Davis Selected Advisers (Christopher Davis) latest 13F portfolio: 112 holdings worth $23.3B as of Q2 2026.
Backtested since 2020: mirroring Davis Selected Advisers's reported 13F equity holdings each quarter would have returned +197.5% versus +182.3%for the S&P 500 (+18.8% annualized). See the Performance tab for the full equity curve.
Investor: Christopher Davis
Number of Assets: 112
Reporting Period: Q2 - 2026
Holdings at Report: $23,289,545,492
Return $ Since Report: -$60,654,338
Return % Since Report: -0.26%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| IAC Inc. (IAC) | Equity | -0.80% | 2,394,024 | 0.47% | $46.16 | $42.24 | $110,507,409 | $101,123,574 | -$9,383,835 | -8.49% |
| Avalonbay Communities Inc. (AVB) | Equity | -25.11% | 59,890 | 0.05% | $188.69 | $184.06 | $11,300,644 | $11,023,353 | -$277,291 | -2.45% |
| The Bank Of New York Mellon Corp. (BK) | Equity | -30.23% | 366,448 | 0.23% | $144.61 | $15.01 | $52,992,003 | $5,500,384 | -$47,491,619 | -89.62% |
| Adobe Inc. (ADBE) | Equity | +50.41% | 67,894 | 0.06% | $205.16 | $248.92 | $13,929,293 | $16,900,174 | +$2,970,881 | +21.33% |
| Amazon.com Inc. (AMZN) | Equity | +24.84% | 4,276,176 | 4.38% | $238.35 | $253.71 | $1,019,230,487 | $1,084,908,613 | +$65,678,126 | +6.44% |
| Applied Materials Inc. (AMAT) | Equity | -91.44% | 102,521 | 0.32% | $722.52 | $444.57 | $74,073,702 | $45,577,761 | -$28,495,941 | -38.47% |
| Camden Property Trust (CPT) | Equity | -2.15% | 86,120 | 0.04% | $114.49 | $99.12 | $9,859,879 | $8,536,214 | -$1,323,665 | -13.42% |
| Agco Corp. (AGCO) | Equity | -1.35% | 2,058,488 | 1.06% | $119.68 | $119.79 | $246,362,363 | $246,586,278 | +$223,915 | +0.09% |
| American Express Company (AXP) | Equity | -10.00% | 209,821 | 0.30% | $338.25 | $311.56 | $70,971,938 | $65,371,831 | -$5,600,107 | -7.89% |
| Applovin Corp. (APP) | Equity | -6.04% | 315,539 | 0.70% | $515.69 | $308.06 | $162,719,473 | $97,204,944 | -$65,514,529 | -40.26% |
| Berkshire Hathaway Inc. (BRK-A) | Equity | -5.96% | 868 | 2.79% | $748,859.91 | $763,600.00 | $650,010,400 | $662,804,800 | +$12,794,400 | +1.97% |
| Capital One Financial Corp. (COF) | Equity | -3.15% | 8,270,946 | 7.13% | $200.63 | $202.43 | $1,659,420,488 | $1,674,287,599 | +$14,867,111 | +0.90% |
| The Cigna Group (CI) | Equity | +0.87% | 2,253,424 | 2.67% | $275.69 | $275.28 | $621,243,564 | $620,322,559 | -$921,005 | -0.15% |
| Alexandria Real Estate Equities Inc. (ARE) | Equity | -55.50% | 80,467 | 0.02% | $52.85 | $53.30 | $4,252,681 | $4,288,891 | +$36,210 | +0.85% |
| American Homes 4 Rent (AMH) | Equity | +17.47% | 325,590 | 0.05% | $33.52 | $31.02 | $10,913,777 | $10,099,802 | -$813,975 | -7.46% |
