GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Davis Funds Q3: Buys CL, CX, EGP, FCX, LRY, PCL, SVA, TOL, VALE.P, WYNN

10qk

gurufocus

350 followers
This is the Q3 portfolio update of Davis Funds. Chris Davis runs the firm and Davis Large Cap Value. The firm’s flagship fund, David Financial Fund, has averaged 11.86% annually since 1991.

According to the firm’s website, the firm seeks durable, well-managed businesses that can be purchased at value prices and held for the long term. They believe in patient, long-term investment practices, and are wary of investment "fads."

In a recent interview, Chris Davis thinks that “Over the past five years, our largest mistake by far was our investment in AIG. This investment detracted approximately 5% from our returns and was almost two and a half times more costly than our next largest mistake, which was Merrill Lynch.”

Chris Davis buys Plum Creek Timber Company Inc., Freeportmcmoran Copper & Gold Inc., Eastgroup Properties Inc., Liberty Property Trust, Toll Brothers Inc., Sinovac Biotech Ltd, Companhia Vale, Colgatepalmolive Company, Cemex S.a.b. De C.v., Wynn Resorts Ltd., sells Brown & Brown Inc., Cardinal Health Inc., Cousins Properties Inc., Liberty Global Inc. Series C, Millipore Corp., Unitedhealth Group Inc., United Parcel Service, Inc., United Rentals Inc. during the 3-months ended 09/30/2010, according to the most recent filings of his investment company, Davis Selected Advisers. Chris Davis owns 161 stocks with a total value of $55.7 billion. These are the details of the buys and sells.

For the details of Chris Davis's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Chris+Davis

This is the sector weightings of his portfolio:

Financials 31.8%
Oil & Gas 15%
Consumer Services 13.7%
Health Care 9.8%
Industrials 9.5%
Consumer Goods 8.2%
Technology 6.5%
Basic Materials 1.2%
Telecommunications 0.4%


These are the top 5 holdings of Chris Davis

  1. Costco Wholesale Corp. (COST) - 44,728,826 shares, 5.18% of the total portfolio. Shares reduced by 2.79%
  2. American Express Company (AXP) - 68,507,149 shares, 5.17% of the total portfolio. Shares reduced by 0.96%
  3. Wells Fargo & Company (WFC) - 98,624,597 shares, 4.45% of the total portfolio. Shares reduced by 2.09%
  4. CVS Caremark Corp. (CVS) - 69,959,264 shares, 3.95% of the total portfolio. Shares added by 10.06%
  5. EOG Resources Inc. (EOG) - 23,394,094 shares, 3.9% of the total portfolio. Shares added by 0.85%


Added: Cvs Caremark Corp. (CVS)

Chris Davis added to his holdings in Cvs Caremark Corp. by 10.06%. His purchase prices were between $26.98 and $31.54, with an estimated average price of $29.55. The impact to his portfolio due to this purchase was 0.36%. His holdings were 69,959,264 shares as of 09/30/2010.

CVS/Caremark is the nation's premier integrated pharmacy services provider, combining one of the nation's pharmaceutical services companies with the country's largest pharmacy chain. Cvs Caremark Corp. has a market cap of $42.21 billion; its shares were traded at around $31.13 with a P/E ratio of 11.5 and P/S ratio of 0.4. The dividend yield of Cvs Caremark Corp. stocks is 1.1%. Cvs Caremark Corp. had an annual average earning growth of 12.4% over the past 10 years. GuruFocus rated Cvs Caremark Corp. the business predictability rank of 4.5-star.

Added: Lockheed Martin Corp. (LMT)

Chris Davis added to his holdings in Lockheed Martin Corp. by 15783.1%. His purchase prices were between $68.48 and $76.15, with an estimated average price of $72.81. The impact to his portfolio due to this purchase was 0.32%. His holdings were 2,493,328 shares as of 09/30/2010.

Lockheed Martin Corp. is a global enterprise principally engaged in the research, design, development, manufacture and integration of advanced-technology systems, products and services. Lockheed Martin Corp. has a market cap of $26.07 billion; its shares were traded at around $71.92 with a P/E ratio of 10.1 and P/S ratio of 0.6. The dividend yield of Lockheed Martin Corp. stocks is 3.4%. Lockheed Martin Corp. had an annual average earning growth of 17% over the past 10 years. GuruFocus rated Lockheed Martin Corp. the business predictability rank of 2.5-star.

Added: Google Inc. (GOOG)

Chris Davis added to his holdings in Google Inc. by 18.2%. His purchase prices were between $436.07 and $530.41, with an estimated average price of $482.21. The impact to his portfolio due to this purchase was 0.23%. His holdings were 1,559,548 shares as of 09/30/2010.

