13F HOLDINGS REPORT
Davis Selected Advisers
Quarter ended Q4 2025 · Filed February 2, 2026 · Accession 0001036325-26-000004
Total Value
$22.25B
Positions
108
Other Managers
0
Confidential Omitted
No
Holdings (108)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Capital One Financial Corp. | 14040H105 | 8,614,766 | $2.09B | 9.38% |
| 2 | U.S. Bancorp | USB-PS | 22,041,759 | $1.18B | 5.29% |
| 3 | Meta Platforms, Inc., Class A | META | 1,752,974 | $1.16B | 5.20% |
| 4 | Applied Materials, Inc. | 038222105 | 4,201,298 | $1.08B | 4.85% |
| 5 | CVS Health Corporation | CVS | 12,760,511 | $1.01B | 4.55% |
| 6 | MGM Resorts International | MGM | 26,820,202 | $978.7M | 4.40% |
| 7 | Alphabet Inc., Class A | GOOG | 3,118,760 | $976.2M | 4.39% |
| 8 | Viatris Inc. | VTRS | 78,177,984 | $973.3M | 4.37% |
| 9 | Markel Group, Inc | MKL | 415,160 | $892.5M | 4.01% |
| 10 | Coterra Energy, Inc. | CTRA | 32,537,508 | $856.4M | 3.85% |
| 11 | Amazon.com, Inc. | AMZN | 3,429,262 | $791.5M | 3.56% |
| 12 | Wells Fargo & Co. | 949746101 | 8,258,031 | $769.6M | 3.46% |
| 13 | Tyson Foods Inc | TSN | 12,827,540 | $752.0M | 3.38% |
| 14 | Berkshire Hathaway Inc., Class A | BRK-A | 943 | $711.8M | 3.20% |
| 15 | Teck Resources Ltd., Class B | TCKRF | 12,019,609 | $575.6M | 2.59% |
| 16 | Texas Instruments, Inc. | 882508104 | 2,853,227 | $495.0M | 2.22% |
| 17 | Solventum Corp. | SOLV | 6,220,072 | $492.9M | 2.22% |
| 18 | UnitedHealth Group Inc. | UNH | 1,273,400 | $420.4M | 1.89% |
| 19 | Berkshire Hathaway Inc., Class B | BRK-A | 739,875 | $371.9M | 1.67% |
| 20 | Chubb Ltd. | CB | 1,186,647 | $370.4M | 1.66% |
| 21 | Trip.com Group Ltd., ADR | TRPCF | 5,053,389 | $363.4M | 1.63% |
| 22 | Pinterest, Inc., Class A | PINS | 11,801,983 | $305.6M | 1.37% |
| 23 | Quest Diagnostics Inc. | DGX | 1,589,883 | $275.9M | 1.24% |
| 24 | Restaurant Brands International, Inc. | 76131D103 | 4,020,791 | $274.3M | 1.23% |
| 25 | Owens Corning | OC | 2,046,583 | $229.0M | 1.03% |
| 26 | Alphabet Inc., Class C | GOOG | 710,963 | $223.1M | 1.00% |
| 27 | AGCO Corporation | AGCO | 2,048,835 | $213.7M | 0.96% |
| 28 | Cigna Group | 125523100 | 752,852 | $207.2M | 0.93% |
| 29 | Full Truck Alliance Co. Ltd., ADR | YMM | 17,537,524 | $188.2M | 0.85% |
| 30 | JPMorgan Chase & Co. | VYLD | 571,586 | $184.2M | 0.83% |
| 31 | Davis Select U.S. Equity ETF | 23908L207 | 3,384,566 | $173.1M | 0.78% |
| 32 | JBS N.V., Class A | JBS | 11,854,741 | $170.9M | 0.77% |
| 33 | ConocoPhillips | COP | 1,797,887 | $168.3M | 0.76% |
