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

CIK: 0001945894 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 12, 2025

Total Value ($000): $2,403,358 (100.0% shares, 0.0% debt)

Holdings (31)

META Meta Platforms 12.0%

Value ($000) $288,180 Shares 500,000 Est. Cost $160.96 Unrealized +299.6%

WAL Western Alliance Bancorp 8.0%

Value ($000) $192,075 Shares 2,500,000 Est. Cost $69.27 Unrealized +18.7%

GOOG Alphabet Inc 6.5%

Value ($000) $156,230 Shares 1,000,000 Est. Cost $110.83 Unrealized +64.6%

GPN Global Payments Inc. 5.7%

Value ($000) $137,088 Shares 1,400,000 Est. Cost $116.43 Unrealized -11.1%

CB Chubb Limited 5.7%

Value ($000) $135,896 Shares 450,000 Est. Cost $181.71 Unrealized +52.0%

CRBG Corebridge Financial 4.6%

Value ($000) $110,495 Shares 3,500,000 Est. Cost $21.56 Unrealized +45.9%

STT State Street Corp 4.5%

Value ($000) $107,436 Shares 1,200,000 Est. Cost $60.70 Unrealized +52.8%

V Visa Inc Com 4.4%

Value ($000) $105,138 Shares 300,000 Est. Cost $198.34 Unrealized +69.6%

WBS Webster Financial Corp 4.3%

Value ($000) $103,100 Shares 2,000,000 Est. Cost $46.15 Unrealized +20.6%

BRK/B Berkshire Hathaway Inc Del Cl B Frmly 4.0%

Value ($000) $95,864 Shares 180,000 Est. Cost $284.56 Unrealized +70.8%

BRK/A Berkshire Hathaway Inc Del Cl A Frmly 4.0%

Value ($000) $95,813 Shares 120 Est. Cost $428128.38 Unrealized +70.4%

AX AXOS Financial Inc 3.9%

Value ($000) $94,020 Shares 1,457,219 Est. Cost $40.41 Unrealized +67.8%

MKL Markel 3.9%

Value ($000) $93,481 Shares 50,000 Est. Cost $1367.86 Unrealized +34.5%

BABA Alibaba 2.8%

Value ($000) $66,115 Shares 500,000 Est. Cost $113.68 Unrealized —

CG Carlyle Group 2.7%

Value ($000) $65,385 Shares 1,500,000 Est. Cost $29.10 Unrealized +65.4%

SFBS Servisfirst Bancshares Inc 2.6%

Value ($000) $63,070 Shares 763,562 Est. Cost $79.18 Unrealized +7.8%

MTB M&T Bank 2.4%

Value ($000) $58,094 Shares 325,000 Est. Cost $123.93 Unrealized +48.9%

EQR Equity Residential 2.4%

Value ($000) $57,264 Shares 800,000 Est. Cost $52.84 Unrealized +28.2%

ACGL Arch Capital Group LTD 2.2%

Value ($000) $52,899 Shares 550,000 Est. Cost $71.30 Unrealized +29.4%

MA Mastercard Inc 1.9%

Value ($000) $46,590 Shares 85,000 Est. Cost $325.17 Unrealized +66.7%

FSBC Five Star Bancorp 1.7%

Value ($000) $42,020 Shares 1,511,500 Est. Cost $23.28 Unrealized +24.4%

TCBK TriCo Bancshares 1.7%

Value ($000) $40,801 Shares 1,020,800 Est. Cost $46.93 Unrealized -8.9%

RJF Raymond James Financial Inc 1.6%

Value ($000) $37,506 Shares 270,000 Est. Cost $96.20 Unrealized +59.3%

JLL Jones Lange Lasalle Inc. 1.3%

Value ($000) $32,066 Shares 129,346 Est. Cost $174.25 Unrealized +51.0%

— Southern States Bancshares 1.2%

Value ($000) $27,672 Shares 774,046 Est. Cost $27.25 Unrealized —

USB US Bancorp Del Com New 1.1%

Value ($000) $25,332 Shares 600,000 Est. Cost $39.22 Unrealized +12.7%

