communication Services and Industrials.
On the sell side, the largest reduction was US Bancorp, an estimated $10.8M trimmed.
- Davis Asset Management added most to Signature Bank in Q2 2022, an estimated $67.2M increase.
- Davis Asset Management's biggest Q2 2022 reduction was US Bancorp, cutting an estimated $10.8M.
- Davis Asset Management fully exited Citigroup in Q2 2022, selling an estimated $32M.
- Davis Asset Management's ten largest holdings make up 59% of its $1.76B portfolio in Q2 2022.
- Davis Asset Management opened 0 new positions and closed 3 in Q2 2022.
- Davis Asset Management's portfolio value fell 14% quarter-over-quarter to $1.76B.
Based on Davis Asset Management's 13F filing for Q2 2022, filed 12 Aug 2022.