| 34 | AppLovin Corp., Class A | APP | 247,981 | $167.1M | 0.75% |
| 35 | Fifth Third Bancorp | FITBM | 2,744,310 | $128.5M | 0.58% |
| 36 | Davis Select International ETF | 23908L405 | 3,892,451 | $110.9M | 0.50% |
| 37 | PNC Financial Services Group, Inc. | 693475105 | 530,089 | $110.6M | 0.50% |
| 38 | Davis Select Financial ETF | 23908L108 | 2,130,361 | $103.0M | 0.46% |
| 39 | Darling Ingredients Inc. | DAR | 2,842,306 | $102.3M | 0.46% |
| 40 | IAC Inc. | IAC | 2,514,072 | $98.3M | 0.44% |
| 41 | Davis Select Worldwide ETF | 23908L306 | 1,917,460 | $89.4M | 0.40% |
| 42 | American Express Co. | AXP | 241,700 | $89.4M | 0.40% |
| 43 | Wesco International, Inc. | 95082P105 | 364,502 | $89.2M | 0.40% |
| 44 | RenaissanceRe Holdings Ltd | RNR-PG | 229,739 | $64.6M | 0.29% |
| 45 | Bank of America Corp. | 060505104 | 1,149,873 | $63.2M | 0.28% |
| 46 | Loews Corp. | L | 600,046 | $63.2M | 0.28% |
| 47 | Rocket Companies, Inc., Class A | 77311W101 | 3,227,910 | $62.5M | 0.28% |
| 48 | Chime Financial, Inc. | 16935C109 | 2,472,106 | $62.2M | 0.28% |
| 49 | Bank of New York Mellon Corp. | 064058100 | 521,722 | $60.6M | 0.27% |
| 50 | NetEase Inc. - ADR | NETTF | 426,164 | $58.6M | 0.26% |
| 51 | Sea Ltd., Class A, ADR | SE | 436,534 | $55.7M | 0.25% |
| 52 | Bank of N.T. Butterfield & Son Limited | G0772R208 | 1,053,710 | $52.5M | 0.24% |
| 53 | Everest Group, Ltd. | EG | 118,017 | $40.0M | 0.18% |
| 54 | Fiserv, Inc. | FISV | 568,982 | $38.2M | 0.17% |
| 55 | Vale S.A., ADR | VALE | 2,931,198 | $38.2M | 0.17% |
| 56 | Charles Schwab Corp. | SCHW-PJ | 301,695 | $30.1M | 0.14% |
| 57 | Microsoft Corp. | MSFT | 60,801 | $29.4M | 0.13% |
| 58 | KE Holdings Inc., Class A, ADR | BEKE | 1,851,804 | $29.2M | 0.13% |
| 59 | iShares S&P 500 Value Index Fund | 464287408 | 127,053 | $26.9M | 0.12% |
| 60 | Johnson Controls International plc | G51502105 | 209,960 | $25.1M | 0.11% |
| 61 | Prologis, Inc. | PLDGP | 180,126 | $23.0M | 0.10% |
| 62 | NVIDIA Corp. | NVDA | 111,038 | $20.7M | 0.09% |
| 63 | State Street Corp. | STT-PG | 143,773 | $18.5M | 0.08% |
| 64 | Equinix, Inc. | EQIX | 20,773 | $15.9M | 0.07% |
| 65 | BXP, Inc. | BXP | 233,910 | $15.8M | 0.07% |
| 66 | Oracle Corporation | ORCL-PD | 79,416 | $15.5M | 0.07% |
| 67 | Brixmor Property Group, Inc. | 11120U105 | 555,970 | $14.6M | 0.07% |
| 68 | AvalonBay Communities, Inc. | AWX | 78,840 | $14.3M | 0.06% |
| 69 | SAP SE - ADR | SAPGF | 56,347 | $13.7M | 0.06% |
| 70 | Rexford Industrial Realty, Inc. | 76169C100 | 344,830 | $13.4M | 0.06% |
| 71 | Cousins Properties, Inc. | 222795502 | 499,615 | $12.9M | 0.06% |
