Q4 2025 · 13F-HR
Davis Asset Management, L.P.holdings as filed
Filed 2026-02-13 · accession 0001104659-26-014629
$2.79B
Reported value
30
Positions
2025-12-31
Period end
The Brief · Davis Asset Management, L.P. · Q4 2025
AI · grounded in 13F
Davis Asset Management, L.P. closed its position in State Str Corp STT, reducing its holdings by $139.21M. The fund added five new positions and increased its stake in Accenture PLC Cl A ACN by 40%. Other notable accumulations include First American Financial Corp FAF and M&T Bank MTB, which grew by 36.36% and 23.08% respectively.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 30303M102 | META | Meta Platforms | $330.0M | 11.8% | 500,000 | Common | SOLE |
| 02079K107 | GOOG | Alphabet Inc | $313.8M | 11.2% | 1,000,000 | Common | SOLE |
| 957638109 | WAL | Western Alliance Bancorp | $210.2M | 7.53% | 2,500,000 | Common | SOLE |
| H1467J104 | CB | Chubb Limited | $140.5M | 5.03% | 450,000 | Common | SOLE |
| 947890109 | WBS | Webster Financial Corp | $125.9M | 4.51% | 2,000,000 | Common | SOLE |
| 05465C100 | AX | AXOS Financial Inc | $125.6M | 4.50% | 1,457,219 | Common | SOLE |
| 37940X102 | GPN | Global Payments Inc. | $108.4M | 3.88% | 1,400,000 | Common | SOLE |
| 570535104 | MKL | Markel | $107.5M | 3.85% | 50,000 | Common | SOLE |
| 21871X109 | CRBG | Corebridge Financial | $105.6M | 3.78% | 3,500,000 | Common | SOLE |
| 92826C839 | V | Visa Inc Com | $105.2M | 3.77% | 300,000 | Common | SOLE |
| G1151C101 | ACN | Accenture PLC Cl A | $93.9M | 3.36% | 350,000 | Common | SOLE |
| 31847R102 | FAF | First American Financial Corp | $92.2M | 3.30% | 1,500,000 | Common | SOLE |
| 084670108 | BRK/A | Berkshire Hathaway Inc Del Cl A Frmly | $90.6M | 3.24% | 120 | Common | SOLE |
| 084670702 | BRK/B | Berkshire Hathaway Inc Del Cl B Frmly | $90.5M | 3.24% | 180,000 | Common | SOLE |
| 55261F104 | MTB | M&T Bank | $80.6M | 2.89% | 400,000 | Common | SOLE |
| 01609W102 | BABA | Alibaba | $73.3M | 2.62% | 500,000 | Common | SOLE |
| 81768T108 | SFBS | Servisfirst Bancshares Inc | $62.8M | 2.25% | 875,376 | Common | SOLE |
| 14316J108 | CG | Carlyle Group | $59.1M | 2.12% | 1,000,000 | Common | SOLE |
| 33830T103 | FSBC | Five Star Bancorp | $54.1M | 1.94% | 1,511,500 | Common | SOLE |
| G0450A105 | ACGL | Arch Capital Group LTD | $52.8M | 1.89% | 550,000 | Common | SOLE |
| 29476L107 | EQR | Equity Residential | $50.4M | 1.81% | 800,000 | Common | SOLE |
| 896095106 | TCBK | TriCo Bancshares | $49.6M | 1.78% | 1,046,900 | Common | SOLE |
| 57636Q104 | MA | Mastercard Inc | $48.5M | 1.74% | 85,000 | Common | SOLE |
| 03076K108 | ABCB | Ameris Bancorp | $46.2M | 1.65% | 621,800 | Common | SOLE |
| 754730109 | RJF | Raymond James Financial Inc | $43.4M | 1.55% | 270,000 | Common | SOLE |
| 30257X104 | FBK | FB Financial Corp | $34.6M | 1.24% | 619,236 | Common | SOLE |
| 680277100 | OSBC | Old Second Bancorp | $34.0M | 1.22% | 1,745,523 | Common | SOLE |
| 902973304 | USB | US Bancorp Del Com New | $32.0M | 1.15% | 600,000 | Common | SOLE |
| 126128107 | CCNE | CNB Financial Corp PA | $24.9M | 0.89% | 950,000 | Common | SOLE |
| 887098101 | TSBK | Timberland Bancorp Inc | $6.2M | 0.22% | 174,476 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.