13F HOLDINGS REPORT
Davis Selected Advisers
Quarter ended Q3 2025 · Filed November 12, 2025 · Accession 0001036325-25-000045
Total Value
$19.15B
Positions
107
Other Managers
0
Confidential Omitted
No
Holdings (107)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Capital One Financial Corp. | 14040H105 | 8,380,117 | $1.78B | 9.30% |
| 2 | Meta Platforms, Inc., Class A | META | 1,715,514 | $1.26B | 6.58% |
| 3 | Applied Materials, Inc. | 038222105 | 5,553,992 | $1.14B | 5.94% |
| 4 | U.S. Bancorp | USB-PS | 19,431,562 | $939.1M | 4.90% |
| 5 | CVS Health Corporation | CVS | 11,403,641 | $859.7M | 4.49% |
| 6 | MGM Resorts International | MGM | 23,953,452 | $830.2M | 4.33% |
| 7 | Berkshire Hathaway Inc., Class A | BRK-A | 998 | $752.7M | 3.93% |
| 8 | Markel Group, Inc | MKL | 373,528 | $713.9M | 3.73% |
| 9 | Amazon.com, Inc. | AMZN | 3,137,986 | $689.0M | 3.60% |
| 10 | Viatris Inc. | VTRS | 69,345,645 | $686.5M | 3.58% |
| 11 | Alphabet Inc., Class A | GOOG | 2,770,594 | $673.5M | 3.52% |
| 12 | Wells Fargo & Co. | 949746101 | 7,786,052 | $652.6M | 3.41% |
| 13 | Tyson Foods Inc | TSN | 9,962,127 | $540.9M | 2.82% |
| 14 | Teck Resources Ltd., Class B | TCKRF | 11,023,662 | $483.8M | 2.53% |
| 15 | Coterra Energy, Inc. | CTRA | 19,883,481 | $470.2M | 2.46% |
| 16 | Texas Instruments, Inc. | 882508104 | 2,317,408 | $425.8M | 2.22% |
| 17 | Solventum Corp. | SOLV | 5,517,611 | $402.8M | 2.10% |
| 18 | UnitedHealth Group Inc. | UNH | 1,139,303 | $393.4M | 2.05% |
| 19 | Trip.com Group Ltd., ADR | TRPCF | 4,941,445 | $371.6M | 1.94% |
| 20 | Chubb Ltd. | CB | 1,070,445 | $302.1M | 1.58% |
| 21 | Berkshire Hathaway Inc., Class B | BRK-A | 533,948 | $268.4M | 1.40% |
| 22 | Quest Diagnostics Inc. | DGX | 1,361,612 | $259.5M | 1.35% |
| 23 | Pinterest, Inc., Class A | PINS | 7,892,057 | $253.9M | 1.33% |
| 24 | Owens Corning | OC | 1,777,367 | $251.4M | 1.31% |
| 25 | Restaurant Brands International, Inc. | 76131D103 | 3,542,388 | $227.2M | 1.19% |
| 26 | Full Truck Alliance Co. Ltd., ADR | YMM | 14,981,773 | $194.3M | 1.01% |
| 27 | AGCO Corporation | AGCO | 1,812,922 | $194.1M | 1.01% |
| 28 | Cigna Group | 125523100 | 656,318 | $189.2M | 0.99% |
| 29 | JPMorgan Chase & Co. | VYLD | 595,626 | $187.9M | 0.98% |
| 30 | Davis Select U.S. Equity ETF | 23908L207 | 3,383,338 | $162.1M | 0.85% |
| 31 | AppLovin Corp., Class A | APP | 223,574 | $160.6M | 0.84% |
| 32 | Alphabet Inc., Class C | GOOG | 646,051 | $157.3M | 0.82% |
| 33 | ConocoPhillips | COP | 1,599,311 | $151.3M | 0.79% |
