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

Name: Davis Asset Management, L.P. Q2 2026 13F Filing | 13F Explorer
Creator: Davis Asset Management, L.P.
Published: 2026-08-12

Location: Sausalito, CA

CIK: 0001945894 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Aug 12, 2026

Total Value: $3.949B (100.0% shares, 0.0% debt)

Holdings (85)

New Positions (3)

INFQ Infleqtion Inc. 0.7%

Value $27.78M Shares 2,085,798 Est. Cost $13.32 Unrealized —

DOW Dow Holdings Inc 0.0%

Value $50,206 Shares 1,835 Est. Cost $27.36 Unrealized —

SOLV Solventum Corp 0.0%

Value $15,430 Shares 200 Est. Cost $77.15 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
INFQ	Infleqtion Inc.	2,085,798	$27.78M	0.7%	$13.32	—	COM	45676K103
DOW	Dow Holdings Inc	1,835	$50,206	0.0%	$27.36	—	COM	260557103
SOLV	Solventum Corp	200	$15,430	0.0%	$77.15	—	COM	83444M101

Increased Positions (8)

GOOG Alphabet Inc 9.4%

Value $371M (+29.3%) Shares 1,049,574 (+5.0%) Est. Cost $122.29 Unrealized —

WAL Western Alliance Bancorp 6.9%

Value $274M (+25.5%) Shares 3,336,000 (+8.2%) Est. Cost $73.87 Unrealized —

MKL Markel 4.6%

Value $180M (+33.1%) Shares 92,105 (+30.4%) Est. Cost $1663.35 Unrealized —

MKTX Marketaxess Hldgs Inc 1.4%

Value $56.74M (+216.0%) Shares 500,000 (+359.4%) Est. Cost $126.41 Unrealized —

BRK/B Berkshire Hathaway Inc Del Cl B Frmly 4.5%

Value $177M (+17.2%) Shares 354,216 (+12.2%) Est. Cost $388.06 Unrealized —

JPM JPMorgan Chase & Co 4.1%

Value $162M (+17.2%) Shares 493,896 (+5.4%) Est. Cost $312.23 Unrealized —

BRK/A Berkshire Hathaway Inc Del Cl A Frmly 9.2%

Value $364M (+6.7%) Shares 486 (+2.3%) Est. Cost $663471.25 Unrealized —

ACN Accenture PLC Cl A 2.3%

Value $92.09M (-14.0%) Shares 740,000 (+37.0%) Est. Cost $221.03 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	Alphabet Inc	1,049,574 (+5.0%)	$371M (+29.3%)	9.4%	$122.29	—	Class C	02079K107
WAL	Western Alliance Bancorp	3,336,000 (+8.2%)	$274M (+25.5%)	6.9%	$73.87	—	COM	957638109
MKL	Markel	92,105 (+30.4%)	$180M (+33.1%)	4.6%	$1663.35	—	COM	570535104
MKTX	Marketaxess Hldgs Inc	500,000 (+359.4%)	$56.74M (+216.0%)	1.4%	$126.41	—	COM	57060D108
BRK/B	Berkshire Hathaway Inc Del Cl B Frmly	354,216 (+12.2%)	$177M (+17.2%)	4.5%	$388.06	—	CL B	084670702
JPM	JPMorgan Chase & Co	493,896 (+5.4%)	$162M (+17.2%)	4.1%	$312.23	—	COM	46625H100
BRK/A	Berkshire Hathaway Inc Del Cl A Frmly	486 (+2.3%)	$364M (+6.7%)	9.2%	$663471.25	—	CL A	084670108
ACN	Accenture PLC Cl A	740,000 (+37.0%)	$92.09M (-14.0%)	2.3%	$221.03	—	COM	G1151C101

Exited Positions (3)

DIS Disney Walt Co 0.0%

Value $1,831 Shares 19 Est. Cost $109.45 Unrealized —

TSLA Tesla Mortors Inc. 0.0%

Value $1,115 Shares 3 Est. Cost $425.98 Unrealized —

CRWV CoreWeave Inc. 0.0%

Value $232 Shares 3 Est. Cost $91.48 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
DIS	Disney Walt Co	19	$1,831	0.0%	$109.45	—	—	254687106
TSLA	Tesla Mortors Inc.	3	$1,115	0.0%	$425.98	—	—	88160R101
CRWV	CoreWeave Inc.	3	$232	0.0%	$91.48	—	—	21873S108

