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Asset Manager ← All Institutions

DAVIS SELECTED ADVISERS

2949 E. ELVIRA ROAD SUITE 101, TUCSON, AZ 85756 • (520)806-7600

Q2 2025 · Filed 2025-08-08
Market Value
$18.7B
+7.8%
Holdings
112
+7
New Purchases
8
Added To
43
Closed
5
Reduced
49
Top 10 Concentration
52.1%
Turnover
11.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
UNH 1.89% 0.15% +1.74% $353M
CTRA 1.27% 0.00% +1.27% $237M
USB 4.68% 3.62% +1.05% $875M
META 8.32% 7.34% +0.98% $1.6B
TSN 2.68% 1.72% +0.96% $501M
COF 10.19% 9.30% +0.89% $1.9B
MGM 4.38% 3.56% +0.82% $819M
AMAT 4.85% 4.18% +0.68% $908M
CPNG 0.92% 0.74% +0.18% $172M
YMM 0.73% 0.58% +0.16% $137M
APP 0.40% 0.25% +0.15% $75M
TXN 2.64% 2.52% +0.12% $494M
MSFT 0.66% 0.56% +0.10% $123M
ANGIV 0.10% 0.00% +0.10% $18M
JPM 0.99% 0.90% +0.08% $184M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BRK-A 4.15% 7.17% -3.02% $776M
CI 1.16% 2.72% -1.56% $217M
HUM 2.16% 3.56% -1.40% $404M
DGX 1.30% 2.33% -1.03% $243M
BRK-B 1.44% 2.08% -0.64% $269M
IAC 0.46% 0.70% -0.25% $85M
CVS 4.27% 4.51% -0.24% $799M
CB 1.66% 1.89% -0.23% $311M
TCOM 1.55% 1.78% -0.23% $290M
OC 1.30% 1.47% -0.17% $243M
VTRS 3.17% 3.26% -0.09% $593M
SOLV 2.23% 2.32% -0.09% $417M
COP 0.76% 0.85% -0.09% $142M
YOU 0.00% 0.09% -0.09% $0
AGCO 1.00% 1.08% -0.09% $186M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 32.9%
Healthcare 16.9%
Consumer Cyclical 11.1%
Communication Services 10.8%
Technology 7.7%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 22 $6.9B 36.7%
Large Cap 61 $9.7B 51.7%
Mid Cap 18 $1.7B 9.0%
Small Cap 10 $387M 2.1%
Micro Cap 1 $101M 0.5%

Portfolio Analytics

Avg Market Cap
$346.9B
Median Market Cap
$30.0B
Avg P/E
30.7
Median P/E
24.8
Avg Dividend Yield
0.03%
Avg Beta
0.98
# Stocks
107
# ETFs / Funds
5

