Overview

Investment Strategy

The goal of the Davis Global Equity strategy is to provide a unique, actively managed solution for investors seeking to access highly durable, well-managed businesses in the U.S. and abroad in both developed and developing markets.
 
Our Portfolio represents our highest conviction ideas in companies with long-term competitive advantages as well as strong and resilient earnings power. Based on our rigorous fundamental research, we seek to purchase companies at value prices and hold them for the long term.
 
Given our high conviction, benchmark agnostic approach, we believe the research-intensive Davis Global Equity strategy merits consideration by institutional investors seeking truly active strategies.
 
Drawing upon over 50 years of experience in the business, our approach can make Davis Global Equity a potential foundation for diversified equity portfolios.

Portfolio Manager

Danton G. Goei
30 Years Industry Experience
28 Years at Davis Advisors
View Bio

Resources

Document
Factsheet
Performance Update

Performance as of 6/30/26

Average Annual Returns

Portfolio 2Q26 1 Yr 3 Yr 5 Yr 10 Yr Incep
Global Equity (Gross) 6.33% 14.33% 19.12% 7.22% 11.88% 9.42%
Global Equity (Net) 6.25% 13.91% 18.70% 6.82% 11.43% 8.86%
MSCI ACWI 14.93% 23.67% 19.68% 10.98% 12.78% 8.64%

The performance presented represents past performance and is not a guarantee of future results. Total return assumes reinvestment of dividends. Investment return and principal value will vary so that an investor may lose money. Current performance may be higher or lower. The investment strategies described herein are those of Davis Advisors. These materials are being provided for illustrative and informational purposes only. The information contained herein is obtained from multiple sources that are believed to be reliable. However, such information has not been verified, and may be different from the information included in documents and materials created by the sponsor firm in whose investment program a client participates. Some sponsor firms may require that these materials are preceded or accompanied by investment profiles or other documents or materials prepared by such sponsor firms, which will be provided upon a client’s request. For additional information, documents and/or materials, please speak to your Financial Advisor. For additional information, documents and/or materials, please speak to your Financial Advisor. Davis Advisors fee schedules are described in Part 2 of its Form ADV.

Portfolio Characteristics as of 6/30/26

Portfolio Composition

Item Global Equity Portfolio MSCI ACWI®
P/E (Forward) 12.7x 19.3x
5 Year Earnings Growth 30.0% 23.3%
P/B Ratio 2.9 4.3
Beta 1.0% 1.0%
Number of Holdings 36 2460
Weighted Average Market Cap ($bn) 257.1 892.3
Median Market Cap ($bn) 48.1 17.6

Portfolio Holdings

Top 10 Holdings: Quarterly (as of 6/30/26)

Holding Ticker Global Equity MSCI ACWI®
Full Truck Alliance YMM 5.6% < 0.1%
Trip.com Group TCOM 5.0%
MGM Resorts MGM 4.7%
Devon Energy DVN 4.5% < 0.1%
Samsung Electronics 005930 KS 4.5% 1.0%
Sea SE 4.4% < 0.1%
Viatris VTRS 4.4%
Julius Baer Group BAER SE 4.3% < 0.1%
CVS Health CVS 4.3% 0.1%
AppLovin APP 4.1% 0.1%
Total 45.7% 1.4%

All Holdings: Quarterly (as of 6/30/26)

Holding Ticker Global Equity MSCI ACWI®
Full Truck Alliance YMM 5.6% < 0.1%
Trip.com Group TCOM 5.0%
MGM Resorts MGM 4.7%
Devon Energy DVN 4.5% < 0.1%
Samsung Electronics 005930 KS 4.5% 1.0%
Sea SE 4.4% < 0.1%
Viatris VTRS 4.4%
Julius Baer Group BAER SE 4.3% < 0.1%
CVS Health CVS 4.3% 0.1%
AppLovin APP 4.1% 0.1%
JBS JBS 4.0%
Prosus PRX 3.8% 0.1%
Tyson Foods TSN 3.0% < 0.1%
Capital One Financial COF 3.0% 0.1%
DiDi Global DIDIY 2.9%
Meta Platforms META 2.8% 1.2%
Amazon.com AMZN 2.7% 2.3%
Solventum SOLV 2.5%
SANY Heavy Industry 6031 HK 2.3%
Silergy 6415 TT 2.2%
Alphabet GOOGL 2.2% 3.7%
SAP SAP GR 2.0% 0.2%
Meituan 3690 HK 2.0% < 0.1%
Markel Group MKL 2.0% < 0.1%
UnitedHealth Group UNH 1.8% 0.4%
LyondellBasell Industries LYB 1.8% < 0.1%
NetEase NTES 1.7% < 0.1%
Ping An Insurance Group 2318 HK 1.7% < 0.1%
AIA Group 1299 HK 1.6% 0.1%
AUMOVIO AMV0 GR 1.5%
Cigna Group CI 1.5% 0.1%
Entain ENT LN 1.5%
ITOCHU 8001 JP 1.4% 0.1%
Pinterest PINS 0.9%
Berkshire Hathaway BRK B 0.6% 0.7%
CASH N.A. 1.3%

Sector Allocation

Sector Global Equity MSCI ACWI®
Consumer Discretionary 25.9% 8.7%
Health Care 14.6% 8.3%
Financials 13.3% 16.2%
Information Technology 12.9% 32.1%
Industrials 12.2% 11.0%
Communication Services 7.6% 7.8%
Consumer Staples 7.1% 4.7%
Energy 4.6% 3.5%
Materials 1.8% 3.6%
Utilities 2.5%
Real Estate 1.6%

Regional Allocation

Region Global Equity MSCI ACWI®
United States 47.1% 63.6%
Asia 35.6% 16.8%
Europe 13.3% 14.1%
South America 4.0% 0.6%
North & Central America Ex US 3.1%
Australia/Oceania 1.4%
Africa 0.4%

Country Allocation - Top 10

Country Global Equity MSCI ACWI®
United States 47.1% 63.6%
China 21.3% 2.3%
Korea, Republic of (South Korea) 4.5% 2.9%
Singapore 4.5% 0.4%
Switzerland 4.4% 2.0%
Brazil 4.0% 0.5%
Netherlands 3.9% 1.4%
Germany 3.6% 1.9%
Taiwan, Province of China 2.3% 3.3%
Hong Kong 1.6% 0.4%
Top 10 Countries Total % of Portfolio 97.2% 78.7%

Developed vs Emerging Markets

Market Global Equity MSCI ACWI®
United States 47.1% 63.6%
Emerging Markets 29.8% 11.8%
Developed Ex US 23.1% 24.4%

Factsheet

Fact Sheets

Document Description Date
Portfolio Fact Sheet Goals of the Portfolio, types of companies in the Portfolio, top holdings, Portfolio characteristics, and historical performance. June 2026
Performance Update Quarterly update of portfolio performance. June 2026