Davis Asset Management, L.P.
Reported holdings as of Q2 2026, from 16 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| ALPHABET INC | GOOG | $370.8M | 1,049,574 | +1.09pp | 16q | +5.0%+$17.5M | |
| BERKSHIRE HATHAWAY INC DEL | BRKA | $363.9M | 486 | -0.65pp | 16q | +2.3%+$8.2M | |
| META PLATFORMS INC | META | $291.2M | 517,000 | -1.15pp | 16q | HELD | |
| WESTERN ALLIANCE BANCORP | WAL | $274.2M | 3,336,000 | +0.62pp | 16q | +8.2%+$20.8M | |
| MARKEL GROUP INC | MKL | $179.9M | 92,105 | +0.64pp | 16q | +30.4%+$41.9M | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $177.2M | 354,216 | +0.11pp | 16q | +12.2%+$19.3M | |
| CHUBB LIMITED | CB | $168.5M | 494,556 | -0.40pp | 16q | HELD | |
| COREBRIDGE FINL INC | CRBG | $166.1M | 5,800,000 | +0.20pp | 11q | HELD | |
| JPMORGAN CHASE & CO | JPM | $161.7M | 493,896 | +0.10pp | 2q | +5.4%+$8.2M | |
| AXOS FINANCIAL INC | AX | $149.5M | 1,535,219 | +0.20pp | 16q | HELD | |
| PROGRESSIVE CORP | PGR | $110.2M | 504,510 | -0.10pp | 2q | HELD | |
| VISA INC | V | $109.8M | 320,000 | -0.02pp | 16q | HELD | |
| GLOBAL PMTS INC | GPN | $107.8M | 1,485,000 | -0.16pp | 16q | HELD | |
| FIRST AMERN FINL CORP | FAF | $102.9M | 1,500,000 | -0.01pp | 5q | HELD | |
| M & T BK CORP | MTB | $97.6M | 410,000 | +0.02pp | 14q | HELD | |
| GOLDMAN SACHS GROUP INC | GS | $93.4M | 92,391 | +0.10pp | 2q | HELD | |
| ACCENTURE PLC IRELAND | ACN | $92.1M | 740,000 | -0.77pp | 4q | +37.0%+$24.9M | |
| SERVISFIRST BANCSHARES INC | SFBS | $79.0M | 910,376 | +0.08pp | 16q | HELD | |
| FIVE STAR BANCORP | FSBC | $73.6M | 1,511,500 | +0.21pp | 16q | HELD | |
| EQUITY RESIDENTIAL | EQR | $72.3M | 1,065,000 | flat | 11q | HELD | |
| ARCH CAP GROUP LTD | ACGL | $63.1M | 650,000 | -0.21pp | 16q | HELD | |
| ALIBABA GROUP HLDG LTD | BABA | $58.3M | 607,561 | -0.73pp | 16q | HELD | |
| MARKETAXESS HLDGS INC | MKTX | $56.7M | 500,000 | +0.92pp | 2q | +359.4%+$44.4M | |
| TRICO BANCSHARES | TCBK | $56.4M | 1,046,900 | -0.01pp | 16q | HELD | |
| AMERIS BANCORP | ABCB | $56.1M | 621,800 | +0.02pp | 15q | HELD | |
| MASTERCARD INCORPORATED | MA | $52.4M | 102,000 | -0.15pp | 16q | HELD | |
| CARLYLE GROUP INC | CG | $47.6M | 1,131,000 | -0.38pp | 16q | HELD | |
| US BANCORP | USB | $43.2M | 715,210 | +0.02pp | 16q | HELD | |
| OLD SECOND BANCORP INC DEL | OSBC | $42.0M | 1,800,000 | +0.01pp | 9q | HELD | |
| RAYMOND JAMES FINL INC | RJF | $41.0M | 270,000 | -0.09pp | 16q | HELD | |
