Davis Asset Management, L.P.

CIK

1945894

Location

SAUSALITO, CA

Portfolio Value

Mid $3,948,381,391

Diversification

Diversified

Filing Date

Global Rank

#874 / 8,700 ▲ 134

Top Industry

Banks - Regional 24.0%

Period ended 2 months ago

Filed Aug 12, 2026 · 32d

16 quarters · since Sep 2022

Portfolio Concentration

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

Top Position

13.7%

−0.5 pts

Top 5

42.0%

−0.0 pts

Top 10

61.2%

+0.4 pts

HHI

545

Diversified−6

Portfolio Trend

16 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	73.6%	$2,906,308,592	35
Communication Services	16.8%	$663,498,350	5
Technology	3.2%	$125,291,872	9
Industrials	2.8%	$109,715,017	6
Real Estate	1.8%	$72,345,450	1
Consumer Cyclical	1.5%	$59,871,772	3
Healthcare	0.1%	$4,959,144	10
Energy	0.1%	$3,307,229	2
Consumer Defensive	0.1%	$2,201,640	2
Basic Materials	0.0%	$875,490	6
Utilities	0.0%	$6,835	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

8 positions

Ticker	Company	Δ Shares	Shares	Value
MKTX	Marketaxess Holdings Inc	+391,154	500,000	$56,745,000
WAL	Western Alliance Bancorporation	+253,000	3,336,000	$274,219,200
ACN	Accenture plc	+200,000	740,000	$92,085,600
GOOGL	Alphabet Inc.	+48,824	1,053,574	$372,275,461
BRK-B	Berkshire Hathaway Inc	+38,584	354,702	$541,187,244
JPM	Jpmorgan Chase & Co	+25,110	493,896	$161,666,977
MKL	Markel Group Inc.	+21,474	92,105	$179,881,986
META	Meta Platforms, Inc.	+2,000	517,000	$291,220,930
No positions match the current search.

Trimmed

Positions the filer reduced

4 positions

Ticker	Company	Δ Shares	Shares	Value
STT	State Street Corp	−40,000	76,000	$12,889,600
CRBG	Corebridge Financial, Inc.	−4,000	5,800,000	$166,054,000
VMRK	Vivmark Residential	−3,000	1,065,000	$72,345,450
DD	DuPont de Nemours, Inc.	−1,224	611	$82,876
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
INFQ	Infleqtion, Inc.	2,085,798	$27,782,829
DOW	Dow Inc.	1,835	$50,205
SOLV	Solventum Corp	200	$15,430
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
NVDA	Nvidia Corp	45	$7,848
DIS	Walt Disney Co	19	$1,831
TSLA	Tesla, Inc.	3	$1,115
CRWV	CoreWeave, Inc.	3	$232
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

