Christopher Davis - Davis Advisors
As of Q2 2026, Christopher Davis reported 112 long-equity positions worth $23.29B in aggregate.
Copy-investor backtest
- Latest quarter
- +3.56%
- 1-year
- +25.55%
- 3-year
- +75.84%
- 5-year
- +62.72%
- 3-year vs S&P 500
- +2.97%
- 5-year vs S&P 500
- -10.09%
- 5-year top 5
- +127.13%
Return from mechanically copying the disclosed 13F equity portfolio after each filing and rebalancing at the next. The vs S&P 500 figures subtract SPY over that manager's own rebalance dates, so both sides cover the same days; both are price return, excluding dividends. Method & limitations.
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All activity
This tab shows every position the manager opened, added to, reduced, or exited compared with the prior quarter, so you can see exactly what changed. The quarter shown is Q2 2026.
| Ticker | Security | Activity | % portfolio | Shares | Value | Reported price | Q range |
|---|---|---|---|---|---|---|---|
| DVN | Devon Energy Corp. | New | 4.49% | 25,297,991 | $1.05B | $41.32 | $41.27 - $51.95(0%)$48.59 -> $41.31 |
| AMAT | Applied Materials, Inc. | Reduce -91.4% | 0.32% | 102,521 | $74.07M | $722.52 | $337.25 - $739.67(96%)$353.80 -> $726.85 |
| JBS | JBS N.V., Class A | Add +90.6% | 2.54% | 50,016,236 | $592.69M | $11.85 | $11.59 - $18.65(4%)$18.12 -> $11.85 |
| SBAC | SBA Communications Corp-CL A | New | 0.03% | 40,700 | $7.18M | $176.46 | $170.34 - $224.46(11%)$171.56 -> $176.46 |
| CTRA | Coterra Energy, Inc. | Sold | — | 0 | $0 | — | - |
| CCI | Crown Castle, Inc. | Sold | — | 0 | $0 | — | - |
| AMZN | Amazon.com, Inc. | Add +24.8% | 4.38% | 4,276,176 | $1.02B | $238.35 | $204.90 - $278.56(45%)$210.57 -> $238.72 |
| LYB | LyondellBasell Industries N.V. | Add +55.4% | 1.97% | 8,698,852 | $457.99M | $52.65 | $52.34 - $81.96(1%)$76.71 -> $52.65 |
| TECK | Teck Resources Ltd., Class B | Reduce -21.0% | 2.14% | 8,363,497 | $497.29M | $59.46 | $50.45 - $71.25(43%)$53.18 -> $59.46 |
| TXN | Texas Instruments, Inc. | Reduce -14.5% | 3.12% | 2,437,486 | $726.55M | $298.07 | $191.00 - $334.03(75%)$196.30 -> $298.07 |
| TCOM | Trip.com Group Ltd., ADR | Add +33.7% | 1.50% | 8,761,371 | $349.05M | $39.84 | $38.04 - $55.70(10%)$49.79 -> $39.84 |
| QSR | Restaurant Brands International, Inc. | Reduce -22.2% | 0.87% | 2,800,345 | $203.05M | $72.51 | $70.95 - $81.96(14%)$75.10 -> $72.51 |
| GOOGL | Alphabet Inc., Class A | Reduce -5.1% | 4.51% | 2,937,160 | $1.05B | $357.38 | $289.45 - $408.61(57%)$297.39 -> $357.37 |
| COF | Capital One Financial Corp. | Reduce -3.1% | 7.13% | 8,270,946 | $1.66B | $200.63 | $174.24 - $210.84(72%)$184.50 -> $200.60 |
| USB | U.S. Bancorp | Reduce -3.5% | 5.56% | 21,453,510 | $1.3B | $60.41 | $51.60 - $61.88(86%)$52.75 -> $60.40 |
| VTRS | Viatris Inc. | Reduce -3.8% | 5.13% | 75,232,254 | $1.19B | $15.88 | $13.12 - $17.53(63%)$13.63 -> $15.88 |
