Davis Selected Advisers

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 7, 2026), Davis Selected Advisers reported 112 stock positions worth $21.8 billion. Its top holding was Capital One Financial (COF) at 7.2% of the portfolio, followed by Coterra Energy (CTRA, 6.0%) and US Bancorp (USB, 5.3%). Compared with Q4 2025, it opened 6 new positions, sold out of 2, added to 64 and reduced 36. The biggest buy was Coterra Energy (CTRA, shares +14%) and the biggest sale Applied Materials (AMAT, shares −72%).

Most Recent 13F
Q2 2026
Location
Tucson, AZ
CIK
0001036325
Portfolio Value
$21.8B (Q1 2026)
SEC Filing
0001036325-26-000016 ↗ filed May 7, 2026

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 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 $21.8B Q1 2026 Q2 2026: $23.3B Q2 2026

Holdings 112 stocks · $21.8B
COF Capital One Financial Corp. 7.15% 8,539,736 $1.6B Reduce -0.9%
CTRA Coterra Energy Inc. 5.99% 37,119,404 $1.3B Add +14.1%
USB US Bancorp 5.31% 22,237,960 $1.2B Add +0.9%
VTRS Viatris Inc. 4.85% 78,211,191 $1.1B Add +0.0%
META Meta Platforms Inc. Class A 4.52% 1,719,156 $983.6M Reduce -1.9%
MGM MGM Resorts International 4.13% 24,295,338 $899.2M Reduce -9.4%
GOOGL Alphabet Inc. Class A 4.09% 3,094,659 $889.9M Reduce -0.8%
CVS CVS Health Corp. 4.04% 12,239,666 $879.1M Reduce -4.1%
TSN Tyson Foods Inc. Class A 3.85% 13,090,689 $838.7M Add +2.0%
MKL Markel Group Inc. 3.37% 383,433 $734.0M Reduce -7.6%
AMZN Amazon.com Inc. 3.28% 3,425,252 $713.4M Reduce -0.1%
BRK.A Berkshire Hathaway Inc. Class A 3.04% 923 $662.8M Reduce -2.1%
WFC Wells Fargo & Co. 2.99% 8,190,871 $652.1M Reduce -0.8%
CI The Cigna Group 2.74% 2,233,929 $595.9M Add +196.7%
TXN Texas Instruments Inc. 2.54% 2,849,671 $553.2M Reduce -0.1%
TECK Teck Resources Ltd.-CLS B 2.51% 10,584,663 $547.8M Reduce -11.9%
JBS JBS NV-A 2.16% 26,244,660 $471.4M Add +121.4%
LYB Lyondellbasell Indu Class A 2.07% 5,596,588 $450.9M New
SOLV Solventum Corp. 1.90% 6,330,325 $413.4M Add +1.8%
AMAT Applied Materials Inc. 1.88% 1,197,102 $409.2M Reduce -71.5%
CB Chubb Ltd. 1.79% 1,195,391 $389.6M Add +0.7%
BRK.B Berkshire Hathaway Inc. Class B 1.65% 749,846 $359.3M Add +1.4%
UNH Unitedhealth Group Inc. 1.55% 1,247,476 $337.6M Reduce -2.0%
TCOM Trip.com Group Ltd.-ADR 1.50% 6,555,112 $326.4M Add +29.7%
DGX Quest Diagnostics Inc. 1.46% 1,617,813 $317.1M Add +1.8%
QSR Restaurant Brands Intern 1.22% 3,599,127 $266.0M Reduce -10.5%
COP Conocophillips 1.14% 1,875,428 $247.6M Add +4.3%
AGCO Agco Corp. 1.11% 2,086,643 $241.8M Add +1.9%
YMM Full Truck Alliance -SPN ADR 1.10% 28,763,191 $238.7M Add +64.0%
PINS Pinterest Inc. Class A 1.04% 12,400,101 $227.4M Add +5.1%
OC Owens Corning 1.04% 2,100,935 $227.4M Add +2.7%
GOOG Alphabet Inc. Class C 0.89% 677,607 $194.4M Reduce -4.7%
DUSA Davis Select US Equity ETF 0.79% 3,400,745 $172.6M Add +0.5%
JPM JPMorgan Chase & Co. 0.75% 556,452 $163.7M Reduce -2.6%
SE Sea Ltd.-ADR 0.70% 1,849,831 $153.2M Add +323.8%
APP AppLovin Corp. Class A 0.61% 335,810 $133.7M Add +35.4%
FITB Fifth Third Bancorp 0.60% 2,813,525 $130.7M Add +2.5%
PNC PNC Financial Services Group 0.52% 541,922 $112.8M Add +2.2%
DINT Davis Select International 0.48% 3,915,748 $105.4M Add +0.6%
WCC Wesco International Inc. 0.48% 381,007 $104.3M Add +4.5%
PPLI People Inc. filed as IAC INC 0.44% 2,413,247 $96.6M Reduce -4.0%
DFNL Davis Select Financial ETF 0.44% 2,130,666 $95.5M Add +0.0%
DWLD Davis Select Worldwide ETF 0.39% 1,935,585 $84.8M Add +0.9%
