{
 "manager": "Davis Selected Advisers",
 "page": "https://www.moatshark.com/m/davis-selected-advisers",
 "form": "13F-HR",
 "period": "2026-06-30",
 "filed": "2026-08-11",
 "previous_period": "2026-03-31",
 "filing_url": "https://www.sec.gov/Archives/edgar/data/1036325/000103632526000020/0001036325-26-000020-index.htm",
 "total_value_usd": 23289545492,
 "note": "Source: SEC filings via moatshark. Values and changes are estimates; not investment advice.",
 "holdings": [
  {
   "company": "Capital One Financial",
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   "shares": 8270946,
   "portfolio_pct": 7.13,
   "previous_pct": 7.15,
   "change": "REDUCE",
   "share_change_pct": -3.1,
   "quarters_held": 48
  },
  {
   "company": "US Bancorp",
   "ticker": "USB",
   "moatshark_slug": "usb",
   "sector": "Financials",
   "value_usd": 1295909823,
   "shares": 21453510,
   "portfolio_pct": 5.56,
   "previous_pct": 5.31,
   "change": "REDUCE",
   "share_change_pct": -3.5,
   "quarters_held": 53
  },
  {
   "company": "Alphabet",
   "ticker": "GOOG",
   "moatshark_slug": "goog",
   "sector": "Communication and media",
   "value_usd": 1249085099,
   "shares": 3501434,
   "portfolio_pct": 5.36,
   "previous_pct": 4.98,
   "change": "REDUCE",
   "share_change_pct": -7.2,
   "quarters_held": 43
  },
  {
   "company": "CVS Health",
   "ticker": "CVS",
   "moatshark_slug": "cvs",
   "sector": "Consumer staples",
   "value_usd": 1227594458,
   "shares": 11865916,
   "portfolio_pct": 5.27,
   "previous_pct": 4.04,
   "change": "REDUCE",
   "share_change_pct": -3.1,
   "quarters_held": 31
  },
  {
   "company": "Viatris",
   "ticker": "VTRS",
   "moatshark_slug": "vtrs",
   "sector": "Health care",
   "value_usd": 1194789797,
   "shares": 75232254,
   "portfolio_pct": 5.13,
   "previous_pct": 4.85,
   "change": "REDUCE",
   "share_change_pct": -3.8,
   "quarters_held": 23
  },
  {
   "company": "MGM Resorts International",
   "ticker": "MGM",
   "moatshark_slug": "mgm",
   "sector": "Consumer discretionary",
   "value_usd": 1142790561,
   "shares": 23903317,
   "portfolio_pct": 4.91,
   "previous_pct": 4.13,
   "change": "REDUCE",
   "share_change_pct": -1.6,
   "quarters_held": 12
  },
  {
   "company": "Devon Energy",
   "ticker": "DVN",
   "moatshark_slug": "dvn",
   "sector": "Energy",
   "value_usd": 1045194009,
   "shares": 25297991,
   "portfolio_pct": 4.49,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "Berkshire Hathaway",
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   "moatshark_slug": "brk-b",
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   "previous_pct": 4.69,
   "change": "REDUCE",
   "share_change_pct": -1.5,
   "quarters_held": 53
  },
  {
   "company": "Amazon.com",
   "ticker": "AMZN",
   "moatshark_slug": "amzn",
   "sector": "Consumer discretionary",
   "value_usd": 1019230487,
   "shares": 4276176,
   "portfolio_pct": 4.38,
   "previous_pct": 3.28,
   "change": "ADD",
   "share_change_pct": 24.8,
   "quarters_held": 53
  },
  {
   "company": "Meta Platforms",
   "ticker": "META",
   "moatshark_slug": "meta",
   "sector": "Communication and media",
   "value_usd": 928729727,
   "shares": 1648172,
   "portfolio_pct": 3.99,
   "previous_pct": 4.52,
   "change": "REDUCE",
   "share_change_pct": -4.1,
   "quarters_held": 43
  },
  {
   "company": "Markel Group",
   "ticker": "MKL",
   "moatshark_slug": "mkl",
   "sector": "Insurance",
   "value_usd": 794400127,
   "shares": 406759,
   "portfolio_pct": 3.41,
   "previous_pct": 3.37,
   "change": "ADD",
   "share_change_pct": 6.1,
   "quarters_held": 53
  },
  {
   "company": "Texas Instruments",
   "ticker": "TXN",
   "moatshark_slug": "txn",
   "sector": "Technology",
   "value_usd": 726548835,
   "shares": 2437486,
   "portfolio_pct": 3.12,
   "previous_pct": 2.54,
   "change": "REDUCE",
   "share_change_pct": -14.5,
   "quarters_held": 53
  },
  {
   "company": "Tyson Foods",
   "ticker": "TSN",
   "moatshark_slug": "tsn",
   "sector": "Consumer staples",
   "value_usd": 724483355,
   "shares": 12653717,
   "portfolio_pct": 3.11,
   "previous_pct": 3.85,
   "change": "REDUCE",
   "share_change_pct": -3.3,
   "quarters_held": 9
  },
  {
   "company": "Wells Fargo & Company",
   "ticker": "WFC",
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   "sector": "Financials",
