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:
06-30-2025
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]
07-24-2025
                           [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:
18702346980
          (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 CorporationCommon001084102186,158,8221,804,564SHSOLE1,730,899 0 73,665
Alexandria Real Estate Equities, Inc.Common01527110911,343,862156,187SHSOLE82,813 0 73,374
Alphabet Inc., Class ACommon02079K305503,033,2592,854,413SHSOLE2,752,631 0 101,782
Alphabet Inc., Class CCommon02079K107115,372,682650,390SHSOLE635,127 0 15,263
Amazon.com, Inc.Common023135106717,221,2313,269,161SHSOLE3,169,389 0 99,772
American Express Co.Common02581610986,284,092270,500SHSOLE268,947 0 1,553
American Homes 4 Rent - Class ACommon02665T3069,030,485250,360SHSOLE141,040 0 109,320
American Tower CorpCommon03027X10020,256,48391,650SHSOLE50,850 0 40,800
ANGI Inc., Class ACommon00183L20118,035,9621,181,911SHSOLE1,142,154 0 39,757
Apple Inc.Common037833100259,5401,265SHSOLE1,265 0 0
Applied Materials, Inc.Common038222105907,586,6234,957,593SHSOLE4,785,682 0 171,911
AppLovin Corp., Class ACommon03831W10875,292,756215,073SHSOLE207,771 0 7,302
AvalonBay Communities, Inc.Common05348410111,766,37057,820SHSOLE31,290 0 26,530
Bank of America Corp.Common06050510454,578,7461,153,397SHSOLE1,153,397 0 0
Bank of N.T. Butterfield & Son LimitedCommonG0772R20847,037,0501,062,264SHSOLE1,062,264 0 0
Bank of New York Mellon Corp.Common064058100172,965,9371,898,430SHSOLE1,888,330 0 10,100
Berkshire Hathaway Inc., Class ACommon084670108776,172,0001,065SHSOLE1,065 0 0
Berkshire Hathaway Inc., Class BCommon084670702269,041,285553,845SHSOLE500,771 0 53,074
Brixmor Property Group, Inc.Common11120U10512,978,076498,390SHSOLE286,460 0 211,930
BXP, Inc.Common10112110114,143,736209,630SHSOLE116,350 0 93,280
Camden Property TrustCommon1331311028,863,06978,650SHSOLE46,360 0 32,290
Capital One Financial Corp.Common14040H1051,905,423,6588,955,742SHSOLE8,773,137 0 182,605
Charles Schwab Corp.Common80851310527,047,003296,438SHSOLE296,438 0 0
Chubb Ltd.CommonH1467J104310,528,6561,071,823SHSOLE1,045,345 0 26,478
Cigna GroupCommon125523100216,823,786655,889SHSOLE624,002 0 31,887
Community Healthcare Trust, Inc.Common20369C1065,525,816332,280SHSOLE170,520 0 161,760
ConocoPhillipsCommon20825C104142,290,5781,585,587SHSOLE1,528,842 0 56,745
COPT Defense PropertiesCommon22002T1084,067,774147,490SHSOLE76,140 0 71,350
Coterra Energy, Inc.Common127097103237,002,0199,338,141SHSOLE9,031,177 0 306,964
Coupang, Inc., Class ACommon22266T109172,419,7405,754,998SHSOLE5,754,998 0 0
Cousins Properties, Inc.Common22279550213,820,857460,235SHSOLE259,740 0 200,495
Crown Castle, Inc.Common22822V1014,345,47942,300SHSOLE22,890 0 19,410
Crown Holdings, Inc.Common228368106882,5398,570SHSOLE8,570 0 0
CVS Health CorporationCommon126650100799,256,77411,586,790SHSOLE11,191,332 0 395,458
Darling Ingredients Inc.Common23726610192,709,0462,443,570SHSOLE2,312,523 0 131,047
Davis Select Financial ETFETF23908L10891,456,2002,129,860SHSOLE2,129,860 0 0
Davis Select International ETFETF23908L405100,597,4803,890,080SHSOLE3,890,080 0 0
Davis Select U.S. Equity ETFETF23908L207156,580,8793,383,338SHSOLE3,383,338 0 0
Davis Select Worldwide ETFETF23908L30679,411,5041,916,287SHSOLE1,916,287 0 0
Digital Realty Trust, Inc.Common25386810311,934,63268,460SHSOLE38,440 0 30,020
Douglas Emmett, IncCommon25960P1094,162,320276,750SHSOLE152,610 0 124,140
Eastgroup Properties, Inc.Common2772761017,709,24646,130SHSOLE25,270 0 20,860
Equinix, Inc.Common29444U70012,459,44715,663SHSOLE9,093 0 6,570
Equity ResidentialCommon29476L1076,865,420101,725SHSOLE59,250 0 42,475
Essex Property Trust, Inc.Common2971781058,088,51928,541SHSOLE16,600 0 11,941
Everest Group, Ltd.CommonG3223R10813,424,07539,500SHSOLE39,500 0 0
Extra Space Storage, Inc.Common30225T1028,369,43256,765SHSOLE34,890 0 21,875
Exxon Mobil Corp.Common30231G102222,7152,066SHSOLE2,066 0 0
Fifth Third BancorpCommon316773100103,353,7672,512,856SHSOLE2,512,856 0 0
Full Truck Alliance Co. Ltd.ADR35969L108137,420,27411,635,925SHSOLE11,635,925 0 0
Healthpeak Properties, Inc.Common42250P1036,814,647389,186SHSOLE210,520 0 178,666
