Davis New York Venture Fund’s Q4 2022 Investor Letter

Investment management firm, Davis Advisers, released its “Davis New York Venture Fund” 2022 annual investor letter. A copy of the same can be downloaded here. The fund’s portfolio of durable companies trades at 9.8 times forward earnings now compared to 17.8 times for the S&P 500 Index. The firm believes that holdings of the fund have significant earnings prospects in the years ahead. In addition, please check the fund’s top five holdings to know its best picks in 2022.