13F filing recap · Q4 2018

What did Davis Advisors buy in Q4 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

$17.90B

Positions

137

Estimated turnover

11.9%

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

CVSCVS Health Corp$74.03Mreported value+1.13M shares CIThe Cigna Group$18.71Mreported value+98.4K shares KNTKKinetik Holdings Inc.$15.46Mreported value+2.00M shares OCOwens Corning$14.80Mreported value+337.1K shares IWViShares Trust$7.95Mreported value+54.1K shares VTRVentas, Inc.$7.25Mreported value+123.7K shares LPTLiberty Property Trust$5.28Mreported value+126.1K shares MACMacerich Co$2.32Mreported value+53.6K shares SPYSPDR S&P 500 ETF Trust$462.0Kreported value+1.8K shares

Increased positions

UTXRtx Corporation$874.73Mreported value+22.8K shares+0.3%METAMeta Platforms, Inc.$691.28Mreported value+289.4K shares+5.8%BABAAlibaba Group Holding Limited$569.69Mreported value+206.4K shares+5.2%EDUNew Oriental Education & Technology Group Inc.$563.10Mreported value+2.33M shares

Reduced positions

WFCWells Fargo & Company/mn$1.24Breported value-149.4K shares-0.6%BRK.ABerkshire Hathaway Inc$1.08Breported value-16 shares-0.5%AMZNAmazon.com Inc$1.06Breported value-21.5K shares-2.9%GOOGAlphabet Inc.$1.06Breported value-12.9K shares

Exited positions

AETAetna Inc.$932.74Mprior reported value-4.60M shares-100.0%ESRXExpress Scripts Holding Co$36.85Mprior reported value-387.9K shares-100.0%MRSHMarsh & Mclennan Companies, Inc.$25.75Mprior reported value-311.3K shares-100.0%BBBlackberry Limited$25.54Mprior reported value-2.24M shares