Chris Davis

Chris Davis

Last Update: 2014-09-08

Number of Stocks: 175
Number of New Stocks: 11

Total Value: $33,639 Mil
Q/Q Turnover: 6%

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

Chris Davis' s Profile & Performance

Profile

Davis Advisors manages more than $60 billion across several different asset classes. Chris Davis is the portfolio manager of Davis Financial Fund.

Web Page:http://www.davisfunds.com/probios.html

Investing Philosophy

Davis purchases durable, well-managed businesses that can be purchased at value prices and held for the long term (average holding period of a stock in the Davis New York Venture Fund is four to seven years). Davis focuses primarily on financial services companies. He looks to buy companies when they are out of favor.

Total Holding History

Performance of Davis Financial Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
201331.4531.55-0.1
201218.1515.42.8
2011-9.022.08-11.1
3-Year Cumulative41.3 (12.2%/year)55 (15.7%/year)-13.7 (-3.5%/year)
201011.2515.06-3.8
200946.0226.4619.6
5-Year Cumulative129.5 (18.1%/year)125.5 (17.7%/year)4 (0.4%/year)
2008-45.62-37-8.6
2007-5.315.61-10.9
200618.7415.792.9
20058.034.913.1
200412.11120.1
10-Year Cumulative70 (5.4%/year)104.1 (7.4%/year)-34.1 (-2%/year)
200336.8628.78.2
2002-18.98-22.13.1
2001-9.15-11.92.8
200032.16-9.141.3
1999-0.8521-21.9
15-Year Cumulative124.4 (5.5%/year)98.3 (4.7%/year)26.1 (0.8%/year)
199814.1728.6-14.4
199744.5333.411.1
199631.5238.5
199550.5137.612.9
1994-4.551.3-5.9
20-Year Cumulative599.4 (10.2%/year)483.2 (9.2%/year)116.2 (1%/year)
199314.8710.14.8
199232.67.625.0

Top Ranked Articles

The Washington Post is not as cheap as you think.
The stock is officially one of the ten most hated stocks in the US. These stocks have more than 35% of analysts rating them “sell”. The opinion of analysts notwithstanding, Mason Hawkins, Tom Russo, Ruane Cunniff, Chris Davis, Tom Gayner , Charles de Vaulx and Warren Buffett own shares of the company. Read more...
Kohl's- 20% off for a limited time only!
A while ago I ran a quick screen for cheap stocks with demonstrated earnings growth and a strong financial position. Often, screening for stocks leads me to small or unheard of companies, which sometimes do indeed present valuable opportunities. However, after this particular screen, one company was on my list which I needed no introduction to- Kohl’s. After a cursory analysis, I decided to research the company more thoroughly… Read more...
David Winters and Chris Davis Interviewed By Wealthtrack
David Winters and Chris Davis Interviewed By Wealthtrack. Read more...
Chris Davis Q1 Portfolio: Buys Pfizer Inc, Becton Dickinson, Activision Inc., Merck & Co. Inc., Sells AFLAC Inc., Altria Group Inc.
"In a bear market you work harder, earn less, but add more value." Shelby M.C. Davis notes. Davis Funds tend to buy market leaders with strong balance sheets, "Out-of-the-spotlight" businesses and headline risk or contrarian investments. This is the Q1 portfolio of Davis Funds. Read more...
Guru Stocks Raising Dividends: CTS, UBA, UDR, WDR, CHCO
This is the group of companies who raised their dividend during the week: CTS Corp., Urstadt Biddle Properties Inc. Cl A, UDR, Waddell & Reed Financial Inc., and City Holding Company. Read more...
» More Chris Davis Articles

Commentaries and Stories

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Chris Davis Comments on Kühne & Nagel International AG
A current contrarian investment is Kuehne+Nagel (XSWX:KNIN), one of the world’s leading freight forwarders, whose business is currently out of favor due to the slowdown in global trade that we believe will be a temporary headwind. This Swiss-based company works behind the scenes to arrange the transport of heavy cargo typically from a manufacturer in one part of the world to a buyer who may be thousands of miles away. Logistics businesses like Kuehne+Nagel not only play a critical role in global trade but also are essential in managing the increasingly complex supply chain of global multinationals. While trade volume is cyclical in nature over the short term, we believe that the long-term trend in global trade favors growth and Kuehne+Nagel is well positioned to benefit from this tailwind in the years ahead. More...