| Berkshire Hathaway Inc. (BRK-B) | Equity | -1.52% | 738,433 | 1.59% | $500.40 | $509.77 | $369,514,455 | $376,430,990 | +$6,916,535 | +1.87% |
| CBRE Group Inc. (CBRE) | Equity | -0.86% | 25,390 | 0.01% | $134.69 | $139.50 | $3,419,779 | $3,541,905 | +$122,126 | +3.57% |
| Community Healthcare Trust Inc. (CHCT) | Equity | -2.17% | 322,890 | 0.03% | $18.28 | $14.17 | $5,902,429 | $4,575,351 | -$1,327,078 | -22.48% |
| Cubesmart (CUBE) | Equity | -2.16% | 90,280 | 0.02% | $39.77 | $39.55 | $3,590,436 | $3,570,574 | -$19,862 | -0.55% |
| Davis Select U.S. Equity ETF (DUSA) | Equity | 0% | 3,400,745 | 0.82% | $56.18 | $55.94 | $191,053,853 | $190,237,675 | -$816,178 | -0.43% |
| Eastgroup Properties Inc. (EGP) | Equity | -2.18% | 51,230 | 0.04% | $202.53 | $202.37 | $10,375,612 | $10,367,415 | -$8,197 | -0.08% |
| Extra Space Storage Inc. (EXR) | Equity | -2.13% | 27,535 | 0.02% | $145.30 | $136.71 | $4,000,836 | $3,764,310 | -$236,526 | -5.91% |
| Healthpeak Properties Inc. (DOC) | Equity | -2.20% | 631,026 | 0.06% | $21.40 | $20.33 | $13,503,956 | $12,828,759 | -$675,197 | -5.00% |
| JD.com Inc. (JD) | Equity | -0.05% | 283,280 | 0.03% | $25.48 | $26.92 | $7,217,974 | $7,625,898 | +$407,924 | +5.65% |
| Lam Research Corp. (LRCX) | Equity | 0% | 2,780 | 0.01% | $433.33 | $288.11 | $1,204,657 | $800,946 | -$403,711 | -33.51% |
| Meta Platforms Inc. (META) | Equity | -4.13% | 1,648,172 | 3.99% | $563.49 | $665.75 | $928,729,727 | $1,097,270,509 | +$168,540,782 | +18.15% |
| Noah Holdings Limited (NOAH) | Equity | -5.59% | 964,486 | 0.04% | $9.99 | $8.10 | $9,635,215 | $7,812,337 | -$1,822,878 | -18.92% |
| Pinterest Inc. (PINS) | Equity | +1.41% | 12,574,721 | 1.14% | $21.03 | $18.60 | $264,483,320 | $233,889,811 | -$30,593,509 | -11.57% |
| Realty Inc.Ome Corp. (O) | Equity | -2.31% | 92,720 | 0.02% | $61.96 | $56.66 | $5,744,931 | $5,253,515 | -$491,416 | -8.55% |
| Rocket Companies Inc. (RKT) | Equity | -7.47% | 4,463,148 | 0.30% | $15.75 | $12.29 | $70,294,581 | $54,852,089 | -$15,442,492 | -21.97% |
| Solventum Corp. (SOLV) | Equity | -0.36% | 6,307,729 | 2.09% | $77.16 | $88.84 | $486,686,122 | $560,378,644 | +$73,692,522 | +15.14% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | -44.72% | 3,980 | 0.01% | $477.57 | $434.67 | $1,900,729 | $1,729,987 | -$170,742 | -8.98% |
| Truist Financial Corp. (TFC) | Equity | -7.30% | 208,391 | 0.04% | $49.82 | $48.56 | $10,382,040 | $10,119,467 | -$262,573 | -2.53% |
| Ventas Inc. (VTR) | Equity | -2.15% | 111,420 | 0.04% | $88.80 | $86.69 | $9,894,096 | $9,659,000 | -$235,096 | -2.38% |
| Alphabet Inc. (GOOGL) | Equity | -5.09% | 2,937,160 | 4.51% | $357.38 | $349.54 | $1,049,690,448 | $1,026,654,906 | -$23,035,542 | -2.19% |