RNR Renaissancere Holdings Ltd. 0.35% 257,190 $76.4M Add +11.9%
AXP American Express Co. 0.32% 233,126 $70.5M Reduce -3.5%
RKT Rocket Cos Inc. Class A 0.32% 4,823,570 $68.7M Add +49.4%
L Loews Corp. 0.30% 614,097 $65.5M Add +2.3%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.29% 525,228 $62.3M Add +0.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.26% 1,159,204 $56.5M Add +0.8%
NTB Bank of N.T. Butterfield&son 0.26% 1,073,129 $56.3M Add +1.8%
SAP Sap SE-Sponsored ADR 0.25% 317,422 $54.3M Add +463.3%
CHYM Chime Financial Inc. Class A 0.22% 2,539,206 $47.6M Add +2.7%
NTES Netease Inc.-ADR 0.22% 422,712 $47.3M Reduce -0.8%
VALE Vale SA-SP ADR 0.21% 2,931,198 $46.6M No change
EG Everest Group Ltd. 0.21% 140,908 $46.1M Add +19.4%
FISV Fiserv Inc. 0.15% 588,885 $32.9M Add +3.5%
SCHW Schwab (charles) Corp. 0.13% 310,982 $29.2M Add +3.1%
MSFT Microsoft Corp. 0.13% 78,489 $29.1M Add +29.1%
BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC 0.13% 1,851,804 $27.7M No change
JCI Johnson Controls Internation 0.12% 193,880 $25.4M Reduce -7.7%
PLD Prologis Inc. 0.11% 182,586 $24.1M Add +1.4%
EQIX Equinix Inc. 0.10% 21,223 $20.8M Add +2.2%
NVDA Nvidia Corp. 0.09% 113,556 $19.8M Add +2.3%
STT State Street Corp. 0.09% 152,200 $19.3M Add +5.9%
BRX Brixmor Property Group Inc. 0.07% 563,170 $16.2M Add +1.3%
DLR Digital Realty Trust Inc. 0.07% 78,880 $14.2M Reduce -0.5%
CUZ Cousins Properties Inc. 0.06% 586,465 $13.2M Add +17.4%
AVB Avalonbay Communities Inc. 0.06% 79,970 $13.1M Add +1.4%
MTB M & T Bank Corp. filed as M & T BK CORP 0.06% 60,305 $12.5M Add +8.0%
BXP BXP Inc. 0.06% 237,190 $12.3M Add +1.4%
ORCL Oracle Corp. 0.05% 80,414 $11.8M Add +1.3%
DAR Darling Ingredients Inc. 0.05% 187,905 $11.6M Reduce -93.4%
PSA Public Storage 0.05% 41,260 $11.2M Reduce -5.2%
AMT American Tower Corp. 0.05% 64,620 $11.2M Add +1.0%
ADBE Adobe Inc. 0.05% 45,139 $11.0M New
DOC Healthpeak Properties Inc. 0.05% 645,206 $10.6M Add +48.0%
REG Regency Centers Corp. 0.05% 138,630 $10.5M Add +1.4%
TFC Truist Financial Corp. 0.05% 224,805 $10.3M Add +17.1%
SNPS Synopsys Inc. 0.05% 25,913 $10.3M Add +199.4%
NOAH Noah Holdings Ltd.-Spon ADS filed as NOAH HLDGS LTD 0.05% 1,021,585 $10.1M No change
EGP Eastgroup Properties Inc. 0.04% 52,370 $9.7M Add +1.4%
SPG Simon Property Group Inc. 0.04% 50,458 $9.4M Reduce -23.8%
VTR Ventas Inc. 0.04% 113,870 $9.3M Reduce -0.5%
CDP Copt Defense Properties 0.04% 299,200 $9.2M Add +1.5%
CPT Camden Property Trust 0.04% 88,010 $8.6M Add +1.2%
ARE Alexandria Real Estate Equit 0.04% 180,807 $8.4M Add +1.5%
JD Jd.com Inc.-ADR 0.04% 283,418 $8.4M Reduce -13.9%
SHO Sunstone Hotel Investors Inc. 0.04% 889,720 $8.0M Reduce -30.5%
AMH American Homes 4 Rent- A 0.04% 277,170 $7.7M Reduce -0.5%
TRNO Terreno Realty Corp. 0.03% 113,507 $7.0M Reduce -3.8%
REXR Rexford Industrial Realty Inc. 0.03% 209,610 $6.9M Reduce -39.2%
ANGI Angi Inc. 0.03% 948,993 $6.5M No change
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.03% 105,765 $6.3M Add +1.2%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.03% 220,180 $6.0M Add +1.8%
MAA Mid-America Apartment Comm 0.03% 48,020 $5.9M Reduce -19.1%
O Realty Income Corp. 0.03% 94,910 $5.8M Add +3.9%
SUI Sun Communities Inc. filed as SUN CMNTYS INC 0.03% 43,430 $5.5M Add +1.4%
CHCT Community Healthcare Trust I 0.02% 330,040 $5.2M Add +1.4%
ESS Essex Property Trust Inc. 0.02% 16,761 $4.1M Add +1.5%
JLL Jones Lang Lasalle Inc. 0.02% 12,395 $3.8M New

