Capital One

Berkshire Hathaway Inc. - Ordinary Shares - Class B

Amazon

Markel

MGM Resorts

Alphabet

Viatris

CVS Health

U.S. Bancorp

Davis Select U.S. Equity ETF

DUSA is an actively-managed portfolio of US large-cap stocks. The fund seeks long-term capital growth and capital preservation.

DUSA is an actively managed portfolio of US large-cap stocks. The investment process targets companies considered to have long-term value potential.

FMC Excelsior Focus Equity ETF

JPMorgan Active Value ETF

Fortune recently published an article about Berkshire Hathaway's (NYSE:BRK.B) net worth is $663 billion, 10 times higher than Nvidia's (NASDAQ:NVDA) and nearly 12 times Apple's (NASDAQ:AAPL).

Forget Berkshire Hathaway: Buy These 3 Cheap Active ETFs Instead

DUSA is an actively managed vehicle, placing bets on just a handful of high-quality U.S. and international stocks. In the current iteration, there are 26 equities in its portfolio, with most net assets allocated to financials. Its bet on value in tech via INTC has backfired. The stock has been the key detractor from its performance, potentially leading to its inability to beat IVV in 2024.

DUSA: Reexamination Finds The Same Issues, A Hold

Apple

VanEck Morningstar Wide Moat ETF

Invesco QQQ

SPDR S&P 500 ETF Trust

American Century STOXX U.S. Quality Value ETF

Vanguard Growth ETF

Warren Buffett remains one of the most famous investors. But his long-term performance isn't keeping up with his reputation.

Warren Buffett Lost His Touch? 26 ETFs School The Famous Investor

Grizzle Growth ETF

American Century Focused Dynamic Growth ETF

Xtrackers Russell 1000 US Quality at a Reasonable Price ETF

VanEck Vectors Semiconductor ETF

Invesco S&P 500 Enhanced Value ETF

Financial Select Sector SPDR Fund

Technology Select Sector SPDR Fund

This has been an interesting week to try and make sense of the investment opportunity set right in front of us.

Berkshire Hathaway vs Nvidia: The Battle Between Value & Growth

Davis Select U.S. Equity ETF is an actively managed ETF with a portfolio of only 26 companies and a 0.61% expense ratio. The DUSA ETF is overweight in its top holdings and in financials. DUSA has underperformed the S&P 500 and some passively managed growth and quality ETFs.

DUSA: Unconvincing ETF With A High Fee

DUSA is a high cost, high conviction ETF benchmarked against the S&P 500 Index. It has a 0.61% expense ratio and $521 million in assets under management. Recent results for active large-cap blend funds are encouraging, but for the most part, active funds have lagged passive funds over the last five years. DUSA is no different. Despite emphasizing how different DUSA is compared to broad market funds like SPY, ironically, its recent success is because it's overweighted mega-caps like Meta Platforms, Amazon, and Alphabet.

DUSA: High Cost, High Conviction Research Practices Lead To Mixed Results

DUSA is an actively managed vehicle offering exposure to an ultra-minimalist equity portfolio calibrated using sophisticated methods based on the Davis Investment Discipline. It seems DUSA may have finally hit its stride after years of underperformance, as it beat IVV in 2023, with strong momentum lasting into 2024. However, while not being bearish and appreciating its improvements on the growth factor front, I would prefer to maintain a more neutral opinion.

DUSA Has Hit Its Stride, But Concerns Remain

Davis Select Financial ETF

Fidelity Disruptive Finance ETF

Invesco KBW Bank ETF

The Capital One-Discover merger represents a strategic endeavor to create a formidable player in the global payments landscape.

Capital One to Acquire Discover Financial: ETFs in Focus

DUSA is an actively managed ETF with a highly selective investment strategy based on the Davis Investment Discipline. 2023 was grossly successful for the fund as it beat IVV for the first time since its inception in January 2017. Since October, DUSA's portfolio has seen notable changes; its quality exposure increased, yet growth is still mostly soft.

DUSA: Quality-Heavy Portfolio Lags On Growth, Remains A Hold

Davis Select U.S. Equity ETF has an ultra-minimalist, high-conviction approach to portfolio management. It has placed the lion's share of its bets on financials, which is one of the key reasons for its earnings yield being so alluring. After reassessing DUSA's factor exposures, I see no reason for a rating upgrade as its relatively strong EY of about 8% is insufficient to succeed in the current environment.

DUSA: Solid Earnings Yield Does Not Guarantee Strong Performance

DUSA is an actively managed vehicle with a concentrated portfolio of mostly U.S. mega and large caps, with a footprint in developed markets. Almost 44% of its net assets are allocated to the 5 main holdings. The 5 smallest equity positions account for just 4.4%. DUSA has beaten IVV this year amid the growth rotation; nevertheless, the longer-term returns reveal the strategy's weaknesses.

DUSA: Tilting Toward A More Skeptical View Owing To Performance Nuances

In the last five years, many well-established asset managers joined the ETF market, including Capital Group, DoubleLine, Federated, Harbor, Neuberger Berman, and Matthews Asia. But Davis Advisors was ahead of them, launching its first three ETFs in January 2017 and its fourth in March 2018.

