Q2 2026 · SEC CIK 0001036325

Christopher Davis portfolio

SuperinvestorMutual fund managerDavis Selected Advisers filed on 2026-08-11. Open SEC filings ↗

Reported 13F value: $23.3B
Reported positions: 112
Eligible equities: 101
Holdings vs S&P 500, 3 years: +2.7 pts

Average holding period of the top positions: 7.8 yrs. Holdings vs the S&P 500 over 1 and 5 years: +4.0 pts, +0.4 pts.

In its Q2 2026 13F, filed 2026-08-11, Davis Selected Advisers reported 112 positions worth $23.3B. Its largest holdings were Capital One Financial Corp. (COF, 7.1%), U.S. Bancorp (USB, 5.6%), CVS Health Corporation (CVS, 5.3%). Over the last 3 years its top holdings ran 2.7 points a year ahead of the S&P 500.

Reported holdings in the Q2 2026 13F.

The portfolio weight uses the full reported share-portfolio denominator. Weight changes compare this 13F with the one before it; price moves also change weights, so these are not trade labels. “New” means the position was not in the previous 13F at all; “—” marks a small position the earlier filing data does not cover.

Christopher Davis eligible holdings
Stock	% of reported portfolio	Prior quarter	Weight change	Reported shares	Reported value
COFCapital One Financial Corp.	7.1%	7.2%	-0.03 pp	8,270,946	$1.7B
USBU.S. Bancorp	5.6%	5.3%	+0.25 pp	21,453,510	$1.3B
CVSCVS Health Corporation	5.3%	4.0%	+1.24 pp	11,865,916	$1.2B
VTRSViatris Inc.	5.1%	4.9%	+0.28 pp	75,232,254	$1.2B
MGMMGM Resorts International	4.9%	4.1%	+0.78 pp	23,903,317	$1.1B
GOOGLAlphabet Inc., Class A	4.5%	4.1%	+0.42 pp	2,937,160	$1.0B
DVNDevon Energy Corp.	4.5%	—	—	25,297,991	$1.0B
AMZNAmazon.com, Inc.	4.4%	3.3%	+1.10 pp	4,276,176	$1.0B
METAMeta Platforms, Inc., Class A	4.0%	4.5%	-0.53 pp	1,648,172	$928.7M
MKLMarkel Group, Inc	3.4%	3.4%	+0.04 pp	406,759	$794.4M
TXNTexas Instruments, Inc.	3.1%	2.5%	+0.58 pp	2,437,486	$726.5M
TSNTyson Foods Inc	3.1%	3.9%	-0.74 pp	12,653,717	$724.5M
WFCWells Fargo & Co.	2.8%	3.0%	-0.15 pp	8,008,728	$661.9M
BRK-ABerkshire Hathaway Inc., Class A	2.8%	3.0%	-0.25 pp	868	$650.0M
CICigna Group	2.7%	2.7%	-0.07 pp	2,253,424	$621.2M
UNHUnitedHealth Group Inc.	2.3%	1.6%	+0.72 pp	1,274,650	$529.8M
TECKTeck Resources Ltd., Class B	2.1%	2.5%	-0.38 pp	8,363,497	$497.3M
SOLVSolventum Corp.	2.1%	1.9%	+0.19 pp	6,307,729	$486.7M
LYBLyondellBasell Industries N.V.	2.0%	2.1%	-0.10 pp	8,698,852	$458.0M
CBChubb Ltd.	1.7%	1.8%	-0.11 pp	1,148,090	$391.2M
BRK-BBerkshire Hathaway Inc., Class B	1.6%	1.6%	-0.06 pp	738,433	$369.5M
TCOMTrip.com Group Ltd., ADR	1.5%	1.5%	+0.00 pp	8,761,371	$349.1M
OCOwens Corning	1.4%	1.0%	+0.38 pp	2,081,213	$330.7M
DGXQuest Diagnostics Inc.	1.4%	1.5%	-0.04 pp	1,555,612	$329.8M
PINSPinterest, Inc., Class A	1.1%	1.0%	+0.09 pp	12,574,721	$264.5M
AGCOAGCO Corporation	1.1%	1.1%	-0.05 pp	2,058,488	$246.4M
YMMFull Truck Alliance Co. Ltd., ADR	1.0%	1.1%	-0.13 pp	27,639,082	$224.4M
QSRRestaurant Brands International, Inc.	0.9%	1.2%	-0.35 pp	2,800,345	$203.0M
GOOGAlphabet Inc., Class C	0.9%	0.9%	-0.04 pp	564,274	$199.4M
COPConocoPhillips	0.8%	1.1%	-0.30 pp	1,877,583	$195.2M
SESea Ltd., Class A, ADR	0.8%	0.7%	+0.13 pp	2,011,812	$192.8M
APPAppLovin Corp., Class A	0.7%	0.6%	+0.08 pp	315,539	$162.7M
JPMJPMorgan Chase & Co.	0.7%	0.8%	-0.08 pp	476,389	$155.9M
FITBFifth Third Bancorp	0.7%	0.6%	+0.05 pp	2,684,183	$151.3M
WCCWesco International, Inc.	0.5%	0.5%	+0.06 pp	363,915	$125.5M
PNCPNC Financial Services Group, Inc.	0.5%	0.5%	+0.01 pp	496,066	$122.1M
NTESNetEase Inc. - ADR	0.3%	0.2%	+0.12 pp	612,955	$78.5M
RNRRenaissanceRe Holdings Ltd	0.3%	0.4%	-0.03 pp	234,528	$74.3M
AMATApplied Materials, Inc.	0.3%	1.9%	-1.56 pp	102,521	$74.1M
AXPAmerican Express Co.	0.3%	0.3%	-0.02 pp	209,821	$71.0M
