# Christopher Davis — Davis Advisors Portfolio USD 23,289,544,000 · 112 positions · 2026 Q2 · history from 2019 Q4. Source: quarterly 13F filings via dataroma.com. Page: https://gigainvestors.com/DAV ## Positions (2026 Q2) | Ticker | Company | % of portfolio | Value | This quarter | Holders | |---|---|---:|---:|---|---:| | COF | Capital One Financial | 7.1% | USD 1,659,420,000 | -3.15% | | | USB | U.S. Bancorp | 5.6% | USD 1,295,910,000 | -3.53% | | | CVS | CVS Health Corp. | 5.3% | USD 1,227,594,000 | -3.05% | | | VTRS | Viatris Inc. | 5.1% | USD 1,194,790,000 | -3.81% | | | MGM | MGM Resorts International | 4.9% | USD 1,142,791,000 | -1.61% | | | GOOGL | Alphabet Inc. | 4.5% | USD 1,049,690,000 | -5.09% | | | DVN | Devon Energy Corp. | 4.5% | USD 1,045,194,000 | new | | | AMZN | Amazon.com Inc. | 4.4% | USD 1,019,230,000 | +24.84% | | | META | Meta Platforms Inc. | 4.0% | USD 928,730,000 | -4.13% | | | MKL | Markel Group Inc. | 3.4% | USD 794,400,000 | +6.08% | | | TXN | Texas Instruments | 3.1% | USD 726,549,000 | -14.46% | | | TSN | Tyson Foods | 3.1% | USD 724,483,000 | -3.34% | | | WFC | Wells Fargo | 2.8% | USD 661,901,000 | -2.22% | | | BRK.A | Berkshire Hathaway CL A | 2.8% | USD 650,010,000 | -5.96% | | | CI | Cigna Group | 2.7% | USD 621,244,000 | +0.87% | | | JBS | Jbs Nv A | 2.5% | USD 592,692,000 | +90.58% | | | UNH | United Health Group Inc. | 2.3% | USD 529,839,000 | +2.18% | | | TECK | Teck Resources | 2.1% | USD 497,289,000 | -20.98% | | | SOLV | Solventum Corp | 2.1% | USD 486,686,000 | -0.36% | | | LYB | LyondellBasell Industries | 2.0% | USD 457,994,000 | +55.43% | | | CB | Chubb Limited | 1.7% | USD 391,231,000 | -3.96% | | | BRK.B | Berkshire Hathaway CL B | 1.6% | USD 369,514,000 | -1.52% | | | TCOM | Trip.com Group Ltd | 1.5% | USD 349,053,000 | +33.66% | | | OC | Owens Corning | 1.4% | USD 330,714,000 | -0.94% | | | DGX | Quest Diagnostics | 1.4% | USD 329,782,000 | -3.84% | | | PINS | Pinterest Inc. | 1.1% | USD 264,483,000 | +1.41% | | | AGCO | AGCO Corp. | 1.1% | USD 246,362,000 | -1.35% | | | YMM | Full Truck Alliance Spn ADR | 1.0% | USD 224,429,000 | -3.91% | | | QSR | Restaurant Brands International | 0.9% | USD 203,046,000 | -22.19% | | | GOOG | Alphabet Inc. CL C | 0.9% | USD 199,395,000 | -16.73% | | | COP | ConocoPhillips | 0.8% | USD 195,190,000 | +0.11% | | | SE | Sea Ltd | 0.8% | USD 192,792,000 | +8.76% | | | DUSA | Davis Select Us Equity ETF | 0.8% | USD 191,054,000 | hold | | | APP | Applovin Corp. | 0.7% | USD 162,719,000 | -6.04% | | | JPM | JPMorgan Chase & Co. | 0.7% | USD 155,936,000 | -14.39% | | | FITB | Fifth Third Bancorp | 0.7% | USD 151,307,000 | -4.6% | | | WCC | WESCO International Inc. | 0.5% | USD 125,503,000 | -4.49% | | | PNC | PNC Financial Services | 0.5% | USD 122,141,000 | -8.46% | | | DINT | Davis Select International | 0.5% | USD 111,599,000 | hold | | | PPLI | People Inc. | 0.5% | USD 