Christopher Davis

Net selling

Davis Selected Advisers — managed by Christopher Davis; US equity positions disclosed quarterly via SEC 13F

Data as of 2026-06-30 (filed 2026-08-11) · Source: SEC EDGAR

Portfolio value$23.29B (+7%)

Holdings112

Top holdingCapital One Financial Corp

Below band6

New

Added

Exited

By what price implies: 45 demand a demanding growth rate, 17 modest.

13F × valuation

Valuation posture

Of 50 valued US positions, 6 trade below a conservative value band (2 in the strike zone) (as of 2026-08-25):

Renaissancere Holdings LtdRNR56% · strike
Everest Group, LtdEG46% · strike
Adobe IncADBE21% · below
Fiserv, IncFISV20% · below
Chubb LtdCB9% · below
Trip.Com Group Ltd., AdrTCOM3% · below

SEC 13F · latest filing

Holdings

Security	Value	Valuation	Holders	Shares	Weight	Signal
Capital One Financial CorpCOF	$1.66B	—	19	8,270,946	7.1%	Core 8q
U.S. BancorpUSB	$1.30B	—	9	21,453,510	5.6%	Core 8q
Cvs Health CorporationCVS	$1.23B	—	14	11,865,916	5.3%	—
Viatris IncVTRS	$1.19B	—	4	75,232,254	5.1%	—
Mgm Resorts InternationalMGM	$1.14B	—	5	23,903,317	4.9%	—
Alphabet Inc., Class AGOOGL	$1.05B	—	41	2,937,160	4.5%	—
Devon Energy CorpDVN	$1.05B	—	9	25,297,991	4.5%	Big new
Amazon.Com, IncAMZN	$1.02B	—	39	4,276,176	4.4%	Big new
Meta Platforms, Inc., Class AMETA	$928.7M	—	35	1,648,172	4.0%	—
Markel Group, IncMKL	$794.4M	—	6	406,759	3.4%	Big new
Texas Instruments, IncTXN	$726.5M	—	13	2,437,486	3.1%	—
Tyson Foods IncTSN	$724.5M	—	7	12,653,717	3.1%	—
Wells Fargo & CoWFC	$661.9M	—	19	8,008,728	2.8%	—
Berkshire Hathaway Inc., Class ABRK.A	$650.0M	—	17	868	2.8%	—
Cigna GroupCI	$621.2M	—	10	2,253,424	2.7%	Adding 4q
Jbs N.V., Class AJBS	$592.7M	—	4	50,016,236	2.5%	Adding 3q
Unitedhealth Group IncUNH	$529.8M	—	19	1,274,650	2.3%	—
Teck Resources Ltd., Class BTECK	$497.3M	—	1	8,363,497	2.1%	—
Solventum CorpSOLV	$486.7M	—	5	6,307,729	2.1%	—
Lyondellbasell Industries N.VLYB	$458.0M	—	5	8,698,852	2.0%	—
Chubb LtdCB	$391.2M	Below value	9	1,148,090	1.7%	—
Berkshire Hathaway Inc., Class BBRK.B	$369.5M	—	27	738,433	1.6%	—
Trip.Com Group Ltd., AdrTCOM	$349.1M	Below value	3	8,761,371	1.5%	Adding 3q
Owens CorningOC	$330.7M	—	4	2,081,213	1.4%	—
Quest Diagnostics IncDGX	$329.8M	—	4	1,555,612	1.4%	—

Capital One Financial CorpCOFCore 8q
Value$1.66BValuation—Holders19Weight7.1%
U.S. BancorpUSBCore 8q
Value$1.30BValuation—Holders9Weight5.6%
Cvs Health CorporationCVS—
Value$1.23BValuation—Holders14Weight5.3%
Viatris IncVTRS—
Value$1.19BValuation—Holders4Weight5.1%
Mgm Resorts InternationalMGM—
Value$1.14BValuation—Holders5Weight4.9%
Alphabet Inc., Class AGOOGL—
Value$1.05BValuation—Holders41Weight4.5%
Devon Energy CorpDVNBig new
Value$1.05BValuation—Holders9Weight4.5%
Amazon.Com, IncAMZNBig new
Value$1.02BValuation—Holders39Weight4.4%
Meta Platforms, Inc., Class AMETA—
Value$928.7MValuation—Holders35Weight4.0%
Markel Group, IncMKLBig new
Value$794.4MValuation—Holders6Weight3.4%
Texas Instruments, IncTXN—
Value$726.5MValuation—Holders13Weight3.1%
Tyson Foods IncTSN—
Value$724.5MValuation—Holders7Weight3.1%
Wells Fargo & CoWFC—
Value$661.9MValuation—Holders19Weight2.8%
Berkshire Hathaway Inc., Class ABRK.A—
Value$650.0MValuation—Holders17Weight2.8%
Cigna GroupCIAdding 4q
Value$621.2MValuation—Holders10Weight2.7%
Jbs N.V., Class AJBSAdding 3q
Value$592.7MValuation—Holders4Weight2.5%
Unitedhealth Group IncUNH—
Value$529.8MValuation—Holders19Weight2.3%
Teck Resources Ltd., Class BTECK—
Value$497.3MValuation—Holders1Weight2.1%
Solventum CorpSOLV—
Value$486.7MValuation—Holders5Weight2.1%
Lyondellbasell Industries N.VLYB—
Value$458.0MValuation—Holders5Weight2.0%
Chubb LtdCB—
Value$391.2MValuationBelow valueHolders9Weight1.7%
Berkshire Hathaway Inc., Class BBRK.B—
Value$369.5MValuation—Holders27Weight1.6%
Trip.Com Group Ltd., AdrTCOMAdding 3q
Value$349.1MValuationBelow valueHolders3Weight1.5%
Owens CorningOC—
Value$330.7MValuation—Holders4Weight1.4%
Quest Diagnostics IncDGX—
Value$329.8MValuation—Holders4Weight1.4%

Showing top 25 of 112 positions

Exited this quarter (2)Coterra Energy, Inc、Crown Castle, Inc

What is a superinvestor

About this investor

Portfolio overview

Davis Selected Advisers's most recent 13F filing, for the quarter ended 2026-06-30, reports 112 positions worth $23.29B. The top 5 holdings represent 28% of that value, a broadly diversified portfolio.

The single largest position is Capital One Financial Corp at 7.1% of the portfolio, followed by U.S. Bancorp at 5.6% and Cvs Health Corporation at 5.3%.

Against the prior quarter, Christopher Davis opened 2 new positions, exited 2, added to 18, and trimmed 87. The largest new buy was Devon Energy Corp. The most notable sale was the full exit from Coterra Energy, Inc.

Across all 8 quarters on file, Capital One Financial Corp has appeared in every filing, as has U.S. Bancorp. Capital One Financial Corp currently ranks first by value.

A 13F is filed roughly 45 days after quarter-end and covers only long positions in US-listed equities, so it is a lagging and partial view of the portfolio. Source: SEC EDGAR.

Christopher Davis holds 2 positions now in the strike zone. See the full strike-zone list

Sources· SEC EDGAR 13F as of 2026-06-30 · filed 2026-08-11

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