Decreased Positions (3)

STT State Street Corp 0.3%

Value $12.89M (-12.2%) Shares 76,000 (-34.5%) Est. Cost $130.26 Unrealized —

GOOGL Alphabet Inc 0.0%

Value $1.429M (+4.7%) Shares 4,000 (-15.8%) Est. Cost $323.29 Unrealized —

DD DuPont de Nemours Inc. 0.0%

Value $82,876 (-1.4%) Shares 611 (-66.7%) Est. Cost $46.11 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
STT	State Street Corp	76,000 (-34.5%)	$12.89M (-12.2%)	0.3%	$130.26	—	COM	857477103
GOOGL	Alphabet Inc	4,000 (-15.8%)	$1.429M (+4.7%)	0.0%	$323.29	—	Class A	02079K305
DD	DuPont de Nemours Inc.	611 (-66.7%)	$82,876 (-1.4%)	0.0%	$46.11	—	COM	26614N102

Unchanged Positions (71)

CRBG Corebridge Financial 4.2%

Value $166M Shares 5,800,000 Est. Cost $25.02 Unrealized —

AX AXOS Financial Inc 3.8%

Value $150M Shares 1,535,219 Est. Cost $43.17 Unrealized —

BABA Alibaba 1.5%

Value $58.31M Shares 607,561 Est. Cost $115.77 Unrealized —

FSBC Five Star Bancorp 1.9%

Value $73.59M Shares 1,511,500 Est. Cost $23.28 Unrealized —

GS Goldman Sachs Group Inc. 2.4%

Value $93.44M Shares 92,391 Est. Cost $932.60 Unrealized —

V Visa Inc 2.8%

Value $110M Shares 320,000 Est. Cost $206.52 Unrealized —

MTB M&T Bank 2.5%

Value $97.58M Shares 410,000 Est. Cost $138.41 Unrealized —

SFBS Servisfirst Bancshares Inc 2.0%

Value $78.98M Shares 910,376 Est. Cost $78.52 Unrealized —

FAF First American Financial Corp 2.6%

Value $103M Shares 1,500,000 Est. Cost $61.35 Unrealized —

PGR Progressive Corp 2.8%

Value $110M Shares 504,510 Est. Cost $206.69 Unrealized —

EQR Equity Residential 1.8%

Value $72.35M Shares 1,065,000 Est. Cost $55.15 Unrealized —

GPN Global Payments Inc. 2.7%

Value $108M Shares 1,485,000 Est. Cost $114.06 Unrealized —

ABCB Ameris Bancorp 1.4%

Value $56.12M Shares 621,800 Est. Cost $51.82 Unrealized —

CB Chubb Limited 4.3%

Value $169M Shares 494,556 Est. Cost $193.83 Unrealized —

CG Carlyle Group 1.2%

Value $47.63M Shares 1,131,000 Est. Cost $32.56 Unrealized —

TCBK TriCo Bancshares 1.4%

Value $56.38M Shares 1,046,900 Est. Cost $46.74 Unrealized —

USB US Bancorp Del Com New 1.1%

Value $43.2M Shares 715,210 Est. Cost $42.03 Unrealized —

OSBC Old Second Bancorp 1.1%

Value $41.98M Shares 1,800,000 Est. Cost $15.80 Unrealized —

CCNE CNB Financial Corp PA 0.8%

Value $32.02M Shares 950,000 Est. Cost $20.90 Unrealized —

META Meta Platforms 7.4%

Value $291M Shares 517,000 Est. Cost $175.36 Unrealized —

AMAT Applied Materials Inc. 0.1%

Value $4.79M Shares 6,626 Est. Cost $326.57 Unrealized —

AXP American Express Company 0.5%

Value $21.31M Shares 63,000 Est. Cost $356.17 Unrealized —

FBK FB Financial Corp 0.9%

Value $34.27M Shares 619,236 Est. Cost $50.36 Unrealized —

RJF Raymond James Financial Inc 1.0%

Value $41.05M Shares 270,000 Est. Cost $96.20 Unrealized —

MA Mastercard Inc 1.3%

Value $52.39M Shares 102,000 Est. Cost $360.82 Unrealized —