Google is a public and profitable company focused on search services. Google Inc. has a market cap of $198.52 billion; its shares were traded at around $622.88 with a P/E ratio of 25.3 and P/S ratio of 8.4. Google Inc. had an annual average earning growth of 65.7% over the past 10 years.

Added: Air Products And Chemicals Inc. (APD)

Chris Davis added to his holdings in Air Products And Chemicals Inc. by 19274.4%. His purchase prices were between $64.97 and $84.2, with an estimated average price of $75.39. The impact to his portfolio due to this purchase was 0.16%. His holdings were 1,052,028 shares as of 09/30/2010.

Air Products and Chemicals, Inc. has established an internationally recognized industrial gas and related industrial process equipment business, and developed strong positions as a producer of certain chemicals. Air Products And Chemicals Inc. has a market cap of $18.12 billion; its shares were traded at around $85.27 with a P/E ratio of 17 and P/S ratio of 2.1. The dividend yield of Air Products And Chemicals Inc. stocks is 2.2%. Air Products And Chemicals Inc. had an annual average earning growth of 7.5% over the past 10 years.

Added: Schlumberger Ltd. (SLB)

Chris Davis added to his holdings in Schlumberger Ltd. by 199.02%. His purchase prices were between $53.33 and $63.26, with an estimated average price of $58.7. The impact to his portfolio due to this purchase was 0.11%. His holdings were 1,506,085 shares as of 09/30/2010.

Schlumberger Limited is a global technology services company consisting of two business segments, Schlumberger Oilfield Services and SchlumbergerSema. Schlumberger Ltd. has a market cap of $102.21 billion; its shares were traded at around $74.65 with a P/E ratio of 28 and P/S ratio of 4.4. The dividend yield of Schlumberger Ltd. stocks is 1.1%. Schlumberger Ltd. had an annual average earning growth of 23.4% over the past 5 years.

Added: Aon (AON)

Chris Davis added to his holdings in Aon by 4222.82%. His purchase prices were between $35.62 and $39.62, with an estimated average price of $37.49. The impact to his portfolio due to this purchase was 0.1%. His holdings were 1,376,385 shares as of 09/30/2010.

Aon Corporation is a holding company whose operating subsidiaries carry onbusiness in three distinct segments: insurance brokerage and other services; consulting; and insurance underwriting. Aon has a market cap of $11.26 billion; its shares were traded at around $41.61 with a P/E ratio of 13.1 and P/S ratio of 1.5. The dividend yield of Aon stocks is 1.5%. Aon had an annual average earning growth of 2.7% over the past 10 years.

Added: Dupont Fabros Tech (DFT)

Chris Davis added to his holdings in Dupont Fabros Tech by 57.94%. His purchase prices were between $23.09 and $26.89, with an estimated average price of $25.2. The impact to his portfolio due to this purchase was 0.05%. His holdings were 2,855,986 shares as of 09/30/2010.

DuPont Fabros Technology, Inc. is a owner, developer, operator and manager of wholesale data centers and a real estate investment trust. Dupont Fabros Tech has a market cap of $1.37 billion; its shares were traded at around $23.2 with and P/S ratio of 6.9. The dividend yield of Dupont Fabros Tech stocks is 2.1%.

Added: Charles Schwab Corp. (SCHW)

Chris Davis added to his holdings in Charles Schwab Corp. by 136.15%. His purchase prices were between $12.76 and $15.43, with an estimated average price of $14.28. The impact to his portfolio due to this purchase was 0.05%. His holdings were 3,122,245 shares as of 09/30/2010.

Charles Schwab Corp. provides a full-service investing experience to customers through a clicks and mortar multi-dimensional, five channel offering of the Internet, branch offices, speech recognition, touch-tone telephone, e-mail and wireless technologies, multilingual and international services, and direct access to professionals day or night. Charles Schwab Corp. has a market cap of $18.36 billion; its shares were traded at around $15.38 with a P/E ratio of 30.2 and P/S ratio of 4.4. The dividend yield of Charles Schwab Corp. stocks is 1.5%. Charles Schwab Corp. had an annual average earning growth of 11.2% over the past 10 years.

Added: Entertainment Properties Trust (EPR)

Chris Davis added to his holdings in Entertainment Properties Trust by 23.63%. His purchase prices were between $36.32 and $46.21, with an estimated average price of $42.26. The impact to his portfolio due to this purchase was 0.03%. His holdings were 1,865,004 shares as of 09/30/2010.

Entertainment Properties Trust is a Real Estate Investment Trust whose principal business strategy is to acquire and develop a diversified portfolio of high-quality properties leased to entertainment-related business operators. Entertainment Properties Trust has a market cap of $2.26 billion; its shares were traded at around $48.6 with a P/E ratio of 14.8 and P/S ratio of 8.3. The dividend yield of Entertainment Properties Trust stocks is 5.3%. Entertainment Properties Trust had an annual average earning growth of 3.7% over the past 10 years.

