UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
09-30-2025
Check here if Amendment: ☐ Amendment Number:
This Amendment (Check only one.):☐ is a restatement.
☐ adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
Davis Selected Advisers
Address:
2949 E. Elvira Road
Tucson, AZ 85756
Form 13F File Number:
028-04121

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
Michaela McLoughry
Title:
Chief Compliance Officer
Phone:
520-434-3731


Signature, Place, and Date of Signing:

Michaela McLoughry
                         [Signature]
Tucson, ARIZONA
                 [City, State]
11-12-2025
                           [Date]
                          

Report Type (Check only one.):

☒ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

☐ 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

☐ 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
107
Form 13F Information table Value Total:
19154485365
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
AGCO CorporationCommon Stock001084102194,109,5591,812,922SHSOLE1,810,832 0 2,090
Alexandria Real Estate Equities, Inc.Common Stock01527110915,014,284180,157SHSOLE86,633 0 93,524
Alphabet Inc., Class ACommon Stock02079K305673,531,3042,770,594SHSOLE2,763,198 0 7,396
Alphabet Inc., Class CCommon Stock02079K107157,345,721646,051SHSOLE646,051 0 0
Amazon.com, Inc.Common Stock023135106689,007,5863,137,986SHSOLE3,131,321 0 6,665
American Express Co.Common Stock02581610982,355,848247,940SHSOLE246,383 0 1,557
American Homes 4 Rent - Class ACommon Stock02665T3069,496,200285,600SHSOLE146,260 0 139,340
American Tower CorpCommon Stock03027X10012,629,65465,670SHSOLE38,640 0 27,030
ANGI Inc., Class ACommon Stock00183L20115,430,837949,006SHSOLE949,006 0 0
Applied Materials, Inc.Common Stock0382221051,137,124,2855,553,992SHSOLE5,542,850 0 11,142
AppLovin Corp., Class ACommon Stock03831W108160,646,862223,574SHSOLE223,574 0 0
AvalonBay Communities, Inc.Common Stock05348410112,861,25966,580SHSOLE32,770 0 33,810
Bank of America Corp.Common Stock06050510459,358,8871,150,589SHSOLE1,150,589 0 0
Bank of N.T. Butterfield & Son LimitedCommon StockG0772R20845,443,3961,058,793SHSOLE1,058,793 0 0
Bank of New York Mellon Corp.Common Stock064058100110,123,7861,010,681SHSOLE1,000,529 0 10,152
Berkshire Hathaway Inc., Class ACommon Stock084670108752,691,600998SHSOLE998 0 0
Berkshire Hathaway Inc., Class BCommon Stock084670702268,437,018533,948SHSOLE530,092 0 3,856
Brixmor Property Group, Inc.Common Stock11120U10515,777,600570,000SHSOLE299,910 0 270,090
BXP, Inc.Common Stock10112110117,823,758239,760SHSOLE120,880 0 118,880
Camden Property TrustCommon Stock1331311029,516,23489,120SHSOLE47,970 0 41,150
Capital One Financial Corp.Common Stock14040H1051,781,445,2828,380,117SHSOLE8,371,925 0 8,192
Charles Schwab Corp.Common Stock80851310528,301,222296,441SHSOLE296,441 0 0
Chime Financial, Inc.Common Stock16935C10948,391,1782,399,166SHSOLE2,399,166 0 0
Chubb Ltd.Common StockH1467J104302,133,1751,070,445SHSOLE1,067,418 0 3,027
Cigna GroupCommon Stock125523100189,183,664656,318SHSOLE655,728 0 590
Community Healthcare Trust, Inc.Common Stock20369C1065,097,807333,190SHSOLE169,500 0 163,690
ConocoPhillipsCommon Stock20825C104151,278,8281,599,311SHSOLE1,596,801 0 2,510