   "value_usd": 661900943,
   "shares": 8008728,
   "portfolio_pct": 2.84,
   "previous_pct": 2.99,
   "change": "REDUCE",
   "share_change_pct": -2.2,
   "quarters_held": 53
  },
  {
   "company": "Cigna Group",
   "ticker": "CI",
   "moatshark_slug": "ci",
   "sector": "Health care",
   "value_usd": 621243564,
   "shares": 2253424,
   "portfolio_pct": 2.67,
   "previous_pct": 2.74,
   "change": "ADD",
   "share_change_pct": 0.9,
   "quarters_held": 31
  },
  {
   "company": "JBS N.V.",
   "ticker": "JBS",
   "moatshark_slug": "jbs",
   "sector": "Consumer staples",
   "value_usd": 592692397,
   "shares": 50016236,
   "portfolio_pct": 2.54,
   "previous_pct": 2.16,
   "change": "ADD",
   "share_change_pct": 90.6,
   "quarters_held": 3
  },
  {
   "company": "UnitedHealth Group",
   "ticker": "UNH",
   "moatshark_slug": "unh",
   "sector": "Health care",
   "value_usd": 529839298,
   "shares": 1274650,
   "portfolio_pct": 2.28,
   "previous_pct": 1.55,
   "change": "ADD",
   "share_change_pct": 2.2,
   "quarters_held": 53
  },
  {
   "company": "Davis Select Financial ETF",
   "ticker": "DFNL",
   "moatshark_slug": "dfnl",
   "sector": null,
   "value_usd": 497334451,
   "shares": 11382744,
   "portfolio_pct": 2.14,
   "previous_pct": 2.1,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 38
  },
  {
   "company": "Teck Resources",
   "ticker": "TECK",
   "moatshark_slug": "teck",
   "sector": "Materials",
   "value_usd": 497288923,
   "shares": 8363497,
   "portfolio_pct": 2.14,
   "previous_pct": 2.51,
   "change": "REDUCE",
   "share_change_pct": -21,
   "quarters_held": 20
  },
  {
   "company": "Solventum",
   "ticker": "SOLV",
   "moatshark_slug": "solv",
   "sector": "Health care",
   "value_usd": 486686122,
   "shares": 6307729,
   "portfolio_pct": 2.09,
   "previous_pct": 1.9,
   "change": "REDUCE",
   "share_change_pct": -0.4,
   "quarters_held": 9
  },
  {
   "company": "LyondellBasell Industries",
   "ticker": "LYB",
   "moatshark_slug": "lyb",
   "sector": "Materials",
   "value_usd": 457993661,
   "shares": 8698852,
   "portfolio_pct": 1.97,
   "previous_pct": 2.07,
   "change": "ADD",
   "share_change_pct": 55.4,
   "quarters_held": 2
  },
  {
   "company": "Chubb",
   "ticker": "CB",
   "moatshark_slug": "cb",
   "sector": "Insurance",
   "value_usd": 391231100,
   "shares": 1148090,
   "portfolio_pct": 1.68,
   "previous_pct": 1.79,
   "change": "REDUCE",
   "share_change_pct": -4,
   "quarters_held": 42
  },
  {
   "company": "Trip Com Group",
   "ticker": "TCOM",
   "moatshark_slug": "tcom",
   "sector": "Consumer discretionary",
   "value_usd": 349053040,
   "shares": 8761371,
   "portfolio_pct": 1.5,
   "previous_pct": 1.5,
   "change": "ADD",
   "share_change_pct": 33.7,
   "quarters_held": 8
  },
  {
   "company": "Owens Corning",
   "ticker": "OC",
   "moatshark_slug": "oc",
   "sector": "Other",
   "value_usd": 330714230,
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   "portfolio_pct": 1.42,
   "previous_pct": 1.04,
   "change": "REDUCE",
   "share_change_pct": -0.9,
   "quarters_held": 31
  },
  {
   "company": "Quest Diagnostics",
   "ticker": "DGX",
   "moatshark_slug": "dgx",
   "sector": "Health care",
   "value_usd": 329781509,
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   "portfolio_pct": 1.42,
   "previous_pct": 1.46,
   "change": "REDUCE",
   "share_change_pct": -3.8,
   "quarters_held": 50
  },
  {
   "company": "Pinterest",
   "ticker": "PINS",
   "moatshark_slug": "pins",
   "sector": "Communication and media",
   "value_usd": 264483320,
   "shares": 12574721,
   "portfolio_pct": 1.14,
   "previous_pct": 1.04,
   "change": "ADD",
   "share_change_pct": 1.4,
   "quarters_held": 4
  },
  {
   "company": "AGCO",
   "ticker": "AGCO",
   "moatshark_slug": "agco",
   "sector": "Industrials",
   "value_usd": 246362363,
   "shares": 2058488,
   "portfolio_pct": 1.06,
   "previous_pct": 1.11,
   "change": "REDUCE",
   "share_change_pct": -1.3,
   "quarters_held": 11
  },
  {
   "company": "Full Truck Alliance",
   "ticker": "YMM",
   "moatshark_slug": "ymm",
   "sector": "Technology",
   "value_usd": 224429344,
   "shares": 27639082,
   "portfolio_pct": 0.96,
   "previous_pct": 1.1,
   "change": "REDUCE",
   "share_change_pct": -3.9,
   "quarters_held": 7
