Davis Selected Advisers Buys General Electric Co, Applied Materials Inc, New Oriental Education & Technology Group Inc, Sells Johnson Controls International PLC, JPMorgan Chase, Occidental Petroleum Corp

• New Purchases: GE, BB, AZUL, WELL, ELS, BPY, IVE, MAA, RHP, SUI,
• Added Positions: AMAT, EDU, MGY, JD, GLRE, STT, HOLI, DINT, ADNT, YRD,
• Reduced Positions: JCI, JPM, AMZN, ECA, GOOGL, GOOG, BRK.A, BK, AXP, TXN,
• Sold Out: OXY, ANGI, AIG, EQM, DCT, JBGS, EDR, MCO, SWCH,

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

1. Amazon.com Inc (AMZN) - 730,620 shares, 6.29% of the total portfolio. Shares reduced by 19.09%
2. Wells Fargo & Co (WFC) - 27,120,401 shares, 6.13% of the total portfolio. Shares added by 0.19%
3. Capital One Financial Corp (COF) - 13,447,161 shares, 5.49% of the total portfolio. Shares reduced by 0.09%
4. Alphabet Inc (GOOG) - 1,033,428 shares, 5.3% of the total portfolio. Shares reduced by 8.04%
5. Apache Corp (APA) - 24,053,664 shares, 4.93% of the total portfolio. Shares added by 0.42%

Davis Selected Advisers initiated holding in General Electric Co. The purchase prices were between $11.27 and $14.17, with an estimated average price of $12.86. The stock is now traded at around $8.33. The impact to a portfolio due to this purchase was 3.09%. The holding were 63,638,716 shares as of 2018-09-30.

Davis Selected Advisers initiated holding in BlackBerry Ltd. The purchase prices were between $9.7 and $11.38, with an estimated average price of $10.22. The stock is now traded at around $9.03. The impact to a portfolio due to this purchase was 0.11%. The holding were 2,244,086 shares as of 2018-09-30.

Davis Selected Advisers initiated holding in Welltower Inc. The purchase prices were between $61.7 and $67.46, with an estimated average price of $64.59. The stock is now traded at around $69.35. The impact to a portfolio due to this purchase was 0.03%. The holding were 105,868 shares as of 2018-09-30.

Davis Selected Advisers initiated holding in Azul SA. The purchase prices were between $15.65 and $20.74, with an estimated average price of $17.68. The stock is now traded at around $25.65. The impact to a portfolio due to this purchase was 0.03%. The holding were 402,288 shares as of 2018-09-30.

Davis Selected Advisers initiated holding in iShares S&P 500 Value. The purchase prices were between $110.03 and $118.53, with an estimated average price of $114.72. The stock is now traded at around $111.69. The impact to a portfolio due to this purchase was 0.01%. The holding were 11,488 shares as of 2018-09-30.

Davis Selected Advisers initiated holding in Brookfield Property Partners LP. The purchase prices were between $18.96 and $20.92, with an estimated average price of $19.95. The stock is now traded at around $19.19. The impact to a portfolio due to this purchase was 0.01%. The holding were 60,746 shares as of 2018-09-30.

Davis Selected Advisers added to a holding in Applied Materials Inc by 1948.23%. The purchase prices were between $38.26 and $50.18, with an estimated average price of $44.23. The stock is now traded at around $33.50. The impact to a portfolio due to this purchase was 1.67%. The holding were 10,568,412 shares as of 2018-09-30.

Davis Selected Advisers added to a holding in New Oriental Education & Technology Group Inc by 63.00%. The purchase prices were between $67.58 and $98.13, with an estimated average price of $83.05. The stock is now traded at around $58.91. The impact to a portfolio due to this purchase was 0.98%. The holding were 7,944,790 shares as of 2018-09-30.

Davis Selected Advisers added to a holding in Magnolia Oil & Gas Corp by 413.20%. The purchase prices were between $10.89 and $15.01, with an estimated average price of $13.03. The stock is now traded at around $12.21. The impact to a portfolio due to this purchase was 0.64%. The holding were 12,419,690 shares as of 2018-09-30.

Davis Selected Advisers added to a holding in JD.com Inc by 45.82%. The purchase prices were between $24.51 and $39.46, with an estimated average price of $32.82. The stock is now traded at around $22.47. The impact to a portfolio due to this purchase was 0.23%. The holding were 6,586,418 shares as of 2018-09-30.

Davis Selected Advisers added to a holding in Greenlight Capital Re Ltd by 1421.29%. The purchase prices were between $11.75 and $15.3, with an estimated average price of $13.21. The stock is now traded at around $10.64. The impact to a portfolio due to this purchase was 0.09%. The holding were 1,901,610 shares as of 2018-09-30.

Davis Selected Advisers added to a holding in State Street Corporation by 44.93%. The purchase prices were between $82.85 and $95.33, with an estimated average price of $87.86. The stock is now traded at around $71.63. The impact to a portfolio due to this purchase was 0.08%. The holding were 713,517 shares as of 2018-09-30.

Davis Selected Advisers sold out a holding in Occidental Petroleum Corp. The sale prices were between $75.74 and $85.7, with an estimated average price of $80.82.

Davis Selected Advisers sold out a holding in ANGI Homeservices Inc. The sale prices were between $15.3 and $23.48, with an estimated average price of $19.25.

Davis Selected Advisers sold out a holding in American International Group Inc. The sale prices were between $52 and $55.56, with an estimated average price of $53.68.

Davis Selected Advisers sold out a holding in EQM Midstream Partners LP. The sale prices were between $50.08 and $57.92, with an estimated average price of $54.53.

Davis Selected Advisers sold out a holding in DCT Industrial Trust Inc. The sale prices were between $63.38 and $69.01, with an estimated average price of $66.22.

Davis Selected Advisers sold out a holding in JBG SMITH Properties. The sale prices were between $35.12 and $37.81, with an estimated average price of $36.81.

Davis Selected Advisers reduced to a holding in Johnson Controls International PLC by 50.39%. The sale prices were between $33.32 and $40.01, with an estimated average price of $36.83. The stock is now traded at around $35.41. The impact to a portfolio due to this sale was -1.91%. Davis Selected Advisers still held 13,239,234 shares as of 2018-09-30.

Davis Selected Advisers reduced to a holding in JPMorgan Chase & Co by 32.05%. The sale prices were between $103.61 and $118.63, with an estimated average price of $113.52. The stock is now traded at around $109.69. The impact to a portfolio due to this sale was -1.69%. Davis Selected Advisers still held 8,093,313 shares as of 2018-09-30.

Davis Selected Advisers reduced to a holding in Encana Corp by 27.75%. The sale prices were between $11.9 and $14.21, with an estimated average price of $12.96. The stock is now traded at around $8.38. The impact to a portfolio due to this sale was -0.89%. Davis Selected Advisers still held 41,681,882 shares as of 2018-09-30.

Davis Selected Advisers reduced to a holding in Alphabet Inc by 20.04%. The sale prices were between $1116.28 and $1285.5, with an estimated average price of $1209.62. The stock is now traded at around $1058.44. The impact to a portfolio due to this sale was -0.64%. Davis Selected Advisers still held 528,336 shares as of 2018-09-30.

Davis Selected Advisers reduced to a holding in KKR & Co Inc by 37.7%. The sale prices were between $25.1 and $28.25, with an estimated average price of $26.72. The stock is now traded at around $22.93. The impact to a portfolio due to this sale was -0.09%. Davis Selected Advisers still held 1,497,846 shares as of 2018-09-30.