| MKL | Markel Group, Inc | Add +6.1% | 3.41% | 406,759 | $794.4M | $1953.00 | $1719.41 - $2011.54(80%)$1902.58 -> $1953.01 |
| BRK-A | Berkshire Hathaway Inc., Class A | Reduce -6.0% | 2.79% | 868 | $650.01M | $748859.91 | $698000.00 - $749970.00(98%)$716258.00 -> $748099.75 |
| GOOG | Alphabet Inc., Class C | Reduce -16.7% | 0.86% | 564,274 | $199.39M | $353.36 | $287.57 - $404.47(56%)$294.90 -> $353.33 |
| META | Meta Platforms, Inc., Class A | Reduce -4.1% | 3.99% | 1,648,172 | $928.73M | $563.49 | $540.21 - $691.52(15%)$579.23 -> $563.29 |
| SAP | SAP SE - ADR | Reduce -80.9% | 0.04% | 60,529 | $9.33M | $154.21 | $148.06 - $196.39(13%)$171.36 -> $154.11 |
| CVS | CVS Health Corporation | Reduce -3.0% | 5.27% | 11,865,916 | $1.23B | $103.46 | $71.82 - $106.15(92%)$72.49 -> $103.44 |
| JPM | JPMorgan Chase & Co. | Reduce -14.4% | 0.67% | 476,389 | $155.94M | $327.33 | $288.72 - $343.45(71%)$295.38 -> $327.33 |
| TSN | Tyson Foods Inc | Reduce -3.3% | 3.11% | 12,653,717 | $724.48M | $57.25 | $55.22 - $69.48(14%)$64.30 -> $57.25 |
| NTES | NetEase Inc. - ADR | Add +45.0% | 0.34% | 612,955 | $78.54M | $128.14 | $106.06 - $129.95(92%)$112.66 -> $128.14 |
| BK | Bank of New York Mellon Corp. | Reduce -30.2% | 0.23% | 366,448 | $52.99M | $144.61 | $118.58 - $148.50(87%)$120.97 -> $143.56 |
| MGM | MGM Resorts International | Reduce -1.6% | 4.91% | 23,903,317 | $1.14B | $47.81 | $35.32 - $51.56(77%)$36.78 -> $47.81 |
| CB | Chubb Ltd. | Reduce -4.0% | 1.68% | 1,148,090 | $391.23M | $340.77 | $308.61 - $344.85(89%)$327.16 -> $340.80 |
| SE | Sea Ltd., Class A, ADR | Add +8.8% | 0.83% | 2,011,812 | $192.79M | $95.83 | $79.00 - $99.97(80%)$82.16 -> $95.83 |
| WFC | Wells Fargo & Co. | Reduce -2.2% | 2.84% | 8,008,728 | $661.9M | $82.65 | $72.78 - $87.08(69%)$80.57 -> $82.64 |
| DGX | Quest Diagnostics Inc. | Reduce -3.8% | 1.42% | 1,555,612 | $329.78M | $211.99 | $186.23 - $214.21(92%)$197.69 -> $211.81 |
| UNH | UnitedHealth Group Inc. | Add +2.2% | 2.27% | 1,274,650 | $529.84M | $415.67 | $270.76 - $427.81(92%)$273.98 -> $415.63 |
| PNC | PNC Financial Services Group, Inc. | Reduce -8.5% | 0.52% | 496,066 | $122.14M | $246.22 | $205.23 - $249.01(94%)$209.24 -> $246.22 |
| APP | AppLovin Corp., Class A | Reduce -6.0% | 0.70% | 315,539 | $162.72M | $515.69 | $364.64 - $622.00(59%)$387.84 -> $516.43 |
| BAC | Bank of America Corp. | Reduce -14.4% | 0.24% | 992,776 | $56.57M | $56.98 | $48.16 - $59.20(80%)$49.27 -> $56.98 |
| YMM | Full Truck Alliance Co. Ltd., ADR | Reduce -3.9% | 0.96% | 27,639,082 | $224.43M | $8.12 | $7.46 - $9.59(31%)$8.25 -> $8.12 |
| NVDA | NVIDIA Corp. | Add +36.3% | 0.13% | 154,727 | $30.95M | $200.03 | $171.37 - $236.54(44%)$175.75 -> $200.09 |
| AXP | American Express Co. | Reduce -10.0% | 0.30% | 209,821 | $70.97M | $338.25 | $292.58 - $352.46(76%)$301.45 -> $338.31 |
| L | Loews Corp. | Reduce -11.2% | 0.27% | 545,211 | $61.72M | $113.21 | $102.17 - $114.29(91%)$106.64 -> $113.21 |
