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Davis Selected Advisers

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13F filer, CIK 1036325, Tucson, AZ

Davis Selected Advisers reported $22,249,323,816 across 108 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-02. Its ten largest share positions make up 50.3% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001036325-26-000004

Period
2025-12-31
Reported value
$22.2B
Holdings
108
Top 10 weight
50.3%
New
4
Sold out
3

Largest buys vs the previous quarter

SecurityShares changeApprox. value
CTRAadded+12,654,027$333M
JBSnew+11,854,741$171M
TSNadded+2,865,413$168M
USBadded+2,610,197$139M
VTRSadded+8,832,339$110M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
AMATreduced-1,352,694-$348M
HUMexited-385,539-$100M
BNYreduced-488,959-$56.8M
BRK-Areduced-55-$41.5M
NTESreduced-168,576-$23.2M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001036325-26-000004, largest first. % of portfolio is the value over $22,249,323,816, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
COFCAPITAL ONE FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,628,400 shares; 2024Q4: 9,249,045 shares; 2025Q1: 8,999,453 shares; 2025Q2: 8,955,742 shares; 2025Q3: 8,380,117 shares; 2025Q4: 8,614,766 shares 8,614,766$2.09B9.38%+234,649Timeline
USBUS BANCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,392,993 shares; 2024Q4: 14,375,139 shares; 2025Q1: 14,889,014 shares; 2025Q2: 19,331,637 shares; 2025Q3: 19,431,562 shares; 2025Q4: 22,041,759 shares 22,041,759$1.18B5.29%+2,610,197Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,714,886 shares; 2024Q4: 2,492,597 shares; 2025Q1: 2,210,250 shares; 2025Q2: 2,107,814 shares; 2025Q3: 1,715,514 shares; 2025Q4: 1,752,974 shares 1,752,974$1.16B5.2%+37,460Timeline
AMATAPPLIED MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,112,767 shares; 2024Q4: 4,712,217 shares; 2025Q1: 4,993,172 shares; 2025Q2: 4,957,593 shares; 2025Q3: 5,553,992 shares; 2025Q4: 4,201,298 shares 4,201,298$1.08B4.85%-1,352,694Timeline
CVSCVS HEALTH CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 367,512 shares; 2024Q4: 11,385,950 shares; 2025Q1: 11,549,057 shares; 2025Q2: 11,586,790 shares; 2025Q3: 11,403,641 shares; 2025Q4: 12,760,511 shares 12,760,511$1.01B4.55%+1,356,870Timeline
MGMMGM RESORTS INTERNATIONALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 19,038,296 shares; 2024Q4: 19,920,713 shares; 2025Q1: 20,815,057 shares; 2025Q2: 23,821,109 shares; 2025Q3: 23,953,452 shares; 2025Q4: 26,820,202 shares 26,820,202$979M4.4%+2,866,750Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,062,607 shares; 2024Q4: 3,015,704 shares; 2025Q1: 3,039,483 shares; 2025Q2: 2,854,413 shares; 2025Q3: 2,770,594 shares; 2025Q4: 3,118,760 shares 3,118,760$976M4.39%+348,166Timeline
VTRSVIATRIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 62,647,266 shares; 2024Q4: 62,573,562 shares; 2025Q1: 64,948,236 shares; 2025Q2: 66,375,520 shares; 2025Q3: 69,345,645 shares; 2025Q4: 78,177,984 shares 78,177,984$973M4.37%+8,832,339Timeline
MKLMARKEL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 289,600 shares; 2024Q4: 370,522 shares; 2025Q1: 371,469 shares; 2025Q2: 371,131 shares; 2025Q3: 373,528 shares; 2025Q4: 415,160 shares 415,160$892M4.01%+41,632Timeline
