Investor: Christopher Davis
Number of Assets: 107
Reporting Period: Q3 - 2025
Holdings at Report: $19,154,485,365
Return Since Report: +$1,025,083,767
Return Since Report: +5.35%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Agco Corp. (AGCO) | Equity | +0.46% | 1,812,922 | 1.01% | $107.07 | $106.70 | $194,109,559 | $193,429,713 | -$679,846 | -0.35% |
| Alexandria Real Estate Equities Inc. (ARE) | Equity | +15.35% | 180,157 | 0.08% | $83.34 | $46.06 | $15,014,284 | $8,297,131 | -$6,717,153 | -44.74% |
| Alphabet Inc. (GOOGL) | Equity | -2.94% | 2,770,594 | 3.52% | $243.10 | $304.17 | $673,531,304 | $842,731,577 | +$169,200,273 | +25.12% |
| Alphabet Inc. (GOOG) | Equity | -0.67% | 646,051 | 0.82% | $243.55 | $305.91 | $157,345,721 | $197,633,461 | +$40,287,740 | +25.60% |
| Amazon.com Inc. (AMZN) | Equity | -4.01% | 3,137,986 | 3.60% | $219.57 | $221.92 | $689,007,586 | $696,381,853 | +$7,374,267 | +1.07% |
| American Express Company (AXP) | Equity | -8.34% | 247,940 | 0.43% | $332.16 | $379.85 | $82,355,848 | $94,180,009 | +$11,824,161 | +14.36% |
| American Homes 4 Rent (AMH) | Equity | +14.08% | 285,600 | 0.05% | $33.25 | $31.28 | $9,496,200 | $8,933,568 | -$562,632 | -5.92% |
| American Tower Corp. (AMT) | Equity | -28.35% | 65,670 | 0.07% | $192.32 | $179.28 | $12,629,654 | $11,773,318 | -$856,336 | -6.78% |
| Angi inc Class A | Equity | -19.71% | 949,006 | 0.08% | $16.26 | $0.00 | $15,430,837 | $0 | -$15,430,837 | -100% |
| Applied Materials Inc. (AMAT) | Equity | +12.03% | 5,553,992 | 5.94% | $204.74 | $256.88 | $1,137,124,285 | $1,426,709,465 | +$289,585,180 | +25.47% |
| Applovin Corp. (APP) | Equity | +3.95% | 223,574 | 0.84% | $718.54 | $669.33 | $160,646,862 | $149,643,668 | -$11,003,194 | -6.85% |
| Avalonbay Communities Inc. (AVB) | Equity | +15.15% | 66,580 | 0.07% | $193.17 | $176.81 | $12,861,259 | $11,772,010 | -$1,089,249 | -8.47% |
| Bank Of America Corp. (BAC) | Equity | -0.24% | 1,150,589 | 0.31% | $51.59 | $54.92 | $59,358,887 | $63,184,595 | +$3,825,708 | +6.45% |
| The Bank Of N.T. Butterfield & Son Limited (NTB) | Equity | -0.33% | 1,058,793 | 0.24% | $42.92 | $51.09 | $45,443,396 | $54,093,734 | +$8,650,338 | +19.04% |
| The Bank Of New York Mellon Corp. (BK) | Equity | -46.76% | 1,010,681 | 0.57% | $108.96 | $114.67 | $110,123,786 | $115,894,790 | +$5,771,004 | +5.24% |
| Berkshire Hathaway Inc. (BRK-A) | Equity | -6.29% | 998 | 3.93% | $754,200.00 | $750,354.38 | $752,691,600 | $748,853,666 | -$3,837,934 | -0.51% |
| Berkshire Hathaway Inc. (BRK-B) | Equity | -3.59% | 533,948 | 1.40% | $502.74 | $500.35 | $268,437,018 | $267,158,212 | -$1,278,806 | -0.48% |
| Brixmor Property Group Inc. (BRX) | Equity | +14.37% | 570,000 | 0.08% | $27.68 | $25.68 | $15,777,600 | $14,634,750 | -$1,142,850 | -7.24% |
| Bxp Inc. (BXP) | Equity | +14.37% | 239,760 | 0.09% | $74.34 | $70.77 | $17,823,758 | $16,967,815 | -$855,943 | -4.80% |
| Camden Property Trust (CPT) | Equity | +13.31% | 89,120 | 0.05% | $106.78 | $104.56 | $9,516,234 | $9,318,387 | -$197,847 | -2.08% |
