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

CIK: 0001945894 · Show all filings

Period: Q4 2024 (← Previous) (Next →)

Filing Date: Feb 14, 2025

Total Value ($000): $2,450,702 (100.0% shares, 0.0% debt)

Holdings (31)

META Meta Platforms 11.9%

Value ($000) $292,755 Shares 500,000 Est. Cost $160.96 Unrealized +263.3%

WAL Western Alliance Bancorp 8.5%

Value ($000) $208,850 Shares 2,500,000 Est. Cost $69.27 Unrealized +23.8%

GOOG Alphabet Inc 7.8%

Value ($000) $190,440 Shares 1,000,000 Est. Cost $110.83 Unrealized +58.5%

GPN Global Payments Inc. 6.4%

Value ($000) $156,884 Shares 1,400,000 Est. Cost $116.43 Unrealized -7.3%

CB Chubb Limited 5.1%

Value ($000) $124,335 Shares 450,000 Est. Cost $181.71 Unrealized +54.8%

STT State Street Corp 4.8%

Value ($000) $117,780 Shares 1,200,000 Est. Cost $60.70 Unrealized +50.3%

WBS Webster Financial Corp 4.5%

Value ($000) $110,440 Shares 2,000,000 Est. Cost $46.15 Unrealized +19.0%

CRBG Corebridge Financial 4.3%

Value ($000) $104,755 Shares 3,500,000 Est. Cost $21.56 Unrealized +38.0%

AX AXOS Financial Inc 4.2%

Value ($000) $101,787 Shares 1,457,219 Est. Cost $40.41 Unrealized +80.7%

V Visa Inc Com 3.9%

Value ($000) $94,812 Shares 300,000 Est. Cost $198.34 Unrealized +50.4%

MKL Markel 3.5%

Value ($000) $86,312 Shares 50,000 Est. Cost $1367.86 Unrealized +21.3%

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

Value ($000) $81,710 Shares 120 Est. Cost $428128.38 Unrealized +61.8%

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

Value ($000) $81,590 Shares 180,000 Est. Cost $284.56 Unrealized +62.3%

CG Carlyle Group 3.1%

Value ($000) $75,735 Shares 1,500,000 Est. Cost $29.10 Unrealized +67.9%

SFBS Servisfirst Bancshares Inc 2.6%

Value ($000) $64,704 Shares 763,562 Est. Cost $79.18 Unrealized +9.7%

MTB M&T Bank 2.5%

Value ($000) $61,103 Shares 325,000 Est. Cost $123.93 Unrealized +55.0%

EQR Equity Residential 2.3%

Value ($000) $57,408 Shares 800,000 Est. Cost $52.84 Unrealized +32.1%

ACGL Arch Capital Group LTD 2.1%

Value ($000) $50,793 Shares 550,000 Est. Cost $71.30 Unrealized +37.7%

FSBC Five Star Bancorp 1.9%

Value ($000) $45,481 Shares 1,511,500 Est. Cost $23.28 Unrealized +30.0%

MA Mastercard Inc 1.8%

Value ($000) $44,758 Shares 85,000 Est. Cost $325.17 Unrealized +58.3%

TCBK TriCo Bancshares 1.8%

Value ($000) $44,609 Shares 1,020,800 Est. Cost $46.93 Unrealized -3.0%

BABA Alibaba 1.7%

Value ($000) $42,395 Shares 500,000 Est. Cost $113.68 Unrealized —

RJF Raymond James Financial Inc 1.7%

Value ($000) $41,939 Shares 270,000 Est. Cost $96.20 Unrealized +54.5%

JLL Jones Lange Lasalle Inc. 1.3%

Value ($000) $32,743 Shares 129,346 Est. Cost $174.25 Unrealized +52.9%

USB US Bancorp Del Com New 1.2%

Value ($000) $28,698 Shares 600,000 Est. Cost $39.22 Unrealized +18.9%

— Southern States Bancshares 1.1%

