DAVIS SELECTED ADVISERS — Quarter-over-Quarter 13F Allocation Shifts Q1 2026
In Q1 2026, DAVIS SELECTED ADVISERS initiated 6 new positions, increased allocation to 10 existing positions, trimmed 10 positions, and exited 2 positions entirely. The fund's 13F equity book declined from $22.25B to $21.78B (-2.1% QoQ) . All deltas are sourced from sequential SEC Form 13F-HR filings; share-count changes reflect explicit trading activity, while weight changes can also include price movement. This page lists every position change reported — the portfolio overview shows a summary of the top shifts.
Net Portfolio Value Change
- $22.25BPrior quarter
- $21.78BCurrent quarter
- $-0.47BNet delta
- -2.1%% change
New Position Initiations Q1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Allocation Weight | History |
|---|---|---|---|
| LYONDELLBASELL INDUSTRIES N.V. | LYB | 2.07% | Holders → |
| ADOBE INC | ADBE | 0.05% | Holders → |
| JONES LANG LASALLE INC | JLL | 0.02% | Holders → |
| CBRE GROUP INC | CBRE | 0.02% | Holders → |
| FERMI INC. | FRMI | 0.01% | Holders → |
| JANUS LIVING, INC. | JAN | 0.00% | Holders → |
Largest Allocation Increases Q1 2026
Largest portfolio-weight increases in existing positions. Share-count delta is shown separately so price-only re-weighting can be distinguished from active adds.
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| SAP SE - ADR | SAP | +0.19% | +463.33% | Holders → |
| SEA LTD., CLASS A, ADR | SE | +0.45% | +323.75% | Holders → |
| SYNOPSYS, INC. | SNPS | +0.03% | +199.40% | Holders → |
| THE CIGNA GROUP | CI | +1.80% | +196.73% | Holders → |
| JBS N.V., CLASS A | JBS | +1.40% | +121.39% | Holders → |
| FULL TRUCK ALLIANCE CO. LTD., ADR | YMM | +0.25% | +64.01% | Holders → |
| ROCKET COMPANIES, INC., CLASS A | RKT | +0.03% | +49.43% | Holders → |
| HEALTHPEAK PROPERTIES INC | DOC | +0.02% | +48.00% | Holders → |
| APPLOVIN CORP | APP | +-0.14% | +35.42% | Holders → |
| TRIP COM GROUP LTD | TCOM | +-0.13% | +29.72% | Holders → |
Largest Allocation Reductions Q1 2026
Largest portfolio-weight decreases in existing positions (positions kept open at a lower allocation).
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| DARLING INGREDIENTS INC | DAR | -0.41% | -93.39% | Holders → |
| ISHARES S&P 500 VALUE INDEX FUND | IVE | -0.11% | -90.85% | Holders → |
| LAM RESEARCH CORP. | LRCX | -0.01% | -77.36% | Holders → |
| APPLIED MATLS INC | AMAT | -2.97% | -71.51% | Holders → |
| REXFORD INDUSTRIAL REALTY, INC. | REXR | -0.03% | -39.21% | Holders → |
| SUNSTONE HOTEL INVESTORS, INC. | SHO | -0.01% | -30.47% | Holders → |
| SIMON PPTY GROUP INC NEW | SPG | -0.01% | -23.76% | Holders → |
| MID-AMERICA APARTMENT COMMUNITIES, INC. | MAA | -0.01% | -19.13% | Holders → |
| JD.COM INC., CLASS A, ADR | JD | -0.00% | -13.91% | Holders → |
| TECK RESOURCES LTD., CLASS B | TECK | -0.07% | -11.94% | Holders → |
Exited Positions Q1 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 | 0.02% |
| NETSTREIT CORP. | NTST | 0.02% |
Methodology & FAQ
How DAVIS SELECTED ADVISERS Quarterly Changes Are Computed
Each row above is computed by joining the most recent 13F-HR filing for DAVIS SELECTED ADVISERS against the immediately preceding quarterly filing for the same fund. Portfolio weights are normalized to exclude listed options for comparability. A complete description of the methodology — including how confidential treatment filings are handled and why share count rather than weight is the cleaner trading signal — is documented in the Methodology.
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, 2.07%), ADOBE INC (ADBE, 0.05%), JONES LANG LASALLE INC (JLL, 0.02%), CBRE GROUP INC (CBRE, 0.02%), FERMI INC. (FRMI, 0.01%), JANUS LIVING, INC. (JAN, 0.00%).
Which existing positions saw the largest allocation increases for DAVIS SELECTED ADVISERS in Q1 2026?
The largest portfolio-weight increases in existing positions were: SAP SE - ADR (SAP, +0.19% weight, +463.33% shares), SEA LTD., CLASS A, ADR (SE, +0.45% weight, +323.75% shares), SYNOPSYS, INC. (SNPS, +0.03% weight, +199.40% shares), THE CIGNA GROUP (CI, +1.80% weight, +196.73% shares), JBS N.V., CLASS A (JBS, +1.40% weight, +121.39% shares), FULL TRUCK ALLIANCE CO. LTD., ADR (YMM, +0.25% weight, +64.01% shares), ROCKET COMPANIES, INC., CLASS A (RKT, +0.03% weight, +49.43% shares), HEALTHPEAK PROPERTIES INC (DOC, +0.02% weight, +48.00% shares), APPLOVIN CORP (APP, +-0.14% weight, +35.42% shares), TRIP COM GROUP LTD (TCOM, +-0.13% weight, +29.72% 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 0.02%), NETSTREIT CORP. (NTST, last-reported weight 0.02%).
Which existing positions saw the largest allocation reductions for DAVIS SELECTED ADVISERS in Q1 2026?
The largest portfolio-weight reductions in positions kept open were: DARLING INGREDIENTS INC (DAR, -0.41% weight, -93.39% shares), ISHARES S&P 500 VALUE INDEX FUND (IVE, -0.11% weight, -90.85% shares), LAM RESEARCH CORP. (LRCX, -0.01% weight, -77.36% shares), APPLIED MATLS INC (AMAT, -2.97% weight, -71.51% shares), REXFORD INDUSTRIAL REALTY, INC. (REXR, -0.03% weight, -39.21% shares), SUNSTONE HOTEL INVESTORS, INC. (SHO, -0.01% weight, -30.47% shares), SIMON PPTY GROUP INC NEW (SPG, -0.01% weight, -23.76% shares), MID-AMERICA APARTMENT COMMUNITIES, INC. (MAA, -0.01% weight, -19.13% shares), JD.COM INC., CLASS A, ADR (JD, -0.00% weight, -13.91% shares), TECK RESOURCES LTD., CLASS B (TECK, -0.07% weight, -11.94% 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.