# Davis Selected Advisers: Form 13F holdings

An institutional investment manager in Tucson, AZ. SEC CIK 1036325.

- Quarter ended: 2026-06-30
- Filed: 2026-08-11
- Reported value: $23.29bn
- Positions: 112 (112 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1036325/000103632526000020/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [Capital One Financial Corp. (COF)](/companies/cof.md) | Common Stock | $1.66bn | 7.1% | 8,270,946 |  | Reduced −268,790 |
| [U.S. Bancorp (USB)](/companies/usb.md) | Common Stock | $1.30bn | 5.6% | 21,453,510 |  | Reduced −784,450 |
| [CVS Health Corporation (CVS)](/companies/cvs.md) | Common Stock | $1.23bn | 5.3% | 11,865,916 |  | Reduced −373,750 |
| [Viatris Inc. (VTRS)](/companies/vtrs.md) | Common Stock | $1.19bn | 5.1% | 75,232,254 |  | Reduced −2,978,937 |
| [MGM Resorts International (MGM)](/companies/mgm.md) | Common Stock | $1.14bn | 4.9% | 23,903,317 |  | Reduced −392,021 |
| [Alphabet Inc., Class A (GOOGL)](/companies/googl.md) | Common Stock | $1.05bn | 4.5% | 2,937,160 |  | Reduced −157,499 |
| [Devon Energy Corp. (DVN)](/companies/dvn.md) | Common Stock | $1.05bn | 4.5% | 25,297,991 |  | New +25,297,991 |
| [Amazon.com, Inc. (AMZN)](/companies/amzn.md) | Common Stock | $1.02bn | 4.4% | 4,276,176 |  | Added +850,924 |
| [Meta Platforms, Inc., Class A (META)](/companies/meta.md) | Common Stock | $928.7m | 4.0% | 1,648,172 |  | Reduced −70,984 |
| [Markel Group, Inc (MKL)](/companies/mkl.md) | Common Stock | $794.4m | 3.4% | 406,759 |  | Added +23,326 |
| [Texas Instruments, Inc. (TXN)](/companies/txn.md) | Common Stock | $726.5m | 3.1% | 2,437,486 |  | Reduced −412,185 |
| [Tyson Foods Inc (TSN)](/companies/tsn.md) | Common Stock | $724.5m | 3.1% | 12,653,717 |  | Reduced −436,972 |
| [Wells Fargo & Co. (WFC)](/companies/wfc.md) | Common Stock | $661.9m | 2.8% | 8,008,728 |  | Reduced −182,143 |
| [Berkshire Hathaway Inc., Class A (BRK-B)](/companies/brk-b.md) | Common Stock | $650.0m | 2.8% | 868 |  | Reduced −55 |
| [Cigna Group (CI)](/companies/ci.md) | Common Stock | $621.2m | 2.7% | 2,253,424 |  | Added +19,495 |
| JBS N.V., Class A | Common Stock | $592.7m | 2.5% | 50,016,236 |  | Added +23,771,576 |
| [UnitedHealth Group Inc. (UNH)](/companies/unh.md) | Common Stock | $529.8m | 2.3% | 1,274,650 |  | Added +27,174 |
| [Teck Resources Ltd., Class B (TECK)](/companies/teck.md) | Common Stock | $497.3m | 2.1% | 8,363,497 |  | Reduced −2,221,166 |
| [Solventum Corp. (SOLV)](/companies/solv.md) | Common Stock | $486.7m | 2.1% | 6,307,729 |  | Reduced −22,596 |
| LyondellBasell Industries N.V. | Common Stock | $458.0m | 2.0% | 8,698,852 |  | Added +3,102,264 |
| Chubb Ltd. | Common Stock | $391.2m | 1.7% | 1,148,090 |  | Reduced −47,301 |
| [Berkshire Hathaway Inc., Class B (BRK-B)](/companies/brk-b.md) | Common Stock | $369.5m | 1.6% | 738,433 |  | Reduced −11,413 |
| [Trip.com Group Ltd., ADR (TCOM)](/companies/tcom.md) | ADR | $349.1m | 1.5% | 8,761,371 |  | Added +2,206,259 |
| [Owens Corning (OC)](/companies/oc.md) | Common Stock | $330.7m | 1.4% | 2,081,213 |  | Reduced −19,722 |
| [Quest Diagnostics Inc. (DGX)](/companies/dgx.md) | Common Stock | $329.8m | 1.4% | 1,555,612 |  | Reduced −62,201 |
| [Pinterest, Inc., Class A (PINS)](/companies/pins.md) | Common Stock | $264.5m | 1.1% | 12,574,721 |  | Added +174,620 |