Added: Cbl & Associates Properties Inc. (CBL)

Chris Davis added to his holdings in Cbl & Associates Properties Inc. by 20.98%. His purchase prices were between $11.2 and $14.66, with an estimated average price of $12.94. The impact to his portfolio due to this purchase was 0.01%. His holdings were 1,899,429 shares as of 09/30/2010.

CBL & Associates Properties, Inc. is a fully integrated real estate investment trust which owns, develops, acquires, leases, manages, and operates regional shopping malls, open-air centers, community centers and office properties. Cbl & Associates Properties Inc. has a market cap of $2.42 billion; its shares were traded at around $17.5 with a P/E ratio of 8.5 and P/S ratio of 2.1. The dividend yield of Cbl & Associates Properties Inc. stocks is 4.6%. Cbl & Associates Properties Inc. had an annual average earning growth of 3.6% over the past 10 years.

Added: Amb Property Corp. (AMB)

Chris Davis added to his holdings in Amb Property Corp. by 1258.67%. His purchase prices were between $22.24 and $26.52, with an estimated average price of $24.73. The impact to his portfolio due to this purchase was 0.01%. His holdings were 227,605 shares as of 09/30/2010.

AMB Property Corporation is one of the owners and operators of industrial real estate nationwide. Amb Property Corp. has a market cap of $5.03 billion; its shares were traded at around $29.91 with a P/E ratio of 13.1 and P/S ratio of 8. The dividend yield of Amb Property Corp. stocks is 3.8%.

Added: School Specialty Inc. (SCHS)

Chris Davis added to his holdings in School Specialty Inc. by 139.04%. His purchase prices were between $12.53 and $19.17, with an estimated average price of $15.91. The impact to his portfolio due to this purchase was 0.01%. His holdings were 479,564 shares as of 09/30/2010.

School Specialty, Inc. is one of the largest marketers of non- textbook educational supplies and furniture to schools for pre-kindergarten through twelfth grade. School Specialty Inc. has a market cap of $257.6 million; its shares were traded at around $13.65 with a P/E ratio of 24.4 and P/S ratio of 0.3. School Specialty Inc. had an annual average earning growth of 3.7% over the past 10 years. GuruFocus rated School Specialty Inc. the business predictability rank of 2.5-star.

Added: Waste Connections Inc. (WCN)

Chris Davis added to his holdings in Waste Connections Inc. by 50.42%. His purchase prices were between $23.1 and $26.7733, with an estimated average price of $25.42. The impact to his portfolio due to this purchase was 0.01%. His holdings were 285,800 shares as of 09/30/2010.

Waste Connections, Inc. is a regional, integrated solid waste services company that provides solid waste collection, transfer, disposal and recycling services in secondary markets of the Western U. Waste Connections Inc. has a market cap of $3.05 billion; its shares were traded at around $39.47 with a P/E ratio of 22.5 and P/S ratio of 2.6. The dividend yield of Waste Connections Inc. stocks is 0.8%. Waste Connections Inc. had an annual average earning growth of 9.7% over the past 10 years. GuruFocus rated Waste Connections Inc. the business predictability rank of 4-star.

Added: Intel Corp. (INTC)

Chris Davis added to his holdings in Intel Corp. by 48.61%. His purchase prices were between $17.665 and $21.78, with an estimated average price of $19.67. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 81,738 shares as of 09/30/2010.

Intel Corporation is one of the world's largest semiconductor chip maker. Intel Corp. has a market cap of $117.15 billion; its shares were traded at around $21.04 with a P/E ratio of 11.3 and P/S ratio of 3.4. The dividend yield of Intel Corp. stocks is 3%. Intel Corp. had an annual average earning growth of 2.5% over the past 10 years.

Added: U.s. Bancorp (USB)

Chris Davis added to his holdings in U.s. Bancorp by 42.45%. His purchase prices were between $20.71 and $24.51, with an estimated average price of $22.79. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 232,760 shares as of 09/30/2010.

U.S. Bancorp is a financial services holding company. U.s. Bancorp has a market cap of $48.91 billion; its shares were traded at around $25.51 with a P/E ratio of 16.6 and P/S ratio of 2.5. The dividend yield of U.s. Bancorp stocks is 0.8%. U.s. Bancorp had an annual average earning growth of 2.1% over the past 10 years.

New Purchase: Freeportmcmoran Copper & Gold Inc. (FCX)

Chris Davis initiated holdings in Freeportmcmoran Copper & Gold Inc.. His purchase prices were between $58.54 and $87.03, with an estimated average price of $72.96. The impact to his portfolio due to this purchase was 0.02%. His holdings were 110,157 shares as of 09/30/2010.

