Davis Asset Management, L.P. Long-Term Concentrated

CIK: 0001945894 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 13, 2025

Total Value ($000): $2,568,526 (100.0% shares, 0.0% debt)

Holdings (31)

META Meta Platforms 14.4%

Value ($000) $369,045 Shares 500,000 Est. Cost $160.96 Unrealized +283.1%

WAL Western Alliance Bancorp 7.6%

Value ($000) $194,950 Shares 2,500,000 Est. Cost $69.27 Unrealized +2.0%

GOOG Alphabet Inc 6.9%

Value ($000) $177,390 Shares 1,000,000 Est. Cost $110.83 Unrealized +48.7%

CB Chubb Limited 5.1%

Value ($000) $130,374 Shares 450,000 Est. Cost $181.71 Unrealized +57.9%

STT State Street Corp 5.0%

Value ($000) $127,608 Shares 1,200,000 Est. Cost $60.70 Unrealized +49.2%

CRBG Corebridge Financial 4.8%

Value ($000) $124,250 Shares 3,500,000 Est. Cost $21.56 Unrealized +41.2%

GPN Global Payments Inc. 4.4%

Value ($000) $112,056 Shares 1,400,000 Est. Cost $116.43 Unrealized -32.6%

AX AXOS Financial Inc 4.3%

Value ($000) $110,807 Shares 1,457,219 Est. Cost $40.41 Unrealized +67.3%

WBS Webster Financial Corp 4.3%

Value ($000) $109,200 Shares 2,000,000 Est. Cost $46.15 Unrealized +8.0%

V Visa Inc Com 4.1%

Value ($000) $106,515 Shares 300,000 Est. Cost $198.34 Unrealized +74.9%

MKL Markel 3.9%

Value ($000) $99,868 Shares 50,000 Est. Cost $1367.86 Unrealized +37.1%

BRK/A Berkshire Hathaway Inc Del Cl A Frmly 3.4%

Value ($000) $87,456 Shares 120 Est. Cost $428128.38 Unrealized +77.9%

BRK/B Berkshire Hathaway Inc Del Cl B Frmly 3.4%

Value ($000) $87,439 Shares 180,000 Est. Cost $284.56 Unrealized +78.5%

CG Carlyle Group 3.0%

Value ($000) $77,100 Shares 1,500,000 Est. Cost $29.10 Unrealized +44.7%

MTB M&T Bank 2.5%

Value ($000) $63,047 Shares 325,000 Est. Cost $123.93 Unrealized +39.5%

SFBS Servisfirst Bancshares Inc 2.3%

Value ($000) $59,184 Shares 763,562 Est. Cost $79.18 Unrealized -8.0%

BABA Alibaba 2.2%

Value ($000) $56,705 Shares 500,000 Est. Cost $113.68 Unrealized —

EQR Equity Residential 2.1%

Value ($000) $53,992 Shares 800,000 Est. Cost $52.84 Unrealized +26.1%

ACGL Arch Capital Group LTD 1.9%

Value ($000) $50,078 Shares 550,000 Est. Cost $71.30 Unrealized +29.4%

MA Mastercard Inc 1.9%

Value ($000) $47,765 Shares 85,000 Est. Cost $325.17 Unrealized +69.6%

FSBC Five Star Bancorp 1.7%

Value ($000) $43,138 Shares 1,511,500 Est. Cost $23.28 Unrealized +15.6%

TCBK TriCo Bancshares 1.7%

Value ($000) $42,389 Shares 1,046,900 Est. Cost $46.74 Unrealized -15.9%

RJF Raymond James Financial Inc 1.6%

Value ($000) $41,410 Shares 270,000 Est. Cost $96.20 Unrealized +47.4%

ABCB Ameris Bancorp 1.6%

Value ($000) $40,230 Shares 621,800 Est. Cost $51.82 Unrealized +13.3%

JLL Jones Lange Lasalle Inc. 1.3%

Value ($000) $33,084 Shares 129,346 Est. Cost $174.25 Unrealized +31.5%

— Southern States Bancshares 1.1%

Value ($000) $28,152 Shares 774,046 Est. Cost $27.25 Unrealized —