| Capital One Financial Corp. (COF) | Equity | -6.43% | 8,380,117 | 9.30% | $212.58 | $240.78 | $1,781,445,282 | $2,017,772,951 | +$236,327,669 | +13.27% |
| The Charles Schwab Corp. (SCHW) | Equity | +0.00% | 296,441 | 0.15% | $95.47 | $95.88 | $28,301,222 | $28,422,763 | +$121,541 | +0.43% |
| Chime Financial Inc. (CHYM) | Equity | +100% | 2,399,166 | 0.25% | $20.17 | $25.11 | $48,391,178 | $60,243,058 | +$11,851,880 | +24.49% |
| Chubb Limited (CB) | Equity | -0.13% | 1,070,445 | 1.58% | $282.25 | $311.04 | $302,133,175 | $332,951,213 | +$30,818,038 | +10.20% |
| The Cigna Group (CI) | Equity | +0.07% | 656,318 | 0.99% | $288.25 | $275.53 | $189,183,664 | $180,835,299 | -$8,348,365 | -4.41% |
| Community Healthcare Trust Inc. (CHCT) | Equity | +0.27% | 333,190 | 0.03% | $15.30 | $15.42 | $5,097,807 | $5,137,790 | +$39,983 | +0.78% |
| ConocoPhillips (COP) | Equity | +0.87% | 1,599,311 | 0.79% | $94.59 | $91.19 | $151,278,828 | $145,842,769 | -$5,436,059 | -3.59% |
| Copt Defense Properties (CDP) | Equity | +104.84% | 302,120 | 0.05% | $29.06 | $29.08 | $8,779,607 | $8,785,650 | +$6,043 | +0.07% |
| Coterra Energy Inc. (CTRA) | Equity | +112.93% | 19,883,481 | 2.46% | $23.65 | $25.24 | $470,244,326 | $501,859,060 | +$31,614,734 | +6.72% |
| Cousins Properties Inc. (CUZ) | Equity | +11.32% | 512,355 | 0.08% | $28.94 | $24.99 | $14,827,554 | $12,803,751 | -$2,023,803 | -13.65% |
| Crown Castle Inc. (CCI) | Equity | +2.22% | 43,240 | 0.02% | $96.49 | $88.19 | $4,172,228 | $3,813,336 | -$358,892 | -8.60% |
| Crown Holdings Inc. (CCK) | Equity | 0% | 8,570 | 0.00% | $96.59 | $101.11 | $827,776 | $866,547 | +$38,771 | +4.68% |
| CVS Health Corp. (CVS) | Equity | -1.58% | 11,403,641 | 4.49% | $75.39 | $78.17 | $859,720,495 | $891,365,599 | +$31,645,104 | +3.68% |
| Darling Ingredients Inc. (DAR) | Equity | +0.42% | 2,453,940 | 0.40% | $30.87 | $34.95 | $75,753,128 | $85,765,203 | +$10,012,075 | +13.22% |
| Davis Select Financial ETF (DFNL) | Equity | 0% | 2,129,860 | 0.50% | $45.22 | $48.44 | $96,312,281 | $103,174,678 | +$6,862,397 | +7.13% |
| Davis Select International ETF (DINT) | Equity | 0% | 3,890,080 | 0.57% | $27.98 | $28.09 | $108,844,451 | $109,272,347 | +$427,896 | +0.39% |
| Davis Select U.S. Equity ETF (DUSA) | Equity | 0% | 3,383,338 | 0.85% | $47.90 | $50.89 | $162,062,531 | $172,161,154 | +$10,098,623 | +6.23% |
| Davis Select Worldwide ETF (DWLD) | Equity | 0% | 1,916,287 | 0.45% | $45.23 | $46.38 | $86,673,671 | $88,867,810 | +$2,194,139 | +2.53% |
| Digital Realty Trust Inc. (DLR) | Equity | +18.73% | 81,280 | 0.07% | $172.88 | $150.66 | $14,051,686 | $12,245,726 | -$1,805,960 | -12.85% |
| Douglas Emmett Inc. (DEI) | Equity | +14.76% | 317,600 | 0.03% | $15.57 | $13.57 | $4,945,032 | $4,308,244 | -$636,788 | -12.88% |
| Eastgroup Properties Inc. (EGP) | Equity | +14.76% | 52,940 | 0.05% | $169.26 | $181.43 | $8,960,624 | $9,604,904 | +$644,280 | +7.19% |
