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Focused investors/Christopher Davis

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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Updated 2026-06-06 from SEC 13F data.

Live quotes available for 102 of 186 rows. Rows without a quote are marked unavailable.

1-Citigroup Inc. 7.5% 12/15/12CUSIP PREFERRED74.56%New16,951$172.97BNo quoteNo quote
2WFCWells Fargo & Co. Common1.28%Reduce -0.2%93,493,190$2.96B$31.71No quote
3COSTCostco Wholesale Corp. Common1.24%Reduce -6.4%39,340,164$2.88B$73.32No quote
4AXPAmerican Express Co. Common1.24%Reduce -4.1%63,517,315$2.87B$45.20No quote
5OXYOccidental Petroleum Corp. Common1.11%Reduce -1.0%24,676,993$2.58B$104.49No quote
6EOGEOG Resources, Inc. Common1.10%Reduce -1.8%21,627,349$2.56B$118.51No quote
7BKBank of New York Mellon Common1.08%Add +5.9%83,625,320$2.5B$29.87No quote
8CVSCVS Caremark Corp. Common1.01%Add +0.5%68,237,105$2.34B$34.32No quote
9DVNDevon Energy Corp. Common1.00%Reduce -2.4%25,380,981$2.33B$91.77No quote
10CNQCanadian Natural Resources Foreign0.98%Reduce -0.3%46,028,644$2.28B$49.43No quote
11LLoews Corp. Common0.97%Add +0.3%52,080,391$2.24B$43.09No quote
12MRKMerck & Co., Inc. Common0.80%Add +3.2%56,471,026$1.86B$33.01No quote
13PGRProgressive Corp. Common0.69%Reduce -0.1%75,469,723$1.59B$21.13No quote
14JNJJohnson & Johnson Common0.64%Reduce -1.5%25,143,682$1.49B$59.25No quote
15IRMIron Mountain Inc. Common0.57%Add +8.3%42,195,774$1.32BNo quoteNo quote
16SEESealed Air Corp. Common0.54%Reduce -7.8%47,419,600$1.26B$26.66No quote
17ESRXExpress Scripts Inc - Class A Common0.54%Reduce -0.4%22,465,290$1.25BNo quoteNo quote
18TXNTexas Instruments, Inc. Common0.53%Reduce -13.2%35,725,314$1.23B$34.56No quote
19KOCoca Cola Co. Common0.50%Reduce -5.4%17,487,366$1.16B$66.34No quote
20BBBYQBed Bath + Beyond Inc. Common0.49%Add +1.6%23,360,487$1.13BNo quoteNo quote
21BRK/ABerkshire Hathaway Inc., A CommonCUSIP 0846701080.49%Reduce -13.2%8,997$1.13BNo quoteNo quote
22PFEPfizer Inc. Common0.41%Reduce -30.4%46,886,849$952.27M$20.31No quote
23HOGHarley-Davidson, Inc. Common0.38%Reduce -15.8%20,973,434$891.16M$42.49No quote
24MONMonsanto Co. Common0.36%Add +0.6%11,646,300$841.56MNo quoteNo quote
25TRHTransatlantic Holdings, Inc. Common0.32%Add +6.8%15,124,668$736.12MNo quoteNo quote
26PMPhilip Morris International Inc. Common0.31%Reduce -8.1%10,805,398$709.16M$65.63No quote
27GOOGLGoogle Inc. Class A Common0.30%Reduce -0.5%1,202,566$705.62M$586.76No quote
28AAgilent Technologies, Inc. Common0.30%Reduce -8.3%15,668,252$701.62M$44.78No quote
29AMPAmeriprise Financial, Inc. Common0.30%Add +0.1%11,247,009$686.97M$61.08No quote
30PGProcter & Gamble Co. Common0.29%Reduce -25.1%11,098,135$683.65M$61.60No quote
31MSFTMicrosoft Corp. Common0.29%Reduce -5.7%26,536,269$673.76M$25.39No quote
32BDXBecton, Dickinson and Co. Common0.25%Reduce -2.7%7,377,037$587.36M$79.62No quote