| American Tower Corp. (AMT) | Equity | -2.12% | 63,250 | 0.04% | $163.57 | $173.98 | $10,345,803 | $11,004,235 | +$658,432 | +6.36% |
| Bank Of America Corp. (BAC) | Equity | -14.36% | 992,776 | 0.24% | $56.98 | $57.73 | $56,568,376 | $57,312,958 | +$744,582 | +1.32% |
| Brixmor Property Group Inc. (BRX) | Equity | -15.27% | 477,150 | 0.06% | $31.53 | $28.03 | $15,044,540 | $13,374,515 | -$1,670,025 | -11.10% |
| The Charles Schwab Corp. (SCHW) | Equity | -6.79% | 289,871 | 0.11% | $92.27 | $105.25 | $26,746,397 | $30,508,923 | +$3,762,526 | +14.07% |
| ConocoPhillips (COP) | Equity | +0.11% | 1,877,583 | 0.84% | $103.96 | $131.83 | $195,190,301 | $247,521,767 | +$52,331,466 | +26.81% |
| CVS Health Corp. (CVS) | Equity | -3.05% | 11,865,916 | 5.27% | $103.46 | $88.84 | $1,227,594,458 | $1,054,167,977 | -$173,426,481 | -14.13% |
| Davis Select Worldwide ETF (DWLD) | Equity | 0% | 1,935,585 | 0.38% | $46.24 | $45.71 | $89,501,467 | $88,475,590 | -$1,025,877 | -1.15% |
| Equinix Inc. (EQIX) | Equity | -9.00% | 19,313 | 0.09% | $1,042.39 | $1,021.34 | $20,131,678 | $19,725,139 | -$406,539 | -2.02% |
| Fermi INC (FRMI) | Equity | +47.65% | 451,400 | 0.02% | $9.16 | $4.98 | $4,134,824 | $2,247,972 | -$1,886,852 | -45.63% |
| Hudson Pacific Properties inc (HPP) | Equity | -2.15% | 315,236 | 0.02% | $15.19 | $11.51 | $4,788,435 | $3,628,366 | -$1,160,069 | -24.23% |
| Johnson Controls International PLC (JCI) | Equity | -27.06% | 141,422 | 0.09% | $146.08 | $143.28 | $20,659,045 | $20,262,944 | -$396,101 | -1.92% |
| Loews Corp. (L) | Equity | -11.22% | 545,211 | 0.27% | $113.21 | $107.77 | $61,723,337 | $58,757,389 | -$2,965,948 | -4.81% |
| MGM Resorts International (MGM) | Equity | -1.61% | 23,903,317 | 4.91% | $47.81 | $37.81 | $1,142,790,561 | $903,784,416 | -$239,006,145 | -20.91% |
| Nvidia Corp. (NVDA) | Equity | +36.26% | 154,727 | 0.13% | $200.03 | $222.27 | $30,950,161 | $34,391,170 | +$3,441,009 | +11.12% |
| The Pnc Financial Services Group Inc. (PNC) | Equity | -8.46% | 496,066 | 0.52% | $246.22 | $233.17 | $122,141,371 | $115,667,709 | -$6,473,662 | -5.30% |
| Regency Centers Corp. (REG) | Equity | -16.08% | 116,340 | 0.04% | $79.74 | $72.95 | $9,276,952 | $8,487,003 | -$789,949 | -8.52% |
| SAP SE (SAP) | Equity | -80.93% | 60,529 | 0.04% | $154.21 | $209.45 | $9,334,420 | $12,677,799 | +$3,343,379 | +35.82% |
| State Street Corp. (STT) | Equity | -2.78% | 147,966 | 0.11% | $169.60 | $182.87 | $25,095,034 | $27,058,542 | +$1,963,508 | +7.82% |
| Teck Resources Limited (TECK) | Equity | -20.98% | 8,363,497 | 2.14% | $59.46 | $65.52 | $497,288,923 | $547,976,323 | +$50,687,400 | +10.19% |
