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Christopher Davis' Clipper Fund exited its entire CTRA position, 6% of the portfolio.

Sold out of a position that was 2,279,870 shares worth $80.11M as of the previous filing.
Published · Based on SEC filings

Medium impact
Position exited
2026 Q2

Christopher Davis' Clipper Fund sold its entire Coterra Energy Inc (CTRA) position in 2026 Q2, according to the NPORT-P filed with the SEC on August 27, 2026. The prior filing listed 2.28M shares worth about $80.1M, 6% of the portfolio; the 2026 Q2 filing lists none. CTRA had been in the portfolio for 1 year, since the quarter ended June 30, 2025.

What did the 2026 Q2 filing report for CTRA?

As of June 30, 2026, from the NPORT-P filed August 27, 2026.

Before After
Shares 2.28M 0
Reported value $80.1M $0
Portfolio weight 6% 0%
Held since 2025 Q2 sold out in 2026 Q2
Quarters held 4

What did Christopher Davis sell?

Christopher Davis sold 2.28M shares of CTRA between the quarter ended March 31, 2026 and June 30, 2026. The CTRA exit was the largest of the quarter's 16 position changes by percent change to portfolio.

Where does CTRA sit in the Christopher Davis portfolio?

Before the sale, CTRA carried 6% of the Christopher Davis portfolio, above the fund's average stock position of 3%. The largest stock position is GOOGL at 7.75%. Next come COF at 6.97% and MKL at 5.92%. The three largest stocks together are 20.64% of the book. Across the 2026 Q2 portfolio, Christopher Davis reported 32 stock positions, with 2 opened and 2 closed. The total portfolio value is about $1.5B, up 10% from the prior quarter.

Christopher Davis buys and sells, 2026 Q2

How long has Christopher Davis held CTRA?

Christopher Davis held CTRA for 1 year, from the quarter ended June 30, 2025 to March 31, 2026. The weight peaked at 6% in 2026 Q1. Last quarter the fund had added to the position by 23%. Every reported trade is on the Christopher Davis CTRA trade history page.

Christopher Davis shares of CTRA by quarter

FAQ

How many CTRA shares did Christopher Davis sell?

Christopher Davis sold all 2.28M shares of CTRA it reported a quarter earlier, worth about $80.1M.

When did Christopher Davis first buy CTRA?

Christopher Davis first reported CTRA in the quarter ended June 30, 2025.

How much of the Christopher Davis portfolio was CTRA?

CTRA was 6% of the Christopher Davis portfolio at the prior quarter-end, and 0% after the sale.

Source: based on original SEC filings

Figures are from the fund's N-PORT report, which lists its positions at period-end values.
Stocks mentioned
Alan Irwin
Alan Irwin
Valuesider analyst