13F filing recap · Q4 2017

What did Davis Advisors buy in Q4 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

$23.54B

Positions

143

Estimated turnover

18.0%

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

APTVAptiv Plc$211.81Mreported value+2.50M shares ANGIAngi Inc.$51.81Mreported value+4.95M shares DLPHDelphi Technologies Plc$36.99Mreported value+704.9K shares BDNBrandywine Realty Trust$8.80Mreported value+483.9K shares INVHInvitation Homes Inc.$2.81Mreported value+119.4K shares AMHAmerican Homes 4 Rent$2.79Mreported value+127.8K shares IWViShares Trust$527.0Kreported value+3.3K shares

Increased positions

GOOGAlphabet Inc.$1.22Breported value+16.7K shares+1.5%COFCapital One Financial Corp$1.18Breported value+317.0K shares+2.7%JCIJohnson Controls International Plc$653.45Mreported value+3.89M shares+29.3%BABAAlibaba Group Holding Limited$602.20Mreported value+2.94M shares

Reduced positions

AMZNAmazon.com Inc$1.74Breported value-20.5K shares-1.4%WFCWells Fargo & Company/mn$1.59Breported value-97.8K shares-0.4%JPMJPMorgan Chase & Co$1.35Breported value-163.0K shares-1.3%BRK.ABerkshire Hathaway Inc$1.23Breported value-62 shares

Exited positions

DLPHDelphi Automotive Plc$354.09Mprior reported value-3.60M shares-100.0%ANGIAngi Inc.$51.87Mprior reported value-4.16M shares-100.0%SPGIS&P Global Inc.$28.24Mprior reported value-180.6K shares-100.0%MAAMid-America Apartment Communities, Inc.$12.78Mprior reported value-119.6K shares