CTRACOTERRA ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 9,338,141 shares; 2025Q3: 19,883,481 shares; 2025Q4: 32,537,508 shares 32,537,508$856M3.85%+12,654,027Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,062,415 shares; 2024Q4: 3,807,582 shares; 2025Q1: 3,519,954 shares; 2025Q2: 3,269,161 shares; 2025Q3: 3,137,986 shares; 2025Q4: 3,429,262 shares 3,429,262$792M3.56%+291,276Timeline
WFCWELLS FARGO & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,263,227 shares; 2024Q4: 8,635,051 shares; 2025Q1: 8,468,647 shares; 2025Q2: 8,176,423 shares; 2025Q3: 7,786,052 shares; 2025Q4: 8,258,031 shares 8,258,031$770M3.46%+471,979Timeline
TSNTYSON FOODS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,111,577 shares; 2024Q4: 3,080,686 shares; 2025Q1: 4,679,582 shares; 2025Q2: 8,956,466 shares; 2025Q3: 9,962,127 shares; 2025Q4: 12,827,540 shares 12,827,540$752M3.38%+2,865,413Timeline
BRK-ABERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,617 shares; 2024Q4: 1,582 shares; 2025Q1: 1,558 shares; 2025Q2: 1,065 shares; 2025Q3: 998 shares; 2025Q4: 943 shares 943$712M3.2%-55Timeline
TECKTECK RESOURCES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,390,911 shares; 2024Q4: 11,298,820 shares; 2025Q1: 11,190,628 shares; 2025Q2: 11,034,993 shares; 2025Q3: 11,023,662 shares; 2025Q4: 12,019,609 shares 12,019,609$576M2.59%+995,947Timeline
TXNTEXAS INSTRS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,360,962 shares; 2024Q4: 2,350,090 shares; 2025Q1: 2,431,035 shares; 2025Q2: 2,380,207 shares; 2025Q3: 2,317,408 shares; 2025Q4: 2,853,227 shares 2,853,227$495M2.22%+535,819Timeline
SOLVSOLVENTUM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,271,513 shares; 2024Q4: 5,246,614 shares; 2025Q1: 5,288,138 shares; 2025Q2: 5,492,661 shares; 2025Q3: 5,517,611 shares; 2025Q4: 6,220,072 shares 6,220,072$493M2.22%+702,461Timeline
UNHUNITEDHEALTH GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 51,132 shares; 2024Q4: 51,115 shares; 2025Q1: 48,519 shares; 2025Q2: 1,132,885 shares; 2025Q3: 1,139,303 shares; 2025Q4: 1,273,400 shares 1,273,400$420M1.89%+134,097Timeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 746,965 shares; 2024Q4: 717,513 shares; 2025Q1: 678,453 shares; 2025Q2: 553,845 shares; 2025Q3: 533,948 shares; 2025Q4: 739,875 shares 739,875$372M1.67%+205,927Timeline
CBCHUBB LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,178,336 shares; 2024Q4: 1,095,002 shares; 2025Q1: 1,086,389 shares; 2025Q2: 1,071,823 shares; 2025Q3: 1,070,445 shares; 2025Q4: 1,186,647 shares 1,186,647$370M1.66%+116,202Timeline
TCOMTRIP COM GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,746,822 shares; 2024Q4: 3,747,161 shares; 2025Q1: 4,862,997 shares; 2025Q2: 4,949,468 shares; 2025Q3: 4,941,445 shares; 2025Q4: 5,053,389 shares 5,053,389$363M1.63%+111,944Timeline
PINSPINTEREST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 7,892,057 shares; 2025Q4: 11,801,983 shares 11,801,983$306M1.37%+3,909,926Timeline
DGXQUEST DIAGNOSTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,399,103 shares; 2024Q4: 2,397,260 shares; 2025Q1: 2,388,302 shares; 2025Q2: 1,354,420 shares; 2025Q3: 1,361,612 shares; 2025Q4: 1,589,883 shares 1,589,883$276M1.24%+228,271Timeline
