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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 184 rows. Rows without a quote are marked unavailable.

1-Citigroup Inc. 7.5% 12/15/12CUSIP PREFERRED75.67%Add +213.4%14,165$172.97BNo quoteNo quote
2COSTCostco Wholesale Corp. Common1.26%Reduce -2.8%44,728,826$2.88B$64.49No quote
3AXPAmerican Express Co. Common1.26%Reduce -1.0%68,507,149$2.88B$42.03No quote
4WFCWells Fargo & Co. Common1.08%Reduce -2.1%98,624,597$2.48B$25.11No quote
5CVSCVS Caremark Corp. Common0.96%Add +10.1%69,959,264$2.2B$31.47No quote
6EOGEOG Resources, Inc. Common0.95%Add +0.8%23,394,094$2.17B$92.97No quote
7OXYOccidental Petroleum Corp. Common0.93%Reduce -9.4%27,185,654$2.13B$78.30No quote
8BKBank of New York Mellon Common0.91%Reduce -0.2%79,865,683$2.09B$26.13No quote
9LLoews Corp. Common0.88%Add +1.1%52,937,423$2.01B$37.90No quote
10BRK/ABerkshire Hathaway Inc., A CommonCUSIP 0846701080.86%Reduce -15.7%15,807$1.97BNo quoteNo quote
11MRKMerck & Co., Inc. Common0.81%Reduce -5.4%50,086,276$1.84B$36.81No quote
12DVNDevon Energy Corp. Common0.80%Reduce -2.8%28,274,719$1.83B$64.74No quote
13PGRProgressive Corp. Common0.72%Reduce -0.6%79,251,075$1.65B$20.87No quote
14JNJJohnson & Johnson Common0.72%Add +0.1%26,504,307$1.64B$61.96No quote
15CNQCanadian Natural Resources Foreign0.72%Add +0.5%47,344,036$1.64B$34.60No quote
16SEESealed Air Corp. Common0.54%Reduce -3.4%55,209,988$1.24B$22.48No quote
17TXNTexas Instruments, Inc. Common0.53%Reduce -3.0%44,762,934$1.21B$27.14No quote
18PFEPfizer Inc. Common0.52%Reduce -0.9%69,663,507$1.2B$17.17No quote
19KOCoca Cola Co. Common0.50%Add +0.5%19,570,341$1.15B$58.52No quote
20ESRXExpress Scripts Inc - Class A Common0.49%Add +3.3%23,024,793$1.12BNo quoteNo quote
21BBBYQBed Bath + Beyond Inc. Common0.45%Add +1.0%23,459,469$1.02BNo quoteNo quote
22PGProcter & Gamble Co. Common0.44%Reduce -11.7%16,833,503$1.01B$59.97No quote
23IRMIron Mountain Inc. Common0.39%Reduce -1.0%40,344,246$901.29MNo quoteNo quote
24GOOGLGoogle Inc. Class A Common0.36%Add +18.2%1,559,548$820M$525.79No quote
25MSFTMicrosoft Corp. Common0.33%Reduce -6.4%30,926,178$757.38M$24.49No quote
26TRHTransatlantic Holdings, Inc. Common0.32%Reduce -2.1%14,574,218$740.66MNo quoteNo quote
27HOGHarley-Davidson, Inc. Common0.32%Add +1.1%25,624,279$728.75M$28.44No quote
28PMPhilip Morris International Inc. Common0.30%Add +0.7%12,139,588$680.06M$56.02No quote
29AAgilent Technologies, Inc. Common0.28%Reduce -3.1%19,362,033$646.11M$33.37No quote
30HPQHewlett Packard Co. Common0.28%Reduce -26.1%15,075,979$634.25M$42.07No quote
31KMXCarMax, Inc. Common0.27%Add +0.9%21,755,437$606.11M$27.86No quote
32BDXBecton, Dickinson and Co Common0.26%Reduce -4.5%8,172,588$605.59M$74.10No quote
33DNBD & B Corp. Common0.25%Reduce -3.5%7,579,077$561.91MNo quoteNo quote
