Davis Asset Management, L.P.
Sector Allocation
- Financials76.3%$3.0B
- Technology20.0%$788.8M
- Real Estate1.8%$72.8M
- Consumer Discretionary1.5%$59.9M
- Healthcare0.1%$5.1M
- Energy0.1%$3.3M
- Consumer Staples0.1%$2.4M
- Industrials0.1%$1.8M
- Materials0.0%$715,468
- Communication Services0.0%$26,178
AUM History
13fpro.ai/research/fund/davis-asset-management-l-p-1945894
Conviction and streaks
Stable · top 10 = 58.3%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
GOOG
$370.8MBRK.A
$363.9MMETA
$291.2MWAL
$274.2MMKL
$179.9MBRK.B
$177.2MCB
$168.5MCRBD
$166.1MJPM
$161.7MAX
$149.5MPGR
$110.2MV
$109.8MGPN
$107.8MFAF
$102.9MMTB
$97.6MGS
$93.4MACN
$92.1MSFBS
$79.0MFSBC
$73.6MVMRK
$72.3M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/davis-asset-management-l-p-1945894
Davis Asset Management, L.P. 13F holdings — Q2 2026
$3.9B portfolio (+14.3% QoQ) · 85 holdings · Q2 2026 13F · top 10 are 58% of the stock portfolio
$370.8M
9.4% of stocks
+5%This quarter-8.2%Since filed10+ qtrsHeld$363.9M
9.2% of stocks
+2%This quarter—Since filed10+ qtrsHeld$291.2M
7.4% of stocks
+0.4%This quarter+8.9%Since filed10+ qtrsHeld$274.2M
6.9% of stocks
+8%This quarter-8.7%Since filed10+ qtrsHeld$179.9M
4.6% of stocks
+30%This quarter+1.7%Since filed10+ qtrsHeld$177.2M
4.5% of stocks
+12%This quarter—Since filed10+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$168.5M
4.3% of stocks
No changeThis quarter+3.9%Since filed10+ qtrsHeld$166.1M
4.2% of stocks
-0.1%This quarter-5.3%Since filed10+ qtrsHeld$161.7M
4.1% of stocks
+5%This quarter-8.5%Since filed2 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$149.5M
3.8% of stocks
No changeThis quarter-8.3%Since filed10+ qtrsHeld
All holdings — Davis Asset Management, L.P. (Q2 2026)
85 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | PROGRESSIVE CORP/OH/ | Financials | $110.2M | 2.8% | 505K | — | 2 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | VISA INC. | Financials | $109.8M | 2.8% | 320K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | GLOBAL PAYMENTS INC | Financials | $107.8M | 2.7% | 1.49M | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | First American Financial Corp | Financials | $102.9M | 2.6% | 1.50M | — | 5 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | M&T BANK CORP | Financials | $97.6M | 2.5% | 410K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | GOLDMAN SACHS GROUP INC | Financials | $93.4M | 2.4% | 92K | — | 2 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | Accenture plc | Technology | $92.1M | 2.3% | 740K | +37% | 4 qtrsAdded 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | ServisFirst Bancshares, Inc. | Financials | $79.0M | 2.0% | 910K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | FIVE STAR BANCORP | Financials | $73.6M | 1.9% | 1.51M | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | VIVMARK RESIDENTIAL | Real Estate | $72.3M | 1.8% | 1.06M | -0.3% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | ARCH CAPITAL GROUP LTD. | Financials | $63.1M | 1.6% | 650K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | Alibaba Group Holding Ltdadr | Consumer Discretionary | $58.3M | 1.5% | 608K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | MARKETAXESS HOLDINGS INC | Financials | $56.7M | 1.4% | 500K | +359% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | TRICO BANCSHARES / | Financials | $56.4M | 1.4% | 1.05M | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | Ameris Bancorp | Financials | $56.1M | 1.4% | 622K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $MA | Mastercard Inc | Financials | $52.4M | 1.3% | 102K | — | |||
