NPORT-EX 4 edgar.htm N-PORT F EDGAR HTML
  
Davis Global Fund
Davis International Fund
(portfolios of Davis New York Venture Fund, Inc.)
July 31, 2026
The Equity Specialists
DAVIS GLOBAL FUND
Schedule of Investments 
July 31, 2026 (Unaudited)
 
 
Shares
Value
COMMON STOCK – (99.29%)
COMMUNICATION SERVICES – (10.20%)
Media & Entertainment – (10.20%)
Alphabet Inc., Class C 
51,419
$18,338,586
AppLovin Corp., Class A *
70,040
27,728,836
ASAC II L.P. *(a)(b)(c)
35,352
38,268
Meta Platforms, Inc., Class A 
43,770
24,367,197
NetEase, Inc., ADR (China) 
116,050
15,465,984
Pinterest, Inc., Class A *
365,500
8,775,655
Total Communication Services
94,714,526
CONSUMER DISCRETIONARY – (27.10%)
Automobiles & Components – (1.63%)
AUMOVIO SE (Germany) *
328,370
15,161,842
Consumer Discretionary Distribution & Retail – (11.59%)
Amazon.com, Inc. *
100,638
27,331,268
Prosus N.V., Class N (Netherlands) 
781,817
36,333,223
Sea Limited, Class A, ADR (Singapore) *
412,020
43,979,015
 
107,643,506
Consumer Services – (13.88%)
Entain plc (United Kingdom) 
1,737,429
12,719,929
Meituan, Class B (China) *
2,000,799
23,622,387
MGM Resorts International *
865,390
38,570,432
Trip.com Group Ltd., ADR (China) *
1,147,190
53,929,402
 
128,842,150
Total Consