Christopher Davis
Portfolio value$23.3B
Positions112
QuarterQ2 2026ended 2026-06-30
Filed08/112026
Davis Selected Advisers's Q2 2026 13F, filed Aug 11, 2026, reports 112 positions worth $23.3B. The ten largest are 48.8% of the book, led by Capital One at 7.1%, U.S. Bancorp at 5.6% and CVS Health at 5.3%. Against Q1 2026: 2 bought, 18 added to, 87 reduced, 2 sold; the largest moves were sold Coterra Energy, Inc. and bought Devon Energy.
Where the money is
COFUSBCVSVTRSMGMGOOGLDVNAMZN102 other
Holdings
| Ticker | Issuer | Weight | Value | Q-end → now | Price vs model | Change |
|---|---|---|---|---|---|---|
| COF | Capital One Financial Corp. | 7.1% | $1.7B8.3M sh | 200.63 → +1% | 10% overvalued | reduced −3% |
| USB | U.s. Bancorp | 5.6% | $1.3B21.5M sh | 60.41 → −3% | 10% undervalued | reduced −4% |
| CVS | Cvs Health Corporation | 5.3% | $1.2B11.9M sh | 103.46 → −11% | 420% overvalued | reduced −3% |
| VTRS | Viatris Inc. | 5.1% | $1.2B75.2M sh | 15.88 → +18% | 81% overvalued | reduced −4% |
| MGM | Mgm Resorts International | 4.9% | $1.1B23.9M sh | 47.81 → −40% | 72% undervalued | reduced −2% |
| GOOGL | Alphabet Inc., Class A | 4.5% | $1.0B2.9M sh | 357.38 → −5% | 51% overvalued | reduced −5% |
| DVN | Devon Energy Corp. | 4.5% | $1.0B25.3M sh | 41.32 → +23% | 32% undervalued | bought |
| AMZN | Amazon.com, Inc. | 4.4% | $1.0B4.3M sh | 238.35 → +5% | 182% overvalued | added +25% |
| META | Meta Platforms, Inc., Class A | 4.0% | $928.7M1.6M sh | 563.49 → +26% | 10% overvalued | reduced −4% |
| MKL | Markel Group, INC | 3.4% | $794.4M406,759 sh | 1,953.00 | — | added +6% |
| TXN | Texas Instruments, Inc. | 3.1% | $726.5M2.4M sh | 298.07 → −7% | 131% overvalued | reduced −14% |
| TSN | Tyson Foods INC | 3.1% | $724.5M12.7M sh | 57.25 → −4% | 18% overvalued | reduced −3% |
| WFC | Wells Fargo & Co. | 2.8% | $661.9M8.0M sh | 82.65 → +1% | 6% undervalued | reduced −2% |
| BRK/A | Berkshire Hathaway Inc., Class A | 2.8% | $650.0M868 sh | 748,859.91 | — | reduced −6% |
| CI | Cigna Group | 2.7% | $621.2M2.3M sh | 275.69 → +10% | 3% overvalued | added +1% |
| JBS | Jbs N.v., Class A | 2.5% | $592.7M50.0M sh | 11.85 | — | added +91% |
| UNH | Unitedhealth Group Inc. | 2.3% | $529.8M1.3M sh | 415.67 → −3% | 19% overvalued | added +2% |
| TECK | Teck Resources Ltd., Class B | 2.1% | $497.3M8.4M sh | 59.46 | — | reduced −21% |
| SOLV | Solventum Corp. | 2.1% | $486.7M6.3M sh | 77.16 → +11% | 55% undervalued | reduced −0% |
| LYB | Lyondellbasell Industries N.v. | 2.0% | $458.0M8.7M sh | 52.65 → +22% | 77% overvalued | added +55% |
| CB | Chubb Ltd. | 1.7% | $391.2M1.1M sh | 340.77 → +6% | 21% overvalued | reduced −4% |
| BRK/B | Berkshire Hathaway Inc., Class B | 1.6% | $369.5M738,433 sh | 500.40 → +6% | 21% overvalued | reduced −2% |
| TCOM | Trip.com Group Ltd., ADR | 1.5% | $349.1M8.8M sh | 39.84 | — | added +34% |
| OC | Owens Corning | 1.4% | $330.7M2.1M sh | 158.90 | — | reduced −1% |
| DGX | Quest Diagnostics Inc. | 1.4% | $329.8M1.6M sh | 211.99 → +11% | 10% undervalued | reduced −4% |
| PINS | Pinterest, Inc., Class A | 1.1% | $264.5M12.6M sh | 21.03 | — | added +1% |
| AGCO | Agco Corporation | 1.1% | $246.4M2.1M sh | 119.68 | — | reduced −1% |
| YMM | Full Truck Alliance Co. Ltd., ADR | 1.0% | $224.4M27.6M sh | 8.12 | — | reduced −4% |
| QSR | Restaurant Brands International, Inc. | 0.9% | $203.0M2.8M sh | 72.51 | — | reduced −22% |
| GOOG | Alphabet Inc., Class C | 0.9% | $199.4M564,274 sh | 353.36 → −5% | 49% overvalued | reduced −17% |
