Davis New York Venture Fund
(portfolio of Davis New York Venture Fund, Inc.)
April 30, 2026
The Equity Specialists
DAVIS NEW YORK VENTURE FUND
Schedule of Investments
April 30, 2026 (Unaudited)
 
 
Shares
Value
COMMON STOCK – (94.94%)
COMMUNICATION SERVICES – (10.64%)
Media & Entertainment – (10.64%)
Alphabet Inc., Class A 
968,626
$372,727,285
Angi Inc., Class A *
591,174
4,339,217
ASAC II L.P. *(a)(b)(c)
4,156,451
4,487,305
IAC Inc. *
1,125,830
50,166,985
Meta Platforms, Inc., Class A 
467,872
286,295,555
Pinterest, Inc., Class A *
4,095,200
80,511,632
Total Communication Services
798,527,979
CONSUMER DISCRETIONARY – (11.27%)
Consumer Discretionary Distribution & Retail – (5.61%)
Amazon.com, Inc. *
1,035,579
274,490,570
Naspers Ltd. - N (South Africa) 
311,145
16,848,470
Prosus N.V., Class N (Netherlands) 
2,673,416
129,427,992
 
420,767,032
Consumer Services – (5.66%)
MGM Resorts International *
7,526,040
293,063,998
Restaurant Brands International Inc.
(Canada) 
611,890
49,367,285
Trip.com Group Ltd., ADR (China) *
1,512,420
81,988,288
 
424,419,571
Total Consumer Discretionary
845,186,603
CONSUMER STAPLES – (4.77%)
Food, Beverage & Tobacco – (4.77%)
JBS N.V., Class A (Brazil) 
7,636,500
122,642,190
Tyson Foods, Inc., Class A 
3,666,401
234,906,312
Total Consumer Staples
357,548,502
ENERGY – (8.34%)
ConocoPhillips 
598,160
75,236,565
Devon Energy Corp. (formerly Coterra
Energy Inc.)  
11,020,263
395,737,644
Tourmaline Oil Corp. (Canada) 
3,185,980
154,332,451
Total Energy
625,306,660
FINANCIALS – (26.79%)
Banks – (8.64%)
Danske Bank A/S (Denmark) 
2,796,657
143,771,897
U.S. Bancorp 
6,507,680
368,725,149
Wells Fargo & Co. 
1,647,744
135,493,989
 
647,991,035
Financial Services – (10.93%)
Capital Markets – (1.71%)
Julius Baer Group Ltd. (Switzerland) 
1,562,940
128,468,819
Consumer Finance – (5.69%)
Capital One Financial Corp. 
2,230,090
426,616,217
Financial Services – (3.53%)
Berkshire Hathaway Inc., Class A *
372
264,826,800
 
819,911,836
Insurance – (7.22%)
Life & Health Insurance – (3.90%)
AIA Group Ltd. (Hong Kong) 
9,068,390
99,559,706
Ping An Insurance (Group) Co. of China,
Ltd. - H (China) 
23,747,300
193,020,380
 
292,580,086
 
Shares
Value
COMMON STOCK – (CONTINUED)
FINANCIALS – (CONTINUED)
Insurance – (Continued)
Property & Casualty Insurance – (3.32%)
Chubb Ltd. 
379,170
$123,988,590
Markel Group Inc. *
70,672
125,264,000
 
249,252,590
 
541,832,676
Total Financials
2,009,735,547
HEALTH CARE – (15.25%)
Health Care Equipment & Services – (11.20%)
Cigna Group 
662,099
192,392,728
CVS Health Corp. 
3,822,990
318,416,837
Quest Diagnostics Inc. 
360,020
69,915,884
Solventum Corp. *
1,586,440
106,862,598
UnitedHealth Group Inc. 
410,500
152,082,040
 
839,670,087
Pharmaceuticals, Biotechnology & Life Sciences – (4.05%)
Viatris Inc. 
20,344,401
303,945,351
Total Health Care
1,143,615,438
INDUSTRIALS – (3.37%)
Capital Goods – (2.20%)
AGCO Corp. 
660,776
79,967,112
Orascom Construction PLC (United Arab
Emirates) 
1,446,001
17,091,289
Owens Corning 
550,921
67,950,596
 
165,008,997
Transportation – (1.17%)
DiDi Global Inc., Class A, ADS (China) *
24,056,988
87,567,436
Total Industrials
252,576,433
INFORMATION TECHNOLOGY – (10.55%)
Semiconductors & Semiconductor Equipment – (4.92%)
Applied Materials, Inc. 
256,272
101,096,741
Texas Instruments Inc. 
953,962
268,139,639
 
