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

CIK: 0001945894 · Show all filings

Period: Q3 2023 (← Previous) (Next →)

Filing Date: Nov 13, 2023

Total Value ($000): $1,711,181 (100.0% shares, 0.0% debt)

Holdings (32)

META Meta Platforms 8.8%

Value ($000) $150,105 Shares 500,000 Est. Cost $160.96 Unrealized +85.9%

GOOG Alphabet Inc 7.7%

Value ($000) $131,850 Shares 1,000,000 Est. Cost $110.83 Unrealized +16.4%

GPN Global Payments Inc. 7.4%

Value ($000) $126,929 Shares 1,100,000 Est. Cost $119.23 Unrealized -2.6%

WAL Western Alliance Bancorp 6.7%

Value ($000) $114,925 Shares 2,500,000 Est. Cost $69.27 Unrealized -35.5%

ACGL Arch Capital Group LTD 5.6%

Value ($000) $95,652 Shares 1,200,000 Est. Cost $42.96 Unrealized +72.3%

CB Chubb Limited 5.5%

Value ($000) $93,681 Shares 450,000 Est. Cost $181.71 Unrealized +8.3%

STT State Street Corp 4.7%

Value ($000) $80,352 Shares 1,200,000 Est. Cost $60.70 Unrealized +6.9%

WBS Webster Financial Corp 4.1%

Value ($000) $70,543 Shares 1,750,000 Est. Cost $46.56 Unrealized -8.7%

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

Value ($000) $70,060 Shares 200,000 Est. Cost $284.56 Unrealized +24.7%

V Visa Inc Com 4.0%

Value ($000) $69,003 Shares 300,000 Est. Cost $198.34 Unrealized +19.1%

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

Value ($000) $63,777 Shares 120 Est. Cost $428128.38 Unrealized +25.9%

— KKR & Co. 3.6%

Value ($000) $61,600 Shares 1,000,000 Est. Cost $43.00 Unrealized —

AX AXOS Financial Inc 3.3%

Value ($000) $56,790 Shares 1,500,000 Est. Cost $40.41 Unrealized +4.7%

SFBS Servisfirst Bancshares Inc 2.8%

Value ($000) $47,139 Shares 903,562 Est. Cost $79.18 Unrealized -36.1%

CG Carlyle Group 2.6%

Value ($000) $45,240 Shares 1,500,000 Est. Cost $29.10 Unrealized +2.1%

MKL Markel 2.6%

Value ($000) $44,174 Shares 30,000 Est. Cost $1260.74 Unrealized +16.1%

BABA Alibaba 2.5%

Value ($000) $43,370 Shares 500,000 Est. Cost $113.68 Unrealized —

GS Goldman Sachs Group Inc 2.3%

Value ($000) $38,828 Shares 120,000 Est. Cost $297.04 Unrealized +6.2%

MA Mastercard Inc 2.0%

Value ($000) $33,652 Shares 85,000 Est. Cost $325.17 Unrealized +21.9%

USB US Bancorp Del Com New 1.9%

Value ($000) $33,060 Shares 1,000,000 Est. Cost $39.22 Unrealized -17.1%

TCBK TriCo Bancshares 1.9%

Value ($000) $32,696 Shares 1,020,800 Est. Cost $46.93 Unrealized -25.3%

MTB M&T Bank 1.8%

Value ($000) $31,613 Shares 250,000 Est. Cost $126.46 Unrealized -4.7%

RJF Raymond James Financial Inc 1.8%

Value ($000) $30,129 Shares 300,000 Est. Cost $96.20 Unrealized +6.2%

GBCI Glacier Bancorp 1.3%

Value ($000) $22,497 Shares 789,353 Est. Cost $45.13 Unrealized -36.9%

JLL Jones Lange Lasalle Inc. 1.2%

Value ($000) $21,177 Shares 150,000 Est. Cost $174.25 Unrealized -6.3%

FSBC Five Star Bancorp 1.2%

Value ($000) $20,060 Shares 1,000,000 Est. Cost $23.72 Unrealized -12.9%

FCNCA First Citizen Bancshares 1.1%