| 27 | $CG | Carlyle Group Inc. | Financials | $47.6M | 1.2% | 1.13M | — | |||
| 28 | $USB | US BANCORP DE | Financials | $43.2M | 1.1% | 715K | — | |||
| 29 | $OSBC | OLD SECOND BANCORP INC | Financials | $42.0M | 1.1% | 1.80M | — | |||
| 30 | $RJF | RAYMOND JAMES FINANCIAL INC | Financials | $41.0M | 1.0% | 270K | — | |||
| 31 | $FBK | FB Financial Corp | Financials | $34.3M | 0.9% | 619K | — | |||
| 32 | $CCNE | CNB FINANCIAL CORP/PA | Financials | $32.0M | 0.8% | 950K | — | |||
| 33 | $WFC | WELLS FARGO & COMPANY/MN | Financials | $27.9M | 0.7% | 338K | — | |||
| 34 | $INFQ | Infleqtion, Inc. | Technology | $27.8M | 0.7% | 2.09M | New | |||
| 35 | $AXP | AMERICAN EXPRESS CO | Financials | $21.3M | 0.5% | 63K | — | |||
| 36 | $STT | STATE STREET CORP | Financials | $12.9M | 0.3% | 76K | -34% | |||
| 37 | $TSBK | TIMBERLAND BANCORP INC | Financials | $7.8M | 0.2% | 174K | — | |||
| 38 | $AMAT | APPLIED MATERIALS INC /DE | Technology | $4.8M | 0.1% | 6,626 | — | |||
| 39 | $XOM.R34088 | EXXON MOBIL CORP | Energy | $3.3M | 0.1% | 24K | — | |||
| 40 | $JNJ | JOHNSON & JOHNSON | Healthcare | $3.2M | 0.1% | 13K | — | |||
| 41 | $KO | COCA COLA CO | Consumer Staples | $2.0M | 0.1% | 25K | — | |||
| 42 | $BLK | BlackRock, Inc. | Financials | $2.0M | 0.1% | 2,100 | — | |||
| 43 | $MGM | MGM Resorts International | Consumer Discretionary | $1.5M | 0.0% | 31K | — | |||
| 44 | $GOOGL | Alphabet Inc. | Technology | $1.4M | 0.0% | 4,000 | -16% | |||
| 45 | $DE | DEERE & CO | Industrials | $1.2M | 0.0% | 1,943 | — | |||
| 46 | $TRV | TRAVELERS COMPANIES, INC. | Financials | $1.2M | 0.0% | 3,653 | — | |||
| 47 | $LLY | ELI LILLY & Co | Healthcare | $764K | 0.0% | 637 | — | |||
| 48 | $MRK | Merck & Co., Inc. | Healthcare | $514K | 0.0% | 4,000 | — | |||
| 49 | $LIN | LINDE PLC | Materials | $467K | 0.0% | 900 | — | |||
| 50 | $WY | WEYERHAEUSER CO | Real Estate | $414K | 0.0% | 17K | — | |||
| 51 | $WRB | BERKLEY W R CORP | Financials | $409K | 0.0% | 5,804 | — | |||
| 52 | $IBM | INTERNATIONAL BUSINESS MACHINES CORP | Technology | $358K | 0.0% | 1,274 | — | |||
| 53 | $STTK | Shattuck Labs, Inc. | Healthcare | $335K | 0.0% | 48K | — | |||
| 54 | $UNP | UNION PACIFIC CORP | Industrials | $326K | 0.0% | 1,200 | — | |||
| 55 | $AFL | AFLAC INC | Financials | $235K | 0.0% | 2,000 | — | |||
| 56 | $WMT | Walmart Inc. | Consumer Staples | $170K | 0.0% | 1,500 | — | |||
| 57 | $CTVA | Corteva, Inc. | Consumer Staples | $155K | 0.0% | 1,835 | — | |||
| 58 | $GE | GENERAL ELECTRIC CO | Industrials | $154K | 0.0% | 412 | — | |||
| 59 | $Q | Qnity Electronics, Inc. | Technology | $150K | 0.0% | 917 | — | |||
| 60 | $MMM | 3M CO | Healthcare | $130K | 0.0% | 800 | — | |||
| 61 | $GEV | GE Vernova Inc. | Industrials | $121K | 0.0% | 103 | — | |||
| 62 | $CSCO | CISCO SYSTEMS, INC. | Technology | $117K | 0.0% | 1,000 | — | |||
| 63 | $MLM | MARTIN MARIETTA MATERIALS INC | Materials | $115K | 0.0% | 200 | — | |||
| 64 | $PFE | PFIZER INC | Healthcare | $107K | 0.0% | 4,428 | — | |||
| 65 | $C | CITIGROUP INC | Financials | $101K | 0.0% | 720 | — | |||
| 66 | $DD | DuPont de Nemours, Inc. | Materials | $83K | 0.0% | 611 | -67% | |||
| 67 | $MCD | MCDONALDS CORP | Consumer Discretionary | $54K | 0.0% | 200 | — | |||
| 68 | $DOW | DOW INC. | Materials | $50K | 0.0% | 1,835 | New | |||
| 69 | $BMY | BRISTOL MYERS SQUIBB CO | Healthcare | $27K | 0.0% | 460 | — | |||