34AMPAmeriprise Financial, Inc. Common0.24%Reduce -1.4%11,727,346$555.06M$47.33No quote
35BAXBaxter International Inc. Common0.21%Add +9.7%10,267,989$489.89M$47.71No quote
36MLMMartin Marietta Materials, Inc. Common0.21%Reduce -0.8%6,149,565$473.33M$76.97No quote
37RIGTransocean Ltd. Common0.20%Reduce -0.3%6,964,059$447.72M$64.29No quote
38MCOMoody's Corp. Common0.19%Reduce -7.6%17,520,529$437.66M$24.98No quote
39BRK/BBerkshire Hathaway Inc., B CommonCUSIP 0846707020.19%Reduce -15.4%5,129,042$424.07MNo quoteNo quote
40TYCTyco International Ltd. Common0.17%Reduce -14.7%10,488,962$385.26MNo quoteNo quote
41MONMonsanto Co. Common0.15%Add +1.1%7,339,931$351.8MNo quoteNo quote
42GSGoldman Sachs Group Inc. Common0.14%Reduce -0.1%2,281,269$329.83M$144.58No quote
43DEODiageo PLC - ADR ADR0.14%Reduce -0.1%4,644,013$320.48M$69.01No quote
44BAMBrookfield Asset Management Foreign0.13%Add +0.7%10,262,675$291.15M$28.37No quote
45ATVIActivision Blizzard, Inc. Common0.13%Add +0.2%26,723,798$289.15MNo quoteNo quote
46TVGrupo Televisa SA ADR0.12%Reduce -4.2%14,914,777$282.19MNo quoteNo quote
47POTPotash Corp Saskatchewan Inc. Foreign0.12%Reduce -8.6%1,958,593$282.12MNo quoteNo quote
48NWSANews Corp., Class A Common0.10%Reduce -52.9%17,979,465$234.81M$13.06No quote
49AMXAmerica Movil S.A.B. de C.V. ADR0.10%Reduce -4.9%4,371,674$233.14MNo quoteNo quote
50MJNMead Johnson Nutrition Common0.10%Reduce -19.9%3,857,908$219.55MNo quoteNo quote
51UNUnilever NV ADR0.09%Add +0.9%6,968,499$208.22MNo quoteNo quote
52ABBNYABB Limited ADR ADR0.09%Reduce -45.4%9,626,383$203.31MNo quoteNo quote
53PXPraxair, Inc. Common0.08%Reduce -0.0%2,023,725$182.66MNo quoteNo quote
54LMTLockheed Martin Corp. Common0.08%Add +15783.1%2,493,328$177.72M$71.28No quote
55HSYThe Hershey Co. Common0.07%Reduce -10.4%3,572,296$170.01M$47.59No quote
56VVisa Inc. Common0.07%Add +0.9%2,275,715$169M$74.26No quote
57VMCVulcan Materials Corp. Common0.07%Reduce -0.7%4,431,873$163.63M$36.92No quote
58QVCALiberty Media Interactive A Common0.07%Add +1.0%11,394,845$156.22MNo quoteNo quote
59DISDisney Walt Holdings Common0.06%Reduce -76.9%3,999,673$132.39M$33.10No quote
60ACCAmerican Campus Coms Inc. Common0.05%Reduce -10.1%4,087,652$124.43MNo quoteNo quote
61MKLMarkel Corp. Common0.05%Reduce -2.1%341,911$117.82M$344.59No quote
62DLRDigital Realty Trust Inc. Common0.05%Reduce -18.4%1,876,698$115.79M$61.70No quote
63AREAlexandria Real Estate Equities Common0.05%Reduce -21.8%1,525,062$106.75M$70.00No quote
64EGEverest Re Group, Ltd. Common0.04%Reduce -0.2%1,089,962$94.25M$86.47No quote
65SLBSchlumberger Ltd. Common0.04%Add +199.0%1,506,085$92.79M$61.61No quote
66APDAir Products & Chemicals, Inc Common0.04%Add +19274.4%1,052,028$87.13M$82.82No quote
67VTRVentas, Inc. Common0.04%Reduce -12.8%1,664,483$85.84M$51.57No quote
68OFCCorporate Office Properties Trust Common0.04%Reduce -35.2%2,283,803$85.21MNo quoteNo quote
