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Asset Manager ← All Institutions

DAVIS SELECTED ADVISERS

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

Q3 2025 · Filed 2025-12-29
Market Value
$19.2B
+2.4%
Holdings
110
-2
New Purchases
3
Added To
59
Closed
3
Reduced
36
Top 10 Concentration
50.4%
Turnover
5.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
PINS 1.33% 0.00% +1.33% $254M
CTRA 2.46% 1.27% +1.19% $470M
AMAT 5.94% 4.85% +1.08% $1.1B
GOOGL 3.52% 2.69% +0.83% $674M
APP 0.84% 0.40% +0.44% $161M
VTRS 3.58% 3.17% +0.41% $687M
TCOM 1.94% 1.55% +0.39% $372M
YMM 1.01% 0.73% +0.28% $194M
CHYM 0.25% 0.00% +0.25% $48M
USB 4.90% 4.68% +0.23% $939M
CVS 4.49% 4.27% +0.21% $860M
GOOG 0.82% 0.62% +0.20% $157M
UNH 2.05% 1.89% +0.16% $393M
TSN 2.82% 2.68% +0.15% $541M
TECK 2.53% 2.38% +0.14% $484M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
META 6.58% 8.32% -1.74% $1.3B
HUM 0.52% 2.16% -1.64% $100M
CPNG 0.00% 0.92% -0.92% $0
COF 9.30% 10.19% -0.89% $1.8B
MSFT 0.14% 0.66% -0.52% $27M
TXN 2.22% 2.64% -0.42% $426M
BK 0.57% 0.92% -0.35% $110M
AMZN 3.60% 3.83% -0.24% $689M
MKL 3.73% 3.96% -0.24% $714M
BRK-A 3.93% 4.15% -0.22% $753M
CI 0.99% 1.16% -0.17% $189M
SOLV 2.10% 2.23% -0.12% $403M
DAR 0.40% 0.50% -0.10% $76M
WFC 3.41% 3.50% -0.10% $653M
CB 1.58% 1.66% -0.08% $302M

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 21 $6.8B 35.6%
Large Cap 62 $10.0B 52.3%
Mid Cap 16 $1.8B 9.5%
Small Cap 10 $407M 2.1%
Micro Cap 1 $109M 0.6%

Portfolio Analytics

Avg Market Cap
$348.5B
Median Market Cap
$30.2B
Avg P/E
31.2
Median P/E
25.0
Avg Dividend Yield
0.02%
Avg Beta
0.97
# Stocks
105
# ETFs / Funds
5

