Davis Selected Advisers (Christopher Davis) latest 13F portfolio: 112 holdings worth $21.8B as of Q1 2026.
Backtested since 2020: mirroring Davis Selected Advisers's reported 13F equity holdings each quarter would have returned +212.4% versus +185.2%for the S&P 500 (+20.1% annualized). See the Performance tab for the full equity curve.
Investor: Christopher Davis
Number of Assets: 112
Reporting Period: Q1 - 2026
Holdings at Report: $21,781,443,023
Return $ Since Report: +$3,478,011,418
Return % Since Report: +15.97%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Coterra Energy Inc. (CTRA) | Equity | +14.08% | 37,119,404 | 5.99% | $35.14 | $32.56 | $1,304,375,994 | $1,208,607,794 | -$95,768,200 | -7.34% |
| IAC Inc. (IAC) | Equity | -4.01% | 2,413,247 | 0.44% | $40.03 | $42.24 | $96,602,764 | $101,935,553 | +$5,332,789 | +5.52% |
| The Bank Of New York Mellon Corp. (BK) | Equity | +0.67% | 525,228 | 0.29% | $118.63 | $15.01 | $62,307,765 | $7,883,672 | -$54,424,093 | -87.35% |
| Adobe Inc. (ADBE) | Equity | +100% | 45,139 | 0.05% | $243.10 | $257.49 | $10,973,207 | $11,622,841 | +$649,634 | +5.92% |
| Alphabet Inc. (GOOG) | Equity | -4.69% | 677,607 | 0.89% | $286.86 | $375.35 | $194,380,010 | $254,339,787 | +$59,959,777 | +30.85% |
| Amazon.com Inc. (AMZN) | Equity | -0.12% | 3,425,252 | 3.28% | $208.27 | $277.42 | $713,380,223 | $950,233,410 | +$236,853,187 | +33.20% |
| American Express Company (AXP) | Equity | -3.55% | 233,126 | 0.32% | $302.48 | $346.71 | $70,516,043 | $80,827,115 | +$10,311,072 | +14.62% |
| American Homes 4 Rent (AMH) | Equity | -0.52% | 277,170 | 0.04% | $27.92 | $34.53 | $7,738,586 | $9,570,680 | +$1,832,094 | +23.67% |
| Agco Corp. (AGCO) | Equity | +1.85% | 2,086,643 | 1.11% | $115.87 | $107.20 | $241,781,462 | $223,688,130 | -$18,093,332 | -7.48% |
| Alphabet Inc. (GOOGL) | Equity | -0.77% | 3,094,659 | 4.09% | $287.56 | $377.65 | $889,903,016 | $1,168,697,971 | +$278,794,955 | +31.33% |
| Alexandria Real Estate Equities Inc. (ARE) | Equity | +1.50% | 180,807 | 0.04% | $46.42 | $48.87 | $8,393,061 | $8,836,038 | +$442,977 | +5.28% |
| American Tower Corp. (AMT) | Equity | +1.02% | 64,620 | 0.05% | $172.58 | $175.25 | $11,152,120 | $11,324,655 | +$172,535 | +1.55% |
| Angi inc Class A (ANGI) | Equity | 0% | 948,993 | 0.03% | $6.85 | $6.21 | $6,500,602 | $5,893,247 | -$607,355 | -9.34% |
| Applied Materials Inc. (AMAT) | Equity | -71.51% | 1,197,102 | 1.88% | $341.80 | $546.62 | $409,163,760 | $654,359,895 | +$245,196,135 | +59.93% |
| Applovin Corp. (APP) | Equity | +35.42% | 335,810 | 0.61% | $398.01 | $419.70 | $133,654,972 | $140,939,457 | +$7,284,485 | +5.45% |
