2026 Q2 Portfolio Activity
In 2026 Q2, Davis Asset Management, L.P. maintained a portfolio of 88 distinct positions. The most significant new addition was Dow Holdings Inc, now representing 0.00% of the total fund value. They heavily accumulated shares in Marketaxess Hldgs Inc, increasing the position by 359.4%.
Position History
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Total Positions
88
Quarter
2026 Q2
Top Holding
GOOG (9.4%)
Top 10 Concentration
58.3%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 88
Davis Asset Management, L.P. Full Holdings List — 2026 Q2
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
GOOG
Alphabet Inc
|
Communication Services | 9.39% | 8.30% |
#1
2
Prev: #3
|
6.3 |
—
|
49,574 | 5.0% |
P
S
|
1,049,574 | $370,846,017 | 2022 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
BRK/A
Berkshire Hatha...
|
Financial Services | 9.22% | 9.87% |
#2
1
Prev: #1
|
5.7 |
—
|
11 | 2.3% |
P
S
|
486 | $363,941,100 | 2022 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
META
Meta Platforms
|
Communication Services | 7.37% | 8.53% |
#3
1
Prev: #2
|
4.4 |
—
|
2,000 | 0.4% |
P
S
|
517,000 | $291,220,930 | 2022 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
WAL
Western Allianc...
|
Financial Services | 6.94% | 6.32% |
#4
Prev: #4
|
5.3 |
—
|
253,000 | 8.2% |
P
S
|
3,336,000 | $274,219,200 | 2022 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
MKL
Markel
|
Financial Services | 4.56% | 3.91% |
#5
4
Prev: #9
|
4.8 |
—
|
21,474 | 30.4% |
P
S
|
92,105 | $179,882,025 | 2022 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
BRK/B
Berkshire Hatha...
|
Financial Services | 4.49% | 4.38% |
#6
Prev: #6
|
3.8 |
—
|
38,573 | 12.2% |
P
S
|
354,216 | $177,246,144 | 2022 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
CB
Chubb Limited
|
Financial Services | 4.27% | 4.66% |
#7
2
Prev: #5
|
2.7 |
—
|
no change | no change |
P
S
|
494,556 | $168,515,011 | 2022 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
CRBG
Corebridge Fina...
|
Financial Services | 4.21% | 4.01% |
#8
1
Prev: #7
|
2.2 |
—
|
-4,000 | -0.1% |
P
S
|
5,800,000 | $166,054,000 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
JPM
JPMorgan Chase ...
|
Financial Services | 4.09% | 3.99% |
#9
1
Prev: #8
|
3.6 |
—
|
25,110 | 5.4% |
P
S
|
493,896 | $161,666,978 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
AX
AXOS Financial ...
|
Financial Services | 3.79% | 3.59% |
#10
Prev: #10
|
2.5 |
—
|
no change | no change |
P
S
|
1,535,219 | $149,514,978 | 2022 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
PGR
Progressive Cor...
|
Financial Services | 2.79% | 2.89% |
#11
1
Prev: #12
|
2.1 |
—
|
no change | no change |
P
S
|
504,510 | $110,210,210 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
V
Visa Inc
|
Financial Services | 2.78% | 2.80% |
#12
2
Prev: #14
|
2.1 |
—
|
no change | no change |
P
S
|
320,000 | $109,788,800 | 2022 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
GPN
Global Payments...
|
Industrials | 2.73% | 2.89% |
#13
Prev: #13
|
2.1 |
—
|
no change | no change |
P
S
|
1,485,000 | $107,751,600 | 2022 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
FAF
First American ...
|
Financial Services | 2.61% | 2.62% |
#14
1
Prev: #15
|
2.0 |
—
|
no change | no change |
P
S
|
1,500,000 | $102,885,000 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
MTB
M&T Bank
|
Financial Services | 2.47% | 2.45% |
#15
1
Prev: #16
|
2.0 |
—
|
no change | no change |
P
S
|
410,000 | $97,584,100 | 2023 Q1 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
GS
Goldman Sachs G...
