13F filing recap · Q3 2024

What did Davis Advisors buy in Q3 2024?

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

$17.83B

Positions

102

Estimated turnover

12.3%

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.

Quarter in review

Davis Advisors opened new positions in Trip.com Group, Renaissancere Holdings, and Eastgroup Properties, while exiting Baidu, Masterbrand, and Hollysys Automation Technologies. The firm substantially increased its stakes in MGM Resorts International, Agco Corp, and ConocoPhillips, and trimmed Meta Platforms, Berkshire Hathaway, Amazon.com, Bank of New York Mellon, JPMorgan Chase, American Express, JD.com, and UnitedHealth Group.

New positions

TCOMTrip.com Group Limited$222.67Mreported value+3.75M shares RNRRenaissancere Holdings Ltd.$38.47Mreported value+141.2K shares EGPEastgroup Properties, Inc.$7.41Mreported value+39.7K shares

Increased positions

MGMMgm Resorts International$744.21Mreported value+7.13M shares+59.8%VTRSViatris Inc$727.33Mreported value+5.11M shares+8.9%USBUS Bancorp$658.19Mreported value+164.5K shares+1.2%MKLMarkel Group Inc.$454.26Mreported value+2.5K shares

Reduced positions

METAMeta Platforms, Inc.$1.55Breported value-344.6K shares-11.3%COFCapital One Financial Corp$1.44Breported value-7.1K shares-0.1%BRK.ABerkshire Hathaway Inc$1.12Breported value-214 shares-11.7%AMATApplied Materials Inc /de$830.98Mreported value-73.2K shares

Exited positions

MBCMasterbrand, Inc.$12.09Mprior reported value-823.5K shares-100.0%HOLIHollysys Automation Technologies, Ltd.$4.78Mprior reported value-220.8K shares-100.0%BIDUBaidu, Inc.$4.05Mprior reported value-46.8K shares-100.0%