80 tracked positions · $3,948,381,391 total · filing declares 85 positions · $3,948,828,268 · as of Jun 30, 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	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
BRK-B	Berkshire Hathaway Inc Financial Services	Added	354,702	+38,584	$541,187,244	+9.9%	13.71%
GOOGL	Alphabet Inc. Communication Services	Added	1,053,574	+48,824	$372,275,461	+29.2%	9.43%
META	Meta Platforms, Inc. Communication Services	Added	517,000	+2,000	$291,220,930	−1.2%	7.38%
WAL	Western Alliance Bancorporation Financial Services	Added	3,336,000	+253,000	$274,219,200	+25.5%	6.95%
MKL	Markel Group Inc. Financial Services	Added	92,105	+21,474	$179,881,986	+33.1%	4.56%
CB	Chubb Ltd Financial Services	Held	494,556	0	$168,515,011	+4.5%	4.27%
CRBG	Corebridge Financial, Inc. Financial Services	Reduced	5,800,000	-4,000	$166,054,000	+19.9%	4.21%
JPM	Jpmorgan Chase & Co Financial Services	Added	493,896	+25,110	$161,666,977	+17.2%	4.09%
AX	Axos Financial, Inc. Financial Services	Held	1,535,219	0	$149,514,978	+14.5%	3.79%
PGR	Progressive Corp/Oh/ Financial Services	Held	504,510	0	$110,210,209	+10.2%	2.79%
V	Visa Inc. Financial Services	Held	320,000	0	$109,788,800	+13.5%	2.78%
GPN	Global Payments Inc Industrials	Held	1,485,000	0	$107,751,600	+7.8%	2.73%
FAF	First American Financial Corp Financial Services	Held	1,500,000	0	$102,885,000	+13.8%	2.61%
MTB	M&T Bank Corp Financial Services	Held	410,000	0	$97,584,100	+15.1%	2.47%
GS	Goldman Sachs Group Inc Financial Services	Held	92,391	0	$93,441,485	+19.5%	2.37%
ACN	Accenture plc Technology	Added	740,000	+200,000	$92,085,600	−14.0%	2.33%
SFBS	ServisFirst Bancshares, Inc. Financial Services	Held	910,376	0	$78,975,118	+19.1%	2.00%
FSBC	Five Star Bancorp Financial Services	Held	1,511,500	0	$73,594,935	+29.1%	1.86%
VMRK	Vivmark Residential Real Estate	Reduced	1,065,000	-3,000	$72,345,450	+14.5%	1.83%
ACGL	Arch Capital Group Ltd. Financial Services	Held	650,000	0	$63,089,000	+1.1%	1.60%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Held	607,561	0	$58,313,704	−23.5%	1.48%
MKTX	Marketaxess Holdings Inc Financial Services	Added	500,000	+391,154	$56,745,000	+216.0%	1.44%
TCBK	Trico Bancshares / Financial Services	Held	1,046,900	0	$56,375,565	+13.3%	1.43%
ABCB	Ameris Bancorp Financial Services	Held	621,800	0	$56,123,668	+15.7%	1.42%
MA	Mastercard Inc Financial Services	Held	102,000	0	$52,387,200	+2.8%	1.33%
CG	Carlyle Group Inc. Financial Services	Held	1,131,000	0	$47,626,410	−13.0%	1.21%
USB	US Bancorp De Financial Services	Held	715,210	0	$43,198,684	+16.1%	1.09%
OSBC	Old Second Bancorp Inc Financial Services	Held	1,800,000	0	$41,976,000	+15.7%	1.06%
RJF	Raymond James Financial Inc Financial Services	Held	270,000	0	$41,048,100	+5.0%	1.04%
FBK	FB Financial Corp Financial Services	Held	619,236	0	$34,274,712	+6.6%	0.87%
CCNE	Cnb Financial Corp/Pa Financial Services	Held	950,000	0	$32,024,500	+16.4%	0.81%
WFC	Wells Fargo & Company/Mn Financial Services	Held	337,969	0	$27,929,758	+3.8%	0.71%
INFQ	Infleqtion, Inc. Technology	NEW	2,085,798	NEW	$27,782,829	NEW	0.70%
AXP	American Express Co Financial Services	Held	63,000	0	$21,309,750	+11.8%	0.54%
STT	State Street Corp Financial Services	Reduced	76,000	-40,000	$12,889,600	−12.2%	0.33%
TSBK	Timberland Bancorp Inc Financial Services	Held	174,476	0	$7,818,269	+13.6%	0.20%
AMAT	Applied Materials Inc /De Technology	Held	6,626	0	$4,790,598	+111.5%	0.12%
XOM	ExxonMobil Holdings Corp Energy	Held	24,166	0	$3,303,975	−19.4%	0.08%
JNJ	Johnson & Johnson Healthcare	Held	12,500	0	$3,174,625	+3.9%	0.08%
KO	Coca Cola Co Consumer Defensive	Held	25,000	0	$2,031,750	+6.9%	0.05%
BLK	BlackRock, Inc. Financial Services	Held	2,100	0	$2,019,276	−0.0%	0.05%
MGM	MGM Resorts International Consumer Cyclical	Held	31,458	0	$1,504,006	+29.2%	0.04%
DE	Deere & Co Industrials	Held	1,943	0	$1,232,503	+12.6%	0.03%
TRV	Travelers Companies, Inc. Financial Services	Held	3,653	0	$1,205,928	+13.2%	0.03%
LLY	ELI LILLY & Co Healthcare	Held	637	0	$764,036	+30.4%	0.02%
MRK	Merck & Co., Inc. Healthcare	Held	4,000	0	$514,000	+6.8%	0.01%
LIN	Linde PLC Basic Materials	Held	900	0	$467,046	+4.7%	0.01%
WRB	Berkley W R Corp Financial Services	Held	5,804	0	$409,356	+6.4%	0.01%
IBM	International Business Machines Corp Technology	Held	1,274	0	$358,261	+16.0%	0.01%
STTK	Shattuck Labs, Inc. Healthcare	Held	48,276	0	$335,035	+7.9%	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.