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

CIK: 0001945894 · Show all filings

Period: Q1 2024 (← Previous) (Next →)

Filing Date: May 13, 2024

Total Value ($000): $2,280,625 (100.0% shares, 0.0% debt)

Holdings (33)

META Meta Platforms 10.6%

Value ($000) $242,790 Shares 500,000 Est. Cost $160.96 Unrealized +175.4%

WAL Western Alliance Bancorp 7.0%

Value ($000) $160,475 Shares 2,500,000 Est. Cost $69.27 Unrealized -15.0%

GOOG Alphabet Inc 6.7%

Value ($000) $152,260 Shares 1,000,000 Est. Cost $110.83 Unrealized +29.3%

GPN Global Payments Inc. 6.4%

Value ($000) $147,026 Shares 1,100,000 Est. Cost $119.23 Unrealized +8.6%

CB Chubb Limited 5.1%

Value ($000) $116,609 Shares 450,000 Est. Cost $181.71 Unrealized +32.7%

WBS Webster Financial Corp 4.5%

Value ($000) $101,540 Shares 2,000,000 Est. Cost $46.15 Unrealized +6.0%

— KKR & Co. 4.4%

Value ($000) $100,580 Shares 1,000,000 Est. Cost $43.00 Unrealized —

STT State Street Corp 4.1%

Value ($000) $92,784 Shares 1,200,000 Est. Cost $60.70 Unrealized +14.6%

CRBG Corebridge Financial 3.8%

Value ($000) $86,190 Shares 3,000,000 Est. Cost $20.20 Unrealized +15.0%

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

Value ($000) $84,104 Shares 200,000 Est. Cost $284.56 Unrealized +38.2%

V Visa Inc Com 3.7%

Value ($000) $83,724 Shares 300,000 Est. Cost $198.34 Unrealized +37.3%

AX AXOS Financial Inc 3.6%

Value ($000) $81,060 Shares 1,500,000 Est. Cost $40.41 Unrealized +30.2%

BRK/A Berkshire Hathaway Inc Del Cl A Frmly 3.3%

Value ($000) $76,133 Shares 120 Est. Cost $428128.38 Unrealized +38.7%

CG Carlyle Group 3.1%

Value ($000) $70,365 Shares 1,500,000 Est. Cost $29.10 Unrealized +39.8%

EQR Equity Residential 2.8%

Value ($000) $63,110 Shares 1,000,000 Est. Cost $52.84 Unrealized +6.4%

ACGL Arch Capital Group LTD 2.6%

Value ($000) $60,086 Shares 650,000 Est. Cost $71.30 Unrealized +12.8%

SFBS Servisfirst Bancshares Inc 2.4%

Value ($000) $54,652 Shares 823,562 Est. Cost $79.18 Unrealized -22.4%

MKL Markel 2.3%

Value ($000) $53,252 Shares 35,000 Est. Cost $1283.31 Unrealized +14.3%

MTB M&T Bank 2.2%

Value ($000) $50,177 Shares 345,000 Est. Cost $123.93 Unrealized +5.4%

GS Goldman Sachs Group Inc 2.2%

Value ($000) $50,123 Shares 120,000 Est. Cost $297.04 Unrealized +25.3%

USB US Bancorp Del Com New 2.0%

Value ($000) $44,700 Shares 1,000,000 Est. Cost $39.22 Unrealized -1.5%

MA Mastercard Inc 1.8%

Value ($000) $40,933 Shares 85,000 Est. Cost $325.17 Unrealized +39.2%

RJF Raymond James Financial Inc 1.7%

Value ($000) $38,526 Shares 300,000 Est. Cost $96.20 Unrealized +17.9%

TCBK TriCo Bancshares 1.6%

Value ($000) $37,545 Shares 1,020,800 Est. Cost $46.93 Unrealized -22.4%

BABA Alibaba 1.6%

Value ($000) $36,180 Shares 500,000 Est. Cost $113.68 Unrealized —

FSBC Five Star Bancorp 1.4%

Value ($000) $32,884 Shares 1,461,500 Est. Cost $23.35 Unrealized -3.2%

JLL Jones Lange Lasalle Inc. 1.3%

Value ($000) $29,264 Shares 150,000 Est. Cost $174.25 Unrealized +4.4%

FCNCA First Citizen Bancshares 1.0%