WFC Wells Fargo 0.7%

Value $27.93M Shares 337,969 Est. Cost $90.04 Unrealized —

TSBK Timberland Bancorp Inc 0.2%

Value $7.818M Shares 174,476 Est. Cost $23.23 Unrealized —

XOM Exxon Mobil Corp 0.1%

Value $3.304M Shares 24,166 Est. Cost $138.74 Unrealized —

ACGL Arch Capital Group LTD 1.6%

Value $63.09M Shares 650,000 Est. Cost $75.07 Unrealized —

MGM MGM Resorts International 0.0%

Value $1.504M Shares 31,458 Est. Cost $35.09 Unrealized —

LLY Eli Lily 0.0%

Value $764K Shares 637 Est. Cost $1047.09 Unrealized —

TRV The Travelers Companies Inc. 0.0%

Value $1.206M Shares 3,653 Est. Cost $288.51 Unrealized —

DE Deere & Company 0.0%

Value $1.232M Shares 1,943 Est. Cost $551.35 Unrealized —

KO The Coca Cola Company 0.1%

Value $2.032M Shares 25,000 Est. Cost $74.76 Unrealized —

JNJ Johnson & Johnson 0.1%

Value $3.175M Shares 12,500 Est. Cost $227.87 Unrealized —

IBM International Business Machines Co. 0.0%

Value $358K Shares 1,274 Est. Cost $283.93 Unrealized —

Q Qnity Electronics Inc. 0.0%

Value $150K Shares 917 Est. Cost $101.21 Unrealized —

CSCO Cisco 0.0%

Value $117K Shares 1,000 Est. Cost $77.91 Unrealized —

— General Electric Company 0.0%

Value $154K Shares 412 Est. Cost $283.77 Unrealized —

UNP Union Pacific Corp 0.0%

Value $326K Shares 1,200 Est. Cost $243.32 Unrealized —

MRK Merck & Co. Inc. 0.0%

Value $514K Shares 4,000 Est. Cost $114.28 Unrealized —

GEV GE Vernova Inc. 0.0%

Value $121K Shares 103 Est. Cost $736.93 Unrealized —

WRB WR Berkley Corp. 0.0%

Value $409K Shares 5,804 Est. Cost $69.44 Unrealized —

STTK Shattuck Labs Inc. 0.0%

Value $335K Shares 48,276 Est. Cost $4.15 Unrealized —

LIN Linde PLC 0.0%

Value $467K Shares 900 Est. Cost $460.00 Unrealized —

C Citigroup 0.0%

Value $101K Shares 720 Est. Cost $116.18 Unrealized —

PFE Pfizer Inc. 0.0%

Value $107K Shares 4,428 Est. Cost $26.18 Unrealized —

WMT Walmart Stores Inc. 0.0%

Value $170K Shares 1,500 Est. Cost $122.03 Unrealized —

AFL AFLAC Incorporated 0.0%

Value $235K Shares 2,000 Est. Cost $111.21 Unrealized —

MMM 3M Company 0.0%

Value $130K Shares 800 Est. Cost $163.96 Unrealized —

MCD McDonalds Corp. 0.0%

Value $54,062 Shares 200 Est. Cost $317.25 Unrealized —

— Verizon Communications 0.0%

Value $24,218 Shares 572 Est. Cost $50.20 Unrealized —

OGN Organon & Co. 0.0%

Value $5,416 Shares 400 Est. Cost $8.22 Unrealized —

MLM Martin Marietta Materials Inc. 0.0%

Value $115K Shares 200 Est. Cost $661.01 Unrealized —

CTVA Corteva Inc. 0.0%

Value $155K Shares 1,835 Est. Cost $72.77 Unrealized —

— Weyerhaeuser Co. 0.0%

Value $414K Shares 17,301 Est. Cost $24.03 Unrealized —

BMY Bristol Myers Squibb Company 0.0%

Value $26,505 Shares 460 Est. Cost $57.43 Unrealized —

VTRS Viatris Inc. 0.0%

Value $8,702 Shares 548 Est. Cost $14.08 Unrealized —

— NVIDIA 0.0%

