Davis Advisors portfolio: Q2 2026 13F holdings
Chris Davis. Chris Davis's firm: long-term value investing, heavy in financials.
The Q3 2026 13F is due by 2026-11-16. This page switches to it as soon as it lands on SEC EDGAR (checked hourly).
Portfolio value$23.3B+7% vs Q1 2026
Positions111111 in Q1 2026
New · sold out2 · 2added 12, trimmed 20
Top 1050%of the portfolio
Davis Advisors reported 111 US stock positions worth $23.3B at the end of Q2 2026, against $21.8B in 111 positions at the end of Q1 2026. The ten largest are 50% of the portfolio, led by Capital One (7.1%), U.S. Bancorp and Alphabet (Class A). Over the quarter it opened 2 new positions (Devon Energy and SBA Communications), sold out of 2 (Coterra Energy, Inc. and Crown Castle), added to 12 and trimmed 20.
Biggest buys in Q2 2026
Devon Energynew +$1.0B
JBS N.V., Class A+91% +$281.7M
Amazon+25% +$202.8M
LyondellBasell+55% +$163.3M
Trip.com Group Ltd., ADR+34% +$87.9M
NetEase Inc. - ADR+45% +$24.4M
Nvidia+36% +$8.2M
SBA Communicationsnew +$7.2M
Biggest sells in Q2 2026
Coterra Energy, Inc.sold out −$1.3B
Applied Materials-91% −$790.9M
Teck Resources Ltd., Class B-21% −$132.1M
Texas Instruments-14% −$122.9M
Restaurant Brands International, Inc.-22% −$57.9M
Sap SE - Adr-81% −$39.6M
JPMorgan Chase-14% −$26.2M
Bank of New York Mellon Corp.-30% −$23.0M
111 positions · Q2 2026
Everything Davis Advisors owns
| Company | % of portfolio | Value | Shares | vs Q1 2026 | Upside | The rule |
|---|---|---|---|---|---|---|
| COFCapital One | 7.1% | $1.7B | 8,270,946 | -3% | -19% | Members only |
| USBU.S. Bancorp | 5.6% | $1.3B | 21,453,510 | -4% | +8% | Members only |
| GOOGLAlphabet (Class A) | 5.4% | $1.2B | 3,501,434 | -7% | -5% | Members only |
| CVSCVS Health | 5.3% | $1.2B | 11,865,916 | -3% | +42% | Members only |
| VTRSViatris | 5.1% | $1.2B | 75,232,254 | -4% | -105% | Members only |
| MGMMGM Resorts | 4.9% | $1.1B | 23,903,317 | -2% | +162% | Members only |
| DVNDevon Energy | 4.5% | $1.0B | 25,297,991 | NEW | +34% | Members only |
| AMZNAmazon | 4.4% | $1.0B | 4,276,176 | +25% | +46% | Members only |
| METAMeta Platforms | 4.0% | $928.7M | 1,648,172 | -4% | +14% | Members only |
| Markel Group, Inc | 3.4% | $794.4M | 406,759 | +6% | — | — |
| TXNTexas Instruments | 3.1% | $726.5M | 2,437,486 | -14% | -44% | Members only |
| TSNTyson Foods | 3.1% | $724.5M | 12,653,717 | -3% | -49% | Members only |
| WFCWells Fargo | 2.8% | $661.9M | 8,008,728 | -2% | +11% | Members only |
| Berkshire Hathaway Inc., Class A | 2.8% | $650.0M | 868 | -6% | — | — |
| CICigna | 2.7% | $621.2M | 2,253,424 | +1% | +208% | Members only |
| JBS N.V., Class A | 2.5% | $592.7M | 50,016,236 | +91% | — | — |
| UNHUnitedHealth Group | 2.3% | $529.8M | 1,274,650 | +2% | +47% | Members only |
| Teck Resources Ltd., Class B | 2.1% | $497.3M | 8,363,497 | -21% | — | — |
| SOLVSolventum | 2.1% | $486.7M | 6,307,729 | same | -49% | Members only |
| LYBLyondellBasell | 2.0% | $458.0M | 8,698,852 | +55% | -80% | Members only |
| CBChubb Limited | 1.7% | $391.2M | 1,148,090 | -4% | +22% | Members only |
| BRK.BBerkshire Hathaway | 1.6% | $369.5M | 738,433 | -2% | -12% | Members only |
| Trip.com Group Ltd., ADR | 1.5% | $349.1M | 8,761,371 | +34% | — | — |
| Owens Corning | 1.4% | $330.7M | 2,081,213 | -1% | — | — |
| DGXQuest Diagnostics | 1.4% | $329.8M | 1,555,612 | -4% | -4% | Members only |
| Pinterest, Inc., Class A | 1.1% | $264.5M | 12,574,721 | +1% | — | — |
| AGCO Corporation | 1.1% | $246.4M | 2,058,488 | -1% | — | — |
