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

CIK: 0001945894 · Show all filings

Period: Q3 2024 (← Previous) (Next →)

Filing Date: Nov 12, 2024

Total Value ($000): $2,499,558 (100.0% shares, 0.0% debt)

Holdings (33)

META Meta Platforms 11.5%

Value ($000) $286,220 Shares 500,000 Est. Cost $160.96 Unrealized +218.2%

WAL Western Alliance Bancorp 8.7%

Value ($000) $216,225 Shares 2,500,000 Est. Cost $69.27 Unrealized +7.8%

GOOG Alphabet Inc 6.7%

Value ($000) $167,190 Shares 1,000,000 Est. Cost $110.83 Unrealized +51.8%

GPN Global Payments Inc. 5.7%

Value ($000) $143,388 Shares 1,400,000 Est. Cost $116.43 Unrealized -12.2%

CB Chubb Limited 5.2%

Value ($000) $129,776 Shares 450,000 Est. Cost $181.71 Unrealized +49.0%

STT State Street Corp 4.2%

Value ($000) $106,164 Shares 1,200,000 Est. Cost $60.70 Unrealized +29.7%

AX AXOS Financial Inc 3.8%

Value ($000) $94,320 Shares 1,500,000 Est. Cost $40.41 Unrealized +62.6%

WBS Webster Financial Corp 3.7%

Value ($000) $93,220 Shares 2,000,000 Est. Cost $46.15 Unrealized -0.5%

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

Value ($000) $92,052 Shares 200,000 Est. Cost $284.56 Unrealized +55.4%

CRBG Corebridge Financial 3.5%

Value ($000) $87,480 Shares 3,000,000 Est. Cost $20.20 Unrealized +33.9%

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

Value ($000) $82,942 Shares 120 Est. Cost $428128.38 Unrealized +55.1%

V Visa Inc Com 3.3%

Value ($000) $82,485 Shares 300,000 Est. Cost $198.34 Unrealized +35.0%

MKL Markel 3.1%

Value ($000) $78,429 Shares 50,000 Est. Cost $1367.86 Unrealized +14.4%

EQR Equity Residential 3.0%

Value ($000) $74,460 Shares 1,000,000 Est. Cost $52.84 Unrealized +28.8%

SFBS Servisfirst Bancshares Inc 2.7%

Value ($000) $66,256 Shares 823,562 Est. Cost $79.18 Unrealized -6.3%

— KKR & Co. 2.6%

Value ($000) $65,290 Shares 500,000 Est. Cost $43.00 Unrealized —

CG Carlyle Group 2.6%

Value ($000) $64,590 Shares 1,500,000 Est. Cost $29.10 Unrealized +37.9%

ACGL Arch Capital Group LTD 2.5%

Value ($000) $61,534 Shares 550,000 Est. Cost $71.30 Unrealized +38.7%

MTB M&T Bank 2.5%

Value ($000) $61,451 Shares 345,000 Est. Cost $123.93 Unrealized +28.4%

BABA Alibaba 2.1%

Value ($000) $53,060 Shares 500,000 Est. Cost $113.68 Unrealized —

FSBC Five Star Bancorp 1.8%

Value ($000) $44,937 Shares 1,511,500 Est. Cost $23.28 Unrealized +15.1%

TCBK TriCo Bancshares 1.7%

Value ($000) $43,537 Shares 1,020,800 Est. Cost $46.93 Unrealized -8.1%

MA Mastercard Inc 1.7%

Value ($000) $41,973 Shares 85,000 Est. Cost $325.17 Unrealized +42.0%

JLL Jones Lange Lasalle Inc. 1.6%

Value ($000) $40,472 Shares 150,000 Est. Cost $174.25 Unrealized +39.2%

RJF Raymond James Financial Inc 1.5%

Value ($000) $36,738 Shares 300,000 Est. Cost $96.20 Unrealized +19.0%

USB US Bancorp Del Com New 1.5%

Value ($000) $36,584 Shares 800,000 Est. Cost $39.22 Unrealized +4.8%

GS Goldman Sachs Group Inc 1.4%

Value ($000) $34,658 Shares 70,000 Est. Cost $297.04 Unrealized +59.9%

FCNCA First Citizen Bancshares 1.0%

