13F filing recap · Q3 2019

What did Davis Advisors buy in Q3 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

$19.87B

Positions

135

Estimated turnover

5.1%

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

CTRACoterra Energy Inc.$12.42Mreported value+707.1K shares EXPEExpedia Group, Inc.$12.37Mreported value+92.0K shares SFUNFang Holdings Limited$4.47Mreported value+2.01M shares CONECyrusone Inc.$3.34Mreported value+42.3K shares WORKSlack Technologies Inc$662.0Kreported value+27.9K shares IVEiShares Trust$511.0Kreported value+4.3K shares IWViShares Trust$252.0Kreported value+1.4K shares

Increased positions

BABAAlibaba Group Holding Limited$698.45Mreported value+3.4K shares+0.1%BACBank of America Corp$74.47Mreported value+909.8K shares+55.4%UNHUnitedHealth Group Incorporated$51.09Mreported value+35.6K shares+17.8%PNCThe Pnc Financial Services Group, Inc.$46.97Mreported value+7.7K shares

Reduced positions

WFCWells Fargo & Company/mn$1.39Breported value-262.6K shares-0.9%COFCapital One Financial Corp$1.24Breported value-173.3K shares-1.3%EDUNew Oriental Education & Technology Group Inc.$1.18Breported value-497.0K shares-4.5%GOOGAlphabet Inc.$1.12Breported value-44.2K shares

Exited positions

LEXEALiberty Expedia Holdings, Inc.$12.74Mprior reported value-266.7K shares-100.0%SFUNFang Holdings Limited$6.57Mprior reported value-10.57M shares-100.0%COSTCostco Wholesale Corp /new$2.03Mprior reported value-7.7K shares-100.0%FUTUFutu Holdings Ltd$1.03Mprior reported value