Don’t Assume the Outcome

February 2024

Join us for an estate planning session featuring speakers from Virginia Estate & Trust Law, PLC where they will detail an estate plan’s most important pieces to avoid missteps and missed assumptions that can alter your legacy.

Click below to watch the recorded Zoom presentation.

WATCH THE VIDEO


Core Leaders Portfolio: Focusing on Quality

January 2024

The Davenport Core Leaders Portfolio seeks to own high-quality companies with attractive structural growth characteristics. Read on as Jeffrey Omohundro, Portfolio Manager for the Core Leaders Portfolio, explains why we believe these high-quality companies will produce solid investment performance over time.

READ MORE


Davenport Equity Opportunities Fund: Unafraid to Be Different

January 2024

Business Insider sat down with Equity Opportunities co-managers George Smith and Chris Pearson as they explain how they have “consistently brought in strong returns by being willing to be different.” Click below to read the full interview on how they have outperformed for over a decade, what they’re looking for in an investment, and the stocks they’re watching in 2024.

READ MORE


2023 Meets 2024

December 2023

Equity markets generated surprisingly robust returns in 2023. The S&P 500® Index gained 26.3% for the year and the Russell 2000® Index returned 16.9%. Much of the gains were fueled by a feverish late-year rally. For the fourth quarter alone, the S&P and Russell returned 11.7% and 14.0%, respectively. As you may recall, we came into 2023 with rampant negativity and widespread calls for a recession. While there were hurdles to surmount along the way, markets largely defied the odds and generated very impressive results.

READ MORE


2024 Fixed Income Outlook

December 2023

Please join Kevin Hopkins, Chris Kelley, and Will Cleland after the last Federal Open Market Committee (FOMC) meeting of 2023 as they discuss how to prepare for 2024 in an ever evolving bond market.

Click below to watch the recorded Zoom presentation.

WATCH THE VIDEO


DEOPX: A Strong Offering Bounces Back – Morningstar​

December 2023

Morningstar writes that “Davenport Equity Opportunities’ well-equipped team executes its high-conviction approach effectively” in this new Analyst Take on DEOPX. Click below to read the full report and discover why this Fund is sitting in “the top decile of category rivals” year to date. Click below to read the full report and discover why this Fund is sitting in “the top decile of category rivals” year to date.

READ MORE


Davenport Asset Management Launches New Mutual Fund Offering

November 2023

We are pleased to announce the launch of the Davenport Insider Buying Fund (DBUYX), a new no-load mutual fund that utilizes insider buying activity as a key driver for its investment strategy. The Fund will be co-managed by Adam Bergman, CFA, and Kevin Bennett, CFA.

Click below to read the full press release. 

READ MORE


The Home Stretch

September 2023

Stocks seemed to run out of gas in the third quarter. The S&P 500® Index and Russell 2000® Index lost 3.3% and 5.1%, respectively. Most of the losses were concentrated in September, which historically is the worst month of the year for stocks. It wasn’t surprising to see equity markets stall a bit, especially after a surprising first half rally. Even large cap technology stalwarts cooled off as the artificial intelligence (AI) craze seemed to fade. Year-to-date, the S&P and Russell finished the period up 13.1% and 2.5%, respectively.

READ MORE


Disclosure: The information contained herein has been compiled from sources believed to be reliable; however, there is no guarantee of its accuracy or completeness. The Russell 2000 Index measures the performance of the 2000 smallest companies in the Russell 3000 Index, which represents approximately 8% of the total market. The S&P 500 Index is comprised of 500 U.S. stocks and is an indicator of the performance of the overall U.S. stock market. An investor cannot invest in an index and index returns are not indicative of the performance of any specific investment. Past performance is not indicative of future results.