69ESSEssex Property Trust, Inc. Common0.04%Reduce -19.2%764,319$83.65M$109.44No quote
70HIWHighwoods Properties Inc. Common0.04%Add +2.2%2,545,730$82.66MNo quoteNo quote
71EPREntertainment Properties Trust Common0.04%Add +23.6%1,865,004$80.53MNo quoteNo quote
72JPMJPMorgan Chase & Co. Common0.04%Reduce -53.1%2,114,485$80.48M$38.06No quote
73FRTFederal Realty Investment Trust Common0.03%Reduce -31.9%941,992$76.92MNo quoteNo quote
74TCOTaubman Centers, Inc. Common0.03%Reduce -22.2%1,685,613$75.2MNo quoteNo quote
75VNOVornado Realty Trust Common0.03%Reduce -14.7%865,508$74.03M$85.53No quote
76DCTDCT Industrial Trust Inc. Common0.03%Reduce -5.3%15,413,110$73.83MNo quoteNo quote
77DFTDuPont Fabros Tech Inc. Common0.03%Add +57.9%2,855,986$71.83MNo quoteNo quote
78REGRegency Centers Corporation Common0.03%Reduce -8.2%1,794,793$70.84M$39.47No quote
79DEIDouglas Emmett, Inc. Common0.03%Reduce -19.8%3,777,434$66.14M$17.51No quote
80UDRUDR, Inc. Common0.03%Reduce -17.5%2,945,897$62.22M$21.12No quote
81BXPBoston Properties, Inc. Common0.03%Reduce -35.1%734,636$61.06M$83.12No quote
82LSTZALiberty Media - Starz A Common0.03%Add +0.6%907,930$58.95MNo quoteNo quote
83SPGSimon Property Group Inc. Common0.03%Reduce -20.8%629,509$58.38M$92.74No quote
84BACBank of America Corp. Common0.02%Add +5.1%4,186,233$54.85M$13.10No quote
85AOCAon Corp. Common0.02%Add +4222.8%1,376,385$53.83MNo quoteNo quote
86YUMYum! Brands, Inc. Common0.02%Reduce -8.5%1,101,482$50.73M$46.06No quote
87SIALSigma-Aldrich Corp. Common0.02%Reduce -8.2%725,123$43.78MNo quoteNo quote
88SCHWCharles Schwab Corp. Common0.02%Add +136.2%3,122,245$43.4M$13.90No quote
89FCEAForest City Enterprises Inc. - A Common0.02%Add +12.1%3,148,273$40.39MNo quoteNo quote
90LHOLaSalle Hotel Properties Common0.02%Reduce -20.0%1,555,438$36.38MNo quoteNo quote
91IDXXIDEXX Laboratories, Inc. Common0.02%Reduce -7.6%564,052$34.81M$61.72No quote
92TSTenaris S.A. - ADR ADR0.01%Reduce -5.4%760,682$29.23MNo quoteNo quote
93SHAWShaw Group Inc. Common0.01%Reduce -8.4%759,333$25.48MNo quoteNo quote
94CBLCBL & Associates Properties Common0.01%Add +21.0%1,899,429$24.81M$13.06No quote
95LFCChina Life Insurance, Co. ADR0.01%-398,463$23.7MNo quoteNo quote
96BLTBlount International, Inc. Common0.01%Reduce -4.1%1,861,180$23.69MNo quoteNo quote
97SAPSAP AG ADR0.01%Reduce -8.2%466,568$23.01M$49.31No quote
98NTESNetEase.com Inc. ADR0.01%Reduce -9.5%549,939$21.69M$39.44No quote
99COPConocoPhillips Common0.01%Reduce -79.4%376,023$21.6M$57.43No quote
100AMTAmerican Tower Corp Cl A Common0.01%Reduce -4.8%413,234$21.18M$51.26No quote
101CCICrown Castle Int'l Corp Common0.01%Add +0.8%476,921$21.06M$44.15No quote
102ALEXAlexander & Baldwin, Inc. Common0.01%Add +0.1%596,913$20.8MNo quoteNo quote
103SBACSBA Communications Corp. Common0.01%Add +3.6%490,795$19.78M$40.30No quote
104KSSKohls Corp. Common0.01%Add +17.2%366,600$19.31MNo quoteNo quote