| Equinix Inc. (EQIX) | Equity | +39.20% | 21,803 | 0.09% | $783.24 | $756.88 | $17,076,982 | $16,502,255 | -$574,727 | -3.37% |
| Equity Residential (EQR) | Equity | +5.40% | 107,215 | 0.04% | $64.73 | $60.72 | $6,940,027 | $6,510,095 | -$429,932 | -6.19% |
| Essex Property Trust Inc. (ESS) | Equity | -40.61% | 16,951 | 0.02% | $267.66 | $254.06 | $4,537,105 | $4,306,571 | -$230,534 | -5.08% |
| Everest Group Ltd. (EG) | Equity | -0.18% | 39,428 | 0.07% | $350.23 | $326.58 | $13,808,868 | $12,876,475 | -$932,393 | -6.75% |
| Extra Space Storage Inc. (EXR) | Equity | -3.01% | 55,055 | 0.04% | $140.94 | $131.52 | $7,759,452 | $7,240,834 | -$518,618 | -6.68% |
| Fifth Third Bancorp. (FITB) | Equity | +6.21% | 2,668,869 | 0.62% | $44.55 | $47.54 | $118,898,114 | $126,864,688 | +$7,966,574 | +6.70% |
| Full Truck Alliance Co. Ltd. (YMM) | Equity | +28.75% | 14,981,773 | 1.01% | $12.97 | $11.31 | $194,313,596 | $169,368,944 | -$24,944,652 | -12.84% |
| Healthpeak Properties Inc. (DOC) | Equity | +14.82% | 446,866 | 0.04% | $19.15 | $16.33 | $8,557,484 | $7,298,216 | -$1,259,268 | -14.72% |
| Hudson Pacific Properties Inc. (HPP) | Equity | +0.18% | 2,300,183 | 0.03% | $2.76 | $11.44 | $6,348,505 | $26,314,094 | +$19,965,589 | +314.49% |
| Humana Inc. (HUM) | Equity | -76.67% | 385,539 | 0.52% | $260.17 | $259.21 | $100,305,682 | $99,935,564 | -$370,118 | -0.37% |
| IAC Inc. (IAC) | Equity | -1.63% | 2,243,689 | 0.40% | $34.07 | $38.34 | $76,442,484 | $86,023,036 | +$9,580,552 | +12.53% |
| Ishares S&P 500 Value ETF (IVE) | Equity | -39.75% | 6,614 | 0.01% | $206.51 | $210.99 | $1,365,857 | $1,395,488 | +$29,631 | +2.17% |
| JD.com Inc. (JD) | Equity | -0.52% | 341,711 | 0.06% | $34.98 | $28.62 | $11,953,051 | $9,779,769 | -$2,173,282 | -18.18% |
| Johnson Controls International PLC (JCI) | Equity | -24.18% | 186,004 | 0.11% | $109.95 | $118.89 | $20,451,140 | $22,114,016 | +$1,662,876 | +8.13% |
| JP Morgan Chase & Co. (JPM) | Equity | -6.35% | 595,626 | 0.98% | $315.43 | $315.33 | $187,878,341 | $187,818,747 | -$59,594 | -0.03% |
| KE Holdings Inc. (BEKE) | Equity | -0.05% | 1,851,804 | 0.18% | $19.00 | $16.37 | $35,184,276 | $30,314,031 | -$4,870,245 | -13.84% |
| Lam Research Corp. (LRCX) | Equity | 0% | 12,280 | 0.01% | $133.90 | $162.39 | $1,644,292 | $1,994,149 | +$349,857 | +21.28% |
| Loews Corp. (L) | Equity | -0.28% | 595,697 | 0.31% | $100.39 | $103.85 | $59,802,022 | $61,863,133 | +$2,061,111 | +3.45% |
| M&T Bank Corp. (MTB) | Equity | +0.16% | 51,027 | 0.05% | $197.62 | $203.23 | $10,083,956 | $10,369,962 | +$286,006 | +2.84% |
| Markel Group Inc. (MKL) | Equity | +0.65% | 373,528 | 3.73% | $1,911.36 | $2,125.73 | $713,946,478 | $794,019,675 | +$80,073,197 | +11.22% |
| Meta Platforms Inc. (META) | Equity | -18.61% | 1,715,514 | 6.58% | $734.38 | $653.18 | $1,259,839,100 | $1,120,530,857 | -$139,308,243 | -11.06% |
| MGM Resorts International (MGM) | Equity | +0.56% | 23,953,452 | 4.33% | $34.66 | $36.91 | $830,226,646 | $884,002,146 | +$53,775,500 | +6.48% |