Meet an Active ETF: Davis Select U.S. Equity ETF

iShares MSCI ACWI ETF

Dimensional US Small Cap ETF

Dimensional US Core Equity Market ETF 

Davis Select Worldwide ETF

Vanguard Total Stock Market ETF

These ETFs have been outperforming recently, but there are caveats for investors to keep in mind.

Active Management A Mixed Bag For ETFs

ARK Innovation ETF

ARK Web x.0 ETF

Capital Group Growth ETF

JPMorgan Equity Premium Income ETF

Despite representing just 4% of ETF assets at the end of the first quarter of 2022, actively managed ETFs pulled in 11% of the net inflows in the first three months of the year.

The Active ETF Tent Is Growing Larger

Davis Select International ETF

NEW YORK--(BUSINESS WIRE)--Davis ETFs are actively managed ETFs with combined assets of over $1.2 billion and were launched in 2017. Davis Selected Advisers, L.P. announced today plans to transfer the listing of all four ETFs from The Nasdaq Stock Market LLC to CBOE Global Markets, Inc. The transfer is expected to take place on or about March 23, 2021. No shareholder action is required as a result of this change nor is the transfer expected to have any effect on the trading of Fund shares. The

Davis ETFs to Transfer Exchange Listing of All Four Funds to CBOE Global Markets, Inc.

After years as an index fund evangelist at top ETF firms like BlackRock and SSgA, Dodd Kittsley did a 180 of sorts, becoming Director of active manager Davis Advisors. Still opposed to the “closet indexing

The Davis Way: High Conviction, Benchmark Agnostic, Fully Transparent, Active ETFs (Podcast Transcript)

After years as an index fund evangelist at top ETF firms like BlackRock and SSgA, Dodd Kittsley did a 180 of sorts, becoming Director of active manager Davis Advisors. Still opposed to the “closet indexing” that marks many active managers, he was drawn to Davis' unique approach to active management: High-conviction, low turnover, low cost, tax-efficient and fully transparent.

The Davis Way: High Conviction, Benchmark Agnostic, Fully Transparent, Active ETFs (Podcast)

WisdomTree U.S. Earnings 500 Fund

FlexShares STOXX US ESG Impact Index Fund

First Trust Mega Cap AlphaDEX Fund

Wahed FTSE USA Shariah ETF

iShares MSCI USA Quality Factor ETF

SPDR MSCI USA StrategicFactors ETF

The Large Cap Blend style ranks second in Q4'20. Based on an aggregation of ratings of 61 ETFs and 661 mutual funds in the Large Cap Blend style.

Best And Worst Q4 2020: Large Cap Blend ETFs And Mutual Funds

Davis Advisors’ active management exchange traded fund approach is uncovering dominant, growing businesses around the world today that may be overlooked by those unwilling to look beyond the index and think long-term. In the recent webcast, Finding Long-Term Opportunities in a Short-Term World – A Conversation with Davis PMs Chris Davis & Danton Goei, Chris [.

Active ETFs Can Help Investors Refocus on Long-Term Opportunities

Fidelity MSCI Consumer Discretionary ETF

Exchange-traded funds with heavy exposure to tech giants outperformed Wednesday even as the companies faced questioning on Capitol Hill. Shares of Amazon.com Inc.

FANG ETFs outperform as CEOs face Congress

Global X Social Media ETF

Communication Services Select Sector SPDR Fund

While Twitter made headlines recently for telling employees they can keep working from home “forever” if they so desire, Alphabet CEO Sundar Pichai said the company anticipates it will welcome a chunk of its employees back to work by the end of 2020. The Google parent would have employees return on a rotating schedule in an attempt [.

Google Bucks Trend And Reveals Plans To Bring Workers Back To Office

Fidelity MSCI Telecommunication Services Index ETF

Google’s shares rallied as much as 8% in extended trading on Tuesday after the company reported earnings for the first quarter, despite the fact that CEO Sundar Pichai acknowledged during a conference call that the company’s ad sales had been “significantly impacted” during March and that the damage has infected into this month as well. The stock [.

Google Surges In Extended Hours Trading Amid Optimism For Future

Successfully navigating uncertain markets requires separating market psychology from business fundamentals, maintaining a long-term perspective, and keeping emotions in check.

Navigating Today’s Uncertain Market: Opportunities, Risks & Keeping Emotions in Check

Invesco NASDAQ Internet ETF

UP Fintech China-US Internet Titans ETF

Google parent Alphabet (NASDAQ: GOOG GOOGL) joined rivals Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT) in the prestigious $1 trillion market value club on Friday, aka “The Four Comma Club.

4 ETFs For Alphabet's Ascent Into The Four Comma Club

Traditional active money managers have turned to ETFs as a way to expand their businesses and provide their time-tested strategies through the cheap and efficient investment tool that has rocked the financial industry.

News for Davis Select U.S. Equity ETF ETF (DUSA)