Davis Selected Advisers

Registered adviser

CIK

1036325

Location

Tucson, AZ

Portfolio Value

Large $23,288,712,906

Diversification

Diversified

Filing Date

Global Rank

#315 / 8,818 ▼ 23

Top Industry

Internet Content & Information 11.2%

Period ended 4 months ago

Filed Aug 11, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 108674

Roster of Oct 1, 2026

Regulatory AUM

$30,120,188,911

Main clients

Registered funds and BDCs (54% of AUM)

Registered funds advised

17 series (0 index, 4 ETFs)

$7,986,308,089 net assets· N-CEN Dec 31, 2025

LEI

254900Q6I0WAL4QT7252

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$30,120,188,911	Registered funds and BDCs (54%)
Apr 2025 to Mar 2026	$25,316,698,977	Registered funds and BDCs (55%)
Apr 2024 to Mar 2025	$22,942,793,322	Registered funds and BDCs (57%)
May 2023 to Mar 2024	$19,885,317,307	Registered funds and BDCs (59%)
Apr 2023	$19,885,317,307	Registered funds and BDCs (59%)
Apr 2022 to Mar 2023	$27,422,634,630	Registered funds and BDCs (61%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 50.6%, 28.1 effective positions, active share 81.2% against the S&P 500 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

23.9% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 20.0 quarters (12+), a floor since 61.7% of the book was already held when coverage starts

Closest benchmark: the S&P 500 as of 2026-06-30, active share 81.2%; sector active share 43.5% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

112 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

7.1%

−0.0 pts

Top 5

28.5%

+0.2 pts

Top 10

50.6%

+1.1 pts

HHI

356

Diversified+9

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	29.3%	$6,829,383,548	23
Healthcare	18.8%	$4,389,577,165	6
Consumer Cyclical	12.5%	$2,914,728,979	7
Communication Services	12.0%	$2,799,049,631	8
Consumer Defensive	5.7%	$1,326,449,302	3
Energy	5.3%	$1,240,506,516	2
Technology	5.1%	$1,186,956,265	12
Basic Materials	4.3%	$999,353,032	3
Industrials	3.1%	$723,600,957	4
Unclassified	2.3%	$524,560,124	6
Real Estate	1.5%	$354,547,387	38

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

18 positions

Ticker	Company	Δ Shares	Shares	Value
JBS	Jbs N.V.	+23,771,576	50,016,236	$592,692,396
LYB	LyondellBasell Industries N.V.	+3,102,264	8,698,852	$457,994,557
TCOM	Trip.com Group Ltd	+2,206,259	8,761,371	$349,053,020
AMZN	Amazon Com Inc	+850,924	4,276,176	$1,019,183,787
NTES	NetEase, Inc.	+190,243	612,955	$78,544,053
PINS	Pinterest, Inc.	+174,620	12,574,721	$264,446,382
SE	Sea Ltd	+161,981	2,011,812	$192,791,943
FRMI	Fermi Inc.	+145,670	451,400	$4,134,824
AMH	American Homes 4 Rent	+48,420	325,590	$10,913,776
NVDA	Nvidia Corp	+41,171	154,727	$30,959,325
UNH	Unitedhealth Group Inc	+27,174	1,274,650	$529,782,779
JAN	Janus Living, Inc.	+25,000	35,000	$1,005,900
MKL	Markel Group Inc.	+23,326	406,759	$794,404,394
ADBE	Adobe Inc.	+22,755	67,894	$13,919,627
CI	Cigna Group	+19,495	2,253,424	$621,223,928
MSFT	Microsoft Corp	+14,484	92,973	$34,680,788
ESS	Essex Property Trust, Inc.	+11,740	28,501	$8,310,606
COP	Conocophillips	+2,155	1,877,583	$195,193,528
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
VTRS	Viatris Inc	−2,978,937	75,232,254	$1,194,688,193
TECK	Teck Resources Ltd	−2,221,166	8,363,497	$497,293,531
YMM	Full Truck Alliance Co. Ltd.	−1,124,109	27,639,082	$224,429,345
AMAT	Applied Materials Inc	−1,094,581	102,521	$74,122,683
QSR	Restaurant Brands International Inc.	−798,782	2,800,345	$203,053,015
USB	US Bancorp De	−784,450	21,453,510	$1,295,792,004
TSN	Tyson Foods, Inc.	−436,972	12,653,717	$724,425,298
TXN	Texas Instruments Inc	−412,185	2,437,486	$726,541,452
MGM	MGM Resorts International	−392,021	23,903,317	$1,142,817,585
CVS	CVS HEALTH Corp	−373,750	11,865,916	$1,227,529,010
RKT	Rocket Companies, Inc.	−360,422	4,463,148	$70,294,581
COF	Capital One Financial Corp	−268,790	8,270,946	$1,659,317,186
SAP	Sap SE	−256,893	60,529	$9,328,124
CHYM	Chime Financial, Inc.	−207,430	2,331,776	$47,754,772
WFC	Wells Fargo & Company	−182,143	8,008,728	$661,841,281
BAC	Bank Of America Corp	−166,428	992,776	$56,568,376
BNY	Bank of New York Mellon Corp	−158,780	366,448	$52,992,045
GOOGL	Alphabet Inc.	−157,499	2,937,160	$1,049,652,869
FITB	Fifth Third Bancorp	−129,342	2,684,183	$151,307,395
GOOG	Alphabet Inc.	−113,333	564,274	$199,374,932
ARE	Alexandria Real Estate Equities, Inc.	−100,340	80,467	$4,252,680
BRX	Brixmor Property Group Inc.	−86,020	477,150	$15,044,539
JPM	Jpmorgan Chase & Co	−80,063	476,389	$155,936,411
META	Meta Platforms, Inc.	−70,984	1,648,172	$928,398,805
L	Loews Corp	−68,886	545,211	$61,723,337
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
DVN	Devon Energy Corp	25,297,991	$1,045,312,988
SBAC	Sba Communications Corp	40,700	$7,181,922
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
—		37,119,404	$1,304,375,994
CCI	Crown Castle Inc.	41,920	$3,408,515
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

