Davis Capital Management's Q3 2025 13F: 315 new positions, 16 exits
Form 13F-HR for the quarter ended Sep 30, 2025 · filed Oct 21, 2025 · 615 reported positions · accession 0001811806-25-000007
Compared with the fund's previous filing on record, for the quarter ended Mar 31, 2025.
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | SCHWAB U.S. BROAD MARKET ETF (SCHB) | 12.5% | 14.0% | +1.6 pts | +61,114 sh | +8% |
| Exited | CENTENE CORP DEL COM (CNC) | 0.9% | — | −0.9 pts | −18,448 sh | −100% |
| Reduced | NEXSTAR MEDIA GROUP INC COMMON STOCK (NXST) | 1.0% | 0.2% | −0.7 pts | −5,038 sh | −75% |
| Increased | QUALCOMM INC COM (QCOM) | 0.1% | 0.6% | +0.6 pts | +4,811 sh | +835% |
| Increased | SCHWAB U.S. LARGE-CAP GROWTH ETF (SCHG) | 0.4% | 1.0% | +0.6 pts | +24,093 sh | +109% |
| Increased | SCHWAB INTERNATIONAL EQUITY ETF (SCHF) | 4.5% | 5.0% | +0.5 pts | +25,069 sh | +9% |
| Increased | MEDTRONIC PLC SHS (MDT) | 0.5% | 0.9% | +0.4 pts | +6,084 sh | +85% |
| Reduced | DOW INC COM (DOW) | 0.5% | 0.0% | −0.5 pts | −19,346 sh | −98% |
| Increased | CHECK POINT SOFTWARE TECH LTD ORD (CHKP) | 0.8% | 0.9% | +0.1 pts | +1,671 sh | +37% |
| Reduced | BANK NEW YORK MELLON CORP COM (BK) | 1.8% | 1.8% | 0.0 pts | −2,821 sh | −10% |
| Increased | BROADCOM INC COM (AVGO) | 0.0% | 0.2% | +0.2 pts | +865 sh | +2060% |
| Increased | AKAMAI TECHNOLOGIES INC COM (AKAM) | 0.6% | 0.7% | +0.1 pts | +3,734 sh | +41% |
| Increased | ILLINOIS TOOL WKS INC COM (ITW) | 0.7% | 0.8% | +0.1 pts | +1,070 sh | +32% |
| Reduced | HORMEL FOODS CORP COM (HRL) | 0.5% | 0.2% | −0.3 pts | −10,856 sh | −53% |
| Increased | RIO TINTO PLC SPONSORED ADR (RIO) | 0.8% | 1.0% | +0.1 pts | +3,912 sh | +23% |
| Increased | TARGET CORP COM (TGT) | 0.1% | 0.3% | +0.1 pts | +2,821 sh | +163% |
| Increased | CHEVRON CORP NEW COM (CVX) | 0.3% | 0.4% | +0.1 pts | +1,598 sh | +72% |
| Increased | SS&C TECHNOLOGIES HLDGS INC COM (SSNC) | 0.6% | 0.7% | +0.1 pts | +2,743 sh | +30% |
| Increased | APPLE INC. (AAPL) | 2.6% | 2.7% | +0.2 pts | +940 sh | +6% |
| Reduced | SCHWAB US DIVIDEND EQUITY ETF (SCHD) | 6.5% | 5.4% | −1.1 pts | −8,302 sh | −3% |
| Increased | SCHWAB U.S. SMALL-CAP ETF (SCHA) | 3.3% | 3.6% | +0.3 pts | +7,762 sh | +4% |
| Exited | INVESCO BULLETSHARES 2025 MUNICIPAL BOND ETF (BSMP) | 0.1% | — | −0.1 pts | −7,113 sh | −100% |
| Increased | GENERAL DYNAMICS CORP COM (GD) | 0.5% | 0.7% | +0.2 pts | +469 sh | +19% |
| Increased | ADOBE INC COM (ADBE) | 1.1% | 1.0% | −0.1 pts | +442 sh | +12% |
| Increased | UNION PAC CORP COM (UNP) | 1.5% | 1.4% | −0.1 pts | +602 sh | +7% |
| Increased | EVERGY INC COM (EVRG) | 0.9% | 1.0% | +0.1 pts | +1,803 sh | +11% |
| Increased | FEDEX CORP COM (FDX) | 0.7% | 0.7% | 0.0 pts | +559 sh | +16% |
| Increased | AMAZON COM INC COM (AMZN) | 1.8% | 1.8% | +0.1 pts | +586 sh | +5% |
