DAVIS ASSET MANAGEMENT L P
Q3 2025 Form 13-F
SAUSALITO, CALIFORNIA
CIK 0001945894
· Institutional investment manager
$2.8B Reported Value Total
Reported value
$2.8B
Quarter over quarter
+7.2%
Holdings
31
Top-10 concentration
59.3%
Key People
Named on the latest Form 13-F filing — not necessarily an owner
Lansing A. Davis
Manager of the General Partner
Filing Navigation
13F Metrics
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Q3 2025 13F record
Q3 2025 13F filing summary
| Period of report | September 30, 2025 |
|---|---|
| Filed | November 14, 2025 |
| Form | 13F-HR |
| Reported value | $2.8B |
| Positions | 31 |
| Change in reported value | +9.4% |
| New positions | 2 |
| Exited positions | 2 |
| Position turnover | 12.1% |
| Top-10 concentration | 59.3% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 12, 2026
|
85 | $3.9B |
|
Q1 2026 13F
Filed May 15, 2026
|
85 | $3.5B |
|
Q4 2025 13F
Filed Feb 13, 2026
|
30 | $2.8B |
|
Q3 2025 13F
Filed Nov 14, 2025
|
31 | $2.8B |
|
Q2 2025 13F
Filed Aug 13, 2025
|
31 | $2.6B |
|
Q1 2025 13F
Filed May 12, 2025
|
31 | $2.4B |
|
Q4 2024 13F
Filed Feb 14, 2025
|
31 | $2.5B |
|
Q3 2024 13F
Filed Nov 12, 2024
|
33 | $2.5B |
|
Q2 2024 13F
Filed Aug 13, 2024
|
34 | $2.2B |
|
Q1 2024 13F
Filed May 13, 2024
|
33 | $2.3B |
|
Q4 2023 13F
Filed Feb 12, 2024
|
33 | $2.1B |
|
Q3 2023 13F
Filed Nov 13, 2023
|
32 | $1.7B |
|
Q2 2023 13F
Filed Aug 14, 2023
|
32 | $1.7B |
|
Q1 2023 13F
Filed May 11, 2023
|
32 | $1.6B |
|
Q4 2022 13F
Filed Feb 13, 2023
|
31 | $1.8B |
|
Q3 2022 13F
Filed Nov 14, 2022
|
31 | $1.7B |
Top 20 holdings · Q3 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | META Meta Platforms Inc | $367.2M | 13.07% |
| 2 | GOOG Alphabet Inc | $243.6M | 8.67% |
| 3 | WAL Western Alliance Bancorp | $216.8M | 7.72% |
| 4 | STT State Str Corp | $139.2M | 4.96% |
| 5 | CB Chubb Limited | $127.0M | 4.52% |
| 6 | AX AXOS Financial Inc | $123.4M | 4.39% |
| 7 | WBS Webster Finl Corp | $118.9M | 4.23% |
| 8 | GPN Global Pmts Inc. | $116.3M | 4.14% |
| 9 | CRBG Corebridge Finl Inc | $112.2M | 3.99% |
| 10 | V Visa Inc | $102.4M | 3.65% |
| 11 | MKL Markel Group Inc | $95.6M | 3.4% |
| 12 | BRK-A Berkshire Hathaway Inc Del | $90.5M | 3.22% |
| 13 | BRK-B Berkshire Hathaway Inc Del | $90.5M | 3.22% |
| 14 | BABA Alibaba Group Hdlg Ltd | $89.4M | 3.18% |
| 15 | FAF First Amern Finl Corp | $70.7M | 2.52% |
| 16 | MTB M & T Bk Corp | $64.2M | 2.29% |
| 17 | CG Carlyle Group Inc. | $62.7M | 2.23% |
| 18 | ACN Accenture PLC Ireland | $61.7M | 2.19% |
| 19 | SFBS Servisfirst Bancshares Inc | $61.5M | 2.19% |
| 20 | EQR Equity Residential | $51.8M | 1.84% |
Values as reported on the Q3 2025 Form 13F. Every position is in the holdings table below.