Value shop Davis Funds just their second quarter portfolio. The firm has been run by Davis family for three generations. Its flagship fund Davis New York Venture Fund, run by Chris Davis and Ken Feinberg, averaged 6% a year in the last 10 years. The managers said in a recent interview that they are still seeing a lot of opportunities.
Chris Davis buys UnitedHealth Group, Liberty Global, Laboratory Corporation of America, Air Products & Chemicals, Digital Realty Trust, Inc., Boston Properties Inc, Wesco Aircraft Holdings Inc, SINA Corporation, AvalonBay etc, according to the most recent filings of his investment company, Davis Selected Advisers. As of 06/30/2013, Davis Selected Advisers owns 193 stocks with a total value of $39.4 billion. These are the details of the buys and sells.
This is the sector weightings of his portfolio:
These are the top 5 holdings of Chris Davis
1. American Express Co (AXP) - 37,779,862 shares, 7.2% of the total portfolio. Shares reduced by 5.4%
2. Wells Fargo & Co (WFC) - 60,400,962 shares, 6.3% of the total portfolio. Shares reduced by 5.67%
3. Bank of New York Mellon Corp (BK) - 87,249,185 shares, 6.2% of the total portfolio. Shares reduced by 4%
4. Google, Inc. (GOOG) - 2,678,747 shares, 6.0% of the total portfolio. Shares reduced by 0.86%
5. CVS Caremark Corp (CVS) - 38,896,601 shares, 5.6% of the total portfolio. Shares reduced by 9.39%
New Purchase: Liberty Global PLC (LBTYK)
Chris Davis initiated holdings in Liberty Global PLC. His purchase prices were between $64.57 and $73.78, with an estimated average price of $69.23. The impact to his portfolio due to this purchase was 1%. His holdings were 5,827,348 shares as of 06/30/2013.
New Purchase: Wesco Aircraft Holdings Inc (WAIR)
Chris Davis initiated holdings in Wesco Aircraft Holdings Inc. His purchase prices were between $13.9 and $18.81, with an estimated average price of $16.52. The impact to his portfolio due to this purchase was 0.07%. His holdings were 1,437,261 shares as of 06/30/2013.
New Purchase: SINA Corporation (SINA)
Chris Davis initiated holdings in SINA Corporation. His purchase prices were between $46.26 and $61.57, with an estimated average price of $54.61. The impact to his portfolio due to this purchase was 0.04%. His holdings were 275,943 shares as of 06/30/2013.
Added: UnitedHealth Group Inc (UNH, Financial)
Chris Davis added to his holdings in UnitedHealth Group Inc by 80.72%. His purchase prices were between $58.54 and $66.09, with an estimated average price of $62.22. The impact to his portfolio due to this purchase was 1.12%. His holdings were 14,750,586 shares as of 06/30/2013.
Added: Laboratory Corporation of America Holdings (LH, Financial)
Chris Davis added to his holdings in Laboratory Corporation of America Holdings by 41.41%. His purchase prices were between $90.63 and $100.96, with an estimated average price of $96.63. The impact to his portfolio due to this purchase was 0.44%. His holdings were 5,883,020 shares as of 06/30/2013.
Added: Air Products & Chemicals Inc (APD, Financial)
Chris Davis added to his holdings in Air Products & Chemicals Inc by 8.67%. His purchase prices were between $84.28 and $96.58, with an estimated average price of $90.87. The impact to his portfolio due to this purchase was 0.14%. His holdings were 7,226,703 shares as of 06/30/2013.
Here is the complete portfolio of Chris Davis. Also check out:
1. Chris Davis's Undervalued Stocks
2. Chris Davis's Top Growth Companies, and
3. Chris Davis's High Yield stocks
4. Stocks that Chris Davis keeps buying
Chris Davis buys UnitedHealth Group, Liberty Global, Laboratory Corporation of America, Air Products & Chemicals, Digital Realty Trust, Inc., Boston Properties Inc, Wesco Aircraft Holdings Inc, SINA Corporation, AvalonBay etc, according to the most recent filings of his investment company, Davis Selected Advisers. As of 06/30/2013, Davis Selected Advisers owns 193 stocks with a total value of $39.4 billion. These are the details of the buys and sells.
