Chris Davis

Chris Davis

Last Update: 05-12-2017

Number of Stocks: 142
Number of New Stocks: 10

Total Value: $23,185 Mil
Q/Q Turnover: 3%

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 (%)
201615.0411.963.1
20151.741.380.4
201413.0113.69-0.7
3-Year Cumulative32.3 (9.8%/year)29 (8.9%/year)3.3 (0.9%/year)
201331.4532.39-0.9
201218.15162.1
5-Year Cumulative105.4 (15.5%/year)98.2 (14.7%/year)7.2 (0.8%/year)
2011-9.022.11-11.1
201011.2515.06-3.8
200946.0226.4619.6
2008-45.62-37-8.6
2007-5.315.49-10.8
10-Year Cumulative56.3 (4.6%/year)95.7 (6.9%/year)-39.4 (-2.3%/year)
200618.7415.792.9
20058.034.913.1
200412.1110.881.2
200336.8628.688.2
2002-18.98-22.13.1
15-Year Cumulative149.3 (6.3%/year)164.2 (6.7%/year)-14.9 (-0.4%/year)
2001-9.15-11.892.7
200032.16-9.141.3
1999-0.8521.04-21.9
199814.1728.58-14.4
199744.5333.3611.2
20-Year Cumulative389.7 (8.3%/year)339.2 (7.7%/year)50.5 (0.6%/year)
199631.522.968.5
199550.5137.5812.9
1994-4.551.32-5.9
199314.8710.084.8
199232.67.6225.0
25-Year Cumulative1309.1 (11.2%/year)791.8 (9.1%/year)517.3 (2.1%/year)

Top Ranked Articles

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...
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...
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...
Ray Dalio Expands ETF Empire in 4th Quarter Guru adds to 4 global exchange-traded funds and trims 2 other ETFs
Ray Dalio (Trades, Portfolio) founded Bridgewater Associates, a Connecticut-based hedge fund that currently has $165 billion in assets under management (AUM). During fourth-quarter 2016, Dalio increased his positions in four exchange-traded funds: Vanguard FTSE Emerging Markets (ARCA:VWO), iShares Core MSCI Emerging Markets (ARCA:IEMG), iShares MSCI South Korea Capped Index Fund (ARCA:EWY) and iShares MSCI Brazil Capped Index Fund (ARCA:EWZ). The Bridgewater hedge fund manager also reduced his positions in the SPDR S&P 500 (ARCA:SPY) and the iShares MSCI Emerging Index Fund (ARCA:EEM). With these transactions, Dalio increased his portfolio holdings by about 4.7% in the aggregate. Read more...
» More Chris Davis Articles

Commentaries and Stories

  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

Global Small-Cap Companies: Asia Gurus are buying these little companies in Asia Jim Simons,Chris Davis - 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. More...

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T Rowe Price Keeps Buying Exelon, Pepsi, Others The guru's largest buys of the last 2 quarters T Rowe Price Equity Income Fund,Chris Davis,NWQ Ma - T Rowe Price Keeps Buying Exelon, Pepsi, Others
T. Rowe Price Equity Income Fund, in both of the last two quarters, increased its stake in the following stocks: More...

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Ray Dalio Expands ETF Empire in 4th Quarter Guru adds to 4 global exchange-traded funds and trims 2 other ETFs Ray Dalio,Chris Davis, Warren Buffett - Ray Dalio Expands ETF Empire In 4th Quarter
Ray Dalio (Trades, Portfolio) founded Bridgewater Associates, a Connecticut-based hedge fund that currently has $165 billion in assets under management (AUM). During fourth-quarter 2016, Dalio increased his positions in four exchange-traded funds: Vanguard FTSE Emerging Markets (ARCA:VWO), iShares Core MSCI Emerging Markets (ARCA:IEMG), iShares MSCI South Korea Capped Index Fund (ARCA:EWY) and iShares MSCI Brazil Capped Index Fund (ARCA:EWZ). The Bridgewater hedge fund manager also reduced his positions in the SPDR S&P 500 (ARCA:SPY) and the iShares MSCI Emerging Index Fund (ARCA:EEM). With these transactions, Dalio increased his portfolio holdings by about 4.7% in the aggregate. More...

RAY DALIO, CHRIS DAVIS, WARREN BUFFETT


  • Currently 5.00/5

Rating: 5.0/5 (3 votes)

Davis New York Venture Fund Annual Review 2017 Review of holdings and economy Chris Davis - Davis New York Venture Fund Annual Review 2017
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Davis Advisers' Best Investments This Year Assets with the highest returns year to date Chris Davis,Andreas Halvorsen,Steven Cohen,John Gr - Davis Advisers' Best Investments This Year
Davis Selected Advisers manages more than $60 billion across several different asset classes and is the portfolio manager of Davis Financial Fund. The following are the best performers of his investments. More...

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T Rowe Price Is Buying These 9 Stocks Firm's repeat purchases in the last 2 quarters T Rowe Price Equity Income Fund,Chris Davis,NWQ Ma - T Rowe Price Is Buying These 9 Stocks
T Rowe Price Equity Income Fund manages a portfolio composed of 110 stocks with a total value of $21.024 billion. In both the second and third quarters the investment firm bought shares in the following stocks. More...

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Rating: 5.0/5 (1 vote)

Davis New York Venture Fund Fall Commentary Update from portfolio managers Christopher Davis and Danton Goei Chris Davis - Davis New York Venture Fund Fall Commentary
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Rating: 0.0/5 (0 votes)

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...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

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...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

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...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

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...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

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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Rating: 5.0/5 (1 vote)

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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Rating: 4.5/5 (2 votes)

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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Rating: 0.0/5 (0 votes)

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...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

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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Rating: 5.0/5 (1 vote)

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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