Q2 2026 13F · SEC CIK 1945894

Davis Asset Management, L.P.

Hedge fundFiled 2026-08-12 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $3.9B
Reported positions: 85
Top holdings a year, 3 yrs: +18.7%
Average holding period: 3.7 yrs

Davis Asset Management, L.P. is a hedge fund that reported 85 positions worth $3.9B in its Q2 2026 13F, filed 2026-08-12. Its largest holdings were Alphabet Inc (GOOG, 9.4%), Berkshire Hathaway Inc Del (BRK-A, 9.2%), Meta Platforms Inc (META, 7.4%). A portfolio copying its top holdings returned 18.7% a year over the last 3 years, against 20.4% for the S&P 500.

Davis Asset Management, L.P. holdings largest 50 of 85 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Davis Asset Management, L.P. 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
GOOGAlphabet Inc	9.4%	8.3%	1,049,574	+5.0%	$370.8M
BRK-ABerkshire Hathaway Inc Del	9.2%	9.9%	486	+2.3%	$363.9M
METAMeta Platforms Inc	7.4%	8.5%	517,000	+0.4%	$291.2M
WALWestern Alliance Bancorp	6.9%	6.3%	3,336,000	+8.2%	$274.2M
MKLMarkel Group Inc	4.6%	3.9%	92,105	+30.4%	$179.9M
BRK-BBerkshire Hathaway Inc Del	4.5%	4.4%	354,216	+12.2%	$177.2M
CBChubb Limited	4.3%	4.7%	494,556	+0.0%	$168.5M
CRBGCorebridge Finl Inc	4.2%	4.0%	5,800,000	-0.1%	$166.1M
JPMJpmorgan Chase & Co	4.1%	4.0%	493,896	+5.4%	$161.7M
AXAxos Financial Inc	3.8%	3.6%	1,535,219	+0.0%	$149.5M
PGRProgressive Corp	2.8%	2.9%	504,510	+0.0%	$110.2M
VVisa Inc	2.8%	2.8%	320,000	+0.0%	$109.8M
GPNGlobal Pmts Inc	2.7%	2.9%	1,485,000	+0.0%	$107.8M
FAFFirst American Financial	2.6%	2.6%	1,500,000	+0.0%	$102.9M
MTBM & T Bank Corp	2.5%	2.5%	410,000	+0.0%	$97.6M
GSGoldman Sachs Group Inc	2.4%	2.3%	92,391	+0.0%	$93.4M
ACNAccenture PLC Ireland	2.3%	3.1%	740,000	+37.0%	$92.1M
SFBSServisfirst Bancshares Inc	2.0%	1.9%	910,376	+0.0%	$79.0M
FSBCFive Star Bancorp	1.9%	1.6%	1,511,500	+0.0%	$73.6M
EQRVivmark Residential	1.8%	1.8%	1,065,000	-0.3%	$72.3M
ACGLArch Cap Group Ltd	1.6%	1.8%	650,000	+0.0%	$63.1M
BABAAlibaba Group Hldg Ltd	1.5%	2.2%	607,561	+0.0%	$58.3M
MKTXMarketaxess Hldgs Inc	1.4%	0.5%	500,000	+359.4%	$56.7M
TCBKTrico Bancshares	1.4%	1.4%	1,046,900	+0.0%	$56.4M
ABCBAmeris Bancorp	1.4%	1.4%	621,800	+0.0%	$56.1M
MAMastercard Incorporated	1.3%	1.5%	102,000	+0.0%	$52.4M
CGCarlyle Group Inc	1.2%	1.6%	1,131,000	+0.0%	$47.6M
USBUS Bancorp	1.1%	1.1%	715,210	+0.0%	$43.2M
OSBCOld Second Bancorp Inc D	1.1%	1.1%	1,800,000	+0.0%	$42.0M
RJFRaymond James Finl Inc	1.0%	1.1%	270,000	+0.0%	$41.0M
FBKFb Finl Corp	0.9%	0.9%	619,236	+0.0%	$34.3M
CCNECnb Finl Corp Pa	0.8%	0.8%	950,000	+0.0%	$32.0M
WFCWells Fargo & Co	0.7%	0.8%	337,969	+0.0%	$27.9M
INFQInfleqtion Inc	0.7%	—	2,085,798	—	$27.8M
AXPAmerican Express Co	0.5%	0.6%	63,000	+0.0%	$21.3M
STTState Str Corp	0.3%	0.4%	76,000	-34.5%	$12.9M
TSBKTimberland Bancorp Inc	0.2%	0.2%	174,476	+0.0%	$7.8M
AMATApplied Matls Inc	0.1%	0.1%	6,626	+0.0%	$4.8M
XOMExxon Mobil Corp	0.1%	0.1%	24,166	+0.0%	$3.3M
JNJJohnson & Johnson	0.1%	0.1%	12,500	+0.0%	$3.2M
KOCoca Cola Co	0.1%	0.1%	25,000	+0.0%	$2.0M
BLKBlackrock Inc	0.1%	0.1%	2,100	+0.0%	$2.0M
MGMMgm Resorts International	0.0%	0.0%	31,458	+0.0%	$1.5M
GOOGLAlphabet Inc	0.0%	0.0%	4,000	-15.8%	$1.4M
DEDeere & Co	0.0%	0.0%	1,943	+0.0%	$1.2M
TRVTravelers Companies Inc	0.0%	0.0%	3,653	+0.0%	$1.2M
LLYEli Lilly & Co	0.0%	0.0%	637	+0.0%	$764K
MRKMerck & Co Inc	0.0%	0.0%	4,000	+0.0%	$514K
LINLinde PLC	0.0%	0.0%	900	+0.0%	$467K
962166954Weyerhaeuser Co.	0.0%	0.0%	17,301	+0.0%	$414K