Freeport-McMoRan is engaged in mineral exploration and development, mining and milling of copper, gold, and silver in Indonesia, and the smelting and refining of copper concentrates in Spain and Indonesia. Freeportmcmoran Copper & Gold Inc. has a market cap of $49.14 billion; its shares were traded at around $104.33 with a P/E ratio of 12.7 and P/S ratio of 3.3. The dividend yield of Freeportmcmoran Copper & Gold Inc. stocks is 1.1%.

New Purchase: Plum Creek Timber Company Inc. (PCL)

Chris Davis initiated holdings in Plum Creek Timber Company Inc.. His purchase prices were between $33.51 and $38.6, with an estimated average price of $35.58. The impact to his portfolio due to this purchase was 0.02%. His holdings were 260,000 shares as of 09/30/2010.

Plum Creek Timber is the second largest private timberland owner in the United States, with approximately 7. Plum Creek Timber Company Inc. has a market cap of $6.24 billion; its shares were traded at around $38.6 with a P/E ratio of 36.1 and P/S ratio of 4.8. The dividend yield of Plum Creek Timber Company Inc. stocks is 4.4%. Plum Creek Timber Company Inc. had an annual average earning growth of 3.1% over the past 10 years.

New Purchase: Toll Brothers Inc. (TOL)

Chris Davis initiated holdings in Toll Brothers Inc.. His purchase prices were between $16.02 and $19.09, with an estimated average price of $17.43. The impact to his portfolio due to this purchase was 0.01%. His holdings were 302,637 shares as of 09/30/2010.

TOLL BROTHERS INC. designs, builds, markets and arranges financing for single-family detached and attached homes in middle and high income residential communities in thirteen staes and five regions around the country. Toll Brothers Inc. has a market cap of $3.22 billion; its shares were traded at around $19.41 with and P/S ratio of 1.8.

New Purchase: Sinovac Biotech Ltd (SVA)

Chris Davis initiated holdings in Sinovac Biotech Ltd. His purchase prices were between $3.66 and $4.53, with an estimated average price of $4.13. The impact to his portfolio due to this purchase was 0.01%. His holdings were 1,045,300 shares as of 09/30/2010.

Sonovac Biotech Ltd. specializes in the research, development, commercialization, and sales of human vaccines for infectious illnesses such as hepatitis A and hepatitis B, influenza, `SARS`, and avian flu. Sinovac Biotech Ltd has a market cap of $230.6 million; its shares were traded at around $4.26 with a P/E ratio of 12.5 and P/S ratio of 2.7.

New Purchase: Liberty Property Trust (LRY)

Chris Davis initiated holdings in Liberty Property Trust. His purchase prices were between $27.41 and $33.16, with an estimated average price of $30.86. The impact to his portfolio due to this purchase was 0.01%. His holdings were 200,000 shares as of 09/30/2010.

Liberty Property Trust is a self-administered and self-managed Maryland real estate investment trust. Liberty Property Trust has a market cap of $3.83 billion; its shares were traded at around $33.63 with a P/E ratio of 12.5 and P/S ratio of 5.2. The dividend yield of Liberty Property Trust stocks is 5.6%.

New Purchase: Eastgroup Properties Inc. (EGP)

Chris Davis initiated holdings in Eastgroup Properties Inc.. His purchase prices were between $33.39 and $37.97, with an estimated average price of $36.29. The impact to his portfolio due to this purchase was 0.01%. His holdings were 218,943 shares as of 09/30/2010.

EastGroup Properties is a self-administered real estate investment trust focused on ownership, acquisition and selective development of industrial properties. Eastgroup Properties Inc. has a market cap of $1.1 billion; its shares were traded at around $40.91 with and P/S ratio of 6.4. The dividend yield of Eastgroup Properties Inc. stocks is 5%. Eastgroup Properties Inc. had an annual average earning growth of 4.5% over the past 5 years.

New Purchase: Cemex S.a.b. De C.v. (CX)

Chris Davis initiated holdings in Cemex S.a.b. De C.v.. His purchase prices were between $7.65 and $9.95, with an estimated average price of $8.91. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 23,400 shares as of 09/30/2010.

CEMEX is one of the largest cement companies in the world, with close to 78 million metric tons of production capacity. Cemex S.a.b. De C.v. has a market cap of $9.54 billion; its shares were traded at around $9.55 with and P/S ratio of 0.7.

New Purchase: Colgatepalmolive Company (CL)

Chris Davis initiated holdings in Colgatepalmolive Company. His purchase prices were between $73.84 and $84.59, with an estimated average price of $78.29. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 5,612 shares as of 09/30/2010.