| JCI | Johnson Controls International plc | Reduce -27.1% | 0.09% | 141,422 | $20.66M | $146.08 | $130.78 - $149.38(82%)$134.72 -> $146.11 |
| FITB | Fifth Third Bancorp | Reduce -4.6% | 0.65% | 2,684,183 | $151.31M | $56.37 | $45.66 - $56.94(95%)$46.82 -> $56.36 |
| RNR | RenaissanceRe Holdings Ltd | Reduce -8.8% | 0.32% | 234,528 | $74.32M | $316.90 | $275.60 - $325.38(83%)$295.66 -> $316.90 |
| WCC | Wesco International, Inc. | Reduce -4.5% | 0.54% | 363,915 | $125.5M | $344.87 | $267.10 - $377.90(70%)$282.46 -> $345.43 |
| BRK-B | Berkshire Hathaway Inc., Class B | Reduce -1.5% | 1.59% | 738,433 | $369.51M | $500.40 | $464.01 - $500.56(100%)$478.50 -> $499.99 |
| RKT | Rocket Companies, Inc., Class A | Reduce -7.5% | 0.30% | 4,463,148 | $70.29M | $15.75 | $12.37 - $17.36(68%)$14.43 -> $15.75 |
| MSFT | Microsoft Corp. | Add +18.4% | 0.15% | 92,973 | $34.7M | $373.28 | $349.20 - $466.32(21%)$369.37 -> $373.02 |
| CI | Cigna Group | Add +0.9% | 2.67% | 2,253,424 | $621.24M | $275.69 | $264.90 - $303.33(28%)$267.32 -> $275.69 |
| ARE | Alexandria Real Estate Equities, Inc. | Reduce -55.5% | 0.02% | 80,467 | $4.25M | $52.85 | $39.41 - $56.20(80%)$43.29 -> $52.94 |
| EG | Everest Group, Ltd. | Reduce -10.3% | 0.19% | 126,423 | $45.16M | $357.23 | $316.80 - $361.27(91%)$323.87 -> $357.02 |
| ADBE | Adobe Inc. | Add +50.4% | 0.06% | 67,894 | $13.93M | $205.16 | $190.12 - $275.44(18%)$241.37 -> $205.14 |
| CHYM | Chime Financial, Inc. | Reduce -8.2% | 0.20% | 2,331,776 | $47.75M | $20.48 | $15.88 - $24.75(52%)$18.63 -> $20.48 |
| AVB | AvalonBay Communities, Inc. | Reduce -25.1% | 0.05% | 59,890 | $11.3M | $188.69 | $162.79 - $192.51(87%)$164.90 -> $189.01 |
| PINS | Pinterest, Inc., Class A | Add +1.4% | 1.14% | 12,574,721 | $264.48M | $21.03 | $17.33 - $24.71(50%)$18.29 -> $21.03 |
| MAA | Mid-America Apartment Communities, Inc. | Reduce -54.4% | 0.01% | 21,900 | $3.04M | $138.94 | $121.60 - $140.96(90%)$122.55 -> $138.94 |
| NTB | Bank of N.T. Butterfield & Son Limited | Reduce -5.7% | 0.26% | 1,012,140 | $60.22M | $59.50 | $52.17 - $60.26(91%)$52.99 -> $59.50 |
| ESS | Essex Property Trust, Inc. | Add +70.0% | 0.04% | 28,501 | $8.31M | $291.59 | $240.54 - $296.07(92%)$243.08 -> $291.64 |
| AGCO | AGCO Corporation | Reduce -1.4% | 1.06% | 2,058,488 | $246.36M | $119.68 | $108.01 - $123.64(75%)$117.74 -> $119.89 |
| OC | Owens Corning | Reduce -0.9% | 1.42% | 2,081,213 | $330.71M | $158.90 | $103.31 - $159.90(98%)$107.26 -> $158.96 |
| BRX | Brixmor Property Group, Inc. | Reduce -15.3% | 0.06% | 477,150 | $15.04M | $31.53 | $28.37 - $32.80(71%)$28.86 -> $31.54 |
| FI | Fiserv, Inc. | Reduce -8.3% | 0.11% | 539,839 | $26.48M | — | - |
| EQIX | Equinix, Inc. | Reduce -9.0% | 0.09% | 19,313 | $20.13M | $1042.39 | $978.02 - $1128.68(43%)$995.98 -> $1042.39 |
| SCHW | Charles Schwab Corp. | Reduce -6.8% | 0.11% | 289,871 | $26.75M | $92.27 | $83.96 - $100.76(49%)$92.36 -> $92.27 |
