# Davis Asset Management, L.P.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1945894. Source: https://holderbook.com/funds/1945894-davis-asset-management-l-p/

- Reported value: $3.9B
- Positions: 85
- Weight of the ten largest: 58.3%
- Filed: 2026-08-12

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 |
|---|---|---|---|---|---|
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $370.8M | 1,049,574 | 9.4% | 16 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $363.9M | 486 | 9.2% | 16 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $291.2M | 517,000 | 7.4% | 16 |
| WESTERN ALLIANCE BANCORP | [WAL](https://holderbook.com/stocks/WAL/) | $274.2M | 3,336,000 | 6.9% | 16 |
| MARKEL GROUP INC | [MKL](https://holderbook.com/stocks/MKL/) | $179.9M | 92,105 | 4.6% | 16 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $177.2M | 354,216 | 4.5% | 16 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $168.5M | 494,556 | 4.3% | 16 |
| COREBRIDGE FINL INC | [CRBG](https://holderbook.com/stocks/CRBG/) | $166.1M | 5,800,000 | 4.2% | 11 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $161.7M | 493,896 | 4.1% | 2 |
| AXOS FINANCIAL INC | [AX](https://holderbook.com/stocks/AX/) | $149.5M | 1,535,219 | 3.8% | 16 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $110.2M | 504,510 | 2.8% | 2 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $109.8M | 320,000 | 2.8% | 16 |
| GLOBAL PMTS INC | [GPN](https://holderbook.com/stocks/GPN/) | $107.8M | 1,485,000 | 2.7% | 16 |
| FIRST AMERN FINL CORP | [FAF](https://holderbook.com/stocks/FAF/) | $102.9M | 1,500,000 | 2.6% | 5 |
| M & T BK CORP | [MTB](https://holderbook.com/stocks/MTB/) | $97.6M | 410,000 | 2.5% | 14 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $93.4M | 92,391 | 2.4% | 2 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $92.1M | 740,000 | 2.3% | 4 |
| SERVISFIRST BANCSHARES INC | [SFBS](https://holderbook.com/stocks/SFBS/) | $79.0M | 910,376 | 2.0% | 16 |
| FIVE STAR BANCORP | [FSBC](https://holderbook.com/stocks/FSBC/) | $73.6M | 1,511,500 | 1.9% | 16 |
| EQUITY RESIDENTIAL | [EQR](https://holderbook.com/stocks/EQR/) | $72.3M | 1,065,000 | 1.8% | 11 |
| ARCH CAP GROUP LTD | [ACGL](https://holderbook.com/stocks/ACGL/) | $63.1M | 650,000 | 1.6% | 16 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $58.3M | 607,561 | 1.5% | 16 |
| MARKETAXESS HLDGS INC | [MKTX](https://holderbook.com/stocks/MKTX/) | $56.7M | 500,000 | 1.4% | 2 |
| TRICO BANCSHARES | [TCBK](https://holderbook.com/stocks/TCBK/) | $56.4M | 1,046,900 | 1.4% | 16 |
| AMERIS BANCORP | [ABCB](https://holderbook.com/stocks/ABCB/) | $56.1M | 621,800 | 1.4% | 15 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $52.4M | 102,000 | 1.3% | 16 |
| CARLYLE GROUP INC | [CG](https://holderbook.com/stocks/CG/) | $47.6M | 1,131,000 | 1.2% | 16 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $43.2M | 715,210 | 1.1% | 16 |
| OLD SECOND BANCORP INC DEL | [OSBC](https://holderbook.com/stocks/OSBC/) | $42.0M | 1,800,000 | 1.1% | 9 |
| RAYMOND JAMES FINL INC | [RJF](https://holderbook.com/stocks/RJF/) | $41.0M | 270,000 | 1.0% | 16 |
| FB FINL CORP | [FBK](https://holderbook.com/stocks/FBK/) | $34.3M | 619,236 | 0.9% | 4 |
| CNB FINL CORP PA | [CCNE](https://holderbook.com/stocks/CCNE/) | $32.0M | 950,000 | 0.8% | 16 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $27.9M | 337,969 | 0.7% | 2 |
| INFLEQTION INC | [INFQ](https://holderbook.com/stocks/INFQ/) | $27.8M | 2,085,798 | 0.7% | 1 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $21.3M | 63,000 | 0.5% | 2 |
| STATE STR CORP | [STT](https://holderbook.com/stocks/STT/) | $12.9M | 76,000 | 0.3% | 2 |
| TIMBERLAND BANCORP INC | [TSBK](https://holderbook.com/stocks/TSBK/) | $7.8M | 174,476 | 0.2% | 16 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $4.8M | 6,626 | 0.1% | 2 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $3.3M | 24,166 | 0.1% | 2 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $3.2M | 12,500 | 0.1% | 2 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $2.0M | 25,000 | 0.1% | 2 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $2.0M | 2,100 | 0.1% | 2 |