QSRRESTAURANT BRANDS INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 3,372,511 shares; 2025Q2: 3,419,715 shares; 2025Q3: 3,542,388 shares; 2025Q4: 4,020,791 shares 4,020,791$274M1.23%+478,403Timeline
OCOWENS CORNING NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,153,295 shares; 2024Q4: 1,811,263 shares; 2025Q1: 1,787,242 shares; 2025Q2: 1,769,093 shares; 2025Q3: 1,777,367 shares; 2025Q4: 2,046,583 shares 2,046,583$229M1.03%+269,216Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 665,676 shares; 2024Q4: 646,956 shares; 2025Q1: 646,697 shares; 2025Q2: 650,390 shares; 2025Q3: 646,051 shares; 2025Q4: 710,963 shares 710,963$223M1%+64,912Timeline
AGCOAGCO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,041,981 shares; 2024Q4: 1,991,357 shares; 2025Q1: 2,027,266 shares; 2025Q2: 1,804,564 shares; 2025Q3: 1,812,922 shares; 2025Q4: 2,048,835 shares 2,048,835$214M0.96%+235,913Timeline
CITHE CIGNA GROUPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,439,871 shares; 2024Q4: 1,431,796 shares; 2025Q1: 1,433,251 shares; 2025Q2: 655,889 shares; 2025Q3: 656,318 shares; 2025Q4: 752,852 shares 752,852$207M0.93%+96,534Timeline
YMMFULL TRUCK ALLIANCE CO LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 5,400,391 shares; 2025Q1: 7,819,344 shares; 2025Q2: 11,635,925 shares; 2025Q3: 14,981,773 shares; 2025Q4: 17,537,524 shares 17,537,524$188M0.85%+2,555,751Timeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,399,528 shares; 2024Q4: 657,723 shares; 2025Q1: 639,852 shares; 2025Q2: 636,042 shares; 2025Q3: 595,626 shares; 2025Q4: 571,586 shares 571,586$184M0.83%-24,040Timeline
DUSADAVIS FUNDAMENTAL ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,385,789 shares; 2024Q4: 3,386,897 shares; 2025Q1: 3,383,338 shares; 2025Q2: 3,383,338 shares; 2025Q3: 3,383,338 shares; 2025Q4: 3,384,566 shares 3,384,566$173M0.78%+1,228Timeline
JBSJBS N.V.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 11,854,741 shares 11,854,741$171M0.77%newTimeline
COPCONOCOPHILLIPSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,407,562 shares; 2024Q4: 1,370,773 shares; 2025Q1: 1,402,068 shares; 2025Q2: 1,585,587 shares; 2025Q3: 1,599,311 shares; 2025Q4: 1,797,887 shares 1,797,887$168M0.76%+198,576Timeline
APPAPPLOVIN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 163,011 shares; 2025Q2: 215,073 shares; 2025Q3: 223,574 shares; 2025Q4: 247,981 shares 247,981$167M0.75%+24,407Timeline
FITBFIFTH THIRD BANCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,435,536 shares; 2024Q4: 2,444,176 shares; 2025Q1: 2,461,119 shares; 2025Q2: 2,512,856 shares; 2025Q3: 2,668,869 shares; 2025Q4: 2,744,310 shares 2,744,310$128M0.58%+75,441Timeline
DINTDAVIS FUNDAMENTAL ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,866,428 shares; 2024Q4: 3,869,214 shares; 2025Q1: 3,890,080 shares; 2025Q2: 3,890,080 shares; 2025Q3: 3,890,080 shares; 2025Q4: 3,892,451 shares 3,892,451$111M0.5%+2,371Timeline
PNCPNC FINL SVCS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 501,736 shares; 2024Q4: 501,629 shares; 2025Q1: 495,808 shares; 2025Q2: 502,357 shares; 2025Q3: 501,817 shares; 2025Q4: 530,089 shares 530,089$111M0.5%+28,272Timeline
