13F filing recap · Q2 2018

What did Davis Advisors buy in Q2 2018?

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

$23.49B

Positions

138

Estimated turnover

14.6%

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

QRTEAQurate Retail, Inc.$40.92Mreported value+1.93M shares TPGETpg Pace Energy Holdings Corp.$26.31Mreported value+2.42M shares HCPHcp Inc.$8.78Mreported value+340.0K shares GLREGreenlight Capital Re, Ltd.$1.77Mreported value+125.0K shares SWCHSwitch Inc$1.00Mreported value+82.3K shares

Increased positions

WFCWells Fargo & Company/mn$1.50Breported value+392.5K shares+1.5%COFCapital One Financial Corp$1.24Breported value+91.0K shares+0.7%APAApa Corporation$1.12Breported value+83.7K shares+0.4%UTXRtx Corporation$1.04Breported value+775.0K shares

Reduced positions

AMZNAmazon.com Inc$1.53Breported value-236.7K shares-20.8%GOOGAlphabet Inc.$1.25Breported value-20.3K shares-1.8%JPMJPMorgan Chase & Co$1.24Breported value-226.7K shares-1.9%BRK.ABerkshire Hathaway Inc$1.09Breported value-89 shares

Exited positions

TALTal Education Group$54.17Mprior reported value-1.46M shares-100.0%QRTEALiberty Ventures Series A$49.52Mprior reported value-1.97M shares-100.0%BAMBrookfield Corporation$27.79Mprior reported value-712.6K shares-100.0%WELLWelltower Inc.$11.65Mprior reported value-214.0K shares