Davis Selected Advisers

Name: Davis Selected Advisers 13F holdings, Q3 2025
Creator: Davis Selected Advisers
Published: 2025-12-29

Q2 2026Q1 2026Q4 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed December 29, 2025), Davis Selected Advisers reported 107 stock positions worth $19.2 billion. Its top holding was Capital One Financial (COF) at 9.3% of the portfolio, followed by Meta Platforms Class A (META, 6.6%) and Applied Materials (AMAT, 5.9%). Compared with Q2 2025, it opened 3 new positions, sold out of 3, added to 59 and reduced 36. The biggest buy was a new position in Pinterest Class A (PINS) and the biggest sale Meta Platforms Class A (META, shares −19%).

Most Recent 13F: Q2 2026
Location: Tucson, AZ
CIK: 0001036325
Portfolio Value: $19.2B (Q3 2025)
SEC Filing: 0001036325-25-000050 ↗ filed Dec 29, 2025

Holdings Value

Holdings 107 stocks · $19.2B


COF Capital One Financial Corp.	9.30%	8,380,117	$1.8B	Reduce -6.4%
META Meta Platforms Inc. Class A	6.58%	1,715,514	$1.3B	Reduce -18.6%
AMAT Applied Materials Inc.	5.94%	5,553,992	$1.1B	Add +12.0%
USB US Bancorp	4.90%	19,431,562	$939.1M	Add +0.5%
CVS CVS Health Corp.	4.49%	11,403,641	$859.7M	Reduce -1.6%
MGM MGM Resorts International	4.33%	23,953,452	$830.2M	Add +0.6%
BRK.A Berkshire Hathaway Inc. Class A	3.93%	998	$752.7M	Reduce -6.3%
MKL Markel Group Inc.	3.73%	373,528	$713.9M	Add +0.7%
AMZN Amazon.com Inc.	3.60%	3,137,986	$689.0M	Reduce -4.0%
VTRS Viatris Inc.	3.58%	69,345,645	$686.5M	Add +4.5%
GOOGL Alphabet Inc. Class A	3.52%	2,770,594	$673.5M	Reduce -2.9%
WFC Wells Fargo & Co.	3.41%	7,786,052	$652.6M	Reduce -4.8%
TSN Tyson Foods Inc. Class A	2.82%	9,962,127	$540.9M	Add +11.2%
TECK Teck Resources Ltd.-CLS B	2.53%	11,023,662	$483.8M	Reduce -0.1%
CTRA Coterra Energy Inc.	2.46%	19,883,481	$470.2M	Add +112.9%
TXN Texas Instruments Inc.	2.22%	2,317,408	$425.8M	Reduce -2.6%
SOLV Solventum Corp.	2.10%	5,517,611	$402.8M	Add +0.5%
UNH Unitedhealth Group Inc.	2.05%	1,139,303	$393.4M	Add +0.6%
TCOM Trip.com Group Ltd.-ADR	1.94%	4,941,445	$371.6M	Reduce -0.2%
CB Chubb Ltd.	1.58%	1,070,445	$302.1M	Reduce -0.1%
BRK.B Berkshire Hathaway Inc. Class B	1.40%	533,948	$268.4M	Reduce -3.6%
DGX Quest Diagnostics Inc.	1.35%	1,361,612	$259.5M	Add +0.5%
PINS Pinterest Inc. Class A	1.33%	7,892,057	$253.9M	New
OC Owens Corning	1.31%	1,777,367	$251.4M	Add +0.5%
QSR Restaurant Brands Intern	1.19%	3,542,388	$227.2M	Add +3.6%
YMM Full Truck Alliance -SPN ADR	1.01%	14,981,773	$194.3M	Add +28.8%
