Investor: Christopher Davis
Number of Assets: 104
Reporting Period: Q1 - 2025
Holdings at Report: $17,349,673,913
Return Since Report: +$1,445,961,510
Return Since Report: +8.33%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Agco Corp. (AGCO) | Equity | +1.80% | 2,027,266 | 1.08% | $92.57 | $111.73 | $187,664,014 | $226,496,294 | +$38,832,280 | +20.69% |
| Alexandria Real Estate Equities Inc. (ARE) | Equity | +0.75% | 151,317 | 0.08% | $92.51 | $82.33 | $13,998,336 | $12,457,172 | -$1,541,164 | -11.01% |
| Alphabet Inc. (GOOGL) | Equity | +0.79% | 3,039,483 | 2.71% | $154.64 | $193.25 | $470,025,669 | $587,377,050 | +$117,351,381 | +24.97% |
| Alphabet Inc. (GOOG) | Equity | -0.04% | 646,697 | 0.58% | $156.23 | $194.23 | $101,033,472 | $125,607,958 | +$24,574,486 | +24.32% |
| Amazon.com Inc. (AMZN) | Equity | -7.55% | 3,519,954 | 3.86% | $190.26 | $231.86 | $669,706,448 | $816,136,534 | +$146,430,086 | +21.86% |
| American Express Company (AXP) | Equity | -1.11% | 271,435 | 0.42% | $269.05 | $311.77 | $73,029,574 | $84,625,290 | +$11,595,716 | +15.88% |
| American Homes 4 Rent (AMH) | Equity | +12.21% | 243,120 | 0.05% | $37.81 | $37.68 | $9,192,367 | $9,160,762 | -$31,605 | -0.34% |
| American Tower Corp. (AMT) | Equity | -0.66% | 88,940 | 0.11% | $217.60 | $229.86 | $19,353,344 | $20,443,748 | +$1,090,404 | +5.63% |
| Applied Materials Inc. (AMAT) | Equity | +5.96% | 4,993,172 | 4.18% | $145.12 | $184.95 | $724,609,092 | $923,487,161 | +$198,878,069 | +27.45% |
| Applovin Corp. (APP) | Equity | +100% | 163,011 | 0.25% | $264.97 | $364.18 | $43,193,025 | $59,365,672 | +$16,172,647 | +37.44% |
| Avalonbay Communities Inc. (AVB) | Equity | +0.76% | 56,650 | 0.07% | $214.62 | $201.89 | $12,158,223 | $11,437,069 | -$721,155 | -5.93% |
| Bank Of America Corp. (BAC) | Equity | -1.22% | 1,156,148 | 0.28% | $41.73 | $48.52 | $48,246,056 | $56,090,520 | +$7,844,464 | +16.26% |
| The Bank Of N.T. Butterfield & Son Limited (NTB) | Equity | -0.74% | 1,068,441 | 0.24% | $38.92 | $44.26 | $41,583,724 | $47,289,199 | +$5,705,475 | +13.72% |
| The Bank Of New York Mellon Corp. (BK) | Equity | -10.59% | 1,910,645 | 0.92% | $83.87 | $101.06 | $160,245,770 | $193,089,784 | +$32,844,014 | +20.50% |
| Berkshire Hathaway Inc. (BRK-A) | Equity | -1.52% | 1,558 | 7.17% | $798,441.60 | $725,715.06 | $1,243,972,013 | $1,130,664,067 | -$113,307,946 | -9.11% |
| Berkshire Hathaway Inc. (BRK-B) | Equity | -5.44% | 678,453 | 2.08% | $532.58 | $483.58 | $361,330,499 | $328,086,302 | -$33,244,197 | -9.20% |
| Brixmor Property Group Inc. (BRX) | Equity | -1.41% | 484,360 | 0.07% | $26.55 | $25.64 | $12,859,758 | $12,416,569 | -$443,189 | -3.45% |
| Bxp Inc. (BXP) | Equity | +33.14% | 203,440 | 0.08% | $67.19 | $71.80 | $13,669,134 | $14,606,992 | +$937,858 | +6.86% |
| Camden Property Trust (CPT) | Equity | +10.28% | 76,510 | 0.05% | $122.30 | $113.45 | $9,357,173 | $8,680,060 | -$677,114 | -7.24% |
