# Davis Selected Advisers

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1036325. Source: https://holderbook.com/funds/1036325-davis-selected-advisers/

- Reported value: $23.3B
- Positions: 112
- Weight of the ten largest: 48.8%
- Filed: 2026-08-11

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $1.7B | 8,270,946 | 7.1% | 31 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $1.3B | 21,453,510 | 5.6% | 31 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $1.2B | 11,865,916 | 5.3% | 31 |
| VIATRIS INC | [VTRS](https://holderbook.com/stocks/VTRS/) | $1.2B | 75,232,254 | 5.1% | 23 |
| MGM RESORTS INTERNATIONAL | [MGM](https://holderbook.com/stocks/MGM/) | $1.1B | 23,903,317 | 4.9% | 12 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.0B | 2,937,160 | 4.5% | 31 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $1.0B | 25,297,991 | 4.5% | 1 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.0B | 4,276,176 | 4.4% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $928.7M | 1,648,172 | 4.0% | 31 |
| MARKEL GROUP INC | [MKL](https://holderbook.com/stocks/MKL/) | $794.4M | 406,759 | 3.4% | 31 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $726.5M | 2,437,486 | 3.1% | 31 |
| TYSON FOODS INC | [TSN](https://holderbook.com/stocks/TSN/) | $724.5M | 12,653,717 | 3.1% | 9 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $661.9M | 8,008,728 | 2.8% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $650.0M | 868 | 2.8% | 31 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $621.2M | 2,253,424 | 2.7% | 31 |
| JBS N.V. | [JBS](https://holderbook.com/stocks/JBS/) | $592.7M | 50,016,236 | 2.5% | 3 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $529.8M | 1,274,650 | 2.3% | 31 |
| TECK RESOURCES LTD | [TECK](https://holderbook.com/stocks/TECK/) | $497.3M | 8,363,497 | 2.1% | 20 |
| SOLVENTUM CORP | [SOLV](https://holderbook.com/stocks/SOLV/) | $486.7M | 6,307,729 | 2.1% | 9 |
| LYONDELLBASELL INDUSTRIES NV | [LYB](https://holderbook.com/stocks/LYB/) | $458.0M | 8,698,852 | 2.0% | 2 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $391.2M | 1,148,090 | 1.7% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $369.5M | 738,433 | 1.6% | 31 |
| TRIP COM GROUP LTD | [TCOM](https://holderbook.com/stocks/TCOM/) | $349.1M | 8,761,371 | 1.5% | 8 |
| OWENS CORNING NEW | [OC](https://holderbook.com/stocks/OC/) | $330.7M | 2,081,213 | 1.4% | 31 |
| QUEST DIAGNOSTICS INC | [DGX](https://holderbook.com/stocks/DGX/) | $329.8M | 1,555,612 | 1.4% | 31 |
| PINTEREST INC | [PINS](https://holderbook.com/stocks/PINS/) | $264.5M | 12,574,721 | 1.1% | 4 |
| AGCO CORP | [AGCO](https://holderbook.com/stocks/AGCO/) | $246.4M | 2,058,488 | 1.1% | 11 |
| FULL TRUCK ALLIANCE CO LTD | [YMM](https://holderbook.com/stocks/YMM/) | $224.4M | 27,639,082 | 1.0% | 7 |
| RESTAURANT BRANDS INTL INC | [QSR](https://holderbook.com/stocks/QSR/) | $203.0M | 2,800,345 | 0.9% | 6 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $199.4M | 564,274 | 0.9% | 31 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $195.2M | 1,877,583 | 0.8% | 9 |
| SEA LTD | [SE](https://holderbook.com/stocks/SE/) | $192.8M | 2,011,812 | 0.8% | 9 |
| DAVIS FUNDAMENTAL ETF TR | [DUSA](https://holderbook.com/stocks/DUSA/) | $191.1M | 3,400,745 | 0.8% | 31 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $162.7M | 315,539 | 0.7% | 6 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $155.9M | 476,389 | 0.7% | 31 |
