Davis Selected Advisers

Tucson, AZ · CIK 1036325 · 13F filing filed 2026-08-11

SEC-registered investment adviser since 1988 · limited partnership

Assets managed$30.1bn
Staff121 · 10 in investment roles
Main clients (by assets)Mutual funds and ETFs 54%, Other advisers 23%, Charities 17%
Websitedavisadvisors.com
Form ADV · 2026-03-19SEC adviser record

Legal entityDavis Selected Advisers, L.P. (US)

$23.3bn reported value +6.9% vs Q1 2026

112positions

48.8%in top 10

2 new 18 added 87 reduced 2 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	CAPITAL ONE FINL CORP COM COF	COF	8,270,946	$1.7bn7.13%	7.13%	Reduced -268.8k	-268,790 -3.1%
2	US BANCORP DEL COM NEW USB	USB	21,453,510	$1.3bn5.56%	5.56%	Reduced -784.5k	-784,450 -3.5%
3	CVS HEALTH CORP COM CVS	CVS	11,865,916	$1.2bn5.27%	5.27%	Reduced -373.8k	-373,750 -3.0%
4	VIATRIS INC COM VTRS	VTRS	75,232,254	$1.2bn5.13%	5.13%	Reduced -3.0m	-2,978,937 -3.8%
5	MGM RESORTS INTERNATIONAL COM MGM	MGM	23,903,317	$1.1bn4.91%	4.91%	Reduced -392.0k	-392,021 -1.6%
6	ALPHABET INC CAP STK CL A GOOGL	GOOGL	2,937,160	$1.0bn4.51%	4.51%	Reduced -157.5k	-157,499 -5.1%
7	DEVON ENERGY CORP NEW COM DVN	DVN	25,297,991	$1.0bn4.49%	4.49%	New
8	AMAZON COM INC COM AMZN	AMZN	4,276,176	$1.0bn4.38%	4.38%	Added +850.9k	+850,924 24.8%
9	META PLATFORMS INC CL A META	META	1,648,172	$928.7m3.99%	3.99%	Reduced -71.0k	-70,984 -4.1%
10	MARKEL GROUP INC COM MKL	MKL	406,759	$794.4m3.41%	3.41%	Added +23.3k	+23,326 6.1%
11	TEXAS INSTRS INC COM TXN	TXN	2,437,486	$726.5m3.12%	3.12%	Reduced -412.2k	-412,185 -14.5%
12	TYSON FOODS INC CL A TSN	TSN	12,653,717	$724.5m3.11%	3.11%	Reduced -437.0k	-436,972 -3.3%
13	WELLS FARGO CO NEW COM WFC	WFC	8,008,728	$661.9m2.84%	2.84%	Reduced -182.1k	-182,143 -2.2%
14	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	868	$650.0m2.79%	2.79%	Reduced -55	-55 -6.0%
15	THE CIGNA GROUP COM CI	CI	2,253,424	$621.2m2.67%	2.67%	Added +19.5k	+19,495 0.9%
16	JBS N.V. CL A SHS JBS	JBS	50,016,236	$592.7m2.54%	2.54%	Added +23.8m	+23,771,576 90.6%
17	UNITEDHEALTH GROUP INC COM UNH	UNH	1,274,650	$529.8m2.28%	2.28%	Added +27.2k	+27,174 2.2%
18	TECK RESOURCES LTD CL B TECK	TECK	8,363,497	$497.3m2.14%	2.14%	Reduced -2.2m	-2,221,166 -21.0%
19	SOLVENTUM CORP COM SHS SOLV	SOLV	6,307,729	$486.7m2.09%	2.09%	Reduced -22.6k	-22,596 -0.4%
20	LYONDELLBASELL INDUSTRIES N SHS - A - LYB	LYB	8,698,852	$458.0m1.97%	1.97%	Added +3.1m	+3,102,264 55.4%
21	CHUBB LIMITED COM CB	CB	1,148,090	$391.2m1.68%	1.68%	Reduced -47.3k	-47,301 -4.0%