  },
  {
   "company": "Restaurant Brands International",
   "ticker": "QSR",
   "moatshark_slug": "qsr",
   "sector": "Consumer discretionary",
   "value_usd": 203046140,
   "shares": 2800345,
   "portfolio_pct": 0.87,
   "previous_pct": 1.22,
   "change": "REDUCE",
   "share_change_pct": -22.2,
   "quarters_held": 6
  },
  {
   "company": "ConocoPhillips",
   "ticker": "COP",
   "moatshark_slug": "cop",
   "sector": "Energy",
   "value_usd": 195190301,
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   "portfolio_pct": 0.84,
   "previous_pct": 1.14,
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   "share_change_pct": 0.1,
   "quarters_held": 9
  },
  {
   "company": "Sea",
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   "value_usd": 192792171,
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   "share_change_pct": 8.8,
   "quarters_held": 9
  },
  {
   "company": "Applovin",
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   "moatshark_slug": "app",
   "sector": "Technology",
   "value_usd": 162719473,
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   "previous_pct": 0.61,
   "change": "REDUCE",
   "share_change_pct": -6,
   "quarters_held": 6
  },
  {
   "company": "JPMorgan Chase",
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   "value_usd": 155936320,
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   "previous_pct": 0.75,
   "change": "REDUCE",
   "share_change_pct": -14.4,
   "quarters_held": 53
  },
  {
   "company": "Fifth Third Bancorp",
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   "value_usd": 151307396,
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   "portfolio_pct": 0.65,
   "previous_pct": 0.6,
   "change": "REDUCE",
   "share_change_pct": -4.6,
   "quarters_held": 17
  },
  {
   "company": "WESCO International",
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   "sector": "Industrials",
   "value_usd": 125503133,
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   "portfolio_pct": 0.54,
   "previous_pct": 0.48,
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   "share_change_pct": -4.5,
   "quarters_held": 16
  },
  {
   "company": "PNC Financial Services Group",
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   "moatshark_slug": "pnc",
   "sector": "Financials",
   "value_usd": 122141371,
   "shares": 496066,
   "portfolio_pct": 0.52,
   "previous_pct": 0.52,
   "change": "REDUCE",
   "share_change_pct": -8.5,
   "quarters_held": 42
  },
  {
   "company": "IAC",
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   "sector": "Technology",
   "value_usd": 110507409,
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   "portfolio_pct": 0.47,
   "previous_pct": 0.44,
   "change": "REDUCE",
   "share_change_pct": -0.8,
   "quarters_held": 21
  },
  {
   "company": "NetEase",
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   "sector": "Communication and media",
   "value_usd": 78544448,
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   "portfolio_pct": 0.34,
   "previous_pct": 0.22,
   "change": "ADD",
   "share_change_pct": 45,
   "quarters_held": 7
  },
  {
   "company": "Renaissancere Holdings",
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   "value_usd": 74321923,
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   "portfolio_pct": 0.32,
   "previous_pct": 0.35,
   "change": "REDUCE",
   "share_change_pct": -8.8,
   "quarters_held": 8
  },
  {
   "company": "Applied Materials",
   "ticker": "AMAT",
   "moatshark_slug": "amat",
   "sector": "Technology",
   "value_usd": 74073702,
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   "portfolio_pct": 0.32,
   "previous_pct": 1.88,
   "change": "REDUCE",
   "share_change_pct": -91.4,
   "quarters_held": 53
  },
  {
   "company": "American Express",
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   "moatshark_slug": "axp",
   "sector": "Financials",
   "value_usd": 70971938,
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   "previous_pct": 0.32,
   "change": "REDUCE",
   "share_change_pct": -10,
   "quarters_held": 53
  },
  {
   "company": "Rocket Companies",
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   "sector": "Financials",
   "value_usd": 70294581,
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   "portfolio_pct": 0.3,
