13F filing recap · Q4 2024

What did Davis Advisors buy in Q4 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

$17.21B

Positions

100

Estimated turnover

14.3%

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 positions in Full Truck Alliance, Netease, and Lam Research, while exiting Alibaba, Liberty Media, Retail Opportunity Investments, and Sun Communities. The firm substantially trimmed Wells Fargo, Bank of New York Mellon, JPMorgan Chase, Ke Holdings, Intel, and JD.com, and dramatically increased its CVS Health stake. It also added to Applied Materials, Markel Group, and Rexford Industrial Realty.

New positions

YMMFull Truck Alliance Co. Ltd.$58.43Mreported value+5.40M shares NTESNetease, Inc.$53.29Mreported value+597.3K shares LRCXLam Research Corporation$887.0Kreported value+12.3K shares

Increased positions

AMATApplied Materials Inc /de$766.35Mreported value+599.5K shares+14.6%MGMMgm Resorts International$690.25Mreported value+882.4K shares+4.6%MKLMarkel Group Inc.$639.61Mreported value+80.9K shares+27.9%CVSCVS Health Corp$511.12Mreported value+11.02M shares

Reduced positions

COFCapital One Financial Corp$1.65Breported value-379.4K shares-3.9%METAMeta Platforms, Inc.$1.46Breported value-222.3K shares-8.2%BRK.ABerkshire Hathaway Inc$1.08Breported value-35 shares-2.2%AMZNAmazon.com Inc$835.35Mreported value-254.8K shares

Exited positions

BABAAlibaba Group Holding Limited$13.56Mprior reported value-127.8K shares-100.0%ROICRetail Opportunity Investments Corp.$4.17Mprior reported value-265.1K shares-100.0%SUISun Communities, Inc$3.53Mprior reported value-26.1K shares-100.0%LRCXLam Research Corporation$1.00Mprior reported value