33HPQHewlett Packard Co. Common0.23%Reduce -4.0%13,269,593$543.66M$40.97No quote
34BAXBaxter International Inc. Common0.23%Reduce -0.2%9,964,931$535.81M$53.77No quote
35RIGTransocean Ltd. Common0.23%Reduce -0.7%6,701,759$522.4M$77.95No quote
36DNBD & B Corp. Common0.22%Reduce -11.5%6,229,088$499.82MNo quoteNo quote
37MLMMartin Marietta Materials, Inc. Common0.21%Reduce -12.9%5,352,595$479.97M$89.67No quote
38LMTLockheed Martin Corp. Common0.20%Reduce -0.0%5,901,908$474.51M$80.40No quote
39KFTKraft Foods Inc. Common0.19%Add +113.6%13,830,540$433.73MNo quoteNo quote
40KMXCarMax, Inc. Common0.18%Reduce -30.8%13,106,707$420.73M$32.10No quote
41POTPotash Corp Saskatchewan Inc. Foreign0.17%Add +199.0%6,694,365$394.5MNo quoteNo quote
42GSGoldman Sachs Group Inc. Common0.16%Add +2.5%2,285,264$362.44M$158.60No quote
43BAMBrookfield Asset Management Foreign0.15%Add +3.3%10,635,215$345.22M$32.46No quote
44TYCTyco International Ltd. Common0.14%Reduce -18.3%7,376,965$330.27MNo quoteNo quote
45ACEAce Limited Common0.13%Add +2758.8%4,746,710$307.11MNo quoteNo quote
46AMXAmerica Movil S.A.B. de C.V. ADR0.13%Add +28.2%5,264,878$305.89MNo quoteNo quote
47APDAir Products & Chemicals, Inc. Common0.13%Add +132.3%3,320,558$299.45M$90.18No quote
48ATVIActivision Blizzard, Inc. Common0.13%Add +3.0%27,024,828$296.46MNo quoteNo quote
49BRK/BBerkshire Hathaway Inc., B CommonCUSIP 0846707020.12%Reduce -6.6%3,369,803$281.82MNo quoteNo quote
50DEODiageo PLC - ADR ADR0.12%Reduce -1.9%3,566,748$271.86M$76.22No quote
51UNUnilever NV ADR0.11%Add +0.1%8,381,705$262.85MNo quoteNo quote
52PXPraxair, Inc. Common0.09%Add +0.3%2,030,558$206.31MNo quoteNo quote
53TVGrupo Televisa SA ADR0.08%Reduce -42.7%8,007,235$196.42MNo quoteNo quote
54EXPEExpedia Inc. Common0.08%New8,485,607$192.28M$22.66No quote
55QVCALiberty Media Interactive A Common0.08%Reduce -0.9%11,353,133$182.1MNo quoteNo quote
56VVisa Inc. Common0.07%Add +2.9%2,352,870$173.22M$73.62No quote
57EGEverest Re Group, Ltd. Common0.07%Add +85.4%1,963,072$173.1M$88.18No quote
58VMCVulcan Materials Corp. Common0.07%Reduce -0.1%3,722,327$169.74M$45.60No quote
59MKLMarkel Corp. Common0.06%Add +3.4%336,021$139.26M$414.45No quote
60SLBSchlumberger Ltd. Common0.06%Reduce -0.9%1,492,519$139.19M$93.26No quote
61ACCAmerican Campus Communities, Inc. Common0.06%Reduce -4.6%3,982,359$131.42MNo quoteNo quote
62AREAlexandria Real Estate Equities,Inc. Common0.05%Add +6.0%1,554,552$121.21M$77.97No quote
63DFTDuPont Fabros Technology Inc. Common0.05%Add +7.7%4,995,711$121.15MNo quoteNo quote
64DISDisney Walt Holdings Common0.05%New2,618,909$112.85M$43.09No quote
65MCOMoody's Corp. Common0.05%Reduce -77.7%3,258,732$110.5M$33.91No quote
66SPGSimon Property Group Inc. Common0.04%Add +63.9%957,295$102.58M$107.16No quote
67DLRDigital Realty Trust Inc. Common0.04%Add +6.6%1,731,899$100.69M$58.14No quote
68EPREntertainment Properties Trust Common0.04%Add +2.6%2,118,195$99.17MNo quoteNo quote