| IVE | iShares S&P 500 Value Index Fund | Reduce -71.7% | 0.00% | 3,288 | $746.57K | $227.06 | $209.65 - $229.97(86%)$211.49 -> $227.06 |
| REG | Regency Centers Corporation | Reduce -16.1% | 0.04% | 116,340 | $9.28M | $79.74 | $75.38 - $81.92(67%)$76.11 -> $79.74 |
| SOLV | Solventum Corp. | Reduce -0.4% | 2.09% | 6,307,729 | $486.69M | $77.16 | $62.38 - $83.20(71%)$64.35 -> $77.15 |
| AMH | American Homes 4 Rent - Class A | Add +17.5% | 0.05% | 325,590 | $10.91M | $33.52 | $27.83 - $34.07(91%)$28.17 -> $33.54 |
| TSM | Taiwan Semiconductor Manufacturing, ADR | Reduce -44.7% | 0.01% | 3,980 | $1.9M | $477.57 | $326.80 - $479.00(99%)$341.49 -> $477.57 |
| FRMI | Fermi Inc. | Add +47.6% | 0.02% | 451,400 | $4.13M | $9.16 | $4.47 - $10.04(84%)$5.37 -> $9.16 |
| PSA | Public Storage, Inc. | Reduce -8.5% | 0.05% | 37,740 | $12.01M | $318.31 | $269.57 - $331.79(78%)$276.24 -> $318.31 |
| DLR | Digital Realty Trust, Inc. | Reduce -7.1% | 0.06% | 73,280 | $13.16M | $179.58 | $178.41 - $208.14(4%)$180.45 -> $179.61 |
| EQR | Equity Residential | Reduce -13.2% | 0.03% | 91,855 | $6.24M | $67.93 | $58.93 - $69.03(89%)$59.55 -> $67.93 |
| DAR | Darling Ingredients Inc. | Reduce -9.1% | 0.04% | 170,846 | $9.34M | $54.67 | $50.88 - $66.02(25%)$62.16 -> $54.60 |
| IAC | People Inc. | Reduce -0.8% | 0.47% | 2,394,024 | $110.51M | $46.16 | $39.20 - $46.33(98%)$39.97 -> $44.77 |
| TFC | Truist Financial Corp. | Reduce -7.3% | 0.04% | 208,391 | $10.38M | $49.82 | $45.83 - $52.11(64%)$46.71 -> $49.82 |
| ORCL | Oracle Corporation | Reduce -6.8% | 0.05% | 74,923 | $10.97M | $146.47 | $134.57 - $250.25(10%)$145.23 -> $146.55 |
| STT | State Street Corp. | Reduce -2.8% | 0.11% | 147,966 | $25.1M | $169.60 | $125.64 - $175.46(88%)$128.25 -> $169.60 |
| JAN | Janus Living, Inc. | Add +250.0% | 0.00% | 35,000 | $1.01M | $28.74 | $23.00 - $29.27(91%)$23.35 -> $28.74 |
| REXR | Rexford Industrial Realty, Inc. | Reduce -8.4% | 0.03% | 191,960 | $6.43M | $33.50 | $32.31 - $37.55(23%)$32.85 -> $33.50 |
| NOAH | Noah Holdings Ltd., Class A, ADS | Reduce -5.6% | 0.04% | 964,486 | $9.64M | $9.99 | $9.85 - $11.05(12%)$9.96 -> $9.99 |
| PLD | Prologis, Inc. | Reduce -2.2% | 0.10% | 178,556 | $24.19M | $135.47 | $130.86 - $150.18(24%)$133.33 -> $135.47 |
| MTB | M & T Bank Corp | Reduce -3.7% | 0.06% | 58,072 | $13.82M | $238.01 | $202.85 - $239.83(95%)$208.98 -> $238.01 |
| SNPS | Synopsys, Inc. | Reduce -3.7% | 0.05% | 24,962 | $11.14M | $446.35 | $386.59 - $539.48(39%)$396.74 -> $446.07 |
| CUZ | Cousins Properties, Inc. | Reduce -2.2% | 0.07% | 573,605 | $17.2M | $29.98 | $21.88 - $30.41(95%)$22.28 -> $29.99 |
| CCK | Crown Holdings, Inc. | Reduce -36.2% | 0.00% | 5,470 | $611.66K | $111.82 | $91.31 - $112.80(95%)$103.82 -> $111.91 |
| BXP | BXP, Inc. | Reduce -2.2% | 0.07% | 232,050 | $15.39M | $66.31 | $50.07 - $67.47(93%)$51.02 -> $66.32 |
