Davis Asset Management, L.P.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 13, 2024), Davis Asset Management, L.P. reported 33 stock positions worth $2.3 billion. Its top holding was Meta Platforms Class A (META) at 10.6% of the portfolio, followed by Western Alliance Bancorp (WAL, 7.0%) and Alphabet Class C (GOOG, 6.7%). Compared with Q4 2023, it added to 3 and reduced 1. The biggest buy was Corebridge Financial (CRBG, shares +50%) and the biggest sale Glacier Bancorp (GBCI, shares −23%).

Most Recent 13F
Q2 2026
Location
SAUSALITO, CA
CIK
0001945894
Portfolio Value
$2.3B (Q1 2024)
SEC Filing
0001104659-24-060449 ↗ filed May 13, 2024

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $2.3B $2.3B Q1 2024 Q2 2024: $2.2B Q2 2024 Q3 2024: $2.5B Q3 2024 Q4 2024: $2.5B Q4 2024 Q1 2025: $2.4B Q1 2025 Q2 2025: $2.6B Q2 2025 Q3 2025: $2.8B Q3 2025 Q4 2025: $2.8B Q4 2025 Q1 2026: $3.5B Q1 2026 Q2 2026: $3.9B Q2 2026

Holdings 33 stocks · $2.3B
META Meta Platforms Inc. Class A 10.65% 500,000 $242.8M No change
WAL Western Alliance Bancorp 7.04% 2,500,000 $160.5M No change
GOOG Alphabet Inc. Class C 6.68% 1,000,000 $152.3M No change
GPN Global Payments Inc. 6.45% 1,100,000 $147.0M No change
CB Chubb Ltd. 5.11% 450,000 $116.6M No change
WBS Webster Financial Corp. 4.45% 2,000,000 $101.5M No change
KKR KKR & Co. Inc. 4.41% 1,000,000 $100.6M No change
STT State Street Corp. 4.07% 1,200,000 $92.8M No change
CRBG Corebridge Financial Inc. 3.78% 3,000,000 $86.2M Add +50.0%
BRK.B Berkshire Hathaway Inc. Class B 3.69% 200,000 $84.1M No change
V Visa Inc. Class A 3.67% 300,000 $83.7M No change
AX Axos Financial Inc. 3.55% 1,500,000 $81.1M No change
BRK.A Berkshire Hathaway Inc. Class A 3.34% 120 $76.1M No change
CG The Carlyle Group Inc. 3.09% 1,500,000 $70.4M No change
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 2.77% 1,000,000 $63.1M No change
ACGL Arch Capital Group Ltd. 2.63% 650,000 $60.1M No change
SFBS Servisfirst Bancshares Inc. 2.40% 823,562 $54.7M No change
MKL Markel Group Inc. 2.33% 35,000 $53.3M No change
MTB M & T Bank Corp. filed as M & T BK CORP 2.20% 345,000 $50.2M No change
GS Goldman Sachs Group Inc. 2.20% 120,000 $50.1M No change
USB US Bancorp 1.96% 1,000,000 $44.7M No change
MA Mastercard Inc. Class A 1.79% 85,000 $40.9M No change
RJF Raymond James Financial Inc. 1.69% 300,000 $38.5M No change
TCBK Trico Bancshares 1.65% 1,020,800 $37.5M No change
BABA Alibaba Group Holding-SP ADR 1.59% 500,000 $36.2M No change
FSBC Five Star Bancorp 1.44% 1,461,500 $32.9M Add +44.5%
JLL Jones Lang Lasalle Inc. 1.28% 150,000 $29.3M No change
FCNCA First Citizens Bcshs Class A 1.02% 14,200 $23.2M No change
SSBK Southern States Bancshares 0.88% 774,046 $20.1M No change
ABCB Ameris Bancorp 0.85% 400,000 $19.4M No change
CCNE CNB Financial Corp. 0.63% 700,000 $14.3M Add +16.7%
GBCI Glacier Bancorp Inc. 0.52% 296,749 $12.0M Reduce -23.3%
TSBK Timberland Bancorp Inc. 0.21% 174,476 $4.7M No change

Portfolio Sells Q4 2023 → Q1 2024
GBCI Glacier Bancorp Inc. Reduce -23.3% 0.52% −0.25

Portfolio Buys Q4 2023 → Q1 2024
CRBG Corebridge Financial Inc. Add +50.0% 3.78% +1.68
FSBC Five Star Bancorp Add +44.5% 1.44% +0.16
CCNE CNB Financial Corp. Add +16.7% 0.63% −0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 85$3.9BGOOG, BRK.A, META, WAL, MKL
Q1 2026 85$3.5BBRK.A, META, GOOG, WAL, CB
Q4 2025 30$2.8BMETA, GOOG, WAL, CB, WBS
Q3 2025 31$2.8BMETA, GOOG, WAL, STT, CB
Q2 2025 31$2.6BMETA, WAL, GOOG, CB, STT
Q1 2025 31$2.4BMETA, WAL, GOOG, GPN, CB
Q4 2024 31$2.5BMETA, WAL, GOOG, GPN, CB
Q3 2024 33$2.5BMETA, WAL, GOOG, GPN, CB
Q2 2024 34$2.2BMETA, GOOG, WAL, GPN, CB
Q1 2024 33$2.3BMETA, WAL, GOOG, GPN, CB