0001752724-24-030976.txt : 20240221 0001752724-24-030976.hdr.sgml : 20240221 20240221115319 ACCESSION NUMBER: 0001752724-24-030976 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240221 DATE AS OF CHANGE: 20240221 PERIOD START: 20240331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WILLIAMSBURG INVESTMENT TRUST CENTRAL INDEX KEY: 0000842512 ORGANIZATION NAME: IRS NUMBER: 566344591 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-05685 FILM NUMBER: 24657497 BUSINESS ADDRESS: STREET 1: C/O ULTIMUS FUND SOLUTIONS, LLC STREET 2: 225 PICTORIA DRIVE, SUITE 450 CITY: CINCINNATI STATE: OH ZIP: 45246 BUSINESS PHONE: 513-587-3400 MAIL ADDRESS: STREET 1: C/O ULTIMUS FUND SOLUTIONS, LLC STREET 2: 225 PICTORIA DRIVE, SUITE 450 CITY: CINCINNATI STATE: OH ZIP: 45246 FORMER COMPANY: FORMER CONFORMED NAME: NOTTINGHAM INVESTMENT TRUST /NC/ DATE OF NAME CHANGE: 19940125 FORMER COMPANY: FORMER CONFORMED NAME: NOTTINGHAM INVESTMENT TRUST DATE OF NAME CHANGE: 19940125 0000842512 S000030554 Davenport Value & Income Fund C000094748 Davenport Value & Income Fund DVIPX NPORT-P 1 primary_doc.xml NPORT-P false 0000842512 XXXXXXXX S000030554 C000094748 Williamsburg Investment Trust 811-05685 0000842512 549300K2N6TCPDPSAZ53 225 Pictoria Drive Suite 450 Cincinnati 45246 513-587-3400 DAVENPORT VALUE & INCOME FUND S000030554 549300Q80FFDLFRQ3039 2024-03-31 2023-12-31 N 819149214.34 800371.55 818348842.79 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 156219.90 N Perrigo Company PLC 549300IFOQS6R1QLY196 Perrigo Company plc G97822103 524618.00000000 NS USD 16882207.24000000 2.062959749835 Long EC CORP US N 1 N N N Coterra Energy Inc FCNMH6O7VWU7LHXMK351 Coterra Energy, Inc. 127097103 712573.00000000 NS USD 18184862.96000000 2.222140731329 Long EC CORP US N 1 N N N Nextera Energy Inc N/A NextEra Energy, Inc. 65339F101 440662.00000000 NS USD 26765809.88000000 3.270709076675 Long EC CORP US N 1 N N N United Parcel Service, Inc. 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ADR 03524A108 288580.00000000 NS USD 18648039.60000000 2.278739655380 Long EC CORP BE N 1 N N N Enbridge Inc. 98TPTUM4IVMFCZBCUR27 Enbridge, Inc. 29250N105 433180.00000000 NS USD 15603143.60000000 1.906661656269 Long EC CORP CA N 1 N N N Fairfax Financial Holdings Limited GLS7OQD0WOEDI8YAP031 Fairfax Financial Holdings Ltd. (Canada) 303901102 26227.00000000 NS USD 24148811.86000000 2.950919045436 Long EC CORP CA N 1 N N N Norfolk Southern Corporation 54930036C8MWP850MI84 Norfolk Southern Corporation 655844108 74214.00000000 NS USD 17542705.32000000 2.143670816493 Long EC CORP US N 1 N N N Chubb Limited E0JAN6VLUDI1HITHT809 Chubb Ltd. H1467J104 52899.00000000 NS USD 11955174.00000000 1.460889705573 Long EC CORP US N 1 N N N Keurig Dr Pepper Inc DYTQ8KRTKO7Y2BVU5K74 Keurig Dr Pepper Inc. 49271V100 606274.00000000 NS USD 20201049.68000000 2.468513257882 Long EC CORP US N 1 N N N Chevron Corp. N/A Chevron Corporation 166764100 152979.00000000 NS USD 22818347.64000000 2.788339940972 Long EC CORP US N 1 N N N Elevance Health Inc. 8MYN82XMYQH89CTMTH67 Elevance Health Incorporated 036752103 50279.00000000 NS USD 23709565.24000000 2.897244304661 Long EC CORP US N 1 N N N Lamar Advertising Company 529900Y8WW4MKVPTB543 Lamar Advertising Company Class A 512816109 206542.00000000 NS USD 21951283.76000000 2.682387096089 Long EC CORP US N 1 N N N McDonald's Corporation UE2136O97NLB5BYP9H04 McDonald's Corporation 580135101 68935.00000000 NS USD 20439916.85000000 2.497702175555 Long EC CORP US N 1 N N N Watsco Inc 549300F1Y3LN5BX5WN75 Watsco, Inc. 942622200 49138.00000000 NS USD 21054158.86000000 2.572760876427 Long EC CORP US N 1 N N N Wells Fargo & Co. PBLD0EJDB5FWOLXP3B76 Wells Fargo & Company 949746101 340290.00000000 NS USD 16749073.80000000 2.046691206026 Long EC CORP US N 1 N N N Walmart Inc Y87794H0US1R65VBXU25 Walmart, Inc. 931142103 71766.00000000 NS USD 11313909.90000000 1.382528978892 Long EC CORP US N 1 N N N 2024-01-22 Davenport Value & Income Fund Jeff S. Romie Jeff S. Romie AVP, Fund Accounting XXXX NPORT-EX 2 davenport_nport_-_5.htm DAVENPORT SOI 12-31-23