| Tyson Foods Inc. (TSN) | Equity | -3.34% | 12,653,717 | 3.11% | $57.25 | $52.77 | $724,483,355 | $667,736,646 | -$56,746,709 | -7.83% |
| Viatris Inc. (VTRS) | Equity | -3.81% | 75,232,254 | 5.13% | $15.88 | $16.95 | $1,194,789,797 | $1,275,186,705 | +$80,396,908 | +6.73% |
| Alphabet Inc. (GOOG) | Equity | -16.73% | 564,274 | 0.86% | $353.36 | $344.41 | $199,394,651 | $194,341,608 | -$5,053,043 | -2.53% |
| Angi inc Class A (ANGI) | Equity | -1.72% | 932,653 | 0.02% | $5.95 | $5.30 | $5,549,285 | $4,943,061 | -$606,224 | -10.92% |
| The Bank Of N.T. Butterfield & Son Limited (NTB) | Equity | -5.68% | 1,012,140 | 0.26% | $59.50 | $59.41 | $60,222,331 | $60,131,237 | -$91,094 | -0.15% |
| Bxp Inc. (BXP) | Equity | -2.17% | 232,050 | 0.07% | $66.31 | $63.17 | $15,387,236 | $14,658,599 | -$728,637 | -4.74% |
| Chime Financial Inc. (CHYM) | Equity | -8.17% | 2,331,776 | 0.21% | $20.48 | $30.33 | $47,754,772 | $70,722,766 | +$22,967,994 | +48.10% |
| Copt Defense Properties (CDP) | Equity | -2.17% | 292,700 | 0.05% | $36.39 | $34.38 | $10,651,353 | $10,063,026 | -$588,327 | -5.52% |
| Darling Ingredients Inc. (DAR) | Equity | -9.08% | 170,846 | 0.04% | $54.67 | $65.36 | $9,339,954 | $11,166,495 | +$1,826,541 | +19.56% |
| Devon Energy Corp. (DVN) | Equity | +100% | 25,297,991 | 4.49% | $41.32 | $48.61 | $1,045,194,009 | $1,229,735,343 | +$184,541,334 | +17.66% |
| Fifth Third Bancorp. (FITB) | Equity | -4.60% | 2,684,183 | 0.65% | $56.37 | $52.91 | $151,307,396 | $142,020,123 | -$9,287,273 | -6.14% |
| Ishares S&P 500 Value ETF (IVE) | Equity | -71.71% | 3,288 | 0.00% | $227.06 | $231.89 | $746,573 | $762,454 | +$15,881 | +2.13% |
| Jones Lang Lasalle Inc. (JLL) | Equity | -0.81% | 12,295 | 0.02% | $309.95 | $336.38 | $3,810,835 | $4,135,792 | +$324,957 | +8.53% |
| Lyondellbasell Industries N.V. (LYB) | Equity | +55.43% | 8,698,852 | 1.97% | $52.65 | $61.93 | $457,993,661 | $538,719,904 | +$80,726,243 | +17.63% |
| Microsoft Corp. (MSFT) | Equity | +18.45% | 92,973 | 0.15% | $373.28 | $493.78 | $34,704,890 | $45,908,208 | +$11,203,318 | +32.28% |
| Oracle Corp. (ORCL) | Equity | -6.83% | 74,923 | 0.05% | $146.47 | $147.61 | $10,974,177 | $11,059,384 | +$85,207 | +0.78% |
| Prologis Inc. (PLD) | Equity | -2.21% | 178,556 | 0.10% | $135.47 | $134.84 | $24,188,981 | $24,076,491 | -$112,490 | -0.47% |
| Renaissancere Holdings Ltd. (RNR) | Equity | -8.81% | 234,528 | 0.32% | $316.90 | $327.12 | $74,321,923 | $76,718,799 | +$2,396,876 | +3.22% |
| Sba Communications Corp. (SBAC) | Equity | +100% | 40,700 | 0.03% | $176.46 | $178.59 | $7,181,922 | $7,268,613 | +$86,691 | +1.21% |
