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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
-0.09%
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
$2.23B
AUM Growth
-$54.1M
(-2.4%)
Cap. Flow
-$30.9M
Cap. Flow
% of AUM
-1.39%
Top 10 Holdings %
Top 10 Hldgs %
56.75%
Holding
34
New
1
Increased
2
Reduced
3
Closed
–
Avg Time Held
4.9
years
Top 10 Avg Time Held
2
years
Top 20 Avg Time Held
3.7
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Global Payments
GPN
|
+$22M |
| 2 |
Old Second Bancorp
OSBC
|
+$8.19M |
| 3 |
Five Star Bancorp
FSBC
|
+$1.12M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KKR & Co
KKR
|
+$30.5M |
| 2 |
Goldman Sachs
GS
|
+$21.9M |
| 3 |
Arch Capital
ACGL
|
+$9.72M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 68.68% |
| 2 | Communication Services | 19.56% |
| 3 | Industrials | 5.65% |
| 4 | Real Estate | 4.5% |
| 5 | Consumer Discretionary | 1.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Meta Platforms (Facebook)
META
$1.88T
| $252M | 11.32% |
500,000
| – | – |
2018 Q2
24 quarters
|
|
2
Alphabet (Google) Class C
GOOG
$4.22T
| $183M | 8.24% |
1,000,000
| – | – |
2018 Q2
24 quarters
|
|
3
Western Alliance Bancorporation
WAL
$8.11B
| $157M | 7.05% |
2,500,000
| – | – |
2018 Q4
22 quarters
|
|
|
4
Global Payments
GPN
$22.3B
| $126M | 5.65% |
1,300,000
+200,000
| +18% | +$22M |
2021 Q3
11 quarters
|
|
5
Chubb
CB
$136B
| $115M | 5.16% |
450,000
| – | – |
2018 Q2
24 quarters
|
|
6
State Street
STT
$46B
| $88.8M | 3.99% |
1,200,000
| – | – |
2021 Q4
10 quarters
|
|
7
Corebridge Financial
CRBG
$15.3B
| $87.4M | 3.92% |
3,000,000
| – | – |
2023 Q4
2 quarters
|
|
8
DELISTED
Webster Financial
WBS
| $87.2M | 3.92% |
2,000,000
| – | – |
2022 Q1
9 quarters
|
|
9
Axos Financial
AX
$4.97B
| $85.7M | 3.85% |
1,500,000
| – | – |
2014 Q4
38 quarters
|
|
10
Berkshire Hathaway Class B
BRK.B
$1.13T
| $81.4M | 3.65% |
200,000
| – | – |
2013 Q2
44 quarters
|
|
11
Visa
V
$750B
| $78.7M | 3.54% |
300,000
| – | – |
2016 Q4
30 quarters
|
|
|
12
KKR & Co
KKR
$78.7B
| $73.7M | 3.31% |
700,000
-300,000
| -30% | -$30.5M |
2015 Q4
34 quarters
|
|
13
Berkshire Hathaway Class A
BRK.A
$1.13T
| $73.5M | 3.3% |
120
| – | – |
2013 Q2
44 quarters
|
|
14
Vivmark Residential
VMRK
$47.3B
| $69.3M | 3.11% |
1,000,000
| – | – |
2023 Q4
2 quarters
|
|
15
Carlyle Group
CG
$13.1B
| $60.2M | 2.7% |
1,500,000
| – | – |
2022 Q1
9 quarters
|
|
|
16
Arch Capital
ACGL
$33.9B
| $55.5M | 2.49% |
550,000
-100,000
| -15% | -$9.72M |
2019 Q4
18 quarters
|
|
17
Markel Group
MKL
$22.6B
| $55.1M | 2.48% |
35,000
| – | – |
2021 Q1
13 quarters
|
|
18
M&T Bank
MTB
$31.6B
| $52.2M | 2.35% |
345,000
| – | – |
2023 Q1
5 quarters
|
|
19
ServisFirst Bancshares
SFBS
$4.33B
| $52M | 2.34% |
1,647,124
| – | – |
2015 Q4
34 quarters
|
|
20
TriCo Bancshares
TCBK
$1.66B
| $40.4M | 1.81% |
1,020,800
| – | – |
2021 Q3
11 quarters
|
|
21
US Bancorp
USB
$89.4B
| $39.7M | 1.78% |
1,000,000
| – | – |
2014 Q3
39 quarters
|
|
22
Mastercard
MA
$540B
| $37.5M | 1.68% |
85,000
| – | – |
2013 Q2
44 quarters
|
|
23
Raymond James Financial
RJF
$30.3B
| $37.1M | 1.67% |
300,000
| – | – |
2018 Q1
25 quarters
|
|
24
Alibaba
BABA
$276B
| $36M | 1.62% |
500,000
| – | – |
2018 Q3
23 quarters
|
|
|
25
Five Star Bancorp
FSBC
$1.06B
| $35.7M | 1.61% |
1,511,500
+50,000
| +3% | +$1.12M |
2021 Q2
12 quarters
|
|
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Davis Asset Management's Q2 2024 Portfolio in Review
As of Q2 2024, Davis Asset Management held 34 positions worth $2.23B, down 2.4% from $2.28B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Trading was light in Q2 2024: portfolio turnover was 2.9%. Davis Asset Management opened 1 new position and made no exits, leaving the 34-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 69% of assets, down from 71% a quarter earlier, followed by Communication Services and Industrials.
- Davis Asset Management's largest Q2 2024 buy was Old Second Bancorp: 582,268 shares worth $8.62M.
- Davis Asset Management added most to Global Payments in Q2 2024, an estimated $22M increase.
- Davis Asset Management's biggest Q2 2024 reduction was KKR & Co, cutting an estimated $30.5M.
- Davis Asset Management's ten largest holdings make up 57% of its $2.23B portfolio in Q2 2024.
- Davis Asset Management opened 1 new position and closed 0 in Q2 2024.
- Davis Asset Management's portfolio value fell 2.4% quarter-over-quarter to $2.23B.
Based on Davis Asset Management's 13F filing for Q2 2024, filed 13 Aug 2024.