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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
-6.23%
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
$1.71B
AUM Growth
-$48M
(-2.7%)
Cap. Flow
+$61.6M
Cap. Flow
% of AUM
3.61%
Top 10 Holdings %
Top 10 Hldgs %
59.68%
Holding
31
New
1
Increased
4
Reduced
–
Closed
–
Avg Time Held
4
years
Top 10 Avg Time Held
1.7
years
Top 20 Avg Time Held
3.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SBNY
Signature Bank
SBNY
|
+$36.3M |
| 2 |
State Street
STT
|
+$13.7M |
| 3 |
Western Alliance Bancorporation
WAL
|
+$5.68M |
| 4 |
CNB Financial Corp
CCNE
|
+$5.12M |
| 5 |
Five Star Bancorp
FSBC
|
+$828K |
Top Sells
No sells this quarter
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 78.8% |
| 2 | Communication Services | 9.6% |
| 3 | Industrials | 6.96% |
| 4 | Consumer Discretionary | 3.33% |
| 5 | Real Estate | 1.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Western Alliance Bancorporation
WAL
$8.11B
| $158M | 9.23% |
2,400,000
+75,000
| +3% | +$5.68M |
2018 Q4
15 quarters
|
|
|
SBNY
2
DELISTED
Signature Bank
SBNY
| $151M | 8.84% |
1,000,000
+200,000
| +25% | +$36.3M |
2016 Q3
24 quarters
|
|
3
Arch Capital
ACGL
$33.9B
| $137M | 7.99% |
3,000,000
| – | – |
2019 Q4
11 quarters
|
|
4
Global Payments
GPN
$22.3B
| $119M | 6.96% |
1,100,000
| – | – |
2021 Q3
4 quarters
|
|
5
Alphabet (Google) Class C
GOOG
$4.22T
| $96.2M | 5.63% |
1,000,000
| – | – |
2018 Q2
17 quarters
|
|
6
Chubb
CB
$136B
| $81.8M | 4.79% |
450,000
| – | – |
2018 Q2
17 quarters
|
|
7
ServisFirst Bancshares
SFBS
$4.33B
| $80M | 4.68% |
2,000,000
| – | – |
2015 Q4
27 quarters
|
|
|
8
State Street
STT
$46B
| $73M | 4.27% |
1,200,000
+200,000
| +20% | +$13.7M |
2021 Q4
3 quarters
|
|
9
Meta Platforms (Facebook)
META
$1.88T
| $67.8M | 3.97% |
500,000
| – | – |
2018 Q2
17 quarters
|
|
10
Alibaba
BABA
$276B
| $56.8M | 3.33% |
500,000
| – | – |
2018 Q3
16 quarters
|
|
11
Berkshire Hathaway Class B
BRK.B
$1.13T
| $53.4M | 3.13% |
200,000
| – | – |
2013 Q2
37 quarters
|
|
12
Visa
V
$750B
| $53.3M | 3.12% |
300,000
| – | – |
2016 Q4
23 quarters
|
|
13
Berkshire Hathaway Class A
BRK.A
$1.13T
| $48.8M | 2.85% |
120
| – | – |
2013 Q2
37 quarters
|
|
|
PACW
14
DELISTED
PacWest Bancorp
PACW
| $45.9M | 2.68% |
2,030,000
| – | – |
2020 Q4
7 quarters
|
|
15
TriCo Bancshares
TCBK
$1.66B
| $44.7M | 2.61% |
1,000,800
| – | – |
2021 Q3
4 quarters
|
|
16
KKR & Co
KKR
$78.7B
| $43M | 2.52% |
1,000,000
| – | – |
2015 Q4
27 quarters
|
|
17
US Bancorp
USB
$89.4B
| $40.3M | 2.36% |
1,000,000
| – | – |
2014 Q3
32 quarters
|
|
18
Glacier Bancorp
GBCI
$5.7B
| $38.8M | 2.27% |
789,353
| – | – |
2021 Q4
3 quarters
|
|
19
Carlyle Group
CG
$13.1B
| $38.8M | 2.27% |
1,500,000
| – | – |
2022 Q1
2 quarters
|
|
20
Goldman Sachs
GS
$260B
| $35.2M | 2.06% |
120,000
| – | – |
2013 Q2
37 quarters
|
|
21
Charles Schwab
SCHW
$163B
| $31.2M | 1.82% |
433,479
| – | – |
2020 Q4
7 quarters
|
|
22
Axos Financial
AX
$4.97B
| $29.7M | 1.74% |
866,721
| – | – |
2014 Q4
31 quarters
|
|
23
Raymond James Financial
RJF
$30.3B
| $29.6M | 1.73% |
300,000
| – | – |
2018 Q1
18 quarters
|
|
24
Markel Group
MKL
$22.6B
| $27.1M | 1.59% |
25,000
| – | – |
2021 Q1
6 quarters
|
|
25
DELISTED
Webster Financial
WBS
| $26.2M | 1.53% |
578,750
| – | – |
2022 Q1
2 quarters
|
|
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Davis Asset Management's Q3 2022 Portfolio in Review
As of Q3 2022, Davis Asset Management held 31 positions worth $1.71B, down 2.7% from $1.76B the previous quarter. Its ten largest holdings account for 60% of the portfolio.
Davis Asset Management deployed $61.6M of net new capital in Q3 2022, opening 1 new position and adding to 4 existing holdings. Its largest new stake was CNB Financial Corp: 200,000 shares worth $4.71M.
By sector, the portfolio is most concentrated in Financials at 79% of assets, up from 78% a quarter earlier, followed by Communication Services and Industrials.
- Davis Asset Management's largest Q3 2022 buy was CNB Financial Corp: 200,000 shares worth $4.71M.
- Davis Asset Management added most to Signature Bank in Q3 2022, an estimated $36.3M increase.
- Davis Asset Management's ten largest holdings make up 60% of its $1.71B portfolio in Q3 2022.
- Davis Asset Management opened 1 new position and closed 0 in Q3 2022.
- Davis Asset Management's portfolio value fell 2.7% quarter-over-quarter to $1.71B.
Based on Davis Asset Management's 13F filing for Q3 2022, filed 14 Nov 2022.