Top Holdings (112 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 COF 10.19% 8,955,742 $1.9B $212.76 $292M -43,711 -0.5%
2 META 8.32% 2,107,814 $1.6B $738.09 $282M -102,436 -4.6%
3 AMAT 4.85% 4,957,593 $908M $183.07 $183M -35,579 -0.7%
4 USB 4.68% 19,331,637 $875M $45.25 $246M +4,442,623 +29.8%
5 MGM 4.38% 23,821,109 $819M $34.39 $202M +3,006,052 +14.4%
6 CVS 4.27% 11,586,790 $799M $68.98 $17M +37,733 +0.3%
7 BRK-A 4.15% 1,065 $776M $728,800.00 -$468M -493 -31.6%
8 MKL 3.96% 371,131 $741M $1,997.36 $47M -338 -0.1%
9 AMZN 3.83% 3,269,161 $717M $219.39 $48M -250,793 -7.1%
10 WFC 3.50% 8,176,423 $655M $80.12 $47M -292,224 -3.5%
11 VTRS 3.17% 66,375,520 $593M $8.93 $27M +1,427,284 +2.2%
12 GOOGL 2.69% 2,854,413 $503M $176.23 $33M -185,070 -6.1%
13 TSN 2.68% 8,956,466 $501M $55.94 $202M +4,276,884 +91.4%
14 TXN 2.64% 2,380,207 $494M $207.62 $57M -50,828 -2.1%
15 TECK 2.38% 11,034,993 $446M $40.38 $38M -155,635 -1.4%
16 SOLV 2.23% 5,492,661 $417M $75.84 $14M +204,523 +3.9%
17 HUM 2.16% 1,652,734 $404M $244.48 -$213M -678,609 -29.1%
18 UNH 1.89% 1,132,885 $353M $311.97 $328M +1,084,366 +2234.9%
19 CB 1.66% 1,071,823 $311M $289.72 -$18M -14,566 -1.3%
20 TCOM 1.55% 4,949,468 $290M $58.64 -$19M +86,471 +1.8%
21 BRK-B 1.44% 553,845 $269M $485.77 -$92M -124,608 -18.4%
22 DGX 1.30% 1,354,420 $243M $179.63 -$161M -1,033,882 -43.3%
23 OC 1.30% 1,769,093 $243M $137.52 -$12M -18,149 -1.0%
24 CTRA 1.27% 9,338,141 $237M $25.38 +9,338,141 NEW
25 QSR 1.21% 3,419,715 $227M $66.29 $2M +47,204 +1.4%
26 CI 1.16% 655,889 $217M $330.58 -$255M -777,362 -54.2%
27 AGCO 1.00% 1,804,564 $186M $103.16 -$2M -222,702 -11.0%
28 JPM 0.99% 636,042 $184M $289.91 $27M -3,810 -0.6%
29 BK 0.92% 1,898,430 $173M $91.11 $13M -12,215 -0.6%
30 CPNG 0.92% 5,754,998 $172M $29.96 $43M -125,992 -2.1%
31 DUSA 0.84% 3,383,338 $157M $46.28 $13M
32 COP 0.76% 1,585,587 $142M $89.74 -$5M +183,519 +13.1%
33 YMM 0.73% 11,635,925 $137M $11.81 $38M +3,816,581 +48.8%
34 MSFT 0.66% 247,956 $123M $497.41 $27M -8,567 -3.3%
35 GOOG 0.62% 650,390 $115M $177.39 $14M +3,693 +0.6%
36 FITB 0.55% 2,512,856 $103M $41.13 $7M +51,737 +2.1%
37 DINT 0.54% 3,890,080 $101M $25.86 $11M
38 PNC 0.50% 502,357 $94M $186.42 $7M +6,549 +1.3%
39 DAR 0.50% 2,443,570 $93M $37.94 $15M -32,899 -1.3%
40 DFNL 0.49% 2,129,860 $91M $42.94 $8M
41 AXP 0.46% 270,500 $86M $318.98 $13M -935 -0.3%
42 IAC 0.46% 2,280,775 $85M $37.34 -$37M -377,007 -14.2%
43 NTES 0.43% 593,347 $80M $134.58 $19M -2,767 -0.5%
44 DWLD 0.42% 1,916,287 $79M $41.44 $7M
45 APP 0.40% 215,073 $75M $350.08 $32M +52,062 +31.9%
46 SE 0.38% 448,305 $72M $159.94 $5M -66,323 -12.9%
47 L 0.29% 597,343 $55M $91.66 -$308K -1,723 -0.3%
48 BAC 0.29% 1,153,397 $55M $47.32 $6M -2,751 -0.2%
49 WCC 0.29% 290,746 $54M $185.20 $14M +32,243 +12.5%
50 NTB 0.25% 1,062,264 $47M $44.28 $5M -6,177 -0.6%
51 RKT 0.24% 3,132,678 $44M $14.18 $7M -6,611 -0.2%