Top Holdings (110 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 COF 9.30% 8,380,117 $1.8B $212.58 -$124M -575,625 -6.4%
2 META 6.58% 1,715,514 $1.3B $734.38 -$296M -392,300 -18.6%
3 AMAT 5.94% 5,553,992 $1.1B $204.74 $230M +596,399 +12.0%
4 USB 4.90% 19,431,562 $939M $48.33 $64M +99,925 +0.5%
5 CVS 4.49% 11,403,641 $860M $75.39 $60M -183,149 -1.6%
6 MGM 4.33% 23,953,452 $830M $34.66 $11M +132,343 +0.6%
7 BRK-A 3.93% 998 $753M $754,200.00 -$23M -67 -6.3%
8 MKL 3.73% 373,528 $714M $1,911.36 -$27M +2,397 +0.7%
9 AMZN 3.60% 3,137,986 $689M $219.57 -$28M -131,175 -4.0%
10 VTRS 3.58% 69,345,645 $687M $9.90 $94M +2,970,125 +4.5%
11 GOOGL 3.52% 2,770,594 $674M $243.10 $170M -83,819 -2.9%
12 WFC 3.41% 7,786,052 $653M $83.82 -$2M -390,371 -4.8%
13 TSN 2.82% 9,962,127 $541M $54.30 $40M +1,005,661 +11.2%
14 TECK 2.53% 11,023,662 $484M $43.89 $38M -11,331 -0.1%
15 CTRA 2.46% 19,883,481 $470M $23.65 $233M +10,545,340 +112.9%
16 TXN 2.22% 2,317,408 $426M $183.73 -$68M -62,799 -2.6%
17 SOLV 2.10% 5,517,611 $403M $73.00 -$14M +24,950 +0.5%
18 UNH 2.05% 1,139,303 $393M $345.30 $40M +6,418 +0.6%
19 TCOM 1.94% 4,941,445 $372M $75.20 $81M -8,023 -0.2%
20 CB 1.58% 1,070,445 $302M $282.25 -$8M -1,378 -0.1%
21 BRK-B 1.40% 533,948 $268M $502.74 -$604K -19,897 -3.6%
22 DGX 1.35% 1,361,612 $259M $190.58 $16M +7,192 +0.5%
23 PINS 1.33% 7,892,057 $254M $32.17 +7,892,057 NEW
24 OC 1.31% 1,777,367 $251M $141.46 $8M +8,274 +0.5%
25 QSR 1.19% 3,542,388 $227M $64.14 $516K +122,673 +3.6%
26 YMM 1.01% 14,981,773 $194M $12.97 $57M +3,345,848 +28.8%
27 AGCO 1.01% 1,812,922 $194M $107.07 $8M +8,358 +0.5%
28 CI 0.99% 656,318 $189M $288.25 -$28M +429 +0.1%
29 JPM 0.98% 595,626 $188M $315.43 $3M -40,416 -6.3%
30 DUSA 0.85% 3,383,338 $162M $47.90 $5M
31 APP 0.84% 223,574 $161M $718.54 $85M +8,501 +4.0%
32 GOOG 0.82% 646,051 $157M $243.55 $42M -4,339 -0.7%
33 COP 0.79% 1,599,311 $151M $94.59 $9M +13,724 +0.9%
34 FITB 0.62% 2,668,869 $119M $44.55 $16M +156,013 +6.2%
35 BK 0.57% 1,010,681 $110M $108.96 -$63M -887,749 -46.8%
36 DINT 0.57% 3,890,080 $109M $27.98 $8M
37 PNC 0.53% 501,817 $101M $200.93 $7M -540 -0.1%
38 HUM 0.52% 385,539 $100M $260.17 -$304M -1,267,195 -76.7%
39 DFNL 0.50% 2,129,860 $96M $45.22 $5M
40 NTES 0.47% 594,740 $90M $151.99 $11M +1,393 +0.2%
41 DWLD 0.45% 1,916,287 $87M $45.23 $7M
42 AXP 0.43% 247,940 $82M $332.16 -$4M -22,560 -8.3%
43 SE 0.41% 440,594 $79M $178.73 $7M -7,711 -1.7%
44 IAC 0.40% 2,243,689 $76M $34.07 -$9M -37,086 -1.6%
45 DAR 0.40% 2,453,940 $76M $30.87 -$17M +10,370 +0.4%
46 WCC 0.32% 292,570 $62M $211.50 $8M +1,824 +0.6%
47 RKT 0.32% 3,134,234 $61M $19.38 $16M +1,556 +0.1%
48 L 0.31% 595,697 $60M $100.39 $5M -1,646 -0.3%
49 BAC 0.31% 1,150,589 $59M $51.59 $5M -2,808 -0.2%
50 CHYM 0.25% 2,399,166 $48M $20.17 +2,399,166 NEW