69JPMJPMorgan Chase & Co. Common0.04%Reduce -1.4%1,975,624$91.08M$46.10No quote
70DCTDCT Industrial Trust Inc. Common0.03%Reduce -0.1%14,273,447$79.22MNo quoteNo quote
71ESSEssex Property Trust, Inc. Common0.03%Reduce -12.2%634,612$78.69M$124.00No quote
72UDRUDR, Inc. Common0.03%Add +1.8%3,057,724$74.52M$24.37No quote
73REGRegency Centers Corporation Common0.03%Reduce -6.7%1,659,613$72.16M$43.48No quote
74OFCCorporate Office Properties Trust Common0.03%Add +9.4%1,983,942$71.7MNo quoteNo quote
75LSTZALiberty Media - Starz A Common0.03%Reduce -0.4%907,570$70.43MNo quoteNo quote
76AOCAon Corp. Common0.03%Reduce -1.0%1,312,125$69.49MNo quoteNo quote
77VNOVornado Realty Trust Common0.03%Add +3.4%726,627$63.58M$87.50No quote
78BDNBrandywine Realty Trust Common0.03%New4,849,685$58.88MNo quoteNo quote
79BACBank of America Corp. Common0.02%Add +2.9%4,309,287$57.44M$13.33No quote
80VTRVentas, Inc. Common0.02%Reduce -44.7%968,925$52.61M$54.30No quote
81SCHWCharles Schwab Corp. Common0.02%Reduce -0.3%2,898,551$52.26M$18.03No quote
82DEIDouglas Emmett, Inc. Common0.02%Reduce -11.4%2,787,160$52.26M$18.75No quote
83FCEAForest City Enterprises Inc. - A Common0.02%Reduce -18.9%2,517,273$47.4MNo quoteNo quote
84TCOTaubman Centers, Inc. Common0.02%Reduce -20.8%876,610$46.97MNo quoteNo quote
85HIWHighwoods Properties Inc. Common0.02%Reduce -51.3%1,269,076$44.43MNo quoteNo quote
86LPTLiberty Property Trust Common0.02%-1,341,300$44.13MNo quoteNo quote
87YUMYum! Brands, Inc. Common0.02%Reduce -7.2%819,830$42.12M$51.38No quote
88EGPEastgroup Properties, Inc. Common0.02%Add +157.4%925,719$40.7M$43.97No quote
89CBLCBL & Associates Properties Common0.02%-2,164,335$37.7M$17.42No quote
90PCLPlum Creek Timber Company, Inc. Common0.02%Add +31.9%806,501$35.17MNo quoteNo quote
91SIALSigma-Aldrich Corp. Common0.02%Reduce -5.8%550,259$35.02MNo quoteNo quote
92TSTenaris S.A. - ADR ADR0.01%Add +3.4%691,521$34.2MNo quoteNo quote
93NLSNNielsen Holdings B.V. Foreign0.01%New1,079,877$29.49MNo quoteNo quote
94COPConocoPhillips Common0.01%Reduce -2.0%367,799$29.37M$79.86No quote
95YOKUYouku.com Inc. ADR0.01%Add +4.0%561,590$26.68MNo quoteNo quote
96IDXXIDEXX Laboratories, Inc. Common0.01%Reduce -25.6%339,111$26.19M$77.22No quote
97BLTBlount International, Inc. Common0.01%Add +1.6%1,628,775$26.03MNo quoteNo quote
98LFCChina Life Insurance, Co. ADR0.01%Add +16.4%454,433$25.47MNo quoteNo quote
99CORCoresite Realty Corp. Common0.01%Add +0.9%1,596,648$25.29MNo quoteNo quote
100AMTAmerican Tower Corp Cl A Common0.01%Add +34.2%466,598$24.18M$51.82No quote
101SAPSAP AG ADR0.01%Reduce -6.0%355,959$21.84M$61.36No quote
102KSSKohls Corp. Common0.01%Add +7.8%400,800$21.26MNo quoteNo quote
103SHWThe Sherwin Williams Co. Common0.01%Reduce -2.9%251,927$21.16M$83.99No quote
104BKDBrookdale Senior Living, Inc. Common0.01%Add +5.3%634,915$17.78M$28.00No quote
105ABBNYABB Limited ADR ADR0.01%Add +2.1%675,730$16.35MNo quoteNo quote