Show all 112 holdings

Portfolio Sells Q4 2025 → Q1 2026
AMAT Applied Materials Inc. Reduce -71.5% 1.88% −2.97
COF Capital One Financial Corp. Reduce -0.9% 7.15% −2.23
META Meta Platforms Inc. Class A Reduce -1.9% 4.52% −0.69
MKL Markel Group Inc. Reduce -7.6% 3.37% −0.64
CVS CVS Health Corp. Reduce -4.1% 4.04% −0.52
WFC Wells Fargo & Co. Reduce -0.8% 2.99% −0.47
DAR Darling Ingredients Inc. Reduce -93.4% 0.05% −0.41
UNH Unitedhealth Group Inc. Reduce -2.0% 1.55% −0.34
GOOGL Alphabet Inc. Class A Reduce -0.8% 4.09% −0.30
AMZN Amazon.com Inc. Reduce -0.1% 3.28% −0.28
MGM MGM Resorts International Reduce -9.4% 4.13% −0.27
BRK.A Berkshire Hathaway Inc. Class A Reduce -2.1% 3.04% −0.16
GOOG Alphabet Inc. Class C Reduce -4.7% 0.89% −0.11
IVE iShares S&P 500 Value ETF Reduce -90.8% 0.01% −0.11
AXP American Express Co. Reduce -3.5% 0.32% −0.08
JPM JPMorgan Chase & Co. Reduce -2.6% 0.75% −0.08
TECK Teck Resources Ltd.-CLS B Reduce -11.9% 2.51% −0.07
NTES Netease Inc.-ADR Reduce -0.8% 0.22% −0.05
REXR Rexford Industrial Realty Inc. Reduce -39.2% 0.03% −0.03
UDR Udr Inc. Sold out 0.00% −0.02
NTST Netstreit Corp. Sold out 0.00% −0.01
SHO Sunstone Hotel Investors Inc. Reduce -30.5% 0.04% −0.01
QSR Restaurant Brands Intern Reduce -10.5% 1.22% −0.01
SPG Simon Property Group Inc. Reduce -23.8% 0.04% −0.01
MAA Mid-America Apartment Comm Reduce -19.1% 0.03% −0.01
HPP Hudson Pacific Properties Inc. Reduce -0.6% 0.01% −0.01
LRCX Lam Research Corp. Reduce -77.4% 0.00% −0.01
AMH American Homes 4 Rent- A Reduce -0.5% 0.04% −0.00
JD Jd.com Inc.-ADR Reduce -13.9% 0.04% −0.00
DEI Douglas Emmett Inc. Reduce -0.5% 0.01% −0.00
CCI Crown Castle Inc. Reduce -0.6% 0.02% −0.00
PSA Public Storage Reduce -5.2% 0.05% +0.00
TRNO Terreno Realty Corp. Reduce -3.8% 0.03% +0.00
PPLI People Inc. Reduce -4.0% 0.44% +0.00
VTR Ventas Inc. Reduce -0.5% 0.04% +0.00
JCI Johnson Controls Internation Reduce -7.7% 0.12% +0.00
DLR Digital Realty Trust Inc. Reduce -0.5% 0.07% +0.01
TXN Texas Instruments Inc. Reduce -0.1% 2.54% +0.32