105SHWThe Sherwin Williams Co. Common0.01%Reduce -7.9%229,088$17.21M$75.14No quote
106HRSHarris Corporation Common0.01%Reduce -9.2%357,026$15.81MNo quoteNo quote
107PWRQuanta Services, Inc. Common0.01%Add +4.5%782,090$14.92M$19.08No quote
108AESPRCAES Trust III,6.75%,10/15/29 PreferredPREF0.01%-288,810$14.09MNo quoteNo quote
109CSACogdell Spencer, Inc. Common0.01%Add +0.7%2,049,486$12.95MNo quoteNo quote
110WFMWhole Foods Market Inc. Common0.01%-329,100$12.21MNo quoteNo quote
111WCNWaste Connections Inc. Common0.01%Add +0.3%285,800$11.34M$39.66No quote
112UHSUniversal Health Services, Inc. Common0.00%-290,000$11.27M$38.86No quote
113BSBRBanco Santander Brasil SA ADR0.00%Reduce -5.8%805,812$11.1MNo quoteNo quote
114ALTRAltera Corp. Common0.00%Reduce -2.9%367,148$11.07MNo quoteNo quote
115AVPAvon Products, Inc. Common0.00%Add +9.6%310,980$9.99MNo quoteNo quote
116ACEAce Limited Common0.00%Reduce -31.2%169,860$9.89MNo quoteNo quote
117IBNICICI Bank Limited ADR0.00%Reduce -1.6%194,300$9.69M$49.85No quote
118NBRNabors Industries Ltd. Common0.00%Add +10.7%522,300$9.43M$18.06No quote
119FCXFreeport-McMoRan Copper & Gold Common0.00%New110,157$9.41M$85.39No quote
120PCLPlum Creek Timber Company, Inc. Common0.00%New260,000$9.18MNo quoteNo quote
121IBMIBM Common0.00%Reduce -7.5%62,671$8.41M$134.15No quote
122EGPEastgroup Properties, Inc. Common0.00%New218,943$8.18M$37.38No quote
123AMZNAmazon.Com, Inc. Common0.00%Reduce -88.5%51,582$8.1M$157.05No quote
124GEGeneral Electric Co. Common0.00%Add +5.2%442,900$7.2M$16.25No quote
125AESAES Corp. Common0.00%Add +0.4%582,900$6.62M$11.35No quote
126LPTLiberty Property Trust Common0.00%New200,000$6.38MNo quoteNo quote
127SCHSSchool Specialty Inc. Common0.00%Add +139.0%479,564$6.24MNo quoteNo quote
128IRFInternational Rectifier Corp. Common0.00%Add +0.4%292,800$6.18MNo quoteNo quote
129MASMasco Corp. Common0.00%Add +0.3%559,500$6.16M$11.01No quote
130AMBAMB Property Corp. Common0.00%Add +1258.7%227,605$6.03MNo quoteNo quote
131TSNTyson Foods Inc. Common0.00%-375,400$6.01M$16.02No quote
132TOLToll Brothers, Inc. Common0.00%New302,637$5.76M$19.02No quote
133USBUS Bankcorp Common0.00%Add +42.5%232,760$5.03M$21.62No quote
134FCSFairchild Semiconductor Intl Common0.00%Add +15.4%514,197$4.83MNo quoteNo quote
135RYAAYRyanair Holdings PLC ADR0.00%Reduce -1.1%149,599$4.61M$30.81No quote
136FMDThe First Marblehead Corp. Common0.00%-1,930,844$4.52MNo quoteNo quote
137CSCOCisco Systems, Inc. Common0.00%Reduce -12.8%198,451$4.35M$21.90No quote
138WUWestern Union Company Common0.00%Add +9.9%231,890$4.1M$17.67No quote
139SVASinovac Biotech Ltd. Foreign0.00%New1,045,300$4.07MNo quoteNo quote
140TROWT. Rowe Price Group, Inc. Common0.00%-69,260$3.47M$50.07No quote
141EQRPREEquity Residential - Series E PreferredPREF0.00%-63,200$3.29MNo quoteNo quote