Colgate-Palmolive is a global consumer products company, tightly focused on Oral Care, Personal Care, Household Surface Care, Fabric Care and Pet Nutrition. Colgatepalmolive Company has a market cap of $37.39 billion; its shares were traded at around $76.94 with a P/E ratio of 16 and P/S ratio of 2.5. The dividend yield of Colgatepalmolive Company stocks is 2.7%. Colgatepalmolive Company had an annual average earning growth of 8.6% over the past 10 years. GuruFocus rated Colgatepalmolive Company the business predictability rank of 4-star.

New Purchase: Companhia Vale (VALE.P)

Chris Davis initiated holdings in Companhia Vale. His purchase prices were between $21.09 and $27.13, with an estimated average price of $24.1. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 84,309 shares as of 09/30/2010.

.

New Purchase: Wynn Resorts Ltd. (WYNN)

Chris Davis initiated holdings in Wynn Resorts Ltd.. His purchase prices were between $74.79 and $94.93, with an estimated average price of $86.32. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 2,476 shares as of 09/30/2010.

Wynn Resorts Limited and its wholly-owned subsidiaries Wynn Las Vegas and Wynn Capital will own and operate Le Reve, which they've designed to be the preeminent luxury hotel and destination casino resort in Las Vegas. Wynn Resorts Ltd. has a market cap of $14.11 billion; its shares were traded at around $114.25 with a P/E ratio of 91.4 and P/S ratio of 4.6. The dividend yield of Wynn Resorts Ltd. stocks is 0.4%.

Reduced: H&r Block Inc. (HRB)

Chris Davis reduced to his holdings in H&r Block Inc. by 98.23%. His sale prices were between $12.51 and $15.83, with an estimated average price of $14.01. The impact to his portfolio due to this sale was less than 0.01%. Chris Davis still held 121,572 shares as of 09/30/2010.

H&R Block Inc. is a diversified company involved in tax return preparation,electronic filing of income tax returns and other tax-related services. H&r Block Inc. has a market cap of $3.78 billion; its shares were traded at around $12.26 with a P/E ratio of 8 and P/S ratio of 1. The dividend yield of H&r Block Inc. stocks is 4.9%.

Reduced: Carefusion Corp. (CFN)

Chris Davis reduced to his holdings in Carefusion Corp. by 98.43%. His sale prices were between $20.68 and $25.16, with an estimated average price of $22.62. The impact to his portfolio due to this sale was less than 0.01%. Chris Davis still held 47,160 shares as of 09/30/2010.

CareFusion is a global corporation serving the health care industry with products and services that help hospitals measurably improve the safety and quality of care. Carefusion Corp. has a market cap of $5.14 billion; its shares were traded at around $23.11 with a P/E ratio of 17.3 and P/S ratio of 1.3.

Reduced: Paccar Inc (PCAR)

Chris Davis reduced to his holdings in Paccar Inc by 98.93%. His sale prices were between $39.16 and $47.69, with an estimated average price of $44.1. The impact to his portfolio due to this sale was less than 0.01%. Chris Davis still held 14,510 shares as of 09/30/2010.

PACCAR Inc. is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt, DAF and Foden nameplates. Paccar Inc has a market cap of $19.67 billion; its shares were traded at around $53.95 with a P/E ratio of 56.8 and P/S ratio of 2.7. The dividend yield of Paccar Inc stocks is 0.7%. Paccar Inc had an annual average earning growth of 14.3% over the past 10 years.

Reduced: Citigroup Inc. (C)

Chris Davis reduced to his holdings in Citigroup Inc. by 78.73%. His sale prices were between $3.66 and $4.3, with an estimated average price of $3.94. The impact to his portfolio due to this sale was -0.01%. Chris Davis still held 737,060 shares as of 09/30/2010.

Citigroup Inc., the global financial services company, has some two hundred million customer accounts and does business in more than hundred countries, providing consumers, corporations, governments, and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citigroup Inc. has a market cap of $128.07 billion; its shares were traded at around $4.42 with and P/S ratio of 1.4.

Reduced: Amazon.com Inc. (AMZN)

Chris Davis reduced to his holdings in Amazon.com Inc. by 88.48%. His sale prices were between $109.14 and $160.73, with an estimated average price of $130.34. The impact to his portfolio due to this sale was -0.01%. Chris Davis still held 51,582 shares as of 09/30/2010.

Amazon.com, Inc. seeks to be the world's most customer-centric company, where customers can find and discover anything they may want to buy online. Amazon.com Inc. has a market cap of $77.62 billion; its shares were traded at around $173.33 with a P/E ratio of 70.1 and P/S ratio of 3.2. Amazon.com Inc. had an annual average earning growth of 21.8% over the past 5 years.

Reduced: Ace, Ltd. (new) (ACE)

Chris Davis reduced to his holdings in Ace, Ltd. (new) by 31.24%. His sale prices were between $50.83 and $58.8, with an estimated average price of $54.54. The impact to his portfolio due to this sale was -0.01%. Chris Davis still held 169,860 shares as of 09/30/2010.