 

DAVENPORT CORE LEADERS FUND
SCHEDULE OF INVESTMENTS
December 31, 2023 (Unaudited)
 
COMMON STOCKS - 96.9% Shares Value
Communications - 12.2%
Alphabet, Inc. - Class A (a) 154,884   $ 21,635,746  
Alphabet, Inc. - Class C (a) 54,011   7,611,770  
Electronic Arts, Inc. 124,226   16,995,359  
Meta Platforms, Inc. - Class A (a) 100,693   35,641,294  
Walt Disney Company (The) 294,330   26,575,056  
    108,459,225  
Consumer Discretionary - 7.7%
Amazon.com, Inc. (a) 255,092   38,758,679  
Home Depot, Inc. (The) 34,304   11,888,051  
TJX Companies, Inc. (The) 189,595   17,785,907  
    68,432,637  
Consumer Staples - 2.1%
Costco Wholesale Corporation 28,093   18,543,627  
   
 
Energy - 2.5%
EOG Resources, Inc. 184,565   22,323,137  
   
 
Financials - 14.9%
Aon plc - Class A 59,578   17,338,390  
Berkshire Hathaway, Inc. - Class B (a) 66,368   23,670,811  
Brookfield Corporation 951,791   38,185,855  
Intercontinental Exchange, Inc. 149,247   19,167,792  
JPMorgan Chase & Company 102,325   17,405,482  
Markel Group, Inc. (a) 12,065   17,131,094  
    132,899,424  
Health Care - 11.5%
Abbott Laboratories 178,474   19,644,633  
Danaher Corporation 115,734   26,773,904  
Novo Nordisk A/S - ADR 133,766   13,838,093  
UnitedHealth Group, Inc. 42,433   22,339,701  
Vertex Pharmaceuticals, Inc. (a) 48,396   19,691,848  
    102,288,179  
Industrials - 5.2%
Honeywell International, Inc. 84,384   17,696,169  
Republic Services, Inc. 78,202   12,896,292  
Union Pacific Corporation 66,389   16,306,466  
    46,898,927  
Materials - 8.2%
Air Products & Chemicals, Inc. 77,527   21,226,893  
Martin Marietta Materials, Inc. 56,556   28,216,354  
 
 

 

DAVENPORT CORE LEADERS FUND
SCHEDULE OF INVESTMENTS (Continued)
 
COMMON STOCKS - 96.9% (Continued) Shares Value
Materials - 8.2% (Continued)
Sherwin-Williams Company (The) 75,910   $ 23,676,329  
    73,119,576  
Real Estate - 1.9%
American Tower Corporation 79,216   17,101,150  
   
