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

CIK: 0001945894 · Show all filings

Period: Q4 2023 (← Previous) (Next →)

Filing Date: Feb 15, 2024

Total Value ($000): $2,058,976

Holdings (33)

META Meta Platforms 8.6%

Value ($000) $176,980 Shares 500,000 Est. Cost $160.96 Unrealized +100.9%

WAL Western Alliance Bancorp 8.0%

Value ($000) $164,475 Shares 2,500,000 Est. Cost $69.27 Unrealized -30.6%

GOOG Alphabet Inc 6.8%

Value ($000) $140,930 Shares 1,000,000 Est. Cost $110.83 Unrealized +21.5%

GPN Global Payments Inc. 6.8%

Value ($000) $139,700 Shares 1,100,000 Est. Cost $119.23 Unrealized -5.0%

CB Chubb Limited 4.9%

Value ($000) $101,700 Shares 450,000 Est. Cost $181.71 Unrealized +17.6%

WBS Webster Financial Corp 4.9%

Value ($000) $101,520 Shares 2,000,000 Est. Cost $46.15 Unrealized -6.4%

STT State Street Corp 4.5%

Value ($000) $92,952 Shares 1,200,000 Est. Cost $60.70 Unrealized +6.8%

— KKR & Co. 4.0%

Value ($000) $82,850 Shares 1,000,000 Est. Cost $43.00 Unrealized —

AX AXOS Financial Inc 4.0%

Value ($000) $81,900 Shares 1,500,000 Est. Cost $40.41 Unrealized +3.3%

V Visa Inc Com 3.8%

Value ($000) $78,105 Shares 300,000 Est. Cost $198.34 Unrealized +22.3%

BRK/B Berkshire Hathaway Inc Del Cl B Frmly 3.5%

Value ($000) $71,332 Shares 200,000 Est. Cost $284.56 Unrealized +23.3%

BRK/A Berkshire Hathaway Inc Del Cl A Frmly 3.2%

Value ($000) $65,115 Shares 120 Est. Cost $428128.38 Unrealized +24.7%

EQR Equity Residential 3.0%

Value ($000) $61,160 Shares 1,000,000 Est. Cost $52.84 Unrealized 0.0%

CG Carlyle Group 3.0%

Value ($000) $61,035 Shares 1,500,000 Est. Cost $29.10 Unrealized +5.5%

SFBS Servisfirst Bancshares Inc 2.7%

Value ($000) $54,874 Shares 823,562 Est. Cost $79.18 Unrealized -34.4%

MKL Markel 2.4%

Value ($000) $49,697 Shares 35,000 Est. Cost $1283.31 Unrealized +10.6%

ACGL Arch Capital Group LTD 2.3%

Value ($000) $48,276 Shares 6,500,000 Est. Cost $71.30 Unrealized +9.0%

MTB M&T Bank 2.3%

Value ($000) $47,293 Shares 345,000 Est. Cost $123.93 Unrealized -5.4%

GS Goldman Sachs Group Inc 2.2%

Value ($000) $46,292 Shares 120,000 Est. Cost $297.04 Unrealized +7.0%

TCBK TriCo Bancshares 2.1%

Value ($000) $43,864 Shares 1,020,800 Est. Cost $46.93 Unrealized -23.5%

CRBG Corebridge Financial 2.1%

Value ($000) $43,320 Shares 2,000,000 Est. Cost $18.69 Unrealized 0.0%

USB US Bancorp Del Com New 2.1%

Value ($000) $43,280 Shares 1,000,000 Est. Cost $39.22 Unrealized -15.6%

BABA Alibaba 1.9%

Value ($000) $38,755 Shares 500,000 Est. Cost $113.68 Unrealized —

MA Mastercard Inc 1.8%

Value ($000) $36,253 Shares 85,000 Est. Cost $325.17 Unrealized +22.1%

RJF Raymond James Financial Inc 1.6%

Value ($000) $33,450 Shares 300,000 Est. Cost $96.20 Unrealized +3.7%

JLL Jones Lange Lasalle Inc. 1.4%

Value ($000) $28,331 Shares 150,000 Est. Cost $174.25 Unrealized -13.2%

FSBC Five Star Bancorp 1.3%

Value ($000) $26,481 Shares 1,011,500 Est. Cost $23.68 Unrealized -13.4%

— Southern States Bancshares 1.1%