| Avalonbay Communities Inc. (AVB) | Equity | +1.43% | 79,970 | 0.06% | $163.35 | $189.25 | $13,063,100 | $15,134,323 | +$2,071,223 | +15.86% |
| Bank Of America Corp. (BAC) | Equity | +0.81% | 1,159,204 | 0.26% | $48.75 | $62.90 | $56,511,195 | $72,913,932 | +$16,402,737 | +29.03% |
| The Bank Of N.T. Butterfield & Son Limited (NTB) | Equity | +1.84% | 1,073,129 | 0.26% | $52.48 | $62.11 | $56,317,810 | $66,652,042 | +$10,334,232 | +18.35% |
| Berkshire Hathaway Inc. (BRK-A) | Equity | -2.12% | 923 | 3.04% | $718,140.00 | $774,300.00 | $662,843,220 | $714,678,900 | +$51,835,680 | +7.82% |
| Berkshire Hathaway Inc. (BRK-B) | Equity | +1.35% | 749,846 | 1.65% | $479.21 | $517.22 | $359,336,086 | $387,835,348 | +$28,499,262 | +7.93% |
| Brixmor Property Group Inc. (BRX) | Equity | +1.30% | 563,170 | 0.07% | $28.80 | $31.18 | $16,219,296 | $17,559,641 | +$1,340,345 | +8.26% |
| Bxp Inc. (BXP) | Equity | +1.40% | 237,190 | 0.06% | $51.90 | $70.67 | $12,310,161 | $16,762,217 | +$4,452,056 | +36.17% |
| Camden Property Trust (CPT) | Equity | +1.24% | 88,010 | 0.04% | $97.66 | $111.03 | $8,595,057 | $9,771,750 | +$1,176,693 | +13.69% |
| Capital One Financial Corp. (COF) | Equity | -0.87% | 8,539,736 | 7.15% | $182.43 | $221.91 | $1,557,906,471 | $1,895,052,816 | +$337,146,345 | +21.64% |
| CBRE Group Inc. (CBRE) | Equity | +100% | 25,610 | 0.02% | $135.46 | $151.05 | $3,469,131 | $3,868,391 | +$399,260 | +11.51% |
| The Charles Schwab Corp. (SCHW) | Equity | +3.08% | 310,982 | 0.13% | $93.98 | $106.35 | $29,226,088 | $33,072,936 | +$3,846,848 | +13.16% |
| Chime Financial Inc. (CHYM) | Equity | +2.71% | 2,539,206 | 0.22% | $18.73 | $24.95 | $47,559,328 | $63,353,190 | +$15,793,862 | +33.21% |
| Chubb Limited (CB) | Equity | +0.74% | 1,195,391 | 1.79% | $325.93 | $348.30 | $389,618,110 | $416,354,685 | +$26,736,575 | +6.86% |
| Community Healthcare Trust Inc. (CHCT) | Equity | +1.38% | 330,040 | 0.02% | $15.89 | $17.71 | $5,244,336 | $5,845,008 | +$600,672 | +11.45% |
| ConocoPhillips (COP) | Equity | +4.31% | 1,875,428 | 1.14% | $132.00 | $117.94 | $247,558,331 | $221,187,978 | -$26,370,353 | -10.65% |
| The Cigna Group (CI) | Equity | +196.73% | 2,233,929 | 2.74% | $266.75 | $274.05 | $595,905,881 | $612,208,242 | +$16,302,361 | +2.74% |
| Copt Defense Properties (CDP) | Equity | +1.51% | 299,200 | 0.04% | $30.60 | $37.81 | $9,155,520 | $11,312,752 | +$2,157,232 | +23.56% |
| Cousins Properties Inc. (CUZ) | Equity | +17.38% | 586,465 | 0.06% | $22.57 | $30.91 | $13,236,515 | $18,127,633 | +$4,891,118 | +36.95% |
| Crown Castle Inc. (CCI) | Equity | -0.57% | 41,920 | 0.02% | $81.31 | $77.66 | $3,408,515 | $3,255,507 | -$153,008 | -4.49% |