 
Technology - 30.7%
Accenture plc - Class A 78,405   27,513,099  
Adobe, Inc. (a) 42,429   25,313,141  
Advanced Micro Devices, Inc. (a) 107,883   15,903,033  
Analog Devices, Inc. 61,163   12,144,525  
Apple, Inc. 100,802   19,407,409  
Broadcom, Inc. 17,498   19,532,143  
Intuit, Inc. 41,310   25,819,989  
Mastercard, Inc. - Class A 59,798   25,504,445  
Microsoft Corporation 112,531   42,316,157  
NVIDIA Corporation 25,900   12,826,198  
Palo Alto Networks, Inc. (a) 33,942   10,008,817  
ServiceNow, Inc. (a) 23,539   16,630,068  
Visa, Inc. - Class A 77,660   20,218,781  
    273,137,805  
     
Total Common Stocks (Cost $509,697,398) $ 863,203,687  
     
     
MONEY MARKET FUNDS - 3.0% Shares Value
First American Treasury Obligations Fund - Class X, 5.28% (b) (Cost $26,737,730) 26,737,730   $ 26,737,730  
     
Total Investments at Value - 99.9% (Cost $536,435,128) $ 889,941,417  
   
Other Assets in Excess of Liabilities - 0.1% 545,229  
   
Net Assets - 100.0% $ 890,486,646  
 

 

 

 

ADR - American Depositary Receipt.
 

 

 

 

(a) Non-income producing security.
(b) The rate shown is the 7-day effective yield as of December 31, 2023.

 

 

 

 

 

 
 

 

DAVENPORT VALUE & INCOME FUND
SCHEDULE OF INVESTMENTS
December 31, 2023 (Unaudited)
 
COMMON STOCKS - 98.7% Shares Value
Communications - 7.5%
Alphabet, Inc. - Class A (a) 173,065   $ 24,175,450  
Comcast Corporation - Class A 558,833   24,504,827  
Walt Disney Company (The) 140,690   12,702,900  
    61,383,177  
Consumer Discretionary - 5.5%
Lowe's Companies, Inc. 111,807   24,882,648  
McDonald's Corporation 68,935   20,439,917  
    45,322,565  
Consumer Staples - 14.5%
Anheuser-Busch InBev S.A./N.V. - ADR 288,580   18,648,040  
Bunge Global S.A. 128,040   12,925,638  
Diageo plc - ADR 118,039   17,193,561  
Keurig Dr Pepper, Inc. 606,274   20,201,049  
Philip Morris International, Inc. 243,113   22,872,071  
Target Corporation 105,859   15,076,439  
Walmart, Inc. 71,766   11,313,910  
    118,230,708  
Energy - 6.9%
Chevron Corporation 152,979   22,818,348  
Coterra Energy, Inc. 712,573   18,184,863  
Enbridge, Inc. 433,180   15,603,143  
    56,606,354  
Financials - 22.3%
Berkshire Hathaway, Inc. - Class B (a) 68,463   24,418,013  
Brookfield Asset Management Ltd. - Class A 433,924   17,430,727  
Brookfield Corporation 641,892   25,752,707  
Chubb Ltd. 52,899   11,955,174  
Fairfax Financial Holdings Ltd. 26,227   24,148,812  
Fidelity National Financial, Inc. 353,738   18,047,713  
JPMorgan Chase & Company 138,488   23,556,809  
Markel Group, Inc. (a) 14,598   20,727,700  
Wells Fargo & Company 340,290   16,749,074  
    182,786,729  
Health Care - 16.1%
Bristol-Myers Squibb Company 448,965   23,036,394  
Elevance Health, Inc. 50,279   23,709,565  
Johnson & Johnson 206,662   32,392,202  
Medtronic plc 265,903   21,905,089  
Perrigo Company plc 524,618   16,882,207  
 
 

 

DAVENPORT VALUE & INCOME FUND
SCHEDULE OF INVESTMENTS (Continued)
 
COMMON STOCKS - 98.7% (Continued) Shares Value
Health Care - 16.1% (Continued)
Sanofi - ADR 271,069   $ 13,480,262  
    131,405,719  
Industrials - 15.5%
Deere & Company 28,791   11,512,657  
L3Harris Technologies, Inc. 123,059   25,918,687  
Norfolk Southern Corporation 74,214   17,542,705  
RTX Corporation 96,410   8,111,937  
TE Connectivity Ltd. 151,609   21,301,065  
United Parcel Service, Inc. - Class B 138,010   21,699,312  
Watsco, Inc. 49,138   21,054,159  
    127,140,522  
Materials - 1.7%
Avery Dennison Corporation 70,386   14,229,234  
   
 
Real Estate - 2.7%
Lamar Advertising Company - Class A 206,542   21,951,284  
   
 
Technology - 2.7%
Oracle Corporation 205,370   21,652,159  
   
 
Utilities - 3.3%
NextEra Energy, Inc. 440,662   26,765,810  
   
 
Total Common Stocks (Cost $628,825,601) $ 807,474,261  
     
     
MONEY MARKET FUNDS - 1.3% Shares Value
First American Treasury Obligations Fund - Class X, 5.28% (b) (Cost $10,672,413) 10,672,413   $ 10,672,413  
     
Total Investments at Value - 100.0% (Cost $639,498,014) $ 818,146,674  
   
Other Assets in Excess of Liabilities - 0.0% (c) 202,169  
   
Net Assets - 100.0% $ 818,348,843  
 

 

 

 

ADR - American Depositary Receipt.
 

 

 

 

(a) Non-income producing security.
(b) The rate shown is the 7-day effective yield as of December 31, 2023.
(c) Percentage rounds to less than 0.1%.

 

 

 
 

 

DAVENPORT EQUITY OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS
December 31, 2023 (Unaudited)
 
COMMON STOCKS - 95.5% Shares Value
Communications - 3.3%
Take-Two Interactive Software, Inc. (a) 164,705   $ 26,509,270  
   
 
Consumer Discretionary - 22.9%
Cannae Holdings, Inc. (a) 1,055,474   20,592,298  
DraftKings, Inc. - Class A (a) 867,252   30,570,633  
Etsy, Inc. (a) 166,245   13,474,157  
Live Nation Entertainment, Inc. (a) 426,648   39,934,253  
Mobileye Global, Inc. - Class A (a) 657,293   28,473,933  
O'Reilly Automotive, Inc. (a) 28,692   27,259,695  
Pool Corporation 56,391   22,483,655  
    182,788,624  
Financials - 23.7%
Allstate Corporation (The) 160,075   22,407,299  
Brookfield Asset Management Ltd. - Class A 450,587   18,100,080  
Brookfield Corporation 1,035,707   41,552,565  
Fairfax Financial Holdings Ltd. 33,467   30,815,125  
Fidelity National Financial, Inc. 517,074   26,381,115  
Kinsale Capital Group, Inc. 59,493   19,924,801  
Markel Group, Inc. (a) 21,157   30,040,824  
    189,221,809  
Health Care - 4.8%
Align Technology, Inc. (a) 51,772   14,185,528  
Avantor, Inc. (a) 1,076,843   24,584,326  
    38,769,854  
Industrials - 18.7%
Clean Harbors, Inc. (a) 66,442   11,594,793  
Enovis Corporation (a) 609,131   34,123,519  
ESAB Corporation 209,524   18,148,969  
J.B. Hunt Transport Services, Inc. 110,027   21,976,793  
Watsco, Inc. 62,426   26,747,668  
Xylem, Inc. 322,702   36,904,201  
    149,495,943  
Materials - 7.7%
Martin Marietta Materials, Inc. 74,590   37,213,697  
Sherwin-Williams Company (The) 76,796   23,952,672  
    61,166,369  
Real Estate - 6.6%
American Tower Corporation 122,433   26,430,836  
Lamar Advertising Company - Class A 250,222   26,593,594  
    53,024,430  
 
 

 

DAVENPORT EQUITY OPPORTUNITIES FUND
SCHEDULE OF INVESTMENTS (Continued)
 
COMMON STOCKS - 95.5% (Continued) Shares Value
Technology - 7.8%
Alight, Inc. - Class A (a) 3,087,455   $ 26,335,991  
Autodesk, Inc. (a) 72,539   17,661,796  
PTC, Inc. (a) 105,480   18,454,781  
    62,452,568  
     
Total Common Stocks (Cost $543,379,795) $ 763,428,867  
     
     
MONEY MARKET FUNDS - 4.4% Shares Value
First American Treasury Obligations Fund - Class X, 5.28% (b) (Cost $35,475,185) 35,475,185   $ 35,475,185  
     
Total Investments at Value - 99.9% (Cost $578,854,980) $ 798,904,052  
   
Other Assets in Excess of Liabilities - 0.1% 690,691  
   
Net Assets - 100.0% $ 799,594,743  
 

 

 

 

 

 

 

 

(a) Non-income producing security.
(b) The rate shown is the 7-day effective yield as of December 31, 2023.