|
Financial Services | 2.37% | 2.26% |
#16
1
Prev: #17
|
1.9 |
—
|
no change | no change |
P
S
|
92,391 | $93,441,486 | 2022 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
ACN
Accenture PLC C...
|
Technology | 2.33% | 3.10% |
#17
6
Prev: #11
|
3.4 |
—
|
200,000 | 37.0% |
P
S
|
740,000 | $92,085,600 | 2025 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
SFBS
Servisfirst Ban...
|
Financial Services | 2.00% | 1.92% |
#18
1
Prev: #19
|
1.8 |
—
|
no change | no change |
P
S
|
910,376 | $78,975,118 | 2022 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
FSBC
Five Star Banco...
|
Financial Services | 1.86% | 1.65% |
#19
3
Prev: #22
|
1.7 |
—
|
no change | no change |
P
S
|
1,511,500 | $73,594,935 | 2022 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
EQR
Equity Resident...
|
Bond/Debt | 1.83% | 1.83% |
#20
Prev: #20
|
1.2 |
—
|
-3,000 | -0.3% |
P
S
|
1,065,000 | $72,345,450 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
ACGL
Arch Capital Gr...
|
Financial Services | 1.60% | 1.81% |
#21
Prev: #21
|
1.6 |
—
|
no change | no change |
P
S
|
650,000 | $63,089,000 | 2022 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
BABA
Alibaba
|
Consumer Cyclical | 1.48% | 2.21% |
#22
4
Prev: #18
|
1.6 |
—
|
no change | no change |
P
S
|
607,561 | $58,313,705 | 2022 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
MKTX
Marketaxess Hld...
|
Financial Services | 1.44% | 0.52% |
#23
11
Prev: #34
|
3.6 |
—
|
391,154 | 359.4% |
P
S
|
500,000 | $56,745,000 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
TCBK
TriCo Bancshare...
|
Financial Services | 1.43% | 1.44% |
#24
1
Prev: #25
|
1.6 |
—
|
no change | no change |
P
S
|
1,046,900 | $56,375,565 | 2022 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
ABCB
Ameris Bancorp
|
Financial Services | 1.42% | 1.40% |
#25
1
Prev: #26
|
1.6 |
—
|
no change | no change |
P
S
|
621,800 | $56,123,668 | 2022 Q4 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
MA
Mastercard Inc
|
Financial Services | 1.33% | 1.47% |
#26
2
Prev: #24
|
1.5 |
—
|
no change | no change |
P
S
|
102,000 | $52,387,200 | 2022 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
CG
Carlyle Group
|
Financial Services | 1.21% | 1.58% |
#27
4
Prev: #23
|
1.5 |
—
|
no change | no change |
P
S
|
1,131,000 | $47,626,410 | 2022 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
USB
US Bancorp Del ...
|
Financial Services | 1.09% | 1.08% |
#28
Prev: #28
|
1.4 |
—
|
no change | no change |
P
S
|
715,210 | $43,198,684 | 2022 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
OSBC
Old Second Banc...
|
Financial Services | 1.06% | 1.05% |
#29
Prev: #29
|
1.4 |
—
|
no change | no change |
P
S
|
1,800,000 | $41,976,000 | 2024 Q2 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
RJF
Raymond James F...
|
Financial Services | 1.04% | 1.13% |
#30
3
Prev: #27
|
1.4 |
—
|
no change | no change |
P
S
|
270,000 | $41,048,100 | 2022 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
FBK
FB Financial Co...
|
Financial Services | 0.87% | 0.93% |
#31
1
Prev: #30
|
1.3 |
—
|
no change | no change |
P
S
|
619,236 | $34,274,713 | 2025 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
CCNE
CNB Financial C...
|
Financial Services | 0.81% | 0.80% |
#32
1
Prev: #31
|
1.3 |
—
|
no change | no change |
P
S
|
950,000 | $32,024,500 | 2022 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
WFC
Wells Fargo
|
Financial Services | 0.71% | 0.78% |
#33
1
Prev: #32
|
1.3 |
—
|
no change | no change |
P
S
|
337,969 | $27,929,758 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
N/A
Infleqtion Inc.
