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Davis Asset Management Portfolio holdings

AUM $3.46B
1-Year Est. Return 9.77%
This Fund
S&P 500
This Quarter Est. Return
-1.15%
1 Year Est. Return
+9.77%
3 Year Est. Return
+89.76%
5 Year Est. Return
+72.14%
10 Year Est. Return
+357.84%
AUM
$1.56B
AUM Growth
-$235M
Cap. Flow
-$111M
Cap. Flow %
-7.1%
Top 10 Hldgs %
55.95%
Holding
33
New
2
Increased
5
Reduced
2
Closed
1

Top Buys

Rank Stock Value
1
WBS icon
Webster Financial
WBS
+$34.6M
2
MTB icon
M&T Bank
MTB
+$27.6M
3
FCNCA icon
First Citizens BancShares
FCNCA
+$10.5M
4
AX icon
Axos Financial
AX
+$8.1M
5
CCNE icon
CNB Financial Corp
CCNE
+$4.57M

Top Sells

Rank Stock Value
1
SBNY
Signature Bank
SBNY
+$127M
2
ACGL icon
Arch Capital
ACGL
+$65.7M
3
SFBS
ServisFirst Bancshares
SFBS
+$6.46M

Sector Composition

Rank Sector Weight
1 Financials 76.07%
2 Communication Services 10.54%
3 Industrials 7.43%
4 Consumer Discretionary 3.28%
5 Real Estate 1.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ACGL icon
1
Arch Capital
ACGL
$33.4B
$136M 8.72%
2,000,720
-999,280
-33% -$65.7M
GPN icon
2
Global Payments
GPN
$22.7B
$116M 7.43%
1,100,000
– –
GOOG icon
3
Alphabet (Google) Class C
GOOG
$4.31T
$104M 6.68%
1,000,000
– –
STT icon
4
State Street
STT
$51.1B
$90.8M 5.83%
1,200,000
– –
WAL icon
5
Western Alliance Bancorporation
WAL
$8.77B
$88.8M 5.71%
2,500,000
– –
CB icon
6
Chubb
CB
$134B
$87.4M 5.61%
450,000
– –
V icon
7
Visa
V
$671B
$67.6M 4.34%
300,000
– –
BRK.B icon
8
Berkshire Hathaway Class B
BRK.B
$1.14T
$61.8M 3.97%
200,000
– –
META icon
9
Meta Platforms (Facebook)
META
$1.51T
$60.2M 3.86%
500,000
– –
WBS icon
10
Webster Financial
WBS
$12.8B
$59.1M 3.8%
1,500,000
+721,250
+93% +$34.6M
BRK.A icon
11
Berkshire Hathaway Class A
BRK.A
$1.14T
$55.9M 3.59%
120
– –
KKR icon
12
KKR & Co
KKR
$93.3B
$52.5M 3.37%
1,000,000
– –
BABA icon
13
Alibaba
BABA
$317B
$51.1M 3.28%
500,000
– –
SFBS
14
ServisFirst Bancshares
SFBS
$4.82B
$49.4M 3.17%
903,562
-96,438
-10% -$6.46M
CG icon
15
Carlyle Group
CG
$17.2B
$46.6M 2.99%
1,500,000
– –
AX icon
16
Axos Financial
AX
$5.62B
$44.3M 2.85%
1,200,000
+187,763
+19% +$8.1M
TCBK icon
17
TriCo Bancshares
TCBK
$1.81B
$42.5M 2.73%
1,020,800
+20,000
+2% +$964K
GS icon
18
Goldman Sachs
GS
$301B
$39.3M 2.52%
120,000
– –
USB icon
19
US Bancorp
USB
$99.8B
$36M 2.32%
1,000,000
– –
GBCI icon
20
Glacier Bancorp
GBCI
$6.32B
$33.2M 2.13%
789,353
– –
MKL icon
21
Markel Group
MKL
$22.9B
$31.9M 2.05%
25,000
– –
MA icon
22
Mastercard
MA
$491B
$30.9M 1.98%
85,000
– –
RJF icon
23
Raymond James Financial
RJF
$34.5B
$28M 1.8%
300,000
– –
MTB icon
24
M&T Bank
MTB
$36.2B
$22.7M 1.46%
+190,000
New +$27.6M
JLL icon
25
Jones Lang LaSalle
JLL
$16.5B
$21.8M 1.4%
150,000
– –
1
2

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RBA
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JGC
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CIA
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MSC
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ACM
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DILIC
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TCM
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Davis Asset Management's Q1 2023 Portfolio in Review

As of Q1 2023, Davis Asset Management held 33 positions worth $1.56B, down 13% from $1.79B the previous quarter. Its ten largest holdings account for 56% of the portfolio.

Davis Asset Management withdrew a net $111M in Q1 2023, closing 1 position and reducing 2 holdings. Its most notable exit was Signature Bank, an estimated $127M position sold in full.

By sector, the portfolio is most concentrated in Financials at 76% of assets, down from 79% a quarter earlier, followed by Communication Services and Industrials.

Against the trend, Davis Asset Management opened a new position in M&T Bank worth $22.7M.

  • Davis Asset Management's largest Q1 2023 buy was M&T Bank: 190,000 shares worth $22.7M.
  • Davis Asset Management added most to Webster Financial in Q1 2023, an estimated $34.6M increase.
  • Davis Asset Management's biggest Q1 2023 reduction was Arch Capital, cutting an estimated $65.7M.
  • Davis Asset Management fully exited Signature Bank in Q1 2023, selling an estimated $127M.
  • Davis Asset Management's ten largest holdings make up 56% of its $1.56B portfolio in Q1 2023.
  • Davis Asset Management opened 2 new positions and closed 1 in Q1 2023.
  • Davis Asset Management's portfolio value fell 13% quarter-over-quarter to $1.56B.

Based on Davis Asset Management's 13F filing for Q1 2023, filed 11 May 2023.