Key Points

  • Davis Selected Advisers' Q1 2023 portfolio has a reported value of 15.1 Billion spread across 101 stocks.
  • The 13F form shows an increase of $418M in the current position value from the previous quarter.
  • The top five holdings of the portfolio account for 28.65% of the total value.
  • The portfolio has a diverse mix of sectors, with information technology and financials making up the largest percentage

A well-known investor in the finance industry, Chris Davis, recently revealed his portfolio for the first quarter of 2023. According to the 13F form, the portfolio has a reported value of $15.1 billion, which is distributed in 101 different stocks. T

Increase of $418 million in the current position value from the last quarter's report, where the portfolio was valued at $14.7 billion.

The Portfolio

The portfolio is a reflection of Davis' investment philosophy, which is centered around long-term value investing. His approach involves identifying companies with durable competitive advantages and buying them at a discount to their intrinsic value. This approach has allowed him to create wealth for his clients over the years.

Examining the portfolio, we can see that Davis has invested in a diverse range of companies across various sectors. The top holdings in his portfolio are in the technology, healthcare, and financial sectors. These holdings include well-known companies that have a strong track record of performance.

One interesting observation from the portfolio is that Davis seems to have a preference for large-cap companies. The majority of his investments are in companies with a market capitalization of over $10 billion. This indicates that he favors established companies with a strong market presence.

Another notable feature of the portfolio is that Davis has a long-term investment horizon. Many of the companies in his portfolio have been there for a long time, and he has continued to add to his positions in them. This suggests that he has a high degree of conviction in these companies and believes in their long-term growth prospects.

Top holding

  • META - A social media company that operates multiple platforms such as Facebook, Instagram, and WhatsApp. It also focuses on building a metaverse that offers virtual reality experiences.
  • WFC - A financial institution that offers a range of banking and financial services to customers including retail and commercial banking, investment and wealth management, and more.
  • COF - A bank holding company that provides credit cards, auto loans, personal loans, commercial banking, and other financial services to consumers and businesses.
  • BRK-A - The stock symbol for Berkshire Hathaway Inc., a multinational conglomerate holding company that owns and operates a wide range of businesses in various industries such as insurance, retail, energy, and more.
  • AMAT - A company that specializes in manufacturing equipment for the semiconductor industry. It offers solutions for the fabrication of integrated circuits, flat panel displays, and solar photovoltaic products.

Top Buys

  • FISV (New holding): A global provider of financial services technology solutions, including payment processing, digital banking, and risk management services.
  • META (New holding): A digital banking platform that offers a range of financial services, including checking and savings accounts, loans, and credit cards.
  • V (added by 10.61%): Visa is a global payment technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories.
  • HDB (New holding): HDFC Bank is one of India's largest private sector banks, offering a range of banking and financial services to individual and corporate customers.
  • RNR (New holding): RenaissanceRe Holdings is a global provider of reinsurance and insurance services, specializing in property catastrophe and specialty lines of business.

Chris Davis

Chris Davis

Chris Davis is the chairman and chief investment officer of Davis Selected Advisers, a successful investment firm that focuses on value investing. Davis is known for his expertise in value investing and has a reputation for being a skilled and disciplined investor. He has been involved in a number of successful investments over the course of his career.
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