Davis Asset Management, L.P.
Filing Date
Global Rank
#971
/ 8,622
▲ 128
· as of Mar 2026
Top Industry
Banks - Regional
28.1%
3Y Alpha vs SPY
-0.9%
Period ended 4 months ago
Filed May 15, 2026 · 3mo
15 quarters · since Sep 2022
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Cloned portfolio
+68.2%
SPY
+67.9%
Annualised alpha
+0.1%
Max drawdown
−21.1%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
80 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
10.4%
−3.4 pts
Top 5
34.0%
−5.0 pts
Top 10
55.6%
−5.3 pts
HHI
447
Diversified−107
Portfolio Trend
15 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 76.7% | $2,174,343,202 |
| Communication Services | 10.4% | $296,016,854 |
| Technology | 3.9% | $109,849,991 |
| Industrials | 3.6% | $101,532,227 |
| Consumer Cyclical | 2.7% | $77,452,136 |
| Real Estate | 2.2% | $63,172,200 |
| Healthcare | 0.2% | $4,604,754 |
| Energy | 0.1% | $4,104,358 |
| Consumer Defensive | 0.1% | $2,087,670 |
| Basic Materials | 0.0% | $806,525 |
| Utilities | 0.0% | $7,070 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
19 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| CRBG | Corebridge Financial, Inc. | +2,304,000 | 5,804,000 | $138,483,440 | |
| WAL | Western Alliance Bancorporation | +583,000 | 3,083,000 | $218,430,550 | |
| EQR | Equity Residential | +268,000 | 1,068,000 | $63,172,200 | |
| ACN | Accenture plc | +190,000 | 540,000 | $107,076,600 | |
| BRK-B | Berkshire Hathaway Inc | +135,643 | 315,643 | $151,256,125 | |
| CG | Carlyle Group Inc. | +131,000 | 1,131,000 | $54,729,090 | |
| USB | US Bancorp De | +115,210 | 715,210 | $37,198,072 | |
| BABA | Alibaba Group Holding Ltd | +107,561 | 607,561 | $76,224,603 | |
| ACGL | Arch Capital Group Ltd. | +100,000 | 650,000 | $62,393,500 | |
| GPN | Global Payments Inc | +85,000 | 1,485,000 | $99,940,500 | |
| AX | Axos Financial, Inc. | +78,000 | 1,535,219 | $130,631,784 | |
| OSBC | Old Second Bancorp Inc | +54,477 | 1,800,000 | $36,288,000 | |
| CB | Chubb Ltd | +44,556 | 494,556 | $161,190,637 | |
| SFBS | ServisFirst Bancshares, Inc. | +35,000 | 910,376 | $66,302,684 | |
| MKL | Markel Group Inc. | +20,631 | 70,631 | $135,192,671 | |
| V | Visa Inc. | +20,000 | 320,000 | $96,716,800 | |
| MA | Mastercard Inc | +17,000 | 102,000 | $50,965,320 | |
| META | Meta Platforms, Inc. | +15,000 | 515,000 | $294,646,950 | |
| MTB | M&T Bank Corp | +10,000 | 410,000 | $84,755,200 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reducedNo qualifying positions this quarter.
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| JPM | Jpmorgan Chase & Co | 468,786 | $137,898,089 | |
| PGR | Progressive Corp/Oh/ | 504,510 | $100,014,062 | |
| GS | Goldman Sachs Group Inc | 92,391 | $78,161,862 | |
| WFC | Wells Fargo & Company/Mn | 337,969 | $26,905,712 | |
| AXP | American Express Co | 63,000 | $19,056,240 | |
| MKTX | Marketaxess Holdings Inc | 108,846 | $17,957,413 | |
| STT | State Street Corp | 116,000 | $14,680,960 | |
| XOM | ExxonMobil Holdings Corp | 24,166 | $4,100,003 | |
| JNJ | Johnson & Johnson | 12,500 | $3,055,500 | |
| AMAT | Applied Materials Inc /De | 6,626 | $2,264,700 | |
| BLK | BlackRock, Inc. | 2,100 | $2,019,591 | |
| KO | Coca Cola Co | 25,000 | $1,901,250 | |
| GOOGL | Alphabet Inc. | 4,750 | $1,365,910 | |
| MGM | MGM Resorts International | 31,458 | $1,164,260 | |
| DE | Deere & Co | 1,943 | $1,094,491 | |
| TRV | Travelers Companies, Inc. | 3,653 | $1,065,507 | |
| LLY | ELI LILLY & Co | 637 | $585,893 | |
| MRK | Merck & Co., Inc. | 4,000 | $481,160 | |
| LIN | Linde PLC | 900 | $446,184 | |
| WRB | Berkley W R Corp | 5,804 | $384,689 | |
| STTK | Shattuck Labs, Inc. | 48,276 | $310,414 | |
| IBM | International Business Machines Corp | 1,274 | $308,804 | |
| UNP | Union Pacific Corp | 1,200 | $291,144 | |
| AFL | Aflac Inc | 2,000 | $219,420 | |
| WMT | Walmart Inc. | 1,500 | $186,420 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| WBS | Webster Financial Corp | 2,000,000 | $125,880,000 | |
| No positions match the current search. | ||||
80 tracked positions ·
$2,833,976,987 total
· filing declares
85 positions · $3,455,877,426
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 80 positions by value
· page 1 of 2
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 515,000 | $294,646,950 | 10.40% | |
| WAL |
Western Alliance Bancorporation
Financial Services
|
Added | 3,083,000 | $218,430,550 | 7.71% | |
| CB |
Chubb Ltd
Financial Services
|
Added | 494,556 | $161,190,637 | 5.69% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Added | 315,643 | $151,256,125 | 5.34% | |
| CRBG |
Corebridge Financial, Inc.