Value ($000) $26,141 Shares 14,200 Est. Cost $734.82 Unrealized +158.3%

ABCB Ameris Bancorp 1.0%

Value ($000) $24,956 Shares 400,000 Est. Cost $47.99 Unrealized +19.8%

— Southern States Bancshares 1.0%

Value ($000) $23,786 Shares 774,046 Est. Cost $27.25 Unrealized —

OSBC Old Second Bancorp 0.7%

Value ($000) $17,124 Shares 1,098,369 Est. Cost $14.66 Unrealized +7.3%

CCNE CNB Financial Corp PA 0.7%

Value ($000) $16,842 Shares 700,000 Est. Cost $20.44 Unrealized +9.5%

TSBK Timberland Bancorp Inc 0.2%

Value ($000) $5,280 Shares 174,476 Est. Cost $23.23 Unrealized +19.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	Meta Platforms	500,000	$286,220	11.5%	$160.96	+218.2%	Cl A	30303M102
WAL	Western Alliance Bancorp	2,500,000	$216,225	8.7%	$69.27	+7.8%	COM	957638109
GOOG	Alphabet Inc	1,000,000	$167,190	6.7%	$110.83	+51.8%	Class C	02079K107
GPN	Global Payments Inc.	1,400,000	$143,388	5.7%	$116.43	-12.2%	COM	37940X102
CB	Chubb Limited	450,000	$129,776	5.2%	$181.71	+49.0%	COM	H1467J104
STT	State Street Corp	1,200,000	$106,164	4.2%	$60.70	+29.7%	COM	857477103
AX	AXOS Financial Inc	1,500,000	$94,320	3.8%	$40.41	+62.6%	COM	05465C100
WBS	Webster Financial Corp	2,000,000	$93,220	3.7%	$46.15	-0.5%	COM	947890109
BRK/B	Berkshire Hathaway Inc Del Cl B Frmly	200,000	$92,052	3.7%	$284.56	+55.4%	CL B	084670702
CRBG	Corebridge Financial	3,000,000	$87,480	3.5%	$20.20	+33.9%	COM	21871X109
BRK/A	Berkshire Hathaway Inc Del Cl A Frmly	120	$82,942	3.3%	$428128.38	+55.1%	CL A	084670108
V	Visa Inc Com	300,000	$82,485	3.3%	$198.34	+35.0%	COM	92826C839
MKL	Markel	50,000	$78,429	3.1%	$1367.86	+14.4%	COM	570535104
EQR	Equity Residential	1,000,000	$74,460	3.0%	$52.84	+28.8%	SH BEN INT	29476L107
SFBS	Servisfirst Bancshares Inc	823,562	$66,256	2.7%	$79.18	-6.3%	COM	81768T108
—	KKR & Co.	500,000	$65,290	2.6%	$43.00	—	COM	48248M102
CG	Carlyle Group	1,500,000	$64,590	2.6%	$29.10	+37.9%	COM	14316J108
ACGL	Arch Capital Group LTD	550,000	$61,534	2.5%	$71.30	+38.7%	COM	G0450A105
MTB	M&T Bank	345,000	$61,451	2.5%	$123.93	+28.4%	COM	55261F104
BABA	Alibaba	500,000	$53,060	2.1%	$113.68	—	Sponsored ADS	01609W102
FSBC	Five Star Bancorp	1,511,500	$44,937	1.8%	$23.28	+15.1%	COM	33830T103
TCBK	TriCo Bancshares	1,020,800	$43,537	1.7%	$46.93	-8.1%	COM	896095106
MA	Mastercard Inc	85,000	$41,973	1.7%	$325.17	+42.0%	COM	57636Q104
JLL	Jones Lange Lasalle Inc.	150,000	$40,472	1.6%	$174.25	+39.2%	COM	48020Q107
RJF	Raymond James Financial Inc	300,000	$36,738	1.5%	$96.20	+19.0%	COM	754730109
USB	US Bancorp Del Com New	800,000	$36,584	1.5%	$39.22	+4.8%	COM	902973304
GS	Goldman Sachs Group Inc	70,000	$34,658	1.4%	$297.04	+59.9%	COM	38141G104
FCNCA	First Citizen Bancshares	14,200	$26,141	1.0%	$734.82	+158.3%	Cl A	31946M103
ABCB	Ameris Bancorp	400,000	$24,956	1.0%	$47.99	+19.8%	COM	03076K108
—	Southern States Bancshares	774,046	$23,786	1.0%	$27.25	—	COM	843878307
OSBC	Old Second Bancorp	1,098,369	$17,124	0.7%	$14.66	+7.3%	COM	680277100
CCNE	CNB Financial Corp PA	700,000	$16,842	0.7%	$20.44	+9.5%	COM	126128107
TSBK	Timberland Bancorp Inc	174,476	$5,280	0.2%	$23.23	+19.5%	COM	887098101