Letters by company
Devon Energy CORP
7 letters discussing DVN. Everything written about it on this site is on its ticker page.
- Auxier Asset Management Auxier Report: Fall 2026 Auxier Focus Fund tightened its emphasis on downside protection as debt-financed AI infrastructure spending, leverage and rising rates raised the risk of forced liquidations. The fund favored durable, founder-led businesses with free-cash-flow yields and strong balance sheets, while retaining short-term Treasuries until discounted opportunities emerge. Third Quarter 2026 META $1.6T0KFZ AMZN $2.9T
- GoodHaven Capital Management 2024 Annual Letter to Shareholders GoodHaven Fund added to Berkshire Hathaway, Chubb, Arrow Electronics and Exor while arguing that its lower valuation and stronger earnings profile leave room for long-term upside despite market speculation. It defended Devon Energy after the Grayson Mill acquisition and CEO transition, and discussed Jefferies, Berkshire Hathaway, TerraVest and Fannie Mae holdings. fiscal year 2024 BRK.A $1.3TDVN $53BJEF $11B
- GoodHaven Capital Management 2023 Annual Letter to Shareholders GoodHaven added materially to Bank of America, Devon, Berkshire Hathaway, Goldman Sachs and Occidental Petroleum warrants, while opening a position in Camden Property Trust after weakness in financials, energy and real estate. It sold Alibaba after concluding its thesis was flawed, and argues that Builders FirstSource, Lennar, KKR and TerraVest retain durable earnings and capital-allocation advantages. fiscal year 2023 BAC $349BBLDR $6.5BBRK.A $1.3T
- GoodHaven Capital Management Shareholder Letter GoodHaven Fund added to KKR and materially increased Exor, arguing that both retain substantial long-term value despite a tougher rate environment. It maintained major holdings in Alphabet and Berkshire Hathaway, while monitoring Meta’s spending and competition from TikTok, and positioned for firmer pricing in auto insurance through Progressive. 2022 fiscal year BRK.A $1.3TDVN $53BEXXRF $26B
- GoodHaven Capital Management Shareholder Letter GoodHaven Fund retained substantial liquidity amid elevated equity prices, arguing that patience and downside protection outweighed chasing a euphoric market. The fund added natural-gas producers, bought Harbinger Group at a private-market discount, initiated Stolt-Nielsen, and accumulated gold miners led by Barrick Gold. fiscal year ended November 30, 2013 BIREY $1.9BDEPW DVN $53B
- Davis Advisors Global ADR Davis Global ADR SMA Portfolio Summer Update 2026 Davis Global ADR SMA retained its contrarian Chinese exposure, arguing that sound company fundamentals and low valuations outweigh the market's AI-driven preference for technology leaders. The portfolio discussed Meituan, AIA Group, Entain, Capital One and the Devon Energy combination, while paring selected semiconductor positions on valuation. first half of 2026 —
- Davis Advisors Large Cap Value Davis Large Cap Value SMA Portfolio Summer Update 2026 Davis Large Cap Value SMA favored lower-valuation businesses while warning that AI capital spending and concentrated technology leadership rest on demanding assumptions. The portfolio pared semiconductor holdings, emphasized communication services and healthcare, and cited Tyson Foods, MGM Resorts and Devon Energy as durable or attractively valued positions. first half of 2026 —