ACE LTD. provides excess liability insurance for bodily injury, property damage, & wrongful advertising. Ace, Ltd. (new) has a market cap of $20.7 billion; its shares were traded at around $61.08 with a P/E ratio of 7.9 and P/S ratio of 1.4. The dividend yield of Ace, Ltd. (new) stocks is 2.2%. Ace, Ltd. (new) had an annual average earning growth of 30.1% over the past 10 years.

Reduced: Simon Property Group Inc. (SPG)

Chris Davis reduced to his holdings in Simon Property Group Inc. by 20.75%. His sale prices were between $77.28 and $97.24, with an estimated average price of $90.11. The impact to his portfolio due to this sale was -0.02%. Chris Davis still held 629,509 shares as of 09/30/2010.

Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust which, through its subsidiary partnerships, is engaged in the ownership, development, management, leasing, acquisition and expansion of income-producing properties, primarily regional malls and community shopping centers. Simon Property Group Inc. has a market cap of $30.2 billion; its shares were traded at around $103.14 with a P/E ratio of 18.9 and P/S ratio of 8. The dividend yield of Simon Property Group Inc. stocks is 2.4%. Simon Property Group Inc. had an annual average earning growth of 3.7% over the past 10 years. GuruFocus rated Simon Property Group Inc. the business predictability rank of 2-star.

Reduced: Taubman Centers Inc. (TCO)

Chris Davis reduced to his holdings in Taubman Centers Inc. by 22.22%. His sale prices were between $35.98 and $46.27, with an estimated average price of $42.16. The impact to his portfolio due to this sale was -0.03%. Chris Davis still held 1,685,613 shares as of 09/30/2010.

TAUBMAN CENTERS, INC., a real estate investment trust, is the managing general partner of, and owns an interest in, The Taubman Realty Group Limited Partnership (TRG). Taubman Centers Inc. has a market cap of $2.68 billion; its shares were traded at around $48.99 with and P/S ratio of 4. The dividend yield of Taubman Centers Inc. stocks is 3.4%. Taubman Centers Inc. had an annual average earning growth of 5.4% over the past 10 years. GuruFocus rated Taubman Centers Inc. the business predictability rank of 4.5-star.

Reduced: Conocophillips (COP)

Chris Davis reduced to his holdings in Conocophillips by 79.36%. His sale prices were between $48.82 and $57.7, with an estimated average price of $54.44. The impact to his portfolio due to this sale was -0.03%. Chris Davis still held 376,023 shares as of 09/30/2010.

ConocoPhillips is a major international integrated energy company with operations in some 49 countries. Conocophillips has a market cap of $93.76 billion; its shares were traded at around $63.21 with a P/E ratio of 10.9 and P/S ratio of 0.6. The dividend yield of Conocophillips stocks is 3.4%. Conocophillips had an annual average earning growth of 18.2% over the past 10 years.

Reduced: Alexandria Real Estate Equities Inc. (ARE)

Chris Davis reduced to his holdings in Alexandria Real Estate Equities Inc. by 21.75%. His sale prices were between $60.83 and $73.36, with an estimated average price of $69.4. The impact to his portfolio due to this sale was -0.04%. Chris Davis still held 1,525,062 shares as of 09/30/2010.

Alexandria Real Estate Equities, Inc., Landlord and Developer of Choice to the Life Science Industry, is a publicly-traded real estate investment trust focused principally on the ownership, operation, management, selective redevelopment, development and acquisition of life science properties. Alexandria Real Estate Equities Inc. has a market cap of $3.62 billion; its shares were traded at around $72.42 with a P/E ratio of 16.5 and P/S ratio of 7.5. The dividend yield of Alexandria Real Estate Equities Inc. stocks is 2%. Alexandria Real Estate Equities Inc. had an annual average earning growth of 6.7% over the past 10 years. GuruFocus rated Alexandria Real Estate Equities Inc. the business predictability rank of 4-star.

Reduced: Boston Properties Inc. (BXP)

Chris Davis reduced to his holdings in Boston Properties Inc. by 35.13%. His sale prices were between $69.08 and $88.88, with an estimated average price of $81.97. The impact to his portfolio due to this sale was -0.04%. Chris Davis still held 734,636 shares as of 09/30/2010.

Boston Properties is a fully integrated, self-administered and self- managed real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of Class-A office, industrial and hotel properties. Boston Properties Inc. has a market cap of $12.03 billion; its shares were traded at around $86.32 with a P/E ratio of 17.5 and P/S ratio of 7.9. The dividend yield of Boston Properties Inc. stocks is 2.3%.