Value ($000) $22,664 Shares 774,046 Est. Cost $27.25 Unrealized —

ABCB Ameris Bancorp 1.0%

Value ($000) $21,220 Shares 400,000 Est. Cost $47.99 Unrealized -13.2%

FCNCA First Citizen Bancshares 1.0%

Value ($000) $20,149 Shares 14,200 Est. Cost $734.82 Unrealized +89.5%

GBCI Glacier Bancorp 0.8%

Value ($000) $15,980 Shares 386,749 Est. Cost $45.13 Unrealized -29.5%

CCNE CNB Financial Corp PA 0.7%

Value ($000) $13,554 Shares 600,000 Est. Cost $20.59 Unrealized -9.0%

TSBK Timberland Bancorp Inc 0.3%

Value ($000) $5,489 Shares 174,476 Est. Cost $23.23 Unrealized +16.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	Meta Platforms	500,000	$176,980	8.6%	$160.96	+100.9%	—	30303M102
WAL	Western Alliance Bancorp	2,500,000	$164,475	8.0%	$69.27	-30.6%	—	957638109
GOOG	Alphabet Inc	1,000,000	$140,930	6.8%	$110.83	+21.5%	—	02079K107
GPN	Global Payments Inc.	1,100,000	$139,700	6.8%	$119.23	-5.0%	—	37940X102
CB	Chubb Limited	450,000	$101,700	4.9%	$181.71	+17.6%	—	H1467J104
WBS	Webster Financial Corp	2,000,000	$101,520	4.9%	$46.15	-6.4%	—	947890109
STT	State Street Corp	1,200,000	$92,952	4.5%	$60.70	+6.8%	—	857477103
—	KKR & Co.	1,000,000	$82,850	4.0%	$43.00	—	—	48248M102
AX	AXOS Financial Inc	1,500,000	$81,900	4.0%	$40.41	+3.3%	—	05465C100
V	Visa Inc Com	300,000	$78,105	3.8%	$198.34	+22.3%	—	92826C839
BRK/B	Berkshire Hathaway Inc Del Cl B Frmly	200,000	$71,332	3.5%	$284.56	+23.3%	—	084670702
BRK/A	Berkshire Hathaway Inc Del Cl A Frmly	120	$65,115	3.2%	$428128.38	+24.7%	—	084670108
EQR	Equity Residential	1,000,000	$61,160	3.0%	$52.84	0.0%	—	29476L107
CG	Carlyle Group	1,500,000	$61,035	3.0%	$29.10	+5.5%	—	14316J108
SFBS	Servisfirst Bancshares Inc	823,562	$54,874	2.7%	$79.18	-34.4%	—	81768T108
MKL	Markel	35,000	$49,697	2.4%	$1283.31	+10.6%	—	570535104
ACGL	Arch Capital Group LTD	6,500,000	$48,276	2.3%	$71.30	+9.0%	—	G0450A105
MTB	M&T Bank	345,000	$47,293	2.3%	$123.93	-5.4%	—	55261F104
GS	Goldman Sachs Group Inc	120,000	$46,292	2.2%	$297.04	+7.0%	—	38141G104
TCBK	TriCo Bancshares	1,020,800	$43,864	2.1%	$46.93	-23.5%	—	896095106
CRBG	Corebridge Financial	2,000,000	$43,320	2.1%	$18.69	0.0%	—	21871X109
USB	US Bancorp Del Com New	1,000,000	$43,280	2.1%	$39.22	-15.6%	—	902973304
BABA	Alibaba	500,000	$38,755	1.9%	$113.68	—	—	01609W102
MA	Mastercard Inc	85,000	$36,253	1.8%	$325.17	+22.1%	—	57636Q104
RJF	Raymond James Financial Inc	300,000	$33,450	1.6%	$96.20	+3.7%	—	754730109
JLL	Jones Lange Lasalle Inc.	150,000	$28,331	1.4%	$174.25	-13.2%	—	48020Q107
FSBC	Five Star Bancorp	1,011,500	$26,481	1.3%	$23.68	-13.4%	—	33830T103
—	Southern States Bancshares	774,046	$22,664	1.1%	$27.25	—	—	843878307
ABCB	Ameris Bancorp	400,000	$21,220	1.0%	$47.99	-13.2%	—	03076K108
FCNCA	First Citizen Bancshares	14,200	$20,149	1.0%	$734.82	+89.5%	—	31946M103
GBCI	Glacier Bancorp	386,749	$15,980	0.8%	$45.13	-29.5%	—	37637Q105
CCNE	CNB Financial Corp PA	600,000	$13,554	0.7%	$20.59	-9.0%	—	126128107
TSBK	Timberland Bancorp Inc	174,476	$5,489	0.3%	$23.23	+16.3%	—	887098101