Davis Selected Advisers

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 8, 2024), Davis Selected Advisers reported 102 stock positions worth $17.8 billion. Its top holding was Meta Platforms Class A (META) at 8.7% of the portfolio, followed by Capital One Financial (COF, 8.1%) and Berkshire Hathaway Class A (BRK.A, 6.3%). Compared with Q2 2024, it opened 3 new positions, sold out of 3, added to 23 and reduced 69. The biggest buy was a new position in Trip.com Group Ltd.-ADR (TCOM) and the biggest sale Amazon.com (AMZN, shares −29%).

Most Recent 13F
Q2 2026
Location
Tucson, AZ
CIK
0001036325
Portfolio Value
$17.8B (Q3 2024)
SEC Filing
0001316506-24-000028 ↗ filed Nov 8, 2024

Holdings Value

0$5.0B$10.0B$15.0B$20.0B$25.0B Q1 2024: $17.8B Q1 2024 Q2 2024: $17.2B Q2 2024 Q3 2024: $17.8B $17.8B Q3 2024 Q4 2024: $17.2B Q4 2024 Q1 2025: $17.3B Q1 2025 Q2 2025: $18.7B Q2 2025 Q3 2025: $19.2B Q3 2025 Q4 2025: $22.2B Q4 2025 Q1 2026: $21.8B Q1 2026 Q2 2026: $23.3B Q2 2026