Reduced: Federal Realty Investment Trust (FRT)

Chris Davis reduced to his holdings in Federal Realty Investment Trust by 31.94%. His sale prices were between $68.91 and $83.32, with an estimated average price of $78.33. The impact to his portfolio due to this sale was -0.04%. Chris Davis still held 941,992 shares as of 09/30/2010.

Federal Realty Investment Trust is an owner, operator & redeveloper ofretail properties. Federal Realty Investment Trust has a market cap of $4.96 billion; its shares were traded at around $80.71 with and P/S ratio of 9.3. The dividend yield of Federal Realty Investment Trust stocks is 3.4%. Federal Realty Investment Trust had an annual average earning growth of 2% over the past 10 years. GuruFocus rated Federal Realty Investment Trust the business predictability rank of 4-star.

Reduced: Corporate Office Properties Trust (OFC)

Chris Davis reduced to his holdings in Corporate Office Properties Trust by 35.16%. His sale prices were between $35.43 and $39.27, with an estimated average price of $37.52. The impact to his portfolio due to this sale was -0.05%. Chris Davis still held 2,283,803 shares as of 09/30/2010.

Corporate Office Properties Trust is a fully-integrated and self-managed real estate investment trust that focuses principally on the ownership, management, leasing, acquisition and development of suburban office buildings located in select submarkets in the Mid-Atlantic region of the United States. Corporate Office Properties Trust has a market cap of $2.12 billion; its shares were traded at around $35.71 with a P/E ratio of 16.3 and P/S ratio of 2.8. The dividend yield of Corporate Office Properties Trust stocks is 4.6%. Corporate Office Properties Trust had an annual average earning growth of 2.1% over the past 5 years.

Reduced: Jpmorgan Chase & Co. (JPM)

Chris Davis reduced to his holdings in Jpmorgan Chase & Co. by 53.12%. His sale prices were between $35.63 and $41.64, with an estimated average price of $39.01. The impact to his portfolio due to this sale was -0.07%. Chris Davis still held 2,114,485 shares as of 09/30/2010.

J.P. Morgan Chase & Co. is a global financial services firm. Jpmorgan Chase & Co. has a market cap of $161.07 billion; its shares were traded at around $40.62 with a P/E ratio of 11.3 and P/S ratio of 1.6. The dividend yield of Jpmorgan Chase & Co. stocks is 0.5%.

Reduced: Abb Ltd. (ABB)

Chris Davis reduced to his holdings in Abb Ltd. by 45.38%. His sale prices were between $17.43 and $21.28, with an estimated average price of $19.74. The impact to his portfolio due to this sale was -0.16%. Chris Davis still held 9,626,383 shares as of 09/30/2010.

ABB Ltd, headquartered in Zurich, Switzerland, is engaged in providing power and automation technologies for its utility and industrial customers. Abb Ltd. has a market cap of $48.99 billion; its shares were traded at around $21.24 with a P/E ratio of 18.3 and P/S ratio of 1.6. Abb Ltd. had an annual average earning growth of 24.5% over the past 10 years.

Reduced: The Walt Disney Company Disney (DIS)

Chris Davis reduced to his holdings in The Walt Disney Company Disney by 76.87%. His sale prices were between $31.38 and $35.29, with an estimated average price of $33.7. The impact to his portfolio due to this sale was -0.18%. Chris Davis still held 3,999,673 shares as of 09/30/2010.

Walt Disney Company owns 100% of Disney Enterprises, Inc. The Walt Disney Company Disney has a market cap of $70.75 billion; its shares were traded at around $36.99 with a P/E ratio of 17.8 and P/S ratio of 2. The dividend yield of The Walt Disney Company Disney stocks is 0.9%. The Walt Disney Company Disney had an annual average earning growth of 11.2% over the past 10 years.

Reduced: News Corp. (NWSA)

Chris Davis reduced to his holdings in News Corp. by 52.88%. His sale prices were between $11.82 and $14.35, with an estimated average price of $13.16. The impact to his portfolio due to this sale was -0.22%. Chris Davis still held 17,979,465 shares as of 09/30/2010.

NEWS CORPORATION is a diversified entertainment company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; magazines and inserts; newspapers and information services; book publishing; and other. News Corp. has a market cap of $26.38 billion; its shares were traded at around $14.445 with a P/E ratio of 14.2 and P/S ratio of 0.8. The dividend yield of News Corp. stocks is 1%.

Reduced: Hewlettpackard Company (HPQ)

Chris Davis reduced to his holdings in Hewlettpackard Company by 26.14%. His sale prices were between $38 and $47.57, with an estimated average price of $42.45. The impact to his portfolio due to this sale was -0.3%. Chris Davis still held 15,075,979 shares as of 09/30/2010.