| Microsoft Corp. (MSFT) | Equity | -78.91% | 52,306 | 0.14% | $517.95 | $475.06 | $27,091,893 | $24,848,488 | -$2,243,405 | -8.28% |
| Mid-America Apartment Communities Inc. (MAA) | Equity | +14.72% | 60,860 | 0.04% | $139.73 | $132.87 | $8,503,968 | $8,086,468 | -$417,500 | -4.91% |
| Netease Inc. (NTES) | Equity | +0.23% | 594,740 | 0.47% | $151.99 | $135.05 | $90,394,533 | $80,319,637 | -$10,074,896 | -11.15% |
| Netstreit Corp. (NTST) | Equity | +55.28% | 342,410 | 0.03% | $18.06 | $18.93 | $6,183,925 | $6,480,109 | +$296,184 | +4.79% |
| Noah Holdings Limited (NOAH) | Equity | 0% | 1,021,585 | 0.06% | $11.59 | $9.68 | $11,840,170 | $9,883,835 | -$1,956,335 | -16.52% |
| Nvidia Corp. (NVDA) | Equity | +0.74% | 89,795 | 0.09% | $186.58 | $176.30 | $16,753,951 | $15,830,769 | -$923,182 | -5.51% |
| Oracle Corp. (ORCL) | Equity | -49.04% | 67,052 | 0.10% | $281.24 | $188.87 | $18,857,704 | $12,664,111 | -$6,193,593 | -32.84% |
| Owens Corning (OC) | Equity | +0.47% | 1,777,367 | 1.31% | $141.46 | $113.76 | $251,426,336 | $202,193,270 | -$49,233,066 | -19.58% |
| Pinterest Inc. (PINS) | Equity | +100% | 7,892,057 | 1.33% | $32.17 | $25.76 | $253,887,474 | $203,259,928 | -$50,627,546 | -19.94% |
| The Pnc Financial Services Group Inc. (PNC) | Equity | -0.11% | 501,817 | 0.53% | $200.93 | $210.24 | $100,830,090 | $105,502,006 | +$4,671,916 | +4.63% |
| Prologis Inc. (PLD) | Equity | +53.35% | 198,166 | 0.12% | $114.52 | $127.81 | $22,693,970 | $25,327,596 | +$2,633,626 | +11.60% |
| Public Storage (PSA) | Equity | +10.42% | 44,610 | 0.07% | $288.85 | $268.28 | $12,885,599 | $11,967,971 | -$917,628 | -7.12% |
| Quest Diagnostics Inc. (DGX) | Equity | +0.53% | 1,361,612 | 1.35% | $190.58 | $179.82 | $259,496,015 | $244,845,070 | -$14,650,945 | -5.65% |
| Realty Inc.Ome Corp. (O) | Equity | +91.49% | 93,580 | 0.03% | $60.79 | $57.47 | $5,688,728 | $5,377,575 | -$311,153 | -5.47% |
| Regency Centers Corp. (REG) | Equity | +15.00% | 140,110 | 0.05% | $72.90 | $67.15 | $10,214,019 | $9,408,387 | -$805,633 | -7.89% |
| Renaissancere Holdings Ltd. (RNR) | Equity | +0.05% | 143,145 | 0.19% | $253.93 | $271.49 | $36,348,810 | $38,862,436 | +$2,513,626 | +6.92% |
| Restaurant Brands International Inc. (QSR) | Equity | +3.59% | 3,542,388 | 1.19% | $64.14 | $70.51 | $227,208,766 | $249,773,778 | +$22,565,012 | +9.93% |
| Rexford Industrial Realty Inc. (REXR) | Equity | +5.37% | 395,150 | 0.08% | $41.11 | $41.08 | $16,244,617 | $16,230,786 | -$13,831 | -0.09% |
| RH (RH) | Equity | 0% | 2,240 | 0.00% | $203.16 | $170.37 | $455,078 | $381,629 | -$73,449 | -16.14% |
| Rocket Companies Inc. (RKT) | Equity | +0.05% | 3,134,234 | 0.32% | $19.38 | $18.22 | $60,741,455 | $57,105,743 | -$3,635,712 | -5.99% |
| Sap Se (SAP) | Equity | +0.04% | 46,787 | 0.07% | $267.21 | $241.96 | $12,501,954 | $11,320,583 | -$1,181,371 | -9.45% |
| Sea Limited (SE) | Equity | -1.72% | 440,594 | 0.41% | $178.73 | $122.12 | $78,747,366 | $53,805,339 | -$24,942,027 | -31.67% |