| Increased | LOCKHEED MARTIN CORP COM (LMT) | 0.7% | 0.8% | +0.1 pts | +256 sh | +13% |
| Increased | LOWES COS INC COM (LOW) | 0.5% | 0.6% | +0.1 pts | +503 sh | +17% |
| Increased | VANGUARD GROWTH ETF (VUG) | 0.0% | 0.1% | +0.1 pts | +238 sh | +270% |
| Increased | MICROSOFT CORP COM (MSFT) | 2.0% | 2.4% | +0.5 pts | +220 sh | +3% |
| Increased | MONDELEZ INTL INC CL A (MDLZ) | 0.7% | 0.6% | −0.1 pts | +1,802 sh | +14% |
| Reduced | EATON CORP PLC SHS (ETN) | 1.0% | 1.1% | +0.1 pts | −297 sh | −6% |
| Increased | AMGEN INC COM (AMGN) | 1.5% | 1.3% | −0.3 pts | +378 sh | +6% |
| Increased | NICE LTD SPONSORED ADR (NICE) | 0.7% | 0.6% | −0.1 pts | +679 sh | +13% |
| Increased | PRICE T ROWE GROUP INC COM (TROW) | 0.2% | 0.2% | +0.1 pts | +924 sh | +39% |
| Increased | VOYA FINANCIAL INC COM (VOYA) | 1.0% | 1.0% | 0.0 pts | +1,255 sh | +7% |
| Reduced | INVESCO BULLETSHARES 2026 MUNICIPAL BOND ETF (BSMQ) | 0.3% | 0.2% | −0.1 pts | −3,720 sh | −25% |
| Increased | EXXON MOBIL CORPORATION (XOM) | 0.0% | 0.1% | +0.1 pts | +760 sh | +374% |
| Increased | FIDELITY NATIONAL FINANCIAL IN COM SHS (FNT) | 0.5% | 0.5% | 0.0 pts | +1,350 sh | +13% |
| Reduced | REPUBLIC SVCS INC COM (RSG) | 2.0% | 1.6% | −0.4 pts | −349 sh | −3% |
| Increased | KENVUE INC COM (KVUE) | 0.7% | 0.4% | −0.2 pts | +4,850 sh | +14% |
| Increased | ALLSTATE CORP COM (ALL) | 2.1% | 1.9% | −0.2 pts | +357 sh | +3% |
| Reduced | STARBUCKS CORPORATION (SBUX) | 0.1% | 0.0% | −0.1 pts | −878 sh | −53% |
| Increased | GENPACT LIMITED SHS (G) | 1.5% | 1.2% | −0.4 pts | +1,734 sh | +5% |
| Increased | COCA COLA CO COM (KO) | 1.6% | 1.4% | −0.3 pts | +1,085 sh | +4% |
| Increased | JOHNSON & JOHNSON (JNJ) | 1.4% | 1.4% | 0.0 pts | +378 sh | +4% |
| Reduced | AUTONATION INC COM (AN) | 1.2% | 1.4% | +0.2 pts | −317 sh | −3% |
| Increased | VISA INC COM CL A (V) | 1.9% | 1.6% | −0.2 pts | +187 sh | +3% |
The 50 largest of 543 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 42.5% of the equity book
Changes in the top 10 this quarter: AMZN entered · RSG left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | SCHWAB U.S. BROAD MARKET ETF (SCHB) | 12.5% | 14.0% | |
| 2 | SCHWAB US DIVIDEND EQUITY ETF (SCHD) | 6.5% | 5.4% | |
| 3 | SCHWAB INTERNATIONAL EQUITY ETF (SCHF) | 4.5% | 5.0% | |
| 4 | SCHWAB U.S. SMALL-CAP ETF (SCHA) | 3.3% | 3.6% | |
| 5 | ALPHABET INC CAP STK CL C (GOOG) | 2.1% | 2.9% | |
| 6 | APPLE INC. (AAPL) | 2.6% | 2.7% | |
| 7 | VANGUARD TOTAL STOCK MARKET ETF (VTI) | 2.5% | 2.6% | |
| 8 | MICROSOFT CORP COM (MSFT) | 2.0% | 2.4% | |
| 9 | ALLSTATE CORP COM (ALL) | 2.1% | 1.9% | |
| 10 | AMAZON COM INC COM (AMZN) | 1.8% | 1.8% | Entered the top 10 |
| — | REPUBLIC SVCS INC COM (RSG) | 2.0% | 1.6% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).