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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
+18.45%
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
$2.06B
AUM Growth
+$348M
(+20%)
Cap. Flow
+$52.2M
Cap. Flow
% of AUM
2.53%
Top 10 Holdings %
Top 10 Hldgs %
56.39%
Holding
34
New
2
Increased
5
Reduced
3
Closed
1
Avg Time Held
4.6
years
Top 10 Avg Time Held
1.7
years
Top 20 Avg Time Held
3.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vivmark Residential
VMRK
|
+$57.9M |
| 2 |
Corebridge Financial
CRBG
|
+$41.3M |
| 3 |
M&T Bank
MTB
|
+$11.9M |
| 4 |
Webster Financial
WBS
|
+$10.8M |
| 5 |
Markel Group
MKL
|
+$7.09M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Arch Capital
ACGL
|
+$44.9M |
| 2 |
PACW
PacWest Bancorp
PACW
|
+$16.1M |
| 3 |
Glacier Bancorp
GBCI
|
+$13.7M |
| 4 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
1
Meta Platforms (Facebook)
META
$1.88T
| $177M | 8.6% |
500,000
| – | – |
2018 Q2
22 quarters
|
|
2
Western Alliance Bancorporation
WAL
$8.11B
| $164M | 7.99% |
2,500,000
| – | – |
2018 Q4
20 quarters
|
|
3
Alphabet (Google) Class C
GOOG
$4.22T
| $141M | 6.84% |
1,000,000
| – | – |
2018 Q2
22 quarters
|
|
4
Global Payments
GPN
$22.3B
| $140M | 6.78% |
1,100,000
| – | – |
2021 Q3
9 quarters
|
|
5
Chubb
CB
$136B
| $102M | 4.94% |
450,000
| – | – |
2018 Q2
22 quarters
|
|
|
6
DELISTED
Webster Financial
WBS
| $102M | 4.93% |
2,000,000
+250,000
| +14% | +$10.8M |
2022 Q1
7 quarters
|
|
7
State Street
STT
$46B
| $93M | 4.51% |
1,200,000
| – | – |
2021 Q4
8 quarters
|
|
8
KKR & Co
KKR
$78.7B
| $82.8M | 4.02% |
1,000,000
| – | – |
2015 Q4
32 quarters
|
|
9
Axos Financial
AX
$4.97B
| $81.9M | 3.98% |
1,500,000
| – | – |
2014 Q4
36 quarters
|
|
10
Visa
V
$750B
| $78.1M | 3.79% |
300,000
| – | – |
2016 Q4
28 quarters
|
|
11
Berkshire Hathaway Class B
BRK.B
$1.13T
| $71.3M | 3.46% |
200,000
| – | – |
2013 Q2
42 quarters
|
|
12
Berkshire Hathaway Class A
BRK.A
$1.13T
| $65.1M | 3.16% |
120
| – | – |
2013 Q2
42 quarters
|
|
|
13
Vivmark Residential
VMRK
$47.3B
| $61.2M | 2.97% |
+1,000,000
| New | +$57.9M |
2023 Q4
0 quarters
|
|
14
Carlyle Group
CG
$13.1B
| $61M | 2.96% |
1,500,000
| – | – |
2022 Q1
7 quarters
|
|
|
15
ServisFirst Bancshares
SFBS
$4.33B
| $54.9M | 2.67% |
1,647,124
-160,000
| -9% | -$4.32M |
2015 Q4
32 quarters
|
|
|
16
Markel Group
MKL
$22.6B
| $49.7M | 2.41% |
35,000
+5,000
| +17% | +$7.09M |
2021 Q1
11 quarters
|
|
|
17
Arch Capital
ACGL
$33.9B
| $48.3M | 2.34% |
650,000
-550,000
| -46% | -$44.9M |
2019 Q4
16 quarters
|
|
|
18
M&T Bank
MTB
$31.6B
| $47.3M | 2.3% |
345,000
+95,000
| +38% | +$11.9M |
2023 Q1
3 quarters
|
|
19
Goldman Sachs
GS
$260B
| $46.3M | 2.25% |
120,000
| – | – |
2013 Q2
42 quarters
|
|
20
TriCo Bancshares
TCBK
$1.66B
| $43.9M | 2.13% |
1,020,800
| – | – |
2021 Q3
9 quarters
|
|
|
21
Corebridge Financial
CRBG
$15.3B
| $43.3M | 2.1% |
+2,000,000
| New | +$41.3M |
2023 Q4
0 quarters
|
|
22
US Bancorp
USB
$89.4B
| $43.3M | 2.1% |
1,000,000
| – | – |
2014 Q3
37 quarters
|
|
23
Alibaba
BABA
$276B
| $38.8M | 1.88% |
500,000
| – | – |
2018 Q3
21 quarters
|
|
24
Mastercard
MA
$540B
| $36.3M | 1.76% |
85,000
| – | – |
2013 Q2
42 quarters
|
|
25
Raymond James Financial
RJF
$30.3B
| $33.5M | 1.62% |
300,000
| – | – |
2018 Q1
23 quarters
|
|
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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 Vivmark 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, down from 72% a quarter earlier, followed by Communication Services and Industrials.
- Davis Asset Management's largest Q4 2023 buy was Vivmark 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.