Davis Asset Management, L.P.
CIK 0001945894
Annualised vol
11.599173%
Beta
0.518958
HHI
461.730516
Top-10 weight
58.323792%
VaR 95%
1.095972%
VaR 99%
2.058325%
Max drawdown
21.711888%
Matched value
71.165201%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| GOOGL | ADDED | 1,053,574 | 1,004,750 | 4.86% | 372,275,497 |
| META | ADDED | 517,000 | 515,000 | 0.39% | 291,220,930 |
| MKL | ADDED | 92,105 | 70,631 | 30.4% | 179,882,025 |
| CB | UNCHANGED | 494,556 | 494,556 | 0.0% | 168,515,011 |
| CRBG | REDUCED | 5,800,000 | 5,804,000 | -0.07% | 166,054,000 |
| JPM | ADDED | 493,896 | 468,786 | 5.36% | 161,666,978 |
| AX | UNCHANGED | 1,535,219 | 1,535,219 | 0.0% | 149,514,978 |
| V | UNCHANGED | 320,000 | 320,000 | 0.0% | 109,788,800 |
| GPN | UNCHANGED | 1,485,000 | 1,485,000 | 0.0% | 107,751,600 |
| FAF | UNCHANGED | 1,500,000 | 1,500,000 | 0.0% | 102,885,000 |
| MTB | UNCHANGED | 410,000 | 410,000 | 0.0% | 97,584,100 |
| GS | UNCHANGED | 92,391 | 92,391 | 0.0% | 93,441,486 |
| ACN | ADDED | 740,000 | 540,000 | 37.04% | 92,085,600 |
| SFBS | UNCHANGED | 910,376 | 910,376 | 0.0% | 78,975,118 |
| FSBC | UNCHANGED | 1,511,500 | 1,511,500 | 0.0% | 73,594,935 |
| ACGL | UNCHANGED | 650,000 | 650,000 | 0.0% | 63,089,000 |
| BABA | UNCHANGED | 607,561 | 607,561 | 0.0% | 58,313,705 |
| TCBK | UNCHANGED | 1,046,900 | 1,046,900 | 0.0% | 56,375,565 |
| ABCB | UNCHANGED | 621,800 | 621,800 | 0.0% | 56,123,668 |
| MA | UNCHANGED | 102,000 | 102,000 | 0.0% | 52,387,200 |
| CG | UNCHANGED | 1,131,000 | 1,131,000 | 0.0% | 47,626,410 |
| OSBC | UNCHANGED | 1,800,000 | 1,800,000 | 0.0% | 41,976,000 |
| RJF | UNCHANGED | 270,000 | 270,000 | 0.0% | 41,048,100 |
| FBK | UNCHANGED | 619,236 | 619,236 | 0.0% | 34,274,713 |
| CCNE | UNCHANGED | 950,000 | 950,000 | 0.0% | 32,024,500 |
| INFQ | NEW | 2,085,798 | - | - | 27,782,829 |
| AXP | UNCHANGED | 63,000 | 63,000 | 0.0% | 21,309,750 |
| STT | REDUCED | 76,000 | 116,000 | -34.48% | 12,889,600 |
| TSBK | UNCHANGED | 174,476 | 174,476 | 0.0% | 7,818,270 |
| JNJ | UNCHANGED | 12,500 | 12,500 | 0.0% | 3,174,625 |
| BLK | UNCHANGED | 2,100 | 2,100 | 0.0% | 2,019,276 |
| MGM | UNCHANGED | 31,458 | 31,458 | 0.0% | 1,504,021 |
| DE | UNCHANGED | 1,943 | 1,943 | 0.0% | 1,232,249 |
| MRK | UNCHANGED | 4,000 | 4,000 | 0.0% | 514,000 |
| LIN | UNCHANGED | 900 | 900 | 0.0% | 467,046 |
| WY | UNCHANGED | 17,301 | 17,301 | 0.0% | 414,186 |
| IBM | UNCHANGED | 1,274 | 1,274 | 0.0% | 358,262 |
| STTK | UNCHANGED | 48,276 | 48,276 | 0.0% | 335,035 |
| UNP | UNCHANGED | 1,200 | 1,200 | 0.0% | 326,400 |
| AFL | UNCHANGED | 2,000 | 2,000 | 0.0% | 234,500 |
| CTVA | UNCHANGED | 1,835 | 1,835 | 0.0% | 155,406 |
| GE | UNCHANGED | 412 | 412 | 0.0% | 153,977 |
| Q | UNCHANGED | 917 | 917 | 0.0% | 149,755 |
| MMM | UNCHANGED | 800 | 800 | 0.0% | 129,528 |
| GEV | UNCHANGED | 103 | 103 | 0.0% | 121,011 |