110,507,000 | -0.8% | | | DFNL | Davis Select Financial ETF | 0.5% | USD 105,180,000 | hold | | | DWLD | Davis Select Worldwide ETF | 0.4% | USD 89,501,000 | hold | | | NTES | NetEase.com Inc. | 0.3% | USD 78,544,000 | +45.01% | | | RNR | RenaissanceRe Holdings Ltd. | 0.3% | USD 74,322,000 | -8.81% | | | AMAT | Applied Materials | 0.3% | USD 74,074,000 | -91.44% | | | AXP | American Express | 0.3% | USD 70,972,000 | -10% | | | RKT | Rocket Companies Inc. | 0.3% | USD 70,295,000 | -7.47% | | | L | Loews Corp. | 0.3% | USD 61,723,000 | -11.22% | | | NTB | Bank of N.T. Butterfield & Son Ltd | 0.3% | USD 60,222,000 | -5.68% | | | BAC | Bank of America Corp. | 0.2% | USD 56,568,000 | -14.36% | | | BNY | Bank of New York Mellon Corp. | 0.2% | USD 52,992,000 | -30.23% | | | CHYM | Chime Financial Inc Cl A | 0.2% | USD 47,755,000 | -8.17% | | | EG | Everest Group Ltd | 0.2% | USD 45,162,000 | -10.28% | | | VALE | Vale SA | 0.2% | USD 44,065,000 | -0.05% | | | MSFT | Microsoft Corp. | 0.2% | USD 34,705,000 | +18.45% | | | NVDA | NVIDIA Corp. | 0.1% | USD 30,950,000 | +36.26% | | | BEKE | KE Holdings Inc. | 0.1% | USD 26,892,000 | -0.06% | | | SCHW | Charles Schwab Corp. | 0.1% | USD 26,746,000 | -6.79% | | | FISV | Fiserv Inc. | 0.1% | USD 26,479,000 | -8.33% | | | STT | State Street Corp. | 0.1% | USD 25,095,000 | -2.78% | | | PLD | Prologis Inc. | 0.1% | USD 24,189,000 | -2.21% | | | JCI | Johnson Controls Intl. plc | 0.1% | USD 20,659,000 | -27.06% | | | EQIX | Equinix Inc. | 0.1% | USD 20,132,000 | -9% | | | CUZ | Cousins Properties | 0.1% | USD 17,197,000 | -2.19% | | | BXP | BXP Inc. | 0.1% | USD 15,387,000 | -2.17% | | | BRX | Brixmor Property Group Inc. | 0.1% | USD 15,045,000 | -15.27% | | | ADBE | Adobe Inc. | 0.1% | USD 13,929,000 | +50.41% | | | MTB | M&T Bank Corp. | 0.1% | USD 13,822,000 | -3.7% | | | DOC | Healthpeak Properties Inc. | 0.1% | USD 13,504,000 | -2.2% | | | DLR | Digital Realty Trust Inc. | 0.1% | USD 13,160,000 | -7.1% | | | PSA | Public Storage | 0.1% | USD 12,013,000 | -8.53% | | | AVB-OLD | AvalonBay Communities | 0.1% | USD 11,301,000 | -25.11% | | | SNPS | Synopsys Inc. | 0.1% | USD 11,142,000 | -3.67% | | | SPG | Simon Property Group Inc. | 0.1% | USD 11,030,000 | -2.26% | | | ORCL | Oracle Corp. | 0.1% | USD 10,974,000 | -6.83% | | | AMH | American Homes 4 Rent | 0.1% | USD 10,914,000 | +17.47% | | | CDP | Copt Defense Properties | 0.1% | USD 10,651,000 | -2.17% | | | TFC | Truist Financial Corp. | <0.1% | USD 10,382,000 | -7.3% | | | EGP | EastGroup Properties SBI | <0.1% | USD 10,376,000 | -2.18% | | | AMT | American Tower Corp. | <0.1% | USD 10,346,000 | -2.12% | | | SHO | Sunstone Hotel Investors Inc. | <0.1% | USD 9,963,000 | -2.2% | | | VTR | Ventas Inc. | <0.1% | USD 9,894,000 | -2.15% | | | CPT | Camden Property Trust | <0.1% | USD 9,860,000 | -2.15% | | | NOAH | Noah Holdings Ltd | <0.1% | USD 9,635,000 | -5.59% | | | DAR | Darling Ingredients Inc. | <0.1% | USD 9,340,000 | -9.08% | | | SAP | SAP SE | <0.1% | USD 9,334,000 | -80.93% | | | REG | Regency Centers Corp. | <0.1% | USD 9,277,000 | -16.08% | | | ESS | Essex Property Trust | <0.1% | USD 8,311,000 | +70.04% | | | JD | JD.com Inc. | <0.1% | USD 7,218,000 | -0.05% | | | TRNO | Terreno Realty Corp. | <0.1% | USD 7,192,000 | -2.18% | | | SBAC | SBA Communications Corp. | <0.1% | USD 7,182,000 | new | | | REXR | Rexford Industrial Realty Inc. | <0.1% | USD 6,431,000 | -8.42% | | | VMRK | Vivmark Residential | <0.1% | USD 6,240,000 | -13.15% | | | CHCT | Community Healthcare Trust Inc. | <0.1% | USD 5,902,000 | -2.17% | | | O | Realty Income Corp. | <0.1% | USD 5,745,000 | -2.31% | | | VICI | VICI Properties Inc. | <0.1% | USD 5,718,000 | -2.19% | | | ANGI | Angi Inc. | <0.1% | USD 5,549,000 | -1.72% | | | SUI | Sun Communities Inc. | <0.1% | USD 5,094,000 | -2.19% | | | HPP | Hudson Pacific Properties Inc. | <0.1% | USD 4,788,000 | -2.15% | | | ARE | Alexandria RE Equities Inc. | <0.1% | USD 4,253,000 | -55.5% | | | FRMI | Fermi Inc. | <0.1% | USD 4,135,000 | +47.65% | | | EXR | Extra Space Storage Inc. | <0.1% | USD 4,001,000 | -2.13% | | | JLL | Jones Lang Lasalle Inc. | <0.1% | USD 3,811,000 | -0.81% | | | CUBE | CubeSmart | <0.1% | USD 3,590,000 | -2.16% | | | DEI | Douglas Emmett Inc. | <0.1% | USD 3,559,000 | -2.16% | | | CBRE | CBRE Group | <0.1% | USD 3,420,000 | -0.86% | | | MAA | Mid-America Apt Communties | <0.1% | USD 3,043,000 | -54.39% | | | TSM | Taiwan Semiconductor S.A. | <0.1% | USD 1,901,000 | -44.72% | | | LRCX | Lam Research | <0.1% | USD 1,205,000 | hold | | | JAN | Janus Living Inc Cl A 1 | 0.0% | USD 1,006,000 | +250% | | | IVE | Ishares S&P 500 Value ETF | 0.0% | USD 747,000 | -71.71% | | | CCK | Crown Holdings | 0.0% | USD 612,000 | -36.17% | | ## Moves this quarter (109) - COF Capital One Financial: -3.15% (USD 1,659,420,000) - CTRA-OLD Coterra Energy Inc.: sold (USD 1,304,375,857) - USB U.S. Bancorp: -3.53% (USD 1,295,910,000) - CVS CVS Health Corp.: -3.05% (USD 1,227,594,000) - VTRS Viatris Inc.: -3.81% (USD 1,194,790,000) - MGM MGM Resorts International: -1.61% (USD 1,142,791,000) - GOOGL Alphabet Inc.: -5.09% (USD 1,049,690,000) - DVN Devon Energy Corp.: new (USD 1,045,194,000) - AMZN Amazon.com Inc.: +24.84% (USD 1,019,230,000) - META Meta Platforms Inc.: -4.13% (USD 928,730,000) - MKL Markel Group Inc.: +6.08% (USD 794,400,000) - TXN Texas Instruments: -14.46% (USD 726,549,000) - TSN Tyson Foods: -3.34% (USD 724,483,000) - WFC Wells Fargo: -2.22% (USD 661,901,000) - BRK.A Berkshire Hathaway CL A: -5.96% (USD 650,010,000) - CI Cigna Group: +0.87% (USD 621,244,000) - JBS Jbs Nv A: +90.58% (USD 592,692,000) - UNH United Health Group Inc.: +2.18% (USD 529,839,000) - TECK Teck Resources: -20.98% (USD 497,289,000) - SOLV Solventum Corp: -0.36% (USD 486,686,000) - LYB LyondellBasell