13F filing recap · Q1 2019

What did Davis Advisors buy in Q1 2019?

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

$20.33B

Positions

135

Estimated turnover

8.1%

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

BACBank of America Corp$41.63Mreported value+1.51M shares WABWestinghouse Air Brake Technologies Corporation$11.06Mreported value+150.0K shares ALEXAlexander & Baldwin Inc$3.20Mreported value+125.8K shares FUTUFutu Holdings Ltd$1.85Mreported value+100.0K shares STORStore Capital Corporation$1.25Mreported value+37.3K shares TSGThe Stars Group Inc.$206.0Kreported value+11.8K shares

Increased positions

WFCWells Fargo & Company/mn$1.33Breported value+564.9K shares+2.1%COFCapital One Financial Corp$1.13Breported value+506.0K shares+3.8%UTXRtx Corporation$1.07Breported value+55.6K shares+0.7%EDUNew Oriental Education & Technology Group Inc.$944.07Mreported value+206.0K shares

Reduced positions

AMZNAmazon.com Inc$1.21Breported value-31.0K shares-4.4%GOOGAlphabet Inc.$1.15Breported value-39.3K shares-3.8%BRK.ABerkshire Hathaway Inc$1.02Breported value-118 shares-3.4%BNYThe Bank of New York Mellon Corporation$859.68Mreported value-415.6K shares

Exited positions

IVEiShares Trust$52.03Mprior reported value-514.4K shares-100.0%OAKOaktree Capital Group, LLC$39.53Mprior reported value-994.5K shares-100.0%SHPGShire Plc$28.25Mprior reported value-162.3K shares-100.0%IWViShares Trust$7.95Mprior reported value-54.1K shares