| Capital One Financial Corp. (COF) | Equity | -2.70% | 8,999,453 | 9.30% | $179.30 | $213.12 | $1,613,602,008 | $1,917,963,423 | +$304,361,415 | +18.86% |
| The Charles Schwab Corp. (SCHW) | Equity | -0.82% | 297,606 | 0.13% | $78.28 | $97.05 | $23,296,598 | $28,882,662 | +$5,586,064 | +23.98% |
| Chubb Limited (CB) | Equity | -0.79% | 1,086,389 | 1.89% | $301.99 | $269.70 | $328,078,675 | $292,999,113 | -$35,079,562 | -10.69% |
| The Cigna Group (CI) | Equity | +0.10% | 1,433,251 | 2.72% | $329.00 | $296.84 | $471,539,579 | $425,446,227 | -$46,093,352 | -9.78% |
| Clear Secure Inc. (YOU) | Equity | +0.35% | 581,691 | 0.09% | $25.91 | $29.82 | $15,071,614 | $17,346,026 | +$2,274,412 | +15.09% |
| Community Healthcare Trust Inc. (CHCT) | Equity | +39.93% | 301,740 | 0.03% | $18.16 | $16.60 | $5,479,598 | $5,008,884 | -$470,714 | -8.59% |
| ConocoPhillips (COP) | Equity | +2.28% | 1,402,068 | 0.85% | $105.02 | $95.28 | $147,245,181 | $133,589,039 | -$13,656,142 | -9.27% |
| Coupang Inc. (CPNG) | Equity | -0.52% | 5,880,990 | 0.74% | $21.93 | $30.31 | $128,970,111 | $178,223,402 | +$49,253,291 | +38.19% |
| Cousins Properties Inc. (CUZ) | Equity | -11.36% | 446,935 | 0.08% | $29.50 | $27.78 | $13,184,583 | $12,415,854 | -$768,729 | -5.83% |
| Crown Castle Inc. (CCI) | Equity | -0.63% | 41,000 | 0.02% | $104.23 | $112.01 | $4,273,430 | $4,592,410 | +$318,980 | +7.46% |
| Crown Holdings Inc. (CCK) | Equity | 0% | 8,570 | 0.00% | $89.26 | $103.04 | $764,958 | $883,010 | +$118,052 | +15.43% |
| CVS Health Corp. (CVS) | Equity | +1.43% | 11,549,057 | 4.51% | $67.75 | $60.56 | $782,448,612 | $699,353,147 | -$83,095,465 | -10.62% |
| Darling Ingredients Inc. (DAR) | Equity | +4.13% | 2,476,469 | 0.45% | $31.24 | $34.44 | $77,364,891 | $85,277,210 | +$7,912,319 | +10.23% |
| Davis Select Financial ETF (DFNL) | Equity | +0.03% | 2,129,860 | 0.48% | $39.28 | $43.90 | $83,660,911 | $93,500,854 | +$9,839,943 | +11.76% |
| Davis Select International ETF (DINT) | Equity | +0.54% | 3,890,080 | 0.52% | $23.11 | $26.52 | $89,899,759 | $103,164,922 | +$13,265,163 | +14.76% |
| Davis Select U.S. Equity ETF (DUSA) | Equity | -0.11% | 3,383,338 | 0.83% | $42.32 | $44.35 | $143,182,860 | $150,051,040 | +$6,868,180 | +4.80% |
| Davis Select Worldwide ETF (DWLD) | Equity | -0.09% | 1,916,287 | 0.42% | $37.69 | $42.32 | $72,224,959 | $81,087,684 | +$8,862,725 | +12.27% |
| Digital Realty Trust Inc. (DLR) | Equity | -25.94% | 67,130 | 0.06% | $143.29 | $178.10 | $9,619,058 | $11,955,517 | +$2,336,459 | +24.29% |
| Douglas Emmett Inc. (DEI) | Equity | +115.59% | 268,820 | 0.02% | $16.00 | $15.61 | $4,301,120 | $4,194,936 | -$106,184 | -2.47% |
| Eastgroup Properties Inc. (EGP) | Equity | +0.70% | 44,750 | 0.05% | $176.15 | $164.81 | $7,882,713 | $7,375,248 | -$507,466 | -6.44% |
| Equinix Inc. (EQIX) | Equity | -19.92% | 15,373 | 0.07% | $815.35 | $801.84 | $12,534,376 | $12,326,609 | -$207,767 | -1.66% |