 

 

 

 

 

 
 

 

 

DAVENPORT SMALL CAP FOCUS FUND
SCHEDULE OF INVESTMENTS
December 31, 2023 (Unaudited)
 
COMMON STOCKS - 91.1% Shares Value
Communications - 7.5%
Cable One, Inc. 29,654   $ 16,505,120  
Liberty Latin America Ltd. - Class C (a) 3,123,065   22,923,297  
Shenandoah Telecommunications Company 856,996   18,528,254  
    57,956,671  
Consumer Discretionary - 18.2%
Cannae Holdings, Inc. (a) 1,317,842   25,711,097  
DraftKings, Inc. - Class A (a) 477,654   16,837,304  
Leslie's, Inc. (a) 3,863,920   26,699,687  
Monarch Casino & Resort, Inc. 614,799   42,513,351  
OneSpaWorld Holdings Ltd. (a) 2,081,858   29,354,198  
    141,115,637  
Consumer Staples - 6.1%
J & J Snack Foods Corporation 194,057   32,434,687  
Seaboard Corporation 4,235   15,119,373  
    47,554,060  
Energy - 5.1%
California Resources Corporation 420,000   22,965,600  
Peyto Exploration & Development Corporation 1,805,208   16,463,497  
    39,429,097  
Financials - 11.2%
Diamond Hill Investment Group, Inc. 102,730   17,011,061  
Kinsale Capital Group, Inc. 95,560   32,003,999  
Stewart Information Services Corporation 653,365   38,385,194  
    87,400,254  
Health Care - 5.0%
Envista Holdings Corporation (a) 550,000   13,233,000  
Perrigo Company plc 798,469   25,694,732  
    38,927,732  
Industrials - 8.1%
Enovis Corporation (a) 601,213   33,679,952  
ESAB Corporation 336,432   29,141,740  
    62,821,692  
Materials - 4.6%
NewMarket Corporation 33,100   18,066,973  
Trex Company, Inc. (a) 209,515   17,345,747  
    35,412,720  
Real Estate - 10.0%
FRP Holdings, Inc. (a) 132,183   8,311,667  
Janus International Group, Inc. (a) 2,894,015   37,766,896  
Lamar Advertising Company - Class A 207,543   22,057,670  
 
 

 

DAVENPORT SMALL CAP FOCUS FUND
SCHEDULE OF INVESTMENTS (Continued)
 
COMMON STOCKS - 91.1% (Continued) Shares Value
Real Estate - 10.0% (Continued)
Outfront Media, Inc. 700,000   $ 9,772,000  
    77,908,233  
Technology - 15.3%
Alight, Inc. - Class A (a) 3,729,295   31,810,886  
DoubleVerify Holdings, Inc. (a) 503,843   18,531,346  
HealthEquity, Inc. (a) 414,902   27,508,003  
Verra Mobility Corporation (a) 1,776,642   40,916,065  
    118,766,300  
     
Total Common Stocks (Cost $623,511,319) $ 707,292,396  
     
     
EXCHANGE-TRADED FUNDS - 2.8% Shares Value
ALPS Medical Breakthroughs ETF (Cost $20,662,458) 670,000   $ 22,070,604  
   
 
     
MONEY MARKET FUNDS - 6.0% Shares Value
First American Treasury Obligations Fund - Class X, 5.28% (b) (Cost $46,273,669) 46,273,669   $ 46,273,669  
     
Total Investments at Value - 99.9% (Cost $690,447,446) $ 775,636,669  
   
Other Assets in Excess of Liabilities - 0.1% 1,030,215  
   
Net Assets - 100.0% $ 776,666,884  
 

 

 

 

 

 

 

 

(a) Non-income producing security.
(b) The rate shown is the 7-day effective yield as of December 31, 2023.