What Davis Asset Management, L.P. bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +7.8% /yr; S&P 500 +20.1%
3 years: +18.7% /yr; S&P 500 +20.4%
5 years: +16.6% /yr; S&P 500 +19.3%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$3.9B	85
Q1 2026	$3.5B	85
Q4 2025	$2.8B	30
Q3 2025	$2.8B	31
Q2 2025	$2.6B	31
Q1 2025	$2.4B	31
Q4 2024	$2.5B	31
Q3 2024	$2.5B	33
Q2 2024	$2.2B	34
Q1 2024	$2.3B	33
Q4 2023	$2.0B	32
Q3 2023	$1.7B	32

Questions about Davis Asset Management, L.P.'s portfolio

What stocks does Davis Asset Management, L.P. own?

Davis Asset Management, L.P.'s latest 13F, for Q2 2026 and filed Aug 12, 2026, lists 85 positions worth $3.9B. The largest are Alphabet Inc (GOOG) at 9.4%, Berkshire Hathaway Inc Del (BRK-A) at 9.2%, Meta Platforms Inc (META) at 7.4%, Western Alliance Bancorp (WAL) at 6.9% and Markel Group Inc (MKL) at 4.6%.

What did Davis Asset Management, L.P. buy last quarter?

In Q2 2026, Davis Asset Management, L.P. added Marketaxess Hldgs Inc (MKTX) (+359.4% shares), Accenture PLC Ireland (ACN) (+37.0% shares) and Markel Group Inc (MKL) (+30.4% shares), compared with its Q1 2026 filing.

What did Davis Asset Management, L.P. sell last quarter?

In Q2 2026, Davis Asset Management, L.P. cut from its top 50 Berkley W R Corp (WRB), State Str Corp (STT) (-34.5% shares) and Alphabet Inc (GOOGL) (-15.8% shares), compared with its Q1 2026 filing.

How has Davis Asset Management, L.P.'s portfolio performed?

A portfolio copying Davis Asset Management, L.P.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +18.7% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +7.8% against +20.1%. Over 5 years: +16.6% a year against +19.3%.

When is Davis Asset Management, L.P.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Davis Asset Management, L.P.'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.