Holdings 102 stocks · $17.8B
META Meta Platforms Inc. Class A 8.72% 2,714,886 $1.6B Reduce -11.3%
COF Capital One Financial Corp. 8.09% 9,628,400 $1.4B Reduce -0.1%
BRK.A Berkshire Hathaway Inc. Class A 6.27% 1,617 $1.1B Reduce -11.7%
AMAT Applied Materials Inc. 4.66% 4,112,767 $831.0M Reduce -1.8%
WFC Wells Fargo & Co. 4.52% 14,263,227 $805.7M Reduce -7.1%
AMZN Amazon.com Inc. 4.25% 4,062,415 $756.9M Reduce -29.0%
MGM MGM Resorts International 4.17% 19,038,296 $744.2M Add +59.8%
HUM Humana Inc. 4.10% 2,309,557 $731.5M Reduce -0.1%
VTRS Viatris Inc. 4.08% 62,647,266 $727.3M Add +8.9%
USB US Bancorp 3.69% 14,392,993 $658.2M Add +1.2%
TECK Teck Resources Ltd.-CLS B 3.34% 11,390,911 $595.1M Reduce -1.2%
GOOGL Alphabet Inc. Class A 2.85% 3,062,607 $507.9M Reduce -0.4%
CI The Cigna Group 2.80% 1,439,871 $498.8M Reduce -0.4%
TXN Texas Instruments Inc. 2.74% 2,360,962 $487.7M Reduce -0.0%
MKL Markel Group Inc. 2.55% 289,600 $454.3M Add +0.9%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 2.16% 5,366,975 $385.7M Reduce -28.0%
OC Owens Corning 2.13% 2,153,295 $380.1M Reduce -5.4%
DGX Quest Diagnostics Inc. 2.09% 2,399,103 $372.5M Add +0.3%
SOLV Solventum Corp. 2.06% 5,271,513 $367.5M Add +2.1%
BRK.B Berkshire Hathaway Inc. Class B 1.93% 746,965 $343.8M Reduce -7.8%
CB Chubb Ltd. 1.91% 1,178,336 $339.8M Reduce -6.3%
INTC Intel Corp. 1.66% 12,623,929 $296.2M Reduce -0.1%
JPM JPMorgan Chase & Co. 1.66% 1,399,528 $295.1M Reduce -24.3%
TCOM Trip.com Group Ltd.-ADR 1.25% 3,746,822 $222.7M New
AGCO Agco Corp. 1.12% 2,041,981 $199.8M Add +50.4%
TSN Tyson Foods Inc. Class A 1.04% 3,111,577 $185.3M Add +0.2%
COP Conocophillips 0.83% 1,407,562 $148.2M Add +270.4%
CPNG Coupang Inc. 0.82% 5,940,678 $145.8M Reduce -0.6%
PPLI People Inc. filed as IAC INC 0.82% 2,702,142 $145.4M Reduce -0.1%
DUSA Davis Select US Equity ETF 0.79% 3,385,789 $141.1M No change
BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC 0.66% 5,880,528 $117.1M Reduce -1.9%
GOOG Alphabet Inc. Class C 0.62% 665,676 $111.3M Reduce -1.4%
MSFT Microsoft Corp. 0.62% 258,140 $111.1M Add +0.0%
DAR Darling Ingredients Inc. 0.59% 2,831,571 $105.2M Reduce -0.2%
FITB Fifth Third Bancorp 0.59% 2,435,536 $104.3M Reduce -1.7%
DINT Davis Select International 0.52% 3,866,428 $92.9M No change
PNC PNC Financial Services Group 0.52% 501,736 $92.7M Reduce -1.7%
DFNL Davis Select Financial ETF 0.44% 2,128,485 $78.7M No change
AXP American Express Co. 0.44% 287,548 $78.0M Reduce -21.0%
DWLD Davis Select Worldwide ETF 0.41% 1,916,112 $72.6M No change
SE Sea Ltd.-ADR 0.34% 649,028 $61.2M Reduce -0.5%
RKT Rocket Cos Inc. Class A 0.34% 3,163,759 $60.7M Reduce -1.7%
L Loews Corp. 0.27% 605,243 $47.8M Reduce -3.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.26% 1,169,687 $46.4M Reduce -1.8%
WCC Wesco International Inc. 0.24% 256,020 $43.0M Add +32.2%
NTB Bank of N.T. Butterfield&son 0.22% 1,070,712 $39.5M Reduce -0.9%
RNR Renaissancere Holdings Ltd. 0.22% 141,214 $38.5M New
JCI Johnson Controls Internation 0.20% 463,669 $36.0M Add +5.5%
JD Jd.com Inc.-ADR 0.19% 867,641 $34.7M Reduce -79.8%
PLD Prologis Inc. 0.17% 246,846 $31.2M Add +4.2%
UNH Unitedhealth Group Inc. 0.17% 51,132 $29.9M Reduce -43.4%
ORCL Oracle Corp. 0.13% 138,268 $23.6M Add +0.1%
CVS CVS Health Corp. 0.13% 367,512 $23.1M Add +0.8%
SAP Sap SE-Sponsored ADR 0.13% 99,355 $22.8M Add +0.6%
NOAH Noah Holdings Ltd.-Spon ADS filed as NOAH HLDGS LTD 0.12% 1,666,249 $20.5M Reduce -0.9%
PSA Public Storage 0.11% 54,520 $19.8M Reduce -2.0%
YOU Clear Secure Inc. Class A 0.11% 592,587 $19.6M Add +0.5%
SCHW Schwab (charles) Corp. 0.11% 299,705 $19.4M Reduce -1.7%
CUZ Cousins Properties Inc. 0.10% 620,015 $18.3M Reduce -9.2%
VTR Ventas Inc. 0.10% 281,230 $18.0M Reduce -1.6%
AMT American Tower Corp. 0.10% 75,940 $17.7M Reduce -0.2%
EQIX Equinix Inc. 0.10% 19,328 $17.2M Add +12.0%
ARE Alexandria Real Estate Equit 0.09% 142,057 $16.9M Add +0.3%
DLR Digital Realty Trust Inc. 0.09% 101,175 $16.4M Reduce -0.7%
EG Everest Group Ltd. 0.09% 38,883 $15.2M Reduce -4.9%
SPG Simon Property Group Inc. 0.08% 83,580 $14.1M Reduce -1.8%
BRX Brixmor Property Group Inc. 0.08% 494,490 $13.8M Reduce -1.9%
BABA Alibaba Group Holding-SP ADR 0.08% 127,784 $13.6M Reduce -24.8%
AVB Avalonbay Communities Inc. 0.07% 56,610 $12.8M Reduce -2.0%
BXP BXP Inc. 0.07% 152,800 $12.3M Reduce -1.3%
EXR Extra Space Storage Inc. 0.06% 61,495 $11.1M Reduce -0.2%
REXR Rexford Industrial Realty Inc. 0.06% 209,250 $10.5M Reduce -0.2%
ESS Essex Property Trust Inc. 0.06% 33,451 $9.9M Reduce -27.7%
UDR Udr Inc. 0.05% 197,320 $8.9M Reduce -2.1%
MTB M & T Bank Corp. filed as M & T BK CORP 0.05% 48,565 $8.7M Add +0.7%
REG Regency Centers Corp. 0.05% 119,660 $8.6M Reduce -1.3%
CPT Camden Property Trust 0.05% 69,820 $8.6M Reduce -0.9%
AMH American Homes 4 Rent- A 0.05% 218,090 $8.4M Reduce -1.9%
SHO Sunstone Hotel Investors Inc. 0.05% 807,870 $8.3M Reduce -0.9%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.04% 101,105 $7.5M Reduce -1.9%
EGP Eastgroup Properties Inc. 0.04% 39,660 $7.4M New
FRT Federal Realty Invs Trust 0.04% 60,520 $7.0M Reduce -1.3%
TRNO Terreno Realty Corp. 0.04% 102,237 $6.8M Reduce -35.5%
TFC Truist Financial Corp. 0.03% 137,238 $5.9M Add +1.7%
HUDSON PAC PPTYS INC 0.03% 1,213,023 $5.8M Reduce -0.9%
DOC Healthpeak Properties Inc. 0.03% 250,166 $5.7M Reduce -2.1%
MAA Mid-America Apartment Comm 0.03% 35,660 $5.7M Add +48.1%
STT State Street Corp. 0.03% 60,809 $5.4M Add +10.7%
HIW Highwoods Properties Inc. 0.03% 157,100 $5.3M Reduce -2.1%
CCI Crown Castle Inc. 0.03% 41,550 $4.9M Reduce -0.9%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.03% 146,190 $4.9M Reduce -0.8%
ROIC Retail Opportunity Investmen 0.02% 265,055 $4.2M Reduce -46.9%
CHCT Community Healthcare Trust I 0.02% 215,630 $3.9M Reduce -2.0%
WELL Welltower Inc. 0.02% 29,740 $3.8M Reduce -69.2%
SUI Sun Communities Inc. filed as SUN CMNTYS INC 0.02% 26,100 $3.5M Reduce -2.1%
IVE iShares S&P 500 Value ETF 0.01% 12,698 $2.5M Reduce -46.4%
DEI Douglas Emmett Inc. 0.01% 124,690 $2.2M Reduce -2.0%
LRCX Lam Research Corp. 0.01% 1,228 $1.0M No change
CCK Crown Holdings Inc. 0.00% 8,570 $822K No change
RH RH 0.00% 2,240 $749K No change
FWONA Liberty Media Corp. Class A 0.00% 9,590 $686K Reduce -97.3%
SKX Skechers USA Inc. Class A 0.00% 6,000 $402K Reduce -19.9%

