Davis Advisors 13F, Q4 2023
Christopher Davis · quarter ending 31 December 2023 · filed 12 February 2024 · SEC CIK 1036325
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2023
The 25 largest of 103 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2023 filing.
| Company | Ticker | Value | % of book | vs Q3 2023 |
|---|---|---|---|---|
| Wells Fargo & Co. | WFC | $1.44B | 8.2% | -3% shares |
| Capital One Financial Corp. | COF | $1.43B | 8.1% | unchanged |
| Meta Platforms, Inc., Class A | META | $1.40B | 7.9% | -19% shares |
| Amazon.com, Inc. | AMZN | $1.07B | 6.0% | -6% shares |
| Berkshire Hathaway Inc., Class A | BRK/A | $1.02B | 5.8% | -5% shares |
| Applied Materials, Inc. | AMAT | $962.25M | 5.4% | -13% shares |
| JPMorgan Chase & Co. | JPM | $679.25M | 3.8% | -4% shares |
| Viatris, Inc. | VTRS | $678.63M | 3.8% | -2% shares |
| U.S. Bancorp | USB | $661.59M | 3.7% | unchanged |
| Bank of New York Mellon Corp. | BNY | $655.95M | 3.7% | -3% shares |
| Teck Resources Ltd., Class B | TECK | $539.77M | 3.0% | unchanged |
| The Cigna Group | CI | $495.08M | 2.8% | -3% shares |
| Alphabet Inc., Class A | GOOGL | $492.05M | 2.8% | unchanged |
| MGM Resorts International | MGM | $461.64M | 2.6% | +5% shares |
| Intel Corp. | INTC | $454.05M | 2.6% | -4% shares |
| Texas Instruments, Inc. | TXN | $451.85M | 2.5% | -3% shares |
| Markel Corp. | MKL | $426.85M | 2.4% | +15% shares |
| Owens Corning | OC | $398.12M | 2.3% | -27% shares |
| Berkshire Hathaway Inc., Class B | BRK/B | $391.92M | 2.2% | unchanged |
| Quest Diagnostics, Inc. | DGX | $367.67M | 2.1% | +60% shares |
| Chubb Ltd. | $316.38M | 1.8% | -4% shares | |
| AGCO Corporation | AGCO | $183.59M | 1.0% | new |
| American Express Co. | AXP | $169.26M | 1.0% | -3% shares |
| Darling Ingredients, Inc. | DAR | $153.30M | 0.9% | unchanged |
| IAC Inc. | PPLI | $152.45M | 0.9% | unchanged |
What changed since Q3 2023
Against the Q3 2023 filing, Davis Advisors opened 3 new positions, added to 14, trimmed 44, left 42 unchanged and exited 4. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001036325-24-000010, filed by DAVIS SELECTED ADVISERS. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.