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

CIK: 0001945894 · Show all filings

Period: Q2 2023 (← Previous) (Next →)

Filing Date: Aug 14, 2023

Total Value ($000): $1,669,821 (100.0% shares, 0.0% debt)

Holdings (32)

ACGL Arch Capital Group LTD 8.9%

Value ($000) $147,883 Shares 1,975,720 Est. Cost $42.96 Unrealized +60.1%

META Meta Platforms 8.6%

Value ($000) $143,490 Shares 500,000 Est. Cost $160.96 Unrealized +52.2%

GOOG Alphabet Inc 7.2%

Value ($000) $120,970 Shares 1,000,000 Est. Cost $110.83 Unrealized +3.7%

GPN Global Payments Inc. 6.5%

Value ($000) $108,372 Shares 1,100,000 Est. Cost $119.23 Unrealized -16.0%

WAL Western Alliance Bancorp 5.5%

Value ($000) $91,175 Shares 2,500,000 Est. Cost $69.27 Unrealized -53.1%

STT State Street Corp 5.3%

Value ($000) $87,816 Shares 1,200,000 Est. Cost $60.70 Unrealized +8.0%

CB Chubb Limited 5.2%

Value ($000) $86,652 Shares 450,000 Est. Cost $181.71 Unrealized +4.5%

V Visa Inc Com 4.3%

Value ($000) $71,244 Shares 300,000 Est. Cost $198.34 Unrealized +13.2%

BRK/B Berkshire Hathaway Inc Del Cl B Frmly 4.1%

Value ($000) $68,200 Shares 200,000 Est. Cost $284.56 Unrealized +14.7%

BRK/A Berkshire Hathaway Inc Del Cl A Frmly 3.7%

Value ($000) $62,137 Shares 120 Est. Cost $428128.38 Unrealized +16.3%

WBS Webster Financial Corp 3.6%

Value ($000) $60,400 Shares 1,600,000 Est. Cost $46.94 Unrealized -21.4%

AX AXOS Financial Inc 3.4%

Value ($000) $56,202 Shares 1,425,000 Est. Cost $40.31 Unrealized -3.9%

— KKR & Co. 3.4%

Value ($000) $56,000 Shares 1,000,000 Est. Cost $43.00 Unrealized —

CG Carlyle Group 2.9%

Value ($000) $47,925 Shares 1,500,000 Est. Cost $29.10 Unrealized -8.5%

BABA Alibaba 2.5%

Value ($000) $41,675 Shares 500,000 Est. Cost $113.68 Unrealized —

GS Goldman Sachs Group Inc 2.3%

Value ($000) $38,705 Shares 120,000 Est. Cost $297.04 Unrealized +3.7%

SFBS Servisfirst Bancshares Inc 2.2%

Value ($000) $36,974 Shares 903,562 Est. Cost $79.18 Unrealized -44.6%

MKL Markel 2.1%

Value ($000) $34,580 Shares 25,000 Est. Cost $1220.12 Unrealized +9.9%

TCBK TriCo Bancshares 2.0%

Value ($000) $33,891 Shares 1,020,800 Est. Cost $46.93 Unrealized -24.1%

MA Mastercard Inc 2.0%

Value ($000) $33,431 Shares 85,000 Est. Cost $325.17 Unrealized +13.7%

USB US Bancorp Del Com New 2.0%

Value ($000) $33,040 Shares 1,000,000 Est. Cost $39.22 Unrealized -27.6%

RJF Raymond James Financial Inc 1.9%

Value ($000) $31,131 Shares 300,000 Est. Cost $96.20 Unrealized -7.2%

MTB M&T Bank 1.9%

Value ($000) $30,940 Shares 250,000 Est. Cost $126.46 Unrealized -12.5%

GBCI Glacier Bancorp 1.5%

Value ($000) $24,604 Shares 789,353 Est. Cost $45.13 Unrealized -33.4%

JLL Jones Lange Lasalle Inc. 1.4%

Value ($000) $23,370 Shares 150,000 Est. Cost $174.25 Unrealized -18.6%

FSBC Five Star Bancorp 1.3%

Value ($000) $22,370 Shares 1,000,000 Est. Cost $23.72 Unrealized -21.5%

FCNCA First Citizen Bancshares 1.1%