Value ($000) $25,783 Shares 774,046 Est. Cost $27.25 Unrealized —

ABCB Ameris Bancorp 1.0%

Value ($000) $25,028 Shares 400,000 Est. Cost $47.99 Unrealized +34.6%

OSBC Old Second Bancorp 0.8%

Value ($000) $19,558 Shares 1,100,000 Est. Cost $14.66 Unrealized +16.3%

CCNE CNB Financial Corp PA 0.7%

Value ($000) $17,402 Shares 700,000 Est. Cost $20.44 Unrealized +23.3%

— KKR & Co. 0.6%

Value ($000) $14,791 Shares 100,000 Est. Cost $43.00 Unrealized —

TSBK Timberland Bancorp Inc 0.2%

Value ($000) $5,323 Shares 174,476 Est. Cost $23.23 Unrealized +28.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	Meta Platforms	500,000	$292,755	11.9%	$160.96	+263.3%	Cl A	30303M102
WAL	Western Alliance Bancorp	2,500,000	$208,850	8.5%	$69.27	+23.8%	COM	957638109
GOOG	Alphabet Inc	1,000,000	$190,440	7.8%	$110.83	+58.5%	Class C	02079K107
GPN	Global Payments Inc.	1,400,000	$156,884	6.4%	$116.43	-7.3%	COM	37940X102
CB	Chubb Limited	450,000	$124,335	5.1%	$181.71	+54.8%	COM	H1467J104
STT	State Street Corp	1,200,000	$117,780	4.8%	$60.70	+50.3%	COM	857477103
WBS	Webster Financial Corp	2,000,000	$110,440	4.5%	$46.15	+19.0%	COM	947890109
CRBG	Corebridge Financial	3,500,000	$104,755	4.3%	$21.56	+38.0%	COM	21871X109
AX	AXOS Financial Inc	1,457,219	$101,787	4.2%	$40.41	+80.7%	COM	05465C100
V	Visa Inc Com	300,000	$94,812	3.9%	$198.34	+50.4%	COM	92826C839
MKL	Markel	50,000	$86,312	3.5%	$1367.86	+21.3%	COM	570535104
BRK/A	Berkshire Hathaway Inc Del Cl A Frmly	120	$81,710	3.3%	$428128.38	+61.8%	CL A	084670108
BRK/B	Berkshire Hathaway Inc Del Cl B Frmly	180,000	$81,590	3.3%	$284.56	+62.3%	CL B	084670702
CG	Carlyle Group	1,500,000	$75,735	3.1%	$29.10	+67.9%	COM	14316J108
SFBS	Servisfirst Bancshares Inc	763,562	$64,704	2.6%	$79.18	+9.7%	COM	81768T108
MTB	M&T Bank	325,000	$61,103	2.5%	$123.93	+55.0%	COM	55261F104
EQR	Equity Residential	800,000	$57,408	2.3%	$52.84	+32.1%	SH BEN INT	29476L107
ACGL	Arch Capital Group LTD	550,000	$50,793	2.1%	$71.30	+37.7%	COM	G0450A105
FSBC	Five Star Bancorp	1,511,500	$45,481	1.9%	$23.28	+30.0%	COM	33830T103
MA	Mastercard Inc	85,000	$44,758	1.8%	$325.17	+58.3%	COM	57636Q104
TCBK	TriCo Bancshares	1,020,800	$44,609	1.8%	$46.93	-3.0%	COM	896095106
BABA	Alibaba	500,000	$42,395	1.7%	$113.68	—	Sponsored ADS	01609W102
RJF	Raymond James Financial Inc	270,000	$41,939	1.7%	$96.20	+54.5%	COM	754730109
JLL	Jones Lange Lasalle Inc.	129,346	$32,743	1.3%	$174.25	+52.9%	COM	48020Q107
USB	US Bancorp Del Com New	600,000	$28,698	1.2%	$39.22	+18.9%	COM	902973304
—	Southern States Bancshares	774,046	$25,783	1.1%	$27.25	—	COM	843878307
ABCB	Ameris Bancorp	400,000	$25,028	1.0%	$47.99	+34.6%	COM	03076K108
OSBC	Old Second Bancorp	1,100,000	$19,558	0.8%	$14.66	+16.3%	COM	680277100
CCNE	CNB Financial Corp PA	700,000	$17,402	0.7%	$20.44	+23.3%	COM	126128107
—	KKR & Co.	100,000	$14,791	0.6%	$43.00	—	COM	48248M102
TSBK	Timberland Bancorp Inc	174,476	$5,323	0.2%	$23.23	+28.8%	COM	887098101