13F filing recap · Q2 2016

What did Davis Advisors buy in Q2 2016?

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

$22.66B

Positions

132

Estimated turnover

13.9%

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

ATVIActivision Blizzard, Inc.$278.50Mreported value+7.03M shares EQTEqt Corporation$189.11Mreported value+2.44M shares PSAPublic Storage$22.55Mreported value+88.2K shares SPGIS&P Global Inc.MIXED CORP ACTION$18.85Mreported value+175.8K shares GGPGeneral Growth Properties, Inc.$17.76Mreported value+595.5K shares TALTal Education Group$13.85Mreported value+223.2K shares EDUNew Oriental Education & Technology Group Inc.$13.52Mreported value+322.7K shares HSTHost Hotels & Resorts, Inc.$7.07Mreported value+435.9K shares EQMEqm Midstream Partners LP$6.34Mreported value+79.0K shares NWLNewell Brands Inc.$398.0Kreported value+8.2K shares BBUBrookfield Business Partners L.p.$254.0Kreported value+13.3K shares

Increased positions

WFCWells Fargo & Company/mn$1.15Breported value+294.0K shares+1.2%JPMJPMorgan Chase & Co$1.10Breported value+133.2K shares+0.8%APAApa Corporation$980.43Mreported value+437.3K shares+2.5%UTXRtx Corporation$953.80Mreported value+421.9K shares

Reduced positions

AMZNAmazon.com Inc$1.60Breported value-426.6K shares-16.0%BRK.ABerkshire Hathaway Inc$1.02Breported value-173 shares-3.6%GOOGAlphabet Inc.$946.89Mreported value-10.0K shares-0.7%AXPAmerican Express Co$825.84Mreported value-575.3K shares

Exited positions

LVSLas Vegas Sands Corp$338.47Mprior reported value-6.55M shares-100.0%LHLabcorp Holdings Inc.$199.32Mprior reported value-1.70M shares-100.0%BANRBanner Corporation$21.99Mprior reported value-529.6K shares-100.0%TWCTime Warner Cable Inc$20.73Mprior reported value-101.3K shares