 

 

 

 

 

 
 

 

DAVENPORT BALANCED INCOME FUND
SCHEDULE OF INVESTMENTS
December 31, 2023 (Unaudited)
 
COMMON STOCKS - 59.5% Shares Value
Communications - 3.9%
Alphabet, Inc. - Class A (a) 23,957   $ 3,346,553  
Comcast Corporation - Class A 81,516   3,574,477  
Walt Disney Company (The) 20,518   1,852,570  
    8,773,600  
Consumer Discretionary - 3.0%
Lowe's Companies, Inc. 16,702   3,717,030  
McDonald's Corporation 10,298   3,053,460  
    6,770,490  
Consumer Staples - 9.5%
Anheuser-Busch InBev S.A./N.V. - ADR 41,749   2,697,820  
Bunge Global S.A. 18,643   1,882,011  
Diageo plc - ADR 16,673   2,428,589  
Ingredion, Inc. 13,155   1,427,712  
Kenvue, Inc. 108,000   2,325,240  
Keurig Dr Pepper, Inc. 90,870   3,027,788  
Philip Morris International, Inc. 36,317   3,416,703  
Target Corporation 15,566   2,216,910  
Walmart, Inc. 10,383   1,636,880  
    21,059,653  
Energy - 4.8%
Chevron Corporation 23,044   3,437,243  
Coterra Energy, Inc. 104,220   2,659,694  
Enbridge, Inc. 60,275   2,171,106  
Enterprise Products Partners, L.P. 87,000   2,292,450  
    10,560,493  
Financials - 14.1%
Berkshire Hathaway, Inc. - Class B (a) 10,227   3,647,562  
Brookfield Asset Management Ltd. - Class A 63,956   2,569,112  
Brookfield Corporation 90,137   3,616,296  
Chubb Ltd. 7,902   1,785,852  
Diamond Hill Investment Group, Inc. 11,715   1,939,887  
Fairfax Financial Holdings Ltd. 3,925   3,613,989  
Fidelity National Financial, Inc. 52,558   2,681,509  
JPMorgan Chase & Company 19,077   3,244,998  
Markel Group, Inc. (a) 2,169   3,079,763  
Stewart Information Services Corporation 50,417   2,961,999  
Wells Fargo & Company 47,098   2,318,164  
    31,459,131  
Health Care - 8.4%
Bristol-Myers Squibb Company 67,292   3,452,752  
 
 

 

DAVENPORT BALANCED INCOME FUND
SCHEDULE OF INVESTMENTS (Continued)
 
COMMON STOCKS - 59.5% (Continued) Shares Value
Health Care - 8.4% (Continued)
Elevance Health, Inc. 7,333   $ 3,457,949  
Johnson & Johnson 28,470   4,462,388  
Medtronic plc 36,857   3,036,280  
Perrigo Company plc 73,853   2,376,590  
Sanofi - ADR 38,300   1,904,659  
    18,690,618  
Industrials - 8.3%
Deere & Company 4,232   1,692,250  
L3Harris Technologies, Inc. 18,641   3,926,167  
Norfolk Southern Corporation 10,378   2,453,152  
RTX Corporation 14,063   1,183,261  
TE Connectivity Ltd. 20,730   2,912,565  
United Parcel Service, Inc. - Class B 20,707   3,255,761  
Watsco, Inc. 7,109   3,045,993  
    18,469,149  
Materials - 1.0%
Avery Dennison Corporation 10,567   2,136,225  
   
 
Real Estate - 1.5%
Lamar Advertising Company - Class A 30,806   3,274,062  
   
 
Technology - 1.4%
Oracle Corporation 29,711   3,132,431  
   
 
Utilities - 3.6%
Brookfield Infrastructure Partners, L.P. 61,867   1,948,192  
Brookfield Renewable Partners, L.P. 76,999   2,023,534  
NextEra Energy, Inc. 66,048   4,011,755  
    7,983,481  
     
Total Common Stocks (Cost $106,566,195) $ 132,309,333  
     
     
FIXED RATE CORPORATE BONDS - 29.4% Par Value Value
Communications - 4.1%    
Meta Platforms, Inc., 4.950%, due 05/15/2033 $ 4,990,000   $ 5,161,873  
VeriSign, Inc., 5.250%, due 04/01/2025 3,950,000   3,951,034  
    9,112,907  
Consumer Discretionary - 0.7%    
Lowe's Companies, Inc., 4.400%, due 09/08/2025 1,525,000   1,513,670  
   
 
 
 

 

