Chris Davis' Q1 2023 portfolio worth $15.1 Billion

A well-known investor in the finance industry, Chris Davis, recently revealed his portfolio for the first quarter of 2023. According to the 13F form, the portfolio has a reported value of $15.1 billion, which is distributed in 101 different stocks. T

Increase of $418 million in the current position value from the last quarter's report, where the portfolio was valued at $14.7 billion.

The Portfolio

The portfolio is a reflection of Davis' investment philosophy, which is centered around long-term value investing. His approach involves identifying companies with durable competitive advantages and buying them at a discount to their intrinsic value. This approach has allowed him to create wealth for his clients over the years.

Examining the portfolio, we can see that Davis has invested in a diverse range of companies across various sectors. The top holdings in his portfolio are in the technology, healthcare, and financial sectors. These holdings include well-known companies that have a strong track record of performance.

One interesting observation from the portfolio is that Davis seems to have a preference for large-cap companies. The majority of his investments are in companies with a market capitalization of over $10 billion. This indicates that he favors established companies with a strong market presence.

Another notable feature of the portfolio is that Davis has a long-term investment horizon. Many of the companies in his portfolio have been there for a long time, and he has continued to add to his positions in them. This suggests that he has a high degree of conviction in these companies and believes in their long-term growth prospects.

Top holding

• META - A social media company that operates multiple platforms such as Facebook, Instagram, and WhatsApp. It also focuses on building a metaverse that offers virtual reality experiences.
• WFC - A financial institution that offers a range of banking and financial services to customers including retail and commercial banking, investment and wealth management, and more.
• COF - A bank holding company that provides credit cards, auto loans, personal loans, commercial banking, and other financial services to consumers and businesses.
• BRK-A - The stock symbol for Berkshire Hathaway Inc., a multinational conglomerate holding company that owns and operates a wide range of businesses in various industries such as insurance, retail, energy, and more.
• AMAT - A company that specializes in manufacturing equipment for the semiconductor industry. It offers solutions for the fabrication of integrated circuits, flat panel displays, and solar photovoltaic products.

Top Buys

• FISV (New holding): A global provider of financial services technology solutions, including payment processing, digital banking, and risk management services.
• META (New holding): A digital banking platform that offers a range of financial services, including checking and savings accounts, loans, and credit cards.
• V (added by 10.61%): Visa is a global payment technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories.
• HDB (New holding): HDFC Bank is one of India's largest private sector banks, offering a range of banking and financial services to individual and corporate customers.
• RNR (New holding): RenaissanceRe Holdings is a global provider of reinsurance and insurance services, specializing in property catastrophe and specialty lines of business.