DFNLDAVIS FUNDAMENTAL ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,128,485 shares; 2024Q4: 2,129,265 shares; 2025Q1: 2,129,860 shares; 2025Q2: 2,129,860 shares; 2025Q3: 2,129,860 shares; 2025Q4: 2,130,361 shares 2,130,361$103M0.46%+501Timeline
DARDARLING INGREDIENTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,831,571 shares; 2024Q4: 2,378,248 shares; 2025Q1: 2,476,469 shares; 2025Q2: 2,443,570 shares; 2025Q3: 2,453,940 shares; 2025Q4: 2,842,306 shares 2,842,306$102M0.46%+388,366Timeline
PPLIPEOPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,702,142 shares; 2024Q4: 2,635,624 shares; 2025Q1: 2,657,782 shares; 2025Q2: 2,280,775 shares; 2025Q3: 2,243,689 shares; 2025Q4: 2,514,072 shares 2,514,072$98.3M0.44%+270,383Timeline
DWLDDAVIS FUNDAMENTAL ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,916,112 shares; 2024Q4: 1,917,980 shares; 2025Q1: 1,916,287 shares; 2025Q2: 1,916,287 shares; 2025Q3: 1,916,287 shares; 2025Q4: 1,917,460 shares 1,917,460$89.4M0.4%+1,173Timeline
AXPAMERICAN EXPRESS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 287,548 shares; 2024Q4: 274,490 shares; 2025Q1: 271,435 shares; 2025Q2: 270,500 shares; 2025Q3: 247,940 shares; 2025Q4: 241,700 shares 241,700$89.4M0.4%-6,240Timeline
WCCWESCO INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 256,020 shares; 2024Q4: 256,987 shares; 2025Q1: 258,503 shares; 2025Q2: 290,746 shares; 2025Q3: 292,570 shares; 2025Q4: 364,502 shares 364,502$89.2M0.4%+71,932Timeline
RNRRENAISSANCERE HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 141,214 shares; 2024Q4: 142,313 shares; 2025Q1: 143,801 shares; 2025Q2: 143,067 shares; 2025Q3: 143,145 shares; 2025Q4: 229,739 shares 229,739$64.6M0.29%+86,594Timeline
BACBANK OF AMER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,169,687 shares; 2024Q4: 1,170,435 shares; 2025Q1: 1,156,148 shares; 2025Q2: 1,153,397 shares; 2025Q3: 1,150,589 shares; 2025Q4: 1,149,873 shares 1,149,873$63.2M0.28%-716Timeline
LLOEWS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 605,243 shares; 2024Q4: 606,197 shares; 2025Q1: 599,066 shares; 2025Q2: 597,343 shares; 2025Q3: 595,697 shares; 2025Q4: 600,046 shares 600,046$63.2M0.28%+4,349Timeline
RKTROCKET COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,163,759 shares; 2024Q4: 3,170,939 shares; 2025Q1: 3,139,289 shares; 2025Q2: 3,132,678 shares; 2025Q3: 3,134,234 shares; 2025Q4: 3,227,910 shares 3,227,910$62.5M0.28%+93,676Timeline
CHYMCHIME FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,399,166 shares; 2025Q4: 2,472,106 shares 2,472,106$62.2M0.28%+72,940Timeline
BNYBANK OF NY MELLON CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,366,975 shares; 2024Q4: 2,136,974 shares; 2025Q1: 1,910,645 shares; 2025Q2: 1,898,430 shares; 2025Q3: 1,010,681 shares; 2025Q4: 521,722 shares 521,722$60.6M0.27%-488,959Timeline
NTESNETEASE COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 597,320 shares; 2025Q1: 596,114 shares; 2025Q2: 593,347 shares; 2025Q3: 594,740 shares; 2025Q4: 426,164 shares 426,164$58.6M0.26%-168,576Timeline
