Chris Davis

Chris Davis

Last Update: 02-14-2017

Number of Stocks: 142
Number of New Stocks: 14

Total Value: $22,837 Mil
Q/Q Turnover: 5%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Chris Davis Watch

  • Ruane Cunniff Sells Berkshire and Praxair, Exits Walmart

    Ruane, Cunniff & Goldfarb Inc. was founded by William Ruane, and Ruane Cunniff (TradesPortfolio)'s current investment committee is directed by Richard Cunniff. He manages a portfolio composed of 92 stocks with a total value of $10.642 billion. During the fourth quarter the guru sold shares in the following stocks:


    The guru reduced its holding in Berkshire Hathaway Inc. Class A (BRK.A) by 19.71% with an impact of -2.39% on the portfolio.

      


  • T Rowe Price Keeps Buying Exelon, Pepsi, Others

    T. Rowe Price Equity Income Fund, in both of the last two quarters, increased its stake in the following stocks:


    EQT Corp. (EQT)

      


  • Big Money Still Long Valeant

    Valeant Pharmaceuticals International Inc. (NYSE:VRX) reported a better-than-expected quarterly profit this morning as a result of lowered costs and strength in its Bausch and Lomb subsidiary, yet its net loss widened as the company is feeling pricing pressure.


    Valeant has lost a lot of trust in the last two years. This is an understatement since in just 24 months, the stock has dropped over 90% from its highs in the 200 range. It has taken a lot of hedge funds with it, but the roster of gurus that own Valeant remains impressive.

      


  • Ray Dalio Expands ETF Empire in 4th Quarter

    Ray Dalio (Trades, Portfolio) founded Bridgewater Associates, a Connecticut-based hedge fund that currently has $165 billion in assets under management (AUM). During fourth-quarter 2016, Dalio increased his positions in four exchange-traded funds: Vanguard FTSE Emerging Markets (ARCA:VWO), iShares Core MSCI Emerging Markets (ARCA:IEMG), iShares MSCI South Korea Capped Index Fund (ARCA:EWY) and iShares MSCI Brazil Capped Index Fund (ARCA:EWZ). The Bridgewater hedge fund manager also reduced his positions in the SPDR S&P 500 (ARCA:SPY) and the iShares MSCI Emerging Index Fund (ARCA:EEM). With these transactions, Dalio increased his portfolio holdings by about 4.7% in the aggregate.


    Vanguard FTSE Emerging Markets ETF

      


  • Davis New York Venture Fund Annual Review 2017



  • Express Scripts to Include Harvoni in Hepatitis Cure Value Program

    As announced by Express Scripts (NASDAQ:ESRX) through PR Newswire Dec. 12, the program that targets the treatment of patients affected with the hepatitis C virus, called “Hepatitis Cure Value Program,” will be upgraded with another product in January.


    Gilead Sciences' (NASDAQ:GILD) Harvoni will be added to AbbVie's (NYSE:ABBV) Viekira Pak for the treatment of HCV patients.

      


  • Davis Advisers' Best Investments This Year

    Davis Selected Advisers manages more than $60 billion across several different asset classes and is the portfolio manager of Davis Financial Fund. The following are the best performers of his investments.


    Encana Corp. (ECA) with a market cap of $8.82 billion has gained 113.1% year to date. The guru's stake represents 8.63% of the company's outstanding shares and 2.52% of the guru's total assets.

      


  • T Rowe Price Is Buying These 9 Stocks

    T Rowe Price Equity Income Fund manages a portfolio composed of 110 stocks with a total value of $21.024 billion. In both the second and third quarters the investment firm bought shares in the following stocks.


    EQT Corp. (EQT)

      


  • Davis New York Venture Fund Fall Commentary



  • Amazon Seeks to Start Delivery Service

    In an attempt to combat parcel couriers everywhere, Amazon (NASDAQ:AMZN) is laying the groundwork for its own shipping business.


    Amazon executives claim that by undertaking a delivery business, it will help with delivery capacity during the holiday season. However, current and former Amazon managers and business partners claim the retailer has grander plans than it has acknowledged.

      


  • Ruane Cunniff Cuts Allergan, Berkshire, IBM

    Ruane Cunniff (Trades, Portfolio) is a value investor focused on the intrinsic value of business. It manages a portfolio composed of 118 stocks with a total value of $10.499 billion. During the second quarter the guru traded the following stocks.


    The investor reduced shares in Berkshire Hathaway Inc. Class A (BRK.A) by 19.52% with an impact of -2.78% on the portfolio.

      


  • 9 Stocks Chris Davis Keeps Buying

    Chris Davis (Trades, Portfolio) is the portfolio manager of Davis Financial Fund, a fund that holds 134 stocks with a total value of $22,661 million. In both the first and second quarters, the guru bought shares in the following stocks:


    Simon Property Group Inc. (SPG)

      


  • Apache Announces Discovery of Oil in West Texas

    Apache Corp. (NYSE:APA), an independent energy company, announced the discovery of 2 billion to 3 billion barrels of oil in a West Texas field on Wednesday.