RKTRocket Companies, Inc., Class A	0.3%	0.3%	-0.01 pp	4,463,148	$70.3M
LLoews Corp.	0.3%	0.3%	-0.04 pp	545,211	$61.7M
NTBBank of N.T. Butterfield & Son Limited	0.3%	0.3%	+0.00 pp	1,012,140	$60.2M
BACBank of America Corp.	0.2%	0.3%	-0.02 pp	992,776	$56.6M
CHYMChime Financial, Inc.	0.2%	0.2%	-0.01 pp	2,331,776	$47.8M
EGEverest Group, Ltd.	0.2%	0.2%	-0.02 pp	126,423	$45.2M
VALEVale S.A., ADR	0.2%	0.2%	-0.02 pp	2,929,850	$44.1M
MSFTMicrosoft Corp.	0.1%	0.1%	+0.02 pp	92,973	$34.7M
NVDANVIDIA Corp.	0.1%	0.1%	+0.04 pp	154,727	$31.0M
BEKEKE Holdings Inc., Class A, ADR	0.1%	0.1%	-0.01 pp	1,850,782	$26.9M
SCHWCharles Schwab Corp.	0.1%	0.1%	-0.02 pp	289,871	$26.7M
FISVFiserv, Inc.	0.1%	0.2%	-0.04 pp	539,839	$26.5M
STTState Street Corp.	0.1%	0.1%	+0.02 pp	147,966	$25.1M
PLDPrologis, Inc.	0.1%	0.1%	-0.01 pp	178,556	$24.2M
JCIJohnson Controls International plc	0.1%	0.1%	-0.03 pp	141,422	$20.7M
EQIXEquinix, Inc.	0.1%	0.1%	-0.01 pp	19,313	$20.1M
CUZCousins Properties, Inc.	0.1%	0.1%	+0.01 pp	573,605	$17.2M
BXPBXP, Inc.	0.1%	0.1%	+0.01 pp	232,050	$15.4M
BRXBrixmor Property Group, Inc.	0.1%	0.1%	-0.01 pp	477,150	$15.0M
ADBEAdobe Inc.	0.1%	0.1%	+0.01 pp	67,894	$13.9M
MTBM & T Bank Corp	0.1%	0.1%	+0.00 pp	58,072	$13.8M
DOCHealthpeak Properties, Inc.	0.1%	0.0%	+0.01 pp	631,026	$13.5M
DLRDigital Realty Trust, Inc.	0.1%	0.1%	-0.01 pp	73,280	$13.2M
PSAPublic Storage, Inc.	0.1%	0.1%	+0.00 pp	37,740	$12.0M
SNPSSynopsys, Inc.	0.0%	0.0%	+0.00 pp	24,962	$11.1M
SPGSimon Property Group, Inc.	0.0%	0.0%	+0.00 pp	49,318	$11.0M
ORCLOracle Corporation	0.0%	0.1%	-0.01 pp	74,923	$11.0M
AMHAmerican Homes 4 Rent - Class A	0.0%	0.0%	+0.01 pp	325,590	$10.9M
CDPCOPT Defense Properties	0.0%	0.0%	+0.00 pp	292,700	$10.7M
TFCTruist Financial Corp.	0.0%	0.0%	-0.00 pp	208,391	$10.4M
EGPEastgroup Properties, Inc.	0.0%	0.0%	+0.00 pp	51,230	$10.4M
AMTAmerican Tower Corp	0.0%	0.1%	-0.01 pp	63,250	$10.3M
SHOSunstone Hotel Investors, Inc.	0.0%	0.0%	+0.01 pp	870,120	$10.0M
VTRVentas, Inc.	0.0%	0.0%	-0.00 pp	111,420	$9.9M
CPTCamden Property Trust	0.0%	0.0%	+0.00 pp	86,120	$9.9M
NOAHNoah Holdings Ltd., Class A, ADS	0.0%	0.0%	-0.00 pp	964,486	$9.6M
DARDarling Ingredients Inc.	0.0%	0.1%	-0.01 pp	170,846	$9.3M
SAPSAP SE - ADR	0.0%	0.3%	-0.21 pp	60,529	$9.3M
REGRegency Centers Corporation	0.0%	0.0%	-0.01 pp	116,340	$9.3M
ESSEssex Property Trust, Inc.	0.0%	0.0%	+0.02 pp	28,501	$8.3M
JDJD.com Inc., Class A, ADR	0.0%	0.0%	-0.01 pp	283,280	$7.2M
TRNOTerreno Realty Corp.	0.0%	0.0%	-0.00 pp	111,037	$7.2M
SBACSBA Communications Corp-CL A	0.0%	—	—	40,700	$7.2M
REXRRexford Industrial Realty, Inc.	0.0%	0.0%	-0.00 pp	191,960	$6.4M
CHCTCommunity Healthcare Trust, Inc.	0.0%	0.0%	+0.00 pp	322,890	$5.9M
ORealty Income Corp.	0.0%	0.0%	-0.00 pp	92,720	$5.7M
VICIVICI Properties, Inc.	0.0%	0.0%	-0.00 pp	215,360	$5.7M
SUISun Communities, Inc.	0.0%	0.0%	-0.00 pp	42,480	$5.1M
HPPHudson Pacific Properties, Inc.	0.0%	0.0%	+0.01 pp	315,236	$4.8M
AREAlexandria Real Estate Equities, Inc.	0.0%	0.0%	-0.02 pp	80,467	$4.3M
FRMIFermi Inc.	0.0%	0.0%	+0.01 pp	451,400	$4.1M
EXRExtra Space Storage, Inc.	0.0%	0.0%	+0.00 pp	27,535	$4.0M
JLLJones Lang LaSalle, Inc.	0.0%	0.0%	-0.00 pp	12,295	$3.8M
CUBECubeSmart	0.0%	0.0%	-0.00 pp	90,280	$3.6M
DEIDouglas Emmett, Inc	0.0%	0.0%	+0.00 pp	301,580	$3.6M
CBRECBRE Group, Inc.	0.0%	0.0%	-0.00 pp	25,390	$3.4M
MAAMid-America Apartment Communities, Inc.	0.0%	0.0%	-0.01 pp	21,900	$3.0M
TSMTaiwan Semiconductor Manufacturing, ADR	0.0%	0.0%	-0.00 pp	3,980	$1.9M
LRCXLam Research Corp.	0.0%	0.0%	+0.00 pp	2,780	$1.2M
JANJanus Living, Inc.	0.0%	0.0%	+0.00 pp	35,000	$1.0M
CCKCrown Holdings, Inc.	0.0%	0.0%	-0.00 pp	5,470	$612K

