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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
+18.45%
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
$2.06B
AUM Growth
+$348M
Cap. Flow
+$52.2M
Cap. Flow %
2.53%
Top 10 Hldgs %
56.39%
Holding
34
New
2
Increased
5
Reduced
3
Closed
1

Top Buys

Rank Stock Value
1
EQR icon
Equity Residential
EQR
+$57.9M
2
CRBG icon
Corebridge Financial
CRBG
+$41.3M
3
MTB icon
M&T Bank
MTB
+$11.9M
4
WBS icon
Webster Financial
WBS
+$10.8M
5
MKL icon
Markel Group
MKL
+$7.09M

Top Sells

Rank Stock Value
1
ACGL icon
Arch Capital
ACGL
+$44.9M
2
PACW
PacWest Bancorp
PACW
+$16.1M
3
GBCI icon
Glacier Bancorp
GBCI
+$13.7M
4
SFBS
ServisFirst Bancshares
SFBS
+$4.32M

Sector Composition

Rank Sector Weight
1 Financials 71.55%
2 Communication Services 15.44%
3 Industrials 6.78%
4 Real Estate 4.35%
5 Consumer Discretionary 1.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
META icon
1
Meta Platforms (Facebook)
META
$1.52T
$177M 8.6%
500,000
– –
WAL icon
2
Western Alliance Bancorporation
WAL
$8.79B
$164M 7.99%
2,500,000
– –
GOOG icon
3
Alphabet (Google) Class C
GOOG
$4.34T
$141M 6.84%
1,000,000
– –
GPN icon
4
Global Payments
GPN
$22.8B
$140M 6.78%
1,100,000
– –
CB icon
5
Chubb
CB
$134B
$102M 4.94%
450,000
– –
WBS icon
6
Webster Financial
WBS
$12.8B
$102M 4.93%
2,000,000
+250,000
+14% +$10.8M
STT icon
7
State Street
STT
$51.1B
$93M 4.51%
1,200,000
– –
KKR icon
8
KKR & Co
KKR
$93.4B
$82.8M 4.02%
1,000,000
– –
AX icon
9
Axos Financial
AX
$5.62B
$81.9M 3.98%
1,500,000
– –
V icon
10
Visa
V
$671B
$78.1M 3.79%
300,000
– –
BRK.B icon
11
Berkshire Hathaway Class B
BRK.B
$1.14T
$71.3M 3.46%
200,000
– –
BRK.A icon
12
Berkshire Hathaway Class A
BRK.A
$1.14T
$65.1M 3.16%
120
– –
EQR icon
13
Equity Residential
EQR
$24.6B
$61.2M 2.97%
+1,000,000
New +$57.9M
CG icon
14
Carlyle Group
CG
$17.2B
$61M 2.96%
1,500,000
– –
SFBS
15
ServisFirst Bancshares
SFBS
$4.83B
$54.9M 2.67%
823,562
-80,000
-9% -$4.32M
MKL icon
16
Markel Group
MKL
$22.9B
$49.7M 2.41%
35,000
+5,000
+17% +$7.09M
ACGL icon
17
Arch Capital
ACGL
$33.3B
$48.3M 2.34%
650,000
-550,000
-46% -$44.9M
MTB icon
18
M&T Bank
MTB
$36.2B
$47.3M 2.3%
345,000
+95,000
+38% +$11.9M
GS icon
19
Goldman Sachs
GS
$301B
$46.3M 2.25%
120,000
– –
TCBK icon
20
TriCo Bancshares
TCBK
$1.81B
$43.9M 2.13%
1,020,800
– –
CRBG icon
21
Corebridge Financial
CRBG
$15.4B
$43.3M 2.1%
+2,000,000
New +$41.3M
USB icon
22
US Bancorp
USB
$99.9B
$43.3M 2.1%
1,000,000
– –
BABA icon
23
Alibaba
BABA
$316B
$38.8M 1.88%
500,000
– –
MA icon
24
Mastercard
MA
$491B
$36.3M 1.76%
85,000
– –
RJF icon
25
Raymond James Financial
RJF
$34.4B
$33.5M 1.62%
300,000
– –
1
2

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PCM
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RBA
Richard Bernstein Advisors New York $3.45B AUM 16.24% 1-Year Est. Return
JGC
J. Goldman & Co New York $3.44B AUM 33.82% 1-Year Est. Return
CIA
Caledonia Investments (Australia) Sydney NSW, Australia $3.44B AUM 20.03% 1-Year Est. Return
MSC
MUFG Securities (Canada) New York $3.48B AUM 45.13% 1-Year Est. Return
ACM
Aquatic Capital Management Chicago, Illinois $3.48B AUM 24.9% 1-Year Est. Return
DILIC
Dai-ichi Life Insurance Company Tokyo, Japan $3.49B AUM 27.28% 1-Year Est. Return
TCM
TCG Crossover Management Palo Alto, California $3.5B AUM 1,165.83% 1-Year Est. Return

Davis Asset Management's Q4 2023 Portfolio in Review

As of Q4 2023, Davis Asset Management held 34 positions worth $2.06B, up 20% from $1.71B the previous quarter. Its ten largest holdings account for 56% of the portfolio.

Davis Asset Management's Q4 2023 filing shows 2 new, 5 increased, 3 reduced and 1 closed positions. Its largest new stake was Equity Residential: 1,000,000 shares worth $61.2M. The largest sale was Arch Capital, an estimated $44.9M.

By sector, the portfolio is most concentrated in Financials at 72% of assets, up from 71% a quarter earlier, followed by Communication Services and Industrials.

  • Davis Asset Management's largest Q4 2023 buy was Equity Residential: 1,000,000 shares worth $61.2M.
  • Davis Asset Management added most to M&T Bank in Q4 2023, an estimated $11.9M increase.
  • Davis Asset Management's biggest Q4 2023 reduction was Arch Capital, cutting an estimated $44.9M.
  • Davis Asset Management fully exited PacWest Bancorp in Q4 2023, selling an estimated $16.1M.
  • Davis Asset Management's ten largest holdings make up 56% of its $2.06B portfolio in Q4 2023.
  • Davis Asset Management opened 2 new positions and closed 1 in Q4 2023.
  • Davis Asset Management's portfolio value rose 20% quarter-over-quarter to $2.06B.

Based on Davis Asset Management's 13F filing for Q4 2023, filed 12 Feb 2024.