    The area, being referred to as “Alpine High,” is located near the Davis Mountains in Reeves County and has been previously overlooked due to the belief it would not be fit for hydraulic fracturing. According to Apache, the find could be worth at least $8 billion and has the potential to become one of the biggest energy finds of the past decade.

      


  • David Funds Comments on Encana

    Our fourth representative holding is the Canadian shale oil and gas company Encana (NYSE:ECA), a business that fits all three of these criteria. Based on global supply and demand projections for oil, we do not believe the current price of $45 per barrel is sustainable.10 In our view, oil prices will have to increase significantly over time to provide enough supply to meet growing global demand. In addition, because Encana’s reserves are located in the core of four of the top six shale areas in North America, Encana’s costs to develop and produce oil and gas are quite low.


    Moreover, Encana’s reserves of oil and gas are so large the company has decades of production ahead based on current production levels.

      


  • David Funds Comments on Tencent

    Given Tencent (HKSE:00700)’s key position in Naspers’ business, examining Tencent’s operations more closely is worthwhile. Tencent is led by Chinese entrepreneur Ma Huateng, also known as Pony Ma. The company’s messaging app WeChat has 700 million users and is the leading social media website in China. In addition, Tencent is one of the world’s largest video gaming companies with such popular games as League of Legends, CrossFire and Dungeon Fighter Online as well as an 84% stake in one of the world’s leading mobile video gaming companies Supercell. In addition, Tencent has built a highly desirable portfolio of strategic investments in other leading Internet companies such as e-commerce company JD.com, U.S. video game leader Activision Blizzard, China’s ride-sharing leader Didi Chuxing, and classified ads leader 58.com. Through our investment in Naspers we are effectively investing in Tencent at a 15% discount and paying 23 times 2017 owner earnings for a company growing revenues and earnings at 25% to 30% a year.

      


  • David Funds Comments on Naspers

    A third representative holding is Naspers (NPN), a company most investors would not recognize despite its $60 billion market capitalization. Naspers is a South African conglomerate that owns a diverse array of media and Internet holdings in emerging markets. The company’s satellite TV business is the largest in Africa with 10 million subscribers, and its online classified ad business operates in 31 countries with leading positions in key markets such as Brazil, India, Indonesia, and Russia. Naspers also owns 15% of Flipkart, one of the leading e-commerce businesses in India. Moreover, in 2010 Naspers invested $34 million in Tencent Holdings, one of China’s largest, most innovative and most used Internet portals, and today the company’s 34% stake is worth $72 billion. Considering that Naspers total market capitalization is $60 billion and also includes other assets, the company’s valuation is attractive in our view.

      


  • David Funds Comments on United Technologies

    United Technologies (NYSE:UTX) is a good example of a company with both a durable business and an innovative culture. United Technologies’ four business segments are of roughly equal size and include Pratt & Whitney jet engines and aerospace parts such as landing gear and nacelles (the outer casing of an aircraft engine), Otis Elevator, and Carrier heating and ventilation systems. Pratt & Whitney, for example, enjoys solid growth prospects driven by increased global travel as well as a favorable market structure with only one key competitor in the narrow body or single aisle commercial aircraft business. Moreover, Pratt & Whitney is now rolling out its new PurePower Geared Turbofan (GTF) jet engine that, according to United Technologies, reduces fuel consumption by 16%, environmental emissions by 50% and noise levels during landing and takeoff by 75%.8 According to industry observers, Pratt & Whitney’s GTF jet engine represents one of the biggest advances in jet engines in the past 50 years, which could result in strong sales going forward. At $100 a share, United Technologies is trading at an attractive 15.5 times 2016 owner earnings.9

      


  • David Funds Comments on Amazon

    Adaptability not only results in pricing power but also the ability to create new markets. Amazon (NASDAQ:AMZN) provides a prime example. Looking back at Amazon’s humble beginnings in 1994, clearly one of the reasons the company became the world’s largest bookseller was that Amazon created entirely new markets. The Kindle E-reader was not only a product innovation but also a business model innovation. Printing and shipping costs suddenly disappeared, combining improved convenience for consumers with higher profits for Amazon. Company founder Jeff Bezos and his team then proved they would not be satisfied to sit on their laurels by parlaying their expertise in cloud computing, gained from running their retail business, to an Infrastructure as a Service (IaaS) business for third parties. Thus, was born Amazon Web Services (AWS), which reached $10 billionin sales even faster than Amazon’s retail business and which one day might surpass the retail segment in size.7

      


  • Davis Global Fund Semi-Annual Review 2016



  • Davis Opportunity Fund Semi-Annual Review 2016



Add Notes, Comments

If you want to ask a question or report a bug, please create a support ticket.


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)