SESEA LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 649,028 shares; 2024Q4: 638,014 shares; 2025Q1: 514,628 shares; 2025Q2: 448,305 shares; 2025Q3: 440,594 shares; 2025Q4: 436,534 shares 436,534$55.7M0.25%-4,060Timeline
NTBBANK OF N T BUTTERFIELD & SOQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,070,712 shares; 2024Q4: 1,076,424 shares; 2025Q1: 1,068,441 shares; 2025Q2: 1,062,264 shares; 2025Q3: 1,058,793 shares; 2025Q4: 1,053,710 shares 1,053,710$52.5M0.24%-5,083Timeline
EGEVEREST GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 38,883 shares; 2024Q4: 39,212 shares; 2025Q1: 39,662 shares; 2025Q2: 39,500 shares; 2025Q3: 39,428 shares; 2025Q4: 118,017 shares 118,017$40M0.18%+78,589Timeline
FISVFISERV INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 568,982 shares 568,982$38.2M0.17%newTimeline
VALEVALE S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,733,513 shares; 2025Q2: 2,948,514 shares; 2025Q3: 2,931,198 shares; 2025Q4: 2,931,198 shares 2,931,198$38.2M0.17%0Timeline
SCHWCHARLES SCHWAB CORP (THE)Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 299,705 shares; 2024Q4: 300,056 shares; 2025Q1: 297,606 shares; 2025Q2: 296,438 shares; 2025Q3: 296,441 shares; 2025Q4: 301,695 shares 301,695$30.1M0.14%+5,254Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 258,140 shares; 2024Q4: 254,991 shares; 2025Q1: 256,523 shares; 2025Q2: 247,956 shares; 2025Q3: 52,306 shares; 2025Q4: 60,801 shares 60,801$29.4M0.13%+8,495Timeline
BEKEKE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,880,528 shares; 2024Q4: 3,647,872 shares; 2025Q1: 1,860,528 shares; 2025Q2: 1,852,812 shares; 2025Q3: 1,851,804 shares; 2025Q4: 1,851,804 shares 1,851,804$29.2M0.13%0Timeline
IVEISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,698 shares; 2024Q4: 197,175 shares; 2025Q1: 19,712 shares; 2025Q2: 10,978 shares; 2025Q3: 6,614 shares; 2025Q4: 127,053 shares 127,053$26.9M0.12%+120,439Timeline
JCIJOHNSON CONTROLS INTERNATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 463,669 shares; 2024Q4: 403,534 shares; 2025Q1: 404,164 shares; 2025Q2: 245,323 shares; 2025Q3: 186,004 shares; 2025Q4: 209,960 shares 209,960$25.1M0.11%+23,956Timeline
PLDPROLOGIS INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 246,846 shares; 2024Q4: 179,096 shares; 2025Q1: 171,756 shares; 2025Q2: 129,226 shares; 2025Q3: 198,166 shares; 2025Q4: 180,126 shares 180,126$23M0.1%-18,040Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 89,135 shares; 2025Q3: 89,795 shares; 2025Q4: 111,038 shares 111,038$20.7M0.09%+21,243Timeline
STTSTATE STR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 60,809 shares; 2024Q4: 63,111 shares; 2025Q1: 72,704 shares; 2025Q2: 72,251 shares; 2025Q3: 103,785 shares; 2025Q4: 143,773 shares 143,773$18.5M0.08%+39,988Timeline
EQIXEQUINIX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 19,328 shares; 2024Q4: 19,198 shares; 2025Q1: 15,373 shares; 2025Q2: 15,663 shares; 2025Q3: 21,803 shares; 2025Q4: 20,773 shares 20,773$15.9M0.07%-1,030Timeline
BXPBXP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 152,800 shares; 2024Q4: 152,800 shares; 2025Q1: 203,440 shares; 2025Q2: 209,630 shares; 2025Q3: 239,760 shares; 2025Q4: 233,910 shares 233,910$15.8M0.07%-5,850Timeline
