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Davis Selected Advisers — 13F Holdings & Portfolio

CIK 1036325 · latest 13F-HR filed 2026-08-11

Backtest portfolio

Davis Selected Advisers manages $23.29B in 13F-reported U.S. long-equity assets across 112 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are COF (7.13%), USB (5.56%), CVS (5.27%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 2 new positions and exited 2; 53 existing positions rose in reported value and 30 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$23.29B

Long-equity book

Holdings
112

Distinct positions

Period
2026-06-30

Filed 2026-08-11

Q/Q Activity
+2 / −2 / ↑53 / ↓30

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
COF7.1% · -3%USB5.6% · -4%CVS5.3% · -3%VTRS5.1% · -4%MGM4.9% · -2%GOOGL4.5% · -5%DVN4.5% · newAMZN4.4% · +25%META4.0% · -4%MKL3.4% · +6%TXN3.1% · -14%TSN3.1% · -3%WFC2.8% · -2%BRK.A2.8% · -6%CI2.7% · +1%JBS2.5% · +91%UNH2.3% · +2%TECK2.1% · -21%SOLV2.1% · -0%LYB2.0% · +55%CB1.7% · -4%BRK.B1.6% · -2%TCOM1.5% · +34%OC1.4% · -1%DGX1.4% · -4%PINS1.1% · +1%AGCO1.1% · -1%YMM1.0% · -4%QSR0.9% · -22%GOOG0.9% · -17%COP0.8% · +0%SE0.8% · +9%DUSA0.8% · 0%APP0.7% · -6%JPM0.7% · -14%FITB0.7% · -5%WCC0.5% · -4%PNC0.5% · -8%DINT0.5% · 0%PPLI0.5% · -1%DFNL0.5% · 0%DWLD0.4% · 0%NTES0.3% · +45%RNR0.3% · -9%AMAT0.3% · -91%AXP0.3% · -10%RKT0.3% · -8%L0.3% · -11%NTB0.3% · -6%BAC0.2% · -14%BNY0.2% · -30%CHYM0.2% · -8%EG0.2% · -10%VALE0.2% · -0%MSFT0.1% · +18%NVDA0.1% · +36%BEKE0.1% · -0%SCHW0.1% · -7%FISV0.1% · -8%STT0.1% · -3%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 48.8%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 19, 2026.