| MLM | UNCHANGED | 200 | 200 | 0.0% | 115,340 |
| PFE | UNCHANGED | 4,428 | 4,428 | 0.0% | 106,626 |
| C | UNCHANGED | 720 | 720 | 0.0% | 100,771 |
| DD | REDUCED | 611 | 1,835 | -66.7% | 82,876 |
| MCD | UNCHANGED | 200 | 200 | 0.0% | 54,062 |
| DOW | NEW | 1,835 | - | - | 50,206 |
| BMY | UNCHANGED | 460 | 460 | 0.0% | 26,505 |
| VZ | UNCHANGED | 572 | 572 | 0.0% | 24,218 |
| SOLV | NEW | 200 | - | - | 15,430 |
| NVDA | UNCHANGED | 45 | 45 | 0.0% | 9,004 |
| GEHC | UNCHANGED | 137 | 137 | 0.0% | 8,769 |
| VTRS | UNCHANGED | 548 | 548 | 0.0% | 8,702 |
| DUK | UNCHANGED | 54 | 54 | 0.0% | 6,835 |
| OGN | UNCHANGED | 400 | 400 | 0.0% | 5,416 |
| AIG | UNCHANGED | 47 | 47 | 0.0% | 3,503 |
| KD | UNCHANGED | 254 | 254 | 0.0% | 2,873 |
| PLTR | UNCHANGED | 20 | 20 | 0.0% | 2,290 |
| UBER | UNCHANGED | 30 | 30 | 0.0% | 2,165 |
| FOXA | UNCHANGED | 19 | 19 | 0.0% | 991 |
| NWSA | UNCHANGED | 14 | 14 | 0.0% | 348 |
| CRWV | CLOSED OUT | 0 | 3 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| GOOGL | ADDED | Alphabet Inc | Class C | 02079K107 | 370,846,017 | 9.39 | 1049574.0 |
| - | Berkshire Hathaway Inc Del Cl A Frmly | CL A | 084670108 | 363,941,100 | 9.22 | 486.0 | |
| META | ADDED | Meta Platforms | Cl A | 30303M102 | 291,220,930 | 7.37 | 517000.0 |
| - | Western Alliance Bancorp | COM | 957638109 | 274,219,200 | 6.94 | 3336000.0 | |
| MKL | ADDED | Markel | COM | 570535104 | 179,882,025 | 4.56 | 92105.0 |
| - | Berkshire Hathaway Inc Del Cl B Frmly | CL B | 084670702 | 177,246,144 | 4.49 | 354216.0 | |
| CB | UNCHANGED | Chubb Limited | COM | H1467J104 | 168,515,011 | 4.27 | 494556.0 |
| CRBG | REDUCED | Corebridge Financial | COM | 21871X109 | 166,054,000 | 4.21 | 5800000.0 |
| JPM | ADDED | JPMorgan Chase & Co | COM | 46625H100 | 161,666,978 | 4.09 | 493896.0 |
| AX | UNCHANGED | AXOS Financial Inc | COM | 05465C100 | 149,514,978 | 3.79 | 1535219.0 |
| - | Progressive Corp | COM | 743315103 | 110,210,210 | 2.79 | 504510.0 | |
| V | UNCHANGED | Visa Inc | COM | 92826C839 | 109,788,800 | 2.78 | 320000.0 |
| GPN | UNCHANGED | Global Payments Inc. | COM | 37940X102 | 107,751,600 | 2.73 | 1485000.0 |
| FAF | UNCHANGED | First American Financial Corp | COM | 31847R102 | 102,885,000 | 2.61 | 1500000.0 |
| MTB | UNCHANGED | M&T Bank | COM | 55261F104 | 97,584,100 | 2.47 | 410000.0 |
| GS | UNCHANGED | Goldman Sachs Group Inc. | COM | 38141G104 | 93,441,486 | 2.37 | 92391.0 |
| ACN | ADDED | Accenture PLC Cl A | COM | G1151C101 | 92,085,600 | 2.33 | 740000.0 |
| SFBS | UNCHANGED | Servisfirst Bancshares Inc | COM | 81768T108 | 78,975,118 | 2.0 | 910376.0 |
| FSBC | UNCHANGED | Five Star Bancorp | COM | 33830T103 | 73,594,935 | 1.86 | 1511500.0 |
| - | Equity Residential | SH BEN INT | 29476L107 | 72,345,450 | 1.83 | 1065000.0 | |
| ACGL | UNCHANGED | Arch Capital Group LTD | COM | G0450A105 | 63,089,000 | 1.6 | 650000.0 |
