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Livermore
Livermore
ZHEN

Davis Selected Advisers

SEC CIK
0001036325
Latest filing
Aug 11, 2026

The latest 13F from Davis Selected Advisers covers Q2 2026 (filed Aug 11, 2026): 112 long positions worth $23.3B. The top 10 holdings make up 48.8% of the portfolio, and the largest is Capital One Financial Corp (COF) at 7.1%. Livermore has 24 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
2
Est. +$1.05B
Added
18
Est. +$867.2M
Reduced
87
Est. −$1.80B
Sold out
2
Est. −$1.31B

Top 5 holdings

Share of this quarter's portfolio value

  1. COFCapital One Financial Corp
    7.1%$1.66BHistory
  2. USBUS Bancorp DE
    5.6%$1.30BHistory
  3. CVSCVS Health Corp
    5.3%$1.23BHistory
  4. VTRSViatris Inc
    5.1%$1.19BHistory
  5. MGMMGM Resorts International
    4.9%$1.14BHistory

Biggest buys

New and added positions, by estimated amount bought

  1. DVNDevon Energy Corp
    +$1.05BNewHistory
  2. JBSJBS N.V.
    +$281.7MAddedHistory
  3. AMZNAmazon Com Inc
    +$202.8MAddedHistory
  4. LYBLyondellBasell Industries N.V.
    +$163.3MAddedHistory
  5. TCOMTrip.com Group Ltd
    +$87.9MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. DVNDevon Energy Corp
    +4.49 pp0.0% → 4.5%History
  2. AMZNAmazon Com Inc
    +1.10 pp3.3% → 4.4%History
  3. UNHUnitedHealth Group Inc
    +0.73 pp1.5% → 2.3%History
  4. JBSJBS N.V.
    +0.38 pp2.2% → 2.5%History
  5. SESea Ltd
    +0.12 pp0.7% → 0.8%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. CTRACoterra Energy Inc.
    −$1.30BSold outHistory
  2. AMATApplied Materials Inc
    −$790.9MReducedHistory
  3. TECKTeck Resources Ltd
    −$132.1MReducedHistory
  4. TXNTexas Instruments Inc
    −$122.9MReducedHistory
  5. QSRRestaurant Brands International Inc.
    −$57.9MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. CTRACoterra Energy Inc.
    −5.99 pp6.0% → 0.0%History
  2. AMATApplied Materials Inc
    −1.56 pp1.9% → 0.3%History
  3. TSNTyson Foods, Inc.
    −0.74 pp3.9% → 3.1%History
  4. METAMeta Platforms, Inc.
    −0.53 pp4.5% → 4.0%History
  5. TECKTeck Resources Ltd
    −0.38 pp2.5% → 2.1%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$23.3B
+$1.51B (+6.9%) vs. prior quarter
Positions
112
0 vs. prior quarter
Top 10 concentration
48.8%
Top 10 as share of value
Turnover
8.5%
Q2 2026, one quarter
Average holding period
17.5 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $24.3B (Q2 2021)

Q1 2021: $22.9BQ2 2021: $24.3BQ3 2021: $21.6BQ4 2021: $21.5BQ1 2022: $19.8BQ2 2022: $15.6BQ3 2022: $14.1BQ4 2022: $14.7BQ1 2023: $15.1BQ2 2023: $16.4BQ3 2023: $15.9BQ4 2023: $17.7BQ1 2024: $17.8BQ2 2024: $17.2BQ3 2024: $17.8BQ4 2024: $17.2BQ1 2025: $17.3BQ2 2025: $18.7BQ3 2025: $19.2BQ4 2025: $22.2BQ1 2026: $21.8BQ2 2026: $23.3B
Q1 2021Q2 2026
13F filings of Davis Selected Advisers by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 11, 2026112$23.3BCOFUSBCVSvs. Q1 2026SEC
Q1 2026May 7, 2026112$21.8BCOFCTRAUSBvs. Q4 2025SEC
Q4 2025Feb 2, 2026108$22.2BCOFUSBMETAvs. Q3 2025SEC
Q3 2025Dec 29, 2025Amended107$19.2BCOFMETAAMATvs. Q2 2025SEC
Q2 2025Aug 8, 2025107$18.7BCOFMETAAMATvs. Q1 2025SEC
Q1 2025May 12, 2025104$17.3BCOFMETABRK.Avs. Q4 2024SEC
Q4 2024Feb 7, 2025100$17.2BCOFMETABRK.Avs. Q3 2024SEC
Q3 2024Nov 8, 2024102$17.8BMETACOFBRK.Avs. Q2 2024SEC
Q2 2024Aug 7, 2024102$17.2BMETACOFBRK.Avs. Q1 2024SEC
Q1 2024May 14, 2024Amended98$17.8BMETACOFWFCvs. Q4 2023SEC
Q4 2023Feb 12, 2024103$17.7BWFCCOFMETAvs. Q3 2023SEC
Q3 2023Nov 9, 2023104$15.9BMETAWFCCOFvs. Q2 2023SEC
Q2 2023Aug 9, 2023102$16.4BMETAWFCCOFvs. Q1 2023SEC
Q1 2023May 8, 2023101$15.1BMETAWFCCOFvs. Q4 2022SEC
Q4 2022Feb 10, 2023109$14.7BWFCCOFBRK.Avs. Q3 2022SEC
Q3 2022Nov 10, 2022114$14.1BWFCCOFBRK.Avs. Q2 2022SEC
Q2 2022Aug 11, 2022114$15.6BWFCCOFBRK.Avs. Q1 2022SEC
Q1 2022May 12, 2022121$19.8BWFCCOFBRK.Avs. Q4 2021SEC
Q4 2021Feb 11, 2022120$21.5BWFCCOFAMATvs. Q3 2021SEC
Q3 2021Nov 12, 2021120$21.6BCOFWFCAMATvs. Q2 2021SEC
Q2 2021Aug 13, 2021119$24.3BCOFWFCAMATvs. Q1 2021SEC
Q1 2021May 13, 2021111$22.9BCOFWFCAMAT–SEC