52 RNR 0.19% 143,067 $35M $242.90 $239K -734 -0.5%
53 BEKE 0.18% 1,852,812 $33M $17.74 -$5M -7,716 -0.4%
54 ORCL 0.15% 131,574 $29M $218.63 $10M -4,806 -3.5%
55 VALE 0.15% 2,948,514 $29M $9.71 $1M +215,001 +7.9%
56 SCHW 0.14% 296,438 $27M $91.24 $4M -1,168 -0.4%
57 JCI 0.14% 245,323 $26M $105.62 -$6M -158,841 -39.3%
58 AMT 0.11% 91,650 $20M $221.02 $903K +2,710 +3.0%
59 ANGIV 0.10% 1,181,911 $18M $15.26 +1,181,911 NEW
60 SAP 0.08% 46,769 $14M $304.10 -$6M -29,357 -38.6%
61 BXP 0.08% 209,630 $14M $67.47 $475K +6,190 +3.0%
62 NVDA 0.08% 89,135 $14M $157.99 +89,135 NEW
63 CUZ 0.07% 460,235 $14M $30.03 $636K +13,300 +3.0%
64 PLD 0.07% 129,226 $14M $105.12 -$6M -42,530 -24.8%
65 RE 0.07% 39,500 $13M $339.85 -$986K -162 -0.4%
66 REXR 0.07% 375,010 $13M $35.57 -$897K +11,390 +3.1%
67 BRX 0.07% 498,390 $13M $26.04 $118K +14,030 +2.9%
68 VTR 0.07% 203,350 $13M $63.15 -$4M -46,840 -18.7%
69 EQIX 0.07% 15,663 $12M $795.47 -$75K +290 +1.9%
70 NOAH 0.07% 1,021,585 $12M $11.94 -$3M -633,232 -38.3%
71 DLR 0.06% 68,460 $12M $174.33 $2M +1,330 +2.0%
72 PSA 0.06% 40,400 $12M $293.42 -$3M -9,360 -18.8%
73 AVB 0.06% 57,820 $12M $203.50 -$392K +1,170 +2.1%
74 ARE 0.06% 156,187 $11M $72.63 -$3M +4,870 +3.2%
75 JD 0.06% 343,487 $11M $32.64 -$3M -1,974 -0.6%
76 SHO 0.05% 1,155,480 $10M $8.68 $3M +363,750 +45.9%
77 MTB 0.05% 50,948 $10M $193.99 $734K -237 -0.5%
78 SPG 0.05% 58,723 $9M $160.76 -$2M -9,310 -13.7%
79 AMH 0.05% 250,360 $9M $36.07 -$162K +7,240 +3.0%
80 CPT 0.05% 78,650 $9M $112.69 -$494K +2,140 +2.8%
81 REG 0.05% 121,830 $9M $71.23 -$36K +3,690 +3.1%
82 EXR 0.04% 56,765 $8M $147.44 -$63K -20 -0.0%
83 ESS 0.04% 28,541 $8M $283.40 -$413K +810 +2.9%
84 MAA 0.04% 53,050 $8M $148.01 -$770K +1,600 +3.1%
85 EGP 0.04% 46,130 $8M $167.12 -$173K +1,380 +3.1%
86 STT 0.04% 72,251 $8M $106.34 $1M -453 -0.6%
87 EQR 0.04% 101,725 $7M $67.49 -$282K +1,870 +1.9%
88 DOC 0.04% 389,186 $7M $17.51 $2M +142,380 +57.7%
89 TFC 0.04% 155,845 $7M $42.99 $263K -586 -0.4%
90 UDR 0.04% 161,990 $7M $40.83 -$550K +3,380 +2.1%
91 HPP 0.03% 2,295,973 $6M $2.74 -$485K -990 -0.0%
92 TRNO 0.03% 104,197 $6M $56.07 -$532K +3,370 +3.3%
93 VICI 0.03% 169,740 $6M $32.60 $855K +26,300 +18.3%
94 CHCT 0.03% 332,280 $6M $16.63 $46K +30,540 +10.1%
95 SUI 0.03% 38,370 $5M $126.49 $2M +13,330 +53.2%
96 CCI 0.02% 42,300 $4M $102.73 $72K +1,300 +3.2%
97 DEI 0.02% 276,750 $4M $15.04 -$139K +7,930 +3.0%
98 CDP 0.02% 147,490 $4M $27.58 +147,490 NEW
99 NTST 0.02% 220,510 $4M $16.93 $2M +105,550 +91.8%
100 O 0.02% 48,870 $3M $57.61 +48,870 NEW

New Positions

SymbolValue% Port
CTRA $237M 1.27%
ANGIV $18M 0.10%
NVDA $14M 0.08%
CDP $4M 0.02%
O $3M 0.02%
TSM $2M 0.01%
AAPL $260K —%
XOM $223K —%

Sold Out Positions

SymbolValue% Port
FRT —%
YOU —%
HIW —%
INTC —%
SKX —%
View SEC EDGAR Filings for DAVIS SELECTED ADVISERS →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms