Davis Selected Advisers
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| CAPITAL ONE FINL CORP | COF | $1.7B | 8,270,946 | -0.03pp | 31q | -3.1%-$53.9M | |
| US BANCORP | USB | $1.3B | 21,453,510 | +0.25pp | 31q | -3.5%-$47.4M | |
| CVS HEALTH CORP | CVS | $1.2B | 11,865,916 | +1.24pp | 31q | -3.1%-$38.7M | |
| VIATRIS INC | VTRS | $1.2B | 75,232,254 | +0.28pp | 23q | -3.8%-$47.3M | |
| MGM RESORTS INTERNATIONAL | MGM | $1.1B | 23,903,317 | +0.78pp | 12q | -1.6%-$18.7M | |
| ALPHABET INC | GOOGL | $1.0B | 2,937,160 | +0.42pp | 31q | -5.1%-$56.3M | |
| DEVON ENERGY CORP NEW | DVN | $1.0B | 25,297,991 | - | new | NEW | |
| AMAZON COM INC | AMZN | $1.0B | 4,276,176 | +1.10pp | 31q | +24.8%+$202.8M | |
| META PLATFORMS INC | META | $928.7M | 1,648,172 | -0.53pp | 31q | -4.1%-$40.0M | |
| MARKEL GROUP INC | MKL | $794.4M | 406,759 | +0.04pp | 31q | +6.1%+$45.6M | |
| TEXAS INSTRS INC | TXN | $726.5M | 2,437,486 | +0.58pp | 31q | -14.5%-$122.9M | |
| TYSON FOODS INC | TSN | $724.5M | 12,653,717 | -0.74pp | 9q | -3.3%-$25.0M | |
| WELLS FARGO & CO | WFC | $661.9M | 8,008,728 | -0.15pp | 31q | -2.2%-$15.1M | |
| BERKSHIRE HATHAWAY INC DEL | BRKA | $650.0M | 868 | -0.25pp | 31q | -6.0%-$41.2M | |
| THE CIGNA GROUP | CI | $621.2M | 2,253,424 | -0.07pp | 31q | +0.9%+$5.4M | |
| JBS N.V. | JBS | $592.7M | 50,016,236 | +0.38pp | 3q | +90.6%+$281.7M | |
| UNITEDHEALTH GROUP INC | UNH | $529.8M | 1,274,650 | +0.73pp | 31q | +2.2%+$11.3M | |
| TECK RESOURCES LTD | TECK | $497.3M | 8,363,497 | -0.38pp | 20q | -21.0%-$132.1M | |
| SOLVENTUM CORP | SOLV | $486.7M | 6,307,729 | +0.19pp | 9q | HELD | |
| LYONDELLBASELL INDUSTRIES NV | LYB | $458.0M | 8,698,852 | -0.10pp | 2q | +55.4%+$163.3M | |
| CHUBB LIMITED | CB | $391.2M | 1,148,090 | -0.11pp | 31q | -4.0%-$16.1M | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $369.5M | 738,433 | -0.06pp | 31q | -1.5%-$5.7M | |
| TRIP COM GROUP LTD | TCOM | $349.1M | 8,761,371 | flat | 8q | +33.7%+$87.9M | |
| OWENS CORNING NEW | OC | $330.7M | 2,081,213 | +0.38pp | 31q | -0.9%-$3.1M | |
| QUEST DIAGNOSTICS INC | DGX | $329.8M | 1,555,612 | -0.04pp | 31q | -3.8%-$13.2M | |
| PINTEREST INC | PINS | $264.5M | 12,574,721 | +0.09pp | 4q | +1.4%+$3.7M | |
| AGCO CORP | AGCO | $246.4M | 2,058,488 | -0.05pp | 11q | -1.3%-$3.4M | |
