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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Sells
These are the positions the manager reduced or sold out of this quarter, showing where they pulled money back. The quarter shown is Q2 2026.
| Ticker | Security | Activity | % portfolio | Shares | Value | Reported price | Q range |
|---|---|---|---|---|---|---|---|
| AMAT | Applied Materials, Inc. | Reduce -91.4% | 0.32% | 102,521 | $74.07M | $722.52 | $337.25 - $739.67(96%)$353.80 -> $726.85 |
| CTRA | Coterra Energy, Inc. | Sold | — | 0 | $0 | — | - |
| CCI | Crown Castle, Inc. | Sold | — | 0 | $0 | — | - |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |