Davis Asset Management, L.P.

SAUSALITO, CA · CIK 1945894 · 13F filing filed 2026-08-12

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Others nearbySausalito, CA

$3.9bn reported value +14.3% vs Q1 2026

84positions

58.3%in top 10

3 new 9 added 5 reduced 3 sold out vs Q1 2026

Options: 0 call positions (— notional), 1 put positions ($414.2k notional) – listed below, not included above.

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	ALPHABET INC CAP STK CL C GOOG	GOOG	1,049,574	$370.8m9.39%	9.39%	Added +49.6k	+49,574 5.0%
2	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	486	$363.9m9.22%	9.22%	Added +11	+11 2.3%
3	META PLATFORMS INC CL A META	META	517,000	$291.2m7.38%	7.38%	Added +2.0k	+2,000 0.4%
4	WESTERN ALLIANCE BANCORP COM WAL	WAL	3,336,000	$274.2m6.95%	6.95%	Added +253.0k	+253,000 8.2%
5	MARKEL GROUP INC COM MKL	MKL	92,105	$179.9m4.56%	4.56%	Added +21.5k	+21,474 30.4%
6	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	354,216	$177.2m4.49%	4.49%	Added +38.6k	+38,573 12.2%
7	CHUBB LIMITED COM CB	CB	494,556	$168.5m4.27%	4.27%	Unchanged
8	COREBRIDGE FINL INC COM CRBG	CRBG	5,800,000	$166.1m4.21%	4.21%	Reduced -4.0k	-4,000 -0.1%
9	JPMORGAN CHASE & CO COM JPM	JPM	493,896	$161.7m4.09%	4.09%	Added +25.1k	+25,110 5.4%
10	AXOS FINANCIAL INC COM AX	AX	1,535,219	$149.5m3.79%	3.79%	Unchanged
11	PROGRESSIVE CORP COM PGR	PGR	504,510	$110.2m2.79%	2.79%	Unchanged
12	VISA INC COM CL A V	V	320,000	$109.8m2.78%	2.78%	Unchanged
13	GLOBAL PMTS INC COM GPN	GPN	1,485,000	$107.8m2.73%	2.73%	Unchanged
14	FIRST AMERN FINL CORP COM FAF	FAF	1,500,000	$102.9m2.61%	2.61%	Unchanged
15	M & T BK CORP COM MTB	MTB	410,000	$97.6m2.47%	2.47%	Unchanged
16	GOLDMAN SACHS GROUP INC COM GS	GS	92,391	$93.4m2.37%	2.37%	Unchanged
17	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	740,000	$92.1m2.33%	2.33%	Added +200.0k	+200,000 37.0%
18	SERVISFIRST BANCSHARES INC COM SFBS	SFBS	910,376	$79.0m2.00%	2.00%	Unchanged
19	FIVE STAR BANCORP COM FSBC	FSBC	1,511,500	$73.6m1.86%	1.86%	Unchanged
20	EQUITY RESIDENTIAL SH BEN INT VMRK	VMRK	1,065,000	$72.3m1.83%	1.83%	Reduced -3.0k	-3,000 -0.3%
21	ARCH CAP GROUP LTD ORD ACGL	ACGL	650,000	$63.1m1.60%	1.60%	Unchanged
22	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	607,561	$58.3m1.48%	1.48%	Unchanged
23	MARKETAXESS HLDGS INC COM MKTX	MKTX	500,000	$56.7m1.44%	1.44%	Added +391.2k	+391,154 359.4%
24	TRICO BANCSHARES COM TCBK	TCBK	1,046,900	$56.4m1.43%	1.43%	Unchanged
25	AMERIS BANCORP COM ABCB	ABCB	621,800	$56.1m1.42%	1.42%	Unchanged
26	MASTERCARD INCORPORATED CL A MA	MA	102,000	$52.4m1.33%	1.33%	Unchanged
27	CARLYLE GROUP INC COM CG	CG	1,131,000	$47.6m1.21%	1.21%	Unchanged
28	US BANCORP DEL COM NEW USB	USB	715,210	$43.2m1.09%	1.09%	Unchanged
29	OLD SECOND BANCORP INC ILL COM OSBC	OSBC	1,800,000	$42.0m1.06%	1.06%	Unchanged
30	RAYMOND JAMES FINL INC COM RJF	RJF	270,000	$41.0m1.04%	1.04%	Unchanged
31	FB FINL CORP COM FBK	FBK	619,236	$34.3m0.87%	0.87%	Unchanged
32	CNB FINL CORP PA COM CCNE	CCNE	950,000	$32.0m0.81%	0.81%	Unchanged
33	WELLS FARGO CO NEW COM WFC	WFC	337,969	$27.9m0.71%	0.71%	Unchanged
34	INFLEQTION INC COM SHS INFQ	INFQ	2,085,798	$27.8m0.70%	0.70%	New
35	AMERICAN EXPRESS CO COM AXP	AXP	63,000	$21.3m0.54%	0.54%	Unchanged
36	STATE STR CORP COM STT	STT	76,000	$12.9m0.33%	0.33%	Reduced -40.0k	-40,000 -34.5%
37	TIMBERLAND BANCORP INC COM TSBK	TSBK	174,476	$7.8m0.20%	0.20%	Unchanged
38	APPLIED MATLS INC COM AMAT	AMAT	6,626	$4.8m0.12%	0.12%	Unchanged