Hudson Pacific Properties Inc.Common4440971096,290,9662,295,973SHSOLE1,297,080 0 998,893
Humana Inc.Common444859102404,060,4081,652,734SHSOLE1,598,031 0 54,703
IAC Inc.Common44891N20885,164,1382,280,775SHSOLE2,192,636 0 88,139
iShares S&P 500 Value Index FundETF4642874082,145,32110,978SHSOLE10,477 0 501
JD.com Inc., Class A, ADRADR47215P10611,211,416343,487SHSOLE343,487 0 0
Johnson Controls International plcCommonG5150210525,911,015245,323SHSOLE221,667 0 23,656
JPMorgan Chase & Co.Common46625H100184,394,966636,042SHSOLE632,836 0 3,206
KE Holdings Inc., Class A, ADRADR48249710432,868,8851,852,812SHSOLE1,852,812 0 0
Lam Research Corp.Common5128073061,195,33512,280SHSOLE12,280 0 0
Loews Corp.Common54042410854,752,459597,343SHSOLE597,343 0 0
M & T Bank CorpCommon55261F1049,883,40350,948SHSOLE50,948 0 0
Markel Group, IncCommon570535104741,282,215371,131SHSOLE359,866 0 11,265
Meta Platforms, Inc., Class ACommon30303M1021,555,756,8022,107,814SHSOLE2,053,750 0 54,064
MGM Resorts InternationalCommon552953101819,207,93923,821,109SHSOLE23,134,026 0 687,083
Microsoft Corp.Common594918104123,335,794247,956SHSOLE229,483 0 18,473
Mid-America Apartment Communities, Inc.Common59522J1037,851,93153,050SHSOLE29,030 0 24,020
NetEase Inc. - ADRADR64110W10279,852,639593,347SHSOLE593,347 0 0
NetSTREIT Corp.Common64119V3033,733,234220,510SHSOLE122,840 0 97,670
Noah Holdings Ltd., Class A, ADSADR65487X10212,197,7251,021,585SHSOLE1,021,585 0 0
NVIDIA Corp.Common67066G10414,082,43889,135SHSOLE78,647 0 10,488
Oracle CorporationCommon68389X10528,766,024131,574SHSOLE116,667 0 14,907
Owens CorningCommon690742101243,285,6701,769,093SHSOLE1,686,166 0 82,927
PNC Financial Services Group, Inc.Common69347510593,649,392502,357SHSOLE502,357 0 0
Prologis, Inc.Common74340W10313,584,237129,226SHSOLE74,469 0 54,757
Public Storage, Inc.Common74460D10911,854,16840,400SHSOLE21,460 0 18,940
Quest Diagnostics Inc.Common74834L100243,294,4651,354,420SHSOLE1,272,888 0 81,532
Realty Income Corp.Common7561091042,815,40148,870SHSOLE 0 0 48,870
Regency Centers CorporationCommon7588491038,677,951121,830SHSOLE66,210 0 55,620
RenaissanceRe Holdings LtdCommonG7496G10334,750,974143,067SHSOLE143,067 0 0
Restaurant Brands International, Inc.Common76131D103226,692,9083,419,715SHSOLE3,348,158 0 71,557
Rexford Industrial Realty, Inc.Common76169C10013,339,106375,010SHSOLE203,460 0 171,550
RHCommon74967X103423,3822,240SHSOLE2,240 0 0
Rocket Companies, Inc., Class ACommon77311W10144,421,3743,132,678SHSOLE3,132,678 0 0
SAP SE - ADRADR80305420414,222,45346,769SHSOLE41,864 0 4,905
Sea Ltd., Class A, ADRADR81141R10071,701,902448,305SHSOLE448,305 0 0
Simon Property Group, Inc.Common8288061099,440,30958,723SHSOLE34,603 0 24,120
Solventum Corp.Common83444M101416,563,4105,492,661SHSOLE5,301,291 0 191,370
State Street Corp.Common8574771037,683,17172,251SHSOLE72,251 0 0
Sun Communities, Inc.Common8666741044,853,42138,370SHSOLE21,500 0 16,870
Sunstone Hotel Investors, Inc.Common86789210110,029,5661,155,480SHSOLE686,260 0 469,220
Taiwan Semiconductor ManufacturingCommon8740391001,630,7287,200SHSOLE7,200 0 0
Teck Resources Ltd., Class BCommon878742204445,593,01711,034,993SHSOLE10,646,755 0 388,238
Terreno Realty Corp.Common88146M1015,842,326104,197SHSOLE53,414 0 50,783
Texas Instruments, Inc.Common882508104494,178,4892,380,207SHSOLE2,286,354 0 93,853
Trip.com Group Ltd., ADRADR89677Q107290,236,8044,949,468SHSOLE4,949,468 0 0
Truist Financial Corp.Common89832Q1096,699,777155,845SHSOLE155,845 0 0
Tyson Foods IncCommon902494103501,024,7088,956,466SHSOLE8,672,141 0 284,325
U.S. BancorpCommon902973304874,756,56919,331,637SHSOLE18,756,313 0 575,324
UDR, Inc.Common9026531046,614,052161,990SHSOLE85,890 0 76,100
UnitedHealth Group Inc.Common91324P102353,426,1341,132,885SHSOLE1,100,654 0 32,231
Vale S.A., ADRADR91912E10528,630,0712,948,514SHSOLE2,948,514 0 0
Ventas, Inc.Common92276F10012,841,553203,350SHSOLE120,990 0 82,360
Viatris Inc.Common92556V106592,733,39466,375,520SHSOLE63,774,660 0 2,600,860
VICI Properties, Inc.Common9256521095,533,524169,740SHSOLE88,590 0 81,150
Wells Fargo & Co.Common949746101655,095,0148,176,423SHSOLE7,987,636 0 188,787
Wesco International, Inc.Common95082P10553,846,159290,746SHSOLE254,929 0 35,817