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 and exited 3; 48 existing positions rose in reported value and 16 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.
Long-equity book
Distinct positions
Filed 2026-08-12
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box 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 valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated 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
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 58.3%Cumulative share of the portfolio held in the largest N positions.
As of the firm’s regulatory filing dated Mar 28, 2018.
SUITE 301
SAUSALITO, CA 94965
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| DAVIS, LANSING, ALDEN Control | MANAGING MEMBER AND CHIEF COMPLIANCE OFFICER since Apr 2008 | 75% or more | Individual |
Ownership & leadership changes · 1 filing with changes since Mar 7, 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.
- ChangedDAVIS, LANSING, ALDEN · title MANAGING MEMBER → MANAGING MEMBER AND CHIEF COMPLIANCE OFFICER
- ListedDAVIS, LANSING, ALDEN · MANAGING MEMBER · 75% or more · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
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%
Davis Asset Management, L.P. 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 | 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 | VMRK | 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 |
SUITE 301
SAUSALITO, CA 94965