Davis Asset Management, L.P. 13F annual report
Davis Asset Management, L.P. is an investment fund managing more than $2.23 trillion ran by Lansing Davis. There are currently 34 companies in Davis’s portfolio. The largest investments include Meta Platforms Inc and Alphabet Inc, together worth $436 billion.
$2.23 trillion Assets Under Management (AUM)
As of 6th August 2024, Davis Asset Management, L.P.’s top holding is 500,000 shares of Meta Platforms Inc currently worth over $252 billion and making up 11.3% of the portfolio value.
Relative to the number of outstanding shares of Meta Platforms Inc, Davis Asset Management, L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 1,000,000 shares of Alphabet Inc worth $183 billion, whose value grew 12.0% in the past six months.
The third-largest holding is Western Alliance Bancorp worth $157 billion and the next is Global Payments worth $126 billion, with 1,300,000 shares owned.
Currently, Davis Asset Management, L.P.'s portfolio is worth at least $2.23 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Davis Asset Management, L.P.
The Davis Asset Management, L.P. office and employees reside in Sausalito, California. According to the last 13-F report filed with the SEC, Lansing Davis serves as the Manager of the General Partner at Davis Asset Management, L.P..
Recent trades
In the most recent 13F filing, Davis Asset Management, L.P. revealed that it had opened a new position in
Old Second Bancorp and bought 582,268 shares worth $8.62 billion.
The investment fund also strengthened its position in Global Payments by buying
200,000 additional shares.
This makes their stake in Global Payments total 1,300,000 shares worth $126 billion.
Global Payments dropped approximately 0.1% in the past year.
On the other hand, Lansing Davis disclosed a decreased stake in KKR & Co. Inc by 0.3%.
This leaves the value of the investment at $73.7 billion and 700,000 shares.
One of the largest hedge funds
The two most similar investment funds to Davis Asset Management, L.P. are Bragg Advisors, Inc and Chilton Capital Management. They manage $2.23 trillion and $2.22 trillion respectively.
Lansing Davis investment strategy
Davis Asset Management, L.P.’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Finance — making up 36.8% of
the total portfolio value.
The fund focuses on investments in the United States as
50.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
32% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $154 billion.
The complete list of Davis Asset Management, L.P. trades based on 13F SEC filings
These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Meta Platforms Inc |
No change
500,000
|
$252,110,000,000 | 11.32% |
| Alphabet Inc |
No change
1,000,000
|
$183,420,000,000 | 8.24% |
| Western Alliance Bancorp |
No change
2,500,000
|
$157,050,000,000 | 7.05% |
| Global Payments, Inc. |
18.18%
1,300,000
|
$125,710,000,000 | 5.65% |
| Chubb Limited |
No change
450,000
|
$114,786,000,000 | 5.16% |
| State Street Corp. |
No change
1,200,000
|
$88,800,000,000 | 3.99% |
| Corebridge Financial |
No change
3,000,000
|
$87,360,000,000 | 3.92% |
| Webster Financial Corp. |
No change
2,000,000
|
$87,180,000,000 | 3.92% |
| Axos Financial Inc. |
No change
1,500,000
|
$85,725,000,000 | 3.85% |
| Berkshire Hathaway Inc Del Cl B Frmly |
No change
200,000
|
$81,360,000,000 | 3.65% |
| Visa Inc |
No change
300,000
|
$78,741,000,000 | 3.54% |
| KKR & Co. Inc |
30.00%
700,000
|
$73,668,000,000 | 3.31% |
| Berkshire Hathaway Inc Del Cl A Frmly |
No change
120
|
$73,468,920,000 | 3.30% |
| Equity Residential |
No change
1,000,000
|
$69,340,000,000 | 3.11% |
| Carlyle Group |
No change
1,500,000
|
$60,225,000,000 | 2.70% |
| Arch Capital Group Ltd |
15.38%
550,000
|
$55,489,500,000 | 2.49% |
| Markel |
No change
35,000
|
$55,148,100,000 | 2.48% |
| M&t Bank |
No change
345,000
|
$52,219,200,000 | 2.35% |
| ServisFirst Bancshares Inc |
No change
823,562
|
$52,040,883,000 | 2.34% |
| Trico Bancshares |
No change
1,020,800
|
$40,393,056,000 | 1.81% |
| Us Bancorp Del Com New |
No change
1,000,000
|
$39,700,000,000 | 1.78% |
| Mastercard Incorporated |
No change
85,000
|
$37,498,600,000 | 1.68% |
| Raymond James Financial, Inc. |
No change
300,000
|
$37,083,000,000 | 1.67% |
| Alibaba |
No change
500,000
|
$36,000,000,000 | 1.62% |
| Five Star Bancorp |
3.42%
1,511,500
|
$35,746,975,000 | 1.61% |
| Goldman Sachs Group, Inc. |
41.67%
70,000
|
$31,662,400,000 | 1.42% |
| Jones Lange Lasalle Inc. |
No change
150,000
|
$30,792,000,000 | 1.38% |
| First Citizen Bancshares |
No change
14,200
|
$23,907,262,000 | 1.07% |
| Southern States Bancshares |
No change
774,046
|
$21,007,608,000 | 0.94% |
| Ameris Bancorp |
No change
400,000
|
$20,140,000,000 | 0.90% |
| Cnb Financial Corp Pa |
No change
700,000
|
$14,287,000,000 | 0.64% |
| Glacier Bancorp, Inc. |
No change
296,749
|
$11,074,673,000 | 0.50% |
| Old Second Bancorp |
Opened
582,268
|
$8,623,389,000 | 0.39% |
| Timberland Bancorp, Inc. |
No change
174,476
|
$4,726,555,000 | 0.21% |
| No transactions found | |||
| Showing first 500 out of 34 holdings | |||
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