13F filing recap · Q3 2014

What did Davis Advisors buy in Q3 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

$32.14B

Positions

184

Estimated turnover

19.4%

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

OVVOvintiv Inc.$400.67Mreported value+18.89M shares CFGCitizens Financial Group Inc/ri$141.99Mreported value+6.06M shares LTRPALiberty Tripadvisor Holdings, Inc.$38.98Mreported value+1.15M shares BABAAlibaba Group Holding Limited$26.66Mreported value+300.0K shares YYJoyy Inc$22.10Mreported value+294.9K shares COFCapital One Financial Corp$15.20Mreported value+186.3K shares KRGKite Realty Group Trust$12.43Mreported value+512.8K shares URIUnited Rentals, Inc.$12.42Mreported value+111.8K shares TSNUTyson Foods, Inc.$9.32Mreported value+185.0K shares RPTRpt Realty$8.73Mreported value+537.1K shares AMHAmerican Homes 4 Rent$7.82Mreported value+462.7K shares ARPIAmerican Residential Properties, Inc.$7.51Mreported value+409.4K shares PLDPrologis, Inc.$7.48Mreported value+198.5K shares DLRDigital Realty Trust, Inc.$5.17Mreported value+82.9K shares CDRCedar Realty Trust, Inc.$4.22Mreported value+715.6K shares MACMacerich Co$3.94Mreported value+61.7K shares CTTCatchmark Timber Trust, Inc.$3.74Mreported value+340.9K shares CCGCampus Crest Communities, Inc.$3.29Mreported value+513.7K shares KBRKbr, Inc.$1.98Mreported value+105.3K shares WYNNWynn Resorts Ltd$1.96Mreported value+10.5K shares JAHJarden Corporation$602.0Kreported value+10.0K shares

Increased positions

BRK.ABerkshire Hathaway Inc$1.67Breported value+3 shares+0.0%AMZNAmazon.com Inc$1.07Breported value+979.0K shares+41.8%LBTYKLiberty Global Ltd.$934.28Mreported value+1.72M shares+8.2%LVSLas Vegas Sands Corp$726.82Mreported value+1.66M shares

Reduced positions

BNYThe Bank of New York Mellon Corporation$2.40Breported value-4.55M shares-6.8%WFCWells Fargo & Company/mn$2.35Breported value-1.86M shares-3.9%AXPAmerican Express Co$2.15Breported value-1.08M shares-4.2%GOOGLAlphabet Inc.$1.16Breported value-9.0K shares

Exited positions

SLBSlb Limited/nv$122.04Mprior reported value-1.03M shares-100.0%MLMMartin Marietta Materials Inc$94.67Mprior reported value-717.0K shares-100.0%OXYOccidental Petroleum Corporation$87.61Mprior reported value-853.7K shares-100.0%TWTRTwitter Inc.$46.43Mprior reported value-1.13M shares