DAVIS SELECTED ADVISERS 13F: Quarter-over-Quarter Portfolio Changes
DAVIS SELECTED ADVISERS reported a disclosed portfolio value of approximately $23.3 billion in its latest SEC Form 13F-HR filing for Q2 2026, up 6.9% quarter on quarter. Over the quarter, the manager initiated 2 new positions, bought more shares in 18 holdings, trimmed 87 holdings, and exited 2 positions.
DAVIS SELECTED ADVISERS's top buy was a new stake in Devon Energy CORP New (DVN) , equal to 4.5% of the disclosed portfolio. Its top sell was Coterra Energy, INC. (CTRA) . The manager exited the position completely after it had accounted for 6.0% of the previous portfolio.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| DEVON ENERGY CORP NEW | DVN | 4.5% | History → |
| SBA COMMUNICATIONS CORP | SBAC | 0.0% | Holders → |
Top BuysQ2 2026
Showing the top 10 buys among 18 existing positions where the manager bought more shares in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| JANUS LIVING INC | JAN | +0.0% | +250.0% | Holders → |
| JBS N.V. | JBS | +0.4% | +90.6% | Holders → |
| ESSEX PPTY TR INC | ESS | +0.0% | +70.0% | Holders → |
| LYONDELLBASELL INDUSTRIES NV | LYB | +-0.1% | +55.4% | Holders → |
| ADOBE INC | ADBE | +0.0% | +50.4% | Holders → |
| FERMI INC | FRMI | +0.0% | +47.6% | Holders → |
| NETEASE INC | NTES | +0.1% | +45.0% | Holders → |
| NVIDIA CORPORATION | NVDA | +0.0% | +36.3% | Holders → |
| TRIP COM GROUP LTD | TCOM | +0.0% | +33.7% | Holders → |
| AMAZON.COM INC | AMZN | +1.1% | +24.8% | History → |
Top SellsQ2 2026
Showing the top 10 sells among 87 existing positions where the manager sold shares in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| APPLIED MATERIALS INC | AMAT | -1.6% | 91.4% | Holders → |
| SAP SE SPON ADR | SAP | -0.2% | 80.9% | Holders → |
| ISHARES TR | IVE | -0.0% | 71.7% | Holders → |
| ALEXANDRIA REAL ESTATE EQ IN | ARE | -0.0% | 55.5% | Holders → |
| MID-AMER APT CMNTYS INC | MAA | -0.0% | 54.4% | Holders → |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | -0.0% | 44.7% | Holders → |
| CROWN HLDGS INC | CCK | -0.0% | 36.2% | Holders → |
| BANK OF NY MELLON CORP | BK | -0.1% | 30.2% | Holders → |
| JOHNSON CONTROLS INTERNATION | JCI | -0.0% | 27.1% | Holders → |
| AVALONBAY CMNTYS INC | AVB | -0.0% | 25.1% | Holders → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| COTERRA ENERGY, INC. | CTRA | 6.0% |
| CROWN CASTLE INTERNATIONAL CORP | CCI | 0.0% |
Net Portfolio Value ChangeQ2 2026
- $21.8BPrior quarter
- $23.3BCurrent quarter
- +$1.5BNet delta
- +6.9%% 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 Q2 2026?
In Q2 2026, DAVIS SELECTED ADVISERS initiated 2 new positions (DEVON ENERGY CORP NEW (DVN), SBA COMMUNICATIONS CORP (SBAC)); bought more shares of JANUS LIVING INC (JAN), JBS N.V. (JBS), ESSEX PPTY TR INC (ESS), LYONDELLBASELL INDUSTRIES NV (LYB), ADOBE INC (ADBE) (the largest 5 of 18 adds).
What stocks did DAVIS SELECTED ADVISERS sell in Q2 2026?
In Q2 2026, DAVIS SELECTED ADVISERS fully sold 2 positions (COTERRA ENERGY, INC. (CTRA), CROWN CASTLE INTERNATIONAL CORP (CCI)); reduced holdings in APPLIED MATERIALS INC (AMAT), SAP SE SPON ADR (SAP), ISHARES TR (IVE), ALEXANDRIA REAL ESTATE EQ IN (ARE), MID-AMER APT CMNTYS INC (MAA) (the largest 5 of 87 reductions).
Which positions did DAVIS SELECTED ADVISERS initiate in Q2 2026?
DAVIS SELECTED ADVISERS established 2 new positions in Q2 2026: DEVON ENERGY CORP NEW (DVN, 4.5%), SBA COMMUNICATIONS CORP (SBAC, 0.0%).
Which existing positions saw the largest allocation increases for DAVIS SELECTED ADVISERS in Q2 2026?
Of 18 existing positions with share-count increases in Q2 2026, the largest were: JANUS LIVING INC (JAN, +0.0% weight, +250.0% shares), JBS N.V. (JBS, +0.4% weight, +90.6% shares), ESSEX PPTY TR INC (ESS, +0.0% weight, +70.0% shares), LYONDELLBASELL INDUSTRIES NV (LYB, +-0.1% weight, +55.4% shares), ADOBE INC (ADBE, +0.0% weight, +50.4% shares), FERMI INC (FRMI, +0.0% weight, +47.6% shares), NETEASE INC (NTES, +0.1% weight, +45.0% shares), NVIDIA CORPORATION (NVDA, +0.0% weight, +36.3% shares), TRIP COM GROUP LTD (TCOM, +0.0% weight, +33.7% shares), AMAZON.COM INC (AMZN, +1.1% weight, +24.8% shares).
Which positions did DAVIS SELECTED ADVISERS fully exit in Q2 2026?
DAVIS SELECTED ADVISERS fully exited 2 positions in Q2 2026: COTERRA ENERGY, INC. (CTRA, last-reported weight 6.0%), CROWN CASTLE INTERNATIONAL CORP (CCI, last-reported weight 0.0%).
Which existing positions saw the largest allocation reductions for DAVIS SELECTED ADVISERS in Q2 2026?
Of 87 existing positions with share-count reductions in Q2 2026, the largest were: APPLIED MATERIALS INC (AMAT, -1.6% weight, -91.4% shares), SAP SE SPON ADR (SAP, -0.2% weight, -80.9% shares), ISHARES TR (IVE, -0.0% weight, -71.7% shares), ALEXANDRIA REAL ESTATE EQ IN (ARE, -0.0% weight, -55.5% shares), MID-AMER APT CMNTYS INC (MAA, -0.0% weight, -54.4% shares), TAIWAN SEMICONDUCTOR MANUFAC (TSM, -0.0% weight, -44.7% shares), CROWN HLDGS INC (CCK, -0.0% weight, -36.2% shares), BANK OF NY MELLON CORP (BK, -0.1% weight, -30.2% shares), JOHNSON CONTROLS INTERNATION (JCI, -0.0% weight, -27.1% shares), AVALONBAY CMNTYS INC (AVB, -0.0% weight, -25.1% 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.