DAVENPORT BALANCED INCOME FUND
SCHEDULE OF INVESTMENTS (Continued)
 
FIXED RATE CORPORATE BONDS - 29.4% (Continued) Par Value Value
Consumer Staples - 2.4%    
Phillip Morris International, Inc., 5.375%,               due 02/15/2033 $ 2,995,000   $ 3,075,337  
Walgreens Boots Alliance, Inc., 3.800%,                due 11/18/2024 2,245,000   2,204,717  
    5,280,054  
Energy - 4.7%    
Boardwalk Pipelines, L.P., 4.450%, due 07/15/2027 2,200,000   2,158,505  
BP Capital Markets America, 4.812%,                      due 02/13/2033 2,990,000   3,020,521  
MPLX, L.P., 4.125%, due 03/01/2027 3,250,000   3,182,710  
ONEOK, Inc., 5.550%, due 11/01/2026 1,995,000   2,030,535  
    10,392,271  
Financials - 7.9%    
American Express Company, 3.375%,                     due 05/03/2024 2,995,000   2,972,081  
Bank of Montreal, 5.920%, due 09/25/2025 3,990,000   4,053,745  
BlackRock, Inc., 4.750%, due 05/25/2033 3,000,000   3,031,600  
Brookfield Finance, Inc., 4.000%, due 04/01/2024 530,000   527,529  
Charles Schwab Corporation, 5.875%,                    due 08/24/2026 3,750,000   3,846,959  
Royal Bank of Canada, 5.000%, due 05/02/2033 3,000,000   3,064,169  
    17,496,083  
Health Care - 3.9%    
Bristol-Myers Squibb Company, 5.900%,                    due 11/15/2033 3,000,000   3,274,813  
Merck & Company, Inc., 4.500%, due 05/17/2033 2,490,000   2,512,759  
Zoetis, Inc., 5.400%, due 11/14/2025 2,990,000   3,014,729  
    8,802,301  
Industrials - 0.9%    
Waste Management, Inc., 4.875%, due 02/15/2029 1,995,000   2,043,666  
   
 
Technology - 3.5%    
Apple, Inc., 4.300%, due 05/10/2033 2,490,000   2,533,429  
Fiserv, Inc., 3.200%, due 07/01/2026 2,325,000   2,238,843  
Oracle Corporation, 5.800%, due 11/10/2025 2,990,000   3,037,275  
    7,809,547  
 
 

 

 

DAVENPORT BALANCED INCOME FUND
SCHEDULE OF INVESTMENTS (Continued)
 
FIXED RATE CORPORATE BONDS - 29.4% (Continued) Par Value Value
Utilities - 1.3%    
NextEra Energy Capital Holdings, Inc., 6.051%,              due 03/01/2025 2,995,000   $ 3,022,050  
   
 
Total Fixed Rate Corporate Bonds (Cost $64,780,712) $ 65,472,549  
     
     
MUNICIPAL BONDS - 1.1% Par Value Value
Virginia - 1.1%    
Richmond, VA, GO, Public Improvement Bonds    
Series, 4.800%, due 03/01/2033 (Cost $2,538,708) $ 2,455,000   $ 2,494,361  
   
 
     
U.S. TREASURY OBLIGATIONS - 8.8% Par Value Value
U.S. Treasury Bills - 1.1% (b)
5.500%, due 01/25/2024 2,490,000   $ 2,481,612  
   
 
U.S. Treasury Notes - 7.7%
0.250%, due 06/15/2024 4,500,000   4,401,738  
2.750%, due 06/30/2025 4,810,000   4,692,756  
4.750%, due 07/31/2025 2,000,000   2,009,375  
4.625%, due 09/15/2026 4,000,000   4,057,344  
3.875%, due 08/15/2033 2,000,000   2,001,563  
    17,162,776  
   
Total U.S. Treasury Obligations (Cost $19,612,962) $ 19,644,388  
     
     
 
 

 

 

DAVENPORT BALANCED INCOME FUND
SCHEDULE OF INVESTMENTS (Continued)
 
MONEY MARKET FUNDS - 0.2% Shares Value
First American Treasury Obligations Fund - Class X, 5.28% (c) (Cost $386,683) 386,683   $ 386,683  
     
Total Investments at Value - 99.0% (Cost $193,885,260) $ 220,307,314  
   
Other Assets in Excess of Liabilities - 1.0% 2,296,865  
   
Net Assets - 100.0% $ 222,604,179  
 

 

 

 

ADR - American Depositary Receipt.
 