COPT Defense PropertiesCommon Stock22002T1088,779,607302,120SHSOLE145,510 0 156,610
Coterra Energy, Inc.Common Stock127097103470,244,32619,883,481SHSOLE19,865,191 0 18,290
Cousins Properties, Inc.Common Stock22279550214,827,554512,355SHSOLE256,840 0 255,515
Crown Castle, Inc.Common Stock22822V1014,172,22843,240SHSOLE24,150 0 19,090
Crown Holdings, Inc.Common Stock228368106827,7768,570SHSOLE8,570 0 0
CVS Health CorporationCommon Stock126650100859,720,49511,403,641SHSOLE11,393,511 0 10,130
Darling Ingredients Inc.Common Stock23726610175,753,1282,453,940SHSOLE2,451,550 0 2,390
Davis Select Financial ETFETF23908L10896,312,2812,129,860SHSOLE2,129,860 0 0
Davis Select International ETFETF23908L405108,844,4513,890,080SHSOLE3,890,080 0 0
Davis Select U.S. Equity ETFETF23908L207162,062,5313,383,338SHSOLE3,383,338 0 0
Davis Select Worldwide ETFETF23908L30686,673,6711,916,287SHSOLE1,916,287 0 0
Digital Realty Trust, Inc.Common Stock25386810314,051,68681,280SHSOLE38,010 0 43,270
Douglas Emmett, IncCommon Stock25960P1094,945,032317,600SHSOLE159,390 0 158,210
Eastgroup Properties, Inc.Common Stock2772761018,960,62452,940SHSOLE26,360 0 26,580
Equinix, Inc.Common Stock29444U70017,076,98221,803SHSOLE9,433 0 12,370
Equity ResidentialCommon Stock29476L1076,940,027107,215SHSOLE58,570 0 48,645
Essex Property Trust, Inc.Common Stock2971781054,537,10516,951SHSOLE8,270 0 8,681
Everest Group, Ltd.Common StockG3223R10813,808,86839,428SHSOLE39,428 0 0
Extra Space Storage, Inc.Common Stock30225T1027,759,45255,055SHSOLE31,930 0 23,125
Fifth Third BancorpCommon Stock316773100118,898,1142,668,869SHSOLE2,668,869 0 0
Full Truck Alliance Co. Ltd., ADRADR35969L108194,313,59614,981,773SHSOLE14,981,773 0 0
Healthpeak Properties, Inc.Common Stock42250P1038,557,484446,866SHSOLE219,150 0 227,716
Hudson Pacific Properties Inc.Common Stock4440971096,348,5052,300,183SHSOLE1,289,340 0 1,010,843
Humana Inc.Common Stock444859102100,305,682385,539SHSOLE385,539 0 0
IAC Inc.Common Stock44891N20876,442,4842,243,689SHSOLE2,240,379 0 3,310
iShares S&P 500 Value Index FundETF4642874081,365,8576,614SHSOLE6,614 0 0
JD.com Inc., Class A, ADRADR47215P10611,953,051341,711SHSOLE341,711 0 0
Johnson Controls International plcCommon StockG5150210520,451,140186,004SHSOLE186,004 0 0
JPMorgan Chase & Co.Common Stock46625H100187,878,341595,626SHSOLE592,405 0 3,221
KE Holdings Inc., Class A, ADRADR48249710435,184,2761,851,804SHSOLE1,851,804 0 0
Lam Research Corp.Common Stock5128073061,644,29212,280SHSOLE12,280 0 0
Loews Corp.Common Stock54042410859,802,022595,697SHSOLE595,697 0 0
M & T Bank CorpCommon Stock55261F10410,083,95651,027SHSOLE51,027 0 0
Markel Group, IncCommon Stock570535104713,946,478373,528SHSOLE372,921 0 607
Meta Platforms, Inc., Class ACommon Stock30303M1021,259,839,1001,715,514SHSOLE1,713,670 0 1,844
MGM Resorts InternationalCommon Stock552953101830,226,64623,953,452SHSOLE23,930,292 0 23,160
Microsoft Corp.Common Stock59491810427,091,89352,306SHSOLE52,306 0 0
Mid-America Apartment Communities, Inc.Common Stock59522J1038,503,96860,860SHSOLE30,240 0 30,620
NetEase Inc. - ADRADR64110W10290,394,533594,740SHSOLE594,740 0 0
NetSTREIT Corp.Common Stock64119V3036,183,925342,410SHSOLE181,620 0 160,790