13D and 13G filings

Companies where Davis Selected Advisers reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

3 companies, largest stake first.

Companies where Davis Selected Advisers owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
MGMMGM Resorts International13G/A9.30%23.9M shares−0.20 ppfrom 9.50%Jan 24, 20257 filingsAug 12, 2026SEC
VTRSViatris Inc13G/A6.50%75.2M shares−0.30 ppfrom 6.80%Feb 9, 20248 filingsAug 12, 2026SEC
JBSJBS N.V.13G6.50%50.0M sharesNewAug 12, 20261 filingAug 12, 2026SEC

Latest filings

34 filings on file made by Davis Selected Advisers or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Davis Selected Advisers
CompanyFiled (ET)FormStakeChangeEvent dateFiling
JBSJBS N.V.Aug 12, 202612:08 PM ET13G6.50%50.0M sharesNewJun 30, 2026SEC
MGMMGM Resorts InternationalAug 12, 202612:00 PM ET13G/A9.30%23.9M shares−0.20 ppfrom 9.50%Jun 30, 2026SEC
VTRSViatris IncAug 12, 202611:59 AM ET13G/A6.50%75.2M shares−0.30 ppfrom 6.80%Jun 30, 2026SEC
MGMMGM Resorts InternationalMay 5, 202610:03 AM ET13G/A9.50%24.3M shares+0.70 ppfrom 8.80%Mar 31, 2026SEC
VTRSViatris IncMay 5, 202610:02 AM ET13G/A6.80%78.2M shares+0.70 ppfrom 6.10%Mar 31, 2026SEC
MGMMGM Resorts InternationalFeb 4, 202611:02 AM ET13G/A8.80%26.8M shares−0.80 ppfrom 9.60%Dec 31, 2025SEC
VTRSViatris IncFeb 4, 202610:56 AM ET13G/A6.10%78.2M shares−0.60 ppfrom 6.70%Dec 31, 2025SEC
MGMMGM Resorts InternationalNov 10, 20259:03 AM ET13G/A9.60%24.0M shares+0.10 ppfrom 9.50%Sep 30, 2025SEC
VTRSViatris IncNov 10, 20259:02 AM ET13G/A6.70%69.3M shares+0.50 ppfrom 6.20%Sep 30, 2025SEC
MGMMGM Resorts InternationalAug 7, 20252:36 PM ET13G/A9.50%23.8M shares+1.40 ppfrom 8.10%Jun 30, 2025SEC
VTRSViatris IncAug 7, 202510:29 AM ET13G/A6.20%66.4M shares+0.20 ppfrom 6.00%Jun 30, 2025SEC
VTRSViatris IncMay 8, 202510:20 AM ET13G/A6.00%64.9M shares+0.10 ppfrom 5.90%Mar 31, 2025SEC
MGMMGM Resorts InternationalMay 8, 202510:14 AM ET13G/A8.10%20.8M shares+1.00 ppfrom 7.10%Mar 31, 2025SEC
VTRSViatris IncJan 24, 20253:39 PM ET13G5.90%62.6M shares–Dec 31, 2024SEC
MGMMGM Resorts InternationalJan 24, 20253:11 PM ET13G7.10%19.9M sharesNewDec 31, 2024SEC
NTBBank of N.T. Butterfield & Son LtdFeb 9, 202413G/AOld format–––SEC
Hollysys Automation Technologies, Ltd.Feb 9, 202413G/AOld format–––SEC
VTRSViatris IncFeb 9, 202413GOld format–New–SEC
VRMVroom, Inc.Feb 10, 202313G/AOld format–––SEC
NTBBank of N.T. Butterfield & Son LtdFeb 10, 202313G/AOld format–––SEC