|
|
Unknown | 0.70% | — |
#34
Prev: #—
|
3.8 |
—
|
2,085,798 | — |
NEW
|
2,085,798 | $27,782,829 | — | 13F Filing | 2026-06-30 | 2026-08-12 | ||
|
AXP
American Expres...
|
Financial Services | 0.54% | 0.55% |
#35
2
Prev: #33
|
1.2 |
—
|
no change | no change |
P
S
|
63,000 | $21,309,750 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
STT
State Street Co...
|
Financial Services | 0.33% | 0.42% |
#36
1
Prev: #35
|
0.1 |
—
|
-40,000 | -34.5% |
P
S
|
76,000 | $12,889,600 | 2022 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
TSBK
Timberland Banc...
|
Financial Services | 0.20% | 0.20% |
#37
1
Prev: #36
|
1.1 |
—
|
no change | no change |
P
S
|
174,476 | $7,818,270 | 2022 Q3 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
AMAT
Applied Materia...
|
Technology | 0.12% | 0.07% |
#38
1
Prev: #39
|
1.0 |
—
|
no change | no change |
P
S
|
6,626 | $4,790,258 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
XOM
Exxon Mobil Cor...
|
Energy | 0.08% | 0.12% |
#39
2
Prev: #37
|
1.0 |
—
|
no change | no change |
P
S
|
24,166 | $3,303,976 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
JNJ
Johnson & Johns...
|
Healthcare | 0.08% | 0.09% |
#40
2
Prev: #38
|
1.0 |
—
|
no change | no change |
P
S
|
12,500 | $3,174,625 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
KO
The Coca Cola C...
|
Consumer Defensive | 0.05% | 0.06% |
#41
Prev: #41
|
1.0 |
—
|
no change | no change |
P
S
|
25,000 | $2,031,750 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
BLK
BlackRock Inc.
|
Financial Services | 0.05% | 0.06% |
#42
2
Prev: #40
|
1.0 |
—
|
no change | no change |
P
S
|
2,100 | $2,019,276 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
MGM
MGM Resorts Int...
|
Consumer Cyclical | 0.04% | 0.03% |
#43
Prev: #43
|
1.0 |
—
|
no change | no change |
P
S
|
31,458 | $1,504,021 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
GOOGL
Alphabet Inc
|
Communication Services | 0.04% | 0.04% |
#44
2
Prev: #42
|
0.5 |
—
|
-750 | -15.8% |
P
S
|
4,000 | $1,429,480 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
DE
Deere & Company
|
Industrials | 0.03% | 0.03% |
#45
1
Prev: #44
|
1.0 |
—
|
no change | no change |
P
S
|
1,943 | $1,232,249 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
TRV
The Travelers C...
|
Financial Services | 0.03% | 0.03% |
#46
1
Prev: #45
|
1.0 |
—
|
no change | no change |
P
S
|
3,653 | $1,205,928 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
LLY
Eli Lily
|
Healthcare | 0.02% | 0.02% |
#47
1
Prev: #46
|
1.0 |
—
|
no change | no change |
P
S
|
637 | $764,037 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
MRK
Merck & Co. Inc...
|
Healthcare | 0.01% | 0.01% |
#48
1
Prev: #47
|
1.0 |
—
|
no change | no change |
P
S
|
4,000 | $514,000 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
LIN
Linde PLC
|
Basic Materials | 0.01% | 0.01% |
#49
1
Prev: #48
|
1.0 |
—
|
no change | no change |
P
S
|
900 | $467,046 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-12 | |||
|
N/A
Weyerhaeuser Co...
|
|
Unknown | 0.01% | 0.01% |
#50
1
Prev: #49
|
1.0 |
—
|
no change | no change |
P
S
|
17,301 | $414,186 | — | 13F Filing | 2026-06-30 | 2026-08-12 |
Showing 1-50 of 88 holdings