Chris Davis

Chris Davis

Last Update: 08-12-2016

Number of Stocks: 134
Number of New Stocks: 10

Total Value: $22,661 Mil
Q/Q Turnover: 5%

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 (%)
20151.741.190.5
201413.0113.69-0.7
201331.4532.39-0.9
3-Year Cumulative51.1 (14.8%/year)52.3 (15.1%/year)-1.2 (-0.3%/year)
201218.15162.1
2011-9.022.11-11.1
5-Year Cumulative62.5 (10.2%/year)80.4 (12.5%/year)-17.9 (-2.3%/year)
201011.2515.06-3.8
200946.0226.4619.6
2008-45.62-37-8.6
2007-5.315.49-10.8
200618.7415.792.9
10-Year Cumulative61.4 (4.9%/year)102 (7.3%/year)-40.6 (-2.4%/year)
20058.034.913.1
200412.1110.881.2
200336.8628.688.2
2002-18.98-22.13.1
2001-9.15-11.892.7
15-Year Cumulative96.9 (4.6%/year)107.5 (5%/year)-10.6 (-0.4%/year)
200032.16-9.141.3
1999-0.8521.04-21.9
199814.1728.58-14.4
199744.5333.3611.2
199631.522.968.5
20-Year Cumulative459.8 (9%/year)381.4 (8.2%/year)78.4 (0.8%/year)
199550.5137.5812.9
1994-4.551.32-5.9
199314.8710.084.8
199232.67.6225.0

Top Ranked Articles

David Funds Comments on Amazon Guru stock highlight
Adaptability not only results in pricing power but also the ability to create new markets. Amazon (NASDAQ:AMZN) provides a prime example. Looking back at Amazon’s humble beginnings in 1994, clearly one of the reasons the company became the world’s largest bookseller was that Amazon created entirely new markets. The Kindle E-reader was not only a product innovation but also a business model innovation. Printing and shipping costs suddenly disappeared, combining improved convenience for consumers with higher profits for Amazon. Company founder Jeff Bezos and his team then proved they would not be satisfied to sit on their laurels by parlaying their expertise in cloud computing, gained from running their retail business, to an Infrastructure as a Service (IaaS) business for third parties. Thus, was born Amazon Web Services (AWS), which reached $10 billionin sales even faster than Amazon’s retail business and which one day might surpass the retail segment in size.7 Read more...
Investor Chris Davis Comments on Amazon Guru stock highlight
Today technology is accelerating the pace of disruption. This change is best seen by contrasting the history of a past disrupter Walmart with a new disrupter Amazon (NASDAQ:AMZN). Walmart opened its first store in 1962 and, with its everyday low pricing model, strong management and tight cost control, enjoyed real competitive advantages relative to the much larger and better regarded existing competition. Eighteen years later, the company reached $1 billion in sales and today has sales approaching $500 billion, dwarfing its competitors such as Kmart and Sears that have largely been left in the dust. In contrast, Amazon has disrupted entrenched competitors in a matter of years not decades. Remembering Walmart took 18 years to reach sales of $1 billion, we consider it astonishing that Amazon was selling approximately $95 billion worth of merchandise in its 18th year, almost 100 times more than Walmart sold during the comparable period in its history. Read more...
David Funds Comments on United Technologies Guru stock highlight
United Technologies (NYSE:UTX) is a good example of a company with both a durable business and an innovative culture. United Technologies’ four business segments are of roughly equal size and include Pratt & Whitney jet engines and aerospace parts such as landing gear and nacelles (the outer casing of an aircraft engine), Otis Elevator, and Carrier heating and ventilation systems. Pratt & Whitney, for example, enjoys solid growth prospects driven by increased global travel as well as a favorable market structure with only one key competitor in the narrow body or single aisle commercial aircraft business. Moreover, Pratt & Whitney is now rolling out its new PurePower Geared Turbofan (GTF) jet engine that, according to United Technologies, reduces fuel consumption by 16%, environmental emissions by 50% and noise levels during landing and takeoff by 75%.8 According to industry observers, Pratt & Whitney’s GTF jet engine represents one of the biggest advances in jet engines in the past 50 years, which could Read more...
David Funds Comments on Naspers Guru stock highlight
A third representative holding is Naspers (NPN), a company most investors would not recognize despite its $60 billion market capitalization. Naspers is a South African conglomerate that owns a diverse array of media and Internet holdings in emerging markets. The company’s satellite TV business is the largest in Africa with 10 million subscribers, and its online classified ad business operates in 31 countries with leading positions in key markets such as Brazil, India, Indonesia, and Russia. Naspers also owns 15% of Flipkart, one of the leading e-commerce businesses in India. Moreover, in 2010 Naspers invested $34 million in Tencent Holdings, one of China’s largest, most innovative and most used Internet portals, and today the company’s 34% stake is worth $72 billion. Considering that Naspers total market capitalization is $60 billion and also includes other assets, the company’s valuation is attractive in our view. Read more...
David Funds Comments on Tencent Guru stock highlight
Given Tencent (HKSE:00700)’s key position in Naspers’ business, examining Tencent’s operations more closely is worthwhile. Tencent is led by Chinese entrepreneur Ma Huateng, also known as Pony Ma. The company’s messaging app WeChat has 700 million users and is the leading social media website in China. In addition, Tencent is one of the world’s largest video gaming companies with such popular games as League of Legends, CrossFire and Dungeon Fighter Online as well as an 84% stake in one of the world’s leading mobile video gaming companies Supercell. In addition, Tencent has built a highly desirable portfolio of strategic investments in other leading Internet companies such as e-commerce company JD.com, U.S. video game leader Activision Blizzard, China’s ride-sharing leader Didi Chuxing, and classified ads leader 58.com. Through our investment in Naspers we are effectively investing in Tencent at a 15% discount and paying 23 times 2017 owner earnings for a company growing revenues and earnings at 25% to 30% a year. Read more...
» More Chris Davis Articles

