DAVIS SELECTED ADVISERS
Comparing Q4 2025 vs Q3 2025
Sorting applies to all holdings for this quarter on the server, then the page is sliced. Prior-quarter values come from the full prior-quarter filing.
Issuer ▲▼ | Shares | Value ($K) | ||||
|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | |
| Coterra Energy, Inc. | 19,883,481 | 32,537,508 | +12,654,027 | 470,244,326 | 856,387,283 | +386,142,957 |
| Capital One Financial Corp. | 8,380,117 | 8,614,766 | +234,649 | 1,781,445,282 | 2,087,878,344 | +306,433,062 |
| Alphabet Inc., Class A | 2,770,594 | 3,118,760 | +348,166 | 673,531,304 | 976,174,798 | +302,643,494 |
| Viatris Inc. | 69,345,645 | 78,177,984 | +8,832,339 | 686,521,885 | 973,315,913 | +286,794,028 |
| U.S. Bancorp | 19,431,562 | 22,041,759 | +2,610,197 | 939,127,395 | 1,176,148,497 | +237,021,102 |
| Tyson Foods Inc | 9,962,127 | 12,827,540 | +2,865,413 | 540,943,496 | 751,950,994 | +211,007,498 |
| Markel Group, Inc | 373,528 | 415,160 | +41,632 | 713,946,478 | 892,495,821 | +178,549,343 |
| JBS N.V., Class A | 0 | 11,854,741 | +11,854,741 | 0 | 170,945,362 | +170,945,362 |
| CVS Health Corporation | 11,403,641 | 12,760,511 | +1,356,870 | 859,720,495 | 1,012,674,950 | +152,954,455 |
| MGM Resorts International | 23,953,452 | 26,820,202 | +2,866,750 | 830,226,646 | 978,669,323 | +148,442,677 |
| Wells Fargo & Co. | 7,786,052 | 8,258,031 | +471,979 | 652,626,920 | 769,649,182 | +117,022,262 |
| Berkshire Hathaway Inc., Class B | 533,948 | 739,875 | +205,927 | 268,437,018 | 371,908,140 | +103,471,122 |
| Amazon.com, Inc. | 3,137,986 | 3,429,262 | +291,276 | 689,007,586 | 791,545,223 | +102,537,637 |
| Teck Resources Ltd., Class B | 11,023,662 | 12,019,609 | +995,947 | 483,828,525 | 575,619,508 | +91,790,983 |
| Solventum Corp. | 5,517,611 | 6,220,072 | +702,461 | 402,785,603 | 492,879,705 | +90,094,102 |
| Texas Instruments, Inc. | 2,317,408 | 2,853,227 | +535,819 | 425,777,369 | 495,008,831 | +69,231,462 |
| Chubb Ltd. | 1,070,445 | 1,186,647 | +116,202 | 302,133,175 | 370,380,411 | +68,247,236 |
| Alphabet Inc., Class C | 646,051 | 710,963 | +64,912 | 157,345,721 | 223,101,674 | +65,755,953 |
| Pinterest, Inc., Class A | 7,892,057 | 11,801,983 | +3,909,926 | 253,887,474 | 305,553,581 | +51,666,107 |
| Restaurant Brands International, Inc. | 3,542,388 | 4,020,791 | +478,403 | 227,208,766 | 274,339,592 | +47,130,826 |
| Fiserv, Inc. | 0 | 568,982 | +568,982 | 0 | 38,218,521 | +38,218,521 |
| RenaissanceRe Holdings Ltd | 143,145 | 229,739 | +86,594 | 36,348,810 | 64,593,417 | +28,244,607 |
| Wesco International, Inc. | 292,570 | 364,502 | +71,932 | 61,878,555 | 89,172,369 | +27,293,814 |
| UnitedHealth Group Inc. | 1,139,303 | 1,273,400 | +134,097 | 393,401,326 | 420,368,751 | +26,967,425 |
| Darling Ingredients Inc. | 2,453,940 | 2,842,306 | +388,366 | 75,753,128 | 102,323,526 | +26,570,398 |
| Everest Group, Ltd. | 39,428 | 118,017 | +78,589 | 13,808,868 | 40,049,069 | +26,240,201 |
| iShares S&P 500 Value Index Fund | 6,614 | 127,053 | +120,439 | 1,365,857 | 26,944,130 | +25,578,273 |
| IAC Inc. | 2,243,689 | 2,514,072 | +270,383 | 76,442,484 | 98,300,787 | +21,858,303 |
| AGCO Corporation | 1,812,922 | 2,048,835 | +235,913 | 194,109,559 | 213,736,210 | +19,626,651 |
| Cigna Group | 656,318 | 752,852 | +96,534 | 189,183,664 | 207,212,398 | +18,028,734 |