 

 

 

(a) Non-income producing security.
(b) The rate shown is the annualized yield at the time of purchase.  
(c) The rate shown is the 7-day effective yield as of December 31, 2023.

 

 

 

 

 

 

 
 

 

 

DAVENPORT INSIDER BUYING FUND
SCHEDULE OF INVESTMENTS
December 31, 2023 (Unaudited)
 
COMMON STOCKS - 94.3% Shares Value
Consumer Discretionary - 8.9%
Genuine Parts Company 6,278   $ 869,503  
NIKE, Inc. - Class B 15,508   1,683,704  
Yum China Holdings, Inc. 36,812   1,561,933  
    4,115,140  
Consumer Staples - 7.9%
Darling Ingredients, Inc. (a) 18,308   912,471  
Kenvue, Inc. 51,409   1,106,836  
Keurig Dr Pepper, Inc. 49,133   1,637,111  
    3,656,418  
Energy - 3.5%
EOG Resources, Inc. 13,551   1,638,993  
   
 
Financials - 8.6%
American Express Company 5,163   967,237  
Aon plc - Class A 5,570   1,620,981  
Charles Schwab Corporation (The) 20,048   1,379,302  
    3,967,520  
Health Care - 18.9%
Align Technology, Inc. (a) 4,480   1,227,520  
Bristol-Myers Squibb Company 35,975   1,845,877  
Charles River Laboratories International, Inc. (a) 7,053   1,667,329  
DENTSPLY SIRONA, Inc. 30,291   1,078,057  
Mettler-Toledo International, Inc. (a) 797   966,729  
Perrigo Company plc 23,067   742,296  
Zimmer Biomet Holdings, Inc. 10,084   1,227,223  
    8,755,031  
Industrials - 15.8%
Amphenol Corporation - Class A 13,524   1,340,634  
Deere & Company 2,627   1,050,459  
Emerson Electric Company 15,667   1,524,869  
FedEx Corporation 2,725   689,343  
Graco, Inc. 6,492   563,246  
Keysight Technologies, Inc. (a) 9,585   1,524,878  
Toro Company (The) 6,294   604,161  
    7,297,590  
Materials - 8.8%
Air Products & Chemicals, Inc. 6,601   1,807,354  
Ball Corporation 16,202   931,939  
Corteva, Inc. 27,682   1,326,521  
    4,065,814  
 
 

 

DAVENPORT INSIDER BUYING FUND
SCHEDULE OF INVESTMENTS (Continued)
 
COMMON STOCKS - 94.3% (Continued) Shares Value
Real Estate - 2.1%
Mid-America Apartment Communities, Inc. 7,148   $ 961,120  
   
 
Technology - 14.4%
Genpact Ltd. 33,071   1,147,894  
Mastercard, Inc. - Class A 3,870   1,650,594  
Maximus, Inc. 13,730   1,151,398  
TransUnion 17,886   1,228,947  
Zebra Technologies Corporation - Class A (a) 5,516   1,507,688  
    6,686,521  
Utilities - 5.4%
American Water Works Company, Inc. 5,276   696,379  
NextEra Energy, Inc. 29,936   1,818,313  
    2,514,692  
     
Total Common Stocks (Cost $41,368,643) $ 43,658,839  
     
     
EXCHANGE-TRADED FUNDS - 3.2% Shares Value
iShares Core S&P 500 ETF (Cost $1,443,831) 3,109   $ 1,484,952  
   
 
     
MONEY MARKET FUNDS - 7.5% Shares Value
First American Treasury Obligations Fund - Class X, 5.28% (b) (Cost $3,489,798) 3,489,798   $ 3,489,798  
     
Total Investments at Value - 105.0% (Cost $46,302,272) $ 48,633,589  
   
Liabilities in Excess of Other Assets - (5.0%)     (2,327,640 )
   
Net Assets - 100.0% $ 46,305,949  
 

 

 

 

 

 

 

 

(a) Non-income producing security.
(b) The rate shown is the 7-day effective yield as of December 31, 2023.