| Full Truck Alliance Co. Ltd., ADR | 1.0% | $224.4M | 27,639,082 | -4% | — | — |
| Restaurant Brands International, Inc. | 0.9% | $203.0M | 2,800,345 | -22% | — | — |
| COPConocoPhillips | 0.8% | $195.2M | 1,877,583 | same | +22% | Members only |
| Sea Ltd., Class A, ADR | 0.8% | $192.8M | 2,011,812 | +9% | — | — |
| Davis Select U.S. Equity ETF | 0.8% | $191.1M | 3,400,745 | same | — | — |
| APPAppLovin | 0.7% | $162.7M | 315,539 | -6% | +44% | Members only |
| JPMJPMorgan Chase | 0.7% | $155.9M | 476,389 | -14% | -5% | Members only |
| FITBFifth Third Bancorp | 0.6% | $151.3M | 2,684,183 | -5% | -54% | Members only |
| Wesco International, Inc. | 0.5% | $125.5M | 363,915 | -4% | — | — |
| PNCPNC Financial Services | 0.5% | $122.1M | 496,066 | -8% | +3% | Members only |
| Davis Select International ETF | 0.5% | $111.6M | 3,915,748 | same | — | — |
| People Inc. | 0.5% | $110.5M | 2,394,024 | -1% | — | — |
| Davis Select Financial ETF | 0.5% | $105.2M | 2,130,666 | same | — | — |
| Davis Select Worldwide ETF | 0.4% | $89.5M | 1,935,585 | same | — | — |
| NetEase Inc. - ADR | 0.3% | $78.5M | 612,955 | +45% | — | — |
| RenaissanceRe Holdings Ltd | 0.3% | $74.3M | 234,528 | -9% | — | — |
| AMATApplied Materials | 0.3% | $74.1M | 102,521 | -91% | -56% | Members only |
| AXPAmerican Express | 0.3% | $71.0M | 209,821 | -10% | -59% | Members only |
| Rocket Companies, Inc., Class A | 0.3% | $70.3M | 4,463,148 | -7% | — | — |
| LLoews | 0.3% | $61.7M | 545,211 | -11% | -25% | Members only |
| Bank of N.T. Butterfield & Son Limited | 0.3% | $60.2M | 1,012,140 | -6% | — | — |
| BACBank of America | 0.2% | $56.6M | 992,776 | -14% | +16% | Members only |
| Bank of New York Mellon Corp. | 0.2% | $53.0M | 366,448 | -30% | — | — |
| Chime Financial, Inc. | 0.2% | $47.8M | 2,331,776 | -8% | — | — |
| EGEverest Group | 0.2% | $45.2M | 126,423 | -10% | +64% | Members only |
| Vale S.A., ADR | 0.2% | $44.1M | 2,929,850 | same | — | — |
| MSFTMicrosoft | 0.1% | $34.7M | 92,973 | +18% | -4% | Members only |
| NVDANvidia | 0.1% | $31.0M | 154,727 | +36% | +19% | Members only |
| KE Holdings Inc., Class A, ADR | 0.1% | $26.9M | 1,850,782 | same | — | — |
| SCHWCharles Schwab | 0.1% | $26.7M | 289,871 | -7% | -1% | Members only |
| FISVFiserv | 0.1% | $26.5M | 539,839 | -8% | +89% | Members only |
| STTState Street | 0.1% | $25.1M | 147,966 | -3% | -7% | Members only |
| PLDPrologis | 0.1% | $24.2M | 178,556 | -2% | -28% | Members only |
| JCIJohnson Controls | <0.1% | $20.7M | 141,422 | -27% | -77% | Members only |
| EQIXEquinix | <0.1% | $20.1M | 19,313 | -9% | -34% | Members only |
| Cousins Properties, Inc. | <0.1% | $17.2M | 573,605 | -2% | — | — |
| BXPBXP | <0.1% | $15.4M | 232,050 | -2% | +82% | Members only |
| Brixmor Property Group, Inc. | <0.1% | $15.0M | 477,150 | -15% | — | — |
| ADBEAdobe | <0.1% | $13.9M | 67,894 | +50% | +107% | Members only |
| MTBM&T Bank | <0.1% | $13.8M | 58,072 | -4% | -17% | Members only |
| DOCHealthpeak Properties | <0.1% | $13.5M | 631,026 | -2% | +51% | Members only |
| DLRDigital Realty | <0.1% | $13.2M | 73,280 | -7% | -31% | Members only |
| PSAPublic Storage | <0.1% | $12.0M | 37,740 | -9% | -26% | Members only |
| AvalonBay Communities, Inc. | <0.1% | $11.3M | 59,890 | -25% | — | — |
| SNPSSynopsys | <0.1% | $11.1M | 24,962 | -4% | -60% | Members only |
| SPGSimon Property Group | <0.1% | $11.0M | 49,318 | -2% | -8% | Members only |
| ORCLOracle | <0.1% | $11.0M | 74,923 | -7% | — | Members only |