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Chris Davis Comments on Groupe Bruxelles Lambert
Groupe Bruxelles Lambert (XBRU:GBLB), an investment holding company listed on the Brussels Stock Exchange since 1956, is an example of an out-of-the-spotlight business in the Portfolio. The company, whose capitalization makes it one of the largest firms in Belgium, is an investment vehicle for Belgium businessmen Albert and Gerald Frère and the Desmarais family in Canada. Groupe Bruxelles Lambert tends to concentrate its investments in a handful of mostly European public companies it believes are undervalued industry leaders. Holdings include the integrated energy and chemicals company Total, the international utility company GDF Suez, the building materials firm Lafarge, the industrial minerals company Imerys, and the global wines and spirits company Pernod Ricard, all of which are based in France. Because the stock of Groupe Bruxelles Lambert trades at a significant discount to the market value of its investments, our ownership of this stock allows us to participate in this portfolio of businesses at a steeply discounted price. More...

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Chris Davis Comments on Essilor International SA
Another example of a global market leader is Essilor (XPAR:EI), the world’s leading provider of coated prescription eyeglass lenses. Based in France, the company’s reach is truly global as it operates in more than 100 countries and dominates the market on every continent. It is also an innovator with a strong global research and development effort and regularly adds to its base of more than 5,000 patents. Essilor estimates as much as two-thirds of the world’s population could be helped by corrective lenses but only about a quarter so far have corrected vision, offering the company significant growth opportunities in the years ahead. More...

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Chris Davis Comments on Cie Financiere Richemont SA
An example of a global market leader in the Portfolio is Compagnie Financière Richemont (XSWX:CFR), one of the world’s leading luxury goods groups. This Swiss-based company owns some of the world’s most prestigious brands, including jewelers Cartier and Van Cleef & Arpels; watchmakers Piaget, Vacheron Constantin, Jaeger-LeCoultre, Officine Panerai, and IWC; and makers of fine writing instruments such as Montblanc. Richemont has been adding stores in flagship cities, a strategy that offers better brand control and higher margins than its wholesale channel. Its powerful brands provide pricing power and act as a barrier to competitors. Long term we believe Richemont is well positioned to benefit from the global wealth effect, particularly in fast-growing emerging markets. More...

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Chris Davis Comments on Bank of New York Mellon
Bank of New York Mellon (BK) is a third example of the type of financial services businesses that Davis Advisors finds attractive. This company is a behind-the-scenes giant in the mundane yet durable businesses of trust services, asset custody, transaction processing, and asset management. While less widely understood than its traditional banking peers, Bank of New York Mellon is at the forefront of its industry in size and depth, operating in 35 countries with a leading $27.9 trillion under custody and/or administration. Although not in a glamorous industry, we believe its business lines are profitable, scalable, less risky, and less capital intensive than traditional banking with good long-term growth potential worldwide. More...

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Chris Davis Comments on Wells Fargo
Wells Fargo (WFC), another representative holding in the Fund, is one of the largest and we believe best-managed financial services companies in the United States. Wells Fargo provides banking, insurance, investment, mortgage, and consumer finance services across North America through its branch network as well as other channels. A key competitive advantage is its sizeable, low-cost retail deposit base that enables it to generate one of the highest net interest margins in the industry. We believe that risk management is a core company strength and that this business is well positioned for the years ahead. More...

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Chris Davis’ Davis Financial Fund Semi-Annual Review 2014
Q: Please provide an overview of Davis Financial Fund. More...

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Chris Davis International Fund Semi-Annual Portfolio Review Chris Davis - Chris Davis International Fund Semi-Annual Portfolio Review
Q: Please discuss the Fund’s recent performance. More...

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Chris Davis Opportunity Fund Research Team Commentary Q2 2014
Q: Please provide an overview of Davis Opportunity Fund. More...

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Chris Davis International Funds - An Update from The Davis Research Team 2nd Quarter
Q: Please discuss the Fund’s recent performance. More...