369,236,380
Software & Services – (1.49%)
SAP SE (Germany) 
665,350
111,707,649
Technology Hardware & Equipment – (4.14%)
Samsung Electronics Co., Ltd. (South
Korea) 
2,061,550
310,443,836
Total Information Technology
791,387,865
MATERIALS – (3.96%)
LyondellBasell Industries N.V. 
1,887,760
140,826,896
OCI N.V. (Netherlands) 
1,822,154
7,714,600
Teck Resources Ltd., Class B (Canada) 
2,544,482
148,674,083
Total Materials
297,215,579
TOTAL COMMON STOCK –
(Identified cost $4,252,350,018)
7,121,100,606
 
 
Principal
Value
SHORT-TERM INVESTMENTS – (4.98%)
Brean Capital LLC Joint Repurchase
Agreement, 3.66%, 05/01/26  (d)
$43,758,000
$43,758,000
1
DAVIS NEW YORK VENTURE FUND
Schedule of Investments - (Continued)
April 30, 2026 (Unaudited)
 
Principal
Value
SHORT-TERM INVESTMENTS – (CONTINUED)
Nomura Securities International, Inc. Joint
Repurchase Agreement, 3.62%, 05/01/26
 (e)
$87,517,000
$87,517,000
StoneX Financial Inc. Joint Repurchase
Agreement, 3.66%, 05/01/26  (f)
242,394,000
242,394,000
TOTAL SHORT-TERM INVESTMENTS –
(Identified cost $373,669,000)
373,669,000
Total Investments – (99.92%) –
(Identified cost $4,626,019,018)
7,494,769,606
Other Assets Less Liabilities – (0.08%)
5,683,277
Net Assets – (100.00%)
$7,500,452,883
 
ADR:
American Depositary Receipt
ADS:
American Depositary Share
 
*
Non-income producing security.
(a)
Restricted securities are not registered under the Securities Act of 1933
and may have contractual restrictions on resale. They are fair valued under
methods approved by the Pricing Committee. The aggregate value of
restricted securities amounted to $4,487,305 or 0.06% of the Fund's net
assets as of April 30, 2026.
(b)
The value of this security was determined using significant unobservable
inputs.
(c)
Limited partnership units.
(d)
Dated 04/30/26, repurchase value of $43,762,449 (collateralized
by: U.S. Government agency mortgages and obligation in a pooled cash
account, 2.089%-7.50%, 08/25/36-02/20/76, total fair value
$44,633,160).
(e)
Dated 04/30/26, repurchase value of $87,525,800 (collateralized
by: U.S. Government agency mortgages and obligation in a pooled cash
account, 0.00%-6.00%, 04/15/30-04/20/56, total fair value $89,267,340).
(f)
Dated 04/30/26, repurchase value of $242,418,643 (collateralized
by: U.S. Government agency mortgages and obligations in a pooled cash
account, 0.00%-9.00%, 05/07/26-08/15/64, total fair value
$247,241,880).
Please refer to “Notes to Schedule of Investments” on page 3 for the Fund's policy regarding valuation of investments.
For information regarding the Fund's other significant accounting policies, please refer to the Fund's most recent Financial Statements.
2
DAVIS NEW YORK VENTURE FUND
Notes to Schedule of Investments
April 30, 2026 (Unaudited)
Security Valuation - The Fund’s Board of Directors has designated Davis Selected Advisers, L.P. (“Adviser”), the Fund's investment adviser, as the valuation designee for the Fund. The Adviser has established a Pricing Committee to carry out the day-to-day valuation activities for the Fund. The Fund calculates the net asset value of its shares as of the close of the New York Stock Exchange (“Exchange”), normally 4:00 P.M. Eastern time, on each day the Exchange is open for business. Securities listed on the Exchange (and other national exchanges including NASDAQ) are valued at the last reported sales price on the day of valuation. Listed securities for which no sale was reported on that date are valued at the last quoted bid price. Securities traded on foreign exchanges are valued based upon the last sales price on the principal exchange on which the security is traded prior to the time when the Fund’s assets are valued. Securities (including restricted securities) for which market quotations are not readily available or securities whose values have been materially affected by what the Adviser identifies as a significant event occurring before the Fund’s assets are valued, but after the close of their respective exchanges, will be fair valued using a fair valuation methodology applicable to the security type or the significant event as previously approved by the Pricing Committee. The Pricing Committee considers all facts it deems relevant that are reasonably available, through either public information or information available to the Adviser’s portfolio management team, when determining the fair value of a security. To assess the appropriateness of security valuations, the Pricing Committee may consider (i) comparing prior day prices and/or prices of comparable securities; (ii) comparing sale prices to the prior or current day prices and challenge those prices exceeding certain tolerance levels with the third-party pricing service or broker source; (iii) new rounds of financing; (iv) the performance of the market or the issuer’s industry; (v) the liquidity of the security; (vi) the size of the holding in a fund; and/or (vii) any other appropriate information. The determination of a security’s fair value price often involves the consideration of a number of subjective factors and is therefore subject to the unavoidable risk that the value assigned to a security may be higher or lower than the security’s value would be if a reliable market quotation for the security was readily available.
Short-term investments purchased within 60 days to maturity and of sufficient credit quality are valued at amortized cost, which approximates fair value.
On a quarterly basis, the Board of Directors receives reports of valuation actions taken by the Pricing Committee. On at least an annual basis, the Board of Directors receives an assessment of the adequacy and effectiveness of the Adviser’s process for determining the fair value of the Fund’s investments.
Fair Value Measurements - Fair value is defined as the price that the Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal market for the investment. Various inputs are used to determine the fair value of the Fund’s investments. These inputs are summarized in the three broad levels listed below.
Level 1 − 
quoted prices in active markets for identical securities
Level 2 − 
other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)
Level 3 − 
significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)
The inputs or methodologies used for valuing securities are not necessarily an indication of the risks associated with investing in those securities nor can it be assured that the Fund can obtain the fair value assigned to a security if it were to sell the security.
3
DAVIS NEW YORK VENTURE FUND
Notes to Schedule of Investments - (Continued)
April 30, 2026 (Unaudited)
Security Valuation - (Continued)
Fair Value Measurements - (Continued)
The following is a summary of the inputs used as of April 30, 2026 in valuing the Fund's investments carried at value:
 