| COP | Conocophillips | 0.8% | $195.2M1.9M sh | 103.96 → +41% | 24% undervalued | added +0% |
| SE | Sea Ltd., Class A, ADR | 0.8% | $192.8M2.0M sh | 95.83 | — | added +9% |
| DUSA | Davis Select U.s. Equity ETF | 0.8% | $191.1M3.4M sh | 56.18 | — | held |
| APP | Applovin Corp., Class A | 0.7% | $162.7M315,539 sh | 515.69 → −48% | 1% overvalued | reduced −6% |
| JPM | Jpmorgan Chase & Co. | 0.7% | $155.9M476,389 sh | 327.33 → +4% | 11% overvalued | reduced −14% |
| FITB | Fifth Third Bancorp | 0.6% | $151.3M2.7M sh | 56.37 → −11% | 88% overvalued | reduced −5% |
| WCC | Wesco International, Inc. | 0.5% | $125.5M363,915 sh | 344.87 | — | reduced −4% |
| PNC | Pnc Financial Services Group, Inc. | 0.5% | $122.1M496,066 sh | 246.22 → −12% | 7% undervalued | reduced −8% |
| DINT | Davis Select International ETF | 0.5% | $111.6M3.9M sh | 28.50 | — | held |
| PPLI | People Inc. | 0.5% | $110.5M2.4M sh | 46.16 | — | reduced −1% |
| DFNL | Davis Select Financial ETF | 0.5% | $105.2M2.1M sh | 49.36 | — | held |
| DWLD | Davis Select Worldwide ETF | 0.4% | $89.5M1.9M sh | 46.24 | — | held |
| NTES | Netease Inc. - ADR | 0.3% | $78.5M612,955 sh | 128.14 | — | added +45% |
| RNR | Renaissancere Holdings LTD | 0.3% | $74.3M234,528 sh | 316.90 | — | reduced −9% |
| AMAT | Applied Materials, Inc. | 0.3% | $74.1M102,521 sh | 722.52 → −43% | 89% overvalued | reduced −91% |
| AXP | American Express Co. | 0.3% | $71.0M209,821 sh | 338.25 → −7% | 23% overvalued | reduced −10% |
| RKT | Rocket Companies, Inc., Class A | 0.3% | $70.3M4.5M sh | 15.75 | — | reduced −7% |
| L | Loews Corp. | 0.3% | $61.7M545,211 sh | 113.21 → −2% | 70% overvalued | reduced −11% |
| NTB | Bank Of N.t. Butterfield & Son Limited | 0.3% | $60.2M1.0M sh | 59.50 | — | reduced −6% |
| BAC | Bank Of America Corp. | 0.2% | $56.6M992,776 sh | 56.98 → −10% | 1% overvalued | reduced −14% |
| BNY | Bank Of New York Mellon Corp. | 0.2% | $53.0M366,448 sh | 144.61 → −1% | 57% overvalued | reduced −30% |
| CHYM | Chime Financial, Inc. | 0.2% | $47.8M2.3M sh | 20.48 | — | reduced −8% |
| EG | Everest Group, Ltd. | 0.2% | $45.2M126,423 sh | 357.23 → +9% | 7% undervalued | reduced −10% |
| VALE | Vale S.a., ADR | 0.2% | $44.1M2.9M sh | 15.04 | — | reduced −0% |
| MSFT | Microsoft Corp. | 0.1% | $34.7M92,973 sh | 373.28 → +42% | 10% overvalued | added +18% |
| NVDA | Nvidia Corp. | 0.1% | $31.0M154,727 sh | 200.03 → +7% | 3% undervalued | added +36% |
| BEKE | Ke Holdings Inc., Class A, ADR | 0.1% | $26.9M1.9M sh | 14.53 | — | reduced −0% |
| SCHW | Charles Schwab Corp. | 0.1% | $26.7M289,871 sh | 92.27 → −0% | 43% undervalued | reduced −7% |
| FISV | Fiserv, Inc. | 0.1% | $26.5M539,839 sh | 49.05 → −3% | 83% undervalued | reduced −8% |
| STT | State Street Corp. | 0.1% | $25.1M147,966 sh | 169.60 → −2% | 5% overvalued | reduced −3% |
| PLD | Prologis, Inc. | 0.1% | $24.2M178,556 sh | 135.47 → −7% | 4% undervalued | reduced −2% |
| JCI | Johnson Controls International PLC | 0.1% | $20.7M141,422 sh | 146.08 → −0% | 175% overvalued | reduced −27% |
| EQIX | Equinix, Inc. | 0.1% | $20.1M19,313 sh | 1,042.39 → −5% | 5% undervalued | reduced −9% |
| CUZ | Cousins Properties, Inc. | 0.1% | $17.2M573,605 sh | 29.98 | — | reduced −2% |
| BXP | Bxp, Inc. | 0.1% | $15.4M232,050 sh | 66.31 → −11% | 16% undervalued | reduced −2% |
| BRX | Brixmor Property Group, Inc. | 0.1% | $15.0M477,150 sh | 31.53 | — | reduced −15% |
| ADBE | Adobe Inc. | 0.1% | $13.9M67,894 sh | 205.16 → +20% | 28% undervalued | added +50% |
