Davis Advisors 13F, Q4 2025
Christopher Davis · quarter ending 31 December 2025 · filed 2 February 2026 · SEC CIK 1036325
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q4 2025
The 25 largest of 108 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2025 filing.
| Company | Ticker | Value | % of book | vs Q3 2025 |
|---|---|---|---|---|
| Capital One Financial Corp. | COF | $2.09B | 9.4% | +3% shares |
| U.S. Bancorp | USB | $1.18B | 5.3% | +13% shares |
| Meta Platforms, Inc., Class A | META | $1.16B | 5.2% | +2% shares |
| Applied Materials, Inc. | AMAT | $1.08B | 4.8% | -24% shares |
| CVS Health Corporation | CVS | $1.01B | 4.5% | +12% shares |
| MGM Resorts International | MGM | $978.67M | 4.4% | +12% shares |
| Alphabet Inc., Class A | GOOGL | $976.17M | 4.4% | +13% shares |
| Viatris Inc. | VTRS | $973.32M | 4.4% | +13% shares |
| Markel Group, Inc | MKL | $892.50M | 4.0% | +11% shares |
| Coterra Energy, Inc. | CTRA | $856.39M | 3.9% | +64% shares |
| Amazon.com, Inc. | AMZN | $791.55M | 3.6% | +9% shares |
| Wells Fargo & Co. | WFC | $769.65M | 3.5% | +6% shares |
| Tyson Foods Inc | TSN | $751.95M | 3.4% | +29% shares |
| Berkshire Hathaway Inc., Class A | BRK/A | $711.78M | 3.2% | -6% shares |
| Teck Resources Ltd., Class B | TECK | $575.62M | 2.6% | +9% shares |
| Texas Instruments, Inc. | TXN | $495.01M | 2.2% | +23% shares |
| Solventum Corp. | SOLV | $492.88M | 2.2% | +13% shares |
| UnitedHealth Group Inc. | UNH | $420.37M | 1.9% | +12% shares |
| Berkshire Hathaway Inc., Class B | BRK/B | $371.91M | 1.7% | +39% shares |
| Chubb Ltd. | $370.38M | 1.7% | +11% shares | |
| Trip.com Group Ltd., ADR | TCOM | $363.39M | 1.6% | +2% shares |
| Pinterest, Inc., Class A | PINS | $305.55M | 1.4% | +50% shares |
| Quest Diagnostics Inc. | DGX | $275.90M | 1.2% | +17% shares |
| Restaurant Brands International, Inc. | QSR | $274.34M | 1.2% | +14% shares |
| Owens Corning | OC | $229.03M | 1.0% | +15% shares |
What changed since Q3 2025
Against the Q3 2025 filing, Davis Advisors opened 4 new positions, added to 48, trimmed 38, left 18 unchanged and exited 3. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001036325-26-000004, filed by DAVIS SELECTED ADVISERS. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.