| Equity Residential (EQR) | Equity | -0.60% | 99,855 | 0.04% | $71.58 | $69.59 | $7,147,621 | $6,948,909 | -$198,712 | -2.78% |
| Essex Property Trust Inc. (ESS) | Equity | -16.58% | 27,731 | 0.05% | $306.57 | $286.96 | $8,501,493 | $7,957,688 | -$543,805 | -6.40% |
| Everest Group Ltd. (EG) | Equity | +1.15% | 39,662 | 0.08% | $363.33 | $335.93 | $14,410,394 | $13,323,656 | -$1,086,738 | -7.54% |
| Extra Space Storage Inc. (EXR) | Equity | -7.04% | 56,785 | 0.05% | $148.49 | $150.42 | $8,432,005 | $8,541,600 | +$109,595 | +1.30% |
| Federal Realty Investment Trust (FRT) | Equity | -45.18% | 32,930 | 0.02% | $97.82 | $94.20 | $3,221,213 | $3,101,841 | -$119,372 | -3.71% |
| Fifth Third Bancorp. (FITB) | Equity | +0.69% | 2,461,119 | 0.56% | $39.20 | $42.75 | $96,475,865 | $105,200,532 | +$8,724,667 | +9.04% |
| Full Truck Alliance Co. Ltd. (YMM) | Equity | +44.79% | 7,819,344 | 0.58% | $12.77 | $11.34 | $99,853,023 | $88,632,264 | -$11,220,759 | -11.24% |
| Healthpeak Properties Inc. (DOC) | Equity | -0.63% | 246,806 | 0.03% | $20.22 | $17.25 | $4,990,417 | $4,257,404 | -$733,014 | -14.69% |
| Highwoods Properties Inc. (HIW) | Equity | -0.67% | 129,180 | 0.02% | $29.64 | $30.10 | $3,828,895 | $3,888,318 | +$59,423 | +1.55% |
| Hudson Pacific Properties Inc. (HPP) | Equity | +0.70% | 2,296,963 | 0.04% | $2.95 | $2.52 | $6,776,041 | $5,776,862 | -$999,179 | -14.75% |
| Humana Inc. (HUM) | Equity | +3.30% | 2,331,343 | 3.56% | $264.60 | $236.96 | $616,873,358 | $552,435,037 | -$64,438,321 | -10.45% |
| IAC Inc. (IAC) | Equity | +0.84% | 2,657,782 | 0.70% | $45.94 | $40.58 | $122,098,505 | $107,839,505 | -$14,259,000 | -11.68% |
| Intel Corp. (INTC) | Equity | -99.58% | 10,683 | 0.00% | $22.71 | $20.52 | $242,609 | $219,162 | -$23,447 | -9.66% |
| Ishares S&P 500 Value ETF (IVE) | Equity | -90.00% | 19,712 | 0.02% | $190.58 | $200.65 | $3,756,713 | $3,955,213 | +$198,500 | +5.28% |
| JD.com Inc. (JD) | Equity | -2.91% | 345,461 | 0.08% | $41.12 | $33.12 | $14,205,356 | $11,441,668 | -$2,763,688 | -19.46% |
| Johnson Controls International PLC (JCI) | Equity | +0.16% | 404,164 | 0.19% | $80.11 | $111.86 | $32,377,578 | $45,209,785 | +$12,832,207 | +39.63% |
| JP Morgan Chase & Co. (JPM) | Equity | -2.72% | 639,852 | 0.90% | $245.30 | $297.91 | $156,955,598 | $190,618,309 | +$33,662,711 | +21.45% |
| KE Holdings Inc. (BEKE) | Equity | -49.00% | 1,860,528 | 0.22% | $20.09 | $19.47 | $37,378,008 | $36,215,178 | -$1,162,830 | -3.11% |
| Lam Research Corp. (LRCX) | Equity | 0% | 12,280 | 0.01% | $72.70 | $96.94 | $892,756 | $1,190,423 | +$297,667 | +33.34% |
| Loews Corp. (L) | Equity | -1.18% | 599,066 | 0.32% | $91.91 | $91.72 | $55,060,156 | $54,943,338 | -$116,818 | -0.21% |
| M&T Bank Corp. (MTB) | Equity | +3.03% | 51,185 | 0.05% | $178.75 | $193.62 | $9,149,319 | $9,910,440 | +$761,121 | +8.32% |