   "previous_pct": 0.32,
   "change": "REDUCE",
   "share_change_pct": -7.5,
   "quarters_held": 21
  },
  {
   "company": "Loews",
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   "moatshark_slug": "l",
   "sector": "Insurance",
   "value_usd": 61723337,
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   "previous_pct": 0.3,
   "change": "REDUCE",
   "share_change_pct": -11.2,
   "quarters_held": 53
  },
  {
   "company": "Bank of N.T. Butterfield & Son",
   "ticker": "NTB",
   "moatshark_slug": "ntb",
   "sector": "Financials",
   "value_usd": 60222331,
   "shares": 1012140,
   "portfolio_pct": 0.26,
   "previous_pct": 0.26,
   "change": "REDUCE",
   "share_change_pct": -5.7,
   "quarters_held": 34
  },
  {
   "company": "Bank of America",
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   "moatshark_slug": "bac",
   "sector": "Financials",
   "value_usd": 56568376,
   "shares": 992776,
   "portfolio_pct": 0.24,
   "previous_pct": 0.26,
   "change": "REDUCE",
   "share_change_pct": -14.4,
   "quarters_held": 30
  },
  {
   "company": "BNY",
   "ticker": "BK",
   "moatshark_slug": "bk",
   "sector": "Financials",
   "value_usd": 52992003,
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   "previous_pct": 0.29,
   "change": "REDUCE",
   "share_change_pct": -30.2,
   "quarters_held": 53
  },
  {
   "company": "Chime Financial",
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   "moatshark_slug": "chym",
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   "value_usd": 47754772,
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   "portfolio_pct": 0.21,
   "previous_pct": 0.22,
   "change": "REDUCE",
   "share_change_pct": -8.2,
   "quarters_held": 4
  },
  {
   "company": "Everest Group",
   "ticker": "EG",
   "moatshark_slug": "eg",
   "sector": "Insurance",
   "value_usd": 45162088,
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   "previous_pct": 0.21,
   "change": "REDUCE",
   "share_change_pct": -10.3,
   "quarters_held": 53
  },
  {
   "company": "Vale SA",
   "ticker": "VALE",
   "moatshark_slug": "vale",
   "sector": "Materials",
   "value_usd": 44064944,
   "shares": 2929850,
   "portfolio_pct": 0.19,
   "previous_pct": 0.21,
   "change": "REDUCE",
   "share_change_pct": 0,
   "quarters_held": 6
  },
  {
   "company": "Microsoft",
   "ticker": "MSFT",
   "moatshark_slug": "msft",
   "sector": "Technology",
   "value_usd": 34704890,
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   "portfolio_pct": 0.15,
   "previous_pct": 0.13,
   "change": "ADD",
   "share_change_pct": 18.5,
   "quarters_held": 53
  },
  {
   "company": "NVIDIA",
   "ticker": "NVDA",
   "moatshark_slug": "nvda",
   "sector": "Technology",
   "value_usd": 30950161,
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   "portfolio_pct": 0.13,
   "previous_pct": 0.09,
   "change": "ADD",
   "share_change_pct": 36.3,
   "quarters_held": 5
  },
  {
   "company": "KE Holdings",
   "ticker": "BEKE",
   "moatshark_slug": "beke",
   "sector": "Real estate",
   "value_usd": 26891862,
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   "portfolio_pct": 0.12,
   "previous_pct": 0.13,
   "change": "REDUCE",
   "share_change_pct": -0.1,
   "quarters_held": 12
  },
  {
   "company": "Charles Schwab",
   "ticker": "SCHW",
   "moatshark_slug": "schw",
   "sector": "Financials",
   "value_usd": 26746397,
   "shares": 289871,
   "portfolio_pct": 0.11,
   "previous_pct": 0.13,
   "change": "REDUCE",
   "share_change_pct": -6.8,
   "quarters_held": 53
  },
  {
   "company": "Fiserv",
   "ticker": "FISV",
   "moatshark_slug": "fisv",
   "sector": "Financials",
   "value_usd": 26479103,
   "shares": 539839,
   "portfolio_pct": 0.11,
   "previous_pct": 0.15,
   "change": "REDUCE",
   "share_change_pct": -8.3,
   "quarters_held": 3
  },
  {
   "company": "State Street",
   "ticker": "STT",
   "moatshark_slug": "stt",
   "sector": "Financials",
   "value_usd": 25095034,
   "shares": 147966,
   "portfolio_pct": 0.11,
   "previous_pct": 0.09,
   "change": "REDUCE",
   "share_change_pct": -2.8,
   "quarters_held": 42
  },
  {
   "company": "Prologis",
   "ticker": "PLD",
   "moatshark_slug": "pld",
   "sector": "Financials",
   "value_usd": 24188981,
   "shares": 178556,
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}