| [AGCO Corporation (AGCO)](/companies/agco.md) | Common Stock | $246.4m | 1.1% | 2,058,488 |  | Reduced −28,155 |
| [Full Truck Alliance Co. Ltd., ADR (YMM)](/companies/ymm.md) | ADR | $224.4m | 1.0% | 27,639,082 |  | Reduced −1,124,109 |
| [Restaurant Brands International, Inc. (QSR)](/companies/qsr.md) | Common Stock | $203.0m | 0.9% | 2,800,345 |  | Reduced −798,782 |
| [Alphabet Inc., Class C (GOOGL)](/companies/googl.md) | Common Stock | $199.4m | 0.9% | 564,274 |  | Reduced −113,333 |
| [ConocoPhillips (COP)](/companies/cop.md) | Common Stock | $195.2m | 0.8% | 1,877,583 |  | Added +2,155 |
| [Sea Ltd., Class A, ADR (SE)](/companies/se.md) | ADR | $192.8m | 0.8% | 2,011,812 |  | Added +161,981 |
| Davis Select U.S. Equity ETF | ETF | $191.1m | 0.8% | 3,400,745 |  | Unchanged |
| [AppLovin Corp., Class A (APP)](/companies/app.md) | Common Stock | $162.7m | 0.7% | 315,539 |  | Reduced −20,271 |
| [JPMorgan Chase & Co. (JPM)](/companies/jpm.md) | Common Stock | $155.9m | 0.7% | 476,389 |  | Reduced −80,063 |
| [Fifth Third Bancorp (FITB)](/companies/fitb.md) | Common Stock | $151.3m | 0.6% | 2,684,183 |  | Reduced −129,342 |
| [Wesco International, Inc. (WCC)](/companies/wcc.md) | Common Stock | $125.5m | 0.5% | 363,915 |  | Reduced −17,092 |
| [PNC Financial Services Group, Inc. (PNC)](/companies/pnc.md) | Common Stock | $122.1m | 0.5% | 496,066 |  | Reduced −45,856 |
| Davis Select International ETF | ETF | $111.6m | 0.5% | 3,915,748 |  | Unchanged |
| [People Inc. (PPLI)](/companies/ppli.md) | Common Stock | $110.5m | 0.5% | 2,394,024 |  | Reduced −19,223 |
| Davis Select Financial ETF | ETF | $105.2m | 0.5% | 2,130,666 |  | Unchanged |
| Davis Select Worldwide ETF | ETF | $89.5m | 0.4% | 1,935,585 |  | Unchanged |
| [NetEase Inc. - ADR (NTES)](/companies/ntes.md) | ADR | $78.5m | 0.3% | 612,955 |  | Added +190,243 |
| RenaissanceRe Holdings Ltd | Common Stock | $74.3m | 0.3% | 234,528 |  | Reduced −22,662 |
| [Applied Materials, Inc. (AMAT)](/companies/amat.md) | Common Stock | $74.1m | 0.3% | 102,521 |  | Reduced −1,094,581 |
| [American Express Co. (AXP)](/companies/axp.md) | Common Stock | $71.0m | 0.3% | 209,821 |  | Reduced −23,305 |
| [Rocket Companies, Inc., Class A (RKT)](/companies/rkt.md) | Common Stock | $70.3m | 0.3% | 4,463,148 |  | Reduced −360,422 |
| [Loews Corp. (L)](/companies/l.md) | Common Stock | $61.7m | 0.3% | 545,211 |  | Reduced −68,886 |
| Bank of N.T. Butterfield & Son Limited | Common Stock | $60.2m | 0.3% | 1,012,140 |  | Reduced −60,989 |
| [Bank of America Corp. (BAC)](/companies/bac.md) | Common Stock | $56.6m | 0.2% | 992,776 |  | Reduced −166,428 |
| [Bank of New York Mellon Corp. (BNY)](/companies/bny.md) | Common Stock | $53.0m | 0.2% | 366,448 |  | Reduced −158,780 |
| [Chime Financial, Inc. (CHYM)](/companies/chym.md) | Common Stock | $47.8m | 0.2% | 2,331,776 |  | Reduced −207,430 |
| Everest Group, Ltd. | Common Stock | $45.2m | 0.2% | 126,423 |  | Reduced −14,485 |
| [Vale S.A., ADR (VALE)](/companies/vale.md) | ADR | $44.1m | 0.2% | 2,929,850 |  | Reduced −1,348 |
| [Microsoft Corp. (MSFT)](/companies/msft.md) | Common Stock | $34.7m | 0.1% | 92,973 |  | Added +14,484 |
| [NVIDIA Corp. (NVDA)](/companies/nvda.md) | Common Stock | $31.0m | 0.1% | 154,727 |  | Added +41,171 |
