2026 Q1 Portfolio Activity
In 2026 Q1, Davis Asset Management, L.P. maintained a portfolio of 86 distinct positions. The most significant new addition was JPMorgan Chase & Co, now representing 3.99% of the total fund value. They heavily accumulated shares in Berkshire Hathaway Inc Del Cl , increasing the position by 295.8%. Conversely, Davis Asset Management, L.P. completely exited their position in Webster Financial Corp.
Position History
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Total Positions
86
Quarter
2026 Q1
Top Holding
BRK/A (9.9%)
Top 10 Concentration
57.6%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 86
Davis Asset Management, L.P. Full Holdings List — 2026 Q1
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
BRK/A
Berkshire Hatha...
|
Financial Services | 9.87% | 3.24% |
#1
12
Prev: #13
|
8.9 |
—
|
355 | 295.8% |
P
S
|
475 | $341,116,500 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
META
Meta Platforms
|
Communication Services | 8.53% | 11.82% |
#2
1
Prev: #1
|
5.4 |
—
|
15,000 | 3.0% |
P
S
|
515,000 | $294,646,950 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
GOOG
Alphabet Inc
|
Communication Services | 8.30% | 11.24% |
#3
1
Prev: #2
|
5.3 |
—
|
no change | no change |
P
S
|
1,000,000 | $286,860,000 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
WAL
Western Allianc...
|
Financial Services | 6.32% | 7.53% |
#4
1
Prev: #3
|
5.5 |
—
|
583,000 | 23.3% |
P
S
|
3,083,000 | $218,430,550 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CB
Chubb Limited
|
Financial Services | 4.66% | 5.03% |
#5
1
Prev: #4
|
4.4 |
—
|
44,556 | 9.9% |
P
S
|
494,556 | $161,190,637 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BRK/B
Berkshire Hatha...
|
Financial Services | 4.38% | 3.24% |
#6
8
Prev: #14
|
4.8 |
—
|
135,643 | 75.4% |
P
S
|
315,643 | $151,256,126 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CRBG
Corebridge Fina...
|
Financial Services | 4.01% | 3.78% |
#7
2
Prev: #9
|
4.6 |
—
|
2,304,000 | 65.8% |
P
S
|
5,804,000 | $138,483,440 | 2023 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
JPM
JPMorgan Chase ...
|
Financial Services | 3.99% | — |
#8
Prev: #—
|
5.1 |
—
|
468,786 | — |
NEW
|
468,786 | $137,898,090 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MKL
Markel
|
Financial Services | 3.91% | 3.85% |
#9
1
Prev: #8
|
4.1 |
—
|
20,631 | 41.3% |
P
S
|
70,631 | $135,192,678 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
AX
AXOS Financial ...
|
Financial Services | 3.59% | 4.50% |
#10
4
Prev: #6
|
3.4 |
—
|
78,000 | 5.4% |
P
S
|
1,535,219 | $123,994,765 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ACN
Accenture PLC C...
|
Technology | 3.10% | 3.36% |
#11
Prev: #11
|
4.2 |
—
|
190,000 | 54.3% |
P
S
|
540,000 | $107,076,600 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
PGR
Progressive Cor...
|
Financial Services | 2.89% | — |
#12
Prev: #—
|
4.7 |
—
|
504,510 | — |
NEW
|
504,510 | $100,014,062 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
GPN
Global Payments...
|
Industrials | 2.89% | 3.88% |
#13
6
Prev: #7
|
3.2 |
—
|
85,000 | 6.1% |
P
S
|
1,485,000 | $99,940,500 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
V
Visa Inc
|
Financial Services | 2.80% | 3.77% |
#14
4
Prev: #10
|
3.1 |
—
|
20,000 | 6.7% |
P
S
|
320,000 | $96,716,800 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
FAF
First American ...
|
Financial Services | 2.62% | 3.30% |
#15
3
Prev: #12
|
2.0 |
—
|
no change | no change |
P
S
|
1,500,000 | $90,435,000 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MTB
M&T Bank
|
Financial Services | 2.45% | 2.89% |
#16
1
Prev: #15
|
1.5 |
—
|
10,000 | 2.5% |
P
S
|
410,000 | $84,755,200 | 2023 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
GS
Goldman Sachs G...
|
Financial Services | 2.26% | — |
#17
Prev: #—
|
4.4 |
—
|
92,391 | — |
NEW
|
92,391 | $78,161,862 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BABA
Alibaba
|
Consumer Cyclical | 2.21% | 2.62% |
#18
2
Prev: #16
|
3.4 |
—
|
107,561 | 21.5% |
P
S
|
607,561 | $76,224,603 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SFBS
Servisfirst Ban...
|
Financial Services | 1.92% | 2.25% |
#19
2
Prev: #17
|
1.3 |
—
|
35,000 | 4.0% |
P
S
|
910,376 | $66,302,684 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
EQR
Equity Resident...
|
Bond/Debt | 1.83% | 1.81% |
#20
1
Prev: #21
|
3.2 |
—
|
268,000 | 33.5% |
P
S
|
1,068,000 | $63,172,200 | 2023 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ACGL
Arch Capital Gr...
|
Financial Services | 1.81% | 1.89% |
#21
1
Prev: #20
|
2.7 |
—
|
100,000 | 18.2% |
P
S
|
650,000 | $62,393,500 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
FSBC
Five Star Banco...
|
Financial Services | 1.65% | 1.94% |
#22
3
Prev: #19
|
1.7 |
—
|
no change | no change |
P
S
|
1,511,500 | $57,013,780 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CG
Carlyle Group
|
Financial Services | 1.58% | 2.12% |
#23
5
Prev: #18
|
2.6 |
—
|
131,000 | 13.1% |
P
S
|
1,131,000 | $54,729,090 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MA
Mastercard Inc
|
Financial Services | 1.47% | 1.74% |
#24
1
Prev: #23
|
3.1 |
—
|
17,000 | 20.0% |
P
S
|
102,000 | $50,965,320 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
TCBK
TriCo Bancshare...
