DAVIS SELECTED ADVISERS

Q4 2025 13F-HR Holdings

Location
Tucson, AZ
Holdings as of
12/31/2025
Date filed
2/2/2026
Form type
13F-HR
Num holdings
108
Total value ($000)
$22,249,324
Net value change ($000)
+3,094,839 (16.2%)
New positions
4
Sold out positions
3
Turnover %
1.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 12/29/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
CTRA 386,143 82.1%
COF 306,433 17.2%
GOOGL 302,644 44.9%
VTRS 286,794 41.8%
USB 237,021 25.2%
TSN 211,008 39.0%
MKL 178,550 25.0%
JBS 170,945 NEW
CVS 152,955 17.8%
MGM 148,442 17.9%
Top Reduces (Value $000, Stocks/ETFs)
META -102,708 -8.2%
HUM -100,306 -100.0%
AMAT -57,428 -5.1%
BK -49,557 -45.0%
BRK-B -40,916 -5.4%
NTES -31,746 -35.1%
SE -23,058 -29.3%
OC -22,391 -8.9%
TCOM -8,208 -2.2%
HPP -6,349 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type