Assets Under Management
$30.12B
Discretionary
$25.62B
Employees
121
Accounts
109
Address
3600 E. HEMISPHERE LOOP
TUCSON, AZ 85706-5041
Phone
(800) 279-2279
Website
Mailing Address
2949 EAST ELVIRA ROAD SUITE 101, TUCSON, AZ, 85756-7159
This firm reports 1 disclosure item on its registration.
Name Title / Status Ownership Type
DAVIS INVESTMENTS, LLC ControlGENERAL PARTNER
since Dec 2000
Less than 5%Domestic Entity
COHEN, LISA, JVICE PRESIDENT, CHIEF LEGAL OFFICER
since Jun 2021
Less than 5%Individual
DAVIS, ANDREW, ADAMSLIMITED PARTNER
since Feb 1993
25–50%Individual
DAVIS, ANDREW, ADAMSPRESIDENT
since Sep 1989
Less than 5%Individual
DAVIS, CHRISTOPHER, CULLOMLIMITED PARTNER
since May 1992
25–50%Individual
DAVIS, CHRISTOPHER, CULLOMCHAIRMAN, CHIEF EXECUTIVE OFFICER
since Dec 2000
Less than 5%Individual
EICH, KENNETH, CHARLESCHIEF OPERATING OFFICER
since Mar 1997
Less than 5%Individual
MCLOUGHRY, MICHAELACHIEF COMPLIANCE OFFICER
since Feb 2023
Less than 5%Individual
TYC, GARY, PAULVICE PRESIDENT, CHIEF FINANCIAL OFFICER
since May 1998
Less than 5%Individual
VENTURE ADVISERS, INC.LIMITED PARTNER
since Feb 1968
10–25%Domestic Entity
WIESE, RUSSELL, OTISCHIEF MARKETING OFFICER
since Sep 1994
Less than 5%Individual
DAVIS, CHRISTOPHER, CULLOM Control
Indirect owner via DAVIS INVESTMENTS, LLC
SOLE MEMBER
since Dec 2000
75% or moreIndividual
DAVIS, SHELBY, MOORE CULLOM Control
Indirect owner via VENTURE ADVISERS, INC.
SHAREHOLDER
since Dec 1968
75% or moreIndividual
Ownership & leadership changes · 8 filings with changes since Mar 16, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Mar 20, 2025 filing
  • ChangedWIESE, RUSSELL, OTIS · ownership 10–25% → Less than 5%
Mar 20, 2024 filing
  • ChangedCOHEN, LISA, J · title VICE PRESIDENT, SENIOR ATTORNEY → VICE PRESIDENT, CHIEF LEGAL OFFICER
Mar 23, 2023 filing
  • No longer listedROESSLER, RANDI JEAN · VICE PRESIDENT, CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Jan 2018
  • AddedMCLOUGHRY, MICHAELA · CHIEF COMPLIANCE OFFICER · Less than 5%
Mar 25, 2022 filing
  • No longer listedCHARLES, RYAN, MATTHEW · VICE PRESIDENT, CHIEF LEGAL OFFICER · Less than 5% · listed since Jan 2014
  • AddedCOHEN, LISA, J · VICE PRESIDENT, SENIOR ATTORNEY · Less than 5%
Jan 5, 2018 filing
  • No longer listedHAYNES, SHARRA, LYNN · VICE PRESIDENT, CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Jul 2004
  • AddedROESSLER, RANDI JEAN · VICE PRESIDENT, CHIEF COMPLIANCE OFFICER · Less than 5%
Mar 30, 2017 filing
  • No longer listedFRAZIA, ANTHONY · VICE PRESIDENT · Less than 5% · listed since Jul 2004
Mar 20, 2014 filing
  • ChangedDAVIS, ANDREW, ADAMS · ownership 10–25% → 25–50%
Jan 3, 2014 filing
  • No longer listedFEINBERG, KENNETH, CHARLES · VICE PRESIDENT · 5–10% · listed since May 1998
  • No longer listedTAYS, THOMAS, DEAN · VICE PRESIDENT, CHIEF LEGAL OFFICER · Less than 5% · listed since Dec 1997
  • AddedCHARLES, RYAN, MATTHEW · VICE PRESIDENT, CHIEF LEGAL OFFICER · Less than 5%
Mar 16, 2012 filing (earliest on record)
  • ListedDAVIS INVESTMENTS, LLC · GENERAL PARTNER · Less than 5% · control person
  • ListedDAVIS, ANDREW, ADAMS · LIMITED PARTNER / PRESIDENT · 10–25%
  • ListedDAVIS, CHRISTOPHER, CULLOM · CHAIRMAN, CHIEF EXECUTIVE OFFICER / LIMITED PARTNER · 25–50%
  • ListedDAVIS, CHRISTOPHER, CULLOM · SOLE MEMBER · 75% or more · indirect via DAVIS INVESTMENTS, LLC · control person
  • ListedDAVIS, SHELBY, MOORE CULLOM · SHAREHOLDER · 75% or more · indirect via VENTURE ADVISERS, INC. · control person
  • ListedEICH, KENNETH, CHARLES · CHIEF OPERATING OFFICER · Less than 5%
  • ListedFEINBERG, KENNETH, CHARLES · VICE PRESIDENT · 5–10%
  • ListedFRAZIA, ANTHONY · VICE PRESIDENT · Less than 5%
  • ListedHAYNES, SHARRA, LYNN · VICE PRESIDENT, CHIEF COMPLIANCE OFFICER · Less than 5%
  • ListedTAYS, THOMAS, DEAN · VICE PRESIDENT, CHIEF LEGAL OFFICER · Less than 5%
  • ListedTYC, GARY, PAUL · VICE PRESIDENT, CHIEF FINANCIAL OFFICER · Less than 5%
  • ListedVENTURE ADVISERS, INC. · LIMITED PARTNER · 10–25%
  • ListedWIESE, RUSSELL, OTIS · CHIEF MARKETING OFFICER · 10–25%

