# Davis Advisors: 13F portfolio, Q2 2026

Investment firm, Tucson.

Source: SEC Form 13F filed 2026-08-11 for the quarter ended 2026-06-30: https://www.sec.gov/Archives/edgar/data/1036325/000103632526000020/0001036325-26-000020-index.htm
Values are as the manager reported them in the filing, not current market prices.
Page: https://valuepeg.com/managers/davis-advisors
Updated: 2026-08-11 · Next filing due by 2026-11-14

## Summary
- Reported value: $23.3B (Q1 2026: $21.8B)
- Positions: 112 (Q1 2026: 112)
- Top 10 holdings: 48.8% of the portfolio
- This quarter: 2 new, 18 added to, 87 trimmed, 2 sold out

## What Davis Advisors did in Q2 2026
Davis Advisors opened new positions in Devon Energy and Sba Communications. It raised its stake in Janus Living by 250%, Jbs by 91% and Essex Property Trust by 70%, among 5 it added to by half or more. It sold out of Coterra Energy and Crown Castle. It cut Applied Materials by 91%, Sap by 81% and iShares S&P 500 Value Index Fund by 72%, among 5 it cut by half or more. Capital One Financial is still the largest holding, at 7.1% of the portfolio.

## Biggest buys
- Devon Energy (DVN): New
- Sba Communications (SBAC): New
- Janus Living (JAN): +250%
- Jbs (JBS): +91%
- Essex Property Trust (ESS): +70%

## Biggest sells
- Coterra Energy (CTRA): Sold out
- Crown Castle (CCI): Sold out
- Applied Materials (AMAT): −91%
- Sap (SAP): −81%
- iShares S&P 500 Value Index Fund (IVE): −72%

## Top 15 holdings
| # | Company | Ticker | % of portfolio | Reported value | Change vs Q1 2026 | Held since |
|---|---|---|---|---|---|---|
| 1 | Capital One Financial | COF | 7.1% | $1.7B | −3% | Q3 2024 or earlier |
| 2 | US Bancorp De | USB | 5.6% | $1.3B | −4% | Q3 2024 or earlier |
| 3 | CVS Health | CVS | 5.3% | $1.2B | −3% | Q3 2024 or earlier |
| 4 | Viatris | VTRS | 5.1% | $1.2B | −4% | Q3 2024 or earlier |
| 5 | MGM Resorts International | MGM | 4.9% | $1.1B | −2% | Q3 2024 or earlier |
| 6 | Alphabet | GOOGL | 4.5% | $1.0B | −5% | Q3 2024 or earlier |
| 7 | Devon Energy | DVN | 4.5% | $1.0B | New | Q2 2026 |
| 8 | Amazon | AMZN | 4.4% | $1.0B | +25% | Q3 2024 or earlier |
| 9 | Meta Platforms | META | 4.0% | $928.7M | −4% | Q3 2024 or earlier |
| 10 | Markel Group | MKL | 3.4% | $794.4M | +6% | Q3 2024 or earlier |
| 11 | Texas Instruments | TXN | 3.1% | $726.5M | −14% | Q3 2024 or earlier |
| 12 | Tyson Foods | TSN | 3.1% | $724.5M | −3% | Q3 2024 or earlier |
| 13 | Wells Fargo & Company | WFC | 2.8% | $661.9M | −2% | Q3 2024 or earlier |
| 14 | Berkshire Hathaway | BRK-A | 2.8% | $650.0M | −6% | Q3 2024 or earlier |
| 15 | Cigna Group | CI | 2.7% | $621.2M | +0.9% | Q3 2024 or earlier |

97 more positions and every quarter's holdings are on Valuepeg for members: https://valuepeg.com/managers/davis-advisors

## Other value investors
- Dorsey Asset Management: https://valuepeg.com/managers/dorsey-asset-management
- Duquesne Family Office (Stanley Druckenmiller): https://valuepeg.com/managers/duquesne-family-office
- Elliott Investment Management (Paul Singer): https://valuepeg.com/managers/elliott-investment-management
- Fairfax Financial (Prem Watsa): https://valuepeg.com/managers/fairfax-financial
- Fairholme Capital Management: https://valuepeg.com/managers/fairholme-capital

## About this data
- **What is a 13F?** A quarterly report to the SEC in which an investment manager with over $100 million in US-listed stocks lists what it holds.
- **How current is it?** Managers file up to 45 days after each quarter ends, so the holdings may have changed since.
- **Whose figures are these?** The values are as the manager reported them in the filing, not today's prices. The SEC lets a manager keep some positions confidential for a time, and those are not in the filing.
- **What does it leave out?** Short positions, cash, bonds and most holdings outside US markets. Options are left out here too.

Not investment advice.