Davis Asset Management, L.P.

Q3 2025 13F-HR Holdings

Location
Sausalito, CA
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
31
Total value ($000)
$2,809,181
Net value change ($000)
+240,655 (9.4%)
New positions
2
Sold out positions
2
Turnover %
5.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/13/2025 Next filing: 2/13/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 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)
GOOGL 66,160 37.3%
ACN 61,650 NEW
FAF 52,962 299.2%
FBK 34,516 NEW
BABA 32,660 57.6%
WAL 21,850 11.2%
AX 12,547 11.3%
STT 11,604 9.1%
WBS 9,680 8.9%
FSBC 5,532 12.8%
Top Reduces (Value $000, Stocks/ETFs)
JLL -33,084 -100.0%
Southern States Bancshares, Inc. -28,152 -100.0%
CG -14,400 -18.7%
CRBG -12,075 -9.7%
MKL -4,300 -4.3%
V -4,101 -3.9%
CB -3,361 -2.6%
EQR -2,208 -4.1%
META -1,855 -0.5%
ACGL -176 -0.4%
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