| Everest Group Ltd. (EG) | Equity | +19.40% | 140,908 | 0.21% | $326.85 | $369.21 | $46,055,780 | $52,024,643 | +$5,968,863 | +12.96% |
| Extra Space Storage Inc. (EXR) | Equity | +0.64% | 28,135 | 0.02% | $131.13 | $149.86 | $3,689,343 | $4,216,311 | +$526,968 | +14.28% |
| Crown Holdings Inc. (CCK) | Equity | 0% | 8,570 | 0.00% | $100.25 | $121.66 | $859,143 | $1,042,626 | +$183,483 | +21.36% |
| Cubesmart (CUBE) | Equity | +1.47% | 92,270 | 0.02% | $36.65 | $41.88 | $3,381,696 | $3,864,268 | +$482,572 | +14.27% |
| CVS Health Corp. (CVS) | Equity | -4.08% | 12,239,666 | 4.04% | $71.82 | $104.42 | $879,053,606 | $1,278,065,924 | +$399,012,318 | +45.39% |
| Digital Realty Trust Inc. (DLR) | Equity | -0.47% | 78,880 | 0.07% | $180.21 | $193.89 | $14,214,965 | $15,294,043 | +$1,079,078 | +7.59% |
| Eastgroup Properties Inc. (EGP) | Equity | +1.43% | 52,370 | 0.04% | $185.09 | $204.17 | $9,693,163 | $10,692,383 | +$999,220 | +10.31% |
| Equity Residential (EQR) | Equity | +1.20% | 105,765 | 0.03% | $59.15 | $67.69 | $6,256,000 | $7,159,233 | +$903,233 | +14.44% |
| Essex Property Trust Inc. (ESS) | Equity | +1.51% | 16,761 | 0.02% | $242.00 | $287.21 | $4,056,162 | $4,813,927 | +$757,765 | +18.68% |
| Fermi INC (FRMI) | Equity | +100% | 305,730 | 0.01% | $5.84 | $6.31 | $1,785,463 | $1,929,156 | +$143,693 | +8.05% |
| Davis Select U.S. Equity ETF (DUSA) | Equity | +0.48% | 3,400,745 | 0.79% | $50.74 | $58.37 | $172,553,800 | $198,501,486 | +$25,947,686 | +15.04% |
| Davis Select Worldwide ETF (DWLD) | Equity | +0.95% | 1,935,585 | 0.39% | $43.81 | $49.14 | $84,797,995 | $95,114,647 | +$10,316,652 | +12.17% |
| Darling Ingredients Inc. (DAR) | Equity | -93.39% | 187,905 | 0.05% | $61.85 | $60.15 | $11,622,128 | $11,302,486 | -$319,642 | -2.75% |
| Davis Select Financial ETF (DFNL) | Equity | +0.01% | 2,130,666 | 0.44% | $44.84 | $52.46 | $95,539,059 | $111,774,738 | +$16,235,679 | +16.99% |
| Davis Select International ETF (DINT) | Equity | +0.60% | 3,915,748 | 0.48% | $26.91 | $30.48 | $105,392,349 | $119,332,420 | +$13,940,071 | +13.23% |
| Equinix Inc. (EQIX) | Equity | +2.17% | 21,223 | 0.10% | $980.24 | $1,051.53 | $20,803,634 | $22,316,621 | +$1,512,987 | +7.27% |
| Fiserv Inc. (FISV) | Equity | +3.50% | 588,885 | 0.15% | $55.80 | $55.78 | $32,859,783 | $32,848,005 | -$11,778 | -0.04% |
| Fifth Third Bancorp. (FITB) | Equity | +2.52% | 2,813,525 | 0.60% | $46.46 | $57.77 | $130,716,372 | $162,537,339 | +$31,820,967 | +24.34% |
| Full Truck Alliance Co. Ltd. (YMM) | Equity | +64.01% | 28,763,191 | 1.10% | $8.30 | $9.65 | $238,734,483 | $277,564,793 | +$38,830,310 | +16.27% |
| Healthpeak Properties Inc. (DOC) | Equity | +48.00% | 645,206 | 0.05% | $16.43 | $21.62 | $10,600,735 | $13,949,354 | +$3,348,619 | +31.59% |
