Chris Davis

Chris Davis

Last Update: 08-09-2017

Number of Stocks: 143
Number of New Stocks: 4

Total Value: $22,854 Mil
Q/Q Turnover: 4%

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

Chris Davis Watch

  • ValueAct Takes Stake in KKR in 2nd Quarter

    Jeff Ubben (Trades, Portfolio)’s ValueAct Holdings established a stake in KKR & Co. LP (NYSE:KKR) in the second quarter.

    Having handed management of the portfolio to Mason Morfit in July, Ubben remains at the firm he built as CEO but will concentrate on finding new investments and serving on boards. Taking an activist approach, the firm invests in companies that are out of favor or undergoing a transition. The firm’s current portfolio is composed of 15 stocks and is valued at $11.2 billion.


  • Chris Davis Keeps Buying Intel,, Novartis

    Chris Davis (Trades, Portfolio) is the portfolio manager of Davis Financial Fund. In both the first and second quarters the guru bought shares in the following stocks:

    Intel Corp. (INTC)


  • Chris Davis' Largest 2nd-Quarter Trades

    The Davis Funds' Chris Davis (Trades, Portfolio) traded the following stocks during the second quarter:

    The investor reduced his holding of Monsanto Co. (NYSE:MON) by 91.71%. The transaction had an impact of -2.3% on the portfolio.


  • Chris Davis Peppers Portfolio With 4 Small Positions in 2nd Quarter

    A tech and financials-loving firm on Wednesday reported adding to some of its less highly weighted sectors, with four new positions opened.

    Davis Funds, led by Chris Davis (Trades, Portfolio), introduced Alleghany Corp. (NYSE:Y), Tarena International Inc. (NASDAQ:TEDU), Concho Resources Inc. (NYSE:CXO), Dow Chemical Co. (DOW) and FedEx Corp. (NYSE:FDX) in the second quarter. Each of the new positions occupied less than 1% of all of Davis’ stock holdings. About half of the portfolio is tied up in financial services (36%) and technology (15.7%), with top holdings of (NASDAQ:AMZN), Wells Fargo & Co. (NYSE:WFC), JPMorgan (NYSE:JPM), Alphabet (NASDAQ:GOOG) and Berkshire Hathaway (NYSE:BRK.A).


  • Chris Davis Comments on Liberty Global

    Liberty Global (NASDAQ:LBTYA) is another example of a dominant, lesser-known business. The company is a leader in cable television and broadband services throughout Europe and is controlled by John Malone, a pioneer in the U.S. cable industry with an outstanding record as a capital allocator. During the past decade, Liberty Global has opportunistically acquired several European cable TV systems, most of which were inefficiently run. We expect Liberty Global to improve the efficiency of these operations substantially over time and seek expansion opportunities in a shareholder friendly manner.

    From Chris Davis (Trades, Portfolio)' Davis Opportunity Fund 2017 semi-annual report.   

  • Chris Davis Comments on Adient

    A representative out-of-the-spotlight business is Adient (NYSE:ADNT), a global manufacturer of automotive seating and interiors that was spun-off from Johnson Controls in October 2016. Headquartered in Dublin, Ireland, the company is the industry’s leading seating supplier delivering 25 million seating systems per year to 40 different original equipment manufacturers. Adient is an attractive new addition to our Portfolio given its seasoned management team, dominant market share and low valuation.

    From Chris Davis (Trades, Portfolio)' Davis Opportunity Fund 2017 semi-annual report.   

  • Chris Davis Comments on Amazon

    Amazon (NASDAQ:AMZN), an e-commerce giant that has profoundly reshaped the retail industry over the years, is another example of a market leader in the Portfolio. Borrowing a concept from Costco, Amazon offers an optional membership-based business model through its Amazon Prime service. In addition to its retail business, Amazon has a state-of-the-art, rapidly growing web services business that enables companies and other organizations to outsource their computer systems to Amazon’s digital cloud.

    From Chris Davis (Trades, Portfolio)' Davis Opportunity Fund 2017 semi-annual report.   

  • Chris Davis Comments on Berkshire Hathaway

    Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B), a representative market leader in the Portfolio, is a diversified holding company with interests in insurance, reinsurance, railroads, utilities, manufacturing, retailing, and a host of other business lines.4 Under the strong leadership of Warren Buffett (Trades, Portfolio) and team the company has compounded book value at almost 20% per year on average over the last 50 years. During that time Berkshire has quietly evolved from a textile manufacturer to a well-run insurance operation and more recently to a diversified business with almost two-thirds of its earnings generated by nonfinancial operations. We believe Berkshire is a financial powerhouse and well positioned for continued steady growth, although at a somewhat slower pace given its already large size.

    From Chris Davis (Trades, Portfolio)' Davis Opportunity Fund 2017 semi-annual report.   

  • Davis Opportunity Fund Semi-Annual Report 2017

    In the first half of 2017 the U.S. stock market advanced with the S&P 500 Index returning 9.34% and the Russell 3000 Index returning 8.93%. Davis Opportunity Fund outperformed the broader market, returning 10.23% in the period. Consumer discretionary and information technology contributed to relative results while energy was a detractor.

    The U.S. economy continues to expand with relatively full employment, prompting the Federal Reserve to raise short-term interest rates earlier this year. Still, both interest rates and inflation remain subdued. At the same time, many U.S. businesses have generated what we consider robust earnings growth in recent periods. Market valuations reflect this healthy backdrop on balance. Given this fact, we believe it is perhaps more critical than at any other point in the current business cycle for investors to select companies individually using true active management as businesses differ widely in their growth rates and valuations and, as a result, in their risk and return profiles. We continue to find value on a company by company basis and are focusing heavily on areas of the market where operating margins have room to improve and where meaningful inefficiencies persist such as financial services, energy and industrial businesses. We have also made long-term investments in leading technology companies whose long-term growth is more durable than the market recognizes in our estimation.


