DAVIS SELECTED ADVISERS

PrivateCIK: 1036325

Location

TUCSON, AZ

112

Positions

$21.78B

Total AUM (reported)

378.88M

Total Shares

Allocation by class

COMMON STOCK$20.41B93.7%

ADR$915.25M4.2%

ETF$460.74M2.1%

Portfolio Concentration

Top 3$4.02B18.5%

4–10$6.28B28.8%

11–25$7.20B33.1%

Rest$4.28B19.7%

Top 3 weight

18.5%

Top 10 weight

47.3%

Voting Authority Distribution

Total shares with voting rights: 378.88M

Sole

Full voting authority

366.78M

% of voting shares96.8%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

12.10M

% of voting shares3.2%

Investment Discretion (by position count)

Sole112

Shared0

Other0

Dominant voting typeSole · 96.8% of voting shares

Institutional Holdings112

Rows:

Capital One Financial Corp.

SOLE

Common Stock

Shares8.54M

TypeSH

Market value$1.56B

7.15%

Sole

8.33M

Shared

0.00

None

205.50K

Coterra Energy, Inc.

SOLE

Common Stock

Shares37.12M

TypeSH

Market value$1.30B

5.99%

Sole

36.06M

Shared

0.00

None

1.06M

U.S. Bancorp

SOLE

Common Stock

Shares22.24M

TypeSH

Market value$1.16B

5.31%

Sole

21.58M

Shared

0.00

None

658.64K

Viatris Inc.

SOLE

Common Stock

Shares78.21M

TypeSH

Market value$1.06B

4.85%

Sole

75.61M

Shared

0.00

None

2.61M

Meta Platforms, Inc., Class A

SOLE

Common Stock

Shares1.72M

TypeSH

Market value$983.59M

4.52%

Sole

1.67M

Shared

0.00

None

48.79K

MGM Resorts International

SOLE

Common Stock

Shares24.30M

TypeSH

Market value$899.17M

4.13%

Sole

23.58M

Shared

0.00

None

711.19K

Alphabet Inc., Class A

SOLE

Common Stock

Shares3.09M

TypeSH

Market value$889.90M

4.09%

Sole

Shared

0.00

None

98.17K

CVS Health Corporation

SOLE

Common Stock

Shares12.24M

TypeSH

Market value$879.05M

4.04%

Sole

11.89M

Shared

0.00

None

349.93K

Tyson Foods Inc

SOLE

Common Stock

Shares13.09M

TypeSH

Market value$838.72M

3.85%

Sole

12.71M

Shared

0.00

None

375.73K

Markel Group, Inc

SOLE

Common Stock

Shares383.43K

TypeSH

Market value$733.96M

3.37%

Sole

372.73K

Shared

0.00

None

10.70K

Amazon.com, Inc.

SOLE

Common Stock

Shares3.43M

TypeSH

Market value$713.38M

3.28%

Sole

3.32M

Shared

0.00

None

101.52K

Berkshire Hathaway Inc., Class A

SOLE

Common Stock

Shares923.00

TypeSH

Market value$662.84M

3.04%

Sole

923.00

Shared

0.00

None

0.00

Wells Fargo & Co.

SOLE

Common Stock

Shares8.19M

TypeSH

Market value$652.08M

2.99%

Sole

Shared

0.00

None

186.86K

Cigna Group

SOLE

Common Stock

Shares2.23M

TypeSH

Market value$595.91M

2.74%

Sole

2.16M

Shared

0.00

None

77.11K

Texas Instruments, Inc.

SOLE

Common Stock

Shares2.85M

TypeSH

Market value$553.24M

2.54%

Sole

2.75M

Shared

0.00

None

98.73K

Teck Resources Ltd., Class B

SOLE

Common Stock

Shares10.58M

TypeSH

Market value$547.76M

2.51%

Sole

10.20M

Shared

0.00

None

380.47K

JBS N.V., Class A

SOLE

Common Stock

Shares26.24M

TypeSH

Market value$471.35M

2.16%

Sole

26.24M

Shared

0.00

None

899.00

LyondellBasell Industries N.V.

SOLE

Common Stock

Shares5.60M

TypeSH

Market value$450.86M

2.07%

Sole

5.48M

Shared

0.00

None

115.08K

Solventum Corp.

SOLE

Common Stock

Shares6.33M

TypeSH

Market value$413.37M

1.90%

Sole

6.09M

Shared

0.00

None

241.62K

Applied Materials, Inc.

