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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
+5.85%
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
+$41.4M
(+2.5%)
Cap. Flow
-$42M
Cap. Flow
% of AUM
-2.46%
Top 10 Holdings %
Top 10 Hldgs %
58.62%
Holding
32
New
–
Increased
4
Reduced
2
Closed
–
Avg Time Held
4.6
years
Top 10 Avg Time Held
1.9
years
Top 20 Avg Time Held
3.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Markel Group
MKL
|
+$7.32M |
| 2 |
Webster Financial
WBS
|
+$6.38M |
| 3 |
Axos Financial
AX
|
+$3.17M |
| 4 |
CNB Financial Corp
CCNE
|
+$1.85M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Arch Capital
ACGL
|
+$60.4M |
| 2 |
Southern States Bancshares
SSBK
|
+$366K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 72.33% |
| 2 | Communication Services | 16.48% |
| 3 | Industrials | 7.42% |
| 4 | Consumer Discretionary | 2.53% |
| 5 | Real Estate | 1.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Meta Platforms (Facebook)
META
$1.88T
| $150M | 8.77% |
500,000
| – | – |
2018 Q2
21 quarters
|
|
2
Alphabet (Google) Class C
GOOG
$4.22T
| $132M | 7.71% |
1,000,000
| – | – |
2018 Q2
21 quarters
|
|
3
Global Payments
GPN
$22.3B
| $127M | 7.42% |
1,100,000
| – | – |
2021 Q3
8 quarters
|
|
4
Western Alliance Bancorporation
WAL
$8.11B
| $115M | 6.72% |
2,500,000
| – | – |
2018 Q4
19 quarters
|
|
|
5
Arch Capital
ACGL
$33.9B
| $95.7M | 5.59% |
1,200,000
-775,720
| -39% | -$60.4M |
2019 Q4
15 quarters
|
|
6
Chubb
CB
$136B
| $93.7M | 5.47% |
450,000
| – | – |
2018 Q2
21 quarters
|
|
7
State Street
STT
$46B
| $80.4M | 4.7% |
1,200,000
| – | – |
2021 Q4
7 quarters
|
|
|
8
DELISTED
Webster Financial
WBS
| $70.5M | 4.12% |
1,750,000
+150,000
| +9% | +$6.38M |
2022 Q1
6 quarters
|
|
9
Berkshire Hathaway Class B
BRK.B
$1.13T
| $70.1M | 4.09% |
200,000
| – | – |
2013 Q2
41 quarters
|
|
10
Visa
V
$750B
| $69M | 4.03% |
300,000
| – | – |
2016 Q4
27 quarters
|
|
11
Berkshire Hathaway Class A
BRK.A
$1.13T
| $63.8M | 3.73% |
120
| – | – |
2013 Q2
41 quarters
|
|
12
KKR & Co
KKR
$78.7B
| $61.6M | 3.6% |
1,000,000
| – | – |
2015 Q4
31 quarters
|
|
|
13
Axos Financial
AX
$4.97B
| $56.8M | 3.32% |
1,500,000
+75,000
| +5% | +$3.17M |
2014 Q4
35 quarters
|
|
14
ServisFirst Bancshares
SFBS
$4.33B
| $47.1M | 2.75% |
1,807,124
| – | – |
2015 Q4
31 quarters
|
|
15
Carlyle Group
CG
$13.1B
| $45.2M | 2.64% |
1,500,000
| – | – |
2022 Q1
6 quarters
|
|
|
16
Markel Group
MKL
$22.6B
| $44.2M | 2.58% |
30,000
+5,000
| +20% | +$7.32M |
2021 Q1
10 quarters
|
|
17
Alibaba
BABA
$276B
| $43.4M | 2.53% |
500,000
| – | – |
2018 Q3
20 quarters
|
|
18
Goldman Sachs
GS
$260B
| $38.8M | 2.27% |
120,000
| – | – |
2013 Q2
41 quarters
|
|
19
Mastercard
MA
$540B
| $33.7M | 1.97% |
85,000
| – | – |
2013 Q2
41 quarters
|
|
20
US Bancorp
USB
$89.4B
| $33.1M | 1.93% |
1,000,000
| – | – |
2014 Q3
36 quarters
|
|
21
TriCo Bancshares
TCBK
$1.66B
| $32.7M | 1.91% |
1,020,800
| – | – |
2021 Q3
8 quarters
|
|
22
M&T Bank
MTB
$31.6B
| $31.6M | 1.85% |
250,000
| – | – |
2023 Q1
2 quarters
|
|
23
Raymond James Financial
RJF
$30.3B
| $30.1M | 1.76% |
300,000
| – | – |
2018 Q1
22 quarters
|
|
24
Glacier Bancorp
GBCI
$5.7B
| $22.5M | 1.31% |
789,353
| – | – |
2021 Q4
7 quarters
|
|
25
Jones Lang LaSalle
JLL
$14.3B
| $21.2M | 1.24% |
150,000
| – | – |
2020 Q2
13 quarters
|
|
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Davis Asset Management's Q3 2023 Portfolio in Review
As of Q3 2023, Davis Asset Management held 32 positions worth $1.71B, up 2.5% from $1.67B the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Trading was light in Q3 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 72% of assets, down from 74% a quarter earlier, followed by Communication Services and Industrials.
- Davis Asset Management added most to Markel Group in Q3 2023, an estimated $7.32M increase.
- Davis Asset Management's biggest Q3 2023 reduction was Arch Capital, cutting an estimated $60.4M.
- Davis Asset Management's ten largest holdings make up 59% of its $1.71B portfolio in Q3 2023.
- Davis Asset Management opened 0 new positions and closed 0 in Q3 2023.
- Davis Asset Management's portfolio value rose 2.5% quarter-over-quarter to $1.71B.
Based on Davis Asset Management's 13F filing for Q3 2023, filed 13 Nov 2023.