Davis Capital Management's Q4 2023 13F: 107 new positions, 71 exits
Form 13F-HR for the quarter ended Dec 31, 2023 · filed Feb 14, 2024 · 297 reported positions · accession 0001811806-24-000001
Compared with the fund's previous filing on record, for the quarter ended Jun 30, 2020.
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | SCHWAB US DIVIDEND EQUITY ETF (SCHD) | 3.1% | 7.9% | +4.8 pts | +75,438 sh | +229% |
| Increased | SCHWAB U.S. BROAD MARKET ETF (SCHB) | 7.4% | 10.9% | +3.6 pts | +95,965 sh | +88% |
| Increased | SCHWAB INTERNATIONAL EQUITY ETF (SCHF) | 2.6% | 4.1% | +1.5 pts | +68,962 sh | +146% |
| Exited | ISHARES LIQUIDITY INCOME ETF (ICSH) | 2.2% | — | −2.2 pts | −23,907 sh | −100% |
| Increased | SCHWAB U.S. SMALL-CAP ETF (SCHA) | 2.6% | 3.7% | +1.1 pts | +38,577 sh | +88% |
| Increased | AMAZON COM INC COM (AMZN) | 0.2% | 1.7% | +1.5 pts | +10,817 sh | +1387% |
| Increased | DOW INC COM (DOW) | 0.2% | 1.7% | +1.5 pts | +29,816 sh | +1158% |
| Increased | AMGEN INC COM (AMGN) | 0.0% | 1.6% | +1.6 pts | +5,628 sh | +26800% |
| Exited | FACEBOOK, INC (META) | 1.5% | — | −1.5 pts | −3,558 sh | −100% |
| Increased | CISCO SYS INC COM (CSCO) | 0.2% | 1.5% | +1.4 pts | +29,633 sh | +1594% |
| Exited | NORFOLK SOUTHERN CORP COM (NSC) | 1.4% | — | −1.4 pts | −4,351 sh | −100% |
| Increased | CVS HEALTH CORP COM (CVS) | 0.1% | 1.4% | +1.3 pts | +17,497 sh | +3472% |
| Exited | DOMINION ENERGY INC COM (D) | 1.3% | — | −1.3 pts | −8,837 sh | −100% |
| Increased | ADOBE INC COM (ADBE) | 0.2% | 1.4% | +1.2 pts | +2,162 sh | +772% |
| Exited | DUNKIN BRANDS GROUP INC COM (DNKN) | 1.2% | — | −1.2 pts | −10,156 sh | −100% |
| New | VOYA FINANCIAL INC COM (VOYA) | — | 1.2% | +1.2 pts | +17,203 sh | new |
| New | GENPACT LIMITED SHS (G) | — | 1.2% | +1.2 pts | +35,718 sh | new |
| New | CENTENE CORP DEL COM (CNC) | — | 1.0% | +1.0 pts | +13,674 sh | new |
| Exited | INVESCO BULLETSHARES 2020 CORPORATE BOND ETF (BSCK) | 0.8% | — | −0.8 pts | −21,570 sh | −100% |
| New | NEXSTAR MEDIA GROUP INC COMMON STOCK (NXST) | — | 0.8% | +0.8 pts | +5,556 sh | new |
| Reduced | PVH CORPORATION COM (PVH) | 0.6% | 0.0% | −0.6 pts | −6,701 sh | −99% |
| New | NICE LTD SPONSORED ADR (NICE) | — | 0.7% | +0.7 pts | +3,905 sh | new |
| Increased | VISA INC COM CL A (V) | 1.2% | 1.6% | +0.4 pts | +2,908 sh | +88% |
| Increased | COMCAST CORP NEW CL A (CMCSA) | 1.4% | 1.5% | +0.1 pts | +16,625 sh | +86% |
| Increased | BANK NEW YORK MELLON CORP COM (BK) | 1.3% | 1.6% | +0.3 pts | +13,419 sh | +71% |
| Increased | SCHWAB U.S. REIT ETF (SCHH) | 2.0% | 1.9% | −0.1 pts | +33,136 sh | +54% |
| Increased | ALLSTATE CORP COM (ALL) | 1.5% | 1.7% | +0.3 pts | +4,877 sh | +60% |
| New | RIO TINTO PLC SPONSORED ADR (RIO) | — | 0.6% | +0.6 pts | +8,883 sh | new |
| New | INVESCO BULLETSHARES 2025 MUNICIPAL BOND ETF (BSMP) | — | 0.6% | +0.6 pts | +26,135 sh | new |
| New | CONAGRA BRANDS INC COM (CAG) | — | 0.6% | +0.6 pts | +21,336 sh | new |
