Davis Selected Advisers
Chris DavisTucson, AZ
$23.3bn in 112 US stocks at the end of 30 June 2026. The top 10 are 48.8% of the money. It changed about 11.7% of the portfolio this quarter.
Value
$23.3bn
Stocks
112
Top 10 share
48.8%
Turnover
11.7%
What changed this quarter
New
Bought for the first time this quarter.
- Devon EnergyDVN4.5% of the fund
- SBA CommunicationsSBAC<0.1% of the fund
Added
Bought more of a stock they already held.
- Amazon.comAMZN4.4% of the fund+25%
- Markel GroupMKL3.4% of the fund+6%
- JBSJBS2.5% of the fund+91%
- UnitedHealth GroupUNH2.3% of the fund+2%
- LyondellBasell IndustriesLYB2.0% of the fund+55%
- Trip COM GroupTCOM1.5% of the fund+34%
- SeaSE0.8% of the fund+9%
- Netease.comNTES0.3% of the fund+45%
- MicrosoftMSFT0.1% of the fund+18%
- NvidiaNVDA0.1% of the fund+36%
- AdobeADBE<0.1% of the fund+50%
- American Homes 4 RentAMH<0.1% of the fund+17%
- Essex Property TrustESS<0.1% of the fund+70%
- FermiFRMI<0.1% of the fund+48%
- Janus LivingJAN<0.1% of the fund+250%
Cut
Sold some of their stake.
- Capital One FinancialCOF7.1% of the fund-3%
- US BancorpUSB5.6% of the fund-4%
- CVS HealthCVS5.3% of the fund-3%
- ViatrisVTRS5.1% of the fund-4%
- AlphabetGOOGL4.5% of the fund-5%
- Meta PlatformsMETA4.0% of the fund-4%
- Texas InstrumentsTXN3.1% of the fund-14%
- Tyson FoodsTSN3.1% of the fund-3%
- Wells Fargo & CompanyWFC2.8% of the fund-2%
- Berkshire Hathaway INC DELBRK-A2.8% of the fund-6%
- Teck ResourcesTECK2.1% of the fund-21%
- ChubbCB1.7% of the fund-4%
- Quest DiagnosticsDGX1.4% of the fund-4%
- Full Truck AllianceYMM1.0% of the fund-4%
- Restaurant Brands InternationalQSR0.9% of the fund-22%
- AlphabetGOOG0.9% of the fund-17%
- AppLovinAPP0.7% of the fund-6%
- JPMorgan ChaseJPM0.7% of the fund-14%
- Fifth Third BancorpFITB0.6% of the fund-5%
- Wesco InternationalWCC0.5% of the fund-4%
- PNC Financial Services GroupPNC0.5% of the fund-8%
- Renaissancere HoldingsRNR0.3% of the fund-9%
- Applied MaterialsAMAT0.3% of the fund-91%
- American ExpressAXP0.3% of the fund-10%
- Rocket CompaniesRKT0.3% of the fund-7%
Sold out
Sold their entire stake.
- Coterra EnergyCTRA-100%
- Crown CastleCCI-100%
Holdings
- Berkshire Hathaway INC DELBRK-A
- Share
- 2.8%
- Value
- $650m
- Shares
- 868
-6%
- Teck ResourcesTECK
- Share
- 2.1%
- Value
- $497m
- Shares
- 8,363,497
-21%
- Trip COM GroupTCOM
- Share
- 1.5%
- Value
- $349m
- Shares
- 8,761,371
+34%
- Full Truck AllianceYMM
- Share
- 1.0%
- Value
- $224m
- Shares
- 27,639,082
-4%
- SeaSE
- Share
- 0.8%
- Value
- $193m
- Shares
- 2,011,812
+9%
- Davis Fundamental ETF TRDUSA
- Share
- 0.8%
- Value
- $191m
- Shares
- 3,400,745
Held
- Davis Fundamental ETF TRDINT
- Share
- 0.5%
- Value
- $112m
- Shares
- 3,915,748
Held
- Davis Fundamental ETF TRDFNL
- Share
- 0.5%
- Value
- $105m
- Shares
- 2,130,666
Held
- Davis Fundamental ETF TRDWLD
- Share
- 0.4%
- Value
- $90m
- Shares
- 1,935,585
Held
- Netease.comNTES
- Share
- 0.3%
- Value
- $79m
- Shares
- 612,955
+45%
- Vale S AVALE
- Share
- 0.2%
- Value
- $44m
- Shares
- 2,929,850
Held
- KE HldgsBEKE
- Share
- 0.1%
- Value
