DAVIS SELECTED ADVISERS
Sector Allocation
- Financials29.6%$6.9B
- Healthcare18.9%$4.4B
- Technology16.4%$3.8B
- Consumer Discretionary12.3%$2.9B
- Materials5.7%$1.3B
- Consumer Staples5.7%$1.3B
- Energy5.3%$1.2B
- Other2.6%$608.6M
- Industrials2.0%$460.4M
- Real Estate1.5%$344.6M
AUM History
13fpro.ai/research/fund/davis-selected-advisers-1036325
Conviction and streaks
Concentrating · top 10 = 48.8%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
COF
$1.7BUSB
$1.3BCVS
$1.2BVTRS
$1.2BMGM
$1.1BGOOGL
$1.0BDVN
$1.0BAMZN
$1.0BMETA
$928.7MMKL
$794.4MTXN
$726.5MTSN
$724.5MWFC
$661.9MBRK.A
$650.0MCI
$621.2MJBS
$592.7MUNH
$529.8MTECK
$497.3MSOLV
$486.7MLYB
$458.0M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/davis-selected-advisers-1036325
DAVIS SELECTED ADVISERS 13F holdings — Q2 2026
$23.3B portfolio (+6.9% QoQ) · 112 holdings · Q2 2026 13F · top 10 are 49% of the stock portfolio
$1.7B
7.1% of stocks
-3%This quarter-7.7%Since filed9+ qtrsHeld$1.3B
5.6% of stocks
-4%This quarter-7.1%Since filed9+ qtrsHeld$1.2B
5.3% of stocks
-3%This quarter-1.0%Since filed9+ qtrsHeldAIQuality58.9#965Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$1.2B
5.1% of stocks
-4%This quarter+12.3%Since filed9+ qtrsHeld$1.1B
4.9% of stocks
-2%This quarter-35.3%Since filed9+ qtrsHeldAIQuality53.9#1,365Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$1.0B
4.5% of stocks
-5%This quarter-8.4%Since filed9+ qtrsHeld$1.0B
4.5% of stocks
NewThis quarter+13.7%Since filedNew this quarterHeld$1.0B
4.4% of stocks
+25%This quarter-8.5%Since filed9+ qtrsHeld$928.7M
4.0% of stocks
-4%This quarter+5.3%Since filed9+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$794.4M
3.4% of stocks
+6%This quarter+1.8%Since filed9+ qtrsHeld
All holdings — DAVIS SELECTED ADVISERS (Q2 2026)
112 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 | TEXAS INSTRUMENTS INC | Technology | $726.5M | 3.1% | 2.44M | -14% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | TYSON FOODS, INC. | Consumer Staples | $724.5M | 3.1% | 12.65M | -3% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | WELLS FARGO & COMPANY/MN | Financials | $661.9M | 2.8% | 8.01M | -2% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | BERKSHIRE HATHAWAY INC | Financials | $650.0M | 2.8% | 868 | -6% | 9+ qtrsTrimmed 8 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | Cigna Group | Healthcare | $621.2M | 2.7% | 2.25M | +0.9% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | JBS N.V. | Consumer Staples | $592.7M | 2.5% | 50.02M | +91% | 3 qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | UNITEDHEALTH GROUP INC | Healthcare | $529.8M | 2.3% | 1.27M | +2% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | TECK RESOURCES LTD | Materials | $497.3M | 2.1% | 8.36M | -21% | 9+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | Solventum Corp | Healthcare | $486.7M | 2.1% | 6.31M | -0.4% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | LyondellBasell Industries N.V. | Materials | $458.0M | 2.0% | 8.70M | +55% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | Chubb Ltd | Financials | $391.2M | 1.7% | 1.15M | -4% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | BERKSHIRE HATHAWAY INC | Financials | $369.5M | 1.6% | 738K | -2% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | Trip.com Group Ltdadr | Consumer Discretionary | $349.1M | 1.5% | 8.76M | +34% | 8 qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | Owens Corning | Materials | $330.7M | 1.4% | 2.08M | -0.9% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | QUEST DIAGNOSTICS INC | Healthcare | $329.8M | 1.4% | 1.56M | -4% | 9+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $PINS | PINTEREST, INC. | Technology | $264.5M | 1.1% | 12.57M | +1% | |||