Portfolio Sells Q2 2024 → Q3 2024
AMZN Amazon.com Inc. Reduce -29.0% 4.25% −2.18
AMAT Applied Materials Inc. Reduce -1.8% 4.66% −1.08
HUM Humana Inc. Reduce -0.1% 4.10% −0.91
WFC Wells Fargo & Co. Reduce -7.1% 4.52% −0.78
INTC Intel Corp. Reduce -0.1% 1.66% −0.61
JPM JPMorgan Chase & Co. Reduce -24.3% 1.66% −0.52
JD Jd.com Inc.-ADR Reduce -79.8% 0.19% −0.45
BNY Bank of New York Mellon Corp. Reduce -28.0% 2.16% −0.43
GOOGL Alphabet Inc. Class A Reduce -0.4% 2.85% −0.40
META Meta Platforms Inc. Class A Reduce -11.3% 8.72% −0.24
BRK.A Berkshire Hathaway Inc. Class A Reduce -11.7% 6.27% −0.24
OC Owens Corning Reduce -5.4% 2.13% −0.16
FWONA Liberty Media Corp. Class A Reduce -97.3% 0.00% −0.13
UNH Unitedhealth Group Inc. Reduce -43.4% 0.17% −0.10
GOOG Alphabet Inc. Class C Reduce -1.4% 0.62% −0.10
MBC Masterbrand Inc. Sold out 0.00% −0.07
AXP American Express Co. Reduce -21.0% 0.44% −0.05
HOLI Hollysys Automation Technolo Sold out 0.00% −0.03
BIDU Baidu Inc. - Spon ADR Sold out 0.00% −0.02
SCHW Schwab (charles) Corp. Reduce -1.7% 0.11% −0.02
DAR Darling Ingredients Inc. Reduce -0.2% 0.59% −0.02
BAC Bank of America Corp. Reduce -1.8% 0.26% −0.01
IVE iShares S&P 500 Value ETF Reduce -46.4% 0.01% −0.01
EG Everest Group Ltd. Reduce -4.9% 0.09% −0.01
L Loews Corp. Reduce -3.5% 0.27% −0.00
SKX Skechers USA Inc. Class A Reduce -19.9% 0.00% −0.00
NTB Bank of N.T. Butterfield&son Reduce -0.9% 0.22% +0.00
BABA Alibaba Group Holding-SP ADR Reduce -24.8% 0.08% +0.01
DEI Douglas Emmett Inc. Reduce -2.0% 0.01% +0.01
BRK.B Berkshire Hathaway Inc. Class B Reduce -7.8% 1.93% +0.01
SUI Sun Communities Inc. Reduce -2.1% 0.02% +0.02
NOAH Noah Holdings Ltd.-Spon ADS Reduce -0.9% 0.12% +0.02
CI The Cigna Group Reduce -0.4% 2.80% +0.02
WELL Welltower Inc. Reduce -69.2% 0.02% +0.02
CHCT Community Healthcare Trust I Reduce -2.0% 0.02% +0.02
ROIC Retail Opportunity Investmen Reduce -46.9% 0.02% +0.02
VICI Vici Properties Inc. Reduce -0.8% 0.03% +0.03
CCI Crown Castle Inc. Reduce -0.9% 0.03% +0.03
HIW Highwoods Properties Inc. Reduce -2.1% 0.03% +0.03
DOC Healthpeak Properties Inc. Reduce -2.1% 0.03% +0.03
HUDSON PAC PPTYS INC Reduce -0.9% 0.03% +0.03
TRNO Terreno Realty Corp. Reduce -35.5% 0.04% +0.04
FRT Federal Realty Invs Trust Reduce -1.3% 0.04% +0.04
VMRK Vivmark Residential Reduce -1.9% 0.04% +0.04
CB Chubb Ltd. Reduce -6.3% 1.91% +0.04
SHO Sunstone Hotel Investors Inc. Reduce -0.9% 0.05% +0.05
AMH American Homes 4 Rent- A Reduce -1.9% 0.05% +0.05
CPT Camden Property Trust Reduce -0.9% 0.05% +0.05
REG Regency Centers Corp. Reduce -1.3% 0.05% +0.05
UDR Udr Inc. Reduce -2.1% 0.05% +0.05

