Davis Selected Advisers Buys U.S. Bancorp, Capital One Financial Corp, Raytheon Co, Sells New Oriental Education & Technology Group Inc, Microsoft Corp, Adient PLC

• New Purchases: RTN, VMW, ULTA,
• Added Positions: USB, COF, RTX, AMAT, WFC, CI, OC, PNC, WUBA, BAC, JCI, JCAP, SPG, HST, DEI, CONE, SHO, WELL, BRX, APA, HOLI, TRNO, HPP, DWLD, REXR, QRVO, DFNL, DINT, DUSA, VTR, EQIX, ESS, ACC, BIDU, BXP, CPT, MGY, CUZ, CCI, TCOM, EQR, COR, EXR, FRT, PEAK, ROIC, NVS, SLG, LSI, VNO,
• Reduced Positions: EDU, AMZN, BABA, GOOG, BRK.A, MSFT, ADNT, JD, CB, FB, GOOGL, AXP, HUM, JPM, BRK.B, BK, ORCL, MKL, RE, TXN, GLRE, L, AVB, IVE, PLD, STT, Y, GS, PSA, AKR, ARE, COG, SCHW, AMH, OVV, UNH, BKNG, SFUN, APTV, DLR, GLIBA, LBTYK, QUOT, EXPE, LRCX, LTRPA, LILAK, SAP,
• Sold Out: AZUL, REG, TEDU, BDN, ELS, SUI, RHP, LPT, CUBE, MAC, ALEX, DD, QRTEA, DOW, IWV,

For the details of Chris Davis's stock buys and sells, go to https://www.gurufocus.com/guru/chris+davis/current-portfolio/portfolio

1. Amazon.com Inc (AMZN) - 539,423 shares, 7.20% of the total portfolio. Shares reduced by 11.14%
2. Alphabet Inc (GOOG) - 800,800 shares, 6.37% of the total portfolio. Shares reduced by 9.17%
3. Capital One Financial Corp (COF) - 15,994,663 shares, 5.52% of the total portfolio. Shares added by 20.94%
4. Wells Fargo & Co (WFC) - 27,636,091 shares, 5.43% of the total portfolio. Shares added by 4.34%
5. Berkshire Hathaway Inc (BRK.A) - 2,809 shares, 5.23% of the total portfolio. Shares reduced by 10.11%

Davis Selected Advisers initiated holding in Raytheon Co. The purchase prices were between $112.61 and $232.31, with an estimated average price of $199.29. The stock is now traded at around $116.96. The impact to a portfolio due to this purchase was 0.93%. The holding were 1,040,096 shares as of .

Davis Selected Advisers initiated holding in VMware Inc. The purchase prices were between $93.01 and $162.33, with an estimated average price of $138.29. The stock is now traded at around $133.82. The impact to a portfolio due to this purchase was 0.02%. The holding were 25,320 shares as of .

Davis Selected Advisers initiated holding in Ulta Beauty Inc. The purchase prices were between $128.52 and $301.34, with an estimated average price of $250.45. The stock is now traded at around $200.97. The impact to a portfolio due to this purchase was less than 0.01%. The holding were 3,080 shares as of .

Davis Selected Advisers added to a holding in U.S. Bancorp by 56.26%. The purchase prices were between $28.93 and $59.29, with an estimated average price of $48.59. The stock is now traded at around $31.17. The impact to a portfolio due to this purchase was 1.11%. The holding were 13,102,156 shares as of .

Davis Selected Advisers added to a holding in Capital One Financial Corp by 20.94%. The purchase prices were between $42.87 and $106.76, with an estimated average price of $88.63. The stock is now traded at around $59.16. The impact to a portfolio due to this purchase was 0.96%. The holding were 15,994,663 shares as of .

Davis Selected Advisers added to a holding in Cigna Corp by 78.33%. The purchase prices were between $130.06 and $222.56, with an estimated average price of $194.84. The stock is now traded at around $184.46. The impact to a portfolio due to this purchase was 0.17%. The holding were 316,250 shares as of .

Davis Selected Advisers added to a holding in PNC Financial Services Group Inc by 51.75%. The purchase prices were between $80.64 and $160.81, with an estimated average price of $135.33. The stock is now traded at around $97.84. The impact to a portfolio due to this purchase was 0.11%. The holding were 481,645 shares as of .

Davis Selected Advisers added to a holding in Owens-Corning Inc by 126.69%. The purchase prices were between $31.11 and $67.89, with an estimated average price of $56.36. The stock is now traded at around $40.61. The impact to a portfolio due to this purchase was 0.11%. The holding were 707,326 shares as of .

Davis Selected Advisers added to a holding in 58.com Inc by 59.53%. The purchase prices were between $43.26 and $69.37, with an estimated average price of $57.79. The stock is now traded at around $51.26. The impact to a portfolio due to this purchase was 0.11%. The holding were 912,598 shares as of .

Davis Selected Advisers sold out a holding in Azul SA. The sale prices were between $6.01 and $44.3, with an estimated average price of $32.18.

Davis Selected Advisers sold out a holding in Regency Centers Corp. The sale prices were between $34.88 and $64.24, with an estimated average price of $57.79.

Davis Selected Advisers sold out a holding in Tarena International Inc. The sale prices were between $1.96 and $4.55, with an estimated average price of $2.94.

Davis Selected Advisers sold out a holding in Brandywine Realty Trust. The sale prices were between $7.85 and $16.24, with an estimated average price of $14.18.

Davis Selected Advisers sold out a holding in Sun Communities Inc. The sale prices were between $101.94 and $172.66, with an estimated average price of $151.32.

Davis Selected Advisers sold out a holding in Equity Lifestyle Properties Inc. The sale prices were between $45.24 and $77.28, with an estimated average price of $68.39.

Davis Selected Advisers reduced to a holding in New Oriental Education & Technology Group Inc by 33.84%. The sale prices were between $103.85 and $141.76, with an estimated average price of $128.59. The stock is now traded at around $119.92. The impact to a portfolio due to this sale was -2.01%. Davis Selected Advisers still held 6,775,217 shares as of .

Davis Selected Advisers reduced to a holding in Microsoft Corp by 53.49%. The sale prices were between $135.42 and $188.7, with an estimated average price of $164.71. The stock is now traded at around $180.53. The impact to a portfolio due to this sale was -0.5%. Davis Selected Advisers still held 575,739 shares as of .

Davis Selected Advisers reduced to a holding in Adient PLC by 69.32%. The sale prices were between $6.53 and $28.42, with an estimated average price of $20.3. The stock is now traded at around $15.53. The impact to a portfolio due to this sale was -0.32%. Davis Selected Advisers still held 1,399,699 shares as of .

Davis Selected Advisers reduced to a holding in JD.com Inc by 21.12%. The sale prices were between $35.23 and $44.62, with an estimated average price of $39.92. The stock is now traded at around $48.96. The impact to a portfolio due to this sale was -0.19%. Davis Selected Advisers still held 4,104,087 shares as of .

Davis Selected Advisers reduced to a holding in Humana Inc by 43.01%. The sale prices were between $214.43 and $380.2, with an estimated average price of $338.77. The stock is now traded at around $385.81. The impact to a portfolio due to this sale was -0.1%. Davis Selected Advisers still held 73,623 shares as of .

Davis Selected Advisers reduced to a holding in Everest Re Group Ltd by 36.14%. The sale prices were between $171.96 and $291.78, with an estimated average price of $256.61. The stock is now traded at around $161.72. The impact to a portfolio due to this sale was -0.05%. Davis Selected Advisers still held 63,347 shares as of .