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Davenport & Company LLC
I. Lee Chapman IV · Investment Advisor · Value
Davenport & Company LLC is an independent, employee-owned wealth management and financial advisory firm founded in 1863 in Richmond, Virginia. With over 160 years of history, the firm has navigated numerous market cycles, evolving from an insurance agency into a comprehensive financial services provider. Today, it serves a diverse range of individual and institutional clients through its offices in the mid-Atlantic region. The firm’s offerings include asset management, retail brokerage, public finance, investment banking, and financial planning. Davenport is recognized for its commitment to putting clients' needs first and its long-standing stability, as evidenced by its status as a member of the New York Stock Exchange and its registration as an investment advisor with the SEC.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +8.4% |
| YTD return | +4.2% |
| Sharpe ratio | 1.88 |
| Win rate | 50% |
| AUM | $5.5B |
| Inception | Oct 1, 2025 |
| Updated | Sep 4, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $5.5B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.investdavenport.com |
Current Holdings
Updated on Sep 4, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| AMZN | Amazon.com Inc | 9.0% | +14.2% |
| MSFT | Microsoft Corporation | 8.9% | +4.8% |
| AAPL | Apple Inc | 8.4% | +21.2% |
| NVDA | NVIDIA Corporation | 7.9% | +19.8% |
| BRK-A | Berkshire Hathaway Inc | 6.8% | +3.1% |
| MKL | Markel Corporation | 6.7% | -3.3% |
| GOOGL | Alphabet Inc Class A | 6.6% | +30.8% |
| JNJ | Johnson & Johnson | 4.2% | +38.5% |
| UNP | Union Pacific Corporation | 4.1% | +7.0% |
| UNH | UnitedHealth Group Incorporated | 3.8% | +12.4% |
| ABT | Abbott Laboratories | 3.8% | +7.4% |
| KNSL | Kinsale Capital Group Inc | 3.8% | +5.1% |
| AMT | American Tower Corp | 3.4% | +3.4% |
| JPM | JPMorgan Chase & Co | 3.3% | +9.8% |
| MLM | Martin Marietta Materials Inc | 3.3% | -15.7% |
| AVGO | Broadcom Inc | 3.2% | -10.0% |
| MA | Mastercard Inc | 3.2% | -0.2% |
| ELV | Elevance Health Inc | 3.2% | +1.8% |
| V | Visa Inc. Class A | 3.2% | +3.0% |
| PANW | Palo Alto Networks Inc | 3.2% | -8.5% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 24, 2026 | SELL | MSFT | 9.1% → 8.9% |
| Aug 24, 2026 | BUY | AAPL | 8.2% → 8.4% |
| Aug 24, 2026 | BUY | GOOGL | 6.5% → 6.6% |
| Aug 24, 2026 | SELL | ABT | 3.7% → 3.8% |
| Aug 24, 2026 | SELL | KNSL | 3.6% → 3.8% |
Investment Style Analysis
Davenport & Company LLC is widely recognized for employing a Value strategy. As of Sep 4, 2026, the firm oversees approximately $5.5B in assets under management (AUM). The portfolio demonstrates a clear preference for the Software - Infrastructure and Semiconductors sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 24, Davenport & Company LLC made a significant move by reducing the position in MSFT. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Davenport’s investment philosophy is rooted in a fundamental, bottom-up research process aimed at identifying high-quality companies with proven track records of sustained results and strong management. The firm emphasizes long-term wealth creation and preservation by balancing risk and return, with a significant focus on downside protection. Their strategy often targets companies with attractive valuations, consistent dividend growth, and solid balance sheets. By maintaining a disciplined investment process and focusing on fundamentals, Davenport seeks to achieve outperformance over complete market cycles while minimizing volatility for its clients.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Davenport & Company LLC.
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Frequently asked questions
How is the simulated portfolio for Davenport & Company LLC constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Davenport & Company LLC's largest holding?
As of the latest filing, Davenport & Company LLC's top position is Amazon.com Inc (AMZN), representing 9.0% of the portfolio. This reflects a high-conviction bet by the institution.
What is Davenport & Company LLC's historical performance and risk profile?
Our simulation indicates a total return of +8.4% with a win rate of 50%. Notably, the portfolio maintains a Sharpe Ratio of 1.88, suggesting an strong level of risk-adjusted returns compared to the broader market.
What sectors does Davenport & Company LLC primarily invest in?
Davenport & Company LLC has a strong preference for the Software - Infrastructure sector, which makes up 12.1% of their disclosed assets. The portfolio also has exposure to Semiconductors, indicating a specific thematic focus.
Is Davenport & Company LLC's portfolio concentrated or diversified?
Davenport & Company LLC runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 26.4% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Davenport & Company LLC performed in 2026?
Our AI-simulated model portfolio for Davenport & Company LLC tracks a Year-to-Date (YTD) return of +4.2%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does I. Lee Chapman IV manage Davenport & Company LLC directly?
Yes, I. Lee Chapman IV serves as the key portfolio manager for Davenport & Company LLC, overseeing the investment strategy and final capital allocation decisions.