| Reduced | PFIZER INC COM (PFE) | 1.2% | 0.0% | −1.2 pts | −20,284 sh | −99% |
| Increased | ALTRIA GROUP INC COM (MO) | 0.0% | 0.6% | +0.5 pts | +14,321 sh | +7055% |
| Reduced | MICROSOFT CORP COM (MSFT) | 2.0% | 1.4% | −0.6 pts | −1,482 sh | −28% |
| Exited | WELLS FARGO & COMPANY (WFC) | 0.5% | — | −0.5 pts | −11,194 sh | −100% |
| Reduced | WP CAREY INC COM (WPC) | 1.1% | 0.0% | −1.0 pts | −8,141 sh | −96% |
| Increased | INTEL CORP COM (INTC) | 2.1% | 1.4% | −0.7 pts | +10,028 sh | +54% |
| Reduced | EATON CORP PLC SHS (ETN) | 1.1% | 1.1% | 0.0 pts | −2,027 sh | −29% |
| Reduced | AT&T INC COM (T) | 1.6% | 0.0% | −1.6 pts | −28,863 sh | −99% |
| Increased | STARBUCKS CORPORATION (SBUX) | 0.9% | 1.0% | +0.2 pts | +4,995 sh | +78% |
| Increased | UNION PAC CORP COM (UNP) | 1.8% | 1.8% | 0.0 pts | +1,925 sh | +34% |
| Reduced | EXXON MOBIL CORPORATION (XOM) | 0.4% | 0.0% | −0.4 pts | −4,728 sh | −96% |
| Reduced | INFOSYS LTD SPONSORED ADR (INFY) | 1.2% | 0.7% | −0.4 pts | −23,485 sh | −36% |
| Increased | LOCKHEED MARTIN CORP COM (LMT) | 0.5% | 0.7% | +0.2 pts | +928 sh | +137% |
| Increased | COCA COLA CO COM (KO) | 1.7% | 1.5% | −0.1 pts | +6,695 sh | +33% |
| Increased | SOUTHERN CO COM (SO) | 1.5% | 1.4% | −0.1 pts | +5,575 sh | +35% |
| Reduced | INTERNATIONAL PAPER CO COM (IP) | 1.0% | 0.2% | −0.9 pts | −10,764 sh | −68% |
| New | INVESCO BULLETSHARES 2026 MUNICIPAL BOND ETF (BSMQ) | — | 0.4% | +0.4 pts | +16,297 sh | new |
| Reduced | DANAHER CORPORATION COM (DHR) | 1.3% | 0.6% | −0.8 pts | −1,632 sh | −40% |
| Exited | ABB LTD SPONSORED ADR (ABBNY) | 0.4% | — | −0.4 pts | −8,635 sh | −100% |
| Reduced | SCHWAB US AGGREGATE BOND ETF (SCHZ) | 1.2% | 0.1% | −1.0 pts | −8,055 sh | −72% |
The 50 largest of 350 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 39.6% of the equity book
Changes in the top 10 this quarter: GOOG entered · SCHH entered · RSG entered · UNP entered · WMT left · ICSH left · INTC left · MSFT left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | SCHWAB U.S. BROAD MARKET ETF (SCHB) | 7.4% | 10.9% | |
| 2 | SCHWAB US DIVIDEND EQUITY ETF (SCHD) | 3.1% | 7.9% | |
| 3 | SCHWAB INTERNATIONAL EQUITY ETF (SCHF) | 2.6% | 4.1% | |
| 4 | SCHWAB U.S. SMALL-CAP ETF (SCHA) | 2.6% | 3.7% | |
| 5 | APPLE INC. (AAPL) | 2.7% | 2.7% | |
| 6 | VANGUARD TOTAL STOCK MARKET ETF (VTI) | 3.2% | 2.4% | |
| 7 | ALPHABET INC CAP STK CL C (GOOG) | 1.9% | 2.3% | Entered the top 10 |
| 8 | SCHWAB U.S. REIT ETF (SCHH) | 2.0% | 1.9% | Entered the top 10 |
| 9 | REPUBLIC SVCS INC COM (RSG) | 1.5% | 1.9% | Entered the top 10 |
| 10 | UNION PAC CORP COM (UNP) | 1.8% | 1.8% | Entered the top 10 |
| — | WALMART INC COM (WMT) | 2.2% | 1.3% | Left the top 10 |
| — | ISHARES LIQUIDITY INCOME ETF (ICSH) | 2.2% | 0.0% | Left the top 10 |
| — | INTEL CORP COM (INTC) | 2.1% | 1.4% | Left the top 10 |
| — | MICROSOFT CORP COM (MSFT) | 2.0% | 1.4% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).