| FB FINL CORP | FBK | $34.3M | 619,236 | -0.06pp | 4q | HELD | |
| CNB FINL CORP PA | CCNE | $32.0M | 950,000 | +0.01pp | 16q | HELD | |
| WELLS FARGO & CO | WFC | $27.9M | 337,969 | -0.07pp | 2q | HELD | |
| INFLEQTION INC | INFQ | $27.8M | 2,085,798 | - | new | NEW | |
| AMERICAN EXPRESS CO | AXP | $21.3M | 63,000 | -0.01pp | 2q | HELD | |
| STATE STR CORP | STT | $12.9M | 76,000 | -0.10pp | 2q | -34.5%-$6.8M | |
| TIMBERLAND BANCORP INC | TSBK | $7.8M | 174,476 | flat | 16q | HELD | |
| APPLIED MATLS INC | AMAT | $4.8M | 6,626 | +0.06pp | 2q | HELD | |
| EXXON MOBIL CORP | XOMXXXX | $3.3M | 24,166 | -0.03pp | 2q | HELD | |
| JOHNSON & JOHNSON | JNJ | $3.2M | 12,500 | -0.01pp | 2q | HELD | |
| COCA COLA CO | KO | $2.0M | 25,000 | flat | 2q | HELD | |
| BLACKROCK INC | BLK | $2.0M | 2,100 | -0.01pp | 2q | HELD | |
| MGM RESORTS INTERNATIONAL | MGM | $1.5M | 31,458 | flat | 2q | HELD | |
| ALPHABET INC | GOOGL | $1.4M | 4,000 | flat | 2q | -15.8%-$268.0K | |
| DEERE & CO | DE | $1.2M | 1,943 | flat | 2q | HELD | |
| TRAVELERS COMPANIES INC | TRV | $1.2M | 3,653 | flat | 2q | HELD | |
| ELI LILLY & CO | LLY | $764.0K | 637 | flat | 2q | HELD | |
| MERCK & CO INC | MRK | $514.0K | 4,000 | flat | 2q | HELD | |
| LINDE PLC | LIN | $467.0K | 900 | flat | 2q | HELD | |
| WEYERHAEUSER CO OPT | WY | $414.2K | 17,301 | flat | 2q | HELD | |
| BERKLEY W R CORP | WRB | $409.4K | 5,804 | flat | 2q | HELD | |
| INTERNATIONAL BUSINESS MACHS | IBM | $358.3K | 1,274 | flat | 2q | HELD | |
| SHATTUCK LABS INC | STTK | $335.0K | 48,276 | flat | 2q | HELD | |
| UNION PAC CORP | UNP | $326.4K | 1,200 | flat | 2q | HELD | |
| AFLAC INC | AFL | $234.5K | 2,000 | flat | 2q | HELD | |
| WALMART INC | WMT | $169.9K | 1,500 | flat | 2q | HELD | |
| CORTEVA INC | CTVA | $155.4K | 1,835 | flat | 2q | HELD | |
| GENERAL ELECTRIC CO | GEXXXX | $154.0K | 412 | flat | 2q | HELD | |
| QNITY ELECTRONICS INC | Q | $149.8K | 917 | flat | 2q | HELD | |
| 3M CO | MMM | $129.5K | 800 | flat | 2q | HELD | |
| GE VERNOVA INC | GEV | $121.0K | 103 | flat | 2q | HELD | |
| CISCO SYS INC | CSCO | $117.5K | 1,000 | flat | 2q | HELD | |
| MARTIN MARIETTA MATLS INC | MLM | $115.3K | 200 | flat | 2q | HELD | |
| PFIZER INC | PFE | $106.6K | 4,428 | flat | 2q | HELD | |
| CITIGROUP INC | C | $100.8K | 720 | flat | 2q | HELD | |
| DUPONT DE NEMOURS INC | DD | $82.9K | 611 | flat | 2q | -66.7%-$166.0K | |
| MCDONALDS CORP | MCD | $54.1K | 200 | flat | 2q | HELD | |
