Investor: Christopher Davis
Number of Assets: 107
Reporting Period: Q2 - 2025
Holdings at Report: $18,702,346,980
Return Since Report: +$789,388,480
Return Since Report: +4.22%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Alexandria Real Estate Equities Inc. (ARE) | Equity | +3.22% | 156,187 | 0.06% | $72.63 | $83.62 | $11,343,862 | $13,060,357 | +$1,716,495 | +15.13% |
| Alphabet Inc. (GOOG) | Equity | +0.57% | 650,390 | 0.62% | $177.39 | $239.54 | $115,372,682 | $155,794,421 | +$40,421,739 | +35.04% |
| American Express Company (AXP) | Equity | -0.34% | 270,500 | 0.46% | $318.98 | $323.49 | $86,284,092 | $87,504,045 | +$1,219,953 | +1.41% |
| American Tower Corp. (AMT) | Equity | +3.05% | 91,650 | 0.11% | $221.02 | $193.96 | $20,256,483 | $17,776,434 | -$2,480,049 | -12.24% |
| Agco Corp. (AGCO) | Equity | -10.99% | 1,804,564 | 1.00% | $103.16 | $107.81 | $186,158,822 | $194,551,849 | +$8,393,027 | +4.51% |
| Alphabet Inc. (GOOGL) | Equity | -6.09% | 2,854,413 | 2.69% | $176.23 | $239.51 | $503,033,259 | $683,660,458 | +$180,627,199 | +35.91% |
| Amazon.com Inc. (AMZN) | Equity | -7.12% | 3,269,161 | 3.83% | $219.39 | $238.22 | $717,221,231 | $778,779,533 | +$61,558,302 | +8.58% |
| American Homes 4 Rent (AMH) | Equity | +2.98% | 250,360 | 0.05% | $36.07 | $37.68 | $9,030,485 | $9,433,565 | +$403,080 | +4.46% |
| Apple Inc. (AAPL) | Equity | +100% | 1,265 | 0.00% | $205.17 | $234.36 | $259,540 | $296,469 | +$36,929 | +14.23% |
| Applovin Corp. (APP) | Equity | +31.94% | 215,073 | 0.40% | $350.08 | $554.59 | $75,292,756 | $119,277,335 | +$43,984,579 | +58.42% |
| Bank Of America Corp. (BAC) | Equity | -0.24% | 1,153,397 | 0.29% | $47.32 | $50.32 | $54,578,746 | $58,033,170 | +$3,454,424 | +6.33% |
| The Bank Of New York Mellon Corp. (BK) | Equity | -0.64% | 1,898,430 | 0.92% | $91.11 | $104.66 | $172,965,937 | $198,689,684 | +$25,723,747 | +14.87% |
| Berkshire Hathaway Inc. (BRK-B) | Equity | -18.37% | 553,845 | 1.44% | $485.77 | $493.55 | $269,041,285 | $273,347,431 | +$4,306,146 | +1.60% |
| Bxp Inc. (BXP) | Equity | +3.04% | 209,630 | 0.08% | $67.47 | $72.47 | $14,143,736 | $15,190,838 | +$1,047,102 | +7.40% |
| Capital One Financial Corp. (COF) | Equity | -0.49% | 8,955,742 | 10.19% | $212.76 | $220.81 | $1,905,423,658 | $1,977,517,391 | +$72,093,733 | +3.78% |
| Chubb Limited (CB) | Equity | -1.34% | 1,071,823 | 1.66% | $289.72 | $277.83 | $310,528,656 | $297,786,728 | -$12,741,928 | -4.10% |
| Crown Castle Inc. (CCI) | Equity | +3.17% | 42,300 | 0.02% | $102.73 | $94.20 | $4,345,479 | $3,984,660 | -$360,819 | -8.30% |
| CVS Health Corp. (CVS) | Equity | +0.33% | 11,586,790 | 4.27% | $68.98 | $72.20 | $799,256,774 | $836,566,238 | +$37,309,464 | +4.67% |
| Davis Select Financial ETF (DFNL) | Equity | 0% | 2,129,860 | 0.49% | $42.94 | $45.06 | $91,456,200 | $95,971,492 | +$4,515,292 | +4.94% |
| Davis Select U.S. Equity ETF (DUSA) | Equity | 0% | 3,383,338 | 0.84% | $46.28 | $44.35 | $156,580,879 | $150,051,040 | -$6,529,839 | -4.17% |