112 tracked positions · $23,288,712,906 total · filing declares 112 positions · $23,289,545,492 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology

Showing 1–50 of 112 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
COF	Capital One Financial Corp Financial Services	Reduced	8,270,946	-268,790	$1,659,317,186	+6.5%	26+	before history	7.12%
USB	US Bancorp De Financial Services	Reduced	21,453,510	-784,450	$1,295,792,004	+12.0%	26+	before history	5.56%
CVS	CVS HEALTH Corp Healthcare	Reduced	11,865,916	-373,750	$1,227,529,010	+39.6%	26+	before history	5.27%
VTRS	Viatris Inc Healthcare	Reduced	75,232,254	-2,978,937	$1,194,688,193	+13.1%	23	$13.59	5.13%
MGM	MGM Resorts International Consumer Cyclical	Reduced	23,903,317	-392,021	$1,142,817,585	+27.1%	12	$39.74	4.91%
GOOGL	Alphabet Inc. Communication Services	Reduced	2,937,160	-157,499	$1,049,652,869	+18.0%	26+	before history	4.51%
DVN	Devon Energy Corp Energy	NEW	25,297,991	NEW	$1,045,312,988	NEW	1	$46.35	4.49%
AMZN	Amazon Com Inc Consumer Cyclical	Added	4,276,176	+850,924	$1,019,183,787	+42.9%	26+	before history	4.38%
META	Meta Platforms, Inc. Communication Services	Reduced	1,648,172	-70,984	$928,398,805	−5.6%	26+	before history	3.99%
MKL	Markel Group Inc. Financial Services	Added	406,759	+23,326	$794,404,394	+8.2%	26+	before history	3.41%
TXN	Texas Instruments Inc Technology	Reduced	2,437,486	-412,185	$726,541,452	+31.3%	26+	before history	3.12%
TSN	Tyson Foods, Inc. Consumer Defensive	Reduced	12,653,717	-436,972	$724,425,298	−13.6%	9	$57.22	3.11%
WFC	Wells Fargo & Company Financial Services	Reduced	8,008,728	-182,143	$661,841,281	+1.5%	26+	before history	2.84%
BRK-A	Berkshire Hathaway Inc Financial Services	Reduced	868	-55	$650,001,800	−1.9%	26+	before history	2.79%
CI	Cigna Group Healthcare	Added	2,253,424	+19,495	$621,223,928	+4.2%	26+	before history	2.67%
JBS	Jbs N.V. Consumer Defensive	Added	50,016,236	+23,771,576	$592,692,396	+25.7%	3	$14.69	2.54%
UNH	Unitedhealth Group Inc Healthcare	Added	1,274,650	+27,174	$529,782,779	+56.9%	26+	before history	2.27%
TECK	Teck Resources Ltd Basic Materials	Reduced	8,363,497	-2,221,166	$497,293,531	−9.2%	20	$30.58	2.14%
SOLV	Solventum Corp Healthcare	Reduced	6,307,729	-22,596	$486,641,292	+17.7%	9	$63.16	2.09%
LYB	LyondellBasell Industries N.V. Basic Materials	Added	8,698,852	+3,102,264	$457,994,557	+1.6%	2	$62.77	1.97%
CB	Chubb Ltd Financial Services	Reduced	1,148,090	-47,301	$391,200,186	+0.4%	26+	before history	1.68%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	738,433	-11,413	$369,504,488	+2.8%	26+	before history	1.59%
TCOM	Trip.com Group Ltd Consumer Cyclical	Added	8,761,371	+2,206,259	$349,053,020	+6.9%	8	$52.06	1.50%
OC	Owens Corning Industrials	Reduced	2,081,213	-19,722	$330,829,618	+45.5%	26+	before history	1.42%