AGCO Agco Corp.	1.01%	1,812,922	$194.1M	Add +0.5%
CI The Cigna Group	0.99%	656,318	$189.2M	Add +0.1%
JPM JPMorgan Chase & Co.	0.98%	595,626	$187.9M	Reduce -6.3%
DUSA Davis Select US Equity ETF	0.85%	3,383,338	$162.1M	No change
APP AppLovin Corp. Class A	0.84%	223,574	$160.6M	Add +4.0%
GOOG Alphabet Inc. Class C	0.82%	646,051	$157.3M	Reduce -0.7%
COP Conocophillips	0.79%	1,599,311	$151.3M	Add +0.9%
FITB Fifth Third Bancorp	0.62%	2,668,869	$118.9M	Add +6.2%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	0.57%	1,010,681	$110.1M	Reduce -46.8%
DINT Davis Select International	0.57%	3,890,080	$108.8M	No change
PNC PNC Financial Services Group	0.53%	501,817	$100.8M	Reduce -0.1%
HUM Humana Inc.	0.52%	385,539	$100.3M	Reduce -76.7%
DFNL Davis Select Financial ETF	0.50%	2,129,860	$96.3M	No change
NTES Netease Inc.-ADR	0.47%	594,740	$90.4M	Add +0.2%
DWLD Davis Select Worldwide ETF	0.45%	1,916,287	$86.7M	No change
AXP American Express Co.	0.43%	247,940	$82.4M	Reduce -8.3%
SE Sea Ltd.-ADR	0.41%	440,594	$78.7M	Reduce -1.7%
PPLI People Inc. filed as IAC INC	0.40%	2,243,689	$76.4M	Reduce -1.6%
DAR Darling Ingredients Inc.	0.40%	2,453,940	$75.8M	Add +0.4%
WCC Wesco International Inc.	0.32%	292,570	$61.9M	Add +0.6%
RKT Rocket Cos Inc. Class A	0.32%	3,134,234	$60.7M	Add +0.1%
L Loews Corp.	0.31%	595,697	$59.8M	Reduce -0.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.31%	1,150,589	$59.4M	Reduce -0.2%
CHYM Chime Financial Inc. Class A	0.25%	2,399,166	$48.4M	New
NTB Bank of N.T. Butterfield&son	0.24%	1,058,793	$45.4M	Reduce -0.3%
RNR Renaissancere Holdings Ltd.	0.19%	143,145	$36.3M	Add +0.1%
BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC	0.18%	1,851,804	$35.2M	Reduce -0.1%
VALE Vale SA-SP ADR	0.17%	2,931,198	$31.8M	Reduce -0.6%
SCHW Schwab (charles) Corp.	0.15%	296,441	$28.3M	Add +0.0%
MSFT Microsoft Corp.	0.14%	52,306	$27.1M	Reduce -78.9%
PLD Prologis Inc.	0.12%	198,166	$22.7M	Add +53.4%
JCI Johnson Controls Internation	0.11%	186,004	$20.5M	Reduce -24.2%
ORCL Oracle Corp.	0.10%	67,052	$18.9M	Reduce -49.0%
BXP BXP Inc.	0.09%	239,760	$17.8M	Add +14.4%
EQIX Equinix Inc.	0.09%	21,803	$17.1M	Add +39.2%
NVDA Nvidia Corp.	0.09%	89,795	$16.8M	Add +0.7%
REXR Rexford Industrial Realty Inc.	0.08%	395,150	$16.2M	Add +5.4%
BRX Brixmor Property Group Inc.	0.08%	570,000	$15.8M	Add +14.4%
ANGI Angi Inc.	0.08%	949,006	$15.4M	Reduce -19.7%
ARE Alexandria Real Estate Equit	0.08%	180,157	$15.0M	Add +15.3%