Portfolio Buys Q4 2025 → Q1 2026
CTRA Coterra Energy Inc. Add +14.1% 5.99% +2.14
LYB Lyondellbasell Indu Class A New 2.07% +2.07
CI The Cigna Group Add +196.7% 2.74% +1.80
JBS JBS NV-A Add +121.4% 2.16% +1.40
VTRS Viatris Inc. Add +0.0% 4.85% +0.48
TSN Tyson Foods Inc. Class A Add +2.0% 3.85% +0.47
SE Sea Ltd.-ADR Add +323.8% 0.70% +0.45
COP Conocophillips Add +4.3% 1.14% +0.38
YMM Full Truck Alliance -SPN ADR Add +64.0% 1.10% +0.25
DGX Quest Diagnostics Inc. Add +1.8% 1.46% +0.22
SAP Sap SE-Sponsored ADR Add +463.3% 0.25% +0.19
AGCO Agco Corp. Add +1.9% 1.11% +0.15
CB Chubb Ltd. Add +0.7% 1.79% +0.12
WCC Wesco International Inc. Add +4.5% 0.48% +0.08
RNR Renaissancere Holdings Ltd. Add +11.9% 0.35% +0.06
ADBE Adobe Inc. New 0.05% +0.05
RKT Rocket Cos Inc. Class A Add +49.4% 0.32% +0.03
EG Everest Group Ltd. Add +19.4% 0.21% +0.03
SNPS Synopsys Inc. Add +199.4% 0.05% +0.03
EQIX Equinix Inc. Add +2.2% 0.10% +0.02
USB US Bancorp Add +0.9% 5.31% +0.02
FITB Fifth Third Bancorp Add +2.5% 0.60% +0.02
NTB Bank of N.T. Butterfield&son Add +1.8% 0.26% +0.02
PNC PNC Financial Services Group Add +2.2% 0.52% +0.02
JLL Jones Lang Lasalle Inc. New 0.02% +0.02
DOC Healthpeak Properties Inc. Add +48.0% 0.05% +0.02
L Loews Corp. Add +2.3% 0.30% +0.02
CBRE CBRE Group Inc. Class A New 0.02% +0.02
DUSA Davis Select US Equity ETF Add +0.5% 0.79% +0.01
OC Owens Corning Add +2.7% 1.04% +0.01
BNY Bank of New York Mellon Corp. Add +0.7% 0.29% +0.01
BRX Brixmor Property Group Inc. Add +1.3% 0.07% +0.01
FRMI Fermi Inc. New 0.01% +0.01
PLD Prologis Inc. Add +1.4% 0.11% +0.01
MTB M & T Bank Corp. Add +8.0% 0.06% +0.01
REG Regency Centers Corp. Add +1.4% 0.05% +0.01
CDP Copt Defense Properties Add +1.5% 0.04% +0.01
STT State Street Corp. Add +5.9% 0.09% +0.01
TFC Truist Financial Corp. Add +17.1% 0.05% +0.01
O Realty Income Corp. Add +3.9% 0.03% +0.00
EGP Eastgroup Properties Inc. Add +1.4% 0.04% +0.00
CUZ Cousins Properties Inc. Add +17.4% 0.06% +0.00
SUI Sun Communities Inc. Add +1.4% 0.03% +0.00
MSFT Microsoft Corp. Add +29.1% 0.13% +0.00
JAN Janus Living Inc. Class-A-1 New 0.00% +0.00
CUBE Cubesmart Add +1.5% 0.02% +0.00
AMT American Tower Corp. Add +1.0% 0.05% +0.00
EXR Extra Space Storage Inc. Add +0.6% 0.02% +0.00
VICI Vici Properties Inc. Add +1.8% 0.03% +0.00
CHCT Community Healthcare Trust I Add +1.4% 0.02% +0.00

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