| American Homes 4 Rent - Class A | <0.1% | $10.9M | 325,590 | +17% | — | — |
| COPT Defense Properties | <0.1% | $10.7M | 292,700 | -2% | — | — |
| TFCTruist Financial | <0.1% | $10.4M | 208,391 | -7% | -5% | Members only |
| Eastgroup Properties, Inc. | <0.1% | $10.4M | 51,230 | -2% | — | — |
| AMTAmerican Tower | <0.1% | $10.3M | 63,250 | -2% | -3% | Members only |
| Sunstone Hotel Investors, Inc. | <0.1% | $10.0M | 870,120 | -2% | — | — |
| VTRVentas | <0.1% | $9.9M | 111,420 | -2% | -22% | Members only |
| CPTCamden Property Trust | <0.1% | $9.9M | 86,120 | -2% | +33% | Members only |
| Noah Holdings Ltd., Class A, ADS | <0.1% | $9.6M | 964,486 | -6% | — | — |
| Darling Ingredients Inc. | <0.1% | $9.3M | 170,846 | -9% | — | — |
| Sap SE - Adr | <0.1% | $9.3M | 60,529 | -81% | — | — |
| REGRegency Centers | <0.1% | $9.3M | 116,340 | -16% | -5% | Members only |
| ESSEssex Property Trust | <0.1% | $8.3M | 28,501 | +70% | +0% | Members only |
| JD.com Inc., Class A, ADR | <0.1% | $7.2M | 283,280 | same | — | — |
| Terreno Realty Corp. | <0.1% | $7.2M | 111,037 | -2% | — | — |
| SBACSBA Communications | <0.1% | $7.2M | 40,700 | NEW | -5% | Members only |
| Rexford Industrial Realty, Inc. | <0.1% | $6.4M | 191,960 | -8% | — | — |
| Equity Residential | <0.1% | $6.2M | 91,855 | -13% | — | — |
| Community Healthcare Trust, Inc. | <0.1% | $5.9M | 322,890 | -2% | — | — |
| ORealty Income | <0.1% | $5.7M | 92,720 | -2% | +46% | Members only |
| VICIVici Properties | <0.1% | $5.7M | 215,360 | -2% | +65% | Members only |
| ANGI Inc., Class A | <0.1% | $5.5M | 932,653 | -2% | — | — |
| Sun Communities, Inc. | <0.1% | $5.1M | 42,480 | -2% | — | — |
| Hudson Pacific Properties, Inc. | <0.1% | $4.8M | 315,236 | -2% | — | — |
| AREAlexandria Real Estate Equities | <0.1% | $4.3M | 80,467 | -55% | +129% | Members only |
| Fermi Inc. | <0.1% | $4.1M | 451,400 | +48% | — | — |
| EXRExtra Space Storage | <0.1% | $4.0M | 27,535 | -2% | +7% | Members only |
| Jones Lang LaSalle, Inc. | <0.1% | $3.8M | 12,295 | -1% | — | — |
| CubeSmart | <0.1% | $3.6M | 90,280 | -2% | — | — |
| Douglas Emmett, Inc | <0.1% | $3.6M | 301,580 | -2% | — | — |
| CBRECBRE Group | <0.1% | $3.4M | 25,390 | -1% | -11% | Members only |
| MAAMid-America Apartment Communities | <0.1% | $3.0M | 21,900 | -54% | +4% | Members only |
| Taiwan Semiconductor Manufacturing, ADR | <0.1% | $1.9M | 3,980 | -45% | — | — |
| LRCXLam Research | <0.1% | $1.2M | 2,780 | same | +2% | Members only |
| Janus Living, Inc. | <0.1% | $1.0M | 35,000 | +250% | — | — |
| iShares S&P 500 Value Index Fund | <0.1% | $746,573 | 3,288 | -72% | — | — |
| Crown Holdings, Inc. | <0.1% | $611,655 | 5,470 | -36% | — | — |
| Coterra Energy, Inc. | — | — | — | SOLD OUT | — | — |
| CCICrown Castle | — | — | — | SOLD OUT | -29% | Members only |
Upside is to our model’s value from each company’s own SEC filings, for the S&P 500 companies we value (how). Positions sold out during the quarter are listed last.
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What a 13F shows, and what it hides: 13F filings explained.
Generated automatically from Davis Advisors’s Form 13F (CIK 1036325, accession 0001036325-26-000020) on SEC EDGAR, compared with its filing for Q1 2026. Long US stock positions only: 13Fs leave out shorts, cash, bonds, most non-US holdings and options (excluded here), and are up to 45 days old when filed. Research only, not investment advice. boring&rich is not affiliated with or endorsed by Davis Advisors or Chris Davis.