Value $9,004 Shares 45 Est. Cost $174.40 Unrealized —

OXY Occidental Pete Corp. 0.0%

Value $3,254 Shares 67 Est. Cost $45.43 Unrealized —

GEHC GE Healthcare Technologies Inc. 0.0%

Value $8,769 Shares 137 Est. Cost $82.25 Unrealized —

PLTR Palantir Technologies Inc. 0.0%

Value $2,290 Shares 20 Est. Cost $154.17 Unrealized —

KD Kyndryl Holdings Inc. 0.0%

Value $2,873 Shares 254 Est. Cost $20.57 Unrealized —

CC The Chemours Co. 0.0%

Value $4,617 Shares 225 Est. Cost $16.62 Unrealized —

BLK BlackRock Inc. 0.1%

Value $2.019M Shares 2,100 Est. Cost $1097.38 Unrealized —

DUK Duke Energy Corp. 0.0%

Value $6,835 Shares 54 Est. Cost $120.88 Unrealized —

FOXA Fox Corp 0.0%

Value $991 Shares 19 Est. Cost $67.20 Unrealized —

VOD Vodafone Group PLC 0.0%

Value $621 Shares 47 Est. Cost $15.02 Unrealized —

AIG American International Group Inc. 0.0%

Value $3,503 Shares 47 Est. Cost $76.34 Unrealized —

UBER Uber Technologies Inc. 0.0%

Value $2,165 Shares 30 Est. Cost $78.72 Unrealized —

NWSA News Corporation 0.0%

Value $348 Shares 14 Est. Cost $25.15 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CRBG	Corebridge Financial	5,800,000	$166M	4.2%	$25.02	—	COM	21871X109
AX	AXOS Financial Inc	1,535,219	$150M	3.8%	$43.17	—	COM	05465C100
BABA	Alibaba	607,561	$58.31M	1.5%	$115.77	—	Sponsored ADS	01609W102
FSBC	Five Star Bancorp	1,511,500	$73.59M	1.9%	$23.28	—	COM	33830T103
GS	Goldman Sachs Group Inc.	92,391	$93.44M	2.4%	$932.60	—	COM	38141G104
V	Visa Inc	320,000	$110M	2.8%	$206.52	—	COM	92826C839
MTB	M&T Bank	410,000	$97.58M	2.5%	$138.41	—	COM	55261F104
SFBS	Servisfirst Bancshares Inc	910,376	$78.98M	2.0%	$78.52	—	COM	81768T108
FAF	First American Financial Corp	1,500,000	$103M	2.6%	$61.35	—	COM	31847R102
PGR	Progressive Corp	504,510	$110M	2.8%	$206.69	—	COM	743315103
EQR	Equity Residential	1,065,000	$72.35M	1.8%	$55.15	—	SH BEN INT	29476L107
GPN	Global Payments Inc.	1,485,000	$108M	2.7%	$114.06	—	COM	37940X102
ABCB	Ameris Bancorp	621,800	$56.12M	1.4%	$51.82	—	COM	03076K108
CB	Chubb Limited	494,556	$169M	4.3%	$193.83	—	COM	H1467J104
CG	Carlyle Group	1,131,000	$47.63M	1.2%	$32.56	—	COM	14316J108
TCBK	TriCo Bancshares	1,046,900	$56.38M	1.4%	$46.74	—	COM	896095106
USB	US Bancorp Del Com New	715,210	$43.2M	1.1%	$42.03	—	COM	902973304
OSBC	Old Second Bancorp	1,800,000	$41.98M	1.1%	$15.80	—	COM	680277100
CCNE	CNB Financial Corp PA	950,000	$32.02M	0.8%	$20.90	—	COM	126128107
META	Meta Platforms	517,000	$291M	7.4%	$175.36	—	Cl A	30303M102
AMAT	Applied Materials Inc.	6,626	$4.79M	0.1%	$326.57	—	COM	038222105
AXP	American Express Company	63,000	$21.31M	0.5%	$356.17	—	COM	025816109
FBK	FB Financial Corp	619,236	$34.27M	0.9%	$50.36	—	COM	30257X104
RJF	Raymond James Financial Inc	270,000	$41.05M	1.0%	$96.20	—	COM	754730109
MA	Mastercard Inc	102,000	$52.39M	1.3%	$360.82	—	COM	57636Q104
WFC	Wells Fargo	337,969	$27.93M	0.7%	$90.04	—	COM	949746101