DGX	Quest Diagnostics Inc Healthcare	Reduced	1,555,612	-62,201	$329,711,963	+4.0%	26+	before history	1.42%
PINS	Pinterest, Inc. Communication Services	Added	12,574,721	+174,620	$264,446,382	+16.3%	4	$32.98	1.14%
AGCO	Agco Corp Industrials	Reduced	2,058,488	-28,155	$246,401,013	+1.9%	11	$108.74	1.06%
YMM	Full Truck Alliance Co. Ltd. Technology	Reduced	27,639,082	-1,124,109	$224,429,345	−6.0%	7	$10.61	0.96%
QSR	Restaurant Brands International Inc. Consumer Cyclical	Reduced	2,800,345	-798,782	$203,053,015	−23.7%	6	$65.08	0.87%
GOOG	Alphabet Inc. Communication Services	Reduced	564,274	-113,333	$199,374,932	+2.6%	26+	before history	0.86%
COP	Conocophillips Energy	Added	1,877,583	+2,155	$195,193,528	−21.2%	9	$107.90	0.84%
SE	Sea Ltd Consumer Cyclical	Added	2,011,812	+161,981	$192,791,943	+25.9%	9	$96.71	0.83%
DUSA	Davis Select U.S. Equity ETF	Held	3,400,745	0	$191,053,854	+10.7%	26+	before history	0.82%
APP	AppLovin Corp Communication Services	Reduced	315,539	-20,271	$162,575,158	+21.6%	6	$401.43	0.70%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	476,389	-80,063	$155,936,411	−4.7%	26+	before history	0.67%
FITB	Fifth Third Bancorp Financial Services	Reduced	2,684,183	-129,342	$151,307,395	+15.8%	17	$36.26	0.65%
WCC	Wesco International Inc Industrials	Reduced	363,915	-17,092	$125,707,158	+20.6%	16	$173.66	0.54%
PNC	Pnc Financial Services Group, Inc. Financial Services	Reduced	496,066	-45,856	$122,141,370	+8.3%	26+	before history	0.52%
DINT	Davis Select International ETF	Held	3,915,748	0	$111,598,818	+5.9%	26+	before history	0.48%
PPLI	People Inc Communication Services	Reduced	2,394,024	-19,223	$110,508,147	+14.4%	21	unpriced	0.47%
DFNL	Davis Fundamental ETF Trust	Held	2,130,666	0	$105,180,327	+10.1%	26+	before history	0.45%
DWLD	Davis Select Worldwide ETF	Held	1,935,585	0	$89,501,450	+5.5%	26+	before history	0.38%
NTES	NetEase, Inc. Communication Services	Added	612,955	+190,243	$78,544,053	+66.0%	7	$97.13	0.34%
RNR	Renaissancere Holdings Ltd Financial Services	Reduced	234,528	-22,662	$74,321,923	−2.8%	8	$253.96	0.32%
AMAT	Applied Materials Inc Technology	Reduced	102,521	-1,094,581	$74,122,683	−81.9%	26+	before history	0.32%
AXP	American Express Co Financial Services	Reduced	209,821	-23,305	$70,971,953	+0.6%	26+	before history	0.30%
RKT	Rocket Companies, Inc. Financial Services	Reduced	4,463,148	-360,422	$70,294,581	+2.3%	21	$17.39	0.30%
L	Loews Corp Financial Services	Reduced	545,211	-68,886	$61,723,337	−5.8%	26+	before history	0.27%
NTB	Bank of N.T. Butterfield & Son Ltd Financial Services	Reduced	1,012,140	-60,989	$60,222,330	+6.9%	26+	before history	0.26%
BAC	Bank Of America Corp Financial Services	Reduced	992,776	-166,428	$56,568,376	+0.1%	26+	before history	0.24%

Showing the top 50 of 112 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.