Hewlett Packard is one of the global providers of computing and imaging solutions and services for business and home. Hewlettpackard Company has a market cap of $100.14 billion; its shares were traded at around $44.16 with a P/E ratio of 10.1 and P/S ratio of 0.9. The dividend yield of Hewlettpackard Company stocks is 0.7%. Hewlettpackard Company had an annual average earning growth of 26.5% over the past 5 years.

Sold Out: Liberty Global Inc. Series C (LBTYK)

Chris Davis sold out his holdings in Liberty Global Inc. Series C. His sale prices were between $25.98 and $30.94, with an estimated average price of $28.59.

Liberty Global Inc. Series C has a market cap of $46.85 billion; its shares were traded at around $36.53 .

Sold Out: Brown & Brown Inc. (BRO)

Chris Davis sold out his holdings in Brown & Brown Inc.. His sale prices were between $18.9 and $20.5, with an estimated average price of $19.74.

Brown & Brown, Inc. and its subsidiaries offer a broad range of insurance and reinsurance products and services, as well as risk management, third party administration, managed health care, and Medicare set-aside services and programs. Brown & Brown Inc. has a market cap of $3.26 billion; its shares were traded at around $22.9 with a P/E ratio of 21.2 and P/S ratio of 3.3. The dividend yield of Brown & Brown Inc. stocks is 1.4%. Brown & Brown Inc. had an annual average earning growth of 16.2% over the past 10 years. GuruFocus rated Brown & Brown Inc. the business predictability rank of 2.5-star.

Sold Out: United Rentals Inc. (URI)

Chris Davis sold out his holdings in United Rentals Inc.. His sale prices were between $8.29 and $14.8, with an estimated average price of $12.4.

United Rentals, Inc. is one of North America's largest equipment rental companies with over branches in the majority of states, several Canadian provinces and Mexico. United Rentals Inc. has a market cap of $1.23 billion; its shares were traded at around $20.38 with and P/S ratio of 0.5.

Sold Out: Unitedhealth Group Inc. (UNH)

Chris Davis sold out his holdings in Unitedhealth Group Inc.. His sale prices were between $28.3 and $35.73, with an estimated average price of $32.34.

UnitedHealth Group Inc. offers health care coverage and related services to help people achieve improved health and well-being through all stages of life. Unitedhealth Group Inc. has a market cap of $41.78 billion; its shares were traded at around $37.16 with a P/E ratio of 9.3 and P/S ratio of 0.5. The dividend yield of Unitedhealth Group Inc. stocks is 1.4%. Unitedhealth Group Inc. had an annual average earning growth of 22.1% over the past 10 years. GuruFocus rated Unitedhealth Group Inc. the business predictability rank of 3.5-star.

Sold Out: Cousins Properties Inc. (CUZ)

Chris Davis sold out his holdings in Cousins Properties Inc.. His sale prices were between $6.02 and $7.3, with an estimated average price of $6.76.

Cousins Properties Inc., is an Atlanta-based, fully integrated, self administered equity REIT. Cousins Properties Inc. has a market cap of $797.8 million; its shares were traded at around $7.84 with and P/S ratio of 3.6.

Sold Out: Cardinal Health Inc. (CAH)

Chris Davis sold out his holdings in Cardinal Health Inc.. His sale prices were between $29.96 and $35.88, with an estimated average price of $32.68.

Cardinal Health, Inc. is one of the providers of products and services to healthcare providers and manufacturers to help them improve the efficiency and quality of healthcare. Cardinal Health Inc. has a market cap of $12.3 billion; its shares were traded at around $35.27 with a P/E ratio of 15.2 and P/S ratio of 0.1. The dividend yield of Cardinal Health Inc. stocks is 2.2%. Cardinal Health Inc. had an annual average earning growth of 1.5% over the past 10 years.

Sold Out: United Parcel Service, Inc. (UPS)

Chris Davis sold out his holdings in United Parcel Service, Inc.. His sale prices were between $56.76 and $67.76, with an estimated average price of $64.7.

United Parcel Service, Inc. is the world's largest express carrier, the world's largest package delivery company and a global provider of specialized transportation and logistics services. United Parcel Service, Inc. has a market cap of $67.44 billion; its shares were traded at around $68.07 with a P/E ratio of 21 and P/S ratio of 1.5. The dividend yield of United Parcel Service, Inc. stocks is 2.7%. United Parcel Service, Inc. had an annual average earning growth of 8.5% over the past 10 years. GuruFocus rated United Parcel Service, Inc. the business predictability rank of 5-star.

About the author:

gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

Rating: 2.0/5 (2 votes)

Comments

Moneymaker5o1
Moneymaker5o1 - 3 years ago


The firm’s flagship fund, David Financial Fund, has averaged 11.86% annually since 11.86%.

Please leave your comment:


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)
Free 7-day Trial
FEEDBACK