13F HOLDINGS REPORT
Davis Asset Management, L.P.
Quarter ended Q3 2025 · Filed November 14, 2025 · Accession 0001104659-25-112161
Total Value
$2.81B
Positions
31
Other Managers
0
Confidential Omitted
No
Holdings (31)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Meta Platforms Inc | META | 500,000 | $367.2M | 13.07% |
| 2 | Alphabet Inc | GOOG | 1,000,000 | $243.6M | 8.67% |
| 3 | Western Alliance Bancorp | WAL-PA | 2,500,000 | $216.8M | 7.72% |
| 4 | State Str Corp | STT-PG | 1,200,000 | $139.2M | 4.96% |
| 5 | Chubb Limited | CB | 450,000 | $127.0M | 4.52% |
| 6 | AXOS Financial Inc | AX | 1,457,219 | $123.4M | 4.39% |
| 7 | Webster Finl Corp | 947890109 | 2,000,000 | $118.9M | 4.23% |
| 8 | Global Pmts Inc. | 37940X102 | 1,400,000 | $116.3M | 4.14% |
| 9 | Corebridge Finl Inc | 21871X109 | 3,500,000 | $112.2M | 3.99% |
| 10 | Visa Inc | V | 300,000 | $102.4M | 3.65% |
| 11 | Markel Group Inc | MKL | 50,000 | $95.6M | 3.40% |
| 12 | Berkshire Hathaway Inc Del | BRK-A | 120 | $90.5M | 3.22% |
| 13 | Berkshire Hathaway Inc Del | BRK-A | 180,000 | $90.5M | 3.22% |
| 14 | Alibaba Group Hdlg Ltd | BBAAY | 500,000 | $89.4M | 3.18% |
| 15 | First Amern Finl Corp | 31847R102 | 1,100,000 | $70.7M | 2.52% |
| 16 | M & T Bk Corp | 55261F104 | 325,000 | $64.2M | 2.29% |
| 17 | Carlyle Group Inc. | CGABL | 1,000,000 | $62.7M | 2.23% |
| 18 | Accenture PLC Ireland | ACN | 250,000 | $61.6M | 2.19% |
| 19 | Servisfirst Bancshares Inc | SFBS | 763,562 | $61.5M | 2.19% |
| 20 | Equity Residential | EQR | 800,000 | $51.8M | 1.84% |
| 21 | Arch Cap Group LTD | G0450A105 | 550,000 | $49.9M | 1.78% |
| 22 | Five Star Bancorp | FSBC | 1,511,500 | $48.7M | 1.73% |
| 23 | Mastercard Incorporated | MA | 85,000 | $48.3M | 1.72% |
| 24 | Raymond James Finl Inc | 754730109 | 270,000 | $46.6M | 1.66% |
| 25 | TriCo Bancshares | TCBK | 1,046,900 | $46.5M | 1.66% |
| 26 | Ameris Bancorp | ABCB | 621,800 | $45.6M | 1.62% |
| 27 | FB Finl Corp | 30257X104 | 619,236 | $34.5M | 1.23% |
| 28 | US Bancorp Del | USB-PS | 600,000 | $29.0M | 1.03% |
| 29 | Old Second Bancorp Inc Ill | OSBC | 1,500,000 | $25.9M | 0.92% |
| 30 | CNB Finl Corp PA | 126128107 | 950,000 | $23.0M | 0.82% |
| 31 | Timberland Bancorp Inc | TSBK | 174,476 | $5.8M | 0.21% |