Value ($000) $18,225 Shares 14,200 Est. Cost $734.82 Unrealized +55.9%

— Southern States Bancshares 1.0%

Value ($000) $16,668 Shares 789,946 Est. Cost $27.25 Unrealized —

— Pacwest Bancorp 1.0%

Value ($000) $16,545 Shares 2,030,000 Est. Cost $22.60 Unrealized —

ABCB Ameris Bancorp 0.8%

Value ($000) $13,684 Shares 400,000 Est. Cost $47.99 Unrealized -33.3%

CCNE CNB Financial Corp PA 0.4%

Value ($000) $7,061 Shares 400,076 Est. Cost $21.90 Unrealized -24.9%

TSBK Timberland Bancorp Inc 0.3%

Value ($000) $4,463 Shares 174,476 Est. Cost $23.23 Unrealized -2.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ACGL	Arch Capital Group LTD	1,975,720	$147,883	8.9%	$42.96	+60.1%	COM	G0450A105
META	Meta Platforms	500,000	$143,490	8.6%	$160.96	+52.2%	Cl A	30303M102
GOOG	Alphabet Inc	1,000,000	$120,970	7.2%	$110.83	+3.7%	Class C	02079K107
GPN	Global Payments Inc.	1,100,000	$108,372	6.5%	$119.23	-16.0%	COM	37940X102
WAL	Western Alliance Bancorp	2,500,000	$91,175	5.5%	$69.27	-53.1%	COM	957638109
STT	State Street Corp	1,200,000	$87,816	5.3%	$60.70	+8.0%	COM	857477103
CB	Chubb Limited	450,000	$86,652	5.2%	$181.71	+4.5%	COM	H1467J104
V	Visa Inc Com	300,000	$71,244	4.3%	$198.34	+13.2%	COM	92826C839
BRK/B	Berkshire Hathaway Inc Del Cl B Frmly	200,000	$68,200	4.1%	$284.56	+14.7%	CL B	084670702
BRK/A	Berkshire Hathaway Inc Del Cl A Frmly	120	$62,137	3.7%	$428128.38	+16.3%	CL A	084670108
WBS	Webster Financial Corp	1,600,000	$60,400	3.6%	$46.94	-21.4%	COM	947890109
AX	AXOS Financial Inc	1,425,000	$56,202	3.4%	$40.31	-3.9%	COM	05465C100
—	KKR & Co.	1,000,000	$56,000	3.4%	$43.00	—	COM	48248M102
CG	Carlyle Group	1,500,000	$47,925	2.9%	$29.10	-8.5%	COM	14316J108
BABA	Alibaba	500,000	$41,675	2.5%	$113.68	—	Sponsored ADS	01609W102
GS	Goldman Sachs Group Inc	120,000	$38,705	2.3%	$297.04	+3.7%	COM	38141G104
SFBS	Servisfirst Bancshares Inc	903,562	$36,974	2.2%	$79.18	-44.6%	COM	81768T108
MKL	Markel	25,000	$34,580	2.1%	$1220.12	+9.9%	COM	570535104
TCBK	TriCo Bancshares	1,020,800	$33,891	2.0%	$46.93	-24.1%	COM	896095106
MA	Mastercard Inc	85,000	$33,431	2.0%	$325.17	+13.7%	COM	57636Q104
USB	US Bancorp Del Com New	1,000,000	$33,040	2.0%	$39.22	-27.6%	COM	902973304
RJF	Raymond James Financial Inc	300,000	$31,131	1.9%	$96.20	-7.2%	COM	754730109
MTB	M&T Bank	250,000	$30,940	1.9%	$126.46	-12.5%	COM	55261F104
GBCI	Glacier Bancorp	789,353	$24,604	1.5%	$45.13	-33.4%	COM	37637Q105
JLL	Jones Lange Lasalle Inc.	150,000	$23,370	1.4%	$174.25	-18.6%	COM	48020Q107
FSBC	Five Star Bancorp	1,000,000	$22,370	1.3%	$23.72	-21.5%	COM	33830T103
FCNCA	First Citizen Bancshares	14,200	$18,225	1.1%	$734.82	+55.9%	Cl A	31946M103
—	Southern States Bancshares	789,946	$16,668	1.0%	$27.25	—	COM	843878307
—	Pacwest Bancorp	2,030,000	$16,545	1.0%	$22.60	—	COM	695263103
ABCB	Ameris Bancorp	400,000	$13,684	0.8%	$47.99	-33.3%	COM	03076K108
CCNE	CNB Financial Corp PA	400,076	$7,061	0.4%	$21.90	-24.9%	COM	126128107
TSBK	Timberland Bancorp Inc	174,476	$4,463	0.3%	$23.23	-2.3%	COM	887098101