ORCLORACLE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 138,268 shares; 2024Q4: 137,210 shares; 2025Q1: 136,380 shares; 2025Q2: 131,574 shares; 2025Q3: 67,052 shares; 2025Q4: 79,416 shares 79,416$15.5M0.07%+12,364Timeline
BRXBRIXMOR PPTY GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 494,490 shares; 2024Q4: 491,270 shares; 2025Q1: 484,360 shares; 2025Q2: 498,390 shares; 2025Q3: 570,000 shares; 2025Q4: 555,970 shares 555,970$14.6M0.07%-14,030Timeline
AVBAVALONBAY CMNTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 56,610 shares; 2024Q4: 56,220 shares; 2025Q1: 56,650 shares; 2025Q2: 57,820 shares; 2025Q3: 66,580 shares; 2025Q4: 78,840 shares 78,840$14.3M0.06%+12,260Timeline
SAPSAP SEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 99,355 shares; 2024Q4: 97,487 shares; 2025Q1: 76,126 shares; 2025Q2: 46,769 shares; 2025Q3: 46,787 shares; 2025Q4: 56,347 shares 56,347$13.7M0.06%+9,560Timeline
REXRREXFORD INDL RLTY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 209,250 shares; 2024Q4: 339,590 shares; 2025Q1: 363,620 shares; 2025Q2: 375,010 shares; 2025Q3: 395,150 shares; 2025Q4: 344,830 shares 344,830$13.4M0.06%-50,320Timeline
CUZCOUSINS PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 620,015 shares; 2024Q4: 504,215 shares; 2025Q1: 446,935 shares; 2025Q2: 460,235 shares; 2025Q3: 512,355 shares; 2025Q4: 499,615 shares 499,615$12.9M0.06%-12,740Timeline
ANGIANGI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,181,911 shares; 2025Q3: 949,006 shares; 2025Q4: 948,993 shares 948,993$12.3M0.06%-13Timeline
DLRDIGITAL RLTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 101,175 shares; 2024Q4: 90,645 shares; 2025Q1: 67,130 shares; 2025Q2: 68,460 shares; 2025Q3: 81,280 shares; 2025Q4: 79,250 shares 79,250$12.3M0.06%-2,030Timeline
SPGSIMON PPTY GROUP INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 83,580 shares; 2024Q4: 80,720 shares; 2025Q1: 68,033 shares; 2025Q2: 58,723 shares; 2025Q3: 76,733 shares; 2025Q4: 66,183 shares 66,183$12.3M0.06%-10,550Timeline
SHOSUNSTONE HOTEL INVS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 807,870 shares; 2024Q4: 802,620 shares; 2025Q1: 791,730 shares; 2025Q2: 1,155,480 shares; 2025Q3: 1,311,800 shares; 2025Q4: 1,279,610 shares 1,279,610$11.4M0.05%-32,190Timeline
PSAPUBLIC STORAGEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 54,520 shares; 2024Q4: 50,090 shares; 2025Q1: 49,760 shares; 2025Q2: 40,400 shares; 2025Q3: 44,610 shares; 2025Q4: 43,520 shares 43,520$11.3M0.05%-1,090Timeline
MTBM & T BK CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 48,565 shares; 2024Q4: 49,678 shares; 2025Q1: 51,185 shares; 2025Q2: 50,948 shares; 2025Q3: 51,027 shares; 2025Q4: 55,846 shares 55,846$11.3M0.05%+4,819Timeline
AMTAMERICAN TOWER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 75,940 shares; 2024Q4: 89,530 shares; 2025Q1: 88,940 shares; 2025Q2: 91,650 shares; 2025Q3: 65,670 shares; 2025Q4: 63,970 shares 63,970$11.2M0.05%-1,700Timeline
NOAHNOAH HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,666,249 shares; 2024Q4: 1,665,696 shares; 2025Q1: 1,654,817 shares; 2025Q2: 1,021,585 shares; 2025Q3: 1,021,585 shares; 2025Q4: 1,021,585 shares 1,021,585$10.3M0.05%0Timeline