| Hudson Pacific Properties inc (HPP) | Equity | -0.57% | 322,176 | 0.01% | $5.91 | $13.98 | $1,904,060 | $4,504,020 | +$2,599,960 | +136.55% |
| Ishares S&P 500 Value ETF (IVE) | Equity | -90.85% | 11,624 | 0.01% | $211.15 | $235.67 | $2,454,408 | $2,739,428 | +$285,020 | +11.61% |
| Janus Living inc (JAN) | Equity | +100% | 10,000 | 0.00% | $23.57 | $29.91 | $235,700 | $299,100 | +$63,400 | +26.90% |
| JBS NV (JBS) | Equity | +121.39% | 26,244,660 | 2.16% | $17.96 | $13.61 | $471,354,100 | $357,189,823 | -$114,164,277 | -24.22% |
| JD.com Inc. (JD) | Equity | -13.91% | 283,418 | 0.04% | $29.57 | $32.97 | $8,380,670 | $9,344,291 | +$963,621 | +11.50% |
| Markel Group Inc. (MKL) | Equity | -7.64% | 383,433 | 3.37% | $1,914.18 | $1,887.65 | $733,959,392 | $723,787,302 | -$10,172,090 | -1.39% |
| Meta Platforms Inc. (META) | Equity | -1.93% | 1,719,156 | 4.52% | $572.14 | $587.94 | $983,589,944 | $1,010,760,579 | +$27,170,635 | +2.76% |
| Noah Holdings Limited (NOAH) | Equity | 0% | 1,021,585 | 0.05% | $9.90 | $8.40 | $10,113,691 | $8,581,314 | -$1,532,377 | -15.15% |
| Public Storage (PSA) | Equity | -5.19% | 41,260 | 0.05% | $270.88 | $326.49 | $11,176,509 | $13,470,977 | +$2,294,468 | +20.53% |
| Regency Centers Corp. (REG) | Equity | +1.45% | 138,630 | 0.05% | $75.66 | $79.43 | $10,488,746 | $11,011,381 | +$522,635 | +4.98% |
| Oracle Corp. (ORCL) | Equity | +1.26% | 80,414 | 0.05% | $147.12 | $145.74 | $11,830,222 | $11,719,536 | -$110,686 | -0.94% |
| Loews Corp. (L) | Equity | +2.34% | 614,097 | 0.30% | $106.74 | $115.98 | $65,548,714 | $71,222,970 | +$5,674,256 | +8.66% |
| Lyondellbasell Industries N.V. (LYB) | Equity | +100% | 5,596,588 | 2.07% | $80.56 | $61.11 | $450,862,358 | $342,007,493 | -$108,854,865 | -24.14% |
| Nvidia Corp. (NVDA) | Equity | +2.27% | 113,556 | 0.09% | $174.40 | $211.94 | $19,804,679 | $24,067,059 | +$4,262,380 | +21.52% |
| Owens Corning (OC) | Equity | +2.66% | 2,100,935 | 1.04% | $108.22 | $145.53 | $227,364,957 | $305,749,071 | +$78,384,114 | +34.48% |
| Pinterest Inc. (PINS) | Equity | +5.07% | 12,400,101 | 1.04% | $18.34 | $25.58 | $227,418,012 | $317,194,584 | +$89,776,572 | +39.48% |
| The Pnc Financial Services Group Inc. (PNC) | Equity | +2.23% | 541,922 | 0.52% | $208.09 | $254.14 | $112,768,549 | $137,724,057 | +$24,955,508 | +22.13% |
| M&T Bank Corp. (MTB) | Equity | +7.98% | 60,305 | 0.06% | $206.72 | $253.06 | $12,466,250 | $15,260,783 | +$2,794,533 | +22.42% |
| MGM Resorts International (MGM) | Equity | -9.41% | 24,295,338 | 4.13% | $37.01 | $45.72 | $899,170,639 | $1,110,782,853 | +$211,612,214 | +23.53% |