| ConocoPhillips | 1,599,311 | 1,797,887 | +198,576 | 151,278,828 | 168,301,392 | +17,022,564 |
| Quest Diagnostics Inc. | 1,361,612 | 1,589,883 | +228,271 | 259,496,015 | 275,895,498 | +16,399,483 |
| Chime Financial, Inc. | 2,399,166 | 2,472,106 | +72,940 | 48,391,178 | 62,222,908 | +13,831,730 |
| Davis Select U.S. Equity ETF | 3,383,338 | 3,384,566 | +1,228 | 162,062,531 | 173,052,858 | +10,990,327 |
| PNC Financial Services Group, Inc. | 501,817 | 530,089 | +28,272 | 100,830,090 | 110,645,477 | +9,815,387 |
| Fifth Third Bancorp | 2,668,869 | 2,744,310 | +75,441 | 118,898,114 | 128,461,151 | +9,563,037 |
| American Express Co. | 247,940 | 241,700 | -6,240 | 82,355,848 | 89,416,822 | +7,060,974 |
| Bank of N.T. Butterfield & Son Limited | 1,058,793 | 1,053,710 | -5,083 | 45,443,396 | 52,495,832 | +7,052,436 |
| Davis Select Financial ETF | 2,129,860 | 2,130,361 | +501 | 96,312,281 | 102,960,342 | +6,648,061 |
| State Street Corp. | 103,785 | 143,773 | +39,988 | 12,040,098 | 18,548,155 | +6,508,057 |
| AppLovin Corp., Class A | 223,574 | 247,981 | +24,407 | 160,646,862 | 167,098,339 | +6,451,477 |
| Vale S.A., ADR | 2,931,198 | 2,931,198 | 0 | 31,832,810 | 38,193,510 | +6,360,700 |
| Johnson Controls International plc | 186,004 | 209,960 | +23,956 | 20,451,140 | 25,143,113 | +4,691,973 |
| NVIDIA Corp. | 89,795 | 111,038 | +21,243 | 16,753,951 | 20,709,251 | +3,955,300 |
| Bank of America Corp. | 1,150,589 | 1,149,873 | -716 | 59,358,887 | 63,243,015 | +3,884,128 |
| Hudson Pacific Properties, Inc. | 0 | 324,026 | +324,026 | 0 | 3,509,202 | +3,509,202 |
| Loews Corp. | 595,697 | 600,046 | +4,349 | 59,802,022 | 63,190,844 | +3,388,822 |
| CubeSmart | 0 | 90,930 | +90,930 | 0 | 3,278,027 | +3,278,027 |
| Davis Select Worldwide ETF | 1,916,287 | 1,917,460 | +1,173 | 86,673,671 | 89,430,314 | +2,756,643 |
| Microsoft Corp. | 52,306 | 60,801 | +8,495 | 27,091,893 | 29,405,634 | +2,313,741 |
| Truist Financial Corp. | 156,437 | 192,053 | +35,616 | 7,152,300 | 9,450,928 | +2,298,628 |
| Davis Select International ETF | 3,890,080 | 3,892,451 | +2,371 | 108,844,451 | 110,934,845 | +2,090,394 |
| Charles Schwab Corp. | 296,441 | 301,695 | +5,254 | 28,301,222 | 30,142,347 | +1,841,125 |
| Rocket Companies, Inc., Class A | 3,134,234 | 3,227,910 | +93,676 | 60,741,455 | 62,492,338 | +1,750,883 |
| AvalonBay Communities, Inc. | 66,580 | 78,840 | +12,260 | 12,861,259 | 14,294,480 | +1,433,221 |
| SAP SE - ADR | 46,787 | 56,347 | +9,560 | 12,501,954 | 13,688,124 | +1,186,170 |
| M & T Bank Corp | 51,027 | 55,846 | +4,819 | 10,083,956 | 11,251,852 | +1,167,896 |
| Ventas, Inc. | 117,330 | 114,410 | -2,920 | 8,211,927 | 8,853,046 | +641,119 |
| Lam Research Corp. | 12,280 | 12,280 | 0 | 1,644,292 | 2,102,090 | +457,798 |
| Prologis, Inc. | 198,166 | 180,126 | -18,040 | 22,693,970 | 22,994,885 | +300,915 |
| Community Healthcare Trust, Inc. | 333,190 | 325,560 | -7,630 | 5,097,807 | 5,345,695 | +247,888 |
| Eastgroup Properties, Inc. | 52,940 | 51,630 | -1,310 | 8,960,624 | 9,197,368 | +236,744 |
| Taiwan Semiconductor Manufacturing, ADR | 7,200 | 7,200 | 0 | 2,010,888 | 2,188,008 | +177,120 |
| Terreno Realty Corp. | 120,907 | 117,937 | -2,970 | 6,861,472 | 6,924,081 | +62,609 |
| Crown Holdings, Inc. | 8,570 | 8,570 | 0 | 827,776 | 882,453 | +54,677 |
