Davis Selected Advisers: AUM & Ownership

Clients

Davis Selected Advisers serves 109 clients, 28 of them high-net-worth individuals. The average client has about $276 million with the firm, and high-net-worth clients hold 0% of its $30.1 billion in assets.

Regulatory assets by client type

Investment companies20 clients54%
Pooled investment vehicles5 clients3%
Charitable organizations9 clients17%
Other investment advisers20 clients23%
OtherIndividuals, High-net-worth individuals, Pension and profit-sharing plans, Corporations and other businesses2%

Show client breakdown

Client type	Clients	Regulatory AUM	Share	Avg. per client
Individuals (other than HNW)	21	$8,883,059	0.0%	$423K
High-net-worth individuals	28	$150,302,824	0.5%	$5.37M
Investment companies	20	$16,377,699,804	54.4%	$818.9M
Pooled investment vehicles	5	$974,862,700	3.2%	$195.0M
Pension and profit-sharing plans	3	$38,709,305	0.1%	$12.9M
Charitable organizations	9	$5,008,596,289	16.6%	$556.5M
Other investment advisers	20	$7,064,101,793	23.5%	$353.2M
Corporations and other businesses	3	$497,033,137	1.7%	$165.7M
Total	109	$30,120,188,911	100%	$276.3M

Individuals (other than HNW)

Clients: 21
Regulatory AUM: $8,883,059
Share: 0.0%
Avg. per client: $423K

High-net-worth individuals

Clients: 28
Regulatory AUM: $150,302,824
Share: 0.5%
Avg. per client: $5.37M

Investment companies

Clients: 20
Regulatory AUM: $16,377,699,804
Share: 54.4%
Avg. per client: $818.9M

Pooled investment vehicles

Clients: 5
Regulatory AUM: $974,862,700
Share: 3.2%
Avg. per client: $195.0M

Pension and profit-sharing plans

Clients: 3
Regulatory AUM: $38,709,305
Share: 0.1%
Avg. per client: $12.9M

Charitable organizations

Clients: 9
Regulatory AUM: $5,008,596,289
Share: 16.6%
Avg. per client: $556.5M

Other investment advisers

Clients: 20
Regulatory AUM: $7,064,101,793
Share: 23.5%
Avg. per client: $353.2M

Corporations and other businesses

Clients: 3
Regulatory AUM: $497,033,137
Share: 1.7%
Avg. per client: $165.7M

Total

Clients: 109
Regulatory AUM: $30,120,188,911
Share: 100%
Avg. per client: $276.3M

What it does

Davis Selected Advisers provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets.

Davis Selected Advisers provided financial planning to 0 clients last fiscal year and advises no private funds.

85.1% of assets ($25.62B across 95 accounts) are managed with discretion; $4.50B across 14 accounts are not. $7.15B sits in a wrap fee program the firm both sponsors and manages. 5% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end

Stocks98%
Cash2%

Custodians

Davis Selected Advisers does not have custody of client assets.

Managed account assets by custodian

All other custodians$30.12B100%

Ownership and leadership

Christopher Davis owns 25% to 50% of Davis Selected Advisers, and Christopher Davis is its CEO.

Who owns the firm

Davis Selected Advisers LP· the adviser

Christopher Davis
Control person · since May 1992
Owns 25% to 50% of Davis Selected Advisers LP
Andrew Davis
since February 1993
Owns 25% to 50% of Davis Selected Advisers LP
Venture Advisers, Inc.
since February 1968
Owns 10% to 25% of Davis Selected Advisers LP
- Shelby Davis
  Control person · since December 1968
  Owns 75% or more of Venture Advisers, Inc.

Leadership

Christopher Davis
Chairman, Chief Executive Officer
Lisa Cohen
Vice President, Chief Legal Officer
Andrew Davis
President
Gary Tyc
Vice President, Chief Financial Officer
Kenneth Eich
Chief Operating Officer
Michaela McLoughry
Chief Compliance Officer
Christopher Davis
Limited Partner
Andrew Davis
Limited Partner
Russell Wiese
Chief Marketing Officer

Staff

121 employees
10 in advisory functions
42 broker-dealer reps

Reported holdings

Davis Selected Advisers’ reported 13F holdings total $23.29B across 112 positions, and the ten largest make up 48.8% of it.

$23.29B
Reported 13F value: 112
Positions: 48.8%
In the 10 largest: +6.9%
Value vs. prior quarter

Ten largest positions, share of reported value

Capital One Financial Corp..7.1%
U.S. Bancorp5.6%
CVS Health Corporation5.3%
Viatris Inc..5.1%
MGM Resorts International4.9%
Alphabet Inc.., Class A4.5%
Devon Energy Corp..4.5%
Amazon.com, Inc..4.4%
Meta Platforms, Inc.., Class A4.0%
Markel Group, Inc.3.4%

Together, the ten largest are 48.8% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 11 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $23.29B is not its $30.12B in regulatory assets and does not represent any individual client's portfolio.

Fees

Davis Selected Advisers is paid through a percentage of assets under management.

Davis Selected Advisers’ fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Davis Selected Advisers has 1 office, with 2 listed addresses across 2 states.

Listed office addresses by state

Arizona · 1 listed address

3600 E. Hemisphere Loop, TucsonHQ

Other business names

Davis Selected Advisers has reported 1 other business name to the SEC.

Davis Advisors

Registration details

Legal name: Davis Selected Advisers LP
Headquarters: 3600 E. Hemisphere Loop, Tucson, AZ 85706-5041
Phone: 800-279-2279
Website: Not reported
SEC file: 801-31648
Structure: Colorado limited partnership
Fiscal year end: December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Davis Selected Advisers have?

Davis Selected Advisers has 109 clients and manages $30.1 billion for them, as of March 2026. They include 28 high-net-worth individuals, 21 other individuals and 20 investment companies.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 19 March 2026

What services does Davis Selected Advisers offer?

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

How many financial advisors does Davis Selected Advisers have?

Davis Selected Advisers has 0 investment adviser representatives registered with state securities authorities, out of 121 employees, and 10 perform investment advisory functions. 42 are registered representatives of a broker-dealer and 0 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Davis Selected Advisers invest in?

At the end of its last fiscal year, Davis Selected Advisers’ separately managed accounts held 98% exchange-traded equities and 2% cash and equivalents. It advises no private funds of its own.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Davis Selected Advisers?

Davis Selected Advisers is owned through a holding company by Shelby Davis. Its direct owners are Venture Advisers, Inc., Christopher Davis and Andrew Davis, each holding 50% or less.

Source: Form ADV Part 1A, Schedules A and B, filed 19 March 2026

How does Davis Selected Advisers get paid?

Davis Selected Advisers is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file