| BABA | UNCHANGED | Alibaba | Sponsored ADS | 01609W102 | 58,313,705 | 1.48 | 607561.0 |
| - | Marketaxess Hldgs Inc | COM | 57060D108 | 56,745,000 | 1.44 | 500000.0 | |
| TCBK | UNCHANGED | TriCo Bancshares | COM | 896095106 | 56,375,565 | 1.43 | 1046900.0 |
| ABCB | UNCHANGED | Ameris Bancorp | COM | 03076K108 | 56,123,668 | 1.42 | 621800.0 |
| MA | UNCHANGED | Mastercard Inc | COM | 57636Q104 | 52,387,200 | 1.33 | 102000.0 |
| CG | UNCHANGED | Carlyle Group | COM | 14316J108 | 47,626,410 | 1.21 | 1131000.0 |
| - | US Bancorp Del Com New | COM | 902973304 | 43,198,684 | 1.09 | 715210.0 | |
| OSBC | UNCHANGED | Old Second Bancorp | COM | 680277100 | 41,976,000 | 1.06 | 1800000.0 |
| RJF | UNCHANGED | Raymond James Financial Inc | COM | 754730109 | 41,048,100 | 1.04 | 270000.0 |
| FBK | UNCHANGED | FB Financial Corp | COM | 30257X104 | 34,274,713 | 0.87 | 619236.0 |
| CCNE | UNCHANGED | CNB Financial Corp PA | COM | 126128107 | 32,024,500 | 0.81 | 950000.0 |
| - | Wells Fargo | COM | 949746101 | 27,929,758 | 0.71 | 337969.0 | |
| INFQ | NEW | Infleqtion Inc. | COM | 45676K103 | 27,782,829 | 0.7 | 2085798.0 |
| AXP | UNCHANGED | American Express Company | COM | 025816109 | 21,309,750 | 0.54 | 63000.0 |
| STT | REDUCED | State Street Corp | COM | 857477103 | 12,889,600 | 0.33 | 76000.0 |
| TSBK | UNCHANGED | Timberland Bancorp Inc | COM | 887098101 | 7,818,270 | 0.2 | 174476.0 |
| - | Applied Materials Inc. | COM | 038222105 | 4,790,258 | 0.12 | 6626.0 | |
| - | Exxon Mobil Corp | COM | 30231G102 | 3,303,976 | 0.08 | 24166.0 | |
| JNJ | UNCHANGED | Johnson & Johnson | COM | 478160104 | 3,174,625 | 0.08 | 12500.0 |
| - | The Coca Cola Company | COM | 191216100 | 2,031,750 | 0.05 | 25000.0 | |
| BLK | UNCHANGED | BlackRock Inc. | COM | 09290D101 | 2,019,276 | 0.05 | 2100.0 |
| MGM | UNCHANGED | MGM Resorts International | COM | 552953101 | 1,504,021 | 0.04 | 31458.0 |
| GOOGL | ADDED | Alphabet Inc | Class A | 02079K305 | 1,429,480 | 0.04 | 4000.0 |
| DE | UNCHANGED | Deere & Company | COM | 244199105 | 1,232,249 | 0.03 | 1943.0 |
| - | The Travelers Companies Inc. | COM | 89417E109 | 1,205,928 | 0.03 | 3653.0 | |
| - | Eli Lily | COM | 532457108 | 764,037 | 0.02 | 637.0 | |
| MRK | UNCHANGED | Merck & Co. Inc. | COM | 58933Y105 | 514,000 | 0.01 | 4000.0 |
| LIN | UNCHANGED | Linde PLC | COM | G54950103 | 467,046 | 0.01 | 900.0 |
| WY | UNCHANGED | Weyerhaeuser Co. | COM | 962166954 | 414,186 | 0.01 | 17301.0 |
| - | WR Berkley Corp. | COM | 084423102 | 409,356 | 0.01 | 5804.0 | |
| IBM | UNCHANGED | International Business Machines Co. | COM | 459200101 | 358,262 | 0.01 | 1274.0 |
| STTK | UNCHANGED | Shattuck Labs Inc. | COM | 82024L103 | 335,035 | 0.01 | 48276.0 |
| UNP | UNCHANGED | Union Pacific Corp | COM | 907818108 | 326,400 | 0.01 | 1200.0 |
| AFL | UNCHANGED | AFLAC Incorporated | COM | 001055102 | 234,500 | 0.01 | 2000.0 |