Portfolio Buys Q2 2024 → Q3 2024
TCOM Trip.com Group Ltd.-ADR New 1.25% +1.25
MGM MGM Resorts International Add +59.8% 4.17% +1.10
COP Conocophillips Add +270.4% 0.83% +0.58
VTRS Viatris Inc. Add +8.9% 4.08% +0.53
SOLV Solventum Corp. Add +2.1% 2.06% +0.48
USB US Bancorp Add +1.2% 3.69% +0.41
AGCO Agco Corp. Add +50.4% 1.12% +0.35
RNR Renaissancere Holdings Ltd. New 0.22% +0.22
DGX Quest Diagnostics Inc. Add +0.3% 2.09% +0.19
PLD Prologis Inc. Add +4.2% 0.17% +0.17
EQIX Equinix Inc. Add +12.0% 0.10% +0.10
ARE Alexandria Real Estate Equit Add +0.3% 0.09% +0.09
WCC Wesco International Inc. Add +32.2% 0.24% +0.06
YOU Clear Secure Inc. Class A Add +0.5% 0.11% +0.05
EGP Eastgroup Properties Inc. New 0.04% +0.04
JCI Johnson Controls Internation Add +5.5% 0.20% +0.03
MAA Mid-America Apartment Comm Add +48.1% 0.03% +0.03
ORCL Oracle Corp. Add +0.1% 0.13% +0.02
SAP Sap SE-Sponsored ADR Add +0.6% 0.13% +0.01
TSN Tyson Foods Inc. Class A Add +0.2% 1.04% +0.01
STT State Street Corp. Add +10.7% 0.03% +0.01
MTB M & T Bank Corp. Add +0.7% 0.05% +0.01
CVS CVS Health Corp. Add +0.8% 0.13% +0.00
TFC Truist Financial Corp. Add +1.7% 0.03% +0.00
MSFT Microsoft Corp. Add +0.0% 0.62% −0.05
MKL Markel Group Inc. Add +0.9% 2.55% −0.08

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 112$23.3BCOF, USB, CVS, VTRS, MGM
Q1 2026 112$21.8BCOF, CTRA, USB, VTRS, META
Q4 2025 108$22.2BCOF, USB, META, AMAT, CVS
Q3 2025Amended 107$19.2BCOF, META, AMAT, USB, CVS
Q2 2025 107$18.7BCOF, META, AMAT, USB, MGM
Q1 2025 104$17.3BCOF, META, BRK.A, CVS, AMAT
Q4 2024 100$17.2BCOF, META, BRK.A, AMZN, VTRS
Q3 2024 102$17.8BMETA, COF, BRK.A, AMAT, WFC
Q2 2024 102$17.2BMETA, COF, BRK.A, AMZN, AMAT
Q1 2024Amended 98$17.8BMETA, COF, WFC, BRK.A, AMZN