- $27m
- Shares
- 1,850,782
Held
- Avalonbay CommunitiesAVB
- Share
- <0.1%
- Value
- $11m
- Shares
- 59,890
-25%
- Noah HldgsNOAH
- Share
- <0.1%
- Value
- $10m
- Shares
- 964,486
-6%
- Jd.comJD
- Share
- <0.1%
- Value
- $7m
- Shares
- 283,280
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Capital One FinancialCOF | 7.1% | $1.7bn | 8,270,946 | -3% |
| US BancorpUSB | 5.6% | $1.3bn | 21,453,510 | -4% |
| CVS HealthCVS | 5.3% | $1.2bn | 11,865,916 | -3% |
| ViatrisVTRS | 5.1% | $1.2bn | 75,232,254 | -4% |
| MGM Resorts InternationalMGM | 4.9% | $1.1bn | 23,903,317 | Held |
| AlphabetGOOGL | 4.5% | $1.0bn | 2,937,160 | -5% |
| Devon EnergyDVN | 4.5% | $1.0bn | 25,297,991 | New |
| Amazon.comAMZN | 4.4% | $1.0bn | 4,276,176 | +25% |
| Meta PlatformsMETA | 4.0% | $929m | 1,648,172 | -4% |
| Markel GroupMKL | 3.4% | $794m | 406,759 | +6% |
| Texas InstrumentsTXN | 3.1% | $727m | 2,437,486 | -14% |
| Tyson FoodsTSN | 3.1% | $724m | 12,653,717 | -3% |
| Wells Fargo & CompanyWFC | 2.8% | $662m | 8,008,728 | -2% |
| Berkshire Hathaway INC DELBRK-A | 2.8% | $650m | 868 | -6% |
| Cigna GroupCI | 2.7% | $621m | 2,253,424 | Held |
| JBSJBS | 2.5% | $593m | 50,016,236 | +91% |
| UnitedHealth GroupUNH | 2.3% | $530m | 1,274,650 | +2% |
| Teck ResourcesTECK | 2.1% | $497m | 8,363,497 | -21% |
| SolventumSOLV | 2.1% | $487m | 6,307,729 | Held |
| LyondellBasell IndustriesLYB | 2.0% | $458m | 8,698,852 | +55% |
| ChubbCB | 1.7% | $391m | 1,148,090 | -4% |
| Berkshire HathawayBRK-B | 1.6% | $370m | 738,433 | Held |
| Trip COM GroupTCOM | 1.5% | $349m | 8,761,371 | +34% |
| Owens CorningOC | 1.4% | $331m | 2,081,213 | Held |
| Quest DiagnosticsDGX | 1.4% | $330m | 1,555,612 | -4% |
| PinterestPINS | 1.1% | $264m | 12,574,721 | Held |
| AgcoAGCO | 1.1% | $246m | 2,058,488 | Held |
| Full Truck AllianceYMM | 1.0% | $224m | 27,639,082 | -4% |
| Restaurant Brands InternationalQSR | 0.9% | $203m | 2,800,345 | -22% |
| AlphabetGOOG | 0.9% | $199m | 564,274 | -17% |
| ConocoPhillipsCOP | 0.8% | $195m | 1,877,583 | Held |
| SeaSE | 0.8% | $193m | 2,011,812 | +9% |
| Davis Fundamental ETF TRDUSA | 0.8% | $191m | 3,400,745 | Held |
| AppLovinAPP | 0.7% | $163m | 315,539 | -6% |
| JPMorgan ChaseJPM | 0.7% | $156m | 476,389 | -14% |
| Fifth Third BancorpFITB | 0.6% | $151m | 2,684,183 | -5% |
| Wesco InternationalWCC | 0.5% | $126m | 363,915 | -4% |
| PNC Financial Services GroupPNC | 0.5% | $122m | 496,066 | -8% |
| Davis Fundamental ETF TRDINT | 0.5% | $112m | 3,915,748 | Held |
| People Inc.PPLI | 0.5% | $111m | 2,394,024 | Held |
| Davis Fundamental ETF TRDFNL | 0.5% | $105m | 2,130,666 | Held |
| Davis Fundamental ETF TRDWLD | 0.4% | $90m | 1,935,585 | Held |
| Netease.comNTES | 0.3% | $79m | 612,955 | +45% |
| Renaissancere HoldingsRNR | 0.3% | $74m | 234,528 | -9% |
| Applied MaterialsAMAT | 0.3% | $74m | 102,521 | -91% |
| American ExpressAXP | 0.3% | $71m | 209,821 | -10% |
| Rocket CompaniesRKT | 0.3% | $70m | 4,463,148 | -7% |
| LoewsL | 0.3% | $62m | 545,211 | -11% |
| Bank of N.T. Butterfield & SonNTB | 0.3% | $60m | 1,012,140 | -6% |