CUZ Cousins Properties Inc.	0.08%	512,355	$14.8M	Add +11.3%
SPG Simon Property Group Inc.	0.08%	76,733	$14.4M	Add +30.7%
DLR Digital Realty Trust Inc.	0.07%	81,280	$14.1M	Add +18.7%
EG Everest Group Ltd.	0.07%	39,428	$13.8M	Reduce -0.2%
PSA Public Storage	0.07%	44,610	$12.9M	Add +10.4%
AVB Avalonbay Communities Inc.	0.07%	66,580	$12.9M	Add +15.2%
AMT American Tower Corp.	0.07%	65,670	$12.6M	Reduce -28.4%
SAP Sap SE-Sponsored ADR	0.07%	46,787	$12.5M	Add +0.0%
SHO Sunstone Hotel Investors Inc.	0.06%	1,311,800	$12.3M	Add +13.5%
STT State Street Corp.	0.06%	103,785	$12.0M	Add +43.6%
JD Jd.com Inc.-ADR	0.06%	341,711	$12.0M	Reduce -0.5%
NOAH Noah Holdings Ltd.-Spon ADS filed as NOAH HLDGS LTD	0.06%	1,021,585	$11.8M	No change
REG Regency Centers Corp.	0.05%	140,110	$10.2M	Add +15.0%
MTB M & T Bank Corp. filed as M & T BK CORP	0.05%	51,027	$10.1M	Add +0.2%
CPT Camden Property Trust	0.05%	89,120	$9.5M	Add +13.3%
AMH American Homes 4 Rent- A	0.05%	285,600	$9.5M	Add +14.1%
EGP Eastgroup Properties Inc.	0.05%	52,940	$9.0M	Add +14.8%
CDP Copt Defense Properties	0.05%	302,120	$8.8M	Add +104.8%
DOC Healthpeak Properties Inc.	0.04%	446,866	$8.6M	Add +14.8%
MAA Mid-America Apartment Comm	0.04%	60,860	$8.5M	Add +14.7%
VTR Ventas Inc.	0.04%	117,330	$8.2M	Reduce -42.3%
EXR Extra Space Storage Inc.	0.04%	55,055	$7.8M	Reduce -3.0%
VICI Vici Properties Inc. filed as VICI PPTYS INC	0.04%	221,610	$7.2M	Add +30.6%
TFC Truist Financial Corp.	0.04%	156,437	$7.2M	Add +0.4%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL	0.04%	107,215	$6.9M	Add +5.4%
UDR Udr Inc.	0.04%	186,190	$6.9M	Add +14.9%
TRNO Terreno Realty Corp.	0.04%	120,907	$6.9M	Add +16.0%
HUDSON PAC PPTYS INC	0.03%	2,300,183	$6.3M	Add +0.2%
NTST Netstreit Corp.	0.03%	342,410	$6.2M	Add +55.3%
O Realty Income Corp.	0.03%	93,580	$5.7M	Add +91.5%
SUI Sun Communities Inc. filed as SUN CMNTYS INC	0.03%	43,950	$5.7M	Add +14.5%
CHCT Community Healthcare Trust I	0.03%	333,190	$5.1M	Add +0.3%
DEI Douglas Emmett Inc.	0.03%	317,600	$4.9M	Add +14.8%
ESS Essex Property Trust Inc.	0.02%	16,951	$4.5M	Reduce -40.6%
SNPS Synopsys Inc.	0.02%	8,655	$4.3M	New
CCI Crown Castle Inc.	0.02%	43,240	$4.2M	Add +2.2%
TSM Taiwan Semiconductor-SP ADR	0.01%	7,200	$2.0M	No change
LRCX Lam Research Corp.	0.01%	12,280	$1.6M	No change
IVE iShares S&P 500 Value ETF	0.01%	6,614	$1.4M	Reduce -39.8%
CCK Crown Holdings Inc.	0.00%	8,570	$828K	No change
RH RH	0.00%	2,240	$455K	No change

