DAVIS-REA LTD.

Fundamental concentrated ★Highest signal CIK 1482171
League rank
#735
in Fundamental concentrated · #5709 overall
Long book
$383.7M
Q1 2026
Positions
54
Top-10 weight
49%
concentration
Last quarter
+9.3%
SPY +14.8%
Turnover
15%
of book per quarter

Strategy in plain words

auto-generated from filings

DAVIS-REA LTD. is a concentrated fundamental stock-picker, running a $383.7M US long book across 54 positions.

The portfolio is moderately concentrated (top 10 ≈ 49% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: JPMORGAN CHASE & CO, ALPHABET INC-CL A, MICROSOFT CORP, META PLATFORMS INC-CLASS A, AMAZON.COM INC.

Over the last 9 quarters its long book ran on average 1pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+1.0%
Q2 2024
+5.7%
Q3 2024
+5.1%
Q4 2024
-3.6%
Q1 2025
+11.2%
Q2 2025
+7.0%
Q3 2025
+3.4%
Q4 2025
-7.3%
Q1 2026
+9.3%

Sector allocation

Technology
30%
Financials
24%
Other
8%
Consumer discretionary
8%
Services media
8%
Healthcare
7%
Industrials
5%
Energy
3%

Long book by quarter

$219.6M
Q1 2024
$200.0M
Q2 2024
$229.8M
Q3 2024
$197.6M
Q4 2024
$375.5M
Q1 2025
$402.8M
Q2 2025
$412.0M
Q3 2025
$399.5M
Q4 2025
$383.7M
Q1 2026

What does DAVIS-REA LTD. own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
JPM JPMORGAN CHASE & COFinancials107.2K$31.5M8.2%+23.3%
GOOGL ALPHABET INC-CL ATechnology102.2K$29.4M7.7%-4.7%
MSFT MICROSOFT CORPTechnology61.7K$22.8M6.0%+39.4%
META META PLATFORMS INC-CLASS ATechnology33.6K$19.2M5.0%-10.3%
AMZN AMAZON.COM INCConsumer discretionary90.7K$18.9M4.9%-9.9%
BAC BANK OF AMERICA CORPFinancials295.8K$14.4M3.8%+9.1%
TMO THERMO FISHER SCIENTIFIC INCOther28.2K$13.9M3.6%+2.4%
PNC PNC FINANCIAL SERVICES GROUPFinancials63.7K$13.3M3.5%+1.9%
NET CLOUDFLARE INC - CLASS ATechnology63.4K$13.1M3.4%-11.4%
RY ROYAL BANK OF CANADAFinancials76.8K$12.4M3.2%-5.0%
SYK STRYKER CORPHealthcare35.3K$11.6M3.0%+0.6%
TRI4EUR THOMSON REUTERS CORP126.0K$11.3M3.0%New
SNPS SYNOPSYS INCTechnology28.2K$11.2M2.9%-8.6%
NFLX NETFLIX INCServices media110.5K$10.6M2.8%+174.2%
FTS FORTIS INCUtilities160.3K$8.9M2.3%-3.1%
CHTR CHARTER COMMUNICATIONS INC-ACommunications38.8K$8.4M2.2%+4.2%
TD TORONTO-DOMINION BANKFinancials73.7K$6.9M1.8%-8.1%
MCD MCDONALD'S CORPConsumer discretionary21.8K$6.8M1.8%+1.8%
SHOP SHOPIFY INC - CLASS ATechnology56.1K$6.7M1.7%New
BN BROOKFIELD CORPReal estate156.4K$6.3M1.6%+2.1%
ENB ENBRIDGE INCEnergy105.9K$5.7M1.5%-0.8%
RTX RTX CORPIndustrials29.0K$5.6M1.5%-7.1%
AAPL APPLE INCTechnology21.6K$5.5M1.4%+1.5%
JNJ JOHNSON & JOHNSONHealthcare22.2K$5.4M1.4%-6.2%
LIN LINDE PLCMaterials10.9K$5.4M1.4%+2.1%
V VISA INC-CLASS A SHARESServices media17.6K$5.3M1.4%+2.0%
CB CHUBB LTDFinancials16.3K$5.3M1.4%-0.5%
BNS BANK OF NOVA SCOTIAFinancials75.4K$5.2M1.4%-6.6%
PBA PEMBINA PIPELINE CORPEnergy116.6K$5.2M1.4%-0.7%
CNI CANADIAN NATL RAILWAY COIndustrials47.4K$4.9M1.3%+6.2%
HD HOME DEPOT INCConsumer discretionary14.3K$4.7M1.2%-37.1%
SPGI S&P GLOBAL INCServices media9.9K$4.2M1.1%+10.5%
ABT ABBOTT LABORATORIESHealthcare40.8K$4.2M1.1%+11.7%
OTIS OTIS WORLDWIDE CORPIndustrials52.2K$4.0M1.0%+9.8%
XYL XYLEM INCIndustrials32.6K$3.9M1.0%+7.8%
DIS WALT DISNEY CO/THEServices media37.3K$3.6M0.9%+11.5%
CTAS CINTAS CORPOther21.2K$3.6M0.9%+16.4%
GIB CGI INCServices media45.4K$3.3M0.9%+7.6%
ZTS ZOETIS INCHealthcare27.6K$3.3M0.9%+7.1%
ROK ROCKWELL AUTOMATION INCOther5.6K$2.0M0.5%Held
ACN ACCENTURE PLC-CL AServices media8.9K$1.8M0.5%-76.0%
DHR DANAHER CORPTechnology9.0K$1.7M0.4%-26.8%
ROP ROPER TECHNOLOGIES INCTechnology3.2K$1.1M0.3%-66.7%
GOOG ALPHABET INC-CL CTechnology2.0K$581K0.2%-3.2%
BMO BANK OF MONTREALFinancials3.7K$503K0.1%-2.0%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials977$468K0.1%-4.9%
NEM NEWMONT CORPMaterials3.6K$386K0.1%-2.7%
UBER UBER TECHNOLOGIES INCServices media5.0K$360K0.1%New
CNQ CANADIAN NATURAL RESOURCESEnergy4.4K$218K0.1%New
BTE BAYTEX ENERGY CORPEnergy19.8K$88K0.0%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 30, 202654$383.7M canonicalSEC ↗
Q4 202513F-HRJan 28, 202656$399.5M canonicalSEC ↗
Q3 202513F-HROct 28, 202558$412.0M canonicalSEC ↗
Q2 202513F-HRJul 24, 202560$403.0M canonicalSEC ↗
Q1 202513F-HRMay 6, 202551$375.5M canonicalSEC ↗
Q4 202413F-HRFeb 5, 202531$197.6M canonicalSEC ↗
Q3 202413F-HROct 28, 202438$229.8M canonicalSEC ↗
Q2 202413F-HRJul 26, 202434$200.0M canonicalSEC ↗
Q1 202413F-HRMay 6, 202435$219.6M canonicalSEC ↗