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

CIK: 0001945894 · Show all filings

Period: Q1 2023 (← Previous) (Next →)

Filing Date: May 11, 2023

Total Value ($000): $1,557,224 (100.0% shares, 0.0% debt)

Holdings (32)

ACGL Arch Capital Group LTD 8.7%

Value ($000) $135,789 Shares 2,000,720 Est. Cost $42.96 Unrealized +45.5%

GPN Global Payments Inc. 7.4%

Value ($000) $115,764 Shares 1,100,000 Est. Cost $119.23 Unrealized -11.7%

GOOG Alphabet Inc 6.7%

Value ($000) $104,000 Shares 1,000,000 Est. Cost $110.83 Unrealized -13.5%

STT State Street Corp 5.8%

Value ($000) $90,828 Shares 1,200,000 Est. Cost $60.70 Unrealized +25.5%

WAL Western Alliance Bancorp 5.7%

Value ($000) $88,850 Shares 2,500,000 Est. Cost $69.27 Unrealized -17.9%

CB Chubb Limited 5.6%

Value ($000) $87,381 Shares 450,000 Est. Cost $181.71 Unrealized +11.6%

V Visa Inc Com 4.3%

Value ($000) $67,638 Shares 300,000 Est. Cost $198.34 Unrealized +9.8%

BRK/B Berkshire Hathaway Inc Del Cl B Frmly 4.0%

Value ($000) $61,754 Shares 200,000 Est. Cost $284.56 Unrealized +8.3%

META Meta Platforms 3.9%

Value ($000) $60,170 Shares 500,000 Est. Cost $160.96 Unrealized +5.1%

WBS Webster Financial Corp 3.8%

Value ($000) $59,130 Shares 1,500,000 Est. Cost $47.61 Unrealized +0.8%

BRK/A Berkshire Hathaway Inc Del Cl A Frmly 3.6%

Value ($000) $55,872 Shares 120 Est. Cost $428128.38 Unrealized +9.0%

— KKR & Co. 3.4%

Value ($000) $52,520 Shares 1,000,000 Est. Cost $43.00 Unrealized —

BABA Alibaba 3.3%

Value ($000) $51,090 Shares 500,000 Est. Cost $113.68 Unrealized —

SFBS Servisfirst Bancshares Inc 3.2%

Value ($000) $49,362 Shares 903,562 Est. Cost $79.18 Unrealized -20.0%

CG Carlyle Group 3.0%

Value ($000) $46,590 Shares 1,500,000 Est. Cost $29.10 Unrealized +3.3%

AX AXOS Financial Inc 2.8%

Value ($000) $44,304 Shares 1,200,000 Est. Cost $40.61 Unrealized +6.2%

TCBK TriCo Bancshares 2.7%

Value ($000) $42,455 Shares 1,020,800 Est. Cost $46.93 Unrealized +2.7%

GS Goldman Sachs Group Inc 2.5%

Value ($000) $39,253 Shares 120,000 Est. Cost $297.04 Unrealized +9.0%

USB US Bancorp Del Com New 2.3%

Value ($000) $36,050 Shares 1,000,000 Est. Cost $39.22 Unrealized -1.5%

GBCI Glacier Bancorp 2.1%

Value ($000) $33,161 Shares 789,353 Est. Cost $45.13 Unrealized -8.4%

MKL Markel 2.1%

Value ($000) $31,935 Shares 25,000 Est. Cost $1220.12 Unrealized +8.9%

MA Mastercard Inc 2.0%

Value ($000) $30,890 Shares 85,000 Est. Cost $325.17 Unrealized +9.9%

RJF Raymond James Financial Inc 1.8%

Value ($000) $27,981 Shares 300,000 Est. Cost $96.20 Unrealized +5.4%

MTB M&T Bank 1.5%

Value ($000) $22,718 Shares 190,000 Est. Cost $131.45 Unrealized 0.0%

JLL Jones Lange Lasalle Inc. 1.4%

Value ($000) $21,824 Shares 150,000 Est. Cost $174.25 Unrealized -4.3%

FSBC Five Star Bancorp 1.4%

Value ($000) $21,340 Shares 1,000,000 Est. Cost $23.72 Unrealized -0.5%

— Pacwest Bancorp 1.3%

Value ($000) $19,752 Shares 2,030,000 Est. Cost $22.60 Unrealized —