Financial Services
|
Added | 5,804,000 | $138,483,440 | 4.89% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
NEW | 468,786 | $137,898,089 | 4.87% | |
| MKL |
Markel Group Inc.
Financial Services
|
Added | 70,631 | $135,192,671 | 4.77% | |
| AX |
Axos Financial, Inc.
Financial Services
|
Added | 1,535,219 | $130,631,784 | 4.61% | |
| ACN |
Accenture plc
Technology
|
Added | 540,000 | $107,076,600 | 3.78% | |
| PGR |
Progressive Corp/Oh/
Financial Services
|
NEW | 504,510 | $100,014,062 | 3.53% | |
| GPN |
Global Payments Inc
Industrials
|
Added | 1,485,000 | $99,940,500 | 3.53% | |
| V |
Visa Inc.
Financial Services
|
Added | 320,000 | $96,716,800 | 3.41% | |
| FAF |
First American Financial Corp
Financial Services
|
Held | 1,500,000 | $90,435,000 | 3.19% | |
| MTB |
M&T Bank Corp
Financial Services
|
Added | 410,000 | $84,755,200 | 2.99% | |
| GS |
Goldman Sachs Group Inc
Financial Services
|
NEW | 92,391 | $78,161,862 | 2.76% | |
| BABA |
Alibaba Group Holding Ltd
Consumer Cyclical
|
Added | 607,561 | $76,224,603 | 2.69% | |
| SFBS |
ServisFirst Bancshares, Inc.
Financial Services
|
Added | 910,376 | $66,302,684 | 2.34% | |
| EQR |
Equity Residential
Real Estate
|
Added | 1,068,000 | $63,172,200 | 2.23% | |
| ACGL |
Arch Capital Group Ltd.
Financial Services
|
Added | 650,000 | $62,393,500 | 2.20% | |
| FSBC |
Five Star Bancorp
Financial Services
|
Held | 1,511,500 | $57,013,780 | 2.01% | |
| CG |
Carlyle Group Inc.
Financial Services
|
Added | 1,131,000 | $54,729,090 | 1.93% | |
| MA |
Mastercard Inc
Financial Services
|
Added | 102,000 | $50,965,320 | 1.80% | |
| TCBK |
Trico Bancshares /
Financial Services
|
Held | 1,046,900 | $49,769,626 | 1.76% | |
| ABCB |
Ameris Bancorp
Financial Services
|
Held | 621,800 | $48,494,182 | 1.71% | |
| RJF |
Raymond James Financial Inc
Financial Services
|
Held | 270,000 | $39,093,300 | 1.38% | |
| USB |
US Bancorp De
Financial Services
|
Added | 715,210 | $37,198,072 | 1.31% | |
| OSBC |
Old Second Bancorp Inc
Financial Services
|
Added | 1,800,000 | $36,288,000 | 1.28% | |
| FBK |
FB Financial Corp
Financial Services
|
Held | 619,236 | $32,163,117 | 1.13% | |
| CCNE |
Cnb Financial Corp/Pa
Financial Services
|
Held | 950,000 | $27,512,000 | 0.97% | |
| WFC |
Wells Fargo & Company/Mn
Financial Services
|
NEW | 337,969 | $26,905,712 | 0.95% | |
| AXP |
American Express Co
Financial Services
|
NEW | 63,000 | $19,056,240 | 0.67% | |
| MKTX |
Marketaxess Holdings Inc
Financial Services
|
NEW | 108,846 | $17,957,413 | 0.63% | |
| STT |
State Street Corp
Financial Services
|
NEW | 116,000 | $14,680,960 | 0.52% | |
| TSBK |
Timberland Bancorp Inc
Financial Services
|
Held | 174,476 | $6,879,588 | 0.24% | |
| XOM |
ExxonMobil Holdings Corp
Energy
|
NEW | 24,166 | $4,100,003 | 0.14% | |
| JNJ |
Johnson & Johnson
Healthcare
|
NEW | 12,500 | $3,055,500 | 0.11% | |
| AMAT |
Applied Materials Inc /De
Technology
|
NEW | 6,626 | $2,264,700 | 0.08% | |
| BLK |
BlackRock, Inc.
Financial Services
|
NEW | 2,100 | $2,019,591 | 0.07% | |
| KO |
Coca Cola Co
Consumer Defensive
|
NEW | 25,000 | $1,901,250 | 0.07% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
NEW | 4,750 | $1,365,910 | 0.05% | |
| MGM |
MGM Resorts International
Consumer Cyclical
|
NEW | 31,458 | $1,164,260 | 0.04% | |
| DE |
Deere & Co
Industrials
|
NEW | 1,943 | $1,094,491 | 0.04% | |
| TRV |
Travelers Companies, Inc.
Financial Services
|
NEW | 3,653 | $1,065,507 | 0.04% | |
| LLY |
ELI LILLY & Co
Healthcare
|
NEW | 637 | $585,893 | 0.02% | |
| MRK |
Merck & Co., Inc.
Healthcare
|
NEW | 4,000 | $481,160 | 0.02% | |
| LIN |
Linde PLC
Basic Materials
|
NEW | 900 | $446,184 | 0.02% | |
| WRB |
Berkley W R Corp
Financial Services
|
NEW | 5,804 | $384,689 | 0.01% | |
| STTK |
Shattuck Labs, Inc.
Healthcare
|
NEW | 48,276 | $310,414 | 0.01% | |
| IBM |
International Business Machines Corp
Technology
|
NEW | 1,274 | $308,804 | 0.01% | |
| UNP |
Union Pacific Corp
Industrials
|
NEW | 1,200 | $291,144 | 0.01% |
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.