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

Location: Sausalito, CA

CIK: 0001945894 · Show all filings

Period: Q2 2023 (← Previous) (Next →)

Filing Date: Aug 14, 2023

Total Value: $1.67B (100.0% shares, 0.0% debt)

Holdings (32)

ACGL Arch Capital Group LTD 8.9%

Value $148M Shares 1,975,720 Est. Cost $42.96 Unrealized +60.1%

META Meta Platforms 8.6%

Value $143M Shares 500,000 Est. Cost $160.96 Unrealized +52.2%

GOOG Alphabet Inc 7.2%

Value $121M Shares 1,000,000 Est. Cost $110.83 Unrealized +3.7%

GPN Global Payments Inc. 6.5%

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

WAL Western Alliance Bancorp 5.5%

Value $91.17M Shares 2,500,000 Est. Cost $69.27 Unrealized -53.1%

STT State Street Corp 5.3%

Value $87.82M Shares 1,200,000 Est. Cost $60.70 Unrealized +8.0%

CB Chubb Limited 5.2%

Value $86.65M Shares 450,000 Est. Cost $181.71 Unrealized +4.5%

V Visa Inc Com 4.3%

Value $71.24M Shares 300,000 Est. Cost $198.34 Unrealized +13.2%

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

Value $68.2M Shares 200,000 Est. Cost $284.56 Unrealized +14.7%

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

Value $62.14M Shares 120 Est. Cost $428128.38 Unrealized +16.3%

WBS Webster Financial Corp 3.6%

Value $60.4M Shares 1,600,000 Est. Cost $46.94 Unrealized -21.4%

AX AXOS Financial Inc 3.4%

Value $56.2M Shares 1,425,000 Est. Cost $40.31 Unrealized -3.9%

— KKR & Co. 3.4%

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

CG Carlyle Group 2.9%

Value $47.92M Shares 1,500,000 Est. Cost $29.10 Unrealized -8.5%

BABA Alibaba 2.5%

Value $41.67M Shares 500,000 Est. Cost $113.68 Unrealized —

GS Goldman Sachs Group Inc 2.3%

Value $38.7M Shares 120,000 Est. Cost $297.04 Unrealized +3.7%

SFBS Servisfirst Bancshares Inc 2.2%

Value $36.97M Shares 903,562 Est. Cost $79.18 Unrealized -44.6%

MKL Markel 2.1%

Value $34.58M Shares 25,000 Est. Cost $1220.12 Unrealized +9.9%

TCBK TriCo Bancshares 2.0%

Value $33.89M Shares 1,020,800 Est. Cost $46.93 Unrealized -24.1%

MA Mastercard Inc 2.0%

Value $33.43M Shares 85,000 Est. Cost $325.17 Unrealized +13.7%

USB US Bancorp Del Com New 2.0%

Value $33.04M Shares 1,000,000 Est. Cost $39.22 Unrealized -27.6%

RJF Raymond James Financial Inc 1.9%

Value $31.13M Shares 300,000 Est. Cost $96.20 Unrealized -7.2%

MTB M&T Bank 1.9%

Value $30.94M Shares 250,000 Est. Cost $126.46 Unrealized -12.5%

GBCI Glacier Bancorp 1.5%

Value $24.6M Shares 789,353 Est. Cost $45.13 Unrealized -33.4%

JLL Jones Lange Lasalle Inc. 1.4%

Value $23.37M Shares 150,000 Est. Cost $174.25 Unrealized -18.6%

FSBC Five Star Bancorp 1.3%

Value $22.37M Shares 1,000,000 Est. Cost $23.72 Unrealized -21.5%

FCNCA First Citizen Bancshares 1.1%

Value $18.22M Shares 14,200 Est. Cost $734.82 Unrealized +55.9%

— Southern States Bancshares 1.0%

