Davis Asset Management, L.P. — 13F Holdings & Portfolio
CIK 1945894 · latest 13F-HR filed 2026-08-12
Davis Asset Management, L.P. manages $3.95B in 13F-reported U.S. long-equity assets across 85 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are GOOG (9.39%), BRK.A (9.22%), META (7.37%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 3 new positions, exited 3, added to 48, and trimmed 16.
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.
SUITE 301
SAUSALITO, CA 94965
$3.95B
Long-equity book
85
Distinct positions
2026-06-30
Filed 2026-08-12
+3 / −3 / ↑48 / ↓16
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- Alphabet Inc$84.0M +29.3%
- Western Alliance Bancorp$55.8M +25.5%
- Markel$44.7M +33.1%
- Marketaxess Hldgs Inc$38.8M +216.0%
- Corebridge Financial$27.6M +19.9%
Top Trims
- Alibaba-$17.9M -23.5%
- Accenture PLC Cl A-$15.0M -14.0%
- Carlyle Group-$7.1M -13.0%
- State Street Corp-$1.8M -12.2%
- Exxon Mobil Corp-$796.0K -19.4%
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 | Alphabet Inc | GOOG | 02079K107 | $370.8M | 9.39% | 1,049,574 | SH |
| 2 | Berkshire Hathaway Inc Del Cl A Frmly | BRK.A | 084670108 | $363.9M | 9.22% | 486 | SH |
| 3 | Meta Platforms | META | 30303M102 | $291.2M | 7.37% | 517,000 | SH |
| 4 | Western Alliance Bancorp | WAL | 957638109 | $274.2M | 6.94% | 3,336,000 | SH |
| 5 | Markel | MKL | 570535104 | $179.9M | 4.56% | 92,105 | SH |
| 6 | Berkshire Hathaway Inc Del Cl B Frmly | BRK.B | 084670702 | $177.2M | 4.49% | 354,216 | SH |
| 7 | Chubb Limited | CB | H1467J104 | $168.5M | 4.27% | 494,556 | SH |
| 8 | Corebridge Financial | CRBG | 21871X109 | $166.1M | 4.21% | 5,800,000 | SH |
| 9 | JPMorgan Chase & Co | JPM | 46625H100 | $161.7M | 4.09% | 493,896 | SH |
| 10 | AXOS Financial Inc | AX | 05465C100 | $149.5M | 3.79% | 1,535,219 | SH |
| 11 | Progressive Corp | PGR | 743315103 | $110.2M | 2.79% | 504,510 | SH |
| 12 | Visa Inc | V | 92826C839 | $109.8M | 2.78% | 320,000 | SH |
| 13 | Global Payments Inc. | GPN | 37940X102 | $107.8M | 2.73% | 1,485,000 | SH |
| 14 | First American Financial Corp | FAF | 31847R102 | $102.9M | 2.61% | 1,500,000 | SH |
| 15 | M&T Bank | MTB | 55261F104 | $97.6M | 2.47% | 410,000 | SH |
| 16 | Goldman Sachs Group Inc. | GS | 38141G104 | $93.4M | 2.37% | 92,391 | SH |
| 17 | Accenture PLC Cl A | ACN | G1151C101 | $92.1M | 2.33% | 740,000 | SH |
| 18 | Servisfirst Bancshares Inc | SFBS | 81768T108 | $79.0M | 2.00% | 910,376 | SH |
| 19 | Five Star Bancorp | FSBC | 33830T103 | $73.6M | 1.86% | 1,511,500 | SH |
| 20 | Equity Residential | EQR | 29476L107 | $72.3M | 1.83% | 1,065,000 | SH |
| 21 | Arch Capital Group LTD | ACGL | G0450A105 | $63.1M | 1.60% | 650,000 | SH |
| 22 | Alibaba | BABA | 01609W102 | $58.3M | 1.48% | 607,561 | SH |
| 23 | Marketaxess Hldgs Inc | MKTX | 57060D108 | $56.7M | 1.44% | 500,000 | SH |
| 24 | TriCo Bancshares | TCBK | 896095106 | $56.4M | 1.43% | 1,046,900 | SH |
| 25 | Ameris Bancorp | ABCB | 03076K108 | $56.1M | 1.42% | 621,800 | SH |
| 26 | Mastercard Inc | MA | 57636Q104 | $52.4M | 1.33% | 102,000 | SH |
| 27 | Carlyle Group | CG | 14316J108 | $47.6M | 1.21% | 1,131,000 | SH |
| 28 | US Bancorp Del Com New | USB | 902973304 | $43.2M | 1.09% | 715,210 | SH |
| 29 | Old Second Bancorp | OSBC | 680277100 | $42.0M | 1.06% | 1,800,000 | SH |
| 30 | Raymond James Financial Inc | RJF | 754730109 | $41.0M | 1.04% | 270,000 | SH |
| 31 | FB Financial Corp | FBK | 30257X104 | $34.3M | 0.87% | 619,236 | SH |
| 32 | CNB Financial Corp PA | CCNE | 126128107 | $32.0M | 0.81% | 950,000 | SH |
| 33 | Wells Fargo | WFC | 949746101 | $27.9M | 0.71% | 337,969 | SH |
| 34 | Infleqtion Inc. | INFQ | 45676K103 | $27.8M | 0.70% | 2,085,798 | SH |
| 35 | American Express Company | AXP | 025816109 | $21.3M | 0.54% | 63,000 | SH |
| 36 | State Street Corp | STT | 857477103 | $12.9M | 0.33% | 76,000 | SH |
| 37 | Timberland Bancorp Inc | TSBK | 887098101 | $7.8M | 0.20% | 174,476 | SH |
| 38 | Applied Materials Inc. | AMAT | 038222105 | $4.8M | 0.12% | 6,626 | SH |
| 39 | Exxon Mobil Corp | XOM | 30231G102 | $3.3M | 0.08% | 24,166 | SH |
| 40 | Johnson & Johnson | JNJ | 478160104 | $3.2M | 0.08% | 12,500 | SH |
| 41 | The Coca Cola Company | KO | 191216100 | $2.0M | 0.05% | 25,000 | SH |
| 42 | BlackRock Inc. | BLK | 09290D101 | $2.0M | 0.05% | 2,100 | SH |
| 43 | MGM Resorts International | MGM | 552953101 | $1.5M | 0.04% | 31,458 | SH |
| 44 | Alphabet Inc | GOOGL | 02079K305 | $1.4M | 0.04% | 4,000 | SH |
| 45 | Deere & Company | DE | 244199105 | $1.2M | 0.03% | 1,943 | SH |
| 46 | The Travelers Companies Inc. | TRV | 89417E109 | $1.2M | 0.03% | 3,653 | SH |
| 47 | Eli Lily | LLY | 532457108 | $764.0K | 0.02% | 637 | SH |
| 48 | Merck & Co. Inc. | MRK | 58933Y105 | $514.0K | 0.01% | 4,000 | SH |
| 49 | Linde PLC | LIN | G54950103 | $467.0K | 0.01% | 900 | SH |
| 50 | Weyerhaeuser Co. | — | 962166954 | $414.2K | 0.01% | 17,301 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-12 | $3.95B | 85 | 0001104659-26-095017 |
| 2026-03-31 | 2026-05-15 | $3.46B | 85 | 0001104659-26-062180 |
| 2025-12-31 | 2026-02-13 | $2.79B | 30 | 0001104659-26-014629 |
| 2025-09-30 | 2025-11-14 | $2.81B | 31 | 0001104659-25-112161 |