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Asset Manager ← All Institutions

DAVIS SELECTED ADVISERS

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

Q4 2025 · Filed 2026-02-02
Market Value
$22.1B
+15.2%
Holdings
109
-1
New Purchases
2
Added To
54
Closed
3
Reduced
43
Top 10 Concentration
50.7%
Turnover
4.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CTRA 3.88% 2.46% +1.42% $856M
GOOGL 4.42% 3.52% +0.91% $976M
VTRS 4.41% 3.58% +0.83% $973M
TSN 3.41% 2.82% +0.58% $752M
USB 5.33% 4.90% +0.43% $1.2B
MKL 4.04% 3.73% +0.32% $892M
BRK-B 1.68% 1.40% +0.28% $372M
GOOG 1.01% 0.82% +0.19% $223M
FI 0.17% 0.00% +0.17% $38M
COF 9.46% 9.30% +0.16% $2.1B
SOLV 2.23% 2.10% +0.13% $493M
IVE 0.12% 0.01% +0.11% $27M
RE 0.18% 0.07% +0.11% $40M
RNR 0.29% 0.19% +0.10% $65M
CB 1.68% 1.58% +0.10% $370M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
META 5.24% 6.58% -1.34% $1.2B
AMAT 4.89% 5.94% -1.05% $1.1B
BRK-A 3.22% 3.93% -0.71% $712M
HUM 0.00% 0.52% -0.52% $0
BK 0.27% 0.57% -0.30% $61M
TCOM 1.65% 1.94% -0.29% $363M
OC 1.04% 1.31% -0.28% $229M
NTES 0.27% 0.47% -0.21% $59M
YMM 0.85% 1.01% -0.16% $188M
SE 0.25% 0.41% -0.16% $56M
UNH 1.90% 2.05% -0.15% $420M
JPM 0.83% 0.98% -0.15% $184M
DGX 1.25% 1.35% -0.10% $276M
APP 0.76% 0.84% -0.08% $167M
DINT 0.50% 0.57% -0.07% $111M

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 19 $7.4B 33.6%
Large Cap 62 $12.1B 54.9%
Mid Cap 17 $2.0B 9.1%
Small Cap 10 $412M 1.9%
Micro Cap 1 $111M 0.5%

Portfolio Analytics

Avg Market Cap
$304.4B
Median Market Cap
$30.2B
Avg P/E
31.0
Median P/E
24.8
Avg Dividend Yield
0.03%
Avg Beta
0.98
# Stocks
104
# ETFs / Funds
5

