Christopher Davis (Davis Selected Advisers) portfolio: Q2 2026 13F
Every US-listed position Davis Selected Advisers reported in its 13F for Q2 2026, the quarter ended Jun 30, 2026, filed with the SEC on Aug 11, 2026. 112 positions at the quarter end, after opening 2 and exiting 2 during it.
50 largest positions
| Ticker | Company | Allocation | Value | Shares | Change |
|---|---|---|---|---|---|
| COF | Capital One Financial Corp | 7.13% | $1.66B | 8,270,946 | Trimmed |
| USB | US Bancorp | 5.56% | $1.30B | 21,453,510 | Trimmed |
| CVS | CVS Health Corp | 5.27% | $1.23B | 11,865,916 | Trimmed |
| VTRS | Viatris Inc | 5.13% | $1.19B | 75,232,254 | Trimmed |
| MGM | MGM Resorts International | 4.91% | $1.14B | 23,903,317 | Trimmed |
| GOOGL | Alphabet Inc. | 4.51% | $1.05B | 2,937,160 | Trimmed |
| DVN | Devon Energy Corp | 4.49% | $1.05B | 25,297,991 | New |
| AMZN | Amazon.com Inc | 4.38% | $1.02B | 4,276,176 | Added |
| META | Meta Platforms, Inc. | 3.99% | $928.73M | 1,648,172 | Trimmed |
| MKL | Markel Group Inc. | 3.41% | $794.40M | 406,759 | Added |
| TXN | Texas Instruments Inc | 3.12% | $726.55M | 2,437,486 | Trimmed |
| TSN | Tyson Foods, Inc. | 3.11% | $724.48M | 12,653,717 | Trimmed |
| WFC | Wells Fargo & Company | 2.84% | $661.90M | 8,008,728 | Trimmed |
| BRK-A | Berkshire Hathaway Inc | 2.79% | $650.01M | 868 | Trimmed |
| CI | Cigna Group | 2.67% | $621.24M | 2,253,424 | Added |
| JBS | JBS N.V. | 2.54% | $592.69M | 50,016,236 | Added |
| UNH | UnitedHealth Group Inc | 2.28% | $529.84M | 1,274,650 | Added |
| TECK | Teck Resources Ltd | 2.14% | $497.29M | 8,363,497 | Trimmed |
| SOLV | Solventum Corp | 2.09% | $486.69M | 6,307,729 | Trimmed |
| LYB | LyondellBasell Industries N.V. | 1.97% | $457.99M | 8,698,852 | Added |
| CB | Chubb Ltd | 1.68% | $391.23M | 1,148,090 | Trimmed |
| BRK-B | Berkshire Hathaway Inc | 1.59% | $369.51M | 738,433 | Trimmed |
| TCOM | Trip.com Group Ltd | 1.50% | $349.05M | 8,761,371 | Added |
| OC | Owens Corning | 1.42% | $330.71M | 2,081,213 | Trimmed |
| DGX | Quest Diagnostics Inc | 1.42% | $329.78M | 1,555,612 | Trimmed |
| PINS | Pinterest, Inc. | 1.14% | $264.48M | 12,574,721 | Added |
| AGCO | AGCO Corp | 1.06% | $246.36M | 2,058,488 | Trimmed |
| YMM | Full Truck Alliance Co. Ltd. | 0.96% | $224.43M | 27,639,082 | Trimmed |
| QSR | Restaurant Brands International Inc. | 0.87% | $203.05M | 2,800,345 | Trimmed |
| GOOG | Alphabet Inc. | 0.86% | $199.39M | 564,274 | Trimmed |
| COP | ConocoPhillips | 0.84% | $195.19M | 1,877,583 | Added |
| SE | Sea Ltd | 0.83% | $192.79M | 2,011,812 | Added |
| DUSA | Davis Select U.S. Equity ETF | 0.82% | $191.05M | 3,400,745 | Unchanged |
| APP | AppLovin Corp | 0.70% | $162.72M | 315,539 | Trimmed |
| JPM | JPMorgan Chase & Co | 0.67% | $155.94M | 476,389 | Trimmed |
| FITB | Fifth Third Bancorp | 0.65% | $151.31M | 2,684,183 | Trimmed |
| WCC | Wesco International Inc | 0.54% | $125.50M | 363,915 | Trimmed |
| PNC | PNC Financial Services Group, Inc. | 0.52% | $122.14M | 496,066 | Trimmed |
| DINT | Davis Select International ETF | 0.48% | $111.60M | 3,915,748 | Unchanged |
| PPLI | People Inc | 0.47% | $110.51M | 2,394,024 | Trimmed |
| DFNL | Davis Select Financial ETF | 0.45% | $105.18M | 2,130,666 | Unchanged |
| DWLD | Davis Select Worldwide ETF | 0.38% | $89.50M | 1,935,585 | Unchanged |
| NTES | NetEase, Inc. | 0.34% | $78.54M | 612,955 | Added |
| RNR | RenaissanceRe Holdings Ltd | 0.32% | $74.32M | 234,528 | Trimmed |
| AMAT | Applied Materials Inc | 0.32% | $74.07M | 102,521 | Trimmed |
| AXP | American Express Co | 0.30% | $70.97M | 209,821 | Trimmed |
| RKT | Rocket Companies, Inc. | 0.30% | $70.29M | 4,463,148 | Trimmed |
| L | Loews Corp | 0.27% | $61.72M | 545,211 | Trimmed |
| NTB | Bank of N.T. Butterfield & Son Ltd | 0.26% | $60.22M | 1,012,140 | Trimmed |
| BAC | Bank of America Corp | 0.24% | $56.57M | 992,776 | Trimmed |
Showing the 50 largest of 112 positions by allocation. The full portfolio, sortable by value, allocation and share count, loads below.
