Davis Asset Management, L.P. Long-Term Concentrated

CIK: 0001945894 · Show all filings

Period: Q4 2022 (← Previous) (Next →)

Filing Date: Feb 13, 2023

Total Value ($000): $1,792,374 (100.0% shares, 0.0% debt)

Holdings (31)

ACGL Arch Capital Group LTD 10.5%

Value ($000) $188,340 Shares 3,000,000 Est. Cost $42.96 Unrealized +23.6%

WAL Western Alliance Bancorp 8.3%

Value ($000) $148,900 Shares 2,500,000 Est. Cost $69.27 Unrealized -13.7%

SBNY Signature Bank New York 7.1%

Value ($000) $126,742 Shares 1,100,000 Est. Cost $147.75 Unrealized —

GPN Global Payments Inc. 6.1%

Value ($000) $109,252 Shares 1,100,000 Est. Cost $119.23 Unrealized -15.3%

CB Chubb Limited 5.5%

Value ($000) $99,270 Shares 450,000 Est. Cost $181.71 Unrealized +10.0%

STT State Street Corp 5.2%

Value ($000) $93,084 Shares 1,200,000 Est. Cost $60.70 Unrealized +8.8%

GOOG Alphabet Inc 5.0%

Value ($000) $88,730 Shares 1,000,000 Est. Cost $110.83 Unrealized -14.5%

SFBS Servisfirst Bancshares Inc 3.8%

Value ($000) $68,910 Shares 1,000,000 Est. Cost $79.18 Unrealized -11.2%

V Visa Inc Com 3.5%

Value ($000) $62,328 Shares 300,000 Est. Cost $198.34 Unrealized -0.7%

BRK/B Berkshire Hathaway Inc Del Cl B Frmly 3.4%

Value ($000) $61,780 Shares 200,000 Est. Cost $284.56 Unrealized +4.4%

META Meta Platforms 3.4%

Value ($000) $60,170 Shares 500,000 Est. Cost $160.96 Unrealized -27.6%

BRK/A Berkshire Hathaway Inc Del Cl A Frmly 3.1%

Value ($000) $56,245 Shares 120 Est. Cost $428128.38 Unrealized +4.8%

TCBK TriCo Bancshares 2.8%

Value ($000) $51,031 Shares 1,000,800 Est. Cost $46.90 Unrealized +11.2%

— Pacwest Bancorp 2.6%

Value ($000) $46,589 Shares 2,030,000 Est. Cost $22.60 Unrealized —

— KKR & Co. 2.6%

Value ($000) $46,420 Shares 1,000,000 Est. Cost $43.00 Unrealized —

CG Carlyle Group 2.5%

Value ($000) $44,760 Shares 1,500,000 Est. Cost $29.10 Unrealized -12.5%

BABA Alibaba 2.5%

Value ($000) $44,045 Shares 500,000 Est. Cost $113.68 Unrealized —

USB US Bancorp Del Com New 2.4%

Value ($000) $43,610 Shares 1,000,000 Est. Cost $39.22 Unrealized -6.4%

GS Goldman Sachs Group Inc 2.3%

Value ($000) $41,206 Shares 120,000 Est. Cost $297.04 Unrealized +8.2%

GBCI Glacier Bancorp 2.2%

Value ($000) $39,010 Shares 789,353 Est. Cost $45.13 Unrealized +7.6%

AX AXOS Financial Inc 2.2%

Value ($000) $38,688 Shares 1,012,237 Est. Cost $40.14 Unrealized -5.0%

WBS Webster Financial Corp 2.1%

Value ($000) $36,866 Shares 778,750 Est. Cost $47.25 Unrealized +6.0%

MKL Markel 1.8%

Value ($000) $32,937 Shares 25,000 Est. Cost $1220.12 Unrealized +1.4%

RJF Raymond James Financial Inc 1.8%

Value ($000) $32,055 Shares 300,000 Est. Cost $96.20 Unrealized +11.2%

MA Mastercard Inc 1.6%

Value ($000) $29,557 Shares 85,000 Est. Cost $325.17 Unrealized -0.5%

FSBC Five Star Bancorp 1.4%

Value ($000) $25,295 Shares 928,595 Est. Cost $23.73 Unrealized +6.8%

