2025 Message on the Markets and Davis Large Cap SMA
PM Chris Davis on the big technological and market transitions unfolding – and the advantages our investment discipline has in this environment
New: Davis Large Cap Value SMA Commentary
- A market in transition, from the end of the “easy money” bubble, to AI-driven technological change
- A market highly concentrated among richly valued tech names
- A market that may be particularly well-suited to our discipline focused on durable growth, strong fundamentals and discounted valuations
The Most Important Things We Believe Equity Investors Should Focus on Today (6:07)
Why we believe selectivity is more important in a time of great market and economic transition and highs in both market concentration and valuations
Rigorous Research & Selectivity are Critical in Today’s Market (2:18)
Why we’re focused intently on identifying resilient companies with above average growth prospects - and not overpaying
Investment Themes in the Portfolio Today (1:58)
Why we see tailwinds and opportunities across Financials, Tech, Healthcare and Industrials
Undervalued & Underappreciated – The Opportunity Today in Select Financials (3:58)
Why the best-run Financials continue to be significantly undervalued, as investors misunderstand their durability and earnings power
Mastering the Mental Game of Investing
A video series with Chris Davis and Morgan Housel on developing the mindset of a successful investor.
Watch the Series
The Wisdom of Great Investors
History’s greatest investors share some of their best advice on building wealth
Other Ways to Invest
Our Mission
For more than half a century, helping investors reach their financial goals through rigorous research, uncommon stewardship and long term results.
Portfolios, Factsheets & Commentaries
| Portfolio | Factsheet | Portfolio Manager Commentary |
|---|---|---|
| Large Cap Value SMA Portfolio | ||
| All-Cap SMA Portfolio | ||
| International ADR SMA Portfolio | ||
| Global ADR SMA Portfolio |