Davis New York Venture Fund A
NYVTX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Mortimer J. Buckley
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Tucson AZ 85756 Tucson AZ United States of America 19355
- IPO Date
- Jan 2, 1980
- CIK
- 0000071701
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Davis New York Venture Fund Class A (NYVTX) is a large-cap value mutual fund that seeks long-term growth of capital by investing principally in common stocks of durable, well-managed large companies with market capitalizations of at least $10 billion, selected at value prices for long-term holding; the fund employs the Davis Investment Discipline, focusing on businesses offering attractive earnings growth, competitive advantages, and undervaluation relative to intrinsic value, with a historical emphasis on financial services companies and opportunities in foreign issuers. Core offerings include Class A shares (ticker: NYVTX, front-end load of 4.75%, net expense ratio of 0.91%), Class C shares (ticker: NYVCX, net expense ratio of 1.75%), Class Y shares (ticker: DNVYX, net expense ratio of 0.67%), and Class R shares (ticker: NYVRX, net expense ratio of 1.20%), all providing access to a concentrated portfolio of approximately 43 holdings diversified across financials (34%), health care (14%), consumer discretionary (13%), information technology (12%), and communication services (12%), with top positions in companies such as Capital One Financial Corp, Meta Platforms Inc Class A, Applied Materials Inc, Berkshire Hathaway Inc Class A, and U.S. Bancorp. The fund targets individual and institutional investors seeking a core equity allocation, with total net assets of approximately $6.8 billion and operations available primarily to U.S. investors; it was founded on February 17, 1969, and is managed by Davis Selected Advisers, L.P. from its headquarters in New York. In recent developments, the fund announced the conversion and closure of its Class B shares to Class A shares effective July 29, 2025, streamlining share class offerings without altering investment objectives or strategies; Davis Selected Advisers reconfirmed an expense cap through December 1, 2026, limiting Class A total annual operating expenses at 1.00%; portfolio managers continued to emphasize selective investments in undervalued financials amid market transitions, with the fund delivering a year-to-date return of 22.05% and outperforming the S&P 500 in the first half of 2025 by 11.51% versus 6.20%.