Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q2 2025 ▲▼ | Q3 2025 ▲▼ | Change ▲▼ | Q2 2025 ▲▼ | Q3 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| Pinterest, Inc., Class A(PINS) | 0 | 7,892,057 | +7,892,057 | 0 | 253,887 | 1.33% | +253,887 |
| Coterra Energy, Inc. | 9,338,141 | 19,883,481 | +10,545,340 | 237,002 | 470,244 | 2.46% | +233,242 |
| Applied Materials, Inc. | 4,957,593 | 5,553,992 | +596,399 | 907,587 | 1,137,124 | 5.94% | +229,538 |
| Alphabet Inc., Class A(GOOG) | 2,854,413 | 2,770,594 | -83,819 | 503,033 | 673,531 | 3.52% | +170,498 |
| Viatris Inc.(VTRS) | 66,375,520 | 69,345,645 | +2,970,125 | 592,733 | 686,522 | 3.58% | +93,788 |
| AppLovin Corp., Class A(APP) | 215,073 | 223,574 | +8,501 | 75,293 | 160,647 | 0.84% | +85,354 |
| Trip.com Group Ltd., ADR(TCOM) | 4,949,468 | 4,941,445 | -8,023 | 290,237 | 371,597 | 1.94% | +81,360 |
| U.S. Bancorp(USB) | 19,331,637 | 19,431,562 | +99,925 | 874,757 | 939,127 | 4.90% | +64,371 |
| CVS Health Corporation(CVS) | 11,586,790 | 11,403,641 | -183,149 | 799,257 | 859,720 | 4.49% | +60,464 |
| Full Truck Alliance Co. Ltd., ADR(YMM) | 11,635,925 | 14,981,773 | +3,345,848 | 137,420 | 194,314 | 1.01% | +56,893 |
| Chime Financial, Inc.(CHYM) | 0 | 2,399,166 | +2,399,166 | 0 | 48,391 | 0.25% | +48,391 |
| Alphabet Inc., Class C(GOOG) | 650,390 | 646,051 | -4,339 | 115,373 | 157,346 | 0.82% | +41,973 |
| UnitedHealth Group Inc.(UNH) | 1,132,885 | 1,139,303 | +6,418 | 353,426 | 393,401 | 2.05% | +39,975 |
| Tyson Foods Inc(TSN) | 8,956,466 | 9,962,127 | +1,005,661 | 501,025 | 540,943 | 2.82% | +39,919 |
| Teck Resources Ltd., Class B(TECK) | 11,034,993 | 11,023,662 | -11,331 | 445,593 | 483,829 | 2.53% | +38,236 |
| Rocket Companies, Inc., Class A(RKT) | 3,132,678 | 3,134,234 | +1,556 | 44,421 | 60,741 | 0.32% | +16,320 |
| Quest Diagnostics Inc.(DGX) | 1,354,420 | 1,361,612 | +7,192 | 243,294 | 259,496 | 1.35% | +16,202 |
| Fifth Third Bancorp(FITB) | 2,512,856 | 2,668,869 | +156,013 | 103,354 | 118,898 | 0.62% | +15,544 |
| MGM Resorts International(MGM) | 23,821,109 | 23,953,452 | +132,343 | 819,208 | 830,227 | 4.33% | +11,019 |
| NetEase Inc. - ADR(NTES) | 593,347 | 594,740 | +1,393 | 79,853 | 90,395 | 0.47% | +10,542 |
| Prologis, Inc.(PLD) | 129,226 | 198,166 | +68,940 | 13,584 | 22,694 | 0.12% | +9,110 |
| ConocoPhillips(COP) | 1,585,587 | 1,599,311 | +13,724 | 142,291 | 151,279 | 0.79% | +8,988 |