22	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	738,433	$369.5m1.59%	1.59%	Reduced -11.4k	-11,413 -1.5%
23	TRIP COM GROUP LTD ADS TCOM	TCOM	8,761,371	$349.1m1.50%	1.50%	Added +2.2m	+2,206,259 33.7%
24	OWENS CORNING NEW COM OC	OC	2,081,213	$330.7m1.42%	1.42%	Reduced -19.7k	-19,722 -0.9%
25	QUEST DIAGNOSTICS INC COM DGX	DGX	1,555,612	$329.8m1.42%	1.42%	Reduced -62.2k	-62,201 -3.8%
26	PINTEREST INC CL A PINS	PINS	12,574,721	$264.5m1.14%	1.14%	Added +174.6k	+174,620 1.4%
27	AGCO CORP COM AGCO	AGCO	2,058,488	$246.4m1.06%	1.06%	Reduced -28.2k	-28,155 -1.4%
28	FULL TRUCK ALLIANCE CO LTD SPONSORED ADS YMM	YMM	27,639,082	$224.4m0.96%	0.96%	Reduced -1.1m	-1,124,109 -3.9%
29	RESTAURANT BRANDS INTL INC COM QSR	QSR	2,800,345	$203.0m0.87%	0.87%	Reduced -798.8k	-798,782 -22.2%
30	ALPHABET INC CAP STK CL C GOOG	GOOG	564,274	$199.4m0.86%	0.86%	Reduced -113.3k	-113,333 -16.7%
31	CONOCOPHILLIPS COM COP	COP	1,877,583	$195.2m0.84%	0.84%	Added +2.2k	+2,155 0.1%
32	SEA LTD SPONSORD ADS SE	SE	2,011,812	$192.8m0.83%	0.83%	Added +162.0k	+161,981 8.8%
33	DAVIS FUNDAMENTAL ETF TR SELECT US EQTY DUSA	DUSA	3,400,745	$191.1m0.82%	0.82%	Unchanged
34	APPLOVIN CORP COM CL A APP	APP	315,539	$162.7m0.70%	0.70%	Reduced -20.3k	-20,271 -6.0%
35	JPMORGAN CHASE & CO COM JPM	JPM	476,389	$155.9m0.67%	0.67%	Reduced -80.1k	-80,063 -14.4%
36	FIFTH THIRD BANCORP COM FITB	FITB	2,684,183	$151.3m0.65%	0.65%	Reduced -129.3k	-129,342 -4.6%
37	WESCO INTL INC COM WCC	WCC	363,915	$125.5m0.54%	0.54%	Reduced -17.1k	-17,092 -4.5%
38	PNC FINL SVCS GROUP INC COM PNC	PNC	496,066	$122.1m0.52%	0.52%	Reduced -45.9k	-45,856 -8.5%
39	DAVIS FUNDAMENTAL ETF TR SELCT INTL ETF DINT	DINT	3,915,748	$111.6m0.48%	0.48%	Unchanged
40	IAC INC COM NEW PPLI	PPLI	2,394,024	$110.5m0.47%	0.47%	Reduced -19.2k	-19,223 -0.8%
41	DAVIS FUNDAMENTAL ETF TR SELECT FINL DFNL	DFNL	2,130,666	$105.2m0.45%	0.45%	Unchanged
42	DAVIS FUNDAMENTAL ETF TR SELECT WRLD WI DWLD	DWLD	1,935,585	$89.5m0.38%	0.38%	Unchanged
43	NETEASE INC SPONSORED ADS NTES	NTES	612,955	$78.5m0.34%	0.34%	Added +190.2k	+190,243 45.0%
44	RENAISSANCERE HLDGS LTD COM RNR	RNR	234,528	$74.3m0.32%	0.32%	Reduced -22.7k	-22,662 -8.8%
45	APPLIED MATLS INC COM AMAT	AMAT	102,521	$74.1m0.32%	0.32%	Reduced -1.1m	-1,094,581 -91.4%
46	AMERICAN EXPRESS CO COM AXP	AXP	209,821	$71.0m0.30%	0.30%	Reduced -23.3k	-23,305 -10.0%
47	ROCKET COS INC COM CL A RKT	RKT	4,463,148	$70.3m0.30%	0.30%	Reduced -360.4k	-360,422 -7.5%
48	LOEWS CORP COM L	L	545,211	$61.7m0.27%	0.27%	Reduced -68.9k	-68,886 -11.2%