CPTCAMDEN PPTY TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 69,820 shares; 2024Q4: 69,380 shares; 2025Q1: 76,510 shares; 2025Q2: 78,650 shares; 2025Q3: 89,120 shares; 2025Q4: 86,930 shares 86,930$9.57M0.04%-2,190Timeline
TFCTRUIST FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 137,238 shares; 2024Q4: 145,379 shares; 2025Q1: 156,431 shares; 2025Q2: 155,845 shares; 2025Q3: 156,437 shares; 2025Q4: 192,053 shares 192,053$9.45M0.04%+35,616Timeline
JDJD.COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 867,641 shares; 2024Q4: 355,833 shares; 2025Q1: 345,461 shares; 2025Q2: 343,487 shares; 2025Q3: 341,711 shares; 2025Q4: 329,221 shares 329,221$9.45M0.04%-12,490Timeline
REGREGENCY CTRS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 119,660 shares; 2024Q4: 118,830 shares; 2025Q1: 118,140 shares; 2025Q2: 121,830 shares; 2025Q3: 140,110 shares; 2025Q4: 136,650 shares 136,650$9.43M0.04%-3,460Timeline
EGPEASTGROUP PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 39,660 shares; 2024Q4: 44,440 shares; 2025Q1: 44,750 shares; 2025Q2: 46,130 shares; 2025Q3: 52,940 shares; 2025Q4: 51,630 shares 51,630$9.2M0.04%-1,310Timeline
AMHAMERICAN HOMES 4 RENTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 218,090 shares; 2024Q4: 216,670 shares; 2025Q1: 243,120 shares; 2025Q2: 250,360 shares; 2025Q3: 285,600 shares; 2025Q4: 278,610 shares 278,610$8.94M0.04%-6,990Timeline
VTRVENTAS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 281,230 shares; 2024Q4: 251,750 shares; 2025Q1: 250,190 shares; 2025Q2: 203,350 shares; 2025Q3: 117,330 shares; 2025Q4: 114,410 shares 114,410$8.85M0.04%-2,920Timeline
AREALEXANDRIA REAL ESTATE EQ INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 142,057 shares; 2024Q4: 150,197 shares; 2025Q1: 151,317 shares; 2025Q2: 156,187 shares; 2025Q3: 180,157 shares; 2025Q4: 178,127 shares 178,127$8.72M0.04%-2,030Timeline
MAAMID-AMER APT CMNTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 35,660 shares; 2024Q4: 35,660 shares; 2025Q1: 51,450 shares; 2025Q2: 53,050 shares; 2025Q3: 60,860 shares; 2025Q4: 59,380 shares 59,380$8.25M0.04%-1,480Timeline
CDPCOPT DEFENSE PROPERTIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 147,490 shares; 2025Q3: 302,120 shares; 2025Q4: 294,740 shares 294,740$8.19M0.04%-7,380Timeline
DOCHEALTHPEAK PROPERTIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 250,166 shares; 2024Q4: 248,366 shares; 2025Q1: 246,806 shares; 2025Q2: 389,186 shares; 2025Q3: 446,866 shares; 2025Q4: 435,936 shares 435,936$7.01M0.03%-10,930Timeline
TRNOTERRENO RLTY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 102,237 shares; 2024Q4: 101,477 shares; 2025Q1: 100,827 shares; 2025Q2: 104,197 shares; 2025Q3: 120,907 shares; 2025Q4: 117,937 shares 117,937$6.92M0.03%-2,970Timeline
VMRKVIVMARK RESIDENTIALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 101,105 shares; 2024Q4: 100,455 shares; 2025Q1: 99,855 shares; 2025Q2: 101,725 shares; 2025Q3: 107,215 shares; 2025Q4: 104,515 shares 104,515$6.59M0.03%-2,700Timeline
VICIVICI PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 146,190 shares; 2024Q4: 145,300 shares; 2025Q1: 143,440 shares; 2025Q2: 169,740 shares; 2025Q3: 221,610 shares; 2025Q4: 216,240 shares 216,240$6.08M0.03%-5,370Timeline