| FULL TRUCK ALLIANCE CO LTD | YMM | $224.4M | 27,639,082 | -0.13pp | 7q | -3.9%-$9.1M | |
| RESTAURANT BRANDS INTL INC | QSR | $203.0M | 2,800,345 | -0.35pp | 6q | -22.2%-$57.9M | |
| ALPHABET INC | GOOG | $199.4M | 564,274 | -0.04pp | 31q | -16.7%-$40.0M | |
| CONOCOPHILLIPS | COP | $195.2M | 1,877,583 | -0.30pp | 9q | HELD | |
| SEA LTD | SE | $192.8M | 2,011,812 | +0.12pp | 9q | +8.8%+$15.5M | |
| DAVIS FUNDAMENTAL ETF TR | DUSA | $191.1M | 3,400,745 | +0.03pp | 31q | HELD | |
| APPLOVIN CORP | APP | $162.7M | 315,539 | +0.09pp | 6q | -6.0%-$10.5M | |
| JPMORGAN CHASE & CO | JPM | $155.9M | 476,389 | -0.08pp | 31q | -14.4%-$26.2M | |
| FIFTH THIRD BANCORP | FITB | $151.3M | 2,684,183 | +0.05pp | 17q | -4.6%-$7.3M | |
| WESCO INTL INC | WCC | $125.5M | 363,915 | +0.06pp | 16q | -4.5%-$5.9M | |
| PNC FINL SVCS GROUP INC | PNC | $122.1M | 496,066 | +0.01pp | 31q | -8.5%-$11.3M | |
| DAVIS FUNDAMENTAL ETF TR | DINT | $111.6M | 3,915,748 | flat | 31q | HELD | |
| PEOPLE INC | PPLI | $110.5M | 2,394,024 | +0.03pp | 21q | -0.8%-$887.3K | |
| DAVIS FUNDAMENTAL ETF TR | DFNL | $105.2M | 2,130,666 | +0.01pp | 31q | HELD | |
| DAVIS FUNDAMENTAL ETF TR | DWLD | $89.5M | 1,935,585 | -0.01pp | 31q | HELD | |
| NETEASE COM INC | NTES | $78.5M | 612,955 | +0.12pp | 7q | +45.0%+$24.4M | |
| RENAISSANCERE HLDGS LTD | RNR | $74.3M | 234,528 | -0.03pp | 8q | -8.8%-$7.2M | |
| APPLIED MATLS INC | AMAT | $74.1M | 102,521 | -1.56pp | 31q | -91.4%-$790.9M | |
| AMERICAN EXPRESS CO | AXP | $71.0M | 209,821 | -0.02pp | 31q | -10.0%-$7.9M | |
| ROCKET COS INC | RKT | $70.3M | 4,463,148 | -0.01pp | 21q | -7.5%-$5.7M | |
| LOEWS CORP | L | $61.7M | 545,211 | -0.04pp | 31q | -11.2%-$7.8M | |
| BANK OF N T BUTTERFIELD & SO | NTB | $60.2M | 1,012,140 | flat | 31q | -5.7%-$3.6M | |
| BANK OF AMER CORP | BAC | $56.6M | 992,776 | -0.02pp | 30q | -14.4%-$9.5M | |
| BANK OF NY MELLON CORP | BNY | $53.0M | 366,448 | -0.06pp | 31q | -30.2%-$23.0M | |
| CHIME FINL INC | CHYM | $47.8M | 2,331,776 | -0.01pp | 4q | -8.2%-$4.2M | |
| EVEREST GROUP LTD | EG | $45.2M | 126,423 | -0.02pp | 31q | -10.3%-$5.2M | |
| VALE S A | VALE | $44.1M | 2,929,850 | -0.02pp | 6q | HELD | |
| MICROSOFT CORP | MSFT | $34.7M | 92,973 | +0.02pp | 31q | +18.5%+$5.4M | |