Value $16.67M Shares 789,946 Est. Cost $27.25 Unrealized —

— Pacwest Bancorp 1.0%

Value $16.54M Shares 2,030,000 Est. Cost $22.60 Unrealized —

ABCB Ameris Bancorp 0.8%

Value $13.68M Shares 400,000 Est. Cost $47.99 Unrealized -33.3%

CCNE CNB Financial Corp PA 0.4%

Value $7.061M Shares 400,076 Est. Cost $21.90 Unrealized -24.9%

TSBK Timberland Bancorp Inc 0.3%

Value $4.463M Shares 174,476 Est. Cost $23.23 Unrealized -2.3%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ACGL	Arch Capital Group LTD	1,975,720	$148M	8.9%	$42.96	+60.1%	COM	G0450A105
META	Meta Platforms	500,000	$143M	8.6%	$160.96	+52.2%	Cl A	30303M102
GOOG	Alphabet Inc	1,000,000	$121M	7.2%	$110.83	+3.7%	Class C	02079K107
GPN	Global Payments Inc.	1,100,000	$108M	6.5%	$119.23	-16.0%	COM	37940X102
WAL	Western Alliance Bancorp	2,500,000	$91.17M	5.5%	$69.27	-53.1%	COM	957638109
STT	State Street Corp	1,200,000	$87.82M	5.3%	$60.70	+8.0%	COM	857477103
CB	Chubb Limited	450,000	$86.65M	5.2%	$181.71	+4.5%	COM	H1467J104
V	Visa Inc Com	300,000	$71.24M	4.3%	$198.34	+13.2%	COM	92826C839
BRK/B	Berkshire Hathaway Inc Del Cl B Frmly	200,000	$68.2M	4.1%	$284.56	+14.7%	CL B	084670702
BRK/A	Berkshire Hathaway Inc Del Cl A Frmly	120	$62.14M	3.7%	$428128.38	+16.3%	CL A	084670108
WBS	Webster Financial Corp	1,600,000	$60.4M	3.6%	$46.94	-21.4%	COM	947890109
AX	AXOS Financial Inc	1,425,000	$56.2M	3.4%	$40.31	-3.9%	COM	05465C100
—	KKR & Co.	1,000,000	$56M	3.4%	$43.00	—	COM	48248M102
CG	Carlyle Group	1,500,000	$47.92M	2.9%	$29.10	-8.5%	COM	14316J108
BABA	Alibaba	500,000	$41.67M	2.5%	$113.68	—	Sponsored ADS	01609W102
GS	Goldman Sachs Group Inc	120,000	$38.7M	2.3%	$297.04	+3.7%	COM	38141G104
SFBS	Servisfirst Bancshares Inc	903,562	$36.97M	2.2%	$79.18	-44.6%	COM	81768T108
MKL	Markel	25,000	$34.58M	2.1%	$1220.12	+9.9%	COM	570535104
TCBK	TriCo Bancshares	1,020,800	$33.89M	2.0%	$46.93	-24.1%	COM	896095106
MA	Mastercard Inc	85,000	$33.43M	2.0%	$325.17	+13.7%	COM	57636Q104
USB	US Bancorp Del Com New	1,000,000	$33.04M	2.0%	$39.22	-27.6%	COM	902973304
RJF	Raymond James Financial Inc	300,000	$31.13M	1.9%	$96.20	-7.2%	COM	754730109
MTB	M&T Bank	250,000	$30.94M	1.9%	$126.46	-12.5%	COM	55261F104
GBCI	Glacier Bancorp	789,353	$24.6M	1.5%	$45.13	-33.4%	COM	37637Q105
JLL	Jones Lange Lasalle Inc.	150,000	$23.37M	1.4%	$174.25	-18.6%	COM	48020Q107
FSBC	Five Star Bancorp	1,000,000	$22.37M	1.3%	$23.72	-21.5%	COM	33830T103
FCNCA	First Citizen Bancshares	14,200	$18.22M	1.1%	$734.82	+55.9%	Cl A	31946M103
—	Southern States Bancshares	789,946	$16.67M	1.0%	$27.25	—	COM	843878307
—	Pacwest Bancorp	2,030,000	$16.54M	1.0%	$22.60	—	COM	695263103
ABCB	Ameris Bancorp	400,000	$13.68M	0.8%	$47.99	-33.3%	COM	03076K108
CCNE	CNB Financial Corp PA	400,076	$7.061M	0.4%	$21.90	-24.9%	COM	126128107
TSBK	Timberland Bancorp Inc	174,476	$4.463M	0.3%	$23.23	-2.3%	COM	887098101