| MGM RESORTS INTERNATIONAL | [MGM](https://holderbook.com/stocks/MGM/) | $1.5M | 31,458 | 0.0% | 2 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.4M | 4,000 | 0.0% | 2 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $1.2M | 1,943 | 0.0% | 2 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $1.2M | 3,653 | 0.0% | 2 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $764.0K | 637 | 0.0% | 2 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $514.0K | 4,000 | 0.0% | 2 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $467.0K | 900 | 0.0% | 2 |
| WEYERHAEUSER CO | [WY](https://holderbook.com/stocks/WY/) | $414.2K | 17,301 | 0.0% | 2 |
| BERKLEY W R CORP | [WRB](https://holderbook.com/stocks/WRB/) | $409.4K | 5,804 | 0.0% | 2 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $358.3K | 1,274 | 0.0% | 2 |
| SHATTUCK LABS INC | [STTK](https://holderbook.com/stocks/STTK/) | $335.0K | 48,276 | 0.0% | 2 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $326.4K | 1,200 | 0.0% | 2 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $234.5K | 2,000 | 0.0% | 2 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $169.9K | 1,500 | 0.0% | 2 |
| CORTEVA INC | [CTVA](https://holderbook.com/stocks/CTVA/) | $155.4K | 1,835 | 0.0% | 2 |
| GENERAL ELECTRIC CO | [GEXXXX](https://holderbook.com/stocks/GEXXXX/) | $154.0K | 412 | 0.0% | 2 |
| QNITY ELECTRONICS INC | [Q](https://holderbook.com/stocks/Q/) | $149.8K | 917 | 0.0% | 2 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $129.5K | 800 | 0.0% | 2 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $121.0K | 103 | 0.0% | 2 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $117.5K | 1,000 | 0.0% | 2 |
| MARTIN MARIETTA MATLS INC | [MLM](https://holderbook.com/stocks/MLM/) | $115.3K | 200 | 0.0% | 2 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $106.6K | 4,428 | 0.0% | 2 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $100.8K | 720 | 0.0% | 2 |
| DUPONT DE NEMOURS INC | [DD](https://holderbook.com/stocks/DD/) | $82.9K | 611 | 0.0% | 2 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $54.1K | 200 | 0.0% | 2 |
| DOW HLDGS INC | [DOW](https://holderbook.com/stocks/DOW/) | $50.2K | 1,835 | 0.0% | 1 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $26.5K | 460 | 0.0% | 2 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $24.2K | 572 | 0.0% | 2 |
| SOLVENTUM CORP | [SOLV](https://holderbook.com/stocks/SOLV/) | $15.4K | 200 | 0.0% | 1 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $9.0K | 45 | 0.0% | 2 |
| GE HEALTHCARE TECHNOLOGIES I | [GEHC](https://holderbook.com/stocks/GEHC/) | $8.8K | 137 | 0.0% | 2 |
| VIATRIS INC | [VTRS](https://holderbook.com/stocks/VTRS/) | $8.7K | 548 | 0.0% | 2 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $6.8K | 54 | 0.0% | 2 |
| ORGANON & CO | [OGN](https://holderbook.com/stocks/OGN/) | $5.4K | 400 | 0.0% | 2 |
| CHEMOURS CO | [CC](https://holderbook.com/stocks/CC/) | $4.6K | 225 | 0.0% | 2 |
| AMERICAN INTL GROUP INC | [AIG](https://holderbook.com/stocks/AIG/) | $3.5K | 47 | 0.0% | 2 |
| OCCIDENTAL PETE CORP | [OXY](https://holderbook.com/stocks/OXY/) | $3.3K | 67 | 0.0% | 2 |
| KYNDRYL HLDGS INC | [KD](https://holderbook.com/stocks/KD/) | $2.9K | 254 | 0.0% | 2 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $2.3K | 20 | 0.0% | 2 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $2.2K | 30 | 0.0% | 2 |
| FOX CORP | [FOXA](https://holderbook.com/stocks/FOXA/) | $991 | 19 | 0.0% | 2 |
| VODAFONE GROUP PLC | [VOD](https://holderbook.com/stocks/VOD/) | $621 | 47 | 0.0% | 2 |
| NEWS CORP NEW | [NWSA](https://holderbook.com/stocks/NWSA/) | $348 | 14 | 0.0% | 2 |

## 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 | +8.1% | +14.8% | -6.8% | 100% |
| Q1 2026 | -7.5% | -4.6% | -2.8% | 100% |
| Q4 2025 | +2.1% | +2.4% | -0.3% | 100% |
| Q3 2025 | +7.4% | +7.8% | -0.5% | 99% |
| Q2 2025 | +5.7% | +10.5% | -4.8% | 100% |
| Q1 2025 | -1.9% | -4.6% | +2.6% | 100% |
| Q4 2024 | +4.8% | +2.1% | +2.7% | 100% |
| Q3 2024 | +12.6% | +5.4% | +7.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $3.9B | 85 |
| Q1 2026 | $3.5B | 85 |
| Q4 2025 | $2.8B | 30 |
| Q3 2025 | $2.8B | 31 |
| Q2 2025 | $2.6B | 31 |
| Q1 2025 | $2.4B | 31 |
| Q4 2024 | $2.5B | 31 |
| Q3 2024 | $2.5B | 33 |
| Q2 2024 | $2.2B | 34 |
| Q1 2024 | $2.3B | 33 |
| Q4 2023 | $4.1B | 33 |
| Q3 2023 | $1.7B | 32 |