106PWRQuanta Services, Inc. Common0.01%Reduce -11.7%719,490$16.14M$22.43No quote
107NBRNabors Industries Ltd. Common0.01%Reduce -0.3%520,500$15.81M$30.38No quote
108CSACogdell Spencer, Inc. Common0.01%Add +4.6%2,471,811$14.68MNo quoteNo quote
109WFMWhole Foods Market Inc. Common0.01%Reduce -23.9%216,690$14.28MNo quoteNo quote
110UHSUniversal Health Services, Inc. Common0.01%Reduce -0.5%288,700$14.27M$49.41No quote
111AESPRCAES Trust III,6.75%,10/15/29 PreferredPREF0.01%-288,810$14.17MNo quoteNo quote
112LHOLaSalle Hotel Properties Common0.01%Add +12.5%522,663$14.11MNo quoteNo quote
113HRSHarris Corporation Common0.01%Reduce -6.0%258,242$12.81MNo quoteNo quote
114BXPBoston Properties, Inc. Common0.01%Reduce -25.2%128,143$12.15M$94.85No quote
115WCNWaste Connections Inc. Common0.01%Reduce -3.0%415,990$11.98M$28.79No quote
116IBNICICI Bank Limited ADR0.01%Add +23.0%238,515$11.89M$49.83No quote
117PSAPublic Storage, Inc Common0.01%New106,543$11.82M$110.91No quote
118NWSANews Corp., Class A Common0.00%Reduce -94.7%651,830$11.46M$17.58No quote
119ALTRAltera Corp. Common0.00%Reduce -6.4%246,687$10.86MNo quoteNo quote
120AVPAvon Products, Inc. Common0.00%Add +8.4%383,960$10.38MNo quoteNo quote
121ALEXAlexander & Baldwin, Inc. Common0.00%Reduce -59.1%226,318$10.33MNo quoteNo quote
122CBGCB Richard Ellis Group, Inc. Common0.00%Reduce -1.0%377,478$10.08MNo quoteNo quote
123GEGeneral Electric Co. Common0.00%Reduce -0.5%489,414$9.81M$20.05No quote
124BSBRBanco Santander Brasil SA ADR0.00%Add +11.0%779,506$9.56MNo quoteNo quote
125FCXFreeport-McMoRan Copper & Gold Common0.00%Add +51.0%166,274$9.24M$55.55No quote
126EQREquity Residential Common0.00%New151,942$8.57M$56.41No quote
127IRFInternational Rectifier Corp. Common0.00%Reduce -13.0%254,700$8.42MNo quoteNo quote
128FCSFairchild Semiconductor Intl Common0.00%Reduce -18.7%443,797$8.08MNo quoteNo quote
129IBMIBM Common0.00%Reduce -5.8%48,265$7.87M$163.08No quote
130MASMasco Corp. Common0.00%Reduce -0.5%556,900$7.75M$13.92No quote
131SCHSSchool Specialty Inc. Common0.00%Reduce -0.2%531,077$7.59MNo quoteNo quote
132AESAES Corp. Common0.00%Reduce -0.7%578,810$7.53M$13.00No quote
133USBUS Bancorp Common0.00%Add +22.1%283,890$7.5M$26.43No quote
134SVASinovac Biotech Ltd. Foreign0.00%Add +27.1%1,631,880$7.38MNo quoteNo quote
135TDToronto Dominion Bank Foreign0.00%Add +2300.7%81,505$7.22M$88.60No quote
136WUWestern Union Company Common0.00%Add +35.9%315,192$6.55M$20.77No quote
137TSNTyson Foods Inc. Common0.00%Reduce -36.0%335,410$6.44M$19.19No quote
138TROWT. Rowe Price Group, Inc. Common0.00%Add +27.4%88,235$5.86M$66.42No quote
139NTESNetEase.com Inc. ADR0.00%Add +24.1%108,180$5.36M$49.51No quote
140AMZNAmazon.Com, Inc. Common0.00%Reduce -14.2%26,755$4.82M$180.12No quote
141FMDThe First Marblehead Corp. Common0.00%-1,930,844$4.25MNo quoteNo quote
142VALEPVale SA-Sp Pref ADR0.00%Add +25.7%129,069$3.81MNo quoteNo quote
143CISGCNINSURE Inc. ADR0.00%Add +26.3%154,901$2.01MNo quoteNo quote