| Sun Communities Inc. (SUI) | Equity | -2.19% | 42,480 | 0.02% | $119.91 | $113.75 | $5,093,777 | $4,832,100 | -$261,677 | -5.14% |
| Terreno Realty Corp. (TRNO) | Equity | -2.18% | 111,037 | 0.03% | $64.77 | $65.75 | $7,191,866 | $7,300,683 | +$108,817 | +1.51% |
| U.S. Bancorp. (USB) | Equity | -3.53% | 21,453,510 | 5.56% | $60.41 | $60.06 | $1,295,909,823 | $1,288,497,811 | -$7,412,012 | -0.57% |
| Vici Properties Inc. (VICI) | Equity | -2.19% | 215,360 | 0.02% | $26.55 | $23.72 | $5,717,808 | $5,108,339 | -$609,469 | -10.66% |
| Chubb Limited (CB) | Equity | -3.96% | 1,148,090 | 1.68% | $340.77 | $340.64 | $391,231,100 | $391,085,378 | -$145,722 | -0.04% |
| Cousins Properties Inc. (CUZ) | Equity | -2.19% | 573,605 | 0.07% | $29.98 | $28.29 | $17,196,678 | $16,227,285 | -$969,393 | -5.64% |
| Davis Select Financial ETF (DFNL) | Equity | 0% | 2,130,666 | 0.45% | $49.36 | $49.99 | $105,180,322 | $106,511,993 | +$1,331,671 | +1.27% |
| Digital Realty Trust Inc. (DLR) | Equity | -7.10% | 73,280 | 0.06% | $179.58 | $182.12 | $13,159,622 | $13,345,754 | +$186,132 | +1.41% |
| Essex Property Trust Inc. (ESS) | Equity | +70.04% | 28,501 | 0.04% | $291.59 | $270.05 | $8,310,607 | $7,696,695 | -$613,912 | -7.39% |
| Fiserv Inc. (FISV) | Equity | -8.33% | 539,839 | 0.11% | $49.05 | $47.19 | $26,479,103 | $25,475,002 | -$1,004,101 | -3.79% |
| Janus Living inc (JAN) | Equity | +250.00% | 35,000 | 0.00% | $28.74 | $30.34 | $1,005,900 | $1,061,900 | +$56,000 | +5.57% |
| JP Morgan Chase & Co. (JPM) | Equity | -14.39% | 476,389 | 0.67% | $327.33 | $349.67 | $155,936,320 | $166,578,942 | +$10,642,622 | +6.82% |
| M&T Bank Corp. (MTB) | Equity | -3.70% | 58,072 | 0.06% | $238.01 | $227.31 | $13,821,717 | $13,200,346 | -$621,371 | -4.50% |
| Mid-America Apartment Communities Inc. (MAA) | Equity | -54.39% | 21,900 | 0.01% | $138.94 | $118.93 | $3,042,786 | $2,604,567 | -$438,219 | -14.40% |
| Owens Corning (OC) | Equity | -0.94% | 2,081,213 | 1.42% | $158.90 | $123.90 | $330,714,230 | $257,862,291 | -$72,851,939 | -22.03% |
| Public Storage (PSA) | Equity | -8.53% | 37,740 | 0.05% | $318.31 | $296.31 | $12,013,019 | $11,182,739 | -$830,280 | -6.91% |
| Restaurant Brands International Inc. (QSR) | Equity | -22.19% | 2,800,345 | 0.87% | $72.51 | $72.88 | $203,046,140 | $204,089,144 | +$1,043,004 | +0.51% |
| Sea Limited (SE) | Equity | +8.76% | 2,011,812 | 0.83% | $95.83 | $101.79 | $192,792,171 | $204,782,343 | +$11,990,172 | +6.22% |
| Sunstone Hotel Investors Inc. (SHO) | Equity | -2.20% | 870,120 | 0.04% | $11.45 | $11.04 | $9,962,874 | $9,606,125 | -$356,749 | -3.58% |
| Texas Instruments Inc. (TXN) | Equity | -14.46% | 2,437,486 | 3.12% | $298.07 | $266.64 | $726,548,835 | $649,931,267 | -$76,617,568 | -10.55% |