| Davis Select International ETF SELCT INTL ETF | 3,890,080 | 3,890,080 | 0 | 100,597 | 108,844 | 0.57% | +8,247 |
| Owens Corning(OC) | 1,769,093 | 1,777,367 | +8,274 | 243,286 | 251,426 | 1.31% | +8,141 |
| Wesco International, Inc.(WCC) | 290,746 | 292,570 | +1,824 | 53,846 | 61,879 | 0.32% | +8,032 |
| AGCO Corporation | 1,804,564 | 1,812,922 | +8,358 | 186,159 | 194,110 | 1.01% | +7,951 |
| Davis Select Worldwide ETF SELECT WRLD WI | 1,916,287 | 1,916,287 | 0 | 79,412 | 86,674 | 0.45% | +7,262 |
| PNC Financial Services Group, Inc.(PNC) | 502,357 | 501,817 | -540 | 93,649 | 100,830 | 0.53% | +7,181 |
| Sea Ltd., Class A, ADR(SE) | 448,305 | 440,594 | -7,711 | 71,702 | 78,747 | 0.41% | +7,045 |
| Davis Select U.S. Equity ETF SELECT US EQTY | 3,383,338 | 3,383,338 | 0 | 156,581 | 162,063 | 0.85% | +5,482 |
| Loews Corp.(L) | 597,343 | 595,697 | -1,646 | 54,752 | 59,802 | 0.31% | +5,050 |
| Simon Property Group, Inc.(SPG) | 58,723 | 76,733 | +18,010 | 9,440 | 14,400 | 0.08% | +4,960 |
| Davis Select Financial ETF SELECT FINL | 2,129,860 | 2,129,860 | 0 | 91,456 | 96,312 | 0.50% | +4,856 |
| Bank of America Corp. | 1,153,397 | 1,150,589 | -2,808 | 54,579 | 59,359 | 0.31% | +4,780 |
| COPT Defense Properties(CDP) | 147,490 | 302,120 | +154,630 | 4,068 | 8,780 | 0.05% | +4,712 |
| Equinix, Inc.(EQIX) | 15,663 | 21,803 | +6,140 | 12,459 | 17,077 | 0.09% | +4,618 |
| State Street Corp.(STT) | 72,251 | 103,785 | +31,534 | 7,683 | 12,040 | 0.06% | +4,357 |
| Synopsys, Inc.(SNPS) | 0 | 8,655 | +8,655 | 0 | 4,270 | 0.02% | +4,270 |
| BXP, Inc.(BXP) | 209,630 | 239,760 | +30,130 | 14,144 | 17,824 | 0.09% | +3,680 |
| Alexandria Real Estate Equities, Inc. | 156,187 | 180,157 | +23,970 | 11,344 | 15,014 | 0.08% | +3,670 |
| JPMorgan Chase & Co.(JPM) | 636,042 | 595,626 | -40,416 | 184,395 | 187,878 | 0.98% | +3,483 |
| Vale S.A., ADR | 2,948,514 | 2,931,198 | -17,316 | 28,630 | 31,833 | 0.17% | +3,203 |
| Rexford Industrial Realty, Inc.(REXR) | 375,010 | 395,150 | +20,140 | 13,339 | 16,245 | 0.08% | +2,906 |
| Realty Income Corp.(O) | 48,870 | 93,580 | +44,710 | 2,815 | 5,689 | 0.03% | +2,873 |
| Brixmor Property Group, Inc.(BRX) | 498,390 | 570,000 | +71,610 | 12,978 | 15,778 | 0.08% | +2,800 |
| NVIDIA Corp.(NVDA) | 89,135 | 89,795 | +660 | 14,082 | 16,754 | 0.09% | +2,672 |
| NetSTREIT Corp.(NTST) | 220,510 | 342,410 | +121,900 | 3,733 | 6,184 | 0.03% | +2,451 |
| KE Holdings Inc., Class A, ADR(BEKE) | 1,852,812 | 1,851,804 | -1,008 | 32,869 | 35,184 | 0.18% | +2,315 |