JLL Jones Lange Lasalle Inc. 1.3%

Value ($000) $23,906 Shares 150,000 Est. Cost $174.25 Unrealized -8.5%

— Southern States Bancshares 1.3%

Value ($000) $23,080 Shares 797,244 Est. Cost $27.25 Unrealized —

ABCB Ameris Bancorp 1.1%

Value ($000) $18,856 Shares 400,000 Est. Cost $47.99 Unrealized 0.0%

TSBK Timberland Bancorp Inc 0.3%

Value ($000) $5,955 Shares 174,476 Est. Cost $23.23 Unrealized +23.5%

CCNE CNB Financial Corp PA 0.3%

Value ($000) $4,758 Shares 200,000 Est. Cost $22.98 Unrealized -2.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ACGL	Arch Capital Group LTD	3,000,000	$188,340	10.5%	$42.96	+23.6%	COM	G0450A105
WAL	Western Alliance Bancorp	2,500,000	$148,900	8.3%	$69.27	-13.7%	COM	957638109
SBNY	Signature Bank New York	1,100,000	$126,742	7.1%	$147.75	—	COM	82669G104
GPN	Global Payments Inc.	1,100,000	$109,252	6.1%	$119.23	-15.3%	COM	37940X102
CB	Chubb Limited	450,000	$99,270	5.5%	$181.71	+10.0%	COM	H1467J104
STT	State Street Corp	1,200,000	$93,084	5.2%	$60.70	+8.8%	COM	857477103
GOOG	Alphabet Inc	1,000,000	$88,730	5.0%	$110.83	-14.5%	Class C	02079K107
SFBS	Servisfirst Bancshares Inc	1,000,000	$68,910	3.8%	$79.18	-11.2%	COM	81768T108
V	Visa Inc Com	300,000	$62,328	3.5%	$198.34	-0.7%	COM	92826C839
BRK/B	Berkshire Hathaway Inc Del Cl B Frmly	200,000	$61,780	3.4%	$284.56	+4.4%	CL B	084670702
META	Meta Platforms	500,000	$60,170	3.4%	$160.96	-27.6%	Cl A	30303M102
BRK/A	Berkshire Hathaway Inc Del Cl A Frmly	120	$56,245	3.1%	$428128.38	+4.8%	CL A	084670108
TCBK	TriCo Bancshares	1,000,800	$51,031	2.8%	$46.90	+11.2%	COM	896095106
—	Pacwest Bancorp	2,030,000	$46,589	2.6%	$22.60	—	COM	695263103
—	KKR & Co.	1,000,000	$46,420	2.6%	$43.00	—	COM	48248M102
CG	Carlyle Group	1,500,000	$44,760	2.5%	$29.10	-12.5%	COM	14316J108
BABA	Alibaba	500,000	$44,045	2.5%	$113.68	—	Sponsored ADS	01609W102
USB	US Bancorp Del Com New	1,000,000	$43,610	2.4%	$39.22	-6.4%	COM	902973304
GS	Goldman Sachs Group Inc	120,000	$41,206	2.3%	$297.04	+8.2%	COM	38141G104
GBCI	Glacier Bancorp	789,353	$39,010	2.2%	$45.13	+7.6%	COM	37637Q105
AX	AXOS Financial Inc	1,012,237	$38,688	2.2%	$40.14	-5.0%	COM	05465C100
WBS	Webster Financial Corp	778,750	$36,866	2.1%	$47.25	+6.0%	COM	947890109
MKL	Markel	25,000	$32,937	1.8%	$1220.12	+1.4%	COM	570535104
RJF	Raymond James Financial Inc	300,000	$32,055	1.8%	$96.20	+11.2%	COM	754730109
MA	Mastercard Inc	85,000	$29,557	1.6%	$325.17	-0.5%	COM	57636Q104
FSBC	Five Star Bancorp	928,595	$25,295	1.4%	$23.73	+6.8%	COM	33830T103
JLL	Jones Lange Lasalle Inc.	150,000	$23,906	1.3%	$174.25	-8.5%	COM	48020Q107
—	Southern States Bancshares	797,244	$23,080	1.3%	$27.25	—	COM	843878307
ABCB	Ameris Bancorp	400,000	$18,856	1.1%	$47.99	0.0%	COM	03076K108
TSBK	Timberland Bancorp Inc	174,476	$5,955	0.3%	$23.23	+23.5%	COM	887098101
CCNE	CNB Financial Corp PA	200,000	$4,758	0.3%	$22.98	-2.6%	COM	126128107