USB US Bancorp Del Com New 1.1%

Value ($000) $27,150 Shares 600,000 Est. Cost $39.22 Unrealized +3.9%

OSBC Old Second Bancorp 1.0%

Value ($000) $24,561 Shares 1,384,502 Est. Cost $14.96 Unrealized +7.7%

CCNE CNB Financial Corp PA 0.8%

Value ($000) $20,438 Shares 894,033 Est. Cost $20.69 Unrealized +4.2%

FAF First American Financial Corp 0.7%

Value ($000) $17,702 Shares 288,358 Est. Cost $57.94 Unrealized 0.0%

TSBK Timberland Bancorp Inc 0.2%

Value ($000) $5,444 Shares 174,476 Est. Cost $23.23 Unrealized +27.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	Meta Platforms	500,000	$369,045	14.4%	$160.96	+283.1%	Cl A	30303M102
WAL	Western Alliance Bancorp	2,500,000	$194,950	7.6%	$69.27	+2.0%	COM	957638109
GOOG	Alphabet Inc	1,000,000	$177,390	6.9%	$110.83	+48.7%	Class C	02079K107
CB	Chubb Limited	450,000	$130,374	5.1%	$181.71	+57.9%	COM	H1467J104
STT	State Street Corp	1,200,000	$127,608	5.0%	$60.70	+49.2%	COM	857477103
CRBG	Corebridge Financial	3,500,000	$124,250	4.8%	$21.56	+41.2%	COM	21871X109
GPN	Global Payments Inc.	1,400,000	$112,056	4.4%	$116.43	-32.6%	COM	37940X102
AX	AXOS Financial Inc	1,457,219	$110,807	4.3%	$40.41	+67.3%	COM	05465C100
WBS	Webster Financial Corp	2,000,000	$109,200	4.3%	$46.15	+8.0%	COM	947890109
V	Visa Inc Com	300,000	$106,515	4.1%	$198.34	+74.9%	COM	92826C839
MKL	Markel	50,000	$99,868	3.9%	$1367.86	+37.1%	COM	570535104
BRK/A	Berkshire Hathaway Inc Del Cl A Frmly	120	$87,456	3.4%	$428128.38	+77.9%	CL A	084670108
BRK/B	Berkshire Hathaway Inc Del Cl B Frmly	180,000	$87,439	3.4%	$284.56	+78.5%	CL B	084670702
CG	Carlyle Group	1,500,000	$77,100	3.0%	$29.10	+44.7%	COM	14316J108
MTB	M&T Bank	325,000	$63,047	2.5%	$123.93	+39.5%	COM	55261F104
SFBS	Servisfirst Bancshares Inc	763,562	$59,184	2.3%	$79.18	-8.0%	COM	81768T108
BABA	Alibaba	500,000	$56,705	2.2%	$113.68	—	Sponsored ADS	01609W102
EQR	Equity Residential	800,000	$53,992	2.1%	$52.84	+26.1%	SH BEN INT	29476L107
ACGL	Arch Capital Group LTD	550,000	$50,078	1.9%	$71.30	+29.4%	COM	G0450A105
MA	Mastercard Inc	85,000	$47,765	1.9%	$325.17	+69.6%	COM	57636Q104
FSBC	Five Star Bancorp	1,511,500	$43,138	1.7%	$23.28	+15.6%	COM	33830T103
TCBK	TriCo Bancshares	1,046,900	$42,389	1.7%	$46.74	-15.9%	COM	896095106
RJF	Raymond James Financial Inc	270,000	$41,410	1.6%	$96.20	+47.4%	COM	754730109
ABCB	Ameris Bancorp	621,800	$40,230	1.6%	$51.82	+13.3%	COM	03076K108
JLL	Jones Lange Lasalle Inc.	129,346	$33,084	1.3%	$174.25	+31.5%	COM	48020Q107
—	Southern States Bancshares	774,046	$28,152	1.1%	$27.25	—	COM	843878307
USB	US Bancorp Del Com New	600,000	$27,150	1.1%	$39.22	+3.9%	COM	902973304
OSBC	Old Second Bancorp	1,384,502	$24,561	1.0%	$14.96	+7.7%	COM	680277100
CCNE	CNB Financial Corp PA	894,033	$20,438	0.8%	$20.69	+4.2%	COM	126128107
FAF	First American Financial Corp	288,358	$17,702	0.7%	$57.94	0.0%	COM	31847R102
TSBK	Timberland Bancorp Inc	174,476	$5,444	0.2%	$23.23	+27.4%	COM	887098101