49	BANK OF NT BUTTERFIELD&SON L SHS NEW NTB	NTB	1,012,140	$60.2m0.26%	0.26%	Reduced -61.0k	-60,989 -5.7%
50	BANK AMERICA CORP COM BAC	BAC	992,776	$56.6m0.24%	0.24%	Reduced -166.4k	-166,428 -14.4%
51	BANK NEW YORK MELLON CORP COM BNY	BNY	366,448	$53.0m0.23%	0.23%	Reduced -158.8k	-158,780 -30.2%
52	CHIME FINL INC COM SHS CL A CHYM	CHYM	2,331,776	$47.8m0.21%	0.21%	Reduced -207.4k	-207,430 -8.2%
53	EVEREST GROUP LTD COM EG	EG	126,423	$45.2m0.19%	0.19%	Reduced -14.5k	-14,485 -10.3%
54	VALE S A SPONSORED ADS VALE	VALE	2,929,850	$44.1m0.19%	0.19%	Reduced -1.3k	-1,348 -0.1%
55	MICROSOFT CORP COM MSFT	MSFT	92,973	$34.7m0.15%	0.15%	Added +14.5k	+14,484 18.4%
56	NVIDIA CORPORATION COM NVDA	NVDA	154,727	$31.0m0.13%	0.13%	Added +41.2k	+41,171 36.3%
57	KE HLDGS INC SPONSORED ADS BEKE	BEKE	1,850,782	$26.9m0.12%	0.12%	Reduced -1.0k	-1,022 -0.1%
58	SCHWAB CHARLES CORP COM SCHW	SCHW	289,871	$26.7m0.11%	0.11%	Reduced -21.1k	-21,111 -6.8%
59	FISERV INC COM FISV	FISV	539,839	$26.5m0.11%	0.11%	Reduced -49.0k	-49,046 -8.3%
60	STATE STR CORP COM STT	STT	147,966	$25.1m0.11%	0.11%	Reduced -4.2k	-4,234 -2.8%
61	PROLOGIS INC. COM PLD	PLD	178,556	$24.2m0.10%	0.10%	Reduced -4.0k	-4,030 -2.2%
62	JOHNSON CTLS INTL PLC SHS JCI	JCI	141,422	$20.7m0.09%	0.09%	Reduced -52.5k	-52,458 -27.1%
63	EQUINIX INC COM EQIX	EQIX	19,313	$20.1m0.09%	0.09%	Reduced -1.9k	-1,910 -9.0%
64	COUSINS PPTYS INC COM NEW CUZ	CUZ	573,605	$17.2m0.07%	0.07%	Reduced -12.9k	-12,860 -2.2%
65	BXP INC COM BXP	BXP	232,050	$15.4m0.07%	0.07%	Reduced -5.1k	-5,140 -2.2%
66	BRIXMOR PPTY GROUP INC COM BRX	BRX	477,150	$15.0m0.06%	0.06%	Reduced -86.0k	-86,020 -15.3%
67	ADOBE INC COM ADBE	ADBE	67,894	$13.9m0.06%	0.06%	Added +22.8k	+22,755 50.4%
68	M & T BK CORP COM MTB	MTB	58,072	$13.8m0.06%	0.06%	Reduced -2.2k	-2,233 -3.7%
69	HEALTHPEAK PROPERTIES INC COM DOC	DOC	631,026	$13.5m0.06%	0.06%	Reduced -14.2k	-14,180 -2.2%
70	DIGITAL RLTY TR INC COM DLR	DLR	73,280	$13.2m0.06%	0.06%	Reduced -5.6k	-5,600 -7.1%
71	PUBLIC STORAGE COM PSA	PSA	37,740	$12.0m0.05%	0.05%	Reduced -3.5k	-3,520 -8.5%
72	AVALONBAY CMNTYS INC COM AVB	AVB	59,890	$11.3m0.05%	0.05%	Reduced -20.1k	-20,080 -25.1%
73	SYNOPSYS INC COM SNPS	SNPS	24,962	$11.1m0.05%	0.05%	Reduced -951	-951 -3.7%
74	SIMON PPTY GROUP INC NEW COM SPG	SPG	49,318	$11.0m0.05%	0.05%	Reduced -1.1k	-1,140 -2.3%
75	ORACLE CORP COM ORCL	ORCL	74,923	$11.0m0.05%	0.05%	Reduced -5.5k	-5,491 -6.8%
76	AMERICAN HOMES 4 RENT CL A AMH	AMH	325,590	$10.9m0.05%	0.05%	Added +48.4k	+48,420 17.5%
77	COPT DEFENSE PROPERTIES SHS BEN INT CDP	CDP	292,700	$10.7m0.05%	0.05%	Reduced -6.5k	-6,500 -2.2%
