Davis Selected Advisers
Long book
$21.78B
Q1 2026
Positions
112
Top-10 weight
47%
concentration
Last quarter
+15.0%
SPY +14.8%
Turnover
7%
of book per quarter
Strategy in plain words
auto-generated from filingsDavis Selected Advisers is a diversified fundamental manager, running a $21.78B US long book across 112 positions.
The portfolio is moderately concentrated (top 10 ≈ 47% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: CAPITAL ONE FINANCIAL CORP, COTERRA ENERGY INC, US BANCORP, VIATRIS INC, META PLATFORMS INC-CLASS A.
Over the last 9 quarters its long book ran on average 0.1pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.8%
Q2 2024
+4.8%
Q3 2024
+0.5%
Q4 2024
+0.2%
Q1 2025
+8.8%
Q2 2025
+5.2%
Q3 2025
+6.9%
Q4 2025
-2.6%
Q1 2026
+15.0%
Sector allocation
Financials 37%
Technology 18%
Healthcare 13%
Other 9%
Consumer staples 7%
Consumer discretionary 5%
Services media 5%
Materials 3%
Long book by quarter
What does Davis Selected own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| COF CAPITAL ONE FINANCIAL CORP | Financials | 8.5M | $1.56B | 7.2% | -0.9% |
| CTRA COTERRA ENERGY INC | — | 37.1M | $1.30B | 6.0% | +14.1% |
| USB US BANCORP | Financials | 22.2M | $1.16B | 5.3% | +0.9% |
| VTRS VIATRIS INC | Healthcare | 78.2M | $1.06B | 4.9% | 0.0% |
| META META PLATFORMS INC-CLASS A | Technology | 1.7M | $983.6M | 4.5% | -1.9% |
| MGM MGM RESORTS INTERNATIONAL | Services media | 24.3M | $899.2M | 4.1% | -9.4% |
| GOOGL ALPHABET INC-CL A | Technology | 3.1M | $889.9M | 4.1% | -0.8% |
| CVS CVS HEALTH CORP | Healthcare | 12.2M | $879.1M | 4.0% | -4.1% |
| TSN TYSON FOODS INC-CL A | Consumer staples | 13.1M | $838.7M | 3.9% | +2.1% |
| MKL MARKEL GROUP INC | Financials | 383.4K | $734.0M | 3.4% | -7.6% |
| AMZN AMAZON.COM INC | Consumer discretionary | 3.4M | $713.4M | 3.3% | -0.1% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 923 | $662.8M | 3.0% | -2.1% |
| WFC WELLS FARGO & CO | Financials | 8.2M | $652.1M | 3.0% | -0.8% |
| CI THE CIGNA GROUP | Financials | 2.2M | $595.9M | 2.7% | +196.7% |
| TXN TEXAS INSTRUMENTS INC | Technology | 2.8M | $553.2M | 2.5% | -0.1% |
| TECK TECK RESOURCES LTD-CLS B | Materials | 10.6M | $547.8M | 2.5% | -11.9% |
| JBS JBS NV-A | Consumer staples | 26.2M | $471.4M | 2.2% | +121.4% |
| LYB LYONDELLBASELL INDU-CL A | Other | 5.6M | $450.9M | 2.1% | New |
| SOLV SOLVENTUM CORP | Healthcare | 6.3M | $413.4M | 1.9% | +1.8% |
| AMAT APPLIED MATERIALS INC | Technology | 1.2M | $409.2M | 1.9% | -71.5% |
| CB CHUBB LTD | Financials | 1.2M | $389.6M | 1.8% | +0.7% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 749.8K | $359.3M | 1.6% | +1.3% |
| UNH UNITEDHEALTH GROUP INC | Financials | 1.2M | $337.6M | 1.5% | -2.0% |
| DGX QUEST DIAGNOSTICS INC | Healthcare | 1.6M | $317.1M | 1.5% | +1.8% |
| QSR RESTAURANT BRANDS INTERN | Consumer discretionary | 3.6M | $266.0M | 1.2% | -10.5% |
| COP CONOCOPHILLIPS | Energy | 1.9M | $247.6M | 1.1% | +4.3% |
| AGCO AGCO CORP | Industrials | 2.1M | $241.8M | 1.1% | +1.8% |
| PINS PINTEREST INC- CLASS A | Technology | 12.4M | $227.4M | 1.0% | +5.1% |
| OC OWENS CORNING | Industrials | 2.1M | $227.4M | 1.0% | +2.7% |
| GOOG ALPHABET INC-CL C | Technology | 677.6K | $194.4M | 0.9% | -4.7% |
| JPM JPMORGAN CHASE & CO | Financials | 556.5K | $163.7M | 0.8% | -2.6% |
| APP APPLOVIN CORP-CLASS A | Technology | 335.8K | $133.7M | 0.6% | +35.4% |
| FITB FIFTH THIRD BANCORP | Financials | 2.8M | $130.7M | 0.6% | +2.5% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 541.9K | $112.8M | 0.5% | +2.2% |
| WCC WESCO INTERNATIONAL INC | Consumer discretionary | 381.0K | $104.3M | 0.5% | +4.5% |
| PPLI PEOPLE INC | Technology | 2.4M | $96.6M | 0.4% | -4.0% |
| RNR RENAISSANCERE HOLDINGS LTD | Financials | 257.2K | $76.4M | 0.4% | +11.9% |
| AXP AMERICAN EXPRESS CO | Financials | 233.1K | $70.5M | 0.3% | -3.5% |
| RKT ROCKET COS INC-CLASS A | Financials | 4.8M | $68.7M | 0.3% | +49.4% |
| L LOEWS CORP | Financials | 614.1K | $65.5M | 0.3% | +2.3% |
| BNY BANK OF NEW YORK MELLON CORP | Financials | 525.2K | $62.3M | 0.3% | +0.7% |
| BAC BANK OF AMERICA CORP | Financials | 1.2M | $56.5M | 0.3% | +0.8% |
| NTB BANK OF N.T. BUTTERFIELD&SON | Financials | 1.1M | $56.3M | 0.3% | +1.8% |
| CHYM CHIME FINANCIAL INC-CL A | Financials | 2.5M | $47.6M | 0.2% | +2.7% |
| EG EVEREST GROUP LTD | Financials | 140.9K | $46.1M | 0.2% | +19.4% |
| FISV FISERV INC | Services media | 588.9K | $32.9M | 0.2% | +3.5% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 311.0K | $29.2M | 0.1% | +3.1% |
| MSFT MICROSOFT CORP | Technology | 78.5K | $29.1M | 0.1% | +29.1% |
| JCI JOHNSON CONTROLS INTERNATION | Industrials | 193.9K | $25.4M | 0.1% | -7.7% |
| NVDA NVIDIA CORP | Technology | 113.6K | $19.8M | 0.1% | +2.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 112 | $21.78B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 2, 2026 | 108 | $22.25B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR/ARESTATEMENT | Dec 29, 2025 | 107 | $19.15B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 107 | $19.15B | SEC ↗ | |
| Q2 2025 | 13F-HR | Aug 8, 2025 | 107 | $18.70B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 104 | $17.35B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 7, 2025 | 100 | $17.21B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 8, 2024 | 102 | $17.83B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 7, 2024 | 102 | $17.22B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR/ARESTATEMENT | May 14, 2024 | 98 | $17.84B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 98 | $17.84B | SEC ↗ |
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