13F filing recap · Q4 2015

What did Davis Advisors buy in Q4 2015?

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

$23.92B

Positions

187

Estimated turnover

33.4%

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

GOOGAlphabet Inc.$1.06Breported value+1.40M shares GOOGLAlphabet Inc.$734.03Mreported value+943.5K shares APAApa Corporation$591.46Mreported value+13.30M shares METAMeta Platforms, Inc.$258.66Mreported value+2.47M shares QUOTQuotient Technology Inc$45.20Mreported value+6.63M shares BANRBanner Corporation$23.68Mreported value+529.6K shares ETNEaton Corporation Plc$6.25Mreported value+120.2K shares HPEHewlett Packard Enterprise Company$4.29Mreported value+282.2K shares IWViShares Trust$3.94Mreported value+32.7K shares FEYEMandiant Inc$3.83Mreported value+184.6K shares HPQHP Inc.$3.32Mreported value+280.5K shares CORRCorenergy Infrastructure Trust, Inc.$2.65Mreported value+178.8K shares XUnited States Steel Corporation$695.0Kreported value+87.1K shares SPYSPDR S&P 500 ETF Trust$535.0Kreported value+2.6K shares FSLRFirst Solar, Inc.$266.0Kreported value+4.0K shares

Increased positions

MONMonsanto Company$811.14Mreported value+860.3K shares+11.7%SCHWSchwab Charles Corp$487.56Mreported value+1.97M shares+15.4%VRXValeant Pharmaceuticals International, Inc.$384.64Mreported value+2.27M shares+150.7%OVVOvintiv Inc.$357.26Mreported value+947.4K shares

Reduced positions

AMZNAmazon.com Inc$1.89Breported value-323.2K shares-10.3%WFCWells Fargo & Company/mn$1.40Breported value-4.21M shares-14.0%JPMJPMorgan Chase & Co$1.15Breported value-359.7K shares-2.0%AXPAmerican Express Co$1.06Breported value-2.24M shares

Exited positions

GOOGAlphabet Inc.$902.80Mprior reported value-1.48M shares-100.0%GOOGLAlphabet Inc.$697.82Mprior reported value-1.09M shares-100.0%HDGHunter Douglas NV$70.36Mprior reported value-1.65M shares-100.0%COUPCoupons.com Incorporated$47.72Mprior reported value-5.30M shares