DAVIS SELECTED ADVISERS 13F: Quarter-over-Quarter Portfolio Changes
DAVIS SELECTED ADVISERS reported a disclosed portfolio value of approximately $21.8 billion in its latest SEC Form 13F-HR filing for Q1 2026, down 2.1% quarter on quarter. Over the quarter, the manager initiated 6 new positions, bought more shares in 64 holdings, trimmed 36 holdings, and exited 2 positions.
DAVIS SELECTED ADVISERS's top buy was a new stake in Lyondellbasell Industries N.V. (LYB) , equal to 2.1% of the disclosed portfolio. Its top sell was Darling Ingredients INC (DAR) . The manager sold 93.4% of its previously reported shares, reducing the position's portfolio weight by 0.4 percentage points.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| LYONDELLBASELL INDUSTRIES N.V. | LYB | 2.1% | Holders → |
| ADOBE INC | ADBE | 0.1% | Holders → |
| JONES LANG LASALLE INC | JLL | 0.0% | Holders → |
| CBRE GROUP INC | CBRE | 0.0% | Holders → |
| FERMI INC | FRMI | 0.0% | Holders → |
| JANUS LIVING INC | JAN | 0.0% | Holders → |
Top BuysQ1 2026
Showing the top 10 buys among 64 existing positions where the manager bought more shares in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| SAP SE SPON ADR | SAP | +0.2% | +463.3% | Holders → |
| SEA LTD | SE | +0.5% | +323.8% | Holders → |
| SYNOPSYS INC | SNPS | +0.0% | +199.4% | Holders → |
| THE CIGNA GROUP | CI | +1.8% | +196.7% | Holders → |
| JBS N.V. | JBS | +1.4% | +121.4% | Holders → |
| FULL TRUCK A-ADR | YMM | +0.3% | +64.0% | Holders → |
| ROCKET COS INC | RKT | +0.0% | +49.4% | Holders → |
| HEALTHPEAK PROPERTIES INC | DOC | +0.0% | +48.0% | Holders → |
| APPLOVIN CORP | APP | +-0.1% | +35.4% | Holders → |
| TRIP COM GROUP LTD | TCOM | +-0.1% | +29.7% | Holders → |
Top SellsQ1 2026
Showing the top 10 sells among 36 existing positions where the manager sold shares in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| DARLING INGREDIENTS INC | DAR | -0.4% | 93.4% | Holders → |
| ISHARES S&P 500 VALUE INDEX FUND | IVE | -0.1% | 90.9% | Holders → |
| LAM RESEARCH CORP | LRCX | -0.0% | 77.4% | Holders → |
| APPLIED MATLS INC | AMAT | -3.0% | 71.5% | Holders → |
| REXFORD INDUSTRIAL REALTY, INC. | REXR | -0.0% | 39.2% | Holders → |
| SUNSTONE HOTEL INVESTORS, INC. | SHO | -0.0% | 30.5% | Holders → |
| SIMON PPTY GROUP INC NEW | SPG | -0.0% | 23.8% | Holders → |
| MID-AMER APT CMNTYS INC | MAA | -0.0% | 19.1% | Holders → |
| JD.COM INC-ADR | JD | -0.0% | 13.9% | Holders → |
| TECK RESOURCES LTD | TECK | -0.1% | 11.9% | Holders → |
Full ExitsQ1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| UDR INC | UDR | 0.0% |
| NETSTREIT CORP. | NTST | 0.0% |
Net Portfolio Value ChangeQ1 2026
- $22.2BPrior quarter
- $21.8BCurrent quarter
- $-0.5BNet delta
- -2.1%% change
Methodology & FAQ
How DAVIS SELECTED ADVISERS Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for DAVIS SELECTED ADVISERS: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description — including how confidential treatment filings are handled — is documented in the Methodology.
What stocks did DAVIS SELECTED ADVISERS buy in Q1 2026?
