Davis Selected Advisers

What Davis Selected Advisers does

Davis Selected Advisers, L.P. is an independent, employee-owned investment management firm founded in 1968 by Shelby M.C. Davis and headquartered in Tucson, Arizona. The firm specializes in active equity management with a long-term, concentrated value investing philosophy, managing approximately $25 billion in assets as of 2025 across nine mutual funds, three variable account funds, ETFs, and four separately managed account (SMA) portfolios. Its product suite covers U.S. large-cap (Davis NY Venture), international and global equities (Davis International, Davis Global), sector strategies (Davis Financial, Davis Real Estate), balanced and fixed income (Davis Balanced, Government Bond, Government Money Market), and SMAs (Large Cap Value, All-Cap, International ADR, Global ADR). Portfolios are concentrated at 38-40 holdings versus 2,500+ in benchmarks, with active share of 91-96%, and the firm markets through financial advisors, broker-dealers, and direct institutional channels supported by Regional Representatives and Dealer Services teams. Revenue is generated primarily through asset-based management fees on mutual fund and SMA assets, with Class A share operating expense ratios ranging from 0.94% to 1.05% and a maximum 4.75% front-end sales charge. The firm operates a wholly-owned distribution subsidiary, Davis Distributors, LLC, and has over $2 billion of firm, employee, Davis family, and Foundation capital invested alongside clients, indicating significant alignment of interests. Davis is led by the Davis family across generations, with Chairman and Portfolio Manager Chris Davis at the helm, alongside a portfolio management bench including Danton Goei, Andrew Davis, Pierce Crosbie, Darin Prozes, Erik Jones, Dwight Blazin, Edward Yen, and E Chandler Spears.

Name

Davis Selected Advisers

Legal name

Davis Selected Advisers, L.P.

Website

https://davisfunds.com

Company type

Private

Founded year

1968

Operating status

Operating

Headcount range

101–250 employees

Short description

Davis Selected Advisers is an independent, employee-owned investment manager founded in 1968 that runs approximately $25B in active equity, sector, balanced, and fixed income mutual funds, SMAs, and ETFs for retail and institutional investors via a long-term concentrated value philosophy.

Ownership category

akta.pro rank

Product category

Active Equity Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Institutional Separate Accounts & SMAs (Mandates) (FSAAAGAL)

akta.pro secondary industries

Managed Accounts & Model Portfolios (SMA/UMA) (FSAAAAAG), Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)

Keywords

• Active equity management
• Mutual fund management
• Separately managed accounts
• Value investing
• Investment management

Headquarters

HQ city

Kansas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Mutual Fund Management: Davis Selected Advisers earns revenue through management fees charged on mutual funds including New York Venture Fund, International Fund, Global Fund, Financial Fund, Opportunity Fund, Balanced Fund, Real Estate Fund, Government Bond Fund, and Government Money Market Fund. Fee structures vary by fund class (Class A shares expense ratios range from 0.94% to 1.05% annual operating expense ratio).
2. Separately Managed Accounts (SMAs): The firm offers separately managed accounts including Large Cap Value SMA Portfolio, All-Cap SMA Portfolio, International ADR SMA Portfolio, and Global ADR SMA Portfolio, generating fee revenue from managed assets.
3. Variable Account Funds: Variable account funds including Equity Portfolio, Real Estate Portfolio, and Financial Portfolio for insurance products generate ongoing management fees.
4. ETF Management: Davis ETFs are distributed through Davis ETFs brand, generating management fee revenue.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

Davis Selected Advisers is an independent, employee-owned investment management firm that delivers actively managed equity and fixed-income strategies through a family of mutual funds, variable account funds, exchange-traded funds (ETFs), and separately managed accounts (SMAs). The firm follows a long-term, research-intensive value investing philosophy, managing concentrated portfolios across U.S., international, global, financial-sector, real estate, balanced, and government bond strategies.

Product overview

Davis Selected Advisers is an investment management firm offering a comprehensive suite of financial products centered around equity investing with a value discipline. The product lineup includes nine mutual funds (Davis NY Venture Fund, Davis International Fund, Davis Global Fund, Davis Financial Fund, Davis Opportunity Fund, Davis Balanced Fund, Davis Real Estate Fund, Davis Government Bond Fund, and Davis Government Money Market Fund), Variable Account Funds for insurance products, Davis ETFs for exchange-traded exposure, and four Separately Managed Account (SMA) portfolios (Large Cap Value, All-Cap, International ADR, and Global ADR) for personalized wealth management. The firm's investment philosophy emphasizes long-term value investing, with portfolio managers including Chris Davis, Danton Goei, Andrew Davis, and Chandler Spears, among others, managing approximately $25 billion in assets as of 2025.

Differentiator

Problem solved

Functional benefit

Products and services

• Davis New York Venture Fund

Named customers1 record

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Dodge & Cox: San Francisco-based, employee-owned active asset manager with comparable AUM scale, deep value discipline, and concentrated long-term portfolios — the closest structural and philosophical peer to Davis Selected Advisers.
• MFS Investment Management: Active equity and fixed income manager with long-tenured PMs and mutual fund/SMA platform serving advisors and institutions; similar active, research-intensive investment philosophy.
• Ariel Investments: Employee-owned, Chicago-based active value manager with concentrated portfolios of U.S. equities; closely comparable in size, value discipline, and ownership/alignment story.

Broad incumbents

• American Funds (Capital Group): Large incumbent mutual fund complex distributing through financial advisors with multi-manager system, directly comparable in distribution channel, product breadth, and advisor-led go-to-market to Davis Funds.
• T. Rowe Price: Established active asset manager with a broad mutual fund and SMA platform serving retail advised and institutional clients; competes head-to-head with Davis in advisor channel for active equity allocation.
• Wellington Management: Private, employee-owned global investment manager with substantial active equity, multi-asset, and SMA capabilities; comparable ownership model and multi-channel institutional/retail distribution.
• Franklin Templeton: Diversified global asset manager with deep mutual fund franchise, ETFs, and SMAs; competes for retail advised flows with Davis and offers comparable equity and balanced fund products.
• Invesco: Global asset manager with significant active mutual fund and ETF footprint; comparable product breadth across mutual funds, SMAs, and ETFs distributed via financial advisors.
• Vanguard: Largest mutual fund complex with extensive advisor-distributed active and index funds; primary competitive headwind for Davis in the retail advised channel given scale and cost advantage.

Emerging players

• Hartford Funds: Smaller mutual fund platform focused on sub-advised and proprietary active strategies distributed through advisors; competes in the same retail advised channel with mutual fund and ETF products.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/davis_advisors
• LinkedInlinkedin.com/company/davis-selected-advisers

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Davis Selected Advisers