| Microsoft Corp. (MSFT) | Equity | +29.09% | 78,489 | 0.13% | $370.18 | $492.81 | $29,055,340 | $38,680,164 | +$9,624,824 | +33.13% |
| KE Holdings Inc. (BEKE) | Equity | 0% | 1,851,804 | 0.13% | $14.97 | $17.14 | $27,721,505 | $31,739,921 | +$4,018,416 | +14.50% |
| Lam Research Corp. (LRCX) | Equity | -77.36% | 2,780 | 0.00% | $213.66 | $317.74 | $593,975 | $883,317 | +$289,342 | +48.71% |
| Mid-America Apartment Communities Inc. (MAA) | Equity | -19.13% | 48,020 | 0.03% | $122.12 | $133.21 | $5,864,202 | $6,396,744 | +$532,542 | +9.08% |
| Netease Inc. (NTES) | Equity | -0.81% | 422,712 | 0.22% | $111.94 | $130.60 | $47,318,692 | $55,206,187 | +$7,887,495 | +16.67% |
| Prologis Inc. (PLD) | Equity | +1.37% | 182,586 | 0.11% | $132.18 | $139.05 | $24,134,217 | $25,388,583 | +$1,254,366 | +5.20% |
| Quest Diagnostics Inc. (DGX) | Equity | +1.76% | 1,617,813 | 1.46% | $195.98 | $233.72 | $317,062,477 | $378,115,254 | +$61,052,777 | +19.26% |
| Realty Inc.Ome Corp. (O) | Equity | +3.85% | 94,910 | 0.03% | $61.18 | $62.90 | $5,806,594 | $5,969,839 | +$163,245 | +2.81% |
| Renaissancere Holdings Ltd. (RNR) | Equity | +11.95% | 257,190 | 0.35% | $297.23 | $321.75 | $76,444,584 | $82,750,883 | +$6,306,298 | +8.25% |
| Johnson Controls International PLC (JCI) | Equity | -7.66% | 193,880 | 0.12% | $130.95 | $153.62 | $25,389,044 | $29,783,846 | +$4,394,802 | +17.31% |
| Jones Lang Lasalle Inc. (JLL) | Equity | +100% | 12,395 | 0.02% | $304.32 | $367.86 | $3,772,046 | $4,559,625 | +$787,579 | +20.88% |
| JP Morgan Chase & Co. (JPM) | Equity | -2.65% | 556,452 | 0.75% | $294.16 | $357.52 | $163,685,995 | $198,942,719 | +$35,256,724 | +21.54% |
| Restaurant Brands International Inc. (QSR) | Equity | -10.49% | 3,599,127 | 1.22% | $73.90 | $73.88 | $265,976,460 | $265,903,503 | -$72,957 | -0.03% |
| Rexford Industrial Realty Inc. (REXR) | Equity | -39.21% | 209,610 | 0.03% | $32.73 | $37.00 | $6,860,535 | $7,755,570 | +$895,035 | +13.05% |
| Rocket Companies Inc. (RKT) | Equity | +49.43% | 4,823,570 | 0.32% | $14.25 | $14.11 | $68,735,873 | $68,060,573 | -$675,300 | -0.98% |
| SAP SE (SAP) | Equity | +463.33% | 317,422 | 0.25% | $171.21 | $195.49 | $54,346,905 | $62,052,827 | +$7,705,922 | +14.18% |
| Sea Limited (SE) | Equity | +323.75% | 1,849,831 | 0.70% | $82.81 | $111.44 | $153,184,692 | $206,145,167 | +$52,960,475 | +34.57% |
| Simon Property Group Inc. (SPG) | Equity | -23.76% | 50,458 | 0.04% | $186.53 | $225.90 | $9,411,931 | $11,398,462 | +$1,986,531 | +21.11% |
| Solventum Corp. (SOLV) | Equity | +1.77% | 6,330,325 | 1.90% | $65.30 | $87.94 | $413,371,240 | $556,688,781 | +$143,317,541 | +34.67% |
| State Street Corp. (STT) | Equity | +5.86% | 152,200 | 0.09% | $126.56 | $185.23 | $19,262,432 | $28,192,006 | +$8,929,574 | +46.36% |