144TOLToll Brothers, Inc. Common0.00%Reduce -67.0%99,680$1.97M$19.77No quote
145CCitigroup Inc. Common0.00%Reduce -1.6%371,170$1.64M$4.42No quote
146INTCIntel Corp. Common0.00%Reduce -0.4%81,256$1.64M$20.18No quote
147TECHTechne Corp. Common0.00%New21,570$1.54M$71.58No quote
148HRBH & R Block, Inc. Common0.00%Reduce -5.3%92,070$1.54M$16.74No quote
149GMPRBGeneral Motors Corp. 4.75% 12/01/13 PreferredPREF0.00%-21,100$1.02MNo quoteNo quote
150PCARPACCAR Inc Common0.00%Add +5.4%15,300$801K$52.35No quote
151GLAClark Holdings, Inc. Common0.00%Reduce -2.1%1,461,685$563KNo quoteNo quote
152SESpectra Energy Corp. Common0.00%-20,450$556K$27.19No quote
153AMBAMB Property Corp. Common0.00%Reduce -99.0%15,245$548KNo quoteNo quote
154MJNMead Johnson Nutrition Co. Common0.00%Reduce -99.8%7,285$422KNo quoteNo quote
155CLColgate-Palmolive Co. Common0.00%Reduce -26.1%5,175$418K$80.77No quote
156TJXThe TJX Companies, Inc. Common0.00%New5,260$262K$49.81No quote
157WYNNWynn Resorts, Ltd. Common0.00%-1,980$252K$127.27No quote
158CFNCarefusion Corp. Common0.00%Reduce -0.1%8,615$243KNo quoteNo quote
159RSGRepublic Services, Inc. Common0.00%-8,000$240KNo quoteNo quote
160BPBP Plc ADR0.00%New5,368$237K$44.15No quote
162ORCLOracle Corporation Common0.00%Add +1.5%6,831$228K$33.38No quote
161ADPAutomatic Data Processing Common0.00%-4,450$228K$51.24No quote
163CXCemex SA ADR0.00%Add +4.0%24,336$217K$8.92No quote
164TGTTarget Corp. Common0.00%New4,219$211K$50.01No quote
165FFord Motor Company Common0.00%Add +2.4%12,533$187K$14.92No quote
173HSYThe Hershey Co. Common-Sold0$0No quoteNo quote
172SLGSL Green Realty Corp. Common-Sold0$0No quoteNo quote
171SHAWShaw Group Inc. Common-Sold0$0No quoteNo quote
170SBACSBA Communications Corp. Common-Sold0$0No quoteNo quote
169IVEiShares S&P 500 Value Idx Fund ETF-Sold0$0No quoteNo quote
168FRTFederal Realty Investment Trust Common-Sold0$0No quoteNo quote
167CCICrown Castle Int'l Corp Common-Sold0$0No quoteNo quote
166CPRHCitigroup Inc. 7.5% 12/15/12 Pfd-Sold0$0No quoteNo quote

Other instruments

Bonds, warrants, or non-share principal positions reported alongside the equity portfolio.

1-Level 3 Communications,15% 1/15/2013 BondBondOTHER40,000,000$52.75M
2-Tyson Foods Inc 3.25 10/15/13 BondBondOTHER16,300,000$21.23M
3-Allegheny Tech. 4.25 6/1/14 BondBondOTHER9,015,000$15.86M
4-Valeant Pharm. 4.00 11/15/13 BondBondOTHER3,900,000$15.41M
5-US Steel Corp. 4% 05/15/14 BondBondOTHER8,150,000$14.86M
6-Transocean Inc. Series C BondBondOTHER12,800,000$12.46M
7-School Specialty SCHS 3.75 BondBondOTHER11,500,000$11.87M
8INTCIntel Corp 2.95 12/15/2035 BondBondOTHER9,500,000$9.77M
9-United Rental 4% CV BondBondOTHER1,700,000$5.26M
10WFCWSWells Fargo & Co. Warrants WarrantWarrantOTHER385,700$4.36M
11-Eastman Kodak 04/01/17, Conv. Bond BondBondOTHER4,000,000$3.57M
12-Nabors 0.94 Cpn Conv. BondBondOTHER2,500,000$2.49M
13-Janus Capital GR JNS3.25 BondBondOTHER250,000$300K