SOLE

Common Stock

Shares1.20M

TypeSH

Market value$409.16M

1.88%

Sole

1.15M

Shared

0.00

None

45.77K

Chubb Ltd.

SOLE

Common Stock

Shares1.20M

TypeSH

Market value$389.62M

1.79%

Sole

1.17M

Shared

0.00

None

26.80K

Berkshire Hathaway Inc., Class B

SOLE

Common Stock

Shares749.85K

TypeSH

Market value$359.34M

1.65%

Sole

694.98K

Shared

0.00

None

54.87K

UnitedHealth Group Inc.

SOLE

Common Stock

Shares1.25M

TypeSH

Market value$337.56M

1.55%

Sole

1.21M

Shared

0.00

None

37.24K

Trip.com Group Ltd., ADR

SOLE

ADR

Shares6.56M

TypeSH

Market value$326.38M

1.50%

Sole

6.55M

Shared

0.00

None

355.00

Quest Diagnostics Inc.

SOLE

Common Stock

Shares1.62M

TypeSH

Market value$317.06M

1.46%

Sole

1.52M

Shared

0.00

None

98.55K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
Capital One Financial Corp.SOLE	Common Stock	8.54M	SH	$1.56B 7.15%	8.33M	205.50K
Coterra Energy, Inc.SOLE	Common Stock	37.12M	SH	$1.30B 5.99%	36.06M	1.06M
U.S. BancorpSOLE	Common Stock	22.24M	SH	$1.16B 5.31%	21.58M	658.64K
Viatris Inc.SOLE	Common Stock	78.21M	SH	$1.06B 4.85%	75.61M	2.61M
Meta Platforms, Inc., Class ASOLE	Common Stock	1.72M	SH	$983.59M 4.52%	1.67M	48.79K
MGM Resorts InternationalSOLE	Common Stock	24.30M	SH	$899.17M 4.13%	23.58M	711.19K
Alphabet Inc., Class ASOLE	Common Stock	3.09M	SH	$889.90M 4.09%	3M	98.17K
CVS Health CorporationSOLE	Common Stock	12.24M	SH	$879.05M 4.04%	11.89M	349.93K
Tyson Foods IncSOLE	Common Stock	13.09M	SH	$838.72M 3.85%	12.71M	375.73K
Markel Group, IncSOLE	Common Stock	383.43K	SH	$733.96M 3.37%	372.73K	10.70K
Amazon.com, Inc.SOLE	Common Stock	3.43M	SH	$713.38M 3.28%	3.32M	101.52K
Berkshire Hathaway Inc., Class ASOLE	Common Stock	923.00	SH	$662.84M 3.04%	923.00	0.00
Wells Fargo & Co.SOLE	Common Stock	8.19M	SH	$652.08M 2.99%	8M	186.86K
Cigna GroupSOLE	Common Stock	2.23M	SH	$595.91M 2.74%	2.16M	77.11K
Texas Instruments, Inc.SOLE	Common Stock	2.85M	SH	$553.24M 2.54%	2.75M	98.73K
Teck Resources Ltd., Class BSOLE	Common Stock	10.58M	SH	$547.76M 2.51%	10.20M	380.47K
JBS N.V., Class ASOLE	Common Stock	26.24M	SH	$471.35M 2.16%	26.24M	899.00
LyondellBasell Industries N.V.SOLE	Common Stock	5.60M	SH	$450.86M 2.07%	5.48M	115.08K
Solventum Corp.SOLE	Common Stock	6.33M	SH	$413.37M 1.90%	6.09M	241.62K
Applied Materials, Inc.SOLE	Common Stock	1.20M	SH	$409.16M 1.88%	1.15M	45.77K
Chubb Ltd.SOLE	Common Stock	1.20M	SH	$389.62M 1.79%	1.17M	26.80K
Berkshire Hathaway Inc., Class BSOLE	Common Stock	749.85K	SH	$359.34M 1.65%	694.98K	54.87K
UnitedHealth Group Inc.SOLE	Common Stock	1.25M	SH	$337.56M 1.55%	1.21M	37.24K
Trip.com Group Ltd., ADRSOLE	ADR	6.56M	SH	$326.38M 1.50%	6.55M	355.00
Quest Diagnostics Inc.SOLE	Common Stock	1.62M	SH	$317.06M 1.46%	1.52M	98.55K

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