Industries: +55.43% (USD 457,994,000) - CB Chubb Limited: -3.96% (USD 391,231,000) - BRK.B Berkshire Hathaway CL B: -1.52% (USD 369,514,000) - TCOM Trip.com Group Ltd: +33.66% (USD 349,053,000) - OC Owens Corning: -0.94% (USD 330,714,000) - DGX Quest Diagnostics: -3.84% (USD 329,782,000) - PINS Pinterest Inc.: +1.41% (USD 264,483,000) - AGCO AGCO Corp.: -1.35% (USD 246,362,000) - YMM Full Truck Alliance Spn ADR: -3.91% (USD 224,429,000) - QSR Restaurant Brands International: -22.19% (USD 203,046,000) - GOOG Alphabet Inc. CL C: -16.73% (USD 199,395,000) - COP ConocoPhillips: +0.11% (USD 195,190,000) - SE Sea Ltd: +8.76% (USD 192,792,000) - APP Applovin Corp.: -6.04% (USD 162,719,000) - JPM JPMorgan Chase & Co.: -14.39% (USD 155,936,000) - FITB Fifth Third Bancorp: -4.6% (USD 151,307,000) - WCC WESCO International Inc.: -4.49% (USD 125,503,000) - PNC PNC Financial Services: -8.46% (USD 122,141,000) - PPLI People Inc.: -0.8% (USD 110,507,000) - NTES NetEase.com Inc.: +45.01% (USD 78,544,000) - RNR RenaissanceRe Holdings Ltd.: -8.81% (USD 74,322,000) - AMAT Applied Materials: -91.44% (USD 74,074,000) - AXP American Express: -10% (USD 70,972,000) - RKT Rocket Companies Inc.: -7.47% (USD 70,295,000) - L Loews Corp.: -11.22% (USD 61,723,000) - NTB Bank of N.T. Butterfield & Son Ltd: -5.68% (USD 60,222,000) - BAC Bank of America Corp.: -14.36% (USD 56,568,000) - BNY Bank of New York Mellon Corp.: -30.23% (USD 52,992,000) - CHYM Chime Financial Inc Cl A: -8.17% (USD 47,755,000) - EG Everest Group Ltd: -10.28% (USD 45,162,000) - VALE Vale SA: -0.05% (USD 44,065,000) - MSFT Microsoft Corp.: +18.45% (USD 34,705,000) - NVDA NVIDIA Corp.: +36.26% (USD 30,950,000) - BEKE KE Holdings Inc.: -0.06% (USD 26,892,000) - SCHW Charles Schwab Corp.: -6.79% (USD 26,746,000) - FISV Fiserv Inc.: -8.33% (USD 26,479,000) - STT State Street Corp.: -2.78% (USD 25,095,000) - PLD Prologis Inc.: -2.21% (USD 24,189,000) - JCI Johnson Controls Intl. plc: -27.06% (USD 20,659,000) - EQIX Equinix Inc.: -9% (USD 20,132,000) - CUZ Cousins Properties: -2.19% (USD 17,197,000) - BXP BXP Inc.: -2.17% (USD 15,387,000) - BRX Brixmor Property Group Inc.: -15.27% (USD 15,045,000) - ADBE Adobe Inc.: +50.41% (USD 13,929,000) - MTB M&T Bank Corp.: -3.7% (USD 13,822,000) - DOC Healthpeak Properties Inc.: -2.2% (USD 13,504,000) - DLR Digital Realty Trust Inc.: -7.1% (USD 13,160,000) - PSA Public Storage: -8.53% (USD 12,013,000) - AVB-OLD AvalonBay Communities: -25.11% (USD 11,301,000) - SNPS Synopsys Inc.: -3.67% (USD 11,142,000) - SPG Simon Property Group Inc.: -2.26% (USD 11,030,000) - ORCL Oracle Corp.: -6.83% (USD 10,974,000) - AMH American Homes 4 Rent: +17.47% (USD 10,914,000) - CDP Copt Defense Properties: -2.17% (USD 10,651,000) - TFC Truist Financial Corp.: -7.3% (USD 10,382,000) - EGP EastGroup Properties SBI: -2.18% (USD 10,376,000) - AMT American Tower Corp.: -2.12% (USD 10,346,000) - SHO