13F filing recap · Q1 2020

What did Davis Advisors buy in Q1 2020?

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

$14.76B

Positions

122

Estimated turnover

12.6%

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

RTNRaytheon Company$136.41Mreported value+1.04M shares OVVOvintiv Inc.$20.14Mreported value+7.46M shares VMWVmware, Inc.$3.07Mreported value+25.3K shares ULTAUlta Beauty, Inc.$541.0Kreported value+3.1K shares

Increased positions

UTXRtx Corporation$823.77Mreported value+1.16M shares+15.3%COFCapital One Financial Corp$806.45Mreported value+2.77M shares+20.9%WFCWells Fargo & Company/mn$793.16Mreported value+1.15M shares+4.3%AMATApplied Materials Inc /de$748.79Mreported value+1.26M shares

Reduced positions

AMZNAmazon.com Inc$1.05Breported value-67.6K shares-11.1%GOOGAlphabet Inc.$931.18Mreported value-80.8K shares-9.2%BRK.ABerkshire Hathaway Inc$764.05Mreported value-316 shares-10.1%EDUNew Oriental Education & Technology Group Inc.$733.35Mreported value-3.47M shares

Exited positions

OVVOvintiv Inc.$177.95Mprior reported value-37.94M shares-100.0%AZULAzul SA$16.49Mprior reported value-385.2K shares-100.0%REGRegency Centers Corporation$8.38Mprior reported value-132.7K shares-100.0%VSAVisionsys AI Inc.$7.94Mprior reported value-4.05M shares