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DAM
Davis Asset Management Portfolio holdings
AUM
$3.46B
1-Year Est. Return
9.77%
This Fund
S&P 500
This Quarter
Est. Return
+4.89%
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
$1.67B
AUM Growth
+$113M
(+7.2%)
Cap. Flow
+$17.7M
Cap. Flow
% of AUM
1.06%
Top 10 Holdings %
Top 10 Hldgs %
59.16%
Holding
32
New
–
Increased
3
Reduced
2
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Axos Financial
AX
|
+$8.72M |
| 2 |
M&T Bank
MTB
|
+$7.26M |
| 3 |
Webster Financial
WBS
|
+$3.69M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Arch Capital
ACGL
|
+$1.81M |
| 2 |
SSBK
Southern States Bancshares
SSBK
|
+$157K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 72.79% |
| 2 | Communication Services | 15.84% |
| 3 | Industrials | 6.49% |
| 4 | Consumer Discretionary | 2.5% |
| 5 | Real Estate | 1.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Arch Capital
ACGL
$33.3B
| $148M | 8.86% |
1,975,720
-25,000
| -1% | -$1.81M |
|
2
Meta Platforms (Facebook)
META
$1.52T
| $143M | 8.59% |
500,000
| – | – |
|
3
Alphabet (Google) Class C
GOOG
$4.34T
| $121M | 7.24% |
1,000,000
| – | – |
|
4
Global Payments
GPN
$22.8B
| $108M | 6.49% |
1,100,000
| – | – |
|
5
Western Alliance Bancorporation
WAL
$8.78B
| $91.2M | 5.46% |
2,500,000
| – | – |
|
6
State Street
STT
$51.1B
| $87.8M | 5.26% |
1,200,000
| – | – |
|
7
Chubb
CB
$134B
| $86.7M | 5.19% |
450,000
| – | – |
|
8
Visa
V
$671B
| $71.2M | 4.27% |
300,000
| – | – |
|
9
Berkshire Hathaway Class B
BRK.B
$1.14T
| $68.2M | 4.08% |
200,000
| – | – |
|
|
10
Berkshire Hathaway Class A
BRK.A
$1.14T
| $62.1M | 3.72% |
120
| – | – |
|
|
11
Webster Financial
WBS
$12.8B
| $60.4M | 3.62% |
1,600,000
+100,000
| +7% | +$3.69M |
|
|
12
Axos Financial
AX
$5.62B
| $56.2M | 3.37% |
1,425,000
+225,000
| +19% | +$8.72M |
|
13
KKR & Co
KKR
$93.4B
| $56M | 3.35% |
1,000,000
| – | – |
|
14
Carlyle Group
CG
$17.2B
| $47.9M | 2.87% |
1,500,000
| – | – |
|
15
Alibaba
BABA
$316B
| $41.7M | 2.5% |
500,000
| – | – |
|
16
Goldman Sachs
GS
$301B
| $38.7M | 2.32% |
120,000
| – | – |
|
|
SFBS
17
ServisFirst Bancshares
SFBS
$4.83B
| $37M | 2.21% |
903,562
| – | – |
|
18
Markel Group
MKL
$22.9B
| $34.6M | 2.07% |
25,000
| – | – |
|
19
TriCo Bancshares
TCBK
$1.81B
| $33.9M | 2.03% |
1,020,800
| – | – |
|
20
Mastercard
MA
$491B
| $33.4M | 2% |
85,000
| – | – |
|
21
US Bancorp
USB
$99.9B
| $33M | 1.98% |
1,000,000
| – | – |
|
22
Raymond James Financial
RJF
$34.4B
| $31.1M | 1.86% |
300,000
| – | – |
|
|
23
M&T Bank
MTB
$36.2B
| $30.9M | 1.85% |
250,000
+60,000
| +32% | +$7.26M |
|
24
Glacier Bancorp
GBCI
$6.33B
| $24.6M | 1.47% |
789,353
| – | – |
|
25
Jones Lang LaSalle
JLL
$16.5B
| $23.4M | 1.4% |
150,000
| – | – |
|
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Davis Asset Management's Q2 2023 Portfolio in Review
As of Q2 2023, Davis Asset Management held 32 positions worth $1.67B, up 7.2% from $1.56B the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Trading was light in Q2 2023: portfolio turnover was 0%. Davis Asset Management opened no new positions and made no exits, leaving the 32-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 73% of assets, down from 76% a quarter earlier, followed by Communication Services and Industrials.
- Davis Asset Management added most to Axos Financial in Q2 2023, an estimated $8.72M increase.
- Davis Asset Management's biggest Q2 2023 reduction was Arch Capital, cutting an estimated $1.81M.
- Davis Asset Management's ten largest holdings make up 59% of its $1.67B portfolio in Q2 2023.
- Davis Asset Management opened 0 new positions and closed 0 in Q2 2023.
- Davis Asset Management's portfolio value rose 7.2% quarter-over-quarter to $1.67B.
Based on Davis Asset Management's 13F filing for Q2 2023, filed 14 Aug 2023.