| MTB | M & T Bank Corp | 0.1% | $13.8M58,072 sh | 238.01 → −10% | 10% undervalued | reduced −4% |
| DOC | Healthpeak Properties, Inc. | 0.1% | $13.5M631,026 sh | 21.40 → −11% | 15% undervalued | reduced −2% |
| DLR | Digital Realty Trust, Inc. | 0.1% | $13.2M73,280 sh | 179.58 → −2% | 7% overvalued | reduced −7% |
| PSA | Public Storage, Inc. | 0.1% | $12.0M37,740 sh | 318.31 → −6% | 1% undervalued | reduced −9% |
| AVB | Avalonbay Communities, Inc. | 0.0% | $11.3M59,890 sh | 188.69 | — | reduced −25% |
| SNPS | Synopsys, Inc. | 0.0% | $11.1M24,962 sh | 446.35 → +2% | 306% overvalued | reduced −4% |
| SPG | Simon Property Group, Inc. | 0.0% | $11.0M49,318 sh | 223.65 → −8% | 10% overvalued | reduced −2% |
| ORCL | Oracle Corporation | 0.0% | $11.0M74,923 sh | 146.47 → −12% | 30% undervalued | reduced −7% |
| AMH | American Homes 4 Rent - Class A | 0.0% | $10.9M325,590 sh | 33.52 | — | added +17% |
| CDP | Copt Defense Properties | 0.0% | $10.7M292,700 sh | 36.39 | — | reduced −2% |
| TFC | Truist Financial Corp. | 0.0% | $10.4M208,391 sh | 49.82 → −6% | 12% undervalued | reduced −7% |
| EGP | Eastgroup Properties, Inc. | 0.0% | $10.4M51,230 sh | 202.53 | — | reduced −2% |
| AMT | American Tower Corp | 0.0% | $10.3M63,250 sh | 163.57 → +13% | 19% undervalued | reduced −2% |
| SHO | Sunstone Hotel Investors, Inc. | 0.0% | $10.0M870,120 sh | 11.45 | — | reduced −2% |
| VTR | Ventas, Inc. | 0.0% | $9.9M111,420 sh | 88.80 → −3% | 24% overvalued | reduced −2% |
| CPT | Camden Property Trust | 0.0% | $9.9M86,120 sh | 114.49 → −14% | 13% undervalued | reduced −2% |
| NOAH | Noah Holdings Ltd., Class A, Ads | 0.0% | $9.6M964,486 sh | 9.99 | — | reduced −6% |
| DAR | Darling Ingredients Inc. | 0.0% | $9.3M170,846 sh | 54.67 | — | reduced −9% |
| SAP | Sap Se - ADR | 0.0% | $9.3M60,529 sh | 154.21 | — | reduced −81% |
| REG | Regency Centers Corporation | 0.0% | $9.3M116,340 sh | 79.74 → −8% | 4% undervalued | reduced −16% |
| ESS | Essex Property Trust, Inc. | 0.0% | $8.3M28,501 sh | 291.59 → −8% | 3% overvalued | added +70% |
| JD | Jd.com Inc., Class A, ADR | 0.0% | $7.2M283,280 sh | 25.48 | — | reduced −0% |
| TRNO | Terreno Realty Corp. | 0.0% | $7.2M111,037 sh | 64.77 | — | reduced −2% |
| SBAC | Sba Communications Corp-cl A | 0.0% | $7.2M40,700 sh | 176.46 → +6% | 21% undervalued | bought |
| REXR | Rexford Industrial Realty, Inc. | 0.0% | $6.4M191,960 sh | 33.50 | — | reduced −8% |
| EQR | Equity Residential | 0.0% | $6.2M91,855 sh | 67.93 | — | reduced −13% |
| CHCT | Community Healthcare Trust, Inc. | 0.0% | $5.9M322,890 sh | 18.28 | — | reduced −2% |
| O | Realty Income Corp. | 0.0% | $5.7M92,720 sh | 61.96 → −9% | 13% undervalued | reduced −2% |
| VICI | Vici Properties, Inc. | 0.0% | $5.7M215,360 sh | 26.55 → −11% | 31% undervalued | reduced −2% |
| ANGI | Angi Inc., Class A | 0.0% | $5.5M932,653 sh | 5.95 | — | reduced −2% |
| SUI | Sun Communities, Inc. | 0.0% | $5.1M42,480 sh | 119.91 | — | reduced −2% |
| HPP | Hudson Pacific Properties, Inc. | 0.0% | $4.8M315,236 sh | 15.19 | — | reduced −2% |
| ARE | Alexandria Real Estate Equities, Inc. | 0.0% | $4.3M80,467 sh | 52.85 → −21% | 59% undervalued | reduced −55% |
Source: the manager's Form 13F-HR on SEC EDGAR, kept as immutable quarterly snapshots; changes compare two consecutive filings. A 13F is filed up to 45 days after quarter end and covers US-listed long positions only. Tickers come from a self-maintained CUSIP map; a position without one shows its CUSIP. Method notes in where the numbers come from.