Chris Davis

Chris Davis

Last Update: 2014-05-13

Number of Stocks: 169
Number of New Stocks: 11

Total Value: $36,324 Mil
Q/Q Turnover: 7%

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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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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Charles De Vaulx Reports His Top Five of the First Quarter Chris Davis,Ruane Cunniff - Charles De Vaulx Reports His Top Five Of The First Quarter
Charles De Vaulx of the IVA Funds reported his first quarter holdings this past week. In October the IVA Funds will celebrate their sixth year in the business. The fund maintains a dual investment approach which is split into short- and long-term investments. IVA reports that their short-term (12 to 18 months) investments are in order to preserve capital while their longer term (5 to 10 years) they try to perform better that their equity benchmark. The fund also reported that over the past five years, they achieved both of these goals with their investments. More...

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A Conversation with a Third Generation Value Investor - Chris Davis
Value investing is all in the family for Chris Davis (Trades, Portfolio). From his grandfather to his father and now to him, Chris Davis (Trades, Portfolio) carries on a family tradition of value investing. More...

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Another Pick by Peter Lynch
Oil prices have entered a faithful declining trend in April 2011. Until then, crude oil prices were closer to $130 per barrel of oil equivalent; today, the value has slipped below $110. As a consequence, operating margins in the oil and gas industry have been reduced. For some competitors, the new context meant renewed financial trouble. For others, however, it meant an opportunity to settle the business as competition eased somewhat. Most telling are the actions taken by Statoil (STO), a self-imposed slowdown to guarantee a sounder business model through debt reduction and improvement of reserve replacement ratio. Canadian Natural Resources (CNQ) appears to be taking similar steps, and gurus with long-term positions have not modified their opinion. Last, according to the Peter Lynch’s earnings line, this is a good moment for entering a position in the company. More...

ENERGY, CANADA, OIL


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Goldman Sachs Is a Sell According to DDM Model
The Goldman Sachs Group Inc. (GS) is one of the world's leading investment banking and securities companies. Its P/E ratio indicates that the stock is relatively undervalued (10.3 versus the 20.5 industry mean). So now let's take a look at the intrinsic value of this company and try to explain to investors the reasons it is a good buy or not. More...

LONG, FINANCE, INVESTMENT, BANKING, SECURITIES


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Gurus’ Most-Sold Fourth Quarter Stocks - Each at a 10-Year High George Soros,Chris Davis - Gurus’ Most-Sold Fourth Quarter Stocks - Each At A 10-Year High
In the fourth quarter of 2013, the S&P 500 hit record highs, while the majority of corporations (95) reported negative EPS guidance, and 12 issued positive EPS guidance, according to FactSet Research. The estimated earnings growth rate for all corporations for the quarter was estimated to be 6.3%, according to FactSet. The Financial sector led growth, increasing earnings by 24.2%. Energy lagged all sectors, with an 8% decline in earnings. More...

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This Cable Operator Has a Clear Growth Strategy
On Dec. 31, Paul Singer (Trades, Portfolio) added Time Warner Cable Inc. (TWC), at an average price of $124.2, and currently holds 380,563 shares of the stock, worth 1.2% of his portfolio. More...

LONG, CABLE, OPERATOR, TV, ENTERTAINMENT, MEDIA


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Chris Davis' Davis Funds 2013 Portfolio Managers Update
The chart below summarizes results through December 31, 2013 for Davis New York Venture Fund. As the Fund’s managers, my colleagues and I at Davis Advisors have two objectives: to earn a satisfactory absolute investment return and to generate relative results in excess of the S&P 500® Index. In our view, the data in the chart below presents a mixed picture. Over virtually all periods, the Fund’s absolute returns have been satisfactory. In particular, a one year return of 35% and five year compounded annual return of 16% should be considered extraordinary.1 On a relative basis, we fell short of our goal in a number of these periods. Although both goals are important, if forced to choose between strong absolute returns in which we trailed the market or negative absolute returns in which we beat the market, we would far prefer the former. When people choose to invest rather than spend their hard earned money, their objective is generally to be able to afford something more in the future. For our shareholders, this might mean a child’s or grandchild’s education, a more comfortable retirement, a new house, or simply the peace of mind that comes from being prepared for life’s More...

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5-year lows: Universal American Corp, Campus Crest Communities Inc, American Residential Properties Inc, and Jive Software Inc.
According to GuruFocus list of 5-year lows, these Guru stocks have reached their 5-year lows: Universal American Corp, Campus Crest Communities Inc, American Residential Properties Inc, and Jive Software Inc. More...

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Davis Selected Advisers Chris Davis' Top Five Holdings at Year-End Chris Davis - Davis Selected Advisers Chris Davis' Top Five Holdings At Year-End
Over the past quarter Chris Davis of Davis Selected Advisers reported a total portfolio of 184 stocks valued at $40.93 billion. The guru purchased 14 new stocks over the quarter. More...

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Guru Stocks at 52-Week Lows: CHL, IBM, PTR, T, KO
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

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Guru Stocks at 52-Week Lows: T, PBR.A, EC, BBD, TGT
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

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GuruFocus Real Time Picks of the Week Chris Davis,Jean-Marie Eveillard - GuruFocus Real Time Picks Of The Week
The following information is a highlight of the real-time guru activity we saw this week. To view more information on these gurus, check out their guru portfolios. The “Real Time Picks” reports the stock purchases and sells that Gurus have made within the prior two weeks. If a Guru makes a purchase or sell of a company in which they own a greater-than 5% stake, SEC regulations require them to report their transaction within two days. This week we saw notable increases in Real Time activity from Seth Klarman (Trades, Portfolio), Jean-Marie Eveillard (Trades, Portfolio) and Chris Davis (Trades, More...

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Sector Watch: Gurus Active on REITs at 52-Week Low
According to the GuruFocus Value Screen for finding 52-Week Lows, the real estate investment trusts or REITs sector shows 266 companies out of 475 are on a 52-week low. The sector low ratio is 0.56. More...

REITS – RETAIL, REITS – HEALTHCARE FACILITIES


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