| UnitedHealth Group Inc. (UNH) | Equity | +2.18% | 1,274,650 | 2.28% | $415.67 | $376.90 | $529,839,298 | $480,415,585 | -$49,423,713 | -9.33% |
| Wells Fargo & Company (WFC) | Equity | -2.22% | 8,008,728 | 2.84% | $82.65 | $86.12 | $661,900,943 | $689,711,655 | +$27,810,712 | +4.20% |
| Crown Holdings Inc. (CCK) | Equity | -36.17% | 5,470 | 0.00% | $111.82 | $109.20 | $611,655 | $597,324 | -$14,331 | -2.34% |
| Davis Select International ETF (DINT) | Equity | 0% | 3,915,748 | 0.48% | $28.50 | $28.61 | $111,598,809 | $112,009,972 | +$411,163 | +0.37% |
| Douglas Emmett Inc. (DEI) | Equity | -2.16% | 301,580 | 0.02% | $11.80 | $10.25 | $3,558,644 | $3,091,195 | -$467,449 | -13.14% |
| Everest Group Ltd. (EG) | Equity | -10.28% | 126,423 | 0.19% | $357.23 | $374.85 | $45,162,088 | $47,389,662 | +$2,227,574 | +4.93% |
| Full Truck Alliance Co. Ltd. (YMM) | Equity | -3.91% | 27,639,082 | 0.96% | $8.12 | $8.13 | $224,429,344 | $224,705,737 | +$276,393 | +0.12% |
| JBS NV (JBS) | Equity | +90.58% | 50,016,236 | 2.54% | $11.85 | $11.96 | $592,692,397 | $598,194,183 | +$5,501,786 | +0.93% |
| KE Holdings Inc. (BEKE) | Equity | -0.06% | 1,850,782 | 0.12% | $14.53 | $16.28 | $26,891,862 | $30,130,731 | +$3,238,869 | +12.04% |
| Markel Group Inc. (MKL) | Equity | +6.08% | 406,759 | 3.41% | $1,953.00 | $1,776.33 | $794,400,127 | $722,538,214 | -$71,861,913 | -9.05% |
| Netease Inc. (NTES) | Equity | +45.01% | 612,955 | 0.34% | $128.14 | $116.19 | $78,544,448 | $71,219,241 | -$7,325,207 | -9.33% |
| Quest Diagnostics Inc. (DGX) | Equity | -3.84% | 1,555,612 | 1.42% | $211.99 | $246.45 | $329,781,509 | $383,380,577 | +$53,599,068 | +16.25% |
| Rexford Industrial Realty Inc. (REXR) | Equity | -8.42% | 191,960 | 0.03% | $33.50 | $38.39 | $6,430,660 | $7,369,344 | +$938,684 | +14.60% |
| Simon Property Group Inc. (SPG) | Equity | -2.26% | 49,318 | 0.05% | $223.65 | $205.32 | $11,029,971 | $10,125,972 | -$903,999 | -8.20% |
| Synopsys Inc. (SNPS) | Equity | -3.67% | 24,962 | 0.05% | $446.35 | $384.97 | $11,141,731 | $9,609,621 | -$1,532,110 | -13.75% |
| Trip.Com Group Limited (TCOM) | Equity | +33.66% | 8,761,371 | 1.50% | $39.84 | $40.68 | $349,053,040 | $356,412,572 | +$7,359,532 | +2.11% |
| Vale S.A. (VALE) | Equity | -0.05% | 2,929,850 | 0.19% | $15.04 | $14.21 | $44,064,944 | $41,633,169 | -$2,431,776 | -5.52% |
| Wesco International Inc. (WCC) | Equity | -4.49% | 363,915 | 0.54% | $344.87 | $344.15 | $125,503,133 | $125,241,347 | -$261,786 | -0.21% |
| Equity Residential (EQR) | Equity | -13.15% | 91,855 | 0.03% | $67.93 | $63.66 | $6,239,710 | $5,847,489 | -$392,221 | -6.29% |