13F filing recap · Q3 2016

What did Davis Advisors buy in Q3 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

$22.94B

Positions

132

Estimated turnover

19.7%

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

JCIJohnson Controls International Plc$678.88Mreported value+14.59M shares DLPHDelphi Automotive Plc$273.39Mreported value+3.83M shares AETAetna Inc.$173.67Mreported value+1.50M shares SFUNFang Holdings Limited$78.90Mreported value+17.57M shares PPGPpg Industries Inc$4.41Mreported value+42.7K shares CHUBKCommercehub, Inc.$3.68Mreported value+231.1K shares VTRVentas, Inc.$2.92Mreported value+41.4K shares CHUBACommercehub, Inc.$1.83Mreported value+115.5K shares AXTAAxalta Coating Systems Ltd.$322.0Kreported value+11.4K shares

Increased positions

APAApa Corporation$1.26Breported value+2.07M shares+11.7%WFCWells Fargo & Company/mn$1.16Breported value+1.97M shares+8.1%BNYThe Bank of New York Mellon Corporation$857.66Mreported value+1.72M shares+8.7%OVVOvintiv Inc.$785.57Mreported value+1.67M shares

Reduced positions

AMZNAmazon.com Inc$1.70Breported value-204.0K shares-9.1%JPMJPMorgan Chase & Co$1.13Breported value-823.0K shares-4.6%GOOGAlphabet Inc.$1.03Breported value-41.9K shares-3.1%BRK.ABerkshire Hathaway Inc$1.00Breported value-59 shares

Exited positions

JCIJohnson Controls International Plc$417.62Mprior reported value-9.44M shares-100.0%TYCTyco International Plc$314.36Mprior reported value-7.38M shares-100.0%ATVIActivision Blizzard, Inc.$278.50Mprior reported value-7.03M shares-100.0%AAPAdvance Auto Parts, Inc.$111.98Mprior reported value