 
Investments in Securities at Value
 
Valuation Inputs
 
Level 1:
Quoted Prices
Level 2:
Other Significant
Observable
Inputs*
Level 3:
Significant
Unobservable
Inputs
Total
Common Stock:
Communication Services
$794,040,674
$–
$4,487,305
$798,527,979
Consumer Discretionary
698,910,141
146,276,462
–
845,186,603
Consumer Staples
357,548,502
–
–
357,548,502
Energy
625,306,660
–
–
625,306,660
Financials
1,444,914,745
564,820,802
–
2,009,735,547
Health Care
1,143,615,438
–
–
1,143,615,438
Industrials
235,485,144
17,091,289
–
252,576,433
Information Technology
369,236,380
422,151,485
–
791,387,865
Materials
289,500,979
7,714,600
–
297,215,579
Short-Term Investments
–
373,669,000
–
373,669,000
Total Investments
$5,958,558,663
$1,531,723,638
$4,487,305
$7,494,769,606
 
*
Includes certain securities trading primarily outside the U.S. whose value the Fund adjusted as a result of significant market movements following the close of
local trading.
The following table reconciles the valuation of assets in which significant unobservable inputs (Level 3) were used in determining fair value during the nine months ended April 30, 2026. The net change in unrealized appreciation (depreciation) during the period on Level 3 securities still held at April 30, 2026 was $313,812. The cost of purchases or proceeds from sales may include securities received or delivered through corporate actions or exchanges.
 
 
Beginning
Balance at
August 1,
2025
Cost of
Purchases
Proceeds
from Sales
Net Change in
Unrealized
Appreciation
(Depreciation)
Net Realized
Gain (Loss)
Transfers
into
Level 3
Transfers
out of
Level 3
Ending
Balance at
April 30,
2026
Investments in
Securities:
Common
Stock
$4,173,493
$–
$–
$313,812
$–
$–
$–
$4,487,305
Total Level 3
$4,173,493
$–
$–
$313,812
$–
$–
$–
$4,487,305
4
DAVIS NEW YORK VENTURE FUND
Notes to Schedule of Investments - (Continued)
April 30, 2026 (Unaudited)
Security Valuation - (Continued)
Fair Value Measurements - (Continued)
The following table is a summary of those assets in which significant unobservable inputs (Level 3) were used by the Adviser in determining fair value. Note that these amounts exclude any valuations provided by a pricing service or broker.
 
 
Fair Value at
April 30, 2026
Valuation
Technique
Unobservable
Input
Amount
Impact to
Valuation from
an Increase in Input
Investments in Securities:
 
 
 
 
Common Stock
$4,487,305
Income Approach /
Discounted Cash Flow
Annualized Yield
4.787%
Decrease
Total Level 3
$4,487,305
 
 
 
 
The significant unobservable input listed in the above table is used in the fair value measurement of common stock, and if changed, would affect the fair value of the Fund’s investments. The “Impact to Valuation from an Increase in Input” represents the change in fair value measurement resulting from an increase in the corresponding input. A decrease in the input would have the opposite effect.
Federal Income Taxes
At April 30, 2026, the aggregate cost of investments and unrealized appreciation (depreciation) for federal income tax purposes were as follows:
 
 
 
Cost
$4,654,146,307
 
Unrealized appreciation
3,090,375,858
Unrealized depreciation
(249,752,559
)
Net unrealized appreciation
$2,840,623,299
5