Davis Asset Management, L.P. reported 82 positions worth $3.95B for the quarter ended Jun 30, 2026, up 14.3% on the prior quarter. It opened 3 new positions, added to 9, trimmed 5 and exited 3. Its largest holding is Alphabet Inc. at 9.4% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| MKTX Marketaxess Holdings Inc | +391.2K | +359.4% | $44.39M | 1.44% |
| MKL Markel Group Inc. | +21.5K | +30.4% | $41.94M | 4.56% |
| INFQ Infleqtion, Inc. | +2.09M | – | $27.78M | 0.704% |
| ACN Accenture plc | +200.0K | +37.0% | $24.89M | 2.33% |
| WAL Western Alliance Bancorporation | +253.0K | +8.2% | $20.80M | 6.95% |
| BRK-B Berkshire Hathaway Inc | +38.6K | +12.2% | $19.30M | 4.49% |
| GOOG Alphabet Inc. | +49.6K | +5.0% | $17.52M | 9.39% |
| BRK-A Berkshire Hathaway Inc | +11 | +2.3% | $8.24M | 9.22% |
| JPM Jpmorgan Chase & Co | +25.1K | +5.4% | $8.22M | 4.09% |
| META Meta Platforms, Inc. | +2,000 | +0.4% | $1.13M | 7.38% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| STT State Street Corp | -40.0K | -34.5% | $6.78M | 0.326% |
| GOOGL Alphabet Inc. | -750 | -15.8% | $268.03K | 0.036% |
| VMRK Vivmark Residential | -3,000 | -0.3% | $203.79K | 1.83% |
| CRBG Corebridge Financial, Inc. | -4,000 | -0.1% | $114.52K | 4.21% |
| DIS Walt Disney Co | -19 | -100.0% | $1.83K | Exited |
| TSLA Tesla, Inc. | -3 | -100.0% | $1.12K | Exited |
| CRWV CoreWeave, Inc. | -3 | -100.0% | $232.00 | Exited |
| DD DuPont de Nemours, Inc. | -1 | -0.1% | $90.43 | <0.01% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | GOOG Alphabet Inc. | Technology | 1.05M | $370.85M | 9.39% | +49.6K | +5.0% | Added | 0.01% |
| 2 | BRK-A Berkshire Hathaway Inc | Financial Services | 486 | $363.94M | 9.22% | +11 | +2.3% | Added | 0.1% |
| 3 | META Meta Platforms, Inc. | Technology | 517.0K | $291.22M | 7.38% | +2,000 | +0.4% | Added | 0.02% |
| 4 | WAL Western Alliance Bancorporation | Financial Services | 3.34M | $274.22M | 6.95% | +253.0K | +8.2% | Added | 3.06% |
| 5 | MKL Markel Group Inc. | Financial Services | 92.1K | $179.88M | 4.56% | +21.5K | +30.4% | Added | 0.73% |
| 6 | BRK-B Berkshire Hathaway Inc | Financial Services | 354.2K | $177.25M | 4.49% | +38.6K | +12.2% | Added | 0.03% |
| 7 | CB Chubb Ltd | Financial Services | 494.6K | $168.52M | 4.27% | 0 | 0.0% | Unchanged | 0.13% |
| 8 | CRBG Corebridge Financial, Inc. | Financial Services | 5.80M | $166.05M | 4.21% | -4,000 | -0.1% | Reduced | 1.28% |
| 9 | JPM Jpmorgan Chase & Co | Financial Services | 493.9K | $161.67M | 4.09% | +25.1K | +5.4% | Added | 0.02% |
| 10 | AX Axos Financial, Inc. | Financial Services | 1.54M | $149.51M | 3.79% | 0 | 0.0% | Unchanged | 2.71% |
| 11 | PGR Progressive Corp | Financial Services | 504.5K | $110.21M | 2.79% | 0 | 0.0% | Unchanged | 0.09% |
| 12 | V Visa Inc. | Financial Services | 320.0K | $109.79M | 2.78% | 0 | 0.0% | Unchanged | 0.02% |
| 13 | GPN Global Payments Inc | Technology | 1.49M | $107.75M | 2.73% | 0 | 0.0% | Unchanged | 0.55% |
| 14 | FAF First American Financial Corp | Financial Services | 1.50M | $102.89M | 2.61% | 0 | 0.0% | Unchanged | 1.46% |
| 15 | MTB M&T Bank Corp | Financial Services | 410.0K | $97.58M | 2.47% | 0 | 0.0% | Unchanged | 0.28% |
Tip. Select a row to see that position’s full history at Davis Asset Management.
As of its Q2 2026 13F filing, Davis Asset Management, L.P.’s five largest positions were Alphabet Inc. (GOOG) at 9.4%, Berkshire Hathaway Inc (BRK-A) at 9.2%, Meta Platforms, Inc. (META) at 7.4%, Western Alliance Bancorporation (WAL) at 6.9%, Markel Group Inc. (MKL) at 4.6% of the reported portfolio.
Davis Asset Management, L.P. reported a 13F portfolio worth $3.95B across 82 positions for Q2 2026. That is up 14.3% from the previous quarter.
Its largest purchases by value were Marketaxess Holdings Inc ($44.39M), Markel Group Inc. ($41.94M), Infleqtion, Inc. ($27.78M). It opened 3 new positions.
Its largest sales by value were State Street Corp ($6.78M), Alphabet Inc. ($268.03K), Vivmark Residential ($203.79K). It exited 3 positions entirely.
From the Form 13F-HR reports Davis Asset Management, L.P. files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.