Christopher Davis

Davis Selected Advisers

Value

The third generation to lead the Davis funds, Christopher Davis continues a long-term value philosophy inherited from his grandfather, Shelby Cullom Davis.

As of June 30, 2026, the Christopher Davis portfolio (Davis Selected Advisers) holds 112 equity positions worth $23.3B. That is up 6.9% from $21.8B in Q1 2026. Over the quarter, the fund opened 64 new positions, exited 2, increased 7 and trimmed 37 (full breakdown below).

Portfolio

$23.3B

Equity positions

112

Top 10 concentration

48.8%

Weighted yield

1.4%

Dividend coverage

0.2%

Portfolio as of June 30, 2026

Quarter

Company ↕	Type	Shares ↕	Value ↓	% ↕
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Quarterly moves

Q1 2026 → Q2 2026

Portfolio value went from $21.8B to $23.3B (+6.9%) quarter over quarter.

New buys

Amount invested · % of portfolio

U.S. Bancorp $1.3B · 5.6%
Viatris Inc. $1.2B · 5.1%
MGM Resorts International $1.1B · 4.9%
Devon Energy Corp. $1.0B · 4.5%
Meta Platforms, Inc., Class A $929M · 4.0%
Markel Group, Inc $794M · 3.4%
Texas Instruments, Inc. $727M · 3.1%
Tyson Foods Inc $724M · 3.1%
Wells Fargo & Co. $662M · 2.8%
JBS N.V., Class A $593M · 2.5%
UnitedHealth Group Inc. $530M · 2.3%
Teck Resources Ltd., Class B $497M · 2.1%
Solventum Corp. $487M · 2.1%
LyondellBasell Industries N.V. $458M · 2.0%
Trip.com Group Ltd., ADR $349M · 1.5%
Owens Corning $331M · 1.4%
Quest Diagnostics Inc. $330M · 1.4%
Pinterest, Inc., Class A $264M · 1.1%
Full Truck Alliance Co. Ltd., ADR $224M · 1.0%
Restaurant Brands International, Inc. $203M · 0.9%
Sea Ltd., Class A, ADR $193M · 0.8%
JPMorgan Chase & Co. $156M · 0.7%
Fifth Third Bancorp $151M · 0.7%
Wesco International, Inc. $126M · 0.5%
PNC Financial Services Group, Inc. $122M · 0.5%
People Inc. $111M · 0.5%
NetEase Inc. - ADR $79M · 0.3%
RenaissanceRe Holdings Ltd $74M · 0.3%
Rocket Companies, Inc., Class A $70M · 0.3%
Loews Corp. $62M · 0.3%
Vale S.A., ADR $44M · 0.2%
Microsoft Corp. $35M · 0.2%
NVIDIA Corp. $31M · 0.1%
KE Holdings Inc., Class A, ADR $27M · 0.1%
Fiserv, Inc. $26M · 0.1%
State Street Corp. $25M · 0.1%
Prologis, Inc. $24M · 0.1%
Johnson Controls International plc $21M · 0.1%
M & T Bank Corp $14M · 0.1%
Healthpeak Properties, Inc. $14M · 0.1%
Public Storage, Inc. $12M · 0.1%
Synopsys, Inc. $11M · 0.1%
Simon Property Group, Inc. $11M · 0.1%
Oracle Corporation $11M · 0.1%
Truist Financial Corp. $10M · 0.0%
Sunstone Hotel Investors, Inc. $10M · 0.0%
Ventas, Inc. $10M · 0.0%
Noah Holdings Ltd., Class A, ADS $10M · 0.0%
SAP SE - ADR $9M · 0.0%
Regency Centers Corporation $9M · 0.0%
JD.com Inc., Class A, ADR $7M · 0.0%
Terreno Realty Corp. $7M · 0.0%
SBA Communications Corp-CL A $7M · 0.0%
Rexford Industrial Realty, Inc. $6M · 0.0%
Realty Income Corp. $6M · 0.0%
VICI Properties, Inc. $6M · 0.0%
Sun Communities, Inc. $5M · 0.0%
Hudson Pacific Properties, Inc. $5M · 0.0%
Jones Lang LaSalle, Inc. $4M · 0.0%
Mid-America Apartment Communities, Inc. $3M · 0.0%
Taiwan Semiconductor Manufacturing, ADR $2M · 0.0%
Lam Research Corp. $1M · 0.0%
Janus Living, Inc. $1M · 0.0%
iShares S&P 500 Value Index Fund $747K · 0.0%