| 27 | $AGCO | AGCO CORP /DE | Industrials | $246.4M | 1.1% | 2.06M | -1% | |||
| 28 | $YMM | Full Truck Alliance Co. Ltd. | Technology | $224.4M | 1.0% | 27.64M | -4% | |||
| 29 | $QSR | Restaurant Brands International Inc. | Consumer Discretionary | $203.0M | 0.9% | 2.80M | -22% | |||
| 30 | $GOOG | Alphabet Inc. | Technology | $199.4M | 0.9% | 564K | -17% | |||
| 31 | $COP | CONOCOPHILLIPS | Energy | $195.2M | 0.8% | 1.88M | +0.1% | |||
| 32 | $SE | Sea Ltd | Industrials | $192.8M | 0.8% | 2.01M | +9% | |||
| 33 | — | Davis Select U.S. Equity ETF - ETF | — | $191.1M | 0.8% | 3.40M | — | |||
| 34 | $APP | AppLovin Corp | Technology | $162.7M | 0.7% | 316K | -6% | |||
| 35 | $JPM | JPMORGAN CHASE & CO | Financials | $155.9M | 0.7% | 476K | -14% | |||
| 36 | $FITB | FIFTH THIRD BANCORP | Financials | $151.3M | 0.7% | 2.68M | -5% | |||
| 37 | $WCC | WESCO INTERNATIONAL INC | Consumer Discretionary | $125.5M | 0.5% | 364K | -4% | |||
| 38 | $PNC | PNC FINANCIAL SERVICES GROUP, INC. | Financials | $122.1M | 0.5% | 496K | -8% | |||
| 39 | — | Davis Select International ETF - ETF | — | $111.6M | 0.5% | 3.92M | — | |||
| 40 | — | People Inc. - Common Stock | — | $110.5M | 0.5% | 2.39M | -0.8% | |||
| 41 | — | Davis Select Financial ETF - ETF | — | $105.2M | 0.5% | 2.13M | — | |||
| 42 | — | Davis Select Worldwide ETF - ETF | — | $89.5M | 0.4% | 1.94M | — | |||
| 43 | $NTES | NetEase, Inc. | Technology | $78.5M | 0.3% | 613K | +45% | |||
| 44 | $RNR | RENAISSANCERE HOLDINGS LTD | Financials | $74.3M | 0.3% | 235K | -9% | |||
| 45 | $AMAT | APPLIED MATERIALS INC /DE | Technology | $74.1M | 0.3% | 103K | -91% | |||
| 46 | $AXP | AMERICAN EXPRESS CO | Financials | $71.0M | 0.3% | 210K | -10% | |||
| 47 | $RKT | Rocket Companies, Inc. | Financials | $70.3M | 0.3% | 4.46M | -7% | |||
| 48 | $L | LOEWS CORP | Financials | $61.7M | 0.3% | 545K | -11% | |||
| 49 | $NTB | Bank of N.T. Butterfield & Son Ltd | Financials | $60.2M | 0.3% | 1.01M | -6% | |||
| 50 | $BAC | BANK OF AMERICA CORP /DE/ | Financials | $56.6M | 0.2% | 993K | -14% | |||
| 51 | $BNY | Bank of New York Mellon Corp | Financials | $53.0M | 0.2% | 366K | -30% | |||
| 52 | $CHYM | Chime Financial, Inc. | Financials | $47.8M | 0.2% | 2.33M | -8% | |||
| 53 | $EG | EVEREST GROUP, LTD. | Financials | $45.2M | 0.2% | 126K | -10% | |||
| 54 | $VALE | Vale S.A. | Materials | $44.1M | 0.2% | 2.93M | -0.0% | |||
| 55 | $MSFT | MICROSOFT CORP | Technology | $34.7M | 0.1% | 93K | +18% | |||
| 56 | $NVDA | NVIDIA CORP | Technology | $31.0M | 0.1% | 155K | +36% | |||
| 57 | $BEKE | KE Holdings Inc. | Real Estate | $26.9M | 0.1% | 1.85M | -0.1% | |||
| 58 | $SCHW | SCHWAB CHARLES CORP | Financials | $26.7M | 0.1% | 290K | -7% | |||
| 59 | $FISV | FISERV INC | Financials | $26.5M | 0.1% | 540K | -8% | |||
| 60 | $STT | STATE STREET CORP | Financials | $25.1M | 0.1% | 148K | -3% | |||
| 61 | $PLD | Prologis, Inc. | Real Estate | $24.2M | 0.1% | 179K | -2% | |||
| 62 | $JCI | Johnson Controls International plc | Industrials | $20.7M | 0.1% | 141K | -27% | |||
| 63 | $EQIX | EQUINIX INC | Real Estate | $20.1M | 0.1% | 19K | -9% | |||
| 64 | $CUZ | COUSINS PROPERTIES INC | Real Estate | $17.2M | 0.1% | 574K | -2% | |||
| 65 | $BXP | BXP, Inc. | Real Estate | $15.4M | 0.1% | 232K | -2% | |||
| 66 | $BRX | Brixmor Property Group Inc. | Real Estate | $15.0M | 0.1% | 477K | -15% | |||
| 67 | $ADBE | ADOBE INC. | Technology | $13.9M | 0.1% | 68K | +50% | |||
| 68 | $MTB | M&T BANK CORP | Financials | $13.8M | 0.1% | 58K | -4% | |||
| 69 | $DOC | HEALTHPEAK PROPERTIES, INC. | Real Estate | $13.5M | 0.1% | 631K | -2% | |||
| 70 | $DLR | DIGITAL REALTY TRUST, INC. | Real Estate | $13.2M | 0.1% | 73K | -7% | |||
| 71 | $PSA | Public Storage | Real Estate | $12.0M | 0.1% | 38K | -9% | |||
| 72 | $AVB | AVALONBAY COMMUNITIES INC | Real Estate | $11.3M | 0.1% | 60K | -25% | |||
| 73 | $SNPS | SYNOPSYS INC | Technology | $11.1M | 0.1% | 25K | -4% | |||
| 74 | $SPG | SIMON PROPERTY GROUP INC. | Real Estate | $11.0M | 0.1% | 49K | -2% | |||
| 75 | $ORCL | ORACLE CORP | Technology | $11.0M | 0.1% | 75K | -7% | |||
| 76 | $AMH | American Homes 4 Rent | Real Estate | $10.9M | 0.1% | 326K | +17% | |||
| 77 | $CDP | COPT DEFENSE PROPERTIES | Real Estate | $10.7M | 0.1% | 293K | -2% | |||
| 78 | $TFC | TRUIST FINANCIAL CORP | Financials | $10.4M | 0.0% | 208K | -7% | |||
| 79 | $EGP | EASTGROUP PROPERTIES INC | Real Estate | $10.4M | 0.0% | 51K | -2% | |||
| 80 | $AMT | AMERICAN TOWER CORP /MA/ | Real Estate | $10.3M | 0.0% | 63K | -2% | |||
| 81 | $SHO | Sunstone Hotel Investors, Inc. | Consumer Discretionary | $10.0M | 0.0% | 870K | -2% | |||
| 82 | $VTR | Ventas, Inc. | Real Estate | $9.9M | 0.0% | 111K | -2% | |||
| 83 | $CPT | CAMDEN PROPERTY TRUST | Real Estate | $9.9M | 0.0% | 86K | -2% | |||
| 84 | $NOAH | NOAH HOLDINGS LTD | Financials | $9.6M | 0.0% | 964K | -6% | |||
| 85 | $DAR | DARLING INGREDIENTS INC. | Consumer Staples | $9.3M | 0.0% | 171K | -9% | |||
| 86 | $SAP | SAP SE | Technology | $9.3M | 0.0% | 61K | -81% | |||
| 87 | $REG | REGENCY CENTERS CORP | Real Estate | $9.3M | 0.0% | 116K | -16% | |||
| 88 | $ESS | ESSEX PROPERTY TRUST, INC. | Real Estate | $8.3M | 0.0% | 29K | +70% | |||
| 89 | $JD | JD.com, Inc. | Consumer Discretionary | $7.2M | 0.0% | 283K | -0.0% | |||
| 90 | $TRNO | Terreno Realty Corp | Real Estate | $7.2M | 0.0% | 111K | -2% | |||
| 91 | $SBAC | SBA COMMUNICATIONS CORP | Real Estate | $7.2M | 0.0% | 41K | New | |||
| 92 | $REXR | Rexford Industrial Realty, Inc. | Real Estate | $6.4M | 0.0% | 192K | -8% | |||
| 93 | $VMRK | VIVMARK RESIDENTIAL | Real Estate | $6.2M | 0.0% | 92K | -13% | |||
| 94 | $CHCT | Community Healthcare Trust Inc | Real Estate | $5.9M | 0.0% | 323K | -2% | |||
| 95 | $O | REALTY INCOME CORP | Real Estate | $5.7M | 0.0% | 93K | -2% | |||
| 96 | $VICI | VICI PROPERTIES INC. | Real Estate | $5.7M | 0.0% | 215K | -2% | |||
| 97 | $ANGI | Angi Inc. | Technology | $5.5M | 0.0% | 933K | -2% | |||
| 98 | $SUI | SUN COMMUNITIES INC | Real Estate | $5.1M | 0.0% | 42K | -2% | |||