39	EXXON MOBIL CORP COM XOM	XOM	24,166	$3.3m0.08%	0.08%	Unchanged
40	JOHNSON & JOHNSON COM JNJ	JNJ	12,500	$3.2m0.08%	0.08%	Unchanged
41	COCA COLA CO COM KO	KO	25,000	$2.0m0.05%	0.05%	Unchanged
42	BLACKROCK INC COM BLK	BLK	2,100	$2.0m0.05%	0.05%	Unchanged
43	MGM RESORTS INTERNATIONAL COM MGM	MGM	31,458	$1.5m0.04%	0.04%	Unchanged
44	ALPHABET INC CAP STK CL A GOOGL	GOOGL	4,000	$1.4m0.04%	0.04%	Reduced -750	-750 -15.8%
45	DEERE & CO COM DE	DE	1,943	$1.2m0.03%	0.03%	Unchanged
46	TRAVELERS COMPANIES INC COM TRV	TRV	3,653	$1.2m0.03%	0.03%	Unchanged
47	ELI LILLY & CO COM LLY	LLY	637	$764.0k0.02%	0.02%	Unchanged
48	MERCK & CO INC COM MRK	MRK	4,000	$514.0k0.01%	0.01%	Unchanged
49	LINDE PLC SHS LIN	LIN	900	$467.0k0.01%	0.01%	Unchanged
50	BERKLEY W R CORP COM WRB	WRB	5,804	$409.4k0.01%	0.01%	Unchanged
51	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	1,274	$358.3k0.01%	0.01%	Unchanged
52	SHATTUCK LABS INC COM STTK	STTK	48,276	$335.0k0.01%	0.01%	Unchanged
53	UNION PAC CORP COM UNP	UNP	1,200	$326.4k0.01%	0.01%	Unchanged
54	AFLAC INC COM AFL	AFL	2,000	$234.5k0.01%	0.01%	Unchanged
55	WALMART INC COM WMT	WMT	1,500	$169.9k0.00%	0.00%	Unchanged
56	CORTEVA INC COM CTVA	CTVA	1,835	$155.4k0.00%	0.00%	Unchanged
57	GENERAL ELECTRIC CO COM COM		412	$154.0k0.00%	0.00%	Unchanged
58	QNITY ELECTRONICS INC COMMON STOCK Q	Q	917	$149.8k0.00%	0.00%	Unchanged
59	3M CO COM MMM	MMM	800	$129.5k0.00%	0.00%	Unchanged
60	GE VERNOVA INC COM GEV	GEV	103	$121.0k0.00%	0.00%	Unchanged
61	CISCO SYS INC COM CSCO	CSCO	1,000	$117.5k0.00%	0.00%	Unchanged
62	MARTIN MARIETTA MATLS INC COM MLM	MLM	200	$115.3k0.00%	0.00%	Unchanged
63	PFIZER INC COM PFE	PFE	4,428	$106.6k0.00%	0.00%	Unchanged
64	CITIGROUP INC COM NEW C	C	720	$100.8k0.00%	0.00%	Unchanged
65	DUPONT DE NEMOURS INC COM DWDP	DWDP	611	$82.9k0.00%	0.00%	Reduced -1	-1 -0.1%
66	MCDONALDS CORP COM MCD	MCD	200	$54.1k0.00%	0.00%	Unchanged
67	DOW INC COM DOW	DOW	1,835	$50.2k0.00%	0.00%	New
68	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	460	$26.5k0.00%	0.00%	Unchanged
69	VERIZON COMMUNICATIONS INC PUT PUT		572	$24.2k0.00%	0.00%	Unchanged
70	SOLVENTUM CORP COM SHS SOLV	SOLV	200	$15.4k0.00%	0.00%	New
71	NVIDIA CORPORATION COM NVDA	NVDA	45	$9.0k0.00%	0.00%	Unchanged
72	GE HEALTHCARE TECHNOLOGIES I COMMON STOCK GEHC	GEHC	137	$8.8k0.00%	0.00%	Unchanged
73	VIATRIS INC COM VTRS	VTRS	548	$8.7k0.00%	0.00%	Unchanged
74	DUKE ENERGY CORP NEW COM NEW DUK	DUK	54	$6.8k0.00%	0.00%	Unchanged
75	ORGANON & CO COMMON STOCK OGN	OGN	400	$5.4k0.00%	0.00%	Unchanged
76	CHEMOURS CO COM CC	CC	225	$4.6k0.00%	0.00%	Unchanged
77	AMERICAN INTL GROUP INC COM NEW AIG	AIG	47	$3.5k0.00%	0.00%	Unchanged
78	OCCIDENTAL PETE CORP COM OXY	OXY	67	$3.3k0.00%	0.00%	Unchanged
79	KYNDRYL HLDGS INC COMMON STOCK KD	KD	254	$2.9k0.00%	0.00%	Unchanged
80	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	20	$2.3k0.00%	0.00%	Unchanged
81	UBER TECHNOLOGIES INC COM UBER	UBER	30	$2.2k0.00%	0.00%	Unchanged
82	FOX CORP CL A COM FOXA	FOXA	19	$9910.00%	0.00%	Unchanged
83	VODAFONE GROUP PLC NEW SPONSORED ADR VOD	VOD	47	$6210.00%	0.00%	Unchanged
84	NEWS CORP NEW CL A NWSA	NWSA	14	$3480.00%	0.00%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
DISNEY WALT CO DIS	DIS	19	$1.8k19 shares
TESLA INC TSLA	TSLA	3	$1.1k3 shares
COREWEAVE INC CRWV	CRWV	3	$2323 shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
WEYERHAEUSER CO MTN BE WY · Put	WY	Put	17,301	$414.2k17.3k shares	Unchanged