What changed in Q2 2026
| Action | Ticker | Company | Share change | Value |
|---|---|---|---|---|
| Trimmed | COF | Capital One Financial Corp | -268,790 | $1.66B |
| Trimmed | USB | US Bancorp | -784,450 | $1.30B |
| Trimmed | CVS | CVS Health Corp | -373,750 | $1.23B |
| Trimmed | VTRS | Viatris Inc | -2,978,937 | $1.19B |
| Trimmed | MGM | MGM Resorts International | -392,021 | $1.14B |
| Trimmed | GOOGL | Alphabet Inc. | -157,499 | $1.05B |
| New | DVN | Devon Energy Corp | +25,297,991 | $1.05B |
| Added | AMZN | Amazon.com Inc | +850,924 | $1.02B |
| Trimmed | META | Meta Platforms, Inc. | -70,984 | $928.73M |
| Added | MKL | Markel Group Inc. | +23,326 | $794.40M |
| Trimmed | TXN | Texas Instruments Inc | -412,185 | $726.55M |
| Trimmed | TSN | Tyson Foods, Inc. | -436,972 | $724.48M |
| Trimmed | WFC | Wells Fargo & Company | -182,143 | $661.90M |
| Trimmed | BRK-A | Berkshire Hathaway Inc | -55 | $650.01M |
| Added | CI | Cigna Group | +19,495 | $621.24M |
| Added | JBS | JBS N.V. | +23,771,576 | $592.69M |
| Added | UNH | UnitedHealth Group Inc | +27,174 | $529.84M |
| Trimmed | TECK | Teck Resources Ltd | -2,221,166 | $497.29M |
| Trimmed | SOLV | Solventum Corp | -22,596 | $486.69M |
| Added | LYB | LyondellBasell Industries N.V. | +3,102,264 | $457.99M |
| Trimmed | CB | Chubb Ltd | -47,301 | $391.23M |
| Trimmed | BRK-B | Berkshire Hathaway Inc | -11,413 | $369.51M |
| Added | TCOM | Trip.com Group Ltd | +2,206,259 | $349.05M |
| Trimmed | OC | Owens Corning | -19,722 | $330.71M |
| Trimmed | DGX | Quest Diagnostics Inc | -62,201 | $329.78M |
The 25 largest changes by value. The full quarter, filterable by action, loads below.
About these holdings
The 13F on record for Christopher Davis (Davis Selected Advisers), filed on Aug 11, 2026, reports 112 positions as of Jun 30, 2026. The largest is Capital One Financial Corp (COF) at 7.1% of the reported portfolio, followed by US Bancorp (USB, 5.6%) and CVS Health Corp (CVS, 5.3%). The ten largest make up 48.8% of it. Against the previous quarter, it opened 2 new positions, added to 18, trimmed 87 and sold out of 2. The largest new position is Devon Energy Corp (DVN), at 4.5% of the portfolio. The largest position it added to is Amazon.com Inc (AMZN), now 4.4%. The largest it sold out of, by its value the quarter before, is Coterra Energy Inc. (CTRA).
Capital One Financial Corp (COF), the largest position, is also held by 15 other investors tracked here. Of those, Ruane Cunniff, Glenn Greenberg, Dan Loeb and Bill Nygren hold the most of it as a share of their own portfolios.
Other investors
John RogersSarah KettererDavid KatzRichard PzenaRobert OlsteinBill NygrenTweedy BrowneLee Ainslie