| Sunstone Hotel Investors, Inc.(SHO) | 1,155,480 | 1,311,800 | +156,320 | 10,030 | 12,292 | 0.06% | +2,262 |
| Digital Realty Trust, Inc.(DLR) | 68,460 | 81,280 | +12,820 | 11,935 | 14,052 | 0.07% | +2,117 |
| Healthpeak Properties, Inc.(DOC) | 389,186 | 446,866 | +57,680 | 6,815 | 8,557 | 0.04% | +1,743 |
| VICI Properties, Inc.(VICI) | 169,740 | 221,610 | +51,870 | 5,534 | 7,227 | 0.04% | +1,693 |
| RenaissanceRe Holdings Ltd(RNR) | 143,067 | 143,145 | +78 | 34,751 | 36,349 | 0.19% | +1,598 |
| Regency Centers Corporation(REG) | 121,830 | 140,110 | +18,280 | 8,678 | 10,214 | 0.05% | +1,536 |
| Charles Schwab Corp.(SCHW) | 296,438 | 296,441 | +3 | 27,047 | 28,301 | 0.15% | +1,254 |
| Eastgroup Properties, Inc.(EGP) | 46,130 | 52,940 | +6,810 | 7,709 | 8,961 | 0.05% | +1,251 |
| AvalonBay Communities, Inc. | 57,820 | 66,580 | +8,760 | 11,766 | 12,861 | 0.07% | +1,095 |
| Public Storage, Inc.(PSA) | 40,400 | 44,610 | +4,210 | 11,854 | 12,886 | 0.07% | +1,031 |
| Terreno Realty Corp.(TRNO) | 104,197 | 120,907 | +16,710 | 5,842 | 6,861 | 0.04% | +1,019 |
| Cousins Properties, Inc.(CUZ) | 460,235 | 512,355 | +52,120 | 13,821 | 14,828 | 0.08% | +1,007 |
| Sun Communities, Inc.(SUI) | 38,370 | 43,950 | +5,580 | 4,853 | 5,670 | 0.03% | +816 |
| Douglas Emmett, Inc(DEI) | 276,750 | 317,600 | +40,850 | 4,162 | 4,945 | 0.03% | +783 |
| JD.com Inc., Class A, ADR(JD) | 343,487 | 341,711 | -1,776 | 11,211 | 11,953 | 0.06% | +742 |
| Camden Property Trust(CPT) | 78,650 | 89,120 | +10,470 | 8,863 | 9,516 | 0.05% | +653 |
| Mid-America Apartment Communities, Inc.(MAA) | 53,050 | 60,860 | +7,810 | 7,852 | 8,504 | 0.04% | +652 |
| Restaurant Brands International, Inc.(QSR) | 3,419,715 | 3,542,388 | +122,673 | 226,693 | 227,209 | 1.19% | +516 |
| American Homes 4 Rent - Class A(AMH) | 250,360 | 285,600 | +35,240 | 9,030 | 9,496 | 0.05% | +466 |
| Truist Financial Corp.(TFC) | 155,845 | 156,437 | +592 | 6,700 | 7,152 | 0.04% | +453 |
| Lam Research Corp.(LRCX) | 12,280 | 12,280 | 0 | 1,195 | 1,644 | 0.01% | +449 |
| Everest Group, Ltd.(EG) | 39,500 | 39,428 | -72 | 13,424 | 13,809 | 0.07% | +385 |
| Taiwan Semiconductor Manufacturing, ADR(TSM) | 7,200 | 7,200 | 0 | 1,631 | 2,011 | 0.01% | +380 |
| UDR, Inc.(UDR) | 161,990 | 186,190 | +24,200 | 6,614 | 6,937 | 0.04% | +323 |
| M & T Bank Corp(MTB) | 50,948 | 51,027 | +79 | 9,883 | 10,084 | 0.05% | +201 |