Sunstone Hotel Investors Inc.: -2.2% (USD 9,963,000) - VTR Ventas Inc.: -2.15% (USD 9,894,000) - CPT Camden Property Trust: -2.15% (USD 9,860,000) - NOAH Noah Holdings Ltd: -5.59% (USD 9,635,000) - DAR Darling Ingredients Inc.: -9.08% (USD 9,340,000) - SAP SAP SE: -80.93% (USD 9,334,000) - REG Regency Centers Corp.: -16.08% (USD 9,277,000) - ESS Essex Property Trust: +70.04% (USD 8,311,000) - JD JD.com Inc.: -0.05% (USD 7,218,000) - TRNO Terreno Realty Corp.: -2.18% (USD 7,192,000) - SBAC SBA Communications Corp.: new (USD 7,182,000) - REXR Rexford Industrial Realty Inc.: -8.42% (USD 6,431,000) - VMRK Vivmark Residential: -13.15% (USD 6,240,000) - CHCT Community Healthcare Trust Inc.: -2.17% (USD 5,902,000) - O Realty Income Corp.: -2.31% (USD 5,745,000) - VICI VICI Properties Inc.: -2.19% (USD 5,718,000) - ANGI Angi Inc.: -1.72% (USD 5,549,000) - SUI Sun Communities Inc.: -2.19% (USD 5,094,000) - HPP Hudson Pacific Properties Inc.: -2.15% (USD 4,788,000) - ARE Alexandria RE Equities Inc.: -55.5% (USD 4,253,000) - FRMI Fermi Inc.: +47.65% (USD 4,135,000) - EXR Extra Space Storage Inc.: -2.13% (USD 4,001,000) - JLL Jones Lang Lasalle Inc.: -0.81% (USD 3,811,000) - CUBE CubeSmart: -2.16% (USD 3,590,000) - DEI Douglas Emmett Inc.: -2.16% (USD 3,559,000) - CBRE CBRE Group: -0.86% (USD 3,420,000) - CCI Crown Castle International Corp.: sold (USD 3,408,934) - MAA Mid-America Apt Communties: -54.39% (USD 3,043,000) - TSM Taiwan Semiconductor S.A.: -44.72% (USD 1,901,000) - JAN Janus Living Inc Cl A 1: +250% (USD 1,006,000) - IVE Ishares S&P 500 Value ETF: -71.71% (USD 747,000) - CCK Crown Holdings: -36.17% (USD 612,000) ## Portfolio value by quarter - 2019 Q4: USD 20,918,298,302 (78 positions) - 2020 Q1: USD 14,768,109,564 (75 positions) - 2020 Q2: USD 17,294,590,879 (77 positions) - 2020 Q3: USD 17,976,746,700 (80 positions) - 2020 Q4: USD 20,776,027,358 (81 positions) - 2021 Q1: USD 22,840,621,196 (83 positions) - 2021 Q2: USD 24,329,167,419 (87 positions) - 2021 Q3: USD 21,631,373,939 (90 positions) - 2021 Q4: USD 21,518,844,991 (90 positions) - 2022 Q1: USD 19,785,593,668 (93 positions) - 2022 Q2: USD 15,583,980,126 (93 positions) - 2022 Q3: USD 14,059,970,895 (94 positions) - 2022 Q4: USD 14,722,352,144 (95 positions) - 2023 Q1: USD 15,133,455,919 (94 positions) - 2023 Q2: USD 16,414,749,359 (96 positions) - 2023 Q3: USD 15,946,340,093 (100 positions) - 2023 Q4: USD 17,695,552,501 (100 positions) - 2024 Q1: USD 17,846,937,406 (98 positions) - 2024 Q2: USD 17,652,801,343 (102 positions) - 2024 Q3: USD 17,826,294,647 (102 positions) - 2024 Q4: USD 17,202,920,911 (100 positions) - 2025 Q1: USD 17,346,203,760 (104 positions) - 2025 Q2: USD 18,704,212,086 (107 positions) - 2025 Q3: USD 19,154,485,156 (107 positions) - 2025 Q4: USD 22,253,742,565 (108 positions) - 2026 Q1: USD 21,774,855,728 (112 positions) - 2026 Q2: USD 23,289,544,000 (112 positions)