Top Holdings (109 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 COF 9.46% 8,614,766 $2.1B $242.36 $306M +234,649 +2.8%
2 USB 5.33% 22,041,759 $1.2B $53.36 $237M +2,610,197 +13.4%
3 META 5.24% 1,752,974 $1.2B $660.10 -$103M +37,460 +2.2%
4 AMAT 4.89% 4,201,298 $1.1B $256.99 -$57M -1,352,694 -24.4%
5 CVS 4.59% 12,760,511 $1.0B $79.36 $153M +1,356,870 +11.9%
6 MGM 4.43% 26,820,202 $979M $36.49 $148M +2,866,750 +12.0%
7 GOOGL 4.42% 3,118,760 $976M $313.00 $303M +348,166 +12.6%
8 VTRS 4.41% 78,177,984 $973M $12.45 $287M +8,832,339 +12.7%
9 MKL 4.04% 415,160 $892M $2,149.76 $179M +41,632 +11.2%
10 CTRA 3.88% 32,537,508 $856M $26.32 $386M +12,654,027 +63.6%
11 AMZN 3.59% 3,429,262 $792M $230.82 $103M +291,276 +9.3%
12 WFC 3.49% 8,258,031 $770M $93.20 $117M +471,979 +6.1%
13 TSN 3.41% 12,827,540 $752M $58.62 $211M +2,865,413 +28.8%
14 BRK-A 3.22% 943 $712M $754,800.00 -$41M -55 -5.5%
15 TECK 2.61% 12,019,609 $576M $47.89 $92M +995,947 +9.0%
16 TXN 2.24% 2,853,227 $495M $173.49 $69M +535,819 +23.1%
17 SOLV 2.23% 6,220,072 $493M $79.24 $90M +702,461 +12.7%
18 UNH 1.90% 1,273,400 $420M $330.12 $27M +134,097 +11.8%
19 BRK-B 1.68% 739,875 $372M $502.66 $103M +205,927 +38.6%
20 CB 1.68% 1,186,647 $370M $312.12 $68M +116,202 +10.9%
21 TCOM 1.65% 5,053,389 $363M $71.91 -$8M +111,944 +2.3%
22 PINS 1.38% 11,801,983 $306M $25.89 $52M +3,909,926 +49.5%
23 DGX 1.25% 1,589,883 $276M $173.53 $16M +228,271 +16.8%
24 QSR 1.24% 4,020,791 $274M $68.23 $47M +478,403 +13.5%
25 OC 1.04% 2,046,583 $229M $111.91 -$22M +269,216 +15.2%
26 GOOG 1.01% 710,963 $223M $313.80 $66M +64,912 +10.1%
27 AGCO 0.97% 2,048,835 $214M $104.32 $20M +235,913 +13.0%
28 CI 0.94% 752,852 $207M $275.24 $18M +96,534 +14.7%
29 YMM 0.85% 17,537,524 $188M $10.73 -$6M +2,555,751 +17.1%
30 JPM 0.83% 571,586 $184M $322.22 -$4M -24,040 -4.0%
31 DUSA 0.78% 3,384,566 $173M $51.13 $11M +1,228 +0.0%
32 COP 0.76% 1,797,887 $168M $93.61 $17M +198,576 +12.4%
33 APP 0.76% 247,981 $167M $673.84 $6M +24,407 +10.9%
34 FITB 0.58% 2,744,310 $128M $46.81 $10M +75,441 +2.8%
35 DINT 0.50% 3,892,451 $111M $28.50 $2M +2,371 +0.1%
36 PNC 0.50% 530,089 $111M $208.73 $10M +28,272 +5.6%
37 DFNL 0.47% 2,130,361 $103M $48.33 $7M +501 +0.0%
38 DAR 0.46% 2,842,306 $102M $36.00 $27M +388,366 +15.8%
39 IAC 0.45% 2,514,072 $98M $39.10 $22M +270,383 +12.1%
40 DWLD 0.41% 1,917,460 $89M $46.64 $3M +1,173 +0.1%
41 AXP 0.41% 241,700 $89M $369.95 $7M -6,240 -2.5%
42 WCC 0.40% 364,502 $89M $244.64 $27M +71,932 +24.6%
43 RNR 0.29% 229,739 $65M $281.16 $28M +86,594 +60.5%
44 BAC 0.29% 1,149,873 $63M $55.00 $4M -716 -0.1%
45 L 0.29% 600,046 $63M $105.31 $3M +4,349 +0.7%
46 RKT 0.28% 3,227,910 $62M $19.36 $2M +93,676 +3.0%
47 CHYM 0.28% 2,472,106 $62M $25.17 $14M +72,940 +3.0%
48 BK 0.27% 521,722 $61M $116.09 -$50M -488,959 -48.4%