| Digital Realty Trust Inc. (DLR) | Equity | +1.98% | 68,460 | 0.06% | $174.33 | $163.33 | $11,934,632 | $11,181,572 | -$753,060 | -6.31% |
| Eastgroup Properties Inc. (EGP) | Equity | +3.08% | 46,130 | 0.04% | $167.12 | $163.86 | $7,709,246 | $7,558,631 | -$150,615 | -1.95% |
| Angi inc Class A | Equity | +100% | 1,181,911 | 0.10% | $15.26 | N/A | $18,035,962 | N/A | N/A | N/A |
| Applied Materials Inc. (AMAT) | Equity | -0.71% | 4,957,593 | 4.85% | $183.07 | $163.15 | $907,586,623 | $808,806,510 | -$98,780,113 | -10.88% |
| Avalonbay Communities Inc. (AVB) | Equity | +2.07% | 57,820 | 0.06% | $203.50 | $194.39 | $11,766,370 | $11,239,630 | -$526,740 | -4.48% |
| The Bank Of N.T. Butterfield & Son Limited (NTB) | Equity | -0.58% | 1,062,264 | 0.25% | $44.28 | $44.60 | $47,037,050 | $47,378,037 | +$340,987 | +0.72% |
| Berkshire Hathaway Inc. (BRK-A) | Equity | -31.64% | 1,065 | 4.15% | $728,800.00 | $739,274.88 | $776,172,000 | $787,327,742 | +$11,155,742 | +1.44% |
| Brixmor Property Group Inc. (BRX) | Equity | +2.90% | 498,390 | 0.07% | $26.04 | $27.83 | $12,978,076 | $13,867,702 | +$889,626 | +6.85% |
| Camden Property Trust (CPT) | Equity | +2.80% | 78,650 | 0.05% | $112.69 | $110.92 | $8,863,069 | $8,723,465 | -$139,604 | -1.58% |
| The Charles Schwab Corp. (SCHW) | Equity | -0.39% | 296,438 | 0.14% | $91.24 | $93.56 | $27,047,003 | $27,733,257 | +$686,254 | +2.54% |
| The Cigna Group (CI) | Equity | -54.24% | 655,889 | 1.16% | $330.58 | $302.70 | $216,823,786 | $198,535,633 | -$18,288,153 | -8.43% |
| ConocoPhillips (COP) | Equity | +13.09% | 1,585,587 | 0.76% | $89.74 | $92.72 | $142,290,578 | $147,015,627 | +$4,725,049 | +3.32% |
| Copt Defense Properties (CDP) | Equity | +100% | 147,490 | 0.02% | $27.58 | N/A | $4,067,774 | N/A | N/A | N/A |
| Coupang Inc. (CPNG) | Equity | -2.14% | 5,754,998 | 0.92% | $29.96 | $32.07 | $172,419,740 | $184,534,011 | +$12,114,271 | +7.03% |
| Equity Residential (EQR) | Equity | +1.87% | 101,725 | 0.04% | $67.49 | $69.59 | $6,865,420 | $7,079,043 | +$213,623 | +3.11% |
| Everest Group Ltd. (EG) | Equity | -0.41% | 39,500 | 0.07% | $339.85 | $341.05 | $13,424,075 | $13,471,475 | +$47,400 | +0.35% |
| Exxon Mobil Corp. (XOM) | Equity | +100% | 2,066 | 0.00% | $107.80 | $111.58 | $222,715 | $230,524 | +$7,809 | +3.51% |
| Full Truck Alliance Co. Ltd. (YMM) | Equity | +48.81% | 11,635,925 | 0.73% | $11.81 | $13.30 | $137,420,274 | $154,757,803 | +$17,337,529 | +12.62% |
| Hudson Pacific Properties Inc. (HPP) | Equity | -0.04% | 2,295,973 | 0.03% | $2.74 | $2.97 | $6,290,966 | $6,807,560 | +$516,594 | +8.21% |
| IAC Inc. (IAC) | Equity | -14.19% | 2,280,775 | 0.46% | $37.34 | $36.00 | $85,164,138 | $82,107,900 | -$3,056,238 | -3.59% |
| JD.com Inc. (JD) | Equity | -0.57% | 343,487 | 0.06% | $32.64 | $33.87 | $11,211,416 | $11,632,187 | +$420,771 | +3.75% |
| JP Morgan Chase & Co. (JPM) | Equity | -0.60% | 636,042 | 0.99% | $289.91 | $297.92 | $184,394,966 | $189,489,633 | +$5,094,667 | +2.76% |