— Southern States Bancshares 1.2%

Value ($000) $17,978 Shares 797,244 Est. Cost $27.25 Unrealized —

ABCB Ameris Bancorp 0.9%

Value ($000) $14,632 Shares 400,000 Est. Cost $47.99 Unrealized -9.9%

FCNCA First Citizen Bancshares 0.9%

Value ($000) $13,818 Shares 14,200 Est. Cost $734.82 Unrealized 0.0%

CCNE CNB Financial Corp PA 0.5%

Value ($000) $7,681 Shares 400,076 Est. Cost $21.90 Unrealized -4.9%

TSBK Timberland Bancorp Inc 0.3%

Value ($000) $4,714 Shares 174,476 Est. Cost $23.23 Unrealized +25.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ACGL	Arch Capital Group LTD	2,000,720	$135,789	8.7%	$42.96	+45.5%	COM	G0450A105
GPN	Global Payments Inc.	1,100,000	$115,764	7.4%	$119.23	-11.7%	COM	37940X102
GOOG	Alphabet Inc	1,000,000	$104,000	6.7%	$110.83	-13.5%	Class C	02079K107
STT	State Street Corp	1,200,000	$90,828	5.8%	$60.70	+25.5%	COM	857477103
WAL	Western Alliance Bancorp	2,500,000	$88,850	5.7%	$69.27	-17.9%	COM	957638109
CB	Chubb Limited	450,000	$87,381	5.6%	$181.71	+11.6%	COM	H1467J104
V	Visa Inc Com	300,000	$67,638	4.3%	$198.34	+9.8%	COM	92826C839
BRK/B	Berkshire Hathaway Inc Del Cl B Frmly	200,000	$61,754	4.0%	$284.56	+8.3%	CL B	084670702
META	Meta Platforms	500,000	$60,170	3.9%	$160.96	+5.1%	Cl A	30303M102
WBS	Webster Financial Corp	1,500,000	$59,130	3.8%	$47.61	+0.8%	COM	947890109
BRK/A	Berkshire Hathaway Inc Del Cl A Frmly	120	$55,872	3.6%	$428128.38	+9.0%	CL A	084670108
—	KKR & Co.	1,000,000	$52,520	3.4%	$43.00	—	COM	48248M102
BABA	Alibaba	500,000	$51,090	3.3%	$113.68	—	Sponsored ADS	01609W102
SFBS	Servisfirst Bancshares Inc	903,562	$49,362	3.2%	$79.18	-20.0%	COM	81768T108
CG	Carlyle Group	1,500,000	$46,590	3.0%	$29.10	+3.3%	COM	14316J108
AX	AXOS Financial Inc	1,200,000	$44,304	2.8%	$40.61	+6.2%	COM	05465C100
TCBK	TriCo Bancshares	1,020,800	$42,455	2.7%	$46.93	+2.7%	COM	896095106
GS	Goldman Sachs Group Inc	120,000	$39,253	2.5%	$297.04	+9.0%	COM	38141G104
USB	US Bancorp Del Com New	1,000,000	$36,050	2.3%	$39.22	-1.5%	COM	902973304
GBCI	Glacier Bancorp	789,353	$33,161	2.1%	$45.13	-8.4%	COM	37637Q105
MKL	Markel	25,000	$31,935	2.1%	$1220.12	+8.9%	COM	570535104
MA	Mastercard Inc	85,000	$30,890	2.0%	$325.17	+9.9%	COM	57636Q104
RJF	Raymond James Financial Inc	300,000	$27,981	1.8%	$96.20	+5.4%	COM	754730109
MTB	M&T Bank	190,000	$22,718	1.5%	$131.45	0.0%	COM	55261F104
JLL	Jones Lange Lasalle Inc.	150,000	$21,824	1.4%	$174.25	-4.3%	COM	48020Q107
FSBC	Five Star Bancorp	1,000,000	$21,340	1.4%	$23.72	-0.5%	COM	33830T103
—	Pacwest Bancorp	2,030,000	$19,752	1.3%	$22.60	—	COM	695263103
—	Southern States Bancshares	797,244	$17,978	1.2%	$27.25	—	COM	843878307
ABCB	Ameris Bancorp	400,000	$14,632	0.9%	$47.99	-9.9%	COM	03076K108
FCNCA	First Citizen Bancshares	14,200	$13,818	0.9%	$734.82	0.0%	Cl A	31946M103
CCNE	CNB Financial Corp PA	400,076	$7,681	0.5%	$21.90	-4.9%	COM	126128107
TSBK	Timberland Bancorp Inc	174,476	$4,714	0.3%	$23.23	+25.5%	COM	887098101