| 34 | Fifth Third Bancorp | FITBM | 2,668,869 | $118.9M | 0.62% |
| 35 | Bank of New York Mellon Corp. | 064058100 | 1,010,681 | $110.1M | 0.57% |
| 36 | Davis Select International ETF | 23908L405 | 3,890,080 | $108.8M | 0.57% |
| 37 | PNC Financial Services Group, Inc. | 693475105 | 501,817 | $100.8M | 0.53% |
| 38 | Humana Inc. | HUM | 385,539 | $100.3M | 0.52% |
| 39 | Davis Select Financial ETF | 23908L108 | 2,129,860 | $96.3M | 0.50% |
| 40 | NetEase Inc. - ADR | NETTF | 594,740 | $90.4M | 0.47% |
| 41 | Davis Select Worldwide ETF | 23908L306 | 1,916,287 | $86.7M | 0.45% |
| 42 | American Express Co. | AXP | 247,940 | $82.4M | 0.43% |
| 43 | Sea Ltd., Class A, ADR | SE | 440,594 | $78.7M | 0.41% |
| 44 | IAC Inc. | IAC | 2,243,689 | $76.4M | 0.40% |
| 45 | Darling Ingredients Inc. | DAR | 2,453,940 | $75.8M | 0.40% |
| 46 | Wesco International, Inc. | 95082P105 | 292,570 | $61.9M | 0.32% |
| 47 | Rocket Companies, Inc., Class A | 77311W101 | 3,134,234 | $60.7M | 0.32% |
| 48 | Loews Corp. | L | 595,697 | $59.8M | 0.31% |
| 49 | Bank of America Corp. | 060505104 | 1,150,589 | $59.4M | 0.31% |
| 50 | Chime Financial, Inc. | 16935C109 | 2,399,166 | $48.4M | 0.25% |
| 51 | Bank of N.T. Butterfield & Son Limited | G0772R208 | 1,058,793 | $45.4M | 0.24% |
| 52 | RenaissanceRe Holdings Ltd | RNR-PG | 143,145 | $36.3M | 0.19% |
| 53 | KE Holdings Inc., Class A, ADR | BEKE | 1,851,804 | $35.2M | 0.18% |
| 54 | Vale S.A., ADR | VALE | 2,931,198 | $31.8M | 0.17% |
| 55 | Charles Schwab Corp. | SCHW-PJ | 296,441 | $28.3M | 0.15% |
| 56 | Microsoft Corp. | MSFT | 52,306 | $27.1M | 0.14% |
| 57 | Prologis, Inc. | PLDGP | 198,166 | $22.7M | 0.12% |
| 58 | Johnson Controls International plc | G51502105 | 186,004 | $20.5M | 0.11% |
| 59 | Oracle Corporation | ORCL-PD | 67,052 | $18.9M | 0.10% |
| 60 | BXP, Inc. | BXP | 239,760 | $17.8M | 0.09% |
| 61 | Equinix, Inc. | EQIX | 21,803 | $17.1M | 0.09% |
| 62 | NVIDIA Corp. | NVDA | 89,795 | $16.8M | 0.09% |
| 63 | Rexford Industrial Realty, Inc. | 76169C100 | 395,150 | $16.2M | 0.08% |
| 64 | Brixmor Property Group, Inc. | 11120U105 | 570,000 | $15.8M | 0.08% |
| 65 | ANGI Inc., Class A | ANGI | 949,006 | $15.4M | 0.08% |
| 66 | Alexandria Real Estate Equities, Inc. | 015271109 | 180,157 | $15.0M | 0.08% |
| 67 | Cousins Properties, Inc. | 222795502 | 512,355 | $14.8M | 0.08% |
| 68 | Simon Property Group, Inc. | 828806109 | 76,733 | $14.4M | 0.08% |
| 69 | Digital Realty Trust, Inc. | 253868103 | 81,280 | $14.1M | 0.07% |