In Q1 2026, DAVIS SELECTED ADVISERS initiated 6 new positions (LYONDELLBASELL INDUSTRIES N.V. (LYB), ADOBE INC (ADBE), JONES LANG LASALLE INC (JLL), CBRE GROUP INC (CBRE), FERMI INC (FRMI), JANUS LIVING INC (JAN)); bought more shares of SAP SE SPON ADR (SAP), SEA LTD (SE), SYNOPSYS INC (SNPS), THE CIGNA GROUP (CI), JBS N.V. (JBS) — the largest 5 of 64 adds.
What stocks did DAVIS SELECTED ADVISERS sell in Q1 2026?
In Q1 2026, DAVIS SELECTED ADVISERS fully sold 2 positions (UDR INC (UDR), NETSTREIT CORP. (NTST)); reduced holdings in DARLING INGREDIENTS INC (DAR), ISHARES S&P 500 VALUE INDEX FUND (IVE), LAM RESEARCH CORP (LRCX), APPLIED MATLS INC (AMAT), REXFORD INDUSTRIAL REALTY, INC. (REXR) — the largest 5 of 36 reductions.
Which positions did DAVIS SELECTED ADVISERS initiate in Q1 2026?
DAVIS SELECTED ADVISERS established 6 new positions in Q1 2026: LYONDELLBASELL INDUSTRIES N.V. (LYB, 2.1%), ADOBE INC (ADBE, 0.1%), JONES LANG LASALLE INC (JLL, 0.0%), CBRE GROUP INC (CBRE, 0.0%), FERMI INC (FRMI, 0.0%), JANUS LIVING INC (JAN, 0.0%).
Which existing positions saw the largest allocation increases for DAVIS SELECTED ADVISERS in Q1 2026?
Of 64 existing positions with share-count increases in Q1 2026, the largest were: SAP SE SPON ADR (SAP, +0.2% weight, +463.3% shares), SEA LTD (SE, +0.5% weight, +323.8% shares), SYNOPSYS INC (SNPS, +0.0% weight, +199.4% shares), THE CIGNA GROUP (CI, +1.8% weight, +196.7% shares), JBS N.V. (JBS, +1.4% weight, +121.4% shares), FULL TRUCK A-ADR (YMM, +0.3% weight, +64.0% shares), ROCKET COS INC (RKT, +0.0% weight, +49.4% shares), HEALTHPEAK PROPERTIES INC (DOC, +0.0% weight, +48.0% shares), APPLOVIN CORP (APP, +-0.1% weight, +35.4% shares), TRIP COM GROUP LTD (TCOM, +-0.1% weight, +29.7% shares).
Which positions did DAVIS SELECTED ADVISERS fully exit in Q1 2026?
DAVIS SELECTED ADVISERS fully exited 2 positions in Q1 2026: UDR INC (UDR, last-reported weight 0.0%), NETSTREIT CORP. (NTST, last-reported weight 0.0%).
Which existing positions saw the largest allocation reductions for DAVIS SELECTED ADVISERS in Q1 2026?
Of 36 existing positions with share-count reductions in Q1 2026, the largest were: DARLING INGREDIENTS INC (DAR, -0.4% weight, -93.4% shares), ISHARES S&P 500 VALUE INDEX FUND (IVE, -0.1% weight, -90.9% shares), LAM RESEARCH CORP (LRCX, -0.0% weight, -77.4% shares), APPLIED MATLS INC (AMAT, -3.0% weight, -71.5% shares), REXFORD INDUSTRIAL REALTY, INC. (REXR, -0.0% weight, -39.2% shares), SUNSTONE HOTEL INVESTORS, INC. (SHO, -0.0% weight, -30.5% shares), SIMON PPTY GROUP INC NEW (SPG, -0.0% weight, -23.8% shares), MID-AMER APT CMNTYS INC (MAA, -0.0% weight, -19.1% shares), JD.COM INC-ADR (JD, -0.0% weight, -13.9% shares), TECK RESOURCES LTD (TECK, -0.1% weight, -11.9% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.