Davis Capital Partners 13F annual report
Davis Capital Partners is an investment fund managing more than $1.76 billion ran by Lansing Davis. There are currently 30 companies in Davis’s portfolio. The largest investments include Western Alliance Bancorp and Signature Bank New York, together worth $308 million.
$1.76 billion Assets Under Management (AUM)
As of 5th August 2022, Davis Capital Partners’s top holding is 2,325,000 shares of Western Alliance Bancorp currently worth over $164 million and making up 9.3% of the portfolio value.
Relative to the number of outstanding shares of Western Alliance Bancorp, Davis Capital Partners owns less than approximately 0.1% of the company.
In addition, the fund holds 800,000 shares of Signature Bank New York worth $143 million.
The third-largest holding is Arch Capital Ltd worth $136 million and the next is Global Payments worth $122 million, with 1,100,000 shares owned.
Currently, Davis Capital Partners's portfolio is worth at least $1.76 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Davis Capital Partners
The Davis Capital Partners office and employees reside in Sausalito, California. According to the last 13-F report filed with the SEC, Lansing Davis serves as the Chief Compliance Officer at Davis Capital Partners.
Recent trades
In the most recent 13F filing, Davis Capital Partners revealed that it had opened a new position in
Carlyle Group and bought 1,500,000 shares worth $47.5 million.
The investment fund also strengthened its position in Western Alliance Bancorp by buying
588,965 additional shares.
This makes their stake in Western Alliance Bancorp total 2,325,000 shares worth $164 million.
Western Alliance Bancorp dropped 1.0% in the past year.
On the other hand, there are companies that Davis Capital Partners is getting rid of from its portfolio.
Davis Capital Partners closed its position in Avalon Bay on 12th August 2022.
It sold the previously owned 400,000 shares for $101 million.
Lansing Davis also disclosed a decreased stake in ServisFirst Bancshares Inc by approximately 0.1%.
This leaves the value of the investment at $78.9 million and 1,000,000 shares.
One of the largest hedge funds
The two most similar investment funds to Davis Capital Partners are Rnc Capital Management and Hawk Ridge Capital Management L.P.. They manage $1.76 billion and $1.76 billion respectively.
Lansing Davis investment strategy
Davis Capital Partners’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Finance — making up 44.9% of
the total portfolio value.
The fund focuses on investments in the United States as
60.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
40% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $89.5 billion.
The complete list of Davis Capital Partners trades based on 13F SEC filings
These positions were updated on August 12th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Western Alliance Bancorp |
33.93%
2,325,000
|
$164,145,000 | 9.34% |
| Signature Bank New York |
60.00%
800,000
|
$143,368,000 | 8.16% |
| Arch Capital Group Ltd |
No change
3,000,000
|
$136,470,000 | 7.77% |
| Global Payments, Inc. |
10.00%
1,100,000
|
$121,704,000 | 6.93% |
| Alphabet Inc |
16.28%
50,000
|
$109,372,000 | 6.23% |
| Avalon Bay |
Closed
400,000
|
$101,036,000 | |
| Chubb Limited |
No change
450,000
|
$88,461,000 | 5.04% |
| Meta Platforms Inc |
25.00%
500,000
|
$80,625,000 | 4.59% |
| ServisFirst Bancshares Inc |
6.69%
1,000,000
|
$78,920,000 | 4.49% |
| State Street Corp. |
400.00%
1,000,000
|
$61,650,000 | 3.51% |
| Visa Inc |
No change
300,000
|
$59,067,000 | 3.36% |
| Alibaba |
No change
500,000
|
$56,840,000 | 3.24% |
| Berkshire Hathaway Inc Del Cl B Frmly |
No change
200,000
|
$54,604,000 | 3.11% |
| Pacwest Bancorp |
No change
2,030,000
|
$54,119,000 | 3.08% |
| Berkshire Hathaway Inc Del Cl A Frmly |
No change
120
|
$49,074,000 | 2.79% |
| Carlyle Group |
Opened
1,500,000
|
$47,490,000 | 2.70% |
| KKR & Co. Inc |
No change
1,000,000
|
$46,290,000 | 2.63% |
| Us Bancorp Del Com New |
17.84%
1,000,000
|
$46,020,000 | 2.62% |
| Trico Bancshares |
Opened
1,000,800
|
$45,676,000 | 2.60% |
| Glacier Bancorp, Inc. |
No change
789,353
|
$37,431,000 | 2.13% |
| Citigroup Inc |
Closed
600,000
|
$36,234,000 | |
| Goldman Sachs Group, Inc. |
No change
120,000
|
$35,642,000 | 2.03% |
| Markel Corp |
No change
25,000
|
$32,331,000 | 1.84% |
| Sterling Bancorp. |
Closed
1,250,000
|
$32,237,000 | |
| Axos Financial Inc. |
15.56%
866,721
|
$31,071,000 | 1.77% |
| Schwab Charles |
No change
433,479
|
$27,387,000 | 1.56% |
| Raymond James Financial, Inc. |
No change
300,000
|
$26,823,000 | 1.53% |
| Mastercard Incorporated |
No change
85,000
|
$26,815,000 | 1.53% |
| Jones Lange Lasalle Inc. |
No change
150,000
|
$26,229,000 | 1.49% |
| Bank Of The Ozarks |
Closed
533,635
|
$24,830,000 | |
| Webster Financial Corp. |
Opened
578,750
|
$24,394,000 | 1.39% |
| Five Star Bancorp |
33.58%
850,000
|
$22,457,000 | 1.28% |
| Southern States Bancshares |
4.09%
800,000
|
$17,992,000 | 1.02% |
| Wells Fargo & Co. |
Closed
355
|
$17,033,000 | |
| Trico Bancshares |
Closed
270,280
|
$11,611,000 | |
| Timberland Bancorp, Inc. |
No change
174,476
|
$4,361,000 | 0.25% |
| No transactions found | |||
| Showing first 500 out of 36 holdings | |||
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