13F filing recap · Q1 2014

What did Davis Advisors buy in Q1 2014?

Reported stock-position changes between this filing and the previous one. US-listed stocks across every Davis account, including accounts that belong to no fund below.

Stock value

$36.25B

Positions

168

Estimated turnover

27.6%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

SYYSysco Corporation$343.81Mreported value+9.52M shares MRSHMarsh & Mclennan Companies, Inc.$27.79Mreported value+563.6K shares PLDPrologis, Inc.$17.64Mreported value+431.9K shares COUPCoupons.com Incorporated$11.76Mreported value+477.1K shares VMRKVivmark Residential$7.68Mreported value+132.4K shares AES-CAES TRUST III$7.41Mreported value+145.0K shares DGXQuest Diagnostics Inc$5.93Mreported value+102.3K shares ROKRockwell Automation, Inc.$2.79Mreported value+22.4K shares TRNOTerreno Realty Corporation$2.03Mreported value+107.5K shares HALHalliburton Company$502.0Kreported value+8.5K shares BWPBoardwalk Pipeline Partners, LP$296.0Kreported value+22.1K shares DLRDigital Realty Trust, Inc.$211.0Kreported value+4.0K shares

Increased positions

LHLabcorp Holdings Inc.$946.55Mreported value+76.2K shares+0.8%LVSLas Vegas Sands Corp$835.72Mreported value+10.16M shares+5493.6%LBTYKLiberty Global Ltd.$734.87Mreported value+9.56M shares+112.5%EOGEog Resources, Inc.$733.95Mreported value+392.7K shares

Reduced positions

WFCWells Fargo & Company/mn$2.54Breported value-6.48M shares-11.3%AXPAmerican Express Co$2.52Breported value-7.83M shares-21.9%BNYThe Bank of New York Mellon Corporation$2.51Breported value-12.29M shares-14.8%GOOGLAlphabet Inc.$2.37Breported value-501.9K shares

Exited positions

AMPAmeriprise Financial Inc$343.61Mprior reported value-2.99M shares-100.0%IRMIron Mountain Inc$287.60Mprior reported value-9.48M shares-100.0%OAKOaktree Capital Group, LLC$80.24Mprior reported value-1.36M shares-100.0%SPYSPDR S&P 500 ETF Trust$20.85Mprior reported value-112.9K shares