Positions added to

Amount bought · (±%) · % of portfolio

Amazon.com, Inc. $203M (+24.8%) · 4.4%
Cigna Group $5M (+0.9%) · 2.7%
ConocoPhillips $224K (+0.1%) · 0.8%
Adobe Inc. $5M (+50.4%) · 0.1%
American Homes 4 Rent - Class A $2M (+17.5%) · 0.1%
Essex Property Trust, Inc. $3M (+70%) · 0.0%
Fermi Inc. $1M (+47.6%) · 0.0%

Positions trimmed

Amount sold · (±%) · % of portfolio

Capital One Financial Corp. $49M (-3.1%) · 7.1%
CVS Health Corporation $27M (-3.1%) · 5.3%
Alphabet Inc., Class A $45M (-5.1%) · 4.5%
Berkshire Hathaway Inc., Class A $39M (-6%) · 2.8%
Chubb Ltd. $15M (-4%) · 1.7%
Berkshire Hathaway Inc., Class B $5M (-1.5%) · 1.6%
AGCO Corporation $3M (-1.3%) · 1.1%
Alphabet Inc., Class C $33M (-16.7%) · 0.9%
AppLovin Corp., Class A $8M (-6%) · 0.7%
Applied Materials, Inc. $374M (-91.4%) · 0.3%
American Express Co. $7M (-10%) · 0.3%
Bank of N.T. Butterfield & Son Limited $3M (-5.7%) · 0.3%
Bank of America Corp. $8M (-14.4%) · 0.2%
Bank of New York Mellon Corp. $19M (-30.2%) · 0.2%
Chime Financial, Inc. $4M (-8.2%) · 0.2%
Everest Group, Ltd. $5M (-10.3%) · 0.2%
Charles Schwab Corp. $2M (-6.8%) · 0.1%
Equinix, Inc. $2M (-9%) · 0.1%
Cousins Properties, Inc. $290K (-2.2%) · 0.1%
BXP, Inc. $267K (-2.2%) · 0.1%
Brixmor Property Group, Inc. $2M (-15.3%) · 0.1%
Digital Realty Trust, Inc. $1M (-7.1%) · 0.1%
AvalonBay Communities, Inc. $3M (-25.1%) · 0.1%
COPT Defense Properties $199K (-2.2%) · 0.1%
Eastgroup Properties, Inc. $211K (-2.2%) · 0.0%
American Tower Corp $236K (-2.1%) · 0.0%
Camden Property Trust $185K (-2.1%) · 0.0%
Darling Ingredients Inc. $1M (-9.1%) · 0.0%
Equity Residential $823K (-13.2%) · 0.0%
Community Healthcare Trust, Inc. $114K (-2.2%) · 0.0%
ANGI Inc., Class A $112K (-1.7%) · 0.0%
Alexandria Real Estate Equities, Inc. $5M (-55.5%) · 0.0%
Extra Space Storage, Inc. $79K (-2.1%) · 0.0%
CubeSmart $73K (-2.2%) · 0.0%
Douglas Emmett, Inc $63K (-2.2%) · 0.0%
CBRE Group, Inc. $30K (-0.9%) · 0.0%
Crown Holdings, Inc. $311K (-36.2%) · 0.0%

Positions closed

Coterra Energy, Inc. $1.3B
Crown Castle, Inc. $3M

Portfolio value over time

Top 10 holdings evolution as of June 30, 2026

Share of portfolio (%) since inception, top 10 as of the selected quarter.

Sector breakdown

Based on holdings matched to a stock referenced on the site.

Dividend aristocrats held

Stocks with at least 25 consecutive years of dividend growth.

No matching holding among stocks referenced on the site.

Frequently asked questions

What are Christopher Davis's top holdings?

As of June 30, 2026, the top three holdings of Davis Selected Advisers are Capital One Financial Corp., U.S. Bancorp, CVS Health Corporation.

How many positions does Christopher Davis hold?

Davis Selected Advisers reports 112 equity positions worth $23.3B as of June 30, 2026.

Does Christopher Davis invest in dividend stocks?

The weighted dividend yield of the covered portion of the portfolio is approximately 1.4%.

Data sourced from 13F filings submitted to the SEC, published with roughly 45 days of lag. A 13F only covers long positions in U.S.-traded securities: it excludes short sales, non-U.S. holdings and cash. Provided for informational purposes only and does not constitute investment advice.