| Lam Research Corp. (LRCX) | Equity | 0% | 12,280 | 0.01% | $97.34 | $104.87 | $1,195,335 | $1,287,804 | +$92,469 | +7.74% |
| M&T Bank Corp. (MTB) | Equity | -0.46% | 50,948 | 0.05% | $193.99 | $199.26 | $9,883,403 | $10,151,898 | +$268,495 | +2.72% |
| Meta Platforms Inc. (META) | Equity | -4.63% | 2,107,814 | 8.32% | $738.09 | $764.18 | $1,555,756,802 | $1,610,749,303 | +$54,992,501 | +3.53% |
| Microsoft Corp. (MSFT) | Equity | -3.34% | 247,956 | 0.66% | $497.41 | $498.50 | $123,335,794 | $123,606,066 | +$270,272 | +0.22% |
| Davis Select International ETF (DINT) | Equity | 0% | 3,890,080 | 0.54% | $25.86 | $27.05 | $100,597,480 | $105,226,664 | +$4,629,184 | +4.60% |
| Davis Select Worldwide ETF (DWLD) | Equity | 0% | 1,916,287 | 0.42% | $41.44 | $44.32 | $79,411,504 | $84,927,924 | +$5,516,420 | +6.95% |
| Douglas Emmett Inc. (DEI) | Equity | +2.95% | 276,750 | 0.02% | $15.04 | $16.14 | $4,162,320 | $4,465,361 | +$303,041 | +7.28% |
| Equinix Inc. (EQIX) | Equity | +1.89% | 15,663 | 0.07% | $795.47 | $775.24 | $12,459,447 | $12,142,584 | -$316,863 | -2.54% |
| Essex Property Trust Inc. (ESS) | Equity | +2.92% | 28,541 | 0.04% | $283.40 | $267.51 | $8,088,519 | $7,635,089 | -$453,430 | -5.61% |
| Extra Space Storage Inc. (EXR) | Equity | -0.04% | 56,765 | 0.04% | $147.44 | $144.11 | $8,369,432 | $8,180,120 | -$189,312 | -2.26% |
| Fifth Third Bancorp. (FITB) | Equity | +2.10% | 2,512,856 | 0.55% | $41.13 | $45.31 | $103,353,767 | $113,844,941 | +$10,491,174 | +10.15% |
| Healthpeak Properties Inc. (DOC) | Equity | +57.69% | 389,186 | 0.04% | $17.51 | $17.25 | $6,814,647 | $6,713,459 | -$101,189 | -1.48% |
| Community Healthcare Trust Inc. (CHCT) | Equity | +10.12% | 332,280 | 0.03% | $16.63 | $15.70 | $5,525,816 | $5,216,796 | -$309,020 | -5.59% |
| Coterra Energy Inc. (CTRA) | Equity | +100% | 9,338,141 | 1.27% | $25.38 | $23.97 | $237,002,019 | $223,788,549 | -$13,213,470 | -5.58% |
| Cousins Properties Inc. (CUZ) | Equity | +2.98% | 460,235 | 0.07% | $30.03 | $28.69 | $13,820,857 | $13,204,142 | -$616,715 | -4.46% |
| Crown Holdings Inc. (CCK) | Equity | 0% | 8,570 | 0.00% | $102.98 | $94.55 | $882,539 | $810,294 | -$72,246 | -8.19% |
| Darling Ingredients Inc. (DAR) | Equity | -1.33% | 2,443,570 | 0.50% | $37.94 | $31.59 | $92,709,046 | $77,192,376 | -$15,516,670 | -16.74% |
| Humana Inc. (HUM) | Equity | -29.11% | 1,652,734 | 2.16% | $244.48 | $280.78 | $404,060,408 | $464,054,653 | +$59,994,245 | +14.85% |
| Ishares S&P 500 Value ETF (IVE) | Equity | -44.31% | 10,978 | 0.01% | $195.42 | $202.92 | $2,145,321 | $2,227,656 | +$82,335 | +3.84% |
| Johnson Controls International PLC (JCI) | Equity | -39.30% | 245,323 | 0.14% | $105.62 | $105.93 | $25,911,015 | $25,987,065 | +$76,050 | +0.29% |
| KE Holdings Inc. (BEKE) | Equity | -0.41% | 1,852,812 | 0.18% | $17.74 | $19.96 | $32,868,885 | $36,972,863 | +$4,103,978 | +12.49% |