| Camden Property Trust | 89,120 | 86,930 | -2,190 | 9,516,234 | 9,569,254 | +53,020 |
| Synopsys, Inc. | 8,655 | 8,655 | 0 | 4,270,290 | 4,065,427 | -204,863 |
| Essex Property Trust, Inc. | 16,951 | 16,511 | -440 | 4,537,105 | 4,320,598 | -216,507 |
| Mid-America Apartment Communities, Inc. | 60,860 | 59,380 | -1,480 | 8,503,968 | 8,248,476 | -255,492 |
| Equity Residential | 107,215 | 104,515 | -2,700 | 6,940,027 | 6,588,626 | -351,401 |
| Sun Communities, Inc. | 43,950 | 42,840 | -1,110 | 5,669,550 | 5,308,304 | -361,246 |
| Crown Castle, Inc. | 43,240 | 42,160 | -1,080 | 4,172,228 | 3,746,759 | -425,469 |
| Realty Income Corp. | 93,580 | 91,390 | -2,190 | 5,688,728 | 5,151,654 | -537,074 |
| American Homes 4 Rent - Class A | 285,600 | 278,610 | -6,990 | 9,496,200 | 8,943,381 | -552,819 |
| COPT Defense Properties | 302,120 | 294,740 | -7,380 | 8,779,607 | 8,193,772 | -585,835 |
| Regency Centers Corporation | 140,110 | 136,650 | -3,460 | 10,214,019 | 9,432,950 | -781,069 |
| Sunstone Hotel Investors, Inc. | 1,311,800 | 1,279,610 | -32,190 | 12,291,566 | 11,439,713 | -851,853 |
| VICI Properties, Inc. | 221,610 | 216,240 | -5,370 | 7,226,702 | 6,080,669 | -1,146,033 |
| Equinix, Inc. | 21,803 | 20,773 | -1,030 | 17,076,982 | 15,915,442 | -1,161,540 |
| Brixmor Property Group, Inc. | 570,000 | 555,970 | -14,030 | 15,777,600 | 14,577,533 | -1,200,067 |
| American Tower Corp | 65,670 | 63,970 | -1,700 | 12,629,654 | 11,231,213 | -1,398,441 |
| Douglas Emmett, Inc | 317,600 | 309,810 | -7,790 | 4,945,032 | 3,404,812 | -1,540,220 |
| Healthpeak Properties, Inc. | 446,866 | 435,936 | -10,930 | 8,557,484 | 7,009,851 | -1,547,633 |
| Noah Holdings Ltd., Class A, ADS | 1,021,585 | 1,021,585 | 0 | 11,840,170 | 10,256,713 | -1,583,457 |
| Public Storage, Inc. | 44,610 | 43,520 | -1,090 | 12,885,599 | 11,293,440 | -1,592,159 |
| Digital Realty Trust, Inc. | 81,280 | 79,250 | -2,030 | 14,051,686 | 12,260,768 | -1,790,918 |
| Cousins Properties, Inc. | 512,355 | 499,615 | -12,740 | 14,827,554 | 12,880,075 | -1,947,479 |
| BXP, Inc. | 239,760 | 233,910 | -5,850 | 17,823,758 | 15,784,247 | -2,039,511 |
| Simon Property Group, Inc. | 76,733 | 66,183 | -10,550 | 14,400,482 | 12,251,135 | -2,149,347 |
| JD.com Inc., Class A, ADR | 341,711 | 329,221 | -12,490 | 11,953,051 | 9,448,643 | -2,504,408 |
| UDR, Inc. | 186,190 | 113,280 | -72,910 | 6,937,439 | 4,155,110 | -2,782,329 |
| NetSTREIT Corp. | 342,410 | 189,600 | -152,810 | 6,183,925 | 3,344,544 | -2,839,381 |
| Rexford Industrial Realty, Inc. | 395,150 | 344,830 | -50,320 | 16,244,617 | 13,351,818 | -2,892,799 |
| ANGI Inc., Class A | 949,006 | 948,993 | -13 | 15,430,837 | 12,270,479 | -3,160,358 |
| Oracle Corporation | 67,052 | 79,416 | +12,364 | 18,857,704 | 15,479,547 | -3,378,157 |
| JPMorgan Chase & Co. | 595,626 | 571,586 | -24,040 | 187,878,341 | 184,176,369 | -3,701,972 |
| Extra Space Storage, Inc. | 55,055 | 27,955 | -27,100 | 7,759,452 | 3,640,300 | -4,119,152 |
| KE Holdings Inc., Class A, ADR | 1,851,804 | 1,851,804 | 0 | 35,184,276 | 29,184,431 | -5,999,845 |
| Full Truck Alliance Co. Ltd., ADR | 14,981,773 | 17,537,524 | +2,555,751 | 194,313,596 | 188,177,633 | -6,135,963 |
| Alexandria Real Estate Equities, Inc. | 180,157 | 178,127 | -2,030 | 15,014,284 | 8,717,535 | -6,296,749 |