Chris Davis acquired 8.64 Million Wells Fargo shares worth $633 Million. That's 3.86% of their equity portfolio (9th largest holding). The first Wells Fargo trade was made in Q3 1999. Since then Chris Davis bought shares 29 more times and sold shares on 47 occasions. The stake costed the investor $281 Million, netting the investor a gain of 125% 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.