| Markel Group Inc. (MKL) | Equity | +0.26% | 371,469 | 4.00% | $1,869.61 | $2,022.45 | $694,502,157 | $751,275,622 | +$56,773,465 | +8.17% |
| Meta Platforms Inc. (META) | Equity | -11.33% | 2,210,250 | 7.34% | $576.36 | $715.15 | $1,273,899,708 | $1,580,660,288 | +$306,760,580 | +24.08% |
| MGM Resorts International (MGM) | Equity | +4.49% | 20,815,057 | 3.56% | $29.64 | $38.38 | $616,958,290 | $798,777,812 | +$181,819,522 | +29.47% |
| Microsoft Corp. (MSFT) | Equity | +0.60% | 256,523 | 0.56% | $375.39 | $517.06 | $96,296,169 | $132,637,782 | +$36,341,613 | +37.74% |
| Mid-America Apartment Communities Inc. (MAA) | Equity | +44.28% | 51,450 | 0.05% | $167.58 | $151.81 | $8,621,991 | $7,810,625 | -$811,367 | -9.41% |
| Netease Inc. (NTES) | Equity | -0.20% | 596,114 | 0.35% | $102.92 | $135.56 | $61,352,053 | $80,809,214 | +$19,457,161 | +31.71% |
| Netstreit Corp. (NTST) | Equity | +100% | 114,960 | 0.01% | $15.85 | $18.28 | $1,822,116 | $2,100,894 | +$278,778 | +15.30% |
| Noah Holdings Limited (NOAH) | Equity | -0.65% | 1,654,817 | 0.09% | $9.45 | $12.42 | $15,638,021 | $20,557,792 | +$4,919,771 | +31.46% |
| Oracle Corp. (ORCL) | Equity | -0.60% | 136,380 | 0.11% | $139.81 | $244.92 | $19,067,288 | $33,402,190 | +$14,334,902 | +75.18% |
| Owens Corning (OC) | Equity | -1.33% | 1,787,242 | 1.47% | $142.82 | $145.82 | $255,253,902 | $260,615,628 | +$5,361,726 | +2.10% |
| The Pnc Financial Services Group Inc. (PNC) | Equity | -1.16% | 495,808 | 0.50% | $175.77 | $195.92 | $87,148,172 | $97,137,216 | +$9,989,044 | +11.46% |
| Prologis Inc. (PLD) | Equity | -4.10% | 171,756 | 0.11% | $111.79 | $108.73 | $19,200,603 | $18,675,030 | -$525,573 | -2.74% |
| Public Storage (PSA) | Equity | -0.66% | 49,760 | 0.09% | $299.29 | $287.42 | $14,892,670 | $14,302,019 | -$590,651 | -3.97% |
| Quest Diagnostics Inc. (DGX) | Equity | -0.37% | 2,388,302 | 2.33% | $169.20 | $169.41 | $404,100,698 | $404,602,242 | +$501,544 | +0.12% |
| Regency Centers Corp. (REG) | Equity | -0.58% | 118,140 | 0.05% | $73.76 | $71.10 | $8,714,006 | $8,399,754 | -$314,252 | -3.61% |
| Renaissancere Holdings Ltd. (RNR) | Equity | +1.05% | 143,801 | 0.20% | $240.00 | $245.67 | $34,512,240 | $35,327,592 | +$815,352 | +2.36% |
| Restaurant Brands International Inc. (QSR) | Equity | +100% | 3,372,511 | 1.30% | $66.64 | $69.52 | $224,744,133 | $234,456,965 | +$9,712,832 | +4.32% |
| Rexford Industrial Realty Inc. (REXR) | Equity | +7.08% | 363,620 | 0.08% | $39.15 | $37.44 | $14,235,723 | $13,612,115 | -$623,608 | -4.38% |
| RH (RH) | Equity | 0% | 2,240 | 0.00% | $234.41 | $213.65 | $525,078 | $478,576 | -$46,502 | -8.86% |
| Rocket Companies Inc. (RKT) | Equity | -1.00% | 3,139,289 | 0.22% | $12.07 | $13.17 | $37,891,218 | $41,344,436 | +$3,453,218 | +9.11% |
| Sap Se (SAP) | Equity | -21.91% | 76,126 | 0.12% | $268.44 | $287.76 | $20,435,263 | $21,905,637 | +$1,470,374 | +7.20% |