| NVIDIA CORPORATION | NVDA | $31.0M | 154,727 | +0.04pp | 5q | +36.3%+$8.2M | |
| KE HLDGS INC | BEKE | $26.9M | 1,850,782 | -0.01pp | 12q | HELD | |
| SCHWAB CHARLES CORP | SCHW | $26.7M | 289,871 | -0.02pp | 31q | -6.8%-$1.9M | |
| FISERV INC | FISV | $26.5M | 539,839 | -0.04pp | 3q | -8.3%-$2.4M | |
| STATE STR CORP | STT | $25.1M | 147,966 | +0.02pp | 31q | -2.8%-$718.1K | |
| PROLOGIS INC. | PLD | $24.2M | 178,556 | -0.01pp | 8q | -2.2%-$545.9K | |
| JOHNSON CONTROLS INTERNATION | JCI | $20.7M | 141,422 | -0.03pp | 31q | -27.1%-$7.7M | |
| EQUINIX INC | EQIX | $20.1M | 19,313 | -0.01pp | 8q | -9.0%-$2.0M | |
| COUSINS PPTYS INC | CUZ | $17.2M | 573,605 | +0.01pp | 8q | -2.2%-$385.5K | |
| BXP INC | BXP | $15.4M | 232,050 | +0.01pp | 8q | -2.2%-$340.8K | |
| BRIXMOR PPTY GROUP INC | BRX | $15.0M | 477,150 | -0.01pp | 8q | -15.3%-$2.7M | |
| ADOBE INC | ADBE | $13.9M | 67,894 | +0.01pp | 2q | +50.4%+$4.7M | |
| M & T BK CORP | MTB | $13.8M | 58,072 | flat | 25q | -3.7%-$531.5K | |
| HEALTHPEAK PROPERTIES INC | DOC | $13.5M | 631,026 | +0.01pp | 8q | -2.2%-$303.5K | |
| DIGITAL RLTY TR INC | DLR | $13.2M | 73,280 | -0.01pp | 8q | -7.1%-$1.0M | |
| PUBLIC STORAGE | PSA | $12.0M | 37,740 | flat | 8q | -8.5%-$1.1M | |
| AVALONBAY CMNTYS INC | AVB | $11.3M | 59,890 | -0.01pp | 8q | -25.1%-$3.8M | |
| SYNOPSYS INC | SNPS | $11.1M | 24,962 | flat | 4q | -3.7%-$424.5K | |
| SIMON PPTY GROUP INC NEW | SPG | $11.0M | 49,318 | flat | 8q | -2.3%-$255.0K | |
| ORACLE CORP | ORCL | $11.0M | 74,923 | -0.01pp | 31q | -6.8%-$804.3K | |
| AMERICAN HOMES 4 RENT | AMH | $10.9M | 325,590 | +0.01pp | 8q | +17.5%+$1.6M | |
| COPT DEFENSE PROPERTIES | CDP | $10.7M | 292,700 | flat | 5q | -2.2%-$236.5K | |
| TRUIST FINL CORP | TFC | $10.4M | 208,391 | flat | 25q | -7.3%-$817.7K | |
| EASTGROUP PPTYS INC | EGP | $10.4M | 51,230 | flat | 8q | -2.2%-$230.9K | |
| AMERICAN TOWER CORP | AMT | $10.3M | 63,250 | -0.01pp | 8q | -2.1%-$224.1K | |
| SUNSTONE HOTEL INVS INC NEW | SHO | $10.0M | 870,120 | +0.01pp | 8q | -2.2%-$224.4K | |
| VENTAS INC | VTR | $9.9M | 111,420 | flat | 8q | -2.2%-$217.6K | |
| CAMDEN PPTY TR | CPT | $9.9M | 86,120 | flat | 8q | -2.1%-$216.4K | |
| NOAH HLDGS LTD | NOAH | $9.6M | 964,486 | -0.01pp | 31q | -5.6%-$570.4K | |
