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Davis Capital Partners, LLC

SEC CIK
0001583119
Latest filing
Aug 12, 2022

The latest 13F from Davis Capital Partners, LLC covers Q2 2022 (filed Aug 12, 2022): 30 long positions worth $1.76B. The top 10 holdings make up 59.4% of the portfolio, and the largest is Western Alliance Bancorporation (WAL) at 9.3%. Livermore has 6 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2022

Share counts compared with Q1 2022: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
0
Added
7
Est. +$158.3M
Reduced
1
Est. −$9.99M
Sold out
3
Est. −$48.6M

Top 5 holdings

Share of this quarter's portfolio value

  1. WALWestern Alliance Bancorporation
    9.3%$164.1MHistory
  2. Signature BK New York N Y82669G104
    8.2%$143.4M
  3. ACGLArch Capital Group Ltd.
    7.8%$136.5MHistory
  4. GPNGlobal Payments Inc
    6.9%$121.7MHistory
  5. GOOGAlphabet Inc.
    6.2%$109.4MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. Signature BK New York N Y82669G104
    +$53.8MAdded
  2. STTState Street Corp
    +$49.3MAddedHistory
  3. WALWestern Alliance Bancorporation
    +$19.4MAddedHistory
  4. CGCarlyle Group Inc.
    +$15.8MAddedHistory
  5. TCBKTrico Bancshares
    +$13.6MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. STTState Street Corp
    +2.65 pp0.9% → 3.5%History
  2. TCBKTrico Bancshares
    +1.21 pp1.4% → 2.6%History
  3. WALWestern Alliance Bancorporation
    +0.97 pp8.4% → 9.3%History
  4. Signature BK New York N Y82669G104
    +0.92 pp7.2% → 8.2%
  5. CGCarlyle Group Inc.
    +0.29 pp2.4% → 2.7%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. CCitigroup Inc
    −$32.0MSold outHistory
  2. Bank of the Ozarks063904106
    −$16.6MSold out
  3. USBUS Bancorp DE
    −$9.99MReducedHistory
  4. WFCWells Fargo & Company
    −$17.2KSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. CCitigroup Inc
    −1.58 pp1.6% → 0.0%History
  2. Bank of the Ozarks063904106
    −0.82 pp0.8% → 0.0%
  3. USBUS Bancorp DE
    −0.57 pp3.2% → 2.6%History
  4. WFCWells Fargo & Company
    0.00 pp<0.1% → 0.0%History

Metrics

13F metrics for Q2 2022, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.76B
−$271.1M (−13.4%) vs. prior quarter
Positions
30
−3 vs. prior quarter
Top 10 concentration
59.4%
Top 10 as share of value
Turnover
3.1%
Q2 2022, one quarter
Average holding period
5.4 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

6 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $2.10B (Q4 2021)

Q1 2021: $1.74BQ2 2021: $1.86BQ3 2021: $1.92BQ4 2021: $2.10BQ1 2022: $2.03BQ2 2022: $1.76B
Q1 2021Q2 2022
13F filings of Davis Capital Partners, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2022Aug 12, 202230$1.76BWALSignature BK New York N YACGLvs. Q1 2022SEC
Q1 2022May 10, 202233$2.03BWALGPNSignature BK New York N Yvs. Q4 2021SEC
Q4 2021Feb 11, 202233$2.10BWALSignature BK New York N YGPNvs. Q3 2021SEC
Q3 2021Nov 10, 202135$1.92BWALMETASignature BK New York N Yvs. Q2 2021SEC
Q2 2021Aug 10, 202133$1.86BWALMETASignature BK New York N Yvs. Q1 2021SEC
Q1 2021May 10, 202132$1.74BWALMETASignature BK New York N Y–SEC

13D and 13G filings

Companies where Davis Capital Partners, LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Davis Capital Partners, LLC does not currently report owning 5% or more of any company.

Latest filings

1 filing on file made by Davis Capital Partners, LLC or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Davis Capital Partners, LLC
CompanyFiled (ET)FilerFormStakeChangeEvent dateFiling
FSBCFive Star BancorpFeb 13, 20251:21 PM ETDavis Partnership, LPand 3 others13G/A7.10%1.51M shares–Dec 31, 2024SEC