13F filing recap · Q1 2017

What did Davis Advisors buy in Q1 2017?

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

$23.19B

Positions

141

Estimated turnover

8.9%

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

FDXFedex Corporation$89.96Mreported value+461.0K shares KKRKkr & Co. Inc.$41.79Mreported value+2.29M shares MBLYMobileye NV$35.22Mreported value+573.6K shares DPLODiplomat Pharmacy, Inc.$26.03Mreported value+1.63M shares HOLIHollysys Automation Technologies, Ltd.$21.37Mreported value+1.26M shares DFNLDavis Fundamental ETF Trust$20.96Mreported value+1.01M shares DUSADavis Fundamental ETF Trust$20.48Mreported value+1.01M shares DWLDDavis Fundamental ETF Trust$19.89Mreported value+943.7K shares HPPHudson Pacific Properties, Inc.$8.58Mreported value+247.6K shares GGPGeneral Growth Properties Inc.$8.54Mreported value+368.4K shares NYRTNew York Reit, Inc.$6.16Mreported value+635.2K shares

Increased positions

APAApa Corporation$1.12Breported value+2.30M shares+11.7%ADNTAdient Plc$549.76Mreported value+69.5K shares+0.9%AETAetna Inc.$531.10Mreported value+226.7K shares+5.8%METAMeta Platforms, Inc.$521.20Mreported value+349.9K shares

Reduced positions

AMZNAmazon.com Inc$1.53Breported value-183.7K shares-9.6%WFCWells Fargo & Company/mn$1.42Breported value-931.5K shares-3.5%JPMJPMorgan Chase & Co$1.34Breported value-1.54M shares-9.1%BRK.ABerkshire Hathaway Inc$1.07Breported value-70 shares

Exited positions

EQTEqt Corporation$194.39Mprior reported value-2.97M shares-100.0%WAIRWesco Aircraft Holdings Inc$22.78Mprior reported value-1.52M shares-100.0%WCCWesco International, Inc.$13.51Mprior reported value-202.9K shares-100.0%AMHAmerican Homes 4 Rent$11.92Mprior reported value-568.0K shares