| [KE Holdings Inc., Class A, ADR (BEKE)](/companies/beke.md) | ADR | $26.9m | 0.1% | 1,850,782 |  | Reduced −1,022 |
| [Charles Schwab Corp. (SCHW)](/companies/schw.md) | Common Stock | $26.7m | 0.1% | 289,871 |  | Reduced −21,111 |
| [Fiserv, Inc. (FISV)](/companies/fisv.md) | Common Stock | $26.5m | 0.1% | 539,839 |  | Reduced −49,046 |
| [State Street Corp. (STT)](/companies/stt.md) | Common Stock | $25.1m | 0.1% | 147,966 |  | Reduced −4,234 |
| [Prologis, Inc. (PLD)](/companies/pld.md) | Common Stock | $24.2m | 0.1% | 178,556 |  | Reduced −4,030 |
| Johnson Controls International plc | Common Stock | $20.7m | <0.1% | 141,422 |  | Reduced −52,458 |
| [Equinix, Inc. (EQIX)](/companies/eqix.md) | Common Stock | $20.1m | <0.1% | 19,313 |  | Reduced −1,910 |
| [Cousins Properties, Inc. (CUZ)](/companies/cuz.md) | Common Stock | $17.2m | <0.1% | 573,605 |  | Reduced −12,860 |
| [BXP, Inc. (BXP)](/companies/bxp.md) | Common Stock | $15.4m | <0.1% | 232,050 |  | Reduced −5,140 |
| [Brixmor Property Group, Inc. (BRX)](/companies/brx.md) | Common Stock | $15.0m | <0.1% | 477,150 |  | Reduced −86,020 |
| [Adobe Inc. (ADBE)](/companies/adbe.md) | Common Stock | $13.9m | <0.1% | 67,894 |  | Added +22,755 |
| [M & T Bank Corp (MTB)](/companies/mtb.md) | Common Stock | $13.8m | <0.1% | 58,072 |  | Reduced −2,233 |
| [Healthpeak Properties, Inc. (DOC)](/companies/doc.md) | Common Stock | $13.5m | <0.1% | 631,026 |  | Reduced −14,180 |
| [Digital Realty Trust, Inc. (DLR)](/companies/dlr.md) | Common Stock | $13.2m | <0.1% | 73,280 |  | Reduced −5,600 |
| [Public Storage, Inc. (PSA)](/companies/psa.md) | Common Stock | $12.0m | <0.1% | 37,740 |  | Reduced −3,520 |
| AvalonBay Communities, Inc. | Common Stock | $11.3m | <0.1% | 59,890 |  | Reduced −20,080 |
| [Synopsys, Inc. (SNPS)](/companies/snps.md) | Common Stock | $11.1m | <0.1% | 24,962 |  | Reduced −951 |
| [Simon Property Group, Inc. (SPG)](/companies/spg.md) | Common Stock | $11.0m | <0.1% | 49,318 |  | Reduced −1,140 |
| [Oracle Corporation (ORCL)](/companies/orcl.md) | Common Stock | $11.0m | <0.1% | 74,923 |  | Reduced −5,491 |
| [American Homes 4 Rent - Class A (AMH)](/companies/amh.md) | Common Stock | $10.9m | <0.1% | 325,590 |  | Added +48,420 |
| [COPT Defense Properties (CDP)](/companies/cdp.md) | Common Stock | $10.7m | <0.1% | 292,700 |  | Reduced −6,500 |
| [Truist Financial Corp. (TFC)](/companies/tfc.md) | Common Stock | $10.4m | <0.1% | 208,391 |  | Reduced −16,414 |
| [Eastgroup Properties, Inc. (EGP)](/companies/egp.md) | Common Stock | $10.4m | <0.1% | 51,230 |  | Reduced −1,140 |
| [American Tower Corp (AMT)](/companies/amt.md) | Common Stock | $10.3m | <0.1% | 63,250 |  | Reduced −1,370 |
| [Sunstone Hotel Investors, Inc. (SHO)](/companies/sho.md) | Common Stock | $10.0m | <0.1% | 870,120 |  | Reduced −19,600 |
| [Ventas, Inc. (VTR)](/companies/vtr.md) | Common Stock | $9.9m | <0.1% | 111,420 |  | Reduced −2,450 |
| [Camden Property Trust (CPT)](/companies/cpt.md) | Common Stock | $9.9m | <0.1% | 86,120 |  | Reduced −1,890 |
| [Noah Holdings Ltd., Class A, ADS (NOAH)](/companies/noah.md) | ADR | $9.6m | <0.1% | 964,486 |  | Reduced −57,099 |
| [Darling Ingredients Inc. (DAR)](/companies/dar.md) | Common Stock | $9.3m | <0.1% | 170,846 |  | Reduced −17,059 |
| [SAP SE - ADR (SAP)](/companies/sap.md) | ADR | $9.3m | <0.1% | 60,529 |  | Reduced −256,893 |