| 99 | $HPP | Hudson Pacific Properties, Inc. | Real Estate | $4.8M | 0.0% | 315K | -2% | |||
| 100 | $ARE | ALEXANDRIA REAL ESTATE EQUITIES, INC. | Real Estate | $4.3M | 0.0% | 80K | -55% | |||
| 101 | $FRMI | Fermi Inc. | Real Estate | $4.1M | 0.0% | 451K | +48% | |||
| 102 | $EXR | Extra Space Storage Inc. | Real Estate | $4.0M | 0.0% | 28K | -2% | |||
| 103 | $JLL | JONES LANG LASALLE INC | Real Estate | $3.8M | 0.0% | 12K | -0.8% | |||
| 104 | $CUBE | CubeSmart | Real Estate | $3.6M | 0.0% | 90K | -2% | |||
| 105 | $DEI | Douglas Emmett Inc | Real Estate | $3.6M | 0.0% | 302K | -2% | |||
| 106 | $CBRE | CBRE GROUP, INC. | Real Estate | $3.4M | 0.0% | 25K | -0.9% | |||
| 107 | $MAA | MID AMERICA APARTMENT COMMUNITIES INC. | Real Estate | $3.0M | 0.0% | 22K | -54% | |||
| 108 | $TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | Technology | $1.9M | 0.0% | 3,980 | -45% | |||
| 109 | $LRCX | LAM RESEARCH CORP | Technology | $1.2M | 0.0% | 2,780 | — | |||
| 110 | $JAN | Janus Living, Inc. | Real Estate | $1.0M | 0.0% | 35K | +250% | |||
| 111 | — | iShares S&P 500 Value Index Fund - ETF | — | $747K | 0.0% | 3,288 | -72% | |||
| 112 | $CCK | CROWN HOLDINGS, INC. | Industrials | $612K | 0.0% | 5,470 | -36% |
What changed in Q2 2026
Against the previous quarter's 13F: 2 new, 18 added to, 87 trimmed, 2 sold out. Share-count changes; largest moves by dollar size first.
New positions (2)
Added to (18)
now $592.7M · held 3 qtrs, 3 adds in a row
now $1.0B · held 9+ qtrs
now $458.0M · held 2 qtrs, 2 adds in a row
$TCOMTrip.com Group Ltd+34%
now $349.1M · held 8 qtrs, 3 adds in a row
now $794.4M · held 9+ qtrs
$NTESNetEase, Inc.+45%
now $78.5M · held 7 qtrs
+12 more in the Excel export
Trimmed (87)
$AMATAPPLIED MATERIALS INC /DE-91%
now $74.1M · held 9+ qtrs, 3 trims in a row
now $497.3M · held 9+ qtrs, 2 trims in a row
now $726.5M · held 9+ qtrs
$QSRRestaurant Brands International Inc.-22%
now $203.0M · held 6 qtrs, 2 trims in a row
now $1.0B · held 9+ qtrs
now $1.7B · held 9+ qtrs
+81 more in the Excel export
Holdings by quarter
Every 13F DAVIS SELECTED ADVISERS has filed, 39 earlier quarters. Pick one to see what it held then.
Is it too late to follow DAVIS SELECTED ADVISERS?
Q2 2026 13F filed with the SEC on Aug 11, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of DAVIS SELECTED ADVISERS's top 20 holdings: 67/100 (our AI quality score, weighted by position size; 17 of the 20 are scored)
Top 10 since filing
-4.0%
Value-weighted move of the 10 largest stock positions
Turnover
9%
Last quarter; 24% over the last 4
Top 10 weight
49%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
91%
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 Q2 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 SELECTED ADVISERS disclosed 112 positions worth $23.3B in its Form 13F-HR for Q2 2026, led by $COF (CAPITAL ONE FINANCIAL CORP) at 7.1% of the equity portfolio, followed by $USB and $CVS. During the quarter the fund opened 2 new positions and exited 2 — including a new stake in $DVN and a full exit from $CTRA. The portfolio is most concentrated in Financials (29.6% of disclosed assets). All figures are sourced directly from DAVIS SELECTED ADVISERS’s Form 13F-HR filing with the SEC under CIK 1036325.
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