Davis Capital Management's Q2 2024 13F: 31 new positions, 10 exits

Form 13F-HR for the quarter ended Jun 30, 2024 · filed Jul 2, 2024 · 318 reported positions · accession 0001811806-24-000003

View the filing on SEC.gov

What changed this quarter

Activity Security Weight before Weight now Change Shares Shares %
Reduced CVS HEALTH CORP COM (CVS) 1.4% 0.0% −1.3 pts −18,347 sh −96%
New AKAMAI TECHNOLOGIES INC COM (AKAM) — 0.5% +0.5 pts +6,587 sh new
Reduced CONAGRA BRANDS INC COM (CAG) 0.5% 0.1% −0.5 pts −18,578 sh −90%
Increased MICROSOFT CORP COM (MSFT) 1.5% 1.9% +0.4 pts +907 sh +24%
Increased SCHWAB U.S. BROAD MARKET ETF (SCHB) 11.3% 11.7% +0.4 pts +6,438 sh +3%
New CLOUDFLARE INC CL A COM (NET) — 0.3% +0.3 pts +4,700 sh new
New SS&C TECHNOLOGIES HLDGS INC COM (SSNC) — 0.3% +0.3 pts +5,093 sh new
Reduced INTEL CORP COM (INTC) 0.4% 0.0% −0.4 pts −8,859 sh −96%
Increased VANGUARD INFORMATION TECHNOLOGY ETF (VGT) 0.2% 0.4% +0.2 pts +439 sh +117%
Increased VANGUARD TOTAL STOCK MARKET ETF (VTI) 2.4% 2.7% +0.2 pts +951 sh +9%
Increased VANGUARD GROWTH ETF (VUG) 0.0% 0.2% +0.2 pts +538 sh +648%
Reduced SCHWAB US DIVIDEND EQUITY ETF (SCHD) 7.9% 7.3% −0.6 pts −2,216 sh −2%
Increased KENVUE INC COM (KVUE) 0.4% 0.5% +0.1 pts +9,216 sh +39%
Increased SCHWAB INTERNATIONAL EQUITY ETF (SCHF) 4.2% 4.2% 0.0 pts +4,233 sh +3%
Increased CARNIVAL CORP PAIRED CTF (CCL) 0.0% 0.1% +0.1 pts +9,000 sh +1333%
Increased INVESCO QQQ TRUST SERIES I (QQQ) 0.3% 0.4% +0.1 pts +316 sh +44%
Increased ISHARES RUSSELL 1000 GROWTH ETF (IWF) 0.0% 0.2% +0.1 pts +408 sh +530%
New CROWDSTRIKE HLDGS INC CL A (CRWD) — 0.1% +0.1 pts +330 sh new
Increased FIDELITY NATIONAL FINANCIAL IN FNF GROUP COM (FNT) 0.3% 0.4% +0.1 pts +2,577 sh +44%
Increased CENTENE CORP DEL COM (CNC) 1.0% 0.9% −0.1 pts +1,903 sh +13%
Increased JOHNSON & JOHNSON (JNJ) 1.3% 1.3% 0.0 pts +847 sh +9%
Reduced VANGUARD REAL ESTATE ETF (VNQ) 0.3% 0.2% −0.1 pts −1,432 sh −33%
Increased VANGUARD DIVIDEND APPRECIATION ETF (VIG) 0.1% 0.2% +0.1 pts +619 sh +125%
Increased ISHARES U.S. INDUSTRIALS ETF (IYJ) 0.0% 0.1% +0.1 pts +946 sh +426%
Increased UNITEDHEALTH GROUP INC COM (UNH) 0.3% 0.4% +0.1 pts +223 sh +29%
Increased CONSUMER DISCRETIONARY SELECT SECTOR SPDR FUND (XLY) 0.0% 0.1% +0.1 pts +592 sh +214%
Increased VANECK SEMICONDUCTOR ETF (SMH) 0.0% 0.1% +0.1 pts +410 sh +3417%
Exited INTERNATIONAL PAPER CO COM (IP) 0.1% — −0.1 pts −2,575 sh −100%
Increased KINDER MORGAN INC DEL COM (KMI) 0.9% 1.0% +0.1 pts +5,136 sh +10%
Reduced REPUBLIC SVCS INC COM (RSG) 1.9% 1.8% −0.1 pts −498 sh −4%
Increased ADOBE INC COM (ADBE) 1.1% 1.3% +0.2 pts +167 sh +7%
Reduced WALT DISNEY COMPANY (DIS) 1.1% 0.8% −0.3 pts −831 sh −8%
Increased RIO TINTO PLC SPONSORED ADR (RIO) 0.6% 0.7% +0.1 pts +1,099 sh +10%
Increased VANGUARD S&P 500 ETF (VOO) 0.1% 0.1% +0.1 pts +144 sh +117%
Increased VOYA FINANCIAL INC COM (VOYA) 1.2% 1.2% 0.0 pts +960 sh +5%
Increased NICE LTD SPONSORED ADR (NICE) 0.9% 0.7% −0.3 pts +399 sh +10%
Reduced INVESCO BULLETSHARES 2025 MUNICIPAL BOND ETF (BSMP) 0.6% 0.5% −0.1 pts −2,525 sh −10%
Increased GENERAL DYNAMICS CORP COM (GD) 0.4% 0.4% 0.0 pts +213 sh +15%
Increased NVIDIA CORPORATION COM (NVDA) 0.4% 0.6% +0.2 pts +489 sh +10%
New SERVICENOW INC COM (NOW) — 0.0% 0.0 pts +70 sh new
New PALO ALTO NETWORKS INC COM (PANW) — 0.0% 0.0 pts +150 sh new
New GOLDMAN SACHS GROUP INC COM (GS) — 0.0% 0.0 pts +102 sh new
Increased LOWES COS INC COM (LOW) 0.5% 0.5% 0.0 pts +207 sh +9%
Reduced STARBUCKS CORPORATION (SBUX) 1.0% 0.8% −0.2 pts −556 sh −5%
Increased FEDEX CORP COM (FDX) 0.8% 0.9% +0.1 pts +142 sh +4%
Increased COSTAR GROUP INC COM (CSGP) 0.9% 0.7% −0.2 pts +574 sh +5%
Increased VANGUARD TOTAL INTERNATIONAL STOCK ETF (VXUS) 0.0% 0.0% 0.0 pts +690 sh +437%
Increased HORMEL FOODS CORP COM (HRL) 0.5% 0.5% −0.1 pts +1,238 sh +7%
Reduced NEXTERA ENERGY INC COM (NEE) 0.1% 0.1% 0.0 pts −528 sh −25%
Increased CISCO SYS INC COM (CSCO) 1.4% 1.4% −0.1 pts +738 sh +2%

