13F filing recap · Q3 2025

What did Davis Advisors buy in Q3 2025?

Reported stock-position changes between this filing and the previous one. US-listed stocks across every Davis account, including accounts that belong to no fund below.

Stock value

$19.15B

Positions

107

Estimated turnover

11.9%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

Quarter in review

Davis Advisors opened new positions in Pinterest, Chime Financial, and Synopsys, while exiting Apple, Coupang, and Exxon Mobil entirely. The firm trimmed Meta Platforms and added to Applied Materials and Tyson Foods. It also sharply increased its stake in Coterra Energy and substantially reduced holdings in Humana, Microsoft, and Oracle.

New positions

PINSPinterest, Inc.$253.89Mreported value+7.89M shares CHYMChime Financial, Inc.$48.39Mreported value+2.40M shares SNPSSynopsys Inc$4.27Mreported value+8.7K shares

Increased positions

AMATApplied Materials Inc /de$1.14Breported value+596.4K shares+12.0%USBUS Bancorp$939.13Mreported value+99.9K shares+0.5%MGMMgm Resorts International$830.23Mreported value+132.3K shares+0.6%MKLMarkel Group Inc.$713.95Mreported value+2.4K shares

Reduced positions

COFCapital One Financial Corp$1.78Breported value-575.6K shares-6.4%METAMeta Platforms, Inc.$1.26Breported value-392.3K shares-18.6%CVSCVS Health Corp$859.72Mreported value-183.1K shares-1.6%BRK.ABerkshire Hathaway Inc$752.69Mreported value-67 shares

Exited positions

CPNGCoupang, Inc.$172.42Mprior reported value-5.75M shares-100.0%AAPLApple Inc.$259.5Kprior reported value-1.3K shares-100.0%XOMExxon Mobil Corp.$222.7Kprior reported value-2.1K shares-100.0%