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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
+13.52%
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
$2.5B
AUM Growth
+$273M
(+12%)
Cap. Flow
-$1.35M
Cap. Flow
% of AUM
-0.05%
Top 10 Holdings %
Top 10 Hldgs %
56.65%
Holding
34
New
–
Increased
3
Reduced
2
Closed
1
Avg Time Held
5.3
years
Top 10 Avg Time Held
2.3
years
Top 20 Avg Time Held
4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Markel Group
MKL
|
+$23.5M |
| 2 |
Global Payments
GPN
|
+$10.4M |
| 3 |
Old Second Bancorp
OSBC
|
+$8.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KKR & Co
KKR
|
+$23.7M |
| 2 |
Glacier Bancorp
GBCI
|
+$11.1M |
| 3 |
US Bancorp
USB
|
+$8.77M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 69.4% |
| 2 | Communication Services | 18.14% |
| 3 | Industrials | 5.74% |
| 4 | Real Estate | 4.6% |
| 5 | Consumer Discretionary | 2.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Meta Platforms (Facebook)
META
$1.88T
| $286M | 11.45% |
500,000
| – | – |
2018 Q2
25 quarters
|
|
2
Western Alliance Bancorporation
WAL
$8.11B
| $216M | 8.65% |
2,500,000
| – | – |
2018 Q4
23 quarters
|
|
3
Alphabet (Google) Class C
GOOG
$4.22T
| $167M | 6.69% |
1,000,000
| – | – |
2018 Q2
25 quarters
|
|
|
4
Global Payments
GPN
$22.3B
| $143M | 5.74% |
1,400,000
+100,000
| +8% | +$10.4M |
2021 Q3
12 quarters
|
|
5
Chubb
CB
$136B
| $130M | 5.19% |
450,000
| – | – |
2018 Q2
25 quarters
|
|
6
State Street
STT
$46B
| $106M | 4.25% |
1,200,000
| – | – |
2021 Q4
11 quarters
|
|
7
Axos Financial
AX
$4.97B
| $94.3M | 3.77% |
1,500,000
| – | – |
2014 Q4
39 quarters
|
|
8
DELISTED
Webster Financial
WBS
| $93.2M | 3.73% |
2,000,000
| – | – |
2022 Q1
10 quarters
|
|
9
Berkshire Hathaway Class B
BRK.B
$1.13T
| $92.1M | 3.68% |
200,000
| – | – |
2013 Q2
45 quarters
|
|
10
Corebridge Financial
CRBG
$15.3B
| $87.5M | 3.5% |
3,000,000
| – | – |
2023 Q4
3 quarters
|
|
11
Berkshire Hathaway Class A
BRK.A
$1.13T
| $82.9M | 3.32% |
120
| – | – |
2013 Q2
45 quarters
|
|
12
Visa
V
$750B
| $82.5M | 3.3% |
300,000
| – | – |
2016 Q4
31 quarters
|
|
|
13
Markel Group
MKL
$22.6B
| $78.4M | 3.14% |
50,000
+15,000
| +43% | +$23.5M |
2021 Q1
14 quarters
|
|
14
Vivmark Residential
VMRK
$47.3B
| $74.5M | 2.98% |
1,000,000
| – | – |
2023 Q4
3 quarters
|
|
15
ServisFirst Bancshares
SFBS
$4.33B
| $66.3M | 2.65% |
1,647,124
| – | – |
2015 Q4
35 quarters
|
|
|
16
KKR & Co
KKR
$78.7B
| $65.3M | 2.61% |
500,000
-200,000
| -29% | -$23.7M |
2015 Q4
35 quarters
|
|
17
Carlyle Group
CG
$13.1B
| $64.6M | 2.58% |
1,500,000
| – | – |
2022 Q1
10 quarters
|
|
18
Arch Capital
ACGL
$33.9B
| $61.5M | 2.46% |
550,000
| – | – |
2019 Q4
19 quarters
|
|
19
M&T Bank
MTB
$31.6B
| $61.5M | 2.46% |
345,000
| – | – |
2023 Q1
6 quarters
|
|
20
Alibaba
BABA
$276B
| $53.1M | 2.12% |
500,000
| – | – |
2018 Q3
24 quarters
|
|
21
Five Star Bancorp
FSBC
$1.06B
| $44.9M | 1.8% |
1,511,500
| – | – |
2021 Q2
13 quarters
|
|
22
TriCo Bancshares
TCBK
$1.66B
| $43.5M | 1.74% |
1,020,800
| – | – |
2021 Q3
12 quarters
|
|
23
Mastercard
MA
$540B
| $42M | 1.68% |
85,000
| – | – |
2013 Q2
45 quarters
|
|
24
Jones Lang LaSalle
JLL
$14.3B
| $40.5M | 1.62% |
150,000
| – | – |
2020 Q2
17 quarters
|
|
25
Raymond James Financial
RJF
$30.3B
| $36.7M | 1.47% |
300,000
| – | – |
2018 Q1
26 quarters
|
|
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Davis Asset Management's Q3 2024 Portfolio in Review
As of Q3 2024, Davis Asset Management held 34 positions worth $2.5B, up 12% from $2.23B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Trading was light in Q3 2024: portfolio turnover was 2.9%. Davis Asset Management opened no new positions and exited 1, leaving the 34-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 69% of assets, up from 69% a quarter earlier, followed by Communication Services and Industrials.
- Davis Asset Management added most to Markel Group in Q3 2024, an estimated $23.5M increase.
- Davis Asset Management's biggest Q3 2024 reduction was KKR & Co, cutting an estimated $23.7M.
- Davis Asset Management fully exited Glacier Bancorp in Q3 2024, selling an estimated $11.1M.
- Davis Asset Management's ten largest holdings make up 57% of its $2.5B portfolio in Q3 2024.
- Davis Asset Management opened 0 new positions and closed 1 in Q3 2024.
- Davis Asset Management's portfolio value rose 12% quarter-over-quarter to $2.5B.
Based on Davis Asset Management's 13F filing for Q3 2024, filed 12 Nov 2024.