142CCitigroup Inc. Common0.00%Reduce -78.7%737,060$2.88M$3.91No quote
143VALEPVale SA-Sp Pref ADR ADR0.00%Add +8.1%84,309$2.34MNo quoteNo quote
144JCIJohnson Controls, Inc. Common0.00%Reduce -13.9%75,469$2.3M$30.50No quote
145RNRRenaissanceRe Holdings Ltd Common0.00%Reduce -15.2%34,235$2.05M$59.97No quote
146CISGCNINSURE Inc. ADR0.00%Add +14.6%85,680$1.99MNo quoteNo quote
147HRBH & R Block, Inc. Common0.00%Reduce -98.2%121,572$1.57M$12.95No quote
148INTCIntel Corp. Common0.00%Add +48.6%81,738$1.57M$19.20No quote
149CFNCarefusion Corp. Common0.00%Reduce -98.4%47,160$1.17MNo quoteNo quote
150LHLaboratory Corp of America Common0.00%Reduce -1.5%14,250$1.12M$78.46No quote
151SLGSL Green Realty Corp. Common0.00%Add +3.0%14,643$927KNo quoteNo quote
152PCARPACCAR Inc Common0.00%Reduce -98.9%14,510$699K$48.17No quote
153SESpectra Energy Corp. Common0.00%-22,500$507K$22.53No quote
154WRBW.R. Berkley Corp. Common0.00%-18,350$497K$27.08No quote
155CLColgate-Palmolive Co. Common0.00%New5,612$431K$76.80No quote
156GLAClark Holdings, Inc. Common0.00%-1,493,715$430KNo quoteNo quote
157EQREquity Residential - COM Common0.00%Reduce -1.4%8,836$420K$47.53No quote
158CMECME Group Inc. Common0.00%-1,489$388K$260.58No quote
159TDToronto Dominion Bank Foreign0.00%-3,600$260K$72.22No quote
160WYNNWynn Resorts, Ltd. Common0.00%New2,476$215K$86.83No quote
161CXCemex SA ADR0.00%New23,400$199K$8.50No quote
170UNHUnitedHealth Group Inc. Common-Sold0$0No quoteNo quote
169URIUnited Rentals, Inc. Common-Sold0$0No quoteNo quote
168UPSUnited Parcel Service, Inc. B Common-Sold0$0No quoteNo quote
167MILMillipore Corporation Common-Sold0$0No quoteNo quote
166LBTYKLiberty Global, Inc. - Class C Common-Sold0$0No quoteNo quote
165FCXPRMFreeport-Mc C&G 6.75 5/01/10 PreferredPREF-Sold0$0No quoteNo quote
164CUZCousins Properties, Inc. Common-Sold0$0No quoteNo quote
163CAHCardinal Health Inc. Common-Sold0$0No quoteNo quote
162BROBrown & Brown, Inc. Common-Sold0$0No quoteNo quote

Other instruments

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

1-Level 3 Communications,15% 1/15/201 BondBondOTHER40,000,000$44.9M
2-Tyson Foods Inc 3.25 10/15/13 BondBondOTHER14,000,000$16.5M
3-Transocean Inc. Series C BondBondOTHER13,000,000$12.43M
4-Allegheny Tech. 4.25 6/1/14 BondBondOTHER9,055,000$12.29M
5-School Specialty SCHS 3.75 BondBondOTHER11,500,000$11.16M
6-US Steel Corp. 4% 05/15/14 BondBondOTHER6,100,000$9.41M
7INTCIntel Corp 2.95 12/15/2035 BondBondOTHER9,500,000$9.39M
8-Valeant Pharm 4.00 11/15/13 BondBondOTHER3,900,000$7.45M
9-United Rental 4% CV BondBondOTHER2,700,000$4.08M
10-United Rental NA 1 7/8 10/23/10 BondBondOTHER3,720,000$3.7M
11WFCWSWells Fargo & Co. Warrants WarrantWarrantOTHER385,700$3.04M
12-Nabors 0.94 Cpn Conv. BondBondOTHER2,500,000$2.48M
13-Janus Capital GR JNS3.25 BondBondOTHER250,000$285K
14-School Specialty, Inc., Notes BondBondOTHER0$0