| FIFTH THIRD BANCORP | [FITB](https://holderbook.com/stocks/FITB/) | $151.3M | 2,684,183 | 0.6% | 17 |
| WESCO INTL INC | [WCC](https://holderbook.com/stocks/WCC/) | $125.5M | 363,915 | 0.5% | 16 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $122.1M | 496,066 | 0.5% | 31 |
| DAVIS FUNDAMENTAL ETF TR | [DINT](https://holderbook.com/stocks/DINT/) | $111.6M | 3,915,748 | 0.5% | 31 |
| PEOPLE INC | [PPLI](https://holderbook.com/stocks/PPLI/) | $110.5M | 2,394,024 | 0.5% | 21 |
| DAVIS FUNDAMENTAL ETF TR | [DFNL](https://holderbook.com/stocks/DFNL/) | $105.2M | 2,130,666 | 0.5% | 31 |
| DAVIS FUNDAMENTAL ETF TR | [DWLD](https://holderbook.com/stocks/DWLD/) | $89.5M | 1,935,585 | 0.4% | 31 |
| NETEASE COM INC | [NTES](https://holderbook.com/stocks/NTES/) | $78.5M | 612,955 | 0.3% | 7 |
| RENAISSANCERE HLDGS LTD | [RNR](https://holderbook.com/stocks/RNR/) | $74.3M | 234,528 | 0.3% | 8 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $74.1M | 102,521 | 0.3% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $71.0M | 209,821 | 0.3% | 31 |
| ROCKET COS INC | [RKT](https://holderbook.com/stocks/RKT/) | $70.3M | 4,463,148 | 0.3% | 21 |
| LOEWS CORP | [L](https://holderbook.com/stocks/L/) | $61.7M | 545,211 | 0.3% | 31 |
| BANK OF N T BUTTERFIELD & SO | [NTB](https://holderbook.com/stocks/NTB/) | $60.2M | 1,012,140 | 0.3% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $56.6M | 992,776 | 0.2% | 30 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $53.0M | 366,448 | 0.2% | 31 |
| CHIME FINL INC | [CHYM](https://holderbook.com/stocks/CHYM/) | $47.8M | 2,331,776 | 0.2% | 4 |
| EVEREST GROUP LTD | [EG](https://holderbook.com/stocks/EG/) | $45.2M | 126,423 | 0.2% | 31 |
| VALE S A | [VALE](https://holderbook.com/stocks/VALE/) | $44.1M | 2,929,850 | 0.2% | 6 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $34.7M | 92,973 | 0.1% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $31.0M | 154,727 | 0.1% | 5 |
| KE HLDGS INC | [BEKE](https://holderbook.com/stocks/BEKE/) | $26.9M | 1,850,782 | 0.1% | 12 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $26.7M | 289,871 | 0.1% | 31 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $26.5M | 539,839 | 0.1% | 3 |
| STATE STR CORP | [STT](https://holderbook.com/stocks/STT/) | $25.1M | 147,966 | 0.1% | 31 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $24.2M | 178,556 | 0.1% | 8 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $20.7M | 141,422 | 0.1% | 31 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $20.1M | 19,313 | 0.1% | 8 |
| COUSINS PPTYS INC | [CUZ](https://holderbook.com/stocks/CUZ/) | $17.2M | 573,605 | 0.1% | 8 |
| BXP INC | [BXP](https://holderbook.com/stocks/BXP/) | $15.4M | 232,050 | 0.1% | 8 |
| BRIXMOR PPTY GROUP INC | [BRX](https://holderbook.com/stocks/BRX/) | $15.0M | 477,150 | 0.1% | 8 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $13.9M | 67,894 | 0.1% | 2 |
| M & T BK CORP | [MTB](https://holderbook.com/stocks/MTB/) | $13.8M | 58,072 | 0.1% | 25 |
| HEALTHPEAK PROPERTIES INC | [DOC](https://holderbook.com/stocks/DOC/) | $13.5M | 631,026 | 0.1% | 8 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $13.2M | 73,280 | 0.1% | 8 |
| PUBLIC STORAGE | [PSA](https://holderbook.com/stocks/PSA/) | $12.0M | 37,740 | 0.1% | 8 |