- New Purchases: LBTYK, WAIR, SINA, BPY, AKR, DCT, LVS, SFUN,
- Added Positions: UNH, LH, APD, DLR, BXP, VNO, FCE.A, ESS, AVB, AMT, FRT, TCO, PPS, ACC, VIPS, LHO, CHRW, ATI, SAP, SBAC, GGP, CCG, CLP,
- Reduced Positions: PGR, MON, L, DVN, CVS, DIS, AXP, WFC, COST, OXY, BK, SYY, KO, ESRX, EOG, TIF, BBBY, POT, ARE, HPQ, CNQ, RIG, ACE, IRM, CME, OAK, UN, NLSN, RYN, VTR, DFT, JNJ, EXPD, BMR, SLG, UHS, X,
- Sold Out: GRPN, EQR, AON, KIM, HCP, HIW, MSI, PLD, TECH, WU,
This is the sector weightings of his portfolio:
| Financial Services | 38.7% |
| Consumer Defensive | 12.3% |
| Technology | 12% |
| Consumer Cyclical | 9.1% |
| Energy | 7% |
| Healthcare | 6.6% |
| Basic Materials | 5.4% |
| Real Estate | 3.8% |
| Industrials | 3.5% |
| Communication Services | 1.3% |
These are the top 5 holdings of Chris Davis
1. American Express Co (AXP) - 37,779,862 shares, 7.2% of the total portfolio. Shares reduced by 5.4%
2. Wells Fargo & Co (WFC) - 60,400,962 shares, 6.3% of the total portfolio. Shares reduced by 5.67%
3. Bank of New York Mellon Corp (BK) - 87,249,185 shares, 6.2% of the total portfolio. Shares reduced by 4%
4. Google, Inc. (GOOG) - 2,678,747 shares, 6.0% of the total portfolio. Shares reduced by 0.86%
5. CVS Caremark Corp (CVS) - 38,896,601 shares, 5.6% of the total portfolio. Shares reduced by 9.39%
New Purchase: Liberty Global PLC (LBTYK)
Chris Davis initiated holdings in Liberty Global PLC. His purchase prices were between $64.57 and $73.78, with an estimated average price of $69.23. The impact to his portfolio due to this purchase was 1%. His holdings were 5,827,348 shares as of 06/30/2013.
New Purchase: Wesco Aircraft Holdings Inc (WAIR)
Chris Davis initiated holdings in Wesco Aircraft Holdings Inc. His purchase prices were between $13.9 and $18.81, with an estimated average price of $16.52. The impact to his portfolio due to this purchase was 0.07%. His holdings were 1,437,261 shares as of 06/30/2013.
New Purchase: SINA Corporation (SINA)
Chris Davis initiated holdings in SINA Corporation. His purchase prices were between $46.26 and $61.57, with an estimated average price of $54.61. The impact to his portfolio due to this purchase was 0.04%. His holdings were 275,943 shares as of 06/30/2013.
Added: UnitedHealth Group Inc (UNH, Financial)
Chris Davis added to his holdings in UnitedHealth Group Inc by 80.72%. His purchase prices were between $58.54 and $66.09, with an estimated average price of $62.22. The impact to his portfolio due to this purchase was 1.12%. His holdings were 14,750,586 shares as of 06/30/2013.
Added: Laboratory Corporation of America Holdings (LH, Financial)
Chris Davis added to his holdings in Laboratory Corporation of America Holdings by 41.41%. His purchase prices were between $90.63 and $100.96, with an estimated average price of $96.63. The impact to his portfolio due to this purchase was 0.44%. His holdings were 5,883,020 shares as of 06/30/2013.
Added: Air Products & Chemicals Inc (APD, Financial)
Chris Davis added to his holdings in Air Products & Chemicals Inc by 8.67%. His purchase prices were between $84.28 and $96.58, with an estimated average price of $90.87. The impact to his portfolio due to this purchase was 0.14%. His holdings were 7,226,703 shares as of 06/30/2013.
Here is the complete portfolio of Chris Davis. Also check out:
1. Chris Davis's Undervalued Stocks
2. Chris Davis's Top Growth Companies, and
3. Chris Davis's High Yield stocks
4. Stocks that Chris Davis keeps buying