| - | Walmart Stores Inc. | COM | 931142103 | 169,890 | 0.0 | 1500.0 | |
| CTVA | UNCHANGED | Corteva Inc. | COM | 22052L104 | 155,406 | 0.0 | 1835.0 |
| GE | UNCHANGED | General Electric Company | COM | 369604103 | 153,977 | 0.0 | 412.0 |
| Q | UNCHANGED | Qnity Electronics Inc. | COM | 74743L100 | 149,755 | 0.0 | 917.0 |
| MMM | UNCHANGED | 3M Company | COM | 88579Y101 | 129,528 | 0.0 | 800.0 |
| GEV | UNCHANGED | GE Vernova Inc. | COM | 36828A101 | 121,011 | 0.0 | 103.0 |
| - | Cisco | COM | 17275R102 | 117,460 | 0.0 | 1000.0 | |
| MLM | UNCHANGED | Martin Marietta Materials Inc. | COM | 573284106 | 115,340 | 0.0 | 200.0 |
| PFE | UNCHANGED | Pfizer Inc. | COM | 717081103 | 106,626 | 0.0 | 4428.0 |
| C | UNCHANGED | Citigroup | COM | 172967424 | 100,771 | 0.0 | 720.0 |
| DD | REDUCED | DuPont de Nemours Inc. | COM | 26614N102 | 82,876 | 0.0 | 611.0 |
| MCD | UNCHANGED | McDonalds Corp. | COM | 580135101 | 54,062 | 0.0 | 200.0 |
| DOW | NEW | Dow Holdings Inc | COM | 260557103 | 50,206 | 0.0 | 1835.0 |
| BMY | UNCHANGED | Bristol Myers Squibb Company | COM | 110122108 | 26,505 | 0.0 | 460.0 |
| VZ | UNCHANGED | Verizon Communications | COM | 92343V954 | 24,218 | 0.0 | 572.0 |
| SOLV | NEW | Solventum Corp | COM | 83444M101 | 15,430 | 0.0 | 200.0 |
| NVDA | UNCHANGED | NVIDIA | COM | 67066g104 | 9,004 | 0.0 | 45.0 |
| GEHC | UNCHANGED | GE Healthcare Technologies Inc. | COM | 36266G107 | 8,769 | 0.0 | 137.0 |
| VTRS | UNCHANGED | Viatris Inc. | COM | 92556V106 | 8,702 | 0.0 | 548.0 |
| DUK | UNCHANGED | Duke Energy Corp. | COM | 26441C204 | 6,835 | 0.0 | 54.0 |
| OGN | UNCHANGED | Organon & Co. | COM | 68622V106 | 5,416 | 0.0 | 400.0 |
| - | The Chemours Co. | COM | 163851108 | 4,617 | 0.0 | 225.0 | |
| AIG | UNCHANGED | American International Group Inc. | COM | 026874784 | 3,503 | 0.0 | 47.0 |
| - | Occidental Pete Corp. | COM | 674599105 | 3,254 | 0.0 | 67.0 | |
| KD | UNCHANGED | Kyndryl Holdings Inc. | COM | 50155Q100 | 2,873 | 0.0 | 254.0 |
| PLTR | UNCHANGED | Palantir Technologies Inc. | COM | 69608A108 | 2,290 | 0.0 | 20.0 |
| UBER | UNCHANGED | Uber Technologies Inc. | COM | 90353T100 | 2,165 | 0.0 | 30.0 |
| FOXA | UNCHANGED | Fox Corp | Cl A | 35137L105 | 991 | 0.0 | 19.0 |
| - | Vodafone Group PLC | Sponsored ADR | 92857W308 | 621 | 0.0 | 47.0 | |
| NWSA | UNCHANGED | News Corporation | COM | 65249B109 | 348 | 0.0 | 14.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-12 | 3,948,828,268 | 85 | 11.599173 | 0.518958 | 21.711888 |
| 2026-03-31 | 2026-05-15 | 3,455,877,426 | 85 | 11.924488 | 0.535373 | 22.281979 |
| 2025-12-31 | 2026-02-13 | 2,792,151,050 | 30 | 13.074133 | 0.592697 | 22.968411 |
| 2025-09-30 | 2025-11-14 | 2,809,181,349 | 31 | 9.350219 | 0.415386 | 19.913298 |
| 2025-03-31 | 2025-05-12 | 2,403,357,872 | 31 | 12.977646 | 0.578767 | 22.841441 |
| 2024-12-31 | 2025-02-14 | 2,450,701,967 | 31 | 13.361047 | 0.597433 | 23.262135 |