Noah Holdings Ltd., Class A, ADSADR65487X10211,840,1701,021,585SHSOLE1,021,585 0 0
NVIDIA Corp.Common Stock67066G10416,753,95189,795SHSOLE89,795 0 0
Oracle CorporationCommon Stock68389X10518,857,70467,052SHSOLE67,052 0 0
Owens CorningCommon Stock690742101251,426,3361,777,367SHSOLE1,775,072 0 2,295
Pinterest, Inc., Class ACommon Stock72352L106253,887,4747,892,057SHSOLE7,887,877 0 4,180
PNC Financial Services Group, Inc.Common Stock693475105100,830,090501,817SHSOLE501,817 0 0
Prologis, Inc.Common Stock74340W10322,693,970198,166SHSOLE77,189 0 120,977
Public Storage, Inc.Common Stock74460D10912,885,59944,610SHSOLE20,480 0 24,130
Quest Diagnostics Inc.Common Stock74834L100259,496,0151,361,612SHSOLE1,360,582 0 1,030
Realty Income Corp.Common Stock7561091045,688,72893,580SHSOLE 0 0 93,580
Regency Centers CorporationCommon Stock75884910310,214,019140,110SHSOLE69,220 0 70,890
RenaissanceRe Holdings LtdCommon StockG7496G10336,348,810143,145SHSOLE143,145 0 0
Restaurant Brands International, Inc.Common Stock76131D103227,208,7663,542,388SHSOLE3,538,998 0 3,390
Rexford Industrial Realty, Inc.Common Stock76169C10016,244,617395,150SHSOLE201,180 0 193,970
RHCommon Stock74967X103455,0782,240SHSOLE2,240 0 0
Rocket Companies, Inc., Class ACommon Stock77311W10160,741,4553,134,234SHSOLE3,134,234 0 0
SAP SE - ADRADR80305420412,501,95446,787SHSOLE46,787 0 0
Sea Ltd., Class A, ADRADR81141R10078,747,366440,594SHSOLE440,594 0 0
Simon Property Group, Inc.Common Stock82880610914,400,48276,733SHSOLE35,873 0 40,860
Solventum Corp.Common Stock83444M101402,785,6035,517,611SHSOLE5,512,541 0 5,070
State Street Corp.Common Stock85747710312,040,098103,785SHSOLE103,785 0 0
Sun Communities, Inc.Common Stock8666741045,669,55043,950SHSOLE22,460 0 21,490
Sunstone Hotel Investors, Inc.Common Stock86789210112,291,5661,311,800SHSOLE713,790 0 598,010
Synopsys, Inc.Common Stock8716071074,270,2908,655SHSOLE8,655 0 0
Taiwan Semiconductor Manufacturing, ADRADR8740391002,010,8887,200SHSOLE7,200 0 0
Teck Resources Ltd., Class BCommon Stock878742204483,828,52511,023,662SHSOLE11,013,142 0 10,520
Terreno Realty Corp.Common Stock88146M1016,861,472120,907SHSOLE56,184 0 64,723
Texas Instruments, Inc.Common Stock882508104425,777,3692,317,408SHSOLE2,311,406 0 6,002
Trip.com Group Ltd., ADRADR89677Q107371,596,6644,941,445SHSOLE4,941,445 0 0
Truist Financial Corp.Common Stock89832Q1097,152,300156,437SHSOLE156,437 0 0
Tyson Foods IncCommon Stock902494103540,943,4969,962,127SHSOLE9,952,797 0 9,330
U.S. BancorpCommon Stock902973304939,127,39519,431,562SHSOLE19,408,906 0 22,656
UDR, Inc.Common Stock9026531046,937,439186,190SHSOLE89,280 0 96,910
UnitedHealth Group Inc.Common Stock91324P102393,401,3261,139,303SHSOLE1,138,203 0 1,100
Vale S.A., ADRADR91912E10531,832,8102,931,198SHSOLE2,931,198 0 0
Ventas, Inc.Common Stock92276F1008,211,927117,330SHSOLE55,770 0 61,560
Viatris Inc.Common Stock92556V106686,521,88569,345,645SHSOLE69,277,955 0 67,690
VICI Properties, Inc.Common Stock9256521097,226,702221,610SHSOLE92,550 0 129,060
Wells Fargo & Co.Common Stock949746101652,626,9207,786,052SHSOLE7,763,111 0 22,941
Wesco International, Inc.Common Stock95082P10561,878,555292,570SHSOLE292,570 0 0