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Davis Selected Advisers Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 Capital One Financial Corp. COF 14040H105 $1.66B 7.13% 8,270,946 SH
2 U.S. Bancorp USB 902973304 $1.30B 5.56% 21,453,510 SH
3 CVS Health Corporation CVS 126650100 $1.23B 5.27% 11,865,916 SH
4 Viatris Inc. VTRS 92556V106 $1.19B 5.13% 75,232,254 SH
5 MGM Resorts International MGM 552953101 $1.14B 4.91% 23,903,317 SH
6 Alphabet Inc., Class A GOOGL 02079K305 $1.05B 4.51% 2,937,160 SH
7 Devon Energy Corp. DVN 25179M103 $1.05B 4.49% 25,297,991 SH
8 Amazon.com, Inc. AMZN 023135106 $1.02B 4.38% 4,276,176 SH
9 Meta Platforms, Inc., Class A META 30303M102 $928.7M 3.99% 1,648,172 SH
10 Markel Group, Inc MKL 570535104 $794.4M 3.41% 406,759 SH
11 Texas Instruments, Inc. TXN 882508104 $726.5M 3.12% 2,437,486 SH
12 Tyson Foods Inc TSN 902494103 $724.5M 3.11% 12,653,717 SH
13 Wells Fargo & Co. WFC 949746101 $661.9M 2.84% 8,008,728 SH
14 Berkshire Hathaway Inc., Class A BRK.A 084670108 $650.0M 2.79% 868 SH
15 Cigna Group CI 125523100 $621.2M 2.67% 2,253,424 SH
16 JBS N.V., Class A JBS N4732M103 $592.7M 2.54% 50,016,236 SH
17 UnitedHealth Group Inc. UNH 91324P102 $529.8M 2.28% 1,274,650 SH
18 Teck Resources Ltd., Class B TECK 878742204 $497.3M 2.14% 8,363,497 SH
19 Solventum Corp. SOLV 83444M101 $486.7M 2.09% 6,307,729 SH
20 LyondellBasell Industries N.V. LYB N53745100 $458.0M 1.97% 8,698,852 SH
21 Chubb Ltd. CB H1467J104 $391.2M 1.68% 1,148,090 SH
22 Berkshire Hathaway Inc., Class B BRK.B 084670702 $369.5M 1.59% 738,433 SH
23 Trip.com Group Ltd., ADR TCOM 89677Q107 $349.1M 1.50% 8,761,371 SH
24 Owens Corning OC 690742101 $330.7M 1.42% 2,081,213 SH
25 Quest Diagnostics Inc. DGX 74834L100 $329.8M 1.42% 1,555,612 SH
26 Pinterest, Inc., Class A PINS 72352L106 $264.5M 1.14% 12,574,721 SH
27 AGCO Corporation AGCO 001084102 $246.4M 1.06% 2,058,488 SH
28 Full Truck Alliance Co. Ltd., ADR YMM 35969L108 $224.4M 0.96% 27,639,082 SH
29 Restaurant Brands International, Inc. QSR 76131D103 $203.0M 0.87% 2,800,345 SH
30 Alphabet Inc., Class C GOOG 02079K107 $199.4M 0.86% 564,274 SH
31 ConocoPhillips COP 20825C104 $195.2M 0.84% 1,877,583 SH
32 Sea Ltd., Class A, ADR SE 81141R100 $192.8M 0.83% 2,011,812 SH
33 Davis Select U.S. Equity ETF DUSA 23908L207 $191.1M 0.82% 3,400,745 SH
34 AppLovin Corp., Class A APP 03831W108 $162.7M 0.70% 315,539 SH
35 JPMorgan Chase & Co. JPM 46625H100 $155.9M 0.67% 476,389 SH
36 Fifth Third Bancorp FITB 316773100 $151.3M 0.65% 2,684,183 SH
37 Wesco International, Inc. WCC 95082P105 $125.5M 0.54% 363,915 SH
38 PNC Financial Services Group, Inc. PNC 693475105 $122.1M 0.52% 496,066 SH
39 Davis Select International ETF DINT 23908L405 $111.6M 0.48% 3,915,748 SH
40 People Inc. PPLI 44891N208 $110.5M 0.47% 2,394,024 SH
41 Davis Select Financial ETF DFNL 23908L108 $105.2M 0.45% 2,130,666 SH
42 Davis Select Worldwide ETF DWLD 23908L306 $89.5M 0.38% 1,935,585 SH
43 NetEase Inc. - ADR NTES 64110W102 $78.5M 0.34% 612,955 SH
44 RenaissanceRe Holdings Ltd RNR G7496G103 $74.3M 0.32% 234,528 SH
45 Applied Materials, Inc. AMAT 038222105 $74.1M 0.32% 102,521 SH
46 American Express Co. AXP 025816109 $71.0M 0.30% 209,821 SH
47 Rocket Companies, Inc., Class A RKT 77311W101 $70.3M 0.30% 4,463,148 SH
48 Loews Corp. L 540424108 $61.7M 0.27% 545,211 SH
49 Bank of N.T. Butterfield & Son Limited NTB G0772R208 $60.2M 0.26% 1,012,140 SH
50 Bank of America Corp. BAC 060505104 $56.6M 0.24% 992,776 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-11 $23.29B 112 0001036325-26-000020
2026-03-31 2026-05-07 $21.78B 112 0001036325-26-000016
2025-12-31 2026-02-02 $22.25B 108 0001036325-26-000004
Filer Information
Address
2949 E. ELVIRA ROAD
SUITE 101
TUCSON, AZ 85756
Phone
(520) 806-7600
Filing Manager
Davis Selected Advisers
Tucson, AZ
Signatory
Michaela McLoughry
Chief Compliance Officer