78	TRUIST FINL CORP COM TFC	TFC	208,391	$10.4m0.04%	0.04%	Reduced -16.4k	-16,414 -7.3%
79	EASTGROUP PPTYS INC COM EGP	EGP	51,230	$10.4m0.04%	0.04%	Reduced -1.1k	-1,140 -2.2%
80	AMERICAN TOWER CORP NEW COM AMT	AMT	63,250	$10.3m0.04%	0.04%	Reduced -1.4k	-1,370 -2.1%
81	SUNSTONE HOTEL INVS INC NEW COM SHO	SHO	870,120	$10.0m0.04%	0.04%	Reduced -19.6k	-19,600 -2.2%
82	VENTAS INC COM VTR	VTR	111,420	$9.9m0.04%	0.04%	Reduced -2.5k	-2,450 -2.1%
83	CAMDEN PPTY TR SH BEN INT CPT	CPT	86,120	$9.9m0.04%	0.04%	Reduced -1.9k	-1,890 -2.1%
84	NOAH HLDGS LTD SPON ADS NOAH	NOAH	964,486	$9.6m0.04%	0.04%	Reduced -57.1k	-57,099 -5.6%
85	DARLING INGREDIENTS INC COM DAR	DAR	170,846	$9.3m0.04%	0.04%	Reduced -17.1k	-17,059 -9.1%
86	SAP SE SPON ADR SAP	SAP	60,529	$9.3m0.04%	0.04%	Reduced -256.9k	-256,893 -80.9%
87	REGENCY CTRS CORP COM REG	REG	116,340	$9.3m0.04%	0.04%	Reduced -22.3k	-22,290 -16.1%
88	ESSEX PPTY TR INC COM ESS	ESS	28,501	$8.3m0.04%	0.04%	Added +11.7k	+11,740 70.0%
89	JD.COM INC SPON ADS CL A JD	JD	283,280	$7.2m0.03%	0.03%	Reduced -138	-138 -0.1%
90	TERRENO RLTY CORP COM TRNO	TRNO	111,037	$7.2m0.03%	0.03%	Reduced -2.5k	-2,470 -2.2%
91	SBA COMMUNICATIONS CORP NEW CL A SBAC	SBAC	40,700	$7.2m0.03%	0.03%	New
92	REXFORD INDL RLTY INC COM REXR	REXR	191,960	$6.4m0.03%	0.03%	Reduced -17.6k	-17,650 -8.4%
93	EQUITY RESIDENTIAL SH BEN INT VMRK	VMRK	91,855	$6.2m0.03%	0.03%	Reduced -13.9k	-13,910 -13.2%
94	COMMUNITY HEALTHCARE TR INC COM CHCT	CHCT	322,890	$5.9m0.03%	0.03%	Reduced -7.2k	-7,150 -2.2%
95	REALTY INCOME CORP COM O	O	92,720	$5.7m0.02%	0.02%	Reduced -2.2k	-2,190 -2.3%
96	VICI PPTYS INC COM VICI	VICI	215,360	$5.7m0.02%	0.02%	Reduced -4.8k	-4,820 -2.2%
97	ANGI INC CL A NEW ANGI	ANGI	932,653	$5.5m0.02%	0.02%	Reduced -16.3k	-16,340 -1.7%
98	SUN CMNTYS INC COM SUI	SUI	42,480	$5.1m0.02%	0.02%	Reduced -950	-950 -2.2%
99	HUDSON PACIFIC PROPERTIES IN COM HPP	HPP	315,236	$4.8m0.02%	0.02%	Reduced -6.9k	-6,940 -2.1%
100	ALEXANDRIA REAL ESTATE EQ IN COM ARE	ARE	80,467	$4.3m0.02%	0.02%	Reduced -100.3k	-100,340 -55.5%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
COTERRA ENERGY INC CTRA	CTRA	37,119,404	$1.3bn37.1m shares
CROWN CASTLE INC CCI	CCI	41,920	$3.4m41.9k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
MGM RESORTS INTERNATIONAL MGM · 13G · filed 2026-08-12	MGM	9.3%≈ $1.1bn	-0.2 pts	13G	2026-08-12
VIATRIS INC VTRS · 13G · filed 2026-08-12	VTRS	6.5%≈ $1.2bn	-0.3 pts	13G	2026-08-12
JBS N.V. JBS · 13G · filed 2026-08-12	JBS	6.5%≈ $592.7m	new	13G	2026-08-12