| Equity Residential(VMRK) | 101,725 | 107,215 | +5,490 | 6,865 | 6,940 | 0.04% | +75 |
| Hudson Pacific Properties Inc. | 2,295,973 | 2,300,183 | +4,210 | 6,291 | 6,349 | 0.03% | +58 |
| RH(RH) | 2,240 | 2,240 | 0 | 423 | 455 | 0.00% | +32 |
| Crown Holdings, Inc.(CCK) | 8,570 | 8,570 | 0 | 883 | 828 | 0.00% | -55 |
| Crown Castle, Inc.(CCI) | 42,300 | 43,240 | +940 | 4,345 | 4,172 | 0.02% | -173 |
| Exxon Mobil Corp. | 2,066 | 0 | -2,066 | 223 | 0 | — | -223 |
| Apple Inc.(AAPL) | 1,265 | 0 | -1,265 | 260 | 0 | — | -260 |
| Noah Holdings Ltd., Class A, ADS(NOAH) | 1,021,585 | 1,021,585 | 0 | 12,198 | 11,840 | 0.06% | -358 |
| Community Healthcare Trust, Inc.(CHCT) | 332,280 | 333,190 | +910 | 5,526 | 5,098 | 0.03% | -428 |
| Berkshire Hathaway Inc., Class B | 553,845 | 533,948 | -19,897 | 269,041 | 268,437 | 1.40% | -604 |
| Extra Space Storage, Inc.(EXR) | 56,765 | 55,055 | -1,710 | 8,369 | 7,759 | 0.04% | -610 |
| iShares S&P 500 Value Index Fund | 10,978 | 6,614 | -4,364 | 2,145 | 1,366 | 0.01% | -779 |
| Bank of N.T. Butterfield & Son Limited SHS NEW | 1,062,264 | 1,058,793 | -3,471 | 47,037 | 45,443 | 0.24% | -1,594 |
| SAP SE - ADR(SAP) | 46,769 | 46,787 | +18 | 14,222 | 12,502 | 0.07% | -1,720 |
| Wells Fargo & Co.(WFC) | 8,176,423 | 7,786,052 | -390,371 | 655,095 | 652,627 | 3.41% | -2,468 |
| ANGI Inc., Class A(ANGI) | 1,181,911 | 949,006 | -232,905 | 18,036 | 15,431 | 0.08% | -2,605 |
| Essex Property Trust, Inc.(ESS) | 28,541 | 16,951 | -11,590 | 8,089 | 4,537 | 0.02% | -3,551 |
| American Express Co.(AXP) | 270,500 | 247,940 | -22,560 | 86,284 | 82,356 | 0.43% | -3,928 |
| Ventas, Inc.(VTR) | 203,350 | 117,330 | -86,020 | 12,842 | 8,212 | 0.04% | -4,630 |
| Johnson Controls International plc SHS | 245,323 | 186,004 | -59,319 | 25,911 | 20,451 | 0.11% | -5,460 |
| American Tower Corp(AMT) | 91,650 | 65,670 | -25,980 | 20,256 | 12,630 | 0.07% | -7,627 |
| Chubb Ltd. COM | 1,071,823 | 1,070,445 | -1,378 | 310,529 | 302,133 | 1.58% | -8,395 |
| IAC Inc.(PPLI) | 2,280,775 | 2,243,689 | -37,086 | 85,164 | 76,442 | 0.40% | -8,722 |
| Oracle Corporation(ORCL) | 131,574 | 67,052 | -64,522 | 28,766 | 18,858 | 0.10% | -9,908 |
| Solventum Corp.(SOLV) | 5,492,661 | 5,517,611 | +24,950 | 416,563 | 402,786 | 2.10% | -13,778 |
| Darling Ingredients Inc.(DAR) | 2,443,570 | 2,453,940 | +10,370 | 92,709 | 75,753 | 0.40% | -16,956 |
| Berkshire Hathaway Inc., Class A | 1,065 | 998 | -67 | 776,172 | 752,692 | 3.93% | -23,480 |