Portfolio Sells Q2 2025 → Q3 2025


META Meta Platforms Inc. Class A	Reduce -18.6%	6.58%	−1.74
HUM Humana Inc.	Reduce -76.7%	0.52%	−1.64
CPNG Coupang Inc.	Sold out	0.00%	−0.92
COF Capital One Financial Corp.	Reduce -6.4%	9.30%	−0.89
MSFT Microsoft Corp.	Reduce -78.9%	0.14%	−0.52
TXN Texas Instruments Inc.	Reduce -2.6%	2.22%	−0.42
BNY Bank of New York Mellon Corp.	Reduce -46.8%	0.57%	−0.35
AMZN Amazon.com Inc.	Reduce -4.0%	3.60%	−0.24
BRK.A Berkshire Hathaway Inc. Class A	Reduce -6.3%	3.93%	−0.22
WFC Wells Fargo & Co.	Reduce -4.8%	3.41%	−0.10
CB Chubb Ltd.	Reduce -0.1%	1.58%	−0.08
PPLI People Inc.	Reduce -1.6%	0.40%	−0.06
ORCL Oracle Corp.	Reduce -49.0%	0.10%	−0.06
AMT American Tower Corp.	Reduce -28.4%	0.07%	−0.04
BRK.B Berkshire Hathaway Inc. Class B	Reduce -3.6%	1.40%	−0.04
JCI Johnson Controls Internation	Reduce -24.2%	0.11%	−0.03
AXP American Express Co.	Reduce -8.3%	0.43%	−0.03
VTR Ventas Inc.	Reduce -42.3%	0.04%	−0.03
ESS Essex Property Trust Inc.	Reduce -40.6%	0.02%	−0.02
ANGI Angi Inc.	Reduce -19.7%	0.08%	−0.02
NTB Bank of N.T. Butterfield&son	Reduce -0.3%	0.24%	−0.01
JPM JPMorgan Chase & Co.	Reduce -6.3%	0.98%	−0.01
IVE iShares S&P 500 Value ETF	Reduce -39.8%	0.01%	−0.00
EXR Extra Space Storage Inc.	Reduce -3.0%	0.04%	−0.00
AAPL Apple Inc.	Sold out	0.00%	−0.00
XOM Exxon Mobil Corp.	Sold out	0.00%	−0.00
EG Everest Group Ltd.	Reduce -0.2%	0.07%	+0.00
JD Jd.com Inc.-ADR	Reduce -0.5%	0.06%	+0.00
BEKE Ke Holdings Inc.-ADR	Reduce -0.1%	0.18%	+0.01
VALE Vale SA-SP ADR	Reduce -0.6%	0.17%	+0.01
BAC Bank of America Corp.	Reduce -0.2%	0.31%	+0.02
L Loews Corp.	Reduce -0.3%	0.31%	+0.02
PNC PNC Financial Services Group	Reduce -0.1%	0.53%	+0.03
SE Sea Ltd.-ADR	Reduce -1.7%	0.41%	+0.03
TECK Teck Resources Ltd.-CLS B	Reduce -0.1%	2.53%	+0.14
GOOG Alphabet Inc. Class C	Reduce -0.7%	0.82%	+0.20
CVS CVS Health Corp.	Reduce -1.6%	4.49%	+0.21
TCOM Trip.com Group Ltd.-ADR	Reduce -0.2%	1.94%	+0.39
GOOGL Alphabet Inc. Class A	Reduce -2.9%	3.52%	+0.83