Value ($000) $19,597 Shares 14,200 Est. Cost $734.82 Unrealized +85.3%

— Southern States Bancshares 1.0%

Value ($000) $17,486 Shares 774,046 Est. Cost $27.25 Unrealized —

— Pacwest Bancorp 0.9%

Value ($000) $16,057 Shares 2,030,000 Est. Cost $22.60 Unrealized —

ABCB Ameris Bancorp 0.9%

Value ($000) $15,356 Shares 400,000 Est. Cost $47.99 Unrealized -19.6%

CCNE CNB Financial Corp PA 0.5%

Value ($000) $9,055 Shares 500,000 Est. Cost $20.96 Unrealized -18.0%

TSBK Timberland Bancorp Inc 0.3%

Value ($000) $4,728 Shares 174,476 Est. Cost $23.23 Unrealized +12.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	Meta Platforms	500,000	$150,105	8.8%	$160.96	+85.9%	Cl A	30303M102
GOOG	Alphabet Inc	1,000,000	$131,850	7.7%	$110.83	+16.4%	Class C	02079K107
GPN	Global Payments Inc.	1,100,000	$126,929	7.4%	$119.23	-2.6%	COM	37940X102
WAL	Western Alliance Bancorp	2,500,000	$114,925	6.7%	$69.27	-35.5%	COM	957638109
ACGL	Arch Capital Group LTD	1,200,000	$95,652	5.6%	$42.96	+72.3%	COM	G0450A105
CB	Chubb Limited	450,000	$93,681	5.5%	$181.71	+8.3%	COM	H1467J104
STT	State Street Corp	1,200,000	$80,352	4.7%	$60.70	+6.9%	COM	857477103
WBS	Webster Financial Corp	1,750,000	$70,543	4.1%	$46.56	-8.7%	COM	947890109
BRK/B	Berkshire Hathaway Inc Del Cl B Frmly	200,000	$70,060	4.1%	$284.56	+24.7%	CL B	084670702
V	Visa Inc Com	300,000	$69,003	4.0%	$198.34	+19.1%	COM	92826C839
BRK/A	Berkshire Hathaway Inc Del Cl A Frmly	120	$63,777	3.7%	$428128.38	+25.9%	CL A	084670108
—	KKR & Co.	1,000,000	$61,600	3.6%	$43.00	—	COM	48248M102
AX	AXOS Financial Inc	1,500,000	$56,790	3.3%	$40.41	+4.7%	COM	05465C100
SFBS	Servisfirst Bancshares Inc	903,562	$47,139	2.8%	$79.18	-36.1%	COM	81768T108
CG	Carlyle Group	1,500,000	$45,240	2.6%	$29.10	+2.1%	COM	14316J108
MKL	Markel	30,000	$44,174	2.6%	$1260.74	+16.1%	COM	570535104
BABA	Alibaba	500,000	$43,370	2.5%	$113.68	—	Sponsored ADS	01609W102
GS	Goldman Sachs Group Inc	120,000	$38,828	2.3%	$297.04	+6.2%	COM	38141G104
MA	Mastercard Inc	85,000	$33,652	2.0%	$325.17	+21.9%	COM	57636Q104
USB	US Bancorp Del Com New	1,000,000	$33,060	1.9%	$39.22	-17.1%	COM	902973304
TCBK	TriCo Bancshares	1,020,800	$32,696	1.9%	$46.93	-25.3%	COM	896095106
MTB	M&T Bank	250,000	$31,613	1.8%	$126.46	-4.7%	COM	55261F104
RJF	Raymond James Financial Inc	300,000	$30,129	1.8%	$96.20	+6.2%	COM	754730109
GBCI	Glacier Bancorp	789,353	$22,497	1.3%	$45.13	-36.9%	COM	37637Q105
JLL	Jones Lange Lasalle Inc.	150,000	$21,177	1.2%	$174.25	-6.3%	COM	48020Q107
FSBC	Five Star Bancorp	1,000,000	$20,060	1.2%	$23.72	-12.9%	COM	33830T103
FCNCA	First Citizen Bancshares	14,200	$19,597	1.1%	$734.82	+85.3%	Cl A	31946M103
—	Southern States Bancshares	774,046	$17,486	1.0%	$27.25	—	COM	843878307
—	Pacwest Bancorp	2,030,000	$16,057	0.9%	$22.60	—	COM	695263103
ABCB	Ameris Bancorp	400,000	$15,356	0.9%	$47.99	-19.6%	COM	03076K108
CCNE	CNB Financial Corp PA	500,000	$9,055	0.5%	$20.96	-18.0%	COM	126128107
TSBK	Timberland Bancorp Inc	174,476	$4,728	0.3%	$23.23	+12.8%	COM	887098101