  • 'Who Wouldn’t Want to Be Like Berkshire?'

    “People will sometimes criticize Markel (NYSE:MKL) and say they’re just a Berkshire (NYSE:BRK.A)(NYSE:BRK.B) wannabe. My response: ‘Who wouldn’t want to be like Berkshire?’ ” - Chris Davis (TradesPortfolio), in a Barron’s interview


  • Beating the Benchmark

    According to GuruFocus' All-in-One Guru Screener, the following are some of the stocks that have outperformed the Standard & Poor's 500 Index over the last 12 months and were bought by gurus during the last quarter.

    Alexandria Real Estate Equities Inc. (ARE) with a market cap of $10.84 billion has outperformed the S&P 500 Index by 5.2% over the last 12 months.


  • CarMax Reports Fiscal 1st-Quarter Results

    CarMax Inc. (NYSE:KMX) – the biggest used vehicles dealer in the U.S. – released its first-quarter 2018 financial results on June 21. The quarter ended on May 31.

    CarMax closed the quarter reporting a net profit of $211.7 million and EPS – on a diluted basis – of $1.13, a 25.6% increase year over year, and beat analysts’ expectations on earnings by 15 cents. The difference between the actual EPS and forecasted EPS generated a positive surprise of 15.30%.


  • Fang Holdings Downtrending After Posting 1st-Quarter Figures

    Shares of Fang Holdings Ltd. (NYSE:SFUN) – China's leading real estate internet portal headquartered in Beijing – have been downtrending since the company released its first-quarter figures.

    Fang Holdings is trading at $3.38, down 28 cents or minus 7.65% since June 20 when the company reported a fully diluted loss of 2 cents per American Depositary Share (ADS) or a net loss attributable to Fang shareholders of $10.5 million. Both are non-GAAP measures. The company missed analysts’ expectations on first-quarter earnings by 1 cent since they forecasted that Fang would have reported a loss of 1 cent as shown in the picture below.


  • CarMax to Report 1st-Quarter Fiscal 2018 Results

    CarMax Inc. (NYSE:KMX) – the biggest used vehicles dealer in the U.S. – will release the first-quarter 2018 financial results on June 21 before the New York Stock Exchange opens.

    The first quarter of fiscal 2018 ended this year May 31.


  • Fang Holdings to Release Figures From 1st Quarter

    Fang Holdings Ltd. (NYSE:SFUN) – China's leading real estate internet portal headquartered in Beijing – is going to release the figures for the first quarter on June 20 before the New York Stock Exchange opens.

    For the first quarter, analysts forecast that Fang Holdings will report a loss of 1 cent per share. This is an average of four analysts’ estimates on first-quarter Fang Holdings' earnings. It ranges between a loss of 2 cents and an EPS of 2 cents. This average forecast represents a 95.8% increase from the first quarter of one year ago when the leading real estate internet portal in China closed the comparable period reporting a loss of 24 cents.


  • FedEx's Dividend Hike: Is It Worth Recent Upside?

    FedEx Corp. (NYSE:FDX) has raised its quarterly dividend to 50 cents per share or $2 on an annual basis. This way, the stock yields almost 1.0% if the share price stays at current levels ($210). Thanks to GuruFocus we know that during the past 13 years, FedEx's highest trailing annual dividend yield was 1.20%, the lowest was 0.28%, and the median was 0.53%. Moreover, it is close to a five-year high.

    What makes possible the dividend hike is the solid financial position. Also, the Piotroski F-Score of 6 indicates its financial situation is typical for a stable company. The company has a history of deploying capital through share repurchases and dividends.


  • Bill Nygren Gains 3 Holdings, Divests 2 Others in 1st Quarter

    Oakmark Funds’ Bill Nygren (Trades, Portfolio) established three positions and sold two others during the first quarter.

    A patient investor, Nygren invests in companies that are trading at a discount with the belief the stock price will climb higher to reflect the underlying business’ value. During the quarter, he established stakes in Delphi Automotive PLC (NYSE:DLPH), Chesapeake Energy Corp. (NYSE:CHK) and Moody’s Corp. (NYSE:MCO).


  • Chuck Royce Continues to Buy These 10 Stocks

    Chuck Royce (Trades, Portfolio) manages a portfolio composed of 1,116 stocks with a total value of $15.292 billion. In both the first quarter of 2017 and fourth-quarter 2016 the guru bought shares in the following stocks.

    EVINE Live Inc. Class A (EVLV)


  • Global Small-Cap Companies: Asia

    Small-cap companies are companies with small market capitalizations. Returns for small caps can be large, but volatile. In 2016, the Russell 2000 Value ETF, which tracks small cap stocks, returned 19.48%, beating the 11.96% return in the S&P 500. One year before, however, it declined 5.71%, lagging the 1.38% return in the S&P 500.

    Over 10 years, the two classes have come out about even: The Russell 2000 returned 7.12%, and the S&P 500 Index returned 7.51%.


  • 8 Stocks With Rising Revenue and EPS

    The following companies have boosted their revenue over the last three years as well as their earnings. This figure can be a good point to start for a good investment. Inc. (AMZN) has a three-year revenue growth rate of 20.60% and a three-year EPS growth rate of 102.50%.


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