Portfolio Buys Q2 2025 → Q3 2025


PINS Pinterest Inc. Class A	New	1.33%	+1.33
CTRA Coterra Energy Inc.	Add +112.9%	2.46%	+1.19
AMAT Applied Materials Inc.	Add +12.0%	5.94%	+1.08
APP AppLovin Corp. Class A	Add +4.0%	0.84%	+0.44
VTRS Viatris Inc.	Add +4.5%	3.58%	+0.41
YMM Full Truck Alliance -SPN ADR	Add +28.8%	1.01%	+0.28
CHYM Chime Financial Inc. Class A	New	0.25%	+0.25
USB US Bancorp	Add +0.5%	4.90%	+0.23
UNH Unitedhealth Group Inc.	Add +0.6%	2.05%	+0.16
TSN Tyson Foods Inc. Class A	Add +11.2%	2.82%	+0.15
RKT Rocket Cos Inc. Class A	Add +0.1%	0.32%	+0.08
FITB Fifth Third Bancorp	Add +6.2%	0.62%	+0.07
DGX Quest Diagnostics Inc.	Add +0.5%	1.35%	+0.05
PLD Prologis Inc.	Add +53.4%	0.12%	+0.05
NTES Netease Inc.-ADR	Add +0.2%	0.47%	+0.04
WCC Wesco International Inc.	Add +0.6%	0.32%	+0.04
COP Conocophillips	Add +0.9%	0.79%	+0.03
SPG Simon Property Group Inc.	Add +30.7%	0.08%	+0.02
CDP Copt Defense Properties	Add +104.8%	0.05%	+0.02
EQIX Equinix Inc.	Add +39.2%	0.09%	+0.02
SNPS Synopsys Inc.	New	0.02%	+0.02
STT State Street Corp.	Add +43.6%	0.06%	+0.02
AGCO Agco Corp.	Add +0.5%	1.01%	+0.02
ARE Alexandria Real Estate Equit	Add +15.3%	0.08%	+0.02
BXP BXP Inc.	Add +14.4%	0.09%	+0.02
O Realty Income Corp.	Add +91.5%	0.03%	+0.01
REXR Rexford Industrial Realty Inc.	Add +5.4%	0.08%	+0.01
BRX Brixmor Property Group Inc.	Add +14.4%	0.08%	+0.01
NTST Netstreit Corp.	Add +55.3%	0.03%	+0.01
NVDA Nvidia Corp.	Add +0.7%	0.09%	+0.01
OC Owens Corning	Add +0.5%	1.31%	+0.01
SHO Sunstone Hotel Investors Inc.	Add +13.5%	0.06%	+0.01
DLR Digital Realty Trust Inc.	Add +18.7%	0.07%	+0.01
DOC Healthpeak Properties Inc.	Add +14.8%	0.04%	+0.01
VICI Vici Properties Inc.	Add +30.6%	0.04%	+0.01
REG Regency Centers Corp.	Add +15.0%	0.05%	+0.01
EGP Eastgroup Properties Inc.	Add +14.8%	0.05%	+0.01
TRNO Terreno Realty Corp.	Add +16.0%	0.04%	+0.00
AVB Avalonbay Communities Inc.	Add +15.2%	0.07%	+0.00
RNR Renaissancere Holdings Ltd.	Add +0.1%	0.19%	+0.00
PSA Public Storage	Add +10.4%	0.07%	+0.00
DEI Douglas Emmett Inc.	Add +14.8%	0.03%	+0.00
SUI Sun Communities Inc.	Add +14.5%	0.03%	+0.00
CUZ Cousins Properties Inc.	Add +11.3%	0.08%	+0.00
SCHW Schwab (charles) Corp.	Add +0.0%	0.15%	+0.00
MAA Mid-America Apartment Comm	Add +14.7%	0.04%	+0.00
CPT Camden Property Trust	Add +13.3%	0.05%	+0.00
TFC Truist Financial Corp.	Add +0.4%	0.04%	+0.00
AMH American Homes 4 Rent- A	Add +14.1%	0.05%	+0.00
UDR Udr Inc.	Add +14.9%	0.04%	+0.00

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	112	$23.3B	COF, USB, CVS, VTRS, MGM
Q1 2026	112	$21.8B	COF, CTRA, USB, VTRS, META
Q4 2025	108	$22.2B	COF, USB, META, AMAT, CVS
Q3 2025Amended	107	$19.2B	COF, META, AMAT, USB, CVS
Q2 2025	107	$18.7B	COF, META, AMAT, USB, MGM
Q1 2025	104	$17.3B	COF, META, BRK.A, CVS, AMAT
Q4 2024	100	$17.2B	COF, META, BRK.A, AMZN, VTRS
Q3 2024	102	$17.8B	META, COF, BRK.A, AMAT, WFC
Q2 2024	102	$17.2B	META, COF, BRK.A, AMZN, AMAT
Q1 2024Amended	98	$17.8B	META, COF, WFC, BRK.A, AMZN