| Sun Communities Inc. (SUI) | Equity | +1.38% | 43,430 | 0.03% | $125.96 | $121.67 | $5,470,443 | $5,284,128 | -$186,315 | -3.41% |
| Ventas Inc. (VTR) | Equity | -0.47% | 113,870 | 0.04% | $81.78 | $90.85 | $9,312,289 | $10,345,090 | +$1,032,801 | +11.09% |
| Wells Fargo & Company (WFC) | Equity | -0.81% | 8,190,871 | 2.99% | $79.61 | $88.39 | $652,075,858 | $723,991,088 | +$71,915,230 | +11.03% |
| Wesco International Inc. (WCC) | Equity | +4.53% | 381,007 | 0.48% | $273.62 | $374.10 | $104,251,891 | $142,534,719 | +$38,282,828 | +36.72% |
| U.S. Bancorp. (USB) | Equity | +0.89% | 22,237,960 | 5.31% | $52.01 | $64.23 | $1,156,596,507 | $1,428,344,171 | +$271,747,664 | +23.50% |
| UnitedHealth Group Inc. (UNH) | Equity | -2.04% | 1,247,476 | 1.55% | $270.59 | $407.55 | $337,558,972 | $508,408,844 | +$170,849,872 | +50.61% |
| Vale S.A. (VALE) | Equity | 0% | 2,931,198 | 0.21% | $15.91 | $14.83 | $46,635,360 | $43,469,666 | -$3,165,694 | -6.79% |
| Sunstone Hotel Investors Inc. (SHO) | Equity | -30.47% | 889,720 | 0.04% | $9.01 | $11.61 | $8,016,377 | $10,329,649 | +$2,313,272 | +28.86% |
| Viatris Inc. (VTRS) | Equity | +0.04% | 78,211,191 | 4.85% | $13.51 | $17.70 | $1,056,633,206 | $1,384,338,081 | +$327,704,875 | +31.01% |
| Vici Properties Inc. (VICI) | Equity | +1.82% | 220,180 | 0.03% | $27.32 | $26.59 | $6,015,318 | $5,854,586 | -$160,732 | -2.67% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | 0% | 7,200 | 0.01% | $337.95 | $417.17 | $2,433,240 | $3,003,624 | +$570,384 | +23.44% |
| Teck Resources Limited (TECK) | Equity | -11.94% | 10,584,663 | 2.51% | $51.75 | $64.74 | $547,756,837 | $685,251,083 | +$137,494,246 | +25.10% |
| Terreno Realty Corp. (TRNO) | Equity | -3.76% | 113,507 | 0.03% | $61.42 | $70.36 | $6,971,600 | $7,986,353 | +$1,014,753 | +14.56% |
| Texas Instruments Inc. (TXN) | Equity | -0.12% | 2,849,671 | 2.54% | $194.14 | $283.63 | $553,237,789 | $808,252,186 | +$255,014,397 | +46.09% |
| Trip.Com Group Limited (TCOM) | Equity | +29.72% | 6,555,112 | 1.50% | $49.79 | $46.84 | $326,379,074 | $307,041,446 | -$19,337,628 | -5.92% |
| Truist Financial Corp. (TFC) | Equity | +17.05% | 224,805 | 0.05% | $45.97 | $52.66 | $10,334,286 | $11,838,231 | +$1,503,945 | +14.55% |
| Tyson Foods Inc. (TSN) | Equity | +2.05% | 13,090,689 | 3.85% | $64.07 | $58.74 | $838,721,144 | $768,947,072 | -$69,774,072 | -8.32% |
| Synopsys Inc. (SNPS) | Equity | +199.40% | 25,913 | 0.05% | $396.53 | $403.86 | $10,275,383 | $10,465,224 | +$189,841 | +1.85% |
| Douglas Emmett Inc. (DEI) | Equity | -0.50% | 308,250 | 0.01% | $9.42 | $11.96 | $2,903,715 | $3,686,670 | +$782,955 | +26.96% |