CHCTCOMMUNITY HEALTHCARE TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 215,630 shares; 2024Q4: 215,630 shares; 2025Q1: 301,740 shares; 2025Q2: 332,280 shares; 2025Q3: 333,190 shares; 2025Q4: 325,560 shares 325,560$5.35M0.02%-7,630Timeline
SUISUN CMNTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 26,100 shares; 2024Q4: not reported; 2025Q1: 25,040 shares; 2025Q2: 38,370 shares; 2025Q3: 43,950 shares; 2025Q4: 42,840 shares 42,840$5.31M0.02%-1,110Timeline
OREALTY INCOME CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 48,870 shares; 2025Q3: 93,580 shares; 2025Q4: 91,390 shares 91,390$5.15M0.02%-2,190Timeline
ESSESSEX PPTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 33,451 shares; 2024Q4: 33,241 shares; 2025Q1: 27,731 shares; 2025Q2: 28,541 shares; 2025Q3: 16,951 shares; 2025Q4: 16,511 shares 16,511$4.32M0.02%-440Timeline
UDRUDR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 197,320 shares; 2024Q4: 195,910 shares; 2025Q1: 158,610 shares; 2025Q2: 161,990 shares; 2025Q3: 186,190 shares; 2025Q4: 113,280 shares 113,280$4.16M0.02%-72,910Timeline
SNPSSYNOPSYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 8,655 shares; 2025Q4: 8,655 shares 8,655$4.07M0.02%0Timeline
CCICROWN CASTLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 41,550 shares; 2024Q4: 41,260 shares; 2025Q1: 41,000 shares; 2025Q2: 42,300 shares; 2025Q3: 43,240 shares; 2025Q4: 42,160 shares 42,160$3.75M0.02%-1,080Timeline
EXREXTRA SPACE STORAGE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 61,495 shares; 2024Q4: 61,085 shares; 2025Q1: 56,785 shares; 2025Q2: 56,765 shares; 2025Q3: 55,055 shares; 2025Q4: 27,955 shares 27,955$3.64M0.02%-27,100Timeline
HPPHUDSON PACIFIC PROPERTIES INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 324,026 shares 324,026$3.51M0.02%newTimeline
DEIDOUGLAS EMMETT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 124,690 shares; 2024Q4: 124,690 shares; 2025Q1: 268,820 shares; 2025Q2: 276,750 shares; 2025Q3: 317,600 shares; 2025Q4: 309,810 shares 309,810$3.4M0.02%-7,790Timeline
NTSTNETSTREIT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 114,960 shares; 2025Q2: 220,510 shares; 2025Q3: 342,410 shares; 2025Q4: 189,600 shares 189,600$3.34M0.02%-152,810Timeline
CUBECUBESMARTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 90,930 shares 90,930$3.28M0.01%newTimeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 7,200 shares; 2025Q3: 7,200 shares; 2025Q4: 7,200 shares 7,200$2.19M0.01%0Timeline
LRCXLAM RESEARCH CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 12,280 shares; 2025Q1: 12,280 shares; 2025Q2: 12,280 shares; 2025Q3: 12,280 shares; 2025Q4: 12,280 shares 12,280$2.1M0.01%0Timeline
CCKCROWN HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,570 shares; 2024Q4: 8,570 shares; 2025Q1: 8,570 shares; 2025Q2: 8,570 shares; 2025Q3: 8,570 shares; 2025Q4: 8,570 shares 8,570$882K<0.01%0Timeline

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
HUMHUMANA INC385,539$100Mshares
HPPHUDSON PAC PPTYS INC2,300,183$6.35Mshares
RHRH2,240$455Kshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001036325-26-000004 base2026-02-02acceptance time not in the bulk data set