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SBA Communications: A Leading Operator of Wireless Communications Towers
In this article, let's take a look at SBA Communications Corp. (SBAC), a $14.2 billion market cap company that owns and operates wireless communications towers in the United States, Canada, Costa Rica, El Salvador, Guatemala, Nicaragua, Panama and Brazil. It generates revenues from two businesses: site leasing and site development. More...

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General Electric is Overvalued Based on DDM Analysis
In this article, let´s consider General Electric Company (GE), a $265 billion market cap, which has a trailing P/E ratio that indicates that the stock is relatively undervalued (PE 20.7x vs Industry Median 23.2x). More...

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Nike Maintains a Strong Presence Outside the U.S.
In this article, let's take a look at Nike, Inc. (NKE), a $68.85 billion market cap company, which is the world's leading designer and marketer of high-quality athletic footwear, athletic apparel and accessories. More...

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Top Five Mega-Cap Stocks That Gurus Like PRIMECAP Management,Chris Davis - Top Five Mega-Cap Stocks That Gurus Like
Using the GuruFocus Aggregated Portfolio Screener you can filter results to see what companies maintain the highest amount of guru ownership. By using this screener, we filtered down to see mega cap companies which are held by the most gurus. The following five mega-capped companies are held by the largest number of gurus during the past quarter. More...

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Chris Davis Comments on UnitedHealth Group
UnitedHealth Group (UNH), the largest health care insurance company in the United States, is an example of a headline risk or contrarian holding in the Portfolio. The company focuses solely on its core health care business and has a diversified product line in most major segments including underwriting health insurance plans for large employers, administering plans on a non-risk basis, and offering Medicare Advantage as an alternative to traditional Medicare. In addition the company has successfully built an array of less regulated health care related noninsurance businesses, including the third largest pharmacy benefit management company, and also offers consulting and other services in the area of health care information technology. We view UnitedHealth Group as a well-managed and durable franchise with good growth potential that is overshadowed by current political debates. More...

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Chris Davis Comments on Paccar
Paccar (PCAR) is an example of an out-of-the-spotlight holding in the Portfolio. Although not a household name, this more than 100-year-old company is the largest manufacturer of trucks in North America and also has a substantial and growing global presence. Paccar’s brands, including Kenworth and Peterbilt in the United States and DAF in Europe, have earned a reputation for high quality and longevity. Financially strong and resilient, the company regularly buys back shares and has paid a dividend every year since 1941. Management’s interests are aligned with shareholders’ as Paccar’s founding family owns nearly 30% of the company. More...

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Chris Davis Comments on American Express
Another example of a global market leader in the Portfolio is American Express (AXP), which combines a strong, upscale charge card brand with ownership of the underlying payment network to create a unique business model. The company attracts some of the most desirable cardholders whose affluence leads to average spending about three times as great as ordinary bank cards. American Express reinforces this higher charge card spending with a market-leading cardholder rewards program, creating a virtuous circle of higher spending and higher rewards. The company earns much of its revenue from the transaction or interchange fees it charges merchants that accept its card. Because its payment network is wholly owned, American Express avoids sharing this important revenue source, generating significantly better economics than the payment networks of its competitors whose interchange fees are shared with banks. We believe American Express is well positioned to benefit over the long term as card-based transactions continue to increase at the expense of cash-based transactions. More...

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Chris Davis Comments on Google
Google (GOOGL), an example of a market leader in the Portfolio, globally dominates the business of online search with a market share of more than 65%. We consider Google a new generation media company with a business model that is exceptionally well positioned to capitalize on the continuing transition from traditional print and television media to Internet-based content and advertising. With advertising representing about 95% of its revenue, Google is one of the largest advertising companies in the world. Financially strong, Google is a cash flow machine with no net debt and ample liquidity provided by its substantial cash balances. More...

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It’s Retail and It’s Boring, but it’s TJX Companies Ruane Cunniff,Chris Davis - It’s Retail And It’s Boring, But It’s TJX Companies
“Price is what you pay, value is what you get”. More...

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FedEx Is a Leading Freight Carrier and a Right Pick for Tomorrow?
In this article let's take a look at FedEx Corporation (FDX), the leader in global express delivery services, which is expected to report its revenue and earnings for the fourth quarter of its 2014 fiscal year tomorrow (June 18). More...

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