ABCB Ameris Bancorp 1.0%

Value ($000) $23,028 Shares 400,000 Est. Cost $47.99 Unrealized +28.4%

OSBC Old Second Bancorp 0.8%

Value ($000) $18,304 Shares 1,100,000 Est. Cost $14.66 Unrealized +20.2%

CCNE CNB Financial Corp PA 0.6%

Value ($000) $15,575 Shares 700,000 Est. Cost $20.44 Unrealized +15.9%

— KKR & Co. 0.5%

Value ($000) $11,561 Shares 100,000 Est. Cost $43.00 Unrealized —

TSBK Timberland Bancorp Inc 0.2%

Value ($000) $5,260 Shares 174,476 Est. Cost $23.23 Unrealized +25.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	Meta Platforms	500,000	$288,180	12.0%	$160.96	+299.6%	Cl A	30303M102
WAL	Western Alliance Bancorp	2,500,000	$192,075	8.0%	$69.27	+18.7%	COM	957638109
GOOG	Alphabet Inc	1,000,000	$156,230	6.5%	$110.83	+64.6%	Class C	02079K107
GPN	Global Payments Inc.	1,400,000	$137,088	5.7%	$116.43	-11.1%	COM	37940X102
CB	Chubb Limited	450,000	$135,896	5.7%	$181.71	+52.0%	COM	H1467J104
CRBG	Corebridge Financial	3,500,000	$110,495	4.6%	$21.56	+45.9%	COM	21871X109
STT	State Street Corp	1,200,000	$107,436	4.5%	$60.70	+52.8%	COM	857477103
V	Visa Inc Com	300,000	$105,138	4.4%	$198.34	+69.6%	COM	92826C839
WBS	Webster Financial Corp	2,000,000	$103,100	4.3%	$46.15	+20.6%	COM	947890109
BRK/B	Berkshire Hathaway Inc Del Cl B Frmly	180,000	$95,864	4.0%	$284.56	+70.8%	CL B	084670702
BRK/A	Berkshire Hathaway Inc Del Cl A Frmly	120	$95,813	4.0%	$428128.38	+70.4%	CL A	084670108
AX	AXOS Financial Inc	1,457,219	$94,020	3.9%	$40.41	+67.8%	COM	05465C100
MKL	Markel	50,000	$93,481	3.9%	$1367.86	+34.5%	COM	570535104
BABA	Alibaba	500,000	$66,115	2.8%	$113.68	—	Sponsored ADS	01609W102
CG	Carlyle Group	1,500,000	$65,385	2.7%	$29.10	+65.4%	COM	14316J108
SFBS	Servisfirst Bancshares Inc	763,562	$63,070	2.6%	$79.18	+7.8%	COM	81768T108
MTB	M&T Bank	325,000	$58,094	2.4%	$123.93	+48.9%	COM	55261F104
EQR	Equity Residential	800,000	$57,264	2.4%	$52.84	+28.2%	SH BEN INT	29476L107
ACGL	Arch Capital Group LTD	550,000	$52,899	2.2%	$71.30	+29.4%	COM	G0450A105
MA	Mastercard Inc	85,000	$46,590	1.9%	$325.17	+66.7%	COM	57636Q104
FSBC	Five Star Bancorp	1,511,500	$42,020	1.7%	$23.28	+24.4%	COM	33830T103
TCBK	TriCo Bancshares	1,020,800	$40,801	1.7%	$46.93	-8.9%	COM	896095106
RJF	Raymond James Financial Inc	270,000	$37,506	1.6%	$96.20	+59.3%	COM	754730109
JLL	Jones Lange Lasalle Inc.	129,346	$32,066	1.3%	$174.25	+51.0%	COM	48020Q107
—	Southern States Bancshares	774,046	$27,672	1.2%	$27.25	—	COM	843878307
USB	US Bancorp Del Com New	600,000	$25,332	1.1%	$39.22	+12.7%	COM	902973304
ABCB	Ameris Bancorp	400,000	$23,028	1.0%	$47.99	+28.4%	COM	03076K108
OSBC	Old Second Bancorp	1,100,000	$18,304	0.8%	$14.66	+20.2%	COM	680277100
CCNE	CNB Financial Corp PA	700,000	$15,575	0.6%	$20.44	+15.9%	COM	126128107
—	KKR & Co.	100,000	$11,561	0.5%	$43.00	—	COM	48248M102
TSBK	Timberland Bancorp Inc	174,476	$5,260	0.2%	$23.23	+25.0%	COM	887098101