| Simon Property Group Inc. (SPG) | Equity | +30.67% | 76,733 | 0.08% | $187.67 | $182.99 | $14,400,482 | $14,041,372 | -$359,110 | -2.49% |
| Solventum Corp. (SOLV) | Equity | +0.45% | 5,517,611 | 2.10% | $73.00 | $80.33 | $402,785,603 | $443,202,104 | +$40,416,501 | +10.03% |
| State Street Corp. (STT) | Equity | +43.65% | 103,785 | 0.06% | $116.01 | $126.86 | $12,040,098 | $13,166,165 | +$1,126,067 | +9.35% |
| Sun Communities Inc. (SUI) | Equity | +14.54% | 43,950 | 0.03% | $129.00 | $122.95 | $5,669,550 | $5,403,653 | -$265,898 | -4.69% |
| Sunstone Hotel Investors Inc. (SHO) | Equity | +13.53% | 1,311,800 | 0.06% | $9.37 | $9.22 | $12,291,566 | $12,088,237 | -$203,329 | -1.65% |
| Synopsys Inc. (SNPS) | Equity | +100% | 8,655 | 0.02% | $493.39 | $459.31 | $4,270,290 | $3,975,328 | -$294,962 | -6.91% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | 0% | 7,200 | 0.01% | $279.29 | $284.93 | $2,010,888 | $2,051,496 | +$40,608 | +2.02% |
| Teck Resources Limited (TECK) | Equity | -0.10% | 11,023,662 | 2.53% | $43.89 | $43.37 | $483,828,525 | $478,096,221 | -$5,732,304 | -1.18% |
| Terreno Realty Corp. (TRNO) | Equity | +16.04% | 120,907 | 0.04% | $56.75 | $60.51 | $6,861,472 | $7,316,083 | +$454,611 | +6.63% |
| Texas Instruments Inc. (TXN) | Equity | -2.64% | 2,317,408 | 2.22% | $183.73 | $177.08 | $425,777,369 | $410,366,609 | -$15,410,760 | -3.62% |
| Trip.Com Group Limited (TCOM) | Equity | -0.16% | 4,941,445 | 1.94% | $75.20 | $70.72 | $371,596,664 | $349,458,990 | -$22,137,674 | -5.96% |
| Truist Financial Corp. (TFC) | Equity | +0.38% | 156,437 | 0.04% | $45.72 | $49.21 | $7,152,300 | $7,698,265 | +$545,965 | +7.63% |
| Tyson Foods Inc. (TSN) | Equity | +11.23% | 9,962,127 | 2.82% | $54.30 | $58.34 | $540,943,496 | $581,190,489 | +$40,246,993 | +7.44% |
| U.S. Bancorp. (USB) | Equity | +0.52% | 19,431,562 | 4.90% | $48.33 | $53.33 | $939,127,395 | $1,036,188,044 | +$97,060,649 | +10.34% |
| UDR Inc. (UDR) | Equity | +14.94% | 186,190 | 0.04% | $37.26 | $35.44 | $6,937,439 | $6,598,574 | -$338,865 | -4.88% |
| UnitedHealth Group Inc. (UNH) | Equity | +0.57% | 1,139,303 | 2.05% | $345.30 | $332.14 | $393,401,326 | $378,408,098 | -$14,993,228 | -3.81% |
| Vale S.A. (VALE) | Equity | -0.59% | 2,931,198 | 0.17% | $10.86 | $12.78 | $31,832,810 | $37,446,054 | +$5,613,244 | +17.63% |
| Ventas Inc. (VTR) | Equity | -42.30% | 117,330 | 0.04% | $69.99 | $78.51 | $8,211,927 | $9,210,992 | +$999,065 | +12.17% |
| Viatris Inc. (VTRS) | Equity | +4.47% | 69,345,645 | 3.58% | $9.90 | $11.49 | $686,521,885 | $796,781,461 | +$110,259,576 | +16.06% |
| Vici Properties Inc. (VICI) | Equity | +30.56% | 221,610 | 0.04% | $32.61 | $28.37 | $7,226,702 | $6,285,968 | -$940,734 | -13.02% |
| Wells Fargo & Company (WFC) | Equity | -4.77% | 7,786,052 | 3.41% | $83.82 | $92.10 | $652,626,920 | $717,056,459 | +$64,429,539 | +9.87% |
| Wesco International Inc. (WCC) | Equity | +0.63% | 292,570 | 0.32% | $211.50 | $256.11 | $61,878,555 | $74,928,640 | +$13,050,085 | +21.09% |