The 50 largest of 168 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

† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:

  • VIRGIN GALACTIC HOLDINGS INC COM NEW (SPCE): 92766K106 → 92766K403, 100 → 5 shares (share count change consistent with a stock split)

Top 10 positions — 40.4% of the equity book

Changes in the top 10 this quarter: MSFT entered · ALL left

# Security Weight before Weight now
1 SCHWAB U.S. BROAD MARKET ETF (SCHB) 11.3% 11.7%
2 SCHWAB US DIVIDEND EQUITY ETF (SCHD) 7.9% 7.3%
3 SCHWAB INTERNATIONAL EQUITY ETF (SCHF) 4.2% 4.2%
4 SCHWAB U.S. SMALL-CAP ETF (SCHA) 3.6% 3.4%
5 APPLE INC. (AAPL) 2.2% 2.8%
6 ALPHABET INC CAP STK CL C (GOOG) 2.3% 2.7%
7 VANGUARD TOTAL STOCK MARKET ETF (VTI) 2.4% 2.7%
8 AMAZON COM INC COM (AMZN) 1.8% 1.9%
9 MICROSOFT CORP COM (MSFT) 1.5% 1.9% Entered the top 10
10 REPUBLIC SVCS INC COM (RSG) 1.9% 1.8%
— ALLSTATE CORP COM (ALL) 2.0% 1.8% 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).