| DOW HLDGS INC | DOW | $50.2K | 1,835 | - | new | NEW | |
| BRISTOL-MYERS SQUIBB CO | BMY | $26.5K | 460 | flat | 2q | HELD | |
| VERIZON COMMUNICATIONS INC OPT | VZ | $24.2K | 572 | flat | 2q | HELD | |
| SOLVENTUM CORP | SOLV | $15.4K | 200 | - | new | NEW | |
| NVIDIA CORPORATION | NVDA | $9.0K | 45 | flat | 2q | HELD | |
| GE HEALTHCARE TECHNOLOGIES I | GEHC | $8.8K | 137 | flat | 2q | HELD | |
| VIATRIS INC | VTRS | $8.7K | 548 | flat | 2q | HELD | |
| DUKE ENERGY CORP NEW | DUK | $6.8K | 54 | flat | 2q | HELD | |
| ORGANON & CO | OGN | $5.4K | 400 | flat | 2q | HELD | |
| CHEMOURS CO | CC | $4.6K | 225 | flat | 2q | HELD | |
| AMERICAN INTL GROUP INC | AIG | $3.5K | 47 | flat | 2q | HELD | |
| OCCIDENTAL PETE CORP | OXY | $3.3K | 67 | flat | 2q | HELD | |
| KYNDRYL HLDGS INC | KD | $2.9K | 254 | flat | 2q | HELD | |
| PALANTIR TECHNOLOGIES INC | PLTR | $2.3K | 20 | flat | 2q | HELD | |
| UBER TECHNOLOGIES INC | UBER | $2.2K | 30 | flat | 2q | HELD | |
| FOX CORP | FOXA | $991 | 19 | flat | 2q | HELD | |
| VODAFONE GROUP PLC | VOD | $621 | 47 | flat | 2q | HELD | |
| NEWS CORP NEW | NWSA | $348 | 14 | flat | 2q | HELD |
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 |
|---|---|---|
| Insurance | $1.3B | 33.8% |
| Banks & Lending | $1.2B | 29.6% |
| Software & IT Services | $691.3M | 17.5% |
| Business Services | $421.8M | 10.7% |
| Capital Markets | $240.9M | 6.1% |
| Real Estate | $72.8M | 1.8% |
| Other sectors | $15.4M | 0.4% |
| Not classified | $3.5M | 0.1% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $3.9B | 85 | 3 | 8 | 3 | 3 | 58.3% | 43 |
| Q1 2026 | $3.5B | 85 | 56 | 20 | 0 | 1 | 57.6% | 45 |
| Q4 2025 | $2.8B | 30 | 0 | 5 | 0 | 1 | 59.9% | 44 |
| Q3 2025 | $2.8B | 31 | 2 | 3 | 1 | 2 | 59.3% | 45 |
| Q2 2025 | $2.6B | 31 | 1 | 4 | 0 | 1 | 60.8% | 44 |
| Q1 2025 | $2.4B | 31 | 0 | 0 | 0 | 0 | 59.6% | 42 |
| Q4 2024 | $2.5B | 31 | 0 | 1 | 9 | 2 | 61.3% | 45 |
| Q3 2024 | $2.5B | 33 | 0 | 3 | 2 | 1 | 56.7% | 43 |
| Q2 2024 | $2.2B | 34 | 1 | 2 | 3 | 0 | 56.7% | 44 |
| Q1 2024 | $2.3B | 33 | 0 | 0 | 32 | 0 | 56.3% | 43 |
| Q4 2023 | $4.1B | 33 | 2 | 29 | 1 | 1 | 56.7% | 43 |
| Q3 2023 | $1.7B | 32 | 0 | 4 | 2 | 0 | 58.6% | 44 |
| Q2 2023 | $1.7B | 32 | 0 | 3 | 2 | 0 | 59.2% | 45 |
| Q1 2023 | $1.6B | 32 | 2 | 5 | 2 | 1 | 56.0% | 41 |
| Q4 2022 | $1.8B | 31 | 1 | 5 | 0 | 1 | 58.4% | 44 |
| Q3 2022 | $1.7B | 31 | 0 | 0 | 0 | 0 | 59.7% | 45 |
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.