Value ($000) $23,217 Shares 14,200 Est. Cost $734.82 Unrealized +103.2%

— Southern States Bancshares 0.9%

Value ($000) $20,063 Shares 774,046 Est. Cost $27.25 Unrealized —

ABCB Ameris Bancorp 0.8%

Value ($000) $19,352 Shares 400,000 Est. Cost $47.99 Unrealized -1.4%

CCNE CNB Financial Corp PA 0.6%

Value ($000) $14,273 Shares 700,000 Est. Cost $20.44 Unrealized -4.2%

GBCI Glacier Bancorp 0.5%

Value ($000) $11,953 Shares 296,749 Est. Cost $45.13 Unrealized -19.3%

TSBK Timberland Bancorp Inc 0.2%

Value ($000) $4,697 Shares 174,476 Est. Cost $23.23 Unrealized +10.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	Meta Platforms	500,000	$242,790	10.6%	$160.96	+175.4%	Cl A	30303M102
WAL	Western Alliance Bancorp	2,500,000	$160,475	7.0%	$69.27	-15.0%	COM	957638109
GOOG	Alphabet Inc	1,000,000	$152,260	6.7%	$110.83	+29.3%	Class C	02079K107
GPN	Global Payments Inc.	1,100,000	$147,026	6.4%	$119.23	+8.6%	COM	37940X102
CB	Chubb Limited	450,000	$116,609	5.1%	$181.71	+32.7%	COM	H1467J104
WBS	Webster Financial Corp	2,000,000	$101,540	4.5%	$46.15	+6.0%	COM	947890109
—	KKR & Co.	1,000,000	$100,580	4.4%	$43.00	—	COM	48248M102
STT	State Street Corp	1,200,000	$92,784	4.1%	$60.70	+14.6%	COM	857477103
CRBG	Corebridge Financial	3,000,000	$86,190	3.8%	$20.20	+15.0%	COM	21871X109
BRK/B	Berkshire Hathaway Inc Del Cl B Frmly	200,000	$84,104	3.7%	$284.56	+38.2%	CL B	084670702
V	Visa Inc Com	300,000	$83,724	3.7%	$198.34	+37.3%	COM	92826C839
AX	AXOS Financial Inc	1,500,000	$81,060	3.6%	$40.41	+30.2%	COM	05465C100
BRK/A	Berkshire Hathaway Inc Del Cl A Frmly	120	$76,133	3.3%	$428128.38	+38.7%	CL A	084670108
CG	Carlyle Group	1,500,000	$70,365	3.1%	$29.10	+39.8%	COM	14316J108
EQR	Equity Residential	1,000,000	$63,110	2.8%	$52.84	+6.4%	SH BEN INT	29476L107
ACGL	Arch Capital Group LTD	650,000	$60,086	2.6%	$71.30	+12.8%	COM	G0450A105
SFBS	Servisfirst Bancshares Inc	823,562	$54,652	2.4%	$79.18	-22.4%	COM	81768T108
MKL	Markel	35,000	$53,252	2.3%	$1283.31	+14.3%	COM	570535104
MTB	M&T Bank	345,000	$50,177	2.2%	$123.93	+5.4%	COM	55261F104
GS	Goldman Sachs Group Inc	120,000	$50,123	2.2%	$297.04	+25.3%	COM	38141G104
USB	US Bancorp Del Com New	1,000,000	$44,700	2.0%	$39.22	-1.5%	COM	902973304
MA	Mastercard Inc	85,000	$40,933	1.8%	$325.17	+39.2%	COM	57636Q104
RJF	Raymond James Financial Inc	300,000	$38,526	1.7%	$96.20	+17.9%	COM	754730109
TCBK	TriCo Bancshares	1,020,800	$37,545	1.6%	$46.93	-22.4%	COM	896095106
BABA	Alibaba	500,000	$36,180	1.6%	$113.68	—	Sponsored ADS	01609W102
FSBC	Five Star Bancorp	1,461,500	$32,884	1.4%	$23.35	-3.2%	COM	33830T103
JLL	Jones Lange Lasalle Inc.	150,000	$29,264	1.3%	$174.25	+4.4%	COM	48020Q107
FCNCA	First Citizen Bancshares	14,200	$23,217	1.0%	$734.82	+103.2%	Cl A	31946M103
—	Southern States Bancshares	774,046	$20,063	0.9%	$27.25	—	COM	843878307
ABCB	Ameris Bancorp	400,000	$19,352	0.8%	$47.99	-1.4%	COM	03076K108
CCNE	CNB Financial Corp PA	700,000	$14,273	0.6%	$20.44	-4.2%	COM	126128107
GBCI	Glacier Bancorp	296,749	$11,953	0.5%	$45.13	-19.3%	COM	37637Q105
TSBK	Timberland Bancorp Inc	174,476	$4,697	0.2%	$23.23	+10.6%	COM	887098101