What Christopher Davis bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +24.6% /yr; S&P 500 +20.1%
3 years: +23.0% /yr; S&P 500 +20.4%
5 years: +11.3% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Questions about Christopher Davis's portfolio

What stocks does Christopher Davis own?

Davis Selected Advisers's latest 13F, for Q2 2026 and filed Aug 11, 2026, lists 112 positions worth $23.3B. The largest are Capital One Financial Corp (COF) at 7.1%, US Bancorp Del (USB) at 5.6%, Cvs Caremark Corporation (CVS) at 5.3%, Viatris Inc (VTRS) at 5.1% and Mgm Resorts International (MGM) at 4.9%.

What did Christopher Davis buy last quarter?

In Q2 2026, Davis Selected Advisers added Jbs N.v. (JBS) (+90.6% shares), LyondellBasell Industries NV (LYB) (+55.4% shares) and Trip Com Group Ltd (TCOM) (+33.7% shares), compared with its Q1 2026 filing.

What did Christopher Davis sell last quarter?

In Q2 2026, Davis Selected Advisers cut from its top 50 Coterra Energy Inc (COG), cut from its top 50 Bank of New York Mellon Corp (BNY), Applied Matls Inc (AMAT) (-91.4% shares), Restaurant Brands Intl Inc Com (QSR) (-22.2% shares) and Teck Resources Ltd (TECK) (-21.0% shares), compared with its Q1 2026 filing.

How has Christopher Davis's portfolio performed?

A portfolio copying Davis Selected Advisers's 20 largest 13F holdings each quarter, from the day each filing was public, returned +23.0% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +24.6% against +20.1%. Over 5 years: +11.3% a year against +11.6%.

When is Davis Selected Advisers's next 13F filing due?

13F filings are due 45 days after each quarter ends. Davis Selected Advisers's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Davis Selected Advisers manage?

Davis Selected Advisers reported $30.1B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $23.3B.