| DARLING INGREDIENTS INC | DAR | $9.3M | 170,846 | -0.01pp | 21q | -9.1%-$932.6K | |
| SAP SE | SAP | $9.3M | 60,529 | -0.21pp | 31q | -80.9%-$39.6M | |
| REGENCY CTRS CORP | REG | $9.3M | 116,340 | -0.01pp | 8q | -16.1%-$1.8M | |
| ESSEX PPTY TR INC | ESS | $8.3M | 28,501 | +0.02pp | 8q | +70.0%+$3.4M | |
| JD.COM INC | JD | $7.2M | 283,280 | -0.01pp | 31q | HELD | |
| TERRENO RLTY CORP | TRNO | $7.2M | 111,037 | flat | 8q | -2.2%-$160.0K | |
| SBA COMMUNICATIONS CORP | SBAC | $7.2M | 40,700 | - | new | NEW | |
| REXFORD INDL RLTY INC | REXR | $6.4M | 191,960 | flat | 8q | -8.4%-$591.3K | |
| EQUITY RESIDENTIAL | EQR | $6.2M | 91,855 | flat | 8q | -13.2%-$944.9K | |
| COMMUNITY HEALTHCARE TR INC | CHCT | $5.9M | 322,890 | flat | 8q | -2.2%-$130.7K | |
| REALTY INCOME CORP | O | $5.7M | 92,720 | flat | 5q | -2.3%-$135.7K | |
| VICI PPTYS INC | VICI | $5.7M | 215,360 | flat | 8q | -2.2%-$128.0K | |
| ANGI INC | ANGI | $5.5M | 932,653 | -0.01pp | 5q | -1.7%-$97.2K | |
| SUN CMNTYS INC | SUI | $5.1M | 42,480 | flat | 6q | -2.2%-$113.9K | |
| HUDSON PACIFIC PROPERTIES IN | HPP | $4.8M | 315,236 | +0.01pp | 3q | -2.2%-$105.4K | |
| ALEXANDRIA REAL ESTATE EQ IN | ARE | $4.3M | 80,467 | -0.02pp | 8q | -55.5%-$5.3M | |
| FERMI INC | FRMI | $4.1M | 451,400 | +0.01pp | 2q | +47.6%+$1.3M | |
| EXTRA SPACE STORAGE INC | EXR | $4.0M | 27,535 | flat | 8q | -2.1%-$87.2K | |
| JONES LANG LASALLE INC | JLL | $3.8M | 12,295 | flat | 2q | -0.8%-$31.0K | |
| CUBESMART | CUBE | $3.6M | 90,280 | flat | 3q | -2.2%-$79.1K | |
| DOUGLAS EMMETT INC | DEI | $3.6M | 301,580 | flat | 8q | -2.2%-$78.7K | |
| CBRE GROUP INC | CBRE | $3.4M | 25,390 | flat | 2q | -0.9%-$29.6K | |
| MID-AMER APT CMNTYS INC | MAA | $3.0M | 21,900 | -0.01pp | 8q | -54.4%-$3.6M | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $1.9M | 3,980 | flat | 5q | -44.7%-$1.5M | |
| LAM RESEARCH CORP | LRCX | $1.2M | 2,780 | flat | 7q | HELD | |
| JANUS LIVING INC | JAN | $1.0M | 35,000 | flat | 2q | +250.0%+$718.5K | |
| ISHARES TR | IVE | $746.6K | 3,288 | -0.01pp | 9q | -71.7%-$1.9M | |
| CROWN HLDGS INC | CCK | $611.7K | 5,470 | flat | 9q | -36.2%-$346.6K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Banks & Lending | $4.5B | 19.1% |
| Insurance | $3.5B | 15.2% |
| Software & IT Services | $3.1B | 13.3% |
