Insights from Chris Davis (Trades, Portfolio)'s Fourth Quarter 2024 13F Filing
Chris Davis (Trades, Portfolio) recently submitted the 13F filing for the fourth quarter of 2024, providing insights into his investment moves during this period. Davis Advisors manages more than $60 billion across several different asset classes. Chris Davis (Trades, Portfolio) is the portfolio manager of Davis Financial Fund. 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.
Summary of New Buy
Chris Davis (Trades, Portfolio) added a total of 2 stocks, among them:
- The most significant addition was Full Truck Alliance Co Ltd (YMM, Financial), with 5,400,391 shares, accounting for 0.34% of the portfolio and a total value of $58.43 million.
- The second largest addition to the portfolio was NetEase Inc (NTES, Financial), consisting of 597,320 shares, representing approximately 0.31% of the portfolio, with a total value of $53.29 million.
Key Position Increases
Chris Davis (Trades, Portfolio) also increased stakes in a total of 27 stocks, among them:
- The most notable increase was CVS Health Corp (CVS, Financial), with an additional 11,018,438 shares, bringing the total to 11,385,950 shares. This adjustment represents a significant 2,998.12% increase in share count, a 2.87% impact on the current portfolio, with a total value of $511.12 million.
- The second largest increase was Markel Group Inc (MKL, Financial), with an additional 80,922 shares, bringing the total to 370,522. This adjustment represents a significant 27.94% increase in share count, with a total value of $639.61 million.
Summary of Sold Out
Chris Davis (Trades, Portfolio) completely exited 4 holdings in the fourth quarter of 2024, as detailed below:
- Alibaba Group Holding Ltd (BABA, Financial): Chris Davis (Trades, Portfolio) sold all 127,784 shares, resulting in a -0.08% impact on the portfolio.
- Retail Opportunity Investments Corp (ROIC, Financial): Chris Davis (Trades, Portfolio) liquidated all 265,055 shares, causing a -0.02% impact on the portfolio.
Key Position Reduces
Chris Davis (Trades, Portfolio) also reduced positions in 63 stocks. The most significant changes include:
- Reduced Wells Fargo & Co (WFC, Financial) by 5,628,176 shares, resulting in a -39.46% decrease in shares and a -1.78% impact on the portfolio. The stock traded at an average price of $68.48 during the quarter and has returned 17.01% over the past 3 months and 15.65% year-to-date.
- Reduced Intel Corp (INTC, Financial) by 10,056,313 shares, resulting in a -79.66% reduction in shares and a -1.32% impact on the portfolio. The stock traded at an average price of $22.54 during the quarter and has returned -27.33% over the past 3 months and -4.94% year-to-date.
Portfolio Overview
At the fourth quarter of 2024, Chris Davis (Trades, Portfolio)'s portfolio included 100 stocks, with top holdings including 9.59% in Capital One Financial Corp (COF, Financial), 8.48% in Meta Platforms Inc (META, Financial), 6.26% in Berkshire Hathaway Inc (BRK.A, Financial), 4.85% in Amazon.com Inc (AMZN, Financial), and 4.53% in Viatris Inc (VTRS, Financial).
The holdings are mainly concentrated in 10 of all the 11 industries: Financial Services, Healthcare, Communication Services, Consumer Cyclical, Technology, Industrials, Basic Materials, Real Estate, Consumer Defensive, and Energy.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