| Bank of AmericaBAC | 0.2% | $57m | 992,776 | -14% |
| Bank of New York MellonBNY | 0.2% | $53m | 366,448 | -30% |
| Chime FinancialCHYM | 0.2% | $48m | 2,331,776 | -8% |
| Everest GroupEG | 0.2% | $45m | 126,423 | -10% |
| Vale S AVALE | 0.2% | $44m | 2,929,850 | Held |
| MicrosoftMSFT | 0.1% | $35m | 92,973 | +18% |
| NvidiaNVDA | 0.1% | $31m | 154,727 | +36% |
| KE HldgsBEKE | 0.1% | $27m | 1,850,782 | Held |
| Charles SchwabSCHW | 0.1% | $27m | 289,871 | -7% |
| FiservFISV | 0.1% | $26m | 539,839 | -8% |
| State StreetSTT | 0.1% | $25m | 147,966 | -3% |
| PrologisPLD | 0.1% | $24m | 178,556 | -2% |
| Johnson Controls InternationalJCI | <0.1% | $21m | 141,422 | -27% |
| EquinixEQIX | <0.1% | $20m | 19,313 | -9% |
| Cousins PropertiesCUZ | <0.1% | $17m | 573,605 | -2% |
| BXPBXP | <0.1% | $15m | 232,050 | -2% |
| Brixmor Property GroupBRX | <0.1% | $15m | 477,150 | -15% |
| AdobeADBE | <0.1% | $14m | 67,894 | +50% |
| M&T BankMTB | <0.1% | $14m | 58,072 | -4% |
| Healthpeak PropertiesDOC | <0.1% | $14m | 631,026 | -2% |
| Digital Realty TrustDLR | <0.1% | $13m | 73,280 | -7% |
| Public StoragePSA | <0.1% | $12m | 37,740 | -9% |
| Avalonbay CommunitiesAVB | <0.1% | $11m | 59,890 | -25% |
| SynopsysSNPS | <0.1% | $11m | 24,962 | -4% |
| Simon Property GroupSPG | <0.1% | $11m | 49,318 | -2% |
| OracleORCL | <0.1% | $11m | 74,923 | -7% |
| American Homes 4 RentAMH | <0.1% | $11m | 325,590 | +17% |
| Copt Defense PropertiesCDP | <0.1% | $11m | 292,700 | -2% |
| Truist FinancialTFC | <0.1% | $10m | 208,391 | -7% |
| Eastgroup PropertiesEGP | <0.1% | $10m | 51,230 | -2% |
| American TowerAMT | <0.1% | $10m | 63,250 | -2% |
| Sunstone Hotel InvestorsSHO | <0.1% | $10m | 870,120 | -2% |
| VentasVTR | <0.1% | $10m | 111,420 | -2% |
| Camden Property TrustCPT | <0.1% | $10m | 86,120 | -2% |
| Noah HldgsNOAH | <0.1% | $10m | 964,486 | -6% |
| Darling IngredientsDAR | <0.1% | $9m | 170,846 | -9% |
| SAP SESAP | <0.1% | $9m | 60,529 | -81% |
| Regency CentersREG | <0.1% | $9m | 116,340 | -16% |
| Essex Property TrustESS | <0.1% | $8m | 28,501 | +70% |
| Jd.comJD | <0.1% | $7m | 283,280 | Held |
| Terreno RealtyTRNO | <0.1% | $7m | 111,037 | -2% |
| SBA CommunicationsSBAC | <0.1% | $7m | 40,700 | New |
| Rexford Industrial RealtyREXR | <0.1% | $6m | 191,960 | -8% |
| Vivmark ResidentialVMRK | <0.1% | $6m | 91,855 | -13% |
| Community Healthcare TrustCHCT | <0.1% | $6m | 322,890 | -2% |
| Realty IncomeO | <0.1% | $6m | 92,720 | -2% |
| Vici PropertiesVICI | <0.1% | $6m | 215,360 | -2% |
| AngiANGI | <0.1% | $6m | 932,653 | Held |
| Sun CommunitiesSUI | <0.1% | $5m | 42,480 | -2% |
| Hudson Pacific PropertiesHPP | <0.1% | $5m | 315,236 | -2% |
| Alexandria Real Estate EquitiesARE | <0.1% | $4m | 80,467 | -56% |
Showing the largest 100 of 112.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 24.5% since 30 June 2025.
Where the money is
Financial services26.8%
Health care18.8%
Media & telecom11.2%
Retail & consumer10.2%
Everyday goods5.7%
Energy5.3%
Technology4.4%
Materials4.1%
Industrials3.1%
Real estate1.4%
Other8.9%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.