| AVALONBAY CMNTYS INC | [AVB](https://holderbook.com/stocks/AVB/) | $11.3M | 59,890 | 0.0% | 8 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $11.1M | 24,962 | 0.0% | 4 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $11.0M | 49,318 | 0.0% | 8 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $11.0M | 74,923 | 0.0% | 31 |
| AMERICAN HOMES 4 RENT | [AMH](https://holderbook.com/stocks/AMH/) | $10.9M | 325,590 | 0.0% | 8 |
| COPT DEFENSE PROPERTIES | [CDP](https://holderbook.com/stocks/CDP/) | $10.7M | 292,700 | 0.0% | 5 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $10.4M | 208,391 | 0.0% | 25 |
| EASTGROUP PPTYS INC | [EGP](https://holderbook.com/stocks/EGP/) | $10.4M | 51,230 | 0.0% | 8 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $10.3M | 63,250 | 0.0% | 8 |
| SUNSTONE HOTEL INVS INC NEW | [SHO](https://holderbook.com/stocks/SHO/) | $10.0M | 870,120 | 0.0% | 8 |
| VENTAS INC | [VTR](https://holderbook.com/stocks/VTR/) | $9.9M | 111,420 | 0.0% | 8 |
| CAMDEN PPTY TR | [CPT](https://holderbook.com/stocks/CPT/) | $9.9M | 86,120 | 0.0% | 8 |
| NOAH HLDGS LTD | [NOAH](https://holderbook.com/stocks/NOAH/) | $9.6M | 964,486 | 0.0% | 31 |
| DARLING INGREDIENTS INC | [DAR](https://holderbook.com/stocks/DAR/) | $9.3M | 170,846 | 0.0% | 21 |
| SAP SE | [SAP](https://holderbook.com/stocks/SAP/) | $9.3M | 60,529 | 0.0% | 31 |
| REGENCY CTRS CORP | [REG](https://holderbook.com/stocks/REG/) | $9.3M | 116,340 | 0.0% | 8 |
| ESSEX PPTY TR INC | [ESS](https://holderbook.com/stocks/ESS/) | $8.3M | 28,501 | 0.0% | 8 |
| JD.COM INC | [JD](https://holderbook.com/stocks/JD/) | $7.2M | 283,280 | 0.0% | 31 |
| TERRENO RLTY CORP | [TRNO](https://holderbook.com/stocks/TRNO/) | $7.2M | 111,037 | 0.0% | 8 |
| SBA COMMUNICATIONS CORP | [SBAC](https://holderbook.com/stocks/SBAC/) | $7.2M | 40,700 | 0.0% | 1 |
| REXFORD INDL RLTY INC | [REXR](https://holderbook.com/stocks/REXR/) | $6.4M | 191,960 | 0.0% | 8 |
| EQUITY RESIDENTIAL | [EQR](https://holderbook.com/stocks/EQR/) | $6.2M | 91,855 | 0.0% | 8 |
| COMMUNITY HEALTHCARE TR INC | [CHCT](https://holderbook.com/stocks/CHCT/) | $5.9M | 322,890 | 0.0% | 8 |
| REALTY INCOME CORP | [O](https://holderbook.com/stocks/O/) | $5.7M | 92,720 | 0.0% | 5 |
| VICI PPTYS INC | [VICI](https://holderbook.com/stocks/VICI/) | $5.7M | 215,360 | 0.0% | 8 |
| ANGI INC | [ANGI](https://holderbook.com/stocks/ANGI/) | $5.5M | 932,653 | 0.0% | 5 |
| SUN CMNTYS INC | [SUI](https://holderbook.com/stocks/SUI/) | $5.1M | 42,480 | 0.0% | 6 |
| HUDSON PACIFIC PROPERTIES IN | [HPP](https://holderbook.com/stocks/HPP/) | $4.8M | 315,236 | 0.0% | 3 |
| ALEXANDRIA REAL ESTATE EQ IN | [ARE](https://holderbook.com/stocks/ARE/) | $4.3M | 80,467 | 0.0% | 8 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +12.2% | +14.8% | -2.6% | 100% |
| Q1 2026 | -2.9% | -4.6% | +1.7% | 100% |
| Q4 2025 | +6.5% | +2.4% | +4.2% | 100% |
| Q3 2025 | +4.8% | +7.8% | -3.0% | 100% |
| Q2 2025 | +8.3% | +10.5% | -2.2% | 100% |
| Q1 2025 | -0.1% | -4.6% | +4.4% | 100% |
| Q4 2024 | +0.1% | +2.1% | -2.0% | 100% |
| Q3 2024 | +4.4% | +5.4% | -1.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $23.3B | 112 |
| Q1 2026 | $21.8B | 112 |
| Q4 2025 | $22.2B | 108 |
| Q3 2025 | $19.2B | 107 |
| Q2 2025 | $18.7B | 107 |
| Q1 2025 | $17.3B | 104 |
| Q4 2024 | $17.2B | 100 |
| Q3 2024 | $17.8B | 102 |
| Q2 2024 | $17.2B | 68 |
| Q1 2024 | $17.8B | 98 |
| Q4 2023 | $17.7B | 103 |
| Q3 2023 | $15.9B | 104 |