| PEAK | Healthpeak Properties, Inc. | Reduce -2.2% | 0.06% | 631,026 | $13.5M | — | - |
| SPG | Simon Property Group, Inc. | Reduce -2.3% | 0.05% | 49,318 | $11.03M | $223.65 | $186.02 - $228.57(88%)$188.09 -> $223.65 |
| OFC | COPT Defense Properties | Reduce -2.2% | 0.05% | 292,700 | $10.65M | — | - |
| EGP | Eastgroup Properties, Inc. | Reduce -2.2% | 0.04% | 51,230 | $10.38M | $202.53 | $184.76 - $207.72(77%)$187.36 -> $202.48 |
| SHO | Sunstone Hotel Investors, Inc. | Reduce -2.2% | 0.04% | 870,120 | $9.96M | $11.45 | $8.86 - $12.07(81%)$8.99 -> $11.45 |
| AMT | American Tower Corp | Reduce -2.1% | 0.04% | 63,250 | $10.35M | $163.57 | $162.40 - $196.08(3%)$171.02 -> $163.46 |
| VTR | Ventas, Inc. | Reduce -2.1% | 0.04% | 111,420 | $9.89M | $88.80 | $78.08 - $91.06(83%)$82.01 -> $88.80 |
| CPT | Camden Property Trust | Reduce -2.1% | 0.04% | 86,120 | $9.86M | $114.49 | $97.40 - $116.75(88%)$98.27 -> $114.53 |
| COP | ConocoPhillips | Add +0.1% | 0.84% | 1,877,583 | $195.19M | $103.96 | $103.66 - $134.41(1%)$128.38 -> $103.94 |
| TRNO | Terreno Realty Corp. | Reduce -2.2% | 0.03% | 111,037 | $7.19M | $64.77 | $58.96 - $67.83(66%)$61.77 -> $64.77 |
| O | Realty Income Corp. | Reduce -2.3% | 0.02% | 92,720 | $5.74M | $61.96 | $59.48 - $65.35(42%)$61.88 -> $61.96 |
| CHCT | Community Healthcare Trust, Inc. | Reduce -2.2% | 0.03% | 322,890 | $5.9M | $18.28 | $15.65 - $18.50(92%)$15.80 -> $18.31 |
| VICI | VICI Properties, Inc. | Reduce -2.2% | 0.02% | 215,360 | $5.72M | $26.55 | $26.07 - $29.51(14%)$27.46 -> $26.55 |
| SUI | Sun Communities, Inc. | Reduce -2.2% | 0.02% | 42,480 | $5.09M | $119.91 | $117.46 - $131.18(18%)$127.38 -> $119.91 |
| HPP | Hudson Pacific Properties, Inc. | Reduce -2.1% | 0.02% | 315,236 | $4.79M | $15.19 | $5.26 - $15.70(95%)$5.51 -> $15.19 |
| ANGI | ANGI Inc., Class A | Reduce -1.7% | 0.02% | 932,653 | $5.55M | $5.95 | $4.53 - $7.86(43%)$6.89 -> $5.97 |
| EXR | Extra Space Storage, Inc. | Reduce -2.1% | 0.02% | 27,535 | $4M | $145.30 | $130.42 - $151.75(70%)$132.49 -> $145.24 |
| CUBE | CubeSmart | Reduce -2.2% | 0.02% | 90,280 | $3.59M | $39.77 | $36.03 - $42.62(57%)$36.53 -> $39.78 |
| DEI | Douglas Emmett, Inc | Reduce -2.2% | 0.02% | 301,580 | $3.56M | $11.80 | $9.04 - $12.82(73%)$9.23 -> $11.81 |
| JLL | Jones Lang LaSalle, Inc. | Reduce -0.8% | 0.02% | 12,295 | $3.81M | $309.95 | $276.03 - $359.28(41%)$305.75 -> $309.95 |
| CBRE | CBRE Group, Inc. | Reduce -0.9% | 0.01% | 25,390 | $3.42M | $134.69 | $121.71 - $157.60(36%)$134.49 -> $134.76 |
| VALE | Vale S.A., ADR | Reduce -0.1% | 0.19% | 2,929,850 | $44.06M | $15.04 | $14.76 - $17.94(9%)$16.05 -> $15.04 |
| BEKE | KE Holdings Inc., Class A, ADR | Reduce -0.1% | 0.12% | 1,850,782 | $26.89M | $14.53 | $13.81 - $19.77(12%)$14.84 -> $14.54 |
| JD | JD.com Inc., Class A, ADR | Reduce -0.1% | 0.03% | 283,280 | $7.22M | $25.48 | $24.55 - $34.30(10%)$28.87 -> $25.48 |