TSBK	Timberland Bancorp Inc	174,476	$7.818M	0.2%	$23.23	—	COM	887098101
XOM	Exxon Mobil Corp	24,166	$3.304M	0.1%	$138.74	—	COM	30231G102
ACGL	Arch Capital Group LTD	650,000	$63.09M	1.6%	$75.07	—	COM	G0450A105
MGM	MGM Resorts International	31,458	$1.504M	0.0%	$35.09	—	COM	552953101
LLY	Eli Lily	637	$764K	0.0%	$1047.09	—	COM	532457108
TRV	The Travelers Companies Inc.	3,653	$1.206M	0.0%	$288.51	—	COM	89417E109
DE	Deere & Company	1,943	$1.232M	0.0%	$551.35	—	COM	244199105
KO	The Coca Cola Company	25,000	$2.032M	0.1%	$74.76	—	COM	191216100
JNJ	Johnson & Johnson	12,500	$3.175M	0.1%	$227.87	—	COM	478160104
IBM	International Business Machines Co.	1,274	$358K	0.0%	$283.93	—	COM	459200101
Q	Qnity Electronics Inc.	917	$150K	0.0%	$101.21	—	COM	74743L100
CSCO	Cisco	1,000	$117K	0.0%	$77.91	—	COM	17275R102
—	General Electric Company	412	$154K	0.0%	$283.77	—	COM	369604103
UNP	Union Pacific Corp	1,200	$326K	0.0%	$243.32	—	COM	907818108
MRK	Merck & Co. Inc.	4,000	$514K	0.0%	$114.28	—	COM	58933Y105
GEV	GE Vernova Inc.	103	$121K	0.0%	$736.93	—	COM	36828A101
WRB	WR Berkley Corp.	5,804	$409K	0.0%	$69.44	—	COM	084423102
STTK	Shattuck Labs Inc.	48,276	$335K	0.0%	$4.15	—	COM	82024L103
LIN	Linde PLC	900	$467K	0.0%	$460.00	—	COM	G54950103
C	Citigroup	720	$101K	0.0%	$116.18	—	COM	172967424
PFE	Pfizer Inc.	4,428	$107K	0.0%	$26.18	—	COM	717081103
WMT	Walmart Stores Inc.	1,500	$170K	0.0%	$122.03	—	COM	931142103
AFL	AFLAC Incorporated	2,000	$235K	0.0%	$111.21	—	COM	001055102
MMM	3M Company	800	$130K	0.0%	$163.96	—	COM	88579Y101
MCD	McDonalds Corp.	200	$54,062	0.0%	$317.25	—	COM	580135101
—	Verizon Communications	572	$24,218	0.0%	$50.20	—	COM	92343V954
OGN	Organon & Co.	400	$5,416	0.0%	$8.22	—	COM	68622V106
MLM	Martin Marietta Materials Inc.	200	$115K	0.0%	$661.01	—	COM	573284106
CTVA	Corteva Inc.	1,835	$155K	0.0%	$72.77	—	COM	22052L104
—	Weyerhaeuser Co.	17,301	$414K	0.0%	$24.03	—	COM	962166954
BMY	Bristol Myers Squibb Company	460	$26,505	0.0%	$57.43	—	COM	110122108
VTRS	Viatris Inc.	548	$8,702	0.0%	$14.08	—	COM	92556V106
—	NVIDIA	45	$9,004	0.0%	$174.40	—	COM	67066g104
OXY	Occidental Pete Corp.	67	$3,254	0.0%	$45.43	—	COM	674599105
GEHC	GE Healthcare Technologies Inc.	137	$8,769	0.0%	$82.25	—	COM	36266G107
PLTR	Palantir Technologies Inc.	20	$2,290	0.0%	$154.17	—	COM	69608A108
KD	Kyndryl Holdings Inc.	254	$2,873	0.0%	$20.57	—	COM	50155Q100
CC	The Chemours Co.	225	$4,617	0.0%	$16.62	—	COM	163851108
BLK	BlackRock Inc.	2,100	$2.019M	0.1%	$1097.38	—	COM	09290D101
DUK	Duke Energy Corp.	54	$6,835	0.0%	$120.88	—	COM	26441C204
FOXA	Fox Corp	19	$991	0.0%	$67.20	—	Cl A	35137L105
VOD	Vodafone Group PLC	47	$621	0.0%	$15.02	—	Sponsored ADR	92857W308
AIG	American International Group Inc.	47	$3,503	0.0%	$76.34	—	COM	026874784
UBER	Uber Technologies Inc.	30	$2,165	0.0%	$78.72	—	COM	90353T100
NWSA	News Corporation	14	$348	0.0%	$25.15	—	COM	65249B109