51 NTB 0.24% 1,058,793 $45M $42.92 -$2M -3,471 -0.3%
52 RNR 0.19% 143,145 $36M $253.93 $2M +78 +0.1%
53 BEKE 0.18% 1,851,804 $35M $19.00 $2M -1,008 -0.1%
54 VALE 0.17% 2,931,198 $32M $10.86 $3M -17,316 -0.6%
55 SCHW 0.15% 296,441 $28M $95.47 $1M +3
56 MSFT 0.14% 52,306 $27M $517.95 -$96M -195,650 -78.9%
57 PLD 0.12% 198,166 $23M $114.52 $9M +68,940 +53.4%
58 JCI 0.11% 186,004 $20M $109.95 -$5M -59,319 -24.2%
59 ORCL 0.10% 67,052 $19M $281.24 -$10M -64,522 -49.0%
60 BXP 0.09% 239,760 $18M $74.34 $4M +30,130 +14.4%
61 EQIX 0.09% 21,803 $17M $783.24 $5M +6,140 +39.2%
62 NVDA 0.09% 89,795 $17M $186.58 $3M +660 +0.7%
63 REXR 0.08% 395,150 $16M $41.11 $3M +20,140 +5.4%
64 BRX 0.08% 570,000 $16M $27.68 $3M +71,610 +14.4%
65 ANGIV 0.08% 949,006 $15M $16.26 -$3M -232,905 -19.7%
66 ARE 0.08% 180,157 $15M $83.34 $4M +23,970 +15.3%
67 CUZ 0.08% 512,355 $15M $28.94 $1M +52,120 +11.3%
68 SPG 0.08% 76,733 $14M $187.67 $5M +18,010 +30.7%
69 DLR 0.07% 81,280 $14M $172.88 $2M +12,820 +18.7%
70 RE 0.07% 39,428 $14M $350.23 $385K -72 -0.2%
71 PSA 0.07% 44,610 $13M $288.85 $1M +4,210 +10.4%
72 AVB 0.07% 66,580 $13M $193.17 $1M +8,760 +15.2%
73 AMT 0.07% 65,670 $13M $192.32 -$8M -25,980 -28.4%
74 SAP 0.07% 46,787 $13M $267.21 -$2M +18 +0.0%
75 SHO 0.06% 1,311,800 $12M $9.37 $2M +156,320 +13.5%
76 STT 0.06% 103,785 $12M $116.01 $4M +31,534 +43.6%
77 JD 0.06% 341,711 $12M $34.98 $742K -1,776 -0.5%
78 NOAH 0.06% 1,021,585 $12M $11.59 -$358K
79 REG 0.05% 140,110 $10M $72.90 $2M +18,280 +15.0%
80 MTB 0.05% 51,027 $10M $197.62 $201K +79 +0.2%
81 CPT 0.05% 89,120 $10M $106.78 $653K +10,470 +13.3%
82 AMH 0.05% 285,600 $9M $33.25 $466K +35,240 +14.1%
83 EGP 0.05% 52,940 $9M $169.26 $1M +6,810 +14.8%
84 CDP 0.05% 302,120 $9M $29.06 $5M +154,630 +104.8%
85 DOC 0.04% 446,866 $9M $19.15 $2M +57,680 +14.8%
86 MAA 0.04% 60,860 $9M $139.73 $652K +7,810 +14.7%
87 VTR 0.04% 117,330 $8M $69.99 -$5M -86,020 -42.3%
88 EXR 0.04% 55,055 $8M $140.94 -$610K -1,710 -3.0%
89 VICI 0.04% 221,610 $7M $32.61 $2M +51,870 +30.6%
90 TFC 0.04% 156,437 $7M $45.72 $453K +592 +0.4%
91 EQR 0.04% 107,215 $7M $64.73 $75K +5,490 +5.4%
92 UDR 0.04% 186,190 $7M $37.26 $323K +24,200 +14.9%
93 TRNO 0.04% 120,907 $7M $56.75 $1M +16,710 +16.0%
94 HPP 0.03% 2,300,183 $6M $2.76 $58K +4,210 +0.2%
95 NTST 0.03% 342,410 $6M $18.06 $2M +121,900 +55.3%
96 O 0.03% 93,580 $6M $60.79 $3M +44,710 +91.5%
97 SUI 0.03% 43,950 $6M $129.00 $816K +5,580 +14.5%
98 CHCT 0.03% 333,190 $5M $15.30 -$428K +910 +0.3%
99 DEI 0.03% 317,600 $5M $15.57 $783K +40,850 +14.8%
100 ESS 0.02% 16,951 $5M $267.66 -$4M -11,590 -40.6%

New Positions

SymbolValue% Port
PINS $254M 1.33%
CHYM $48M 0.25%
SNPS $4M 0.02%

Sold Out Positions

SymbolValue% Port
XOM —%
CPNG —%
AAPL —%
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