Commentaries and Stories

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9 Stocks Chris Davis Keeps Buying Guru's repeat purchases in the last 2 quarters Chris Davis - 9 Stocks Chris Davis Keeps Buying
Chris Davis (Trades, Portfolio) is the portfolio manager of Davis Financial Fund, a fund that holds 134 stocks with a total value of $22,661 million. In both the first and second quarters, the guru bought shares in the following stocks: More...

DAVIS, BUYS, TRADES


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Apache Announces Discovery of Oil in West Texas Find has potential to be largest in decade Dodge & Cox,Chris Davis,Bill Nygren,Charles Brande - Apache Announces Discovery Of Oil In West Texas
Apache Corp. (NYSE:APA), an independent energy company, announced the discovery of 2 billion to 3 billion barrels of oil in a West Texas field on Wednesday. More...

OIL, GAS, ENERGY, WEST TEXAS, APACHE, ALPINE


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David Funds Comments on Encana Guru stock highlight
Our fourth representative holding is the Canadian shale oil and gas company Encana (NYSE:ECA), a business that fits all three of these criteria. Based on global supply and demand projections for oil, we do not believe the current price of $45 per barrel is sustainable.10 In our view, oil prices will have to increase significantly over time to provide enough supply to meet growing global demand. In addition, because Encana’s reserves are located in the core of four of the top six shale areas in North America, Encana’s costs to develop and produce oil and gas are quite low. More...

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David Funds Comments on Tencent Guru stock highlight
Given Tencent (HKSE:00700)’s key position in Naspers’ business, examining Tencent’s operations more closely is worthwhile. Tencent is led by Chinese entrepreneur Ma Huateng, also known as Pony Ma. The company’s messaging app WeChat has 700 million users and is the leading social media website in China. In addition, Tencent is one of the world’s largest video gaming companies with such popular games as League of Legends, CrossFire and Dungeon Fighter Online as well as an 84% stake in one of the world’s leading mobile video gaming companies Supercell. In addition, Tencent has built a highly desirable portfolio of strategic investments in other leading Internet companies such as e-commerce company JD.com, U.S. video game leader Activision Blizzard, China’s ride-sharing leader Didi Chuxing, and classified ads leader 58.com. Through our investment in Naspers we are effectively investing in Tencent at a 15% discount and paying 23 times 2017 owner earnings for a company growing revenues and earnings at 25% to 30% a year. More...

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David Funds Comments on Naspers Guru stock highlight
A third representative holding is Naspers (NPN), a company most investors would not recognize despite its $60 billion market capitalization. Naspers is a South African conglomerate that owns a diverse array of media and Internet holdings in emerging markets. The company’s satellite TV business is the largest in Africa with 10 million subscribers, and its online classified ad business operates in 31 countries with leading positions in key markets such as Brazil, India, Indonesia, and Russia. Naspers also owns 15% of Flipkart, one of the leading e-commerce businesses in India. Moreover, in 2010 Naspers invested $34 million in Tencent Holdings, one of China’s largest, most innovative and most used Internet portals, and today the company’s 34% stake is worth $72 billion. Considering that Naspers total market capitalization is $60 billion and also includes other assets, the company’s valuation is attractive in our view. More...

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David Funds Comments on United Technologies Guru stock highlight
United Technologies (NYSE:UTX) is a good example of a company with both a durable business and an innovative culture. United Technologies’ four business segments are of roughly equal size and include Pratt & Whitney jet engines and aerospace parts such as landing gear and nacelles (the outer casing of an aircraft engine), Otis Elevator, and Carrier heating and ventilation systems. Pratt & Whitney, for example, enjoys solid growth prospects driven by increased global travel as well as a favorable market structure with only one key competitor in the narrow body or single aisle commercial aircraft business. Moreover, Pratt & Whitney is now rolling out its new PurePower Geared Turbofan (GTF) jet engine that, according to United Technologies, reduces fuel consumption by 16%, environmental emissions by 50% and noise levels during landing and takeoff by 75%.8 According to industry observers, Pratt & Whitney’s GTF jet engine represents one of the biggest advances in jet engines in the past 50 years, which could More...

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David Funds Comments on Amazon Guru stock highlight
Adaptability not only results in pricing power but also the ability to create new markets. Amazon (NASDAQ:AMZN) provides a prime example. Looking back at Amazon’s humble beginnings in 1994, clearly one of the reasons the company became the world’s largest bookseller was that Amazon created entirely new markets. The Kindle E-reader was not only a product innovation but also a business model innovation. Printing and shipping costs suddenly disappeared, combining improved convenience for consumers with higher profits for Amazon. Company founder Jeff Bezos and his team then proved they would not be satisfied to sit on their laurels by parlaying their expertise in cloud computing, gained from running their retail business, to an Infrastructure as a Service (IaaS) business for third parties. Thus, was born Amazon Web Services (AWS), which reached $10 billionin sales even faster than Amazon’s retail business and which one day might surpass the retail segment in size.7 More...

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Davis Global Fund Semi-Annual Review 2016 Update from portfolio manager Danton Goei Chris Davis - Davis Global Fund Semi-Annual Review 2016
Summary More...

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Davis Opportunity Fund Semi-Annual Review 2016 A look at holdings and investing environment Chris Davis - Davis Opportunity Fund Semi-Annual Review 2016
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Chris Davis Buys Activision Blizzard, Sells Amazon.com The guru's top trades in the 2nd quarter Chris Davis,Frank Sands,T Rowe Price Equity Income - Chris Davis Buys Activision Blizzard, Sells Amazon.com
Davis Advisors manages more than $60 billion across several different asset classes. Chris Davis (Trades, Portfolio) is the portfolio manager of Davis Financial Fund. The following are its largest trades of the second quarter. More...

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Chris Davis Buys New Oriental Education Company has continued to increase its enrollments, revenues and operating income Chris Davis - Chris Davis Buys New Oriental Education
During the second quarter, guru Chris Davis (Trades, Portfolio) purchased 322,708 shares of New Oriental Education (NYSE:EDU), at an average price of $39.40. The trade had a 0.06% impact on Davis’s portfolio. Since Davis purchased the stake, the company has risen an estimated 7% in price. More...