|
Financial Services | 1.44% | 1.78% |
#25
3
Prev: #22
|
1.6 |
—
|
no change | no change |
P
S
|
1,046,900 | $49,769,626 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ABCB
Ameris Bancorp
|
Financial Services | 1.40% | 1.65% |
#26
2
Prev: #24
|
1.6 |
—
|
no change | no change |
P
S
|
621,800 | $48,494,182 | 2022 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
RJF
Raymond James F...
|
Financial Services | 1.13% | 1.55% |
#27
2
Prev: #25
|
1.5 |
—
|
no change | no change |
P
S
|
270,000 | $39,093,300 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
USB
US Bancorp Del ...
|
Financial Services | 1.08% | 1.15% |
#28
Prev: #28
|
2.4 |
—
|
115,210 | 19.2% |
P
S
|
715,210 | $37,198,072 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
OSBC
Old Second Banc...
|
Financial Services | 1.05% | 1.22% |
#29
2
Prev: #27
|
0.9 |
—
|
54,477 | 3.1% |
P
S
|
1,800,000 | $36,288,000 | 2024 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
FBK
FB Financial Co...
|
Financial Services | 0.93% | 1.24% |
#30
4
Prev: #26
|
1.4 |
—
|
no change | no change |
P
S
|
619,236 | $32,163,118 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CCNE
CNB Financial C...
|
Financial Services | 0.80% | 0.89% |
#31
2
Prev: #29
|
1.3 |
—
|
no change | no change |
P
S
|
950,000 | $27,512,000 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
WFC
Wells Fargo
|
Financial Services | 0.78% | — |
#32
Prev: #—
|
3.8 |
—
|
337,969 | — |
NEW
|
337,969 | $26,905,712 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
AXP
American Expres...
|
Financial Services | 0.55% | — |
#33
Prev: #—
|
3.7 |
—
|
63,000 | — |
NEW
|
63,000 | $19,056,240 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MKTX
Marketaxess Hld...
|
Financial Services | 0.52% | — |
#34
Prev: #—
|
3.7 |
—
|
108,846 | — |
NEW
|
108,846 | $17,957,413 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
STT
State Street Co...
|
Financial Services | 0.42% | — |
#35
Prev: #—
|
3.7 |
—
|
116,000 | — |
NEW
|
116,000 | $14,680,960 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
TSBK
Timberland Banc...
|
Financial Services | 0.20% | 0.22% |
#36
6
Prev: #30
|
1.1 |
—
|
no change | no change |
P
S
|
174,476 | $6,879,589 | 2022 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
XOM
Exxon Mobil Cor...
|
Energy | 0.12% | — |
#37
Prev: #—
|
3.5 |
—
|
24,166 | — |
NEW
|
24,166 | $4,100,004 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
JNJ
Johnson & Johns...
|
Healthcare | 0.09% | — |
#38
Prev: #—
|
3.5 |
—
|
12,500 | — |
NEW
|
12,500 | $3,055,500 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
AMAT
Applied Materia...
|
Technology | 0.07% | — |
#39
Prev: #—
|
3.5 |
—
|
6,626 | — |
NEW
|
6,626 | $2,264,540 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BLK
BlackRock Inc.
|
Financial Services | 0.06% | — |
#40
Prev: #—
|
3.5 |
—
|
2,100 | — |
NEW
|
2,100 | $2,019,591 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
KO
The Coca Cola C...
|
Consumer Defensive | 0.06% | — |
#41
Prev: #—
|
3.5 |
—
|
25,000 | — |
NEW
|
25,000 | $1,901,250 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
GOOGL
Alphabet Inc
|
Communication Services | 0.04% | — |
#42
Prev: #—
|
3.5 |
—
|
4,750 | — |
NEW
|
4,750 | $1,365,910 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MGM
MGM Resorts Int...
|
Consumer Cyclical | 0.03% | — |
#43
Prev: #—
|
3.5 |
—
|
31,458 | — |
NEW
|
31,458 | $1,164,271 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
DE
Deere & Company
|
Industrials | 0.03% | — |
#44
Prev: #—
|
3.5 |
—
|
1,943 | — |
NEW
|
1,943 | $1,094,267 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
TRV
The Travelers C...
|
Financial Services | 0.03% | — |
#45
Prev: #—
|
3.5 |
—
|
3,653 | — |
NEW
|
3,653 | $1,065,507 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
LLY
Eli Lily
|
Healthcare | 0.02% | — |
#46
Prev: #—
|
3.5 |
—
|
637 | — |
NEW
|
637 | $585,893 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MRK
Merck & Co. Inc...
|
Healthcare | 0.01% | — |
#47
Prev: #—
|
3.5 |
—
|
4,000 | — |
NEW
|
4,000 | $481,160 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
LIN
Linde PLC
|
Basic Materials | 0.01% | — |
#48
Prev: #—
|
3.5 |
—
|
900 | — |
NEW
|
900 | $446,175 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
N/A
Weyerhaeuser Co...
|
|
Unknown | 0.01% | — |
#49
Prev: #—
|
3.5 |
—
|
17,301 | — |
NEW
|
17,301 | $415,743 | — | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
WRB
WR Berkley Corp...
|
Financial Services | 0.01% | — |
#50
Prev: #—
|
3.5 |
—
|
5,804 | — |
NEW
|
5,804 | $384,689 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 |
Showing 1-50 of 86 holdings