| 70 | Everest Group, Ltd. | EG | 39,428 | $13.8M | 0.07% |
| 71 | Public Storage, Inc. | PSA-PS | 44,610 | $12.9M | 0.07% |
| 72 | AvalonBay Communities, Inc. | AWX | 66,580 | $12.9M | 0.07% |
| 73 | American Tower Corp | 03027X100 | 65,670 | $12.6M | 0.07% |
| 74 | SAP SE - ADR | SAPGF | 46,787 | $12.5M | 0.07% |
| 75 | Sunstone Hotel Investors, Inc. | 867892101 | 1,311,800 | $12.3M | 0.06% |
| 76 | State Street Corp. | STT-PG | 103,785 | $12.0M | 0.06% |
| 77 | JD.com Inc., Class A, ADR | JDCMF | 341,711 | $12.0M | 0.06% |
| 78 | Noah Holdings Ltd., Class A, ADS | NOAH | 1,021,585 | $11.8M | 0.06% |
| 79 | Regency Centers Corporation | 758849103 | 140,110 | $10.2M | 0.05% |
| 80 | M & T Bank Corp | 55261F104 | 51,027 | $10.1M | 0.05% |
| 81 | Camden Property Trust | 133131102 | 89,120 | $9.5M | 0.05% |
| 82 | American Homes 4 Rent - Class A | AMH-PG | 285,600 | $9.5M | 0.05% |
| 83 | Eastgroup Properties, Inc. | 277276101 | 52,940 | $9.0M | 0.05% |
| 84 | COPT Defense Properties | CDP | 302,120 | $8.8M | 0.05% |
| 85 | Healthpeak Properties, Inc. | DOC | 446,866 | $8.6M | 0.04% |
| 86 | Mid-America Apartment Communities, Inc. | 59522J103 | 60,860 | $8.5M | 0.04% |
| 87 | Ventas, Inc. | VTR | 117,330 | $8.2M | 0.04% |
| 88 | Extra Space Storage, Inc. | EXR | 55,055 | $7.8M | 0.04% |
| 89 | VICI Properties, Inc. | 925652109 | 221,610 | $7.2M | 0.04% |
| 90 | Truist Financial Corp. | 89832Q109 | 156,437 | $7.2M | 0.04% |
| 91 | Equity Residential | EQR | 107,215 | $6.9M | 0.04% |
| 92 | UDR, Inc. | UDR | 186,190 | $6.9M | 0.04% |
| 93 | Terreno Realty Corp. | 88146M101 | 120,907 | $6.9M | 0.04% |
| 94 | Hudson Pacific Properties Inc. | 444097109 | 2,300,183 | $6.3M | 0.03% |
| 95 | NetSTREIT Corp. | NTST | 342,410 | $6.2M | 0.03% |
| 96 | Realty Income Corp. | O | 93,580 | $5.7M | 0.03% |
| 97 | Sun Communities, Inc. | 866674104 | 43,950 | $5.7M | 0.03% |
| 98 | Community Healthcare Trust, Inc. | CHCT | 333,190 | $5.1M | 0.03% |
| 99 | Douglas Emmett, Inc | DEI | 317,600 | $4.9M | 0.03% |
| 100 | Essex Property Trust, Inc. | 297178105 | 16,951 | $4.5M | 0.02% |
| 101 | Synopsys, Inc. | SNPS | 8,655 | $4.3M | 0.02% |
| 102 | Crown Castle, Inc. | CCI | 43,240 | $4.2M | 0.02% |
| 103 | Taiwan Semiconductor Manufacturing, ADR | 874039100 | 7,200 | $2.0M | 0.01% |
| 104 | Lam Research Corp. | LRCX | 12,280 | $1.6M | 0.01% |
| 105 | iShares S&P 500 Value Index Fund | 464287408 | 6,614 | $1.4M | 0.01% |
| 106 | Crown Holdings, Inc. | CCK | 8,570 | $827,776 | 0.00% |
| 107 | RH | RH | 2,240 | $455,078 | 0.00% |