EDUCATION, CHINA, DAVIS


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High Dividend Yield Companies Attract Gurus High equity and capital returns allow investors to avoid value traps Warren Buffett,Chris Davis,Prem Watsa,Jerome Dodso - High Dividend Yield Companies Attract Gurus
The All-in-One Screener listed Hewlett-Packard Co. (NYSE:HPQ) and International Business Machines Corp. (NYSE:IBM) as two high dividend yield computer hardware stocks. Due to these high dividend yields, many gurus have very large positions in these stocks. More...

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Chinese Internet Site Baidu Among Stocks to Buy Company watched by gurus as financials outperform rival Alphabet Chris Davis - Chinese Internet Site Baidu Among Stocks To Buy
Baidu Inc. (NASDAQ:BIDU), a Chinese Internet media site, appeared on gurus’ watch radar as the company’s stock price decreased below P/E expectations. More...

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2 Stocks Super Investors Are Buying Gurus are allocating large portions of portfolio to Apple and Amazon Chase Coleman,Chris Davis - 2 Stocks Super Investors Are Buying
GuruFocus provides tools and screens to look at 13-F filings in the aggregate and discover lots of information about the famous gurus of value investing. I used the aggregated portfolio tool to sort guru holdings on combined weighting percentage. This shows us which stocks value investment gurus have allocated the most funds to. More...

LONG, TECH


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Chris Davis Slashes His Position in PH Glatfelter Guru sells more than 800,000 shares of paper manufacturer Chris Davis - Chris Davis Slashes His Position In PH Glatfelter
Chris Davis (Trades, Portfolio) is a portfolio manager for the Davis Large Cap Value portfolios and a member of the research team for other portfolios within the firm. Davis Advisors was founded in 1969 offering clients investment opportunities through mutual funds, variable annuities, separately managed accounts and offshore funds. Throughout the course of the company's history, its primary focus has been to invest in securities at value prices and hold them for long-term growth. Davis has a firm belief that perspective, discipline and alignment are the three most important drivers for long-term investment success. More...

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Chris Davis Buys Stake in Energy Firm Apache Davis purchases more than 13 million shares Chris Davis - Chris Davis Buys Stake In Energy Firm Apache
Chris Davis (Trades, Portfolio) is a portfolio manager for the Davis Large Cap Value Portfolios. Davis Selected Advisors was founded in 1969, offering clients investment opportunities through mutual funds, variable annuities, separately managed accounts, and offshore funds. Throughout the course of the company's history, their primary focus has been to invest in securities at value prices and hold them for long term growth. Davis has a firm belief that perspective, discipline and alignment are the three biggest drivers for long term investment success. More...

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Cummins and CSX: Undervalued With Predictable Business Most of these businesses have high business predictability and low PE Andreas Halvorsen,Chris Davis,Pioneer Investments, - Cummins And CSX: Undervalued With Predictable Business
According to GuruFocus’ All-in-One Screener, the following stocks have a high business predictability rating, and at least five gurus are shareholders in the companies. More...

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Investor Chris Davis Comments on Amazon Guru stock highlight
Today technology is accelerating the pace of disruption. This change is best seen by contrasting the history of a past disrupter Walmart with a new disrupter Amazon (NASDAQ:AMZN). Walmart opened its first store in 1962 and, with its everyday low pricing model, strong management and tight cost control, enjoyed real competitive advantages relative to the much larger and better regarded existing competition. Eighteen years later, the company reached $1 billion in sales and today has sales approaching $500 billion, dwarfing its competitors such as Kmart and Sears that have largely been left in the dust. In contrast, Amazon has disrupted entrenched competitors in a matter of years not decades. Remembering Walmart took 18 years to reach sales of $1 billion, we consider it astonishing that Amazon was selling approximately $95 billion worth of merchandise in its 18th year, almost 100 times more than Walmart sold during the comparable period in its history. More...

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Davis New York Venture Fund 2016 Annual Review Update from portfolio managers Christopher Davis and Danton Goei Chris Davis - Davis New York Venture Fund 2016 Annual Review
Summary More...

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Davis Global Fund 2016 Annual Review Chris Davis' Global Fund has outperformed over 3, 5 and 10-year periods Chris Davis - Davis Global Fund 2016 Annual Review
Davis Global Fund Annual Review: More...

DAVIS GLOBAL FUND,2016,ANNUAL REVIEW,VALUE INVESTING,


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