| Business Services | $1.7B | 7.4% |
| Healthcare Services | $1.6B | 6.7% |
| Food, Drink & Tobacco | $1.3B | 5.7% |
| Energy | $1.2B | 5.3% |
| Retail & Consumer | $1.2B | 5.3% |
| Biotech & Pharma | $1.2B | 5.1% |
| Semiconductors & Electronics | $833.5M | 3.6% |
| Mining & Metals | $541.4M | 2.3% |
| Medical Devices | $486.7M | 2.1% |
| Other sectors | $1.6B | 6.7% |
| Not classified | $498.1M | 2.1% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $23.3B | 112 | 2 | 17 | 83 | 2 | 48.8% | 42 |
| Q1 2026 | $21.8B | 112 | 6 | 61 | 32 | 2 | 47.3% | 37 |
| Q4 2025 | $22.2B | 108 | 4 | 50 | 40 | 3 | 50.3% | 33 |
| Q3 2025 | $19.2B | 107 | 3 | 45 | 27 | 3 | 50.4% | 90 |
| Q2 2025 | $18.7B | 107 | 8 | 42 | 35 | 5 | 52.1% | 39 |
| Q1 2025 | $17.3B | 104 | 5 | 36 | 49 | 1 | 51.1% | 42 |
| Q4 2024 | $17.2B | 100 | 3 | 16 | 54 | 5 | 53.4% | 38 |
| Q3 2024 | $17.8B | 102 | 37 | 14 | 31 | 3 | 52.5% | 39 |
| Q2 2024 | $17.2B | 68 | 6 | 8 | 23 | 36 | 55.8% | 38 |
| Q1 2024 | $17.8B | 98 | 0 | 8 | 85 | 5 | 56.8% | 44 |
| Q4 2023 | $17.7B | 103 | 3 | 22 | 58 | 4 | 56.5% | 43 |
| Q3 2023 | $15.9B | 104 | 4 | 25 | 52 | 2 | 56.8% | 40 |
| Q2 2023 | $16.4B | 102 | 2 | 33 | 41 | 1 | 58.9% | 40 |
| Q1 2023 | $15.1B | 101 | 1 | 36 | 42 | 9 | 55.5% | 38 |
| Q4 2022 | $14.7B | 109 | 2 | 26 | 52 | 7 | 53.9% | 41 |
| Q3 2022 | $14.1B | 114 | 3 | 10 | 53 | 3 | 53.2% | 41 |
| Q2 2022 | $15.6B | 114 | 2 | 40 | 52 | 9 | 51.0% | 42 |
| Q1 2022 | $19.8B | 121 | 7 | 41 | 66 | 6 | 52.4% | 42 |
| Q4 2021 | $21.5B | 120 | 3 | 21 | 63 | 3 | 52.6% | 42 |
| Q3 2021 | $21.6B | 120 | 4 | 21 | 61 | 3 | 52.0% | 43 |
| Q2 2021 | $24.3B | 119 | 11 | 32 | 53 | 3 | 52.2% | 44 |
| Q1 2021 | $22.9B | 111 | 10 | 29 | 46 | 8 | 52.3% | 43 |
| Q4 2020 | $20.8B | 109 | 2 | 32 | 52 | 7 | 53.2% | 43 |
| Q3 2020 | $18.0B | 114 | 3 | 39 | 50 | 8 | 54.3% | 43 |
| Q2 2020 | $17.3B | 119 | 10 | 39 | 26 | 13 | 54.0% | 43 |
| Q1 2020 | $14.8B | 122 | 4 | 53 | 52 | 16 | 54.5% | 45 |
| Q4 2019 | $20.9B | 134 | 6 | 14 | 76 | 7 | 54.3% | 44 |
| Q3 2019 | $19.9B | 135 | 7 | 51 | 59 | 4 | 53.2% | 44 |
| Q2 2019 | $20.2B | 132 | 5 | 27 | 66 | 8 | 52.4% | 44 |
| Q1 2019 | $20.3B | 135 | 6 | 58 | 49 | 8 | 51.3% | 44 |
| Q4 2018 | $17.9B | 137 | 0 | 0 | 0 | 0 | 51.6% | 43 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.