49 NTES 0.27% 426,164 $59M $137.62 -$32M -168,576 -28.3%
50 SE 0.25% 436,534 $56M $127.57 -$23M -4,060 -0.9%
51 NTB 0.24% 1,053,710 $52M $49.82 $7M -5,083 -0.5%
52 RE 0.18% 118,017 $40M $339.35 $26M +78,589 +199.3%
53 FI 0.17% 568,982 $38M $67.17 +568,982 NEW
54 VALE 0.17% 2,931,198 $38M $13.03 $6M
55 SCHW 0.14% 301,695 $30M $99.91 $2M +5,254 +1.8%
56 MSFT 0.13% 60,801 $29M $483.64 $2M +8,495 +16.2%
57 BEKE 0.13% 1,851,804 $29M $15.76 -$6M
58 IVE 0.12% 127,053 $27M $212.07 $26M +120,439 +1821.0%
59 JCI 0.11% 209,960 $25M $119.75 $5M +23,956 +12.9%
60 PLD 0.10% 180,126 $23M $127.66 $301K -18,040 -9.1%
61 NVDA 0.09% 111,038 $21M $186.51 $4M +21,243 +23.7%
62 STT 0.08% 143,773 $19M $129.01 $7M +39,988 +38.5%
63 EQIX 0.07% 20,773 $16M $766.16 -$1M -1,030 -4.7%
64 BXP 0.07% 233,910 $16M $67.48 -$2M -5,850 -2.4%
65 ORCL 0.07% 79,416 $15M $194.92 -$3M +12,364 +18.4%
66 BRX 0.07% 555,970 $15M $26.22 -$1M -14,030 -2.5%
67 AVB 0.06% 78,840 $14M $181.31 $1M +12,260 +18.4%
68 SAP 0.06% 56,347 $14M $242.93 $1M +9,560 +20.4%
69 REXR 0.06% 344,830 $13M $38.72 -$3M -50,320 -12.7%
70 CUZ 0.06% 499,615 $13M $25.78 -$2M -12,740 -2.5%
71 ANGIV 0.06% 948,993 $12M $12.93 -$3M -13
72 DLR 0.06% 79,250 $12M $154.71 -$2M -2,030 -2.5%
73 SPG 0.06% 66,183 $12M $185.11 -$2M -10,550 -13.8%
74 SHO 0.05% 1,279,610 $11M $8.94 -$852K -32,190 -2.5%
75 PSA 0.05% 43,520 $11M $259.50 -$2M -1,090 -2.4%
76 MTB 0.05% 55,846 $11M $201.48 $1M +4,819 +9.4%
77 AMT 0.05% 63,970 $11M $175.57 -$1M -1,700 -2.6%
78 NOAH 0.05% 1,021,585 $10M $10.04 -$2M
79 CPT 0.04% 86,930 $10M $110.08 $53K -2,190 -2.5%
80 TFC 0.04% 192,053 $9M $49.21 $2M +35,616 +22.8%
81 JD 0.04% 329,221 $9M $28.70 -$3M -12,490 -3.7%
82 REG 0.04% 136,650 $9M $69.03 -$781K -3,460 -2.5%
83 EGP 0.04% 51,630 $9M $178.14 $237K -1,310 -2.5%
84 AMH 0.04% 278,610 $9M $32.10 -$553K -6,990 -2.5%
85 VTR 0.04% 114,410 $9M $77.38 $641K -2,920 -2.5%
86 ARE 0.04% 178,127 $9M $48.94 -$6M -2,030 -1.1%
87 MAA 0.04% 59,380 $8M $138.91 -$255K -1,480 -2.4%
88 CDP 0.04% 294,740 $8M $27.80 -$586K -7,380 -2.4%
89 DOC 0.03% 435,936 $7M $16.08 -$2M -10,930 -2.5%
90 TRNO 0.03% 117,937 $7M $58.71 $63K -2,970 -2.5%
91 EQR 0.03% 104,515 $7M $63.04 -$351K -2,700 -2.5%
92 VICI 0.03% 216,240 $6M $28.12 -$1M -5,370 -2.4%
93 CHCT 0.02% 325,560 $5M $16.42 $248K -7,630 -2.3%
94 SUI 0.02% 42,840 $5M $123.91 -$361K -1,110 -2.5%
95 O 0.02% 91,390 $5M $56.37 -$537K -2,190 -2.3%
96 ESS 0.02% 16,511 $4M $261.68 -$217K -440 -2.6%
97 UDR 0.02% 113,280 $4M $36.68 -$3M -72,910 -39.2%
98 SNPS 0.02% 8,655 $4M $469.72 -$205K
99 CCI 0.02% 42,160 $4M $88.87 -$425K -1,080 -2.5%
100 EXR 0.02% 27,955 $4M $130.22 -$4M -27,100 -49.2%

New Positions

SymbolValue% Port
FI $38M 0.17%
CUBE $3M 0.01%

Sold Out Positions

SymbolValue% Port
RH —%
HPP —%
HUM —%
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