13F filing recap · Q4 2019

What did Davis Advisors buy in Q4 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

$20.91B

Positions

134

Estimated turnover

6.1%

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

TCOMTrip.com Group Limited$16.28Mreported value+485.5K shares DOCHealthpeak Properties, Inc.$11.71Mreported value+339.6K shares DEIDouglas Emmett, Inc.$5.87Mreported value+133.8K shares SHOSunstone Hotel Investors, Inc.$5.83Mreported value+419.0K shares JCAPJernigan Capital, Inc.$432.0Kreported value+22.6K shares DOWDow Inc.$219.0Kreported value+4.0K shares

Increased positions

INTCIntel Corp$504.01Mreported value+1.11M shares+15.1%WUBA58.com Inc.$37.03Mreported value+549.3K shares+2410.2%IQIqiyi, Inc.$22.45Mreported value+5.4K shares+0.5%PSAPublic Storage$20.70Mreported value+23.6K shares

Reduced positions

WFCWells Fargo & Company/mn$1.42Breported value-981.3K shares-3.6%COFCapital One Financial Corp$1.36Breported value-438.0K shares-3.2%EDUNew Oriental Education & Technology Group Inc.$1.24Breported value-381.2K shares-3.6%GOOGAlphabet Inc.$1.18Breported value-33.4K shares

Exited positions

KKRKkr & Co. Inc.$33.64Mprior reported value-1.25M shares-100.0%CTRPTrip.com Group Limited$14.10Mprior reported value-481.3K shares-100.0%HCPHcp Inc.$12.12Mprior reported value-340.1K shares-100.0%INVHInvitation Homes Inc.$4.40Mprior reported value-148.6K shares