| Loews Corp. (L) | Equity | -0.29% | 597,343 | 0.29% | $91.66 | $96.10 | $54,752,459 | $57,404,662 | +$2,652,203 | +4.84% |
| Markel Group Inc. (MKL) | Equity | -0.09% | 371,131 | 3.96% | $1,997.36 | $1,930.40 | $741,282,215 | $716,431,282 | -$24,850,933 | -3.35% |
| MGM Resorts International (MGM) | Equity | +14.44% | 23,821,109 | 4.38% | $34.39 | $36.05 | $819,207,939 | $858,631,874 | +$39,423,935 | +4.81% |
| Mid-America Apartment Communities Inc. (MAA) | Equity | +3.11% | 53,050 | 0.04% | $148.01 | $144.29 | $7,851,931 | $7,654,319 | -$197,612 | -2.52% |
| Netstreit Corp. (NTST) | Equity | +91.81% | 220,510 | 0.02% | $16.93 | $18.37 | $3,733,234 | $4,049,666 | +$316,432 | +8.48% |
| Nvidia Corp. (NVDA) | Equity | +100% | 89,135 | 0.08% | $157.99 | $169.36 | $14,082,438 | $15,095,458 | +$1,013,020 | +7.19% |
| Owens Corning (OC) | Equity | -1.02% | 1,769,093 | 1.30% | $137.52 | $149.15 | $243,285,670 | $263,860,221 | +$20,574,551 | +8.46% |
| Prologis Inc. (PLD) | Equity | -24.76% | 129,226 | 0.07% | $105.12 | $108.73 | $13,584,237 | $14,050,743 | +$466,506 | +3.43% |
| Quest Diagnostics Inc. (DGX) | Equity | -43.29% | 1,354,420 | 1.30% | $179.63 | $183.26 | $243,294,465 | $248,204,237 | +$4,909,772 | +2.02% |
| Regency Centers Corp. (REG) | Equity | +3.12% | 121,830 | 0.05% | $71.23 | $72.32 | $8,677,951 | $8,810,746 | +$132,795 | +1.53% |
| Restaurant Brands International Inc. (QSR) | Equity | +1.40% | 3,419,715 | 1.21% | $66.29 | $61.66 | $226,692,908 | $210,859,627 | -$15,833,281 | -6.98% |
| Public Storage (PSA) | Equity | -18.81% | 40,400 | 0.06% | $293.42 | $289.74 | $11,854,168 | $11,705,496 | -$148,672 | -1.25% |
| Realty Inc.Ome Corp. (O) | Equity | +100% | 48,870 | 0.02% | $57.61 | $59.40 | $2,815,401 | $2,902,634 | +$87,233 | +3.10% |
| Renaissancere Holdings Ltd. (RNR) | Equity | -0.51% | 143,067 | 0.19% | $242.90 | $238.89 | $34,750,974 | $34,177,276 | -$573,698 | -1.65% |
| Rexford Industrial Realty Inc. (REXR) | Equity | +3.13% | 375,010 | 0.07% | $35.57 | $42.68 | $13,339,106 | $16,005,427 | +$2,666,321 | +19.99% |
| Rocket Companies Inc. (RKT) | Equity | -0.21% | 3,132,678 | 0.24% | $14.18 | $13.17 | $44,421,374 | $41,257,369 | -$3,164,005 | -7.12% |
| Sea Limited (SE) | Equity | -12.89% | 448,305 | 0.38% | $159.94 | $192.14 | $71,701,902 | $86,137,323 | +$14,435,421 | +20.13% |
| Solventum Corp. (SOLV) | Equity | +3.87% | 5,492,661 | 2.23% | $75.84 | $73.18 | $416,563,410 | $401,952,932 | -$14,610,478 | -3.51% |
| Netease Inc. (NTES) | Equity | -0.46% | 593,347 | 0.43% | $134.58 | $144.29 | $79,852,639 | $85,614,039 | +$5,761,400 | +7.22% |
| Noah Holdings Limited (NOAH) | Equity | -38.27% | 1,021,585 | 0.07% | $11.94 | $12.07 | $12,197,725 | $12,330,531 | +$132,806 | +1.09% |
| Oracle Corp. (ORCL) | Equity | -3.52% | 131,574 | 0.15% | $218.63 | $240.84 | $28,766,024 | $31,688,282 | +$2,922,258 | +10.16% |
| The Pnc Financial Services Group Inc. (PNC) | Equity | +1.32% | 502,357 | 0.50% | $186.42 | $200.12 | $93,649,392 | $100,531,683 | +$6,882,291 | +7.35% |