| 70 | $VZ | VERIZON COMMUNICATIONS INC | Communication Services | $24K | 0.0% | 572 | — | |||
| 71 | $SOLV | Solventum Corp | Healthcare | $15K | 0.0% | 200 | New | |||
| 72 | $NVDA | NVIDIA CORP | Technology | $9K | 0.0% | 45 | — | |||
| 73 | $GEHC | GE HealthCare Technologies Inc. | Healthcare | $9K | 0.0% | 137 | — | |||
| 74 | $VTRS | Viatris Inc | Healthcare | $9K | 0.0% | 548 | — | |||
| 75 | $DUK | Duke Energy CORP | Utilities | $7K | 0.0% | 54 | — | |||
| 76 | $OGN | Organon & Co. | Healthcare | $5K | 0.0% | 400 | — | |||
| 77 | $CC | Chemours Co | Healthcare | $5K | 0.0% | 225 | — | |||
| 78 | $AIG | AMERICAN INTERNATIONAL GROUP, INC. | Financials | $4K | 0.0% | 47 | — | |||
| 79 | $OXY | OCCIDENTAL PETROLEUM CORP /DE/ | Energy | $3K | 0.0% | 67 | — | |||
| 80 | $KD | Kyndryl Holdings, Inc. | Technology | $3K | 0.0% | 254 | — | |||
| 81 | $PLTR | Palantir Technologies Inc. | Technology | $2K | 0.0% | 20 | — | |||
| 82 | $UBER | Uber Technologies, Inc | Technology | $2K | 0.0% | 30 | — | |||
| 83 | $FOXA | Fox Corp | Communication Services | $991 | 0.0% | 19 | — | |||
| 84 | $VOD | VODAFONE GROUP PUBLIC LTD CO | Communication Services | $621 | 0.0% | 47 | — | |||
| 85 | $NWSA | NEWS CORP | Communication Services | $348 | 0.0% | 14 | — |
What changed in Q2 2026
Against the previous quarter's 13F: 3 new, 9 added to, 5 trimmed, 3 sold out. Share-count changes; largest moves by dollar size first.
New positions (3)
Added to (9)
$MKTXMARKETAXESS HOLDINGS INC+359%
now $56.7M · held 2 qtrs, 2 adds in a row
now $179.9M · held 10+ qtrs, 2 adds in a row
now $92.1M · held 4 qtrs, 4 adds in a row
now $274.2M · held 10+ qtrs, 2 adds in a row
now $177.2M · held 10+ qtrs, 2 adds in a row
now $370.8M · held 10+ qtrs
+3 more in the Excel export
Trimmed (5)
Holdings by quarter
Every 13F Davis Asset Management, L.P. has filed, 15 earlier quarters. Pick one to see what it held then.
Is it too late to follow Davis Asset Management, L.P.?
Q2 2026 13F filed with the SEC on Aug 12, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Davis Asset Management, L.P.'s top 20 holdings: 71/100 (our AI quality score, weighted by position size; 18 of the 20 are scored)
Top 10 since filing
-3.0%
Value-weighted move of the 10 largest stock positions
Turnover
0%
Last quarter; 11% over the last 4
Top 10 weight
58%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
86%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Davis Asset Management, L.P. disclosed 85 positions worth $3.9B in its Form 13F-HR for Q2 2026, led by $GOOG (Alphabet Inc.) at 9.4% of the equity portfolio, followed by $BRK.A and $META. During the quarter the fund opened 3 new positions and exited 3 — including a new stake in $INFQ and a full exit from $DIS. The portfolio is most concentrated in Financials (76.3% of disclosed assets). All figures are sourced directly from Davis Asset Management, L.P.’s Form 13F-HR filing with the SEC under CIK 1945894.
Funds like this
managers whose biggest positions overlap Davis Asset Management, L.P.'sBrowse Top Institutional Investors
13F Pro tracks 8,700+ institutional investors filing 13F reports with the SEC.
to search all 8,700+ institutional filers.
AI-Powered Hedge Fund Analysis: Davis Asset Management, L.P.
13F Pro is an AI hedge fund tracker and stock research platform. For Davis Asset Management, L.P. (SEC CIK: 1945894), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in Davis Asset Management, L.P.'s portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.