Chris Davis acquired 8.19M Wells Fargo shares worth $671M. That's 2.94% of their equity portfolio (13th largest holding). The first Wells Fargo trade was made in Q3 1999. Since then Chris Davis bought shares 30 more times and sold shares on 51 occasions. The stake costed the investor $269M, netting the investor a gain of 150% so far.
Mastercard and Wells Fargo have both done well this year. Richard Davis, a former U.S. Bancorp CEO who sits on both boards, bought their shares.
Davis Funds, an investment management firm, released its “Davis New York Venture Fund” third quarter 2023 investor letter, a copy of which can be downloaded ...
Davis Selected Advisers'' 13F portfolio grew by 8% to $16.41B in Q2 2023. Top holdings include Meta Platforms, Berkshire Hathaway, and Wells Fargo.
Chris Davis, chairman of Davis Advisors, makes the case for Capital One, Wells Fargo, BNY Mellon, and more.