| Sea Limited (SE) | Equity | -19.34% | 514,628 | 0.39% | $130.49 | $158.25 | $67,153,808 | $81,439,366 | +$14,285,558 | +21.27% |
| Simon Property Group Inc. (SPG) | Equity | -15.72% | 68,033 | 0.07% | $166.08 | $167.00 | $11,298,921 | $11,361,511 | +$62,590 | +0.55% |
| Skechers U.S.A. Inc. (SKX) | Equity | 0% | 6,000 | 0.00% | $56.78 | $63.09 | $340,680 | $378,510 | +$37,830 | +11.10% |
| Solventum Corp. (SOLV) | Equity | +0.79% | 5,288,138 | 2.32% | $76.04 | $74.60 | $402,110,014 | $394,468,654 | -$7,641,360 | -1.90% |
| State Street Corp. (STT) | Equity | +15.20% | 72,704 | 0.04% | $89.53 | $113.06 | $6,509,189 | $8,219,914 | +$1,710,725 | +26.28% |
| Sun Communities Inc. (SUI) | Equity | +100% | 25,040 | 0.02% | $128.64 | $119.65 | $3,221,146 | $2,996,036 | -$225,110 | -6.99% |
| Sunstone Hotel Investors Inc. (SHO) | Equity | -1.36% | 791,730 | 0.04% | $9.41 | $9.08 | $7,450,179 | $7,187,325 | -$262,854 | -3.53% |
| Teck Resources Limited (TECK) | Equity | -0.96% | 11,190,628 | 2.35% | $36.43 | $33.25 | $407,674,578 | $372,032,428 | -$35,642,150 | -8.74% |
| Terreno Realty Corp. (TRNO) | Equity | -0.64% | 100,827 | 0.04% | $63.22 | $57.02 | $6,374,283 | $5,749,156 | -$625,127 | -9.81% |
| Texas Instruments Inc. (TXN) | Equity | +3.44% | 2,431,035 | 2.52% | $179.70 | $184.81 | $436,857,041 | $449,282,009 | +$12,424,968 | +2.84% |
| Trip.Com Group Limited (TCOM) | Equity | +29.78% | 4,862,997 | 1.78% | $63.58 | $64.43 | $309,189,350 | $313,322,897 | +$4,133,547 | +1.34% |
| Truist Financial Corp. (TFC) | Equity | +7.60% | 156,431 | 0.04% | $41.15 | $45.59 | $6,437,136 | $7,130,907 | +$693,771 | +10.78% |
| Tyson Foods Inc. (TSN) | Equity | +51.90% | 4,679,582 | 1.72% | $63.81 | $53.96 | $298,604,128 | $252,510,245 | -$46,093,883 | -15.44% |
| U.S. Bancorp. (USB) | Equity | +3.57% | 14,889,014 | 3.62% | $42.22 | $46.30 | $628,614,167 | $689,286,903 | +$60,672,736 | +9.65% |
| UDR Inc. (UDR) | Equity | -19.04% | 158,610 | 0.04% | $45.17 | $40.46 | $7,164,414 | $6,417,361 | -$747,053 | -10.43% |
| UnitedHealth Group Inc. (UNH) | Equity | -5.08% | 48,519 | 0.15% | $523.75 | $282.19 | $25,411,827 | $13,691,577 | -$11,720,250 | -46.12% |
| Vale S.A. (VALE) | Equity | +100% | 2,733,513 | 0.16% | $9.98 | $9.97 | $27,280,459 | $27,239,457 | -$41,002 | -0.15% |
| Ventas Inc. (VTR) | Equity | -0.62% | 250,190 | 0.10% | $68.76 | $66.56 | $17,203,064 | $16,652,646 | -$550,418 | -3.20% |
| Viatris Inc. (VTRS) | Equity | +3.80% | 64,948,236 | 3.26% | $8.71 | $9.38 | $565,699,135 | $608,889,713 | +$43,190,577 | +7.63% |
| Vici Properties Inc. (VICI) | Equity | -1.28% | 143,440 | 0.03% | $32.62 | $33.35 | $4,679,013 | $4,783,724 | +$104,711 | +2.24% |
| Wells Fargo & Company (WFC) | Equity | -1.93% | 8,468,647 | 3.50% | $71.79 | $84.27 | $607,964,158 | $713,610,539 | +$105,646,381 | +17.38% |
| Wesco International Inc. (WCC) | Equity | +0.59% | 258,503 | 0.23% | $155.30 | $214.05 | $40,145,516 | $55,332,567 | +$15,187,051 | +37.83% |