| 72 | ANGI Inc., Class A | ANGI | 948,993 | $12.3M | 0.06% |
| 73 | Digital Realty Trust, Inc. | 253868103 | 79,250 | $12.3M | 0.06% |
| 74 | Simon Property Group, Inc. | 828806109 | 66,183 | $12.3M | 0.06% |
| 75 | Sunstone Hotel Investors, Inc. | 867892101 | 1,279,610 | $11.4M | 0.05% |
| 76 | Public Storage, Inc. | PSA-PS | 43,520 | $11.3M | 0.05% |
| 77 | M & T Bank Corp | 55261F104 | 55,846 | $11.3M | 0.05% |
| 78 | American Tower Corp | 03027X100 | 63,970 | $11.2M | 0.05% |
| 79 | Noah Holdings Ltd., Class A, ADS | NOAH | 1,021,585 | $10.3M | 0.05% |
| 80 | Camden Property Trust | 133131102 | 86,930 | $9.6M | 0.04% |
| 81 | Truist Financial Corp. | 89832Q109 | 192,053 | $9.5M | 0.04% |
| 82 | JD.com Inc., Class A, ADR | JDCMF | 329,221 | $9.4M | 0.04% |
| 83 | Regency Centers Corporation | 758849103 | 136,650 | $9.4M | 0.04% |
| 84 | Eastgroup Properties, Inc. | 277276101 | 51,630 | $9.2M | 0.04% |
| 85 | American Homes 4 Rent - Class A | AMH-PG | 278,610 | $8.9M | 0.04% |
| 86 | Ventas, Inc. | VTR | 114,410 | $8.9M | 0.04% |
| 87 | Alexandria Real Estate Equities, Inc. | 015271109 | 178,127 | $8.7M | 0.04% |
| 88 | Mid-America Apartment Communities, Inc. | 59522J103 | 59,380 | $8.2M | 0.04% |
| 89 | COPT Defense Properties | CDP | 294,740 | $8.2M | 0.04% |
| 90 | Healthpeak Properties, Inc. | DOC | 435,936 | $7.0M | 0.03% |
| 91 | Terreno Realty Corp. | 88146M101 | 117,937 | $6.9M | 0.03% |
| 92 | Equity Residential | EQR | 104,515 | $6.6M | 0.03% |
| 93 | VICI Properties, Inc. | 925652109 | 216,240 | $6.1M | 0.03% |
| 94 | Community Healthcare Trust, Inc. | CHCT | 325,560 | $5.3M | 0.02% |
| 95 | Sun Communities, Inc. | 866674104 | 42,840 | $5.3M | 0.02% |
| 96 | Realty Income Corp. | O | 91,390 | $5.2M | 0.02% |
| 97 | Essex Property Trust, Inc. | 297178105 | 16,511 | $4.3M | 0.02% |
| 98 | UDR, Inc. | UDR | 113,280 | $4.2M | 0.02% |
| 99 | Synopsys, Inc. | SNPS | 8,655 | $4.1M | 0.02% |
| 100 | Crown Castle, Inc. | CCI | 42,160 | $3.7M | 0.02% |
| 101 | Extra Space Storage, Inc. | EXR | 27,955 | $3.6M | 0.02% |
| 102 | Hudson Pacific Properties, Inc. | 444097406 | 324,026 | $3.5M | 0.02% |
| 103 | Douglas Emmett, Inc | DEI | 309,810 | $3.4M | 0.02% |
| 104 | NetSTREIT Corp. | NTST | 189,600 | $3.3M | 0.02% |
| 105 | CubeSmart | CUBE | 90,930 | $3.3M | 0.01% |
| 106 | Taiwan Semiconductor Manufacturing, ADR | 874039100 | 7,200 | $2.2M | 0.01% |
| 107 | Lam Research Corp. | LRCX | 12,280 | $2.1M | 0.01% |
| 108 | Crown Holdings, Inc. | CCK | 8,570 | $882,453 | 0.00% |