| Sun Communities Inc. (SUI) | Equity | +53.23% | 38,370 | 0.03% | $126.49 | $129.62 | $4,853,421 | $4,973,519 | +$120,098 | +2.47% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | +100% | 7,200 | 0.01% | $226.49 | $251.74 | $1,630,728 | $1,812,542 | +$181,814 | +11.15% |
| Terreno Realty Corp. (TRNO) | Equity | +3.34% | 104,197 | 0.03% | $56.07 | $57.49 | $5,842,326 | $5,990,286 | +$147,960 | +2.53% |
| Trip.Com Group Limited (TCOM) | Equity | +1.78% | 4,949,468 | 1.55% | $58.64 | $72.32 | $290,236,804 | $357,945,526 | +$67,708,722 | +23.33% |
| Tyson Foods Inc. (TSN) | Equity | +91.39% | 8,956,466 | 2.68% | $55.94 | $55.89 | $501,024,708 | $500,576,885 | -$447,823 | -0.09% |
| UDR Inc. (UDR) | Equity | +2.13% | 161,990 | 0.04% | $40.83 | $38.91 | $6,614,052 | $6,303,031 | -$311,021 | -4.70% |
| Vale S.A. (VALE) | Equity | +7.87% | 2,948,514 | 0.15% | $9.71 | $10.39 | $28,630,071 | $30,620,318 | +$1,990,247 | +6.95% |
| Viatris Inc. (VTRS) | Equity | +2.20% | 66,375,520 | 3.17% | $8.93 | $10.45 | $592,733,394 | $693,690,560 | +$100,957,166 | +17.03% |
| Wells Fargo & Company (WFC) | Equity | -3.45% | 8,176,423 | 3.50% | $80.12 | $80.81 | $655,095,014 | $660,736,743 | +$5,641,729 | +0.86% |
| RH (RH) | Equity | 0% | 2,240 | 0.00% | $189.01 | $230.64 | $423,382 | $516,634 | +$93,252 | +22.03% |
| Sap Se (SAP) | Equity | -38.56% | 46,769 | 0.08% | $304.10 | $270.78 | $14,222,453 | $12,663,876 | -$1,558,577 | -10.96% |
| Simon Property Group Inc. (SPG) | Equity | -13.68% | 58,723 | 0.05% | $160.76 | $178.21 | $9,440,309 | $10,465,026 | +$1,024,717 | +10.85% |
| State Street Corp. (STT) | Equity | -0.62% | 72,251 | 0.04% | $106.34 | $112.67 | $7,683,171 | $8,140,520 | +$457,349 | +5.95% |
| Sunstone Hotel Investors Inc. (SHO) | Equity | +45.94% | 1,155,480 | 0.05% | $8.68 | $9.38 | $10,029,566 | $10,832,625 | +$803,059 | +8.01% |
| Teck Resources Limited (TECK) | Equity | -1.39% | 11,034,993 | 2.38% | $40.38 | $39.58 | $445,593,017 | $436,709,848 | -$8,883,169 | -1.99% |
| Texas Instruments Inc. (TXN) | Equity | -2.09% | 2,380,207 | 2.64% | $207.62 | $184.41 | $494,178,489 | $438,933,973 | -$55,244,516 | -11.18% |
| Truist Financial Corp. (TFC) | Equity | -0.37% | 155,845 | 0.04% | $42.99 | $45.16 | $6,699,777 | $7,037,181 | +$337,404 | +5.04% |
| U.S. Bancorp. (USB) | Equity | +29.84% | 19,331,637 | 4.68% | $45.25 | $49.32 | $874,756,569 | $953,436,337 | +$78,679,768 | +8.99% |
| UnitedHealth Group Inc. (UNH) | Equity | +2234.93% | 1,132,885 | 1.89% | $311.97 | $346.42 | $353,426,134 | $392,454,022 | +$39,027,888 | +11.04% |
| Ventas Inc. (VTR) | Equity | -18.72% | 203,350 | 0.07% | $63.15 | $68.32 | $12,841,553 | $13,892,872 | +$1,051,319 | +8.19% |
| Vici Properties Inc. (VICI) | Equity | +18.34% | 169,740 | 0.03% | $32.60 | $33.16 | $5,533,524 | $5,627,730 | +$94,206 | +1.70% |
| Wesco International Inc. (WCC) | Equity | +12.47% | 290,746 | 0.29% | $185.20 | $212.49 | $53,846,159 | $61,779,164 | +$7,933,005 | +14.73% |