| [Regency Centers Corporation (REG)](/companies/reg.md) | Common Stock | $9.3m | <0.1% | 116,340 |  | Reduced −22,290 |
| [Essex Property Trust, Inc. (ESS)](/companies/ess.md) | Common Stock | $8.3m | <0.1% | 28,501 |  | Added +11,740 |
| [JD.com Inc., Class A, ADR (JD)](/companies/jd.md) | ADR | $7.2m | <0.1% | 283,280 |  | Reduced −138 |
| [Terreno Realty Corp. (TRNO)](/companies/trno.md) | Common Stock | $7.2m | <0.1% | 111,037 |  | Reduced −2,470 |
| [SBA Communications Corp-CL A (SBAC)](/companies/sbac.md) | Common Stock | $7.2m | <0.1% | 40,700 |  | New +40,700 |
| [Rexford Industrial Realty, Inc. (REXR)](/companies/rexr.md) | Common Stock | $6.4m | <0.1% | 191,960 |  | Reduced −17,650 |
| [Equity Residential (VMRK)](/companies/vmrk.md) | Common Stock | $6.2m | <0.1% | 91,855 |  | Reduced −13,910 |
| [Community Healthcare Trust, Inc. (CHCT)](/companies/chct.md) | Common Stock | $5.9m | <0.1% | 322,890 |  | Reduced −7,150 |
| [Realty Income Corp. (O)](/companies/o.md) | Common Stock | $5.7m | <0.1% | 92,720 |  | Reduced −2,190 |
| [VICI Properties, Inc. (VICI)](/companies/vici.md) | Common Stock | $5.7m | <0.1% | 215,360 |  | Reduced −4,820 |
| [ANGI Inc., Class A (ANGI)](/companies/angi.md) | Common Stock | $5.5m | <0.1% | 932,653 |  | Reduced −16,340 |
| [Sun Communities, Inc. (SUI)](/companies/sui.md) | Common Stock | $5.1m | <0.1% | 42,480 |  | Reduced −950 |
| [Hudson Pacific Properties, Inc. (HPP)](/companies/hpp.md) | Common Stock | $4.8m | <0.1% | 315,236 |  | Reduced −6,940 |
| [Alexandria Real Estate Equities, Inc. (ARE)](/companies/are.md) | Common Stock | $4.3m | <0.1% | 80,467 |  | Reduced −100,340 |
| [Fermi Inc. (FRMI)](/companies/frmi.md) | Common Stock | $4.1m | <0.1% | 451,400 |  | Added +145,670 |
| [Extra Space Storage, Inc. (EXR)](/companies/exr.md) | Common Stock | $4.0m | <0.1% | 27,535 |  | Reduced −600 |
| [Jones Lang LaSalle, Inc. (JLL)](/companies/jll.md) | Common Stock | $3.8m | <0.1% | 12,295 |  | Reduced −100 |
| [CubeSmart (CUBE)](/companies/cube.md) | Common Stock | $3.6m | <0.1% | 90,280 |  | Reduced −1,990 |
| [Douglas Emmett, Inc (DEI)](/companies/dei.md) | Common Stock | $3.6m | <0.1% | 301,580 |  | Reduced −6,670 |
| [CBRE Group, Inc. (CBRE)](/companies/cbre.md) | Common Stock | $3.4m | <0.1% | 25,390 |  | Reduced −220 |
| [Mid-America Apartment Communities, Inc. (MAA)](/companies/maa.md) | Common Stock | $3.0m | <0.1% | 21,900 |  | Reduced −26,120 |
| [Taiwan Semiconductor Manufacturing, ADR (TSM)](/companies/tsm.md) | ADR | $1.9m | <0.1% | 3,980 |  | Reduced −3,220 |
| [Lam Research Corp. (LRCX)](/companies/lrcx.md) | Common Stock | $1.2m | <0.1% | 2,780 |  | Unchanged |
| [Janus Living, Inc. (JAN)](/companies/jan.md) | Common Stock | $1.0m | <0.1% | 35,000 |  | Added +25,000 |
| iShares S&P 500 Value Index Fund | ETF | $746.6k | <0.1% | 3,288 |  | Reduced −8,336 |
| [Crown Holdings, Inc. (CCK)](/companies/cck.md) | Common Stock | $611.7k | <0.1% | 5,470 |  | Reduced −3,100 |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| Coterra Energy, Inc. | Common Stock | $0 | 0.0% | 0 |  | Sold out −37,119,404 |
| [Crown Castle, Inc. (CCI)](/companies/cci.md) | Common Stock | $0 | 0.0% | 0 |  | Sold out −41,920 |

Source: SEC EDGAR, Form 13F-HR, accession 0001036325-26-000020. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.