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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
+7.34%
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
$1.79B
AUM Growth
+$83.5M
(+4.9%)
Cap. Flow
+$25.9M
Cap. Flow
% of AUM
1.44%
Top 10 Holdings %
Top 10 Hldgs %
58.43%
Holding
32
New
1
Increased
5
Reduced
1
Closed
1
Avg Time Held
4.2
years
Top 10 Avg Time Held
1.6
years
Top 20 Avg Time Held
3.6
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ameris Bancorp
ABCB
|
+$20M |
| 2 |
SBNY
Signature Bank
SBNY
|
+$13.7M |
| 3 |
Webster Financial
WBS
|
+$10M |
| 4 |
Western Alliance Bancorporation
WAL
|
+$6.48M |
| 5 |
Axos Financial
AX
|
+$5.55M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Charles Schwab
SCHW
|
+$31.2M |
| 2 |
Southern States Bancshares
SSBK
|
+$78K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 81.81% |
| 2 | Communication Services | 8.31% |
| 3 | Industrials | 6.1% |
| 4 | Consumer Discretionary | 2.46% |
| 5 | Real Estate | 1.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Arch Capital
ACGL
$33.9B
| $188M | 10.51% |
3,000,000
| – | – |
2019 Q4
12 quarters
|
|
|
2
Western Alliance Bancorporation
WAL
$8.11B
| $149M | 8.31% |
2,500,000
+100,000
| +4% | +$6.48M |
2018 Q4
16 quarters
|
|
|
SBNY
3
DELISTED
Signature Bank
SBNY
| $127M | 7.07% |
1,100,000
+100,000
| +10% | +$13.7M |
2016 Q3
25 quarters
|
|
4
Global Payments
GPN
$22.3B
| $109M | 6.1% |
1,100,000
| – | – |
2021 Q3
5 quarters
|
|
5
Chubb
CB
$136B
| $99.3M | 5.54% |
450,000
| – | – |
2018 Q2
18 quarters
|
|
6
State Street
STT
$46B
| $93.1M | 5.19% |
1,200,000
| – | – |
2021 Q4
4 quarters
|
|
7
Alphabet (Google) Class C
GOOG
$4.22T
| $88.7M | 4.95% |
1,000,000
| – | – |
2018 Q2
18 quarters
|
|
8
ServisFirst Bancshares
SFBS
$4.33B
| $68.9M | 3.84% |
2,000,000
| – | – |
2015 Q4
28 quarters
|
|
9
Visa
V
$750B
| $62.3M | 3.48% |
300,000
| – | – |
2016 Q4
24 quarters
|
|
10
Berkshire Hathaway Class B
BRK.B
$1.13T
| $61.8M | 3.45% |
200,000
| – | – |
2013 Q2
38 quarters
|
|
11
Meta Platforms (Facebook)
META
$1.88T
| $60.2M | 3.36% |
500,000
| – | – |
2018 Q2
18 quarters
|
|
12
Berkshire Hathaway Class A
BRK.A
$1.13T
| $56.2M | 3.14% |
120
| – | – |
2013 Q2
38 quarters
|
|
13
TriCo Bancshares
TCBK
$1.66B
| $51M | 2.85% |
1,000,800
| – | – |
2021 Q3
5 quarters
|
|
|
PACW
14
DELISTED
PacWest Bancorp
PACW
| $46.6M | 2.6% |
2,030,000
| – | – |
2020 Q4
8 quarters
|
|
15
KKR & Co
KKR
$78.7B
| $46.4M | 2.59% |
1,000,000
| – | – |
2015 Q4
28 quarters
|
|
16
Carlyle Group
CG
$13.1B
| $44.8M | 2.5% |
1,500,000
| – | – |
2022 Q1
3 quarters
|
|
17
Alibaba
BABA
$276B
| $44M | 2.46% |
500,000
| – | – |
2018 Q3
17 quarters
|
|
18
US Bancorp
USB
$89.4B
| $43.6M | 2.43% |
1,000,000
| – | – |
2014 Q3
33 quarters
|
|
19
Goldman Sachs
GS
$260B
| $41.2M | 2.3% |
120,000
| – | – |
2013 Q2
38 quarters
|
|
20
Glacier Bancorp
GBCI
$5.7B
| $39M | 2.18% |
789,353
| – | – |
2021 Q4
4 quarters
|
|
|
21
Axos Financial
AX
$4.97B
| $38.7M | 2.16% |
1,012,237
+145,516
| +17% | +$5.55M |
2014 Q4
32 quarters
|
|
|
22
DELISTED
Webster Financial
WBS
| $36.9M | 2.06% |
778,750
+200,000
| +35% | +$10M |
2022 Q1
3 quarters
|
|
23
Markel Group
MKL
$22.6B
| $32.9M | 1.84% |
25,000
| – | – |
2021 Q1
7 quarters
|
|
24
Raymond James Financial
RJF
$30.3B
| $32.1M | 1.79% |
300,000
| – | – |
2018 Q1
19 quarters
|
|
25
Mastercard
MA
$540B
| $29.6M | 1.65% |
85,000
| – | – |
2013 Q2
38 quarters
|
|
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Davis Asset Management's Q4 2022 Portfolio in Review
As of Q4 2022, Davis Asset Management held 32 positions worth $1.79B, up 4.9% from $1.71B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Davis Asset Management's Q4 2022 filing shows 1 new, 5 increased, 1 reduced and 1 closed positions. Its largest new stake was Ameris Bancorp: 400,000 shares worth $18.9M. The largest sale was Charles Schwab, an estimated $31.2M.
By sector, the portfolio is most concentrated in Financials at 82% of assets, up from 79% a quarter earlier, followed by Communication Services and Industrials.
- Davis Asset Management's largest Q4 2022 buy was Ameris Bancorp: 400,000 shares worth $18.9M.
- Davis Asset Management added most to Signature Bank in Q4 2022, an estimated $13.7M increase.
- Davis Asset Management's biggest Q4 2022 reduction was Southern States Bancshares, cutting an estimated $78K.
- Davis Asset Management fully exited Charles Schwab in Q4 2022, selling an estimated $31.2M.
- Davis Asset Management's ten largest holdings make up 58% of its $1.79B portfolio in Q4 2022.
- Davis Asset Management opened 1 new position and closed 1 in Q4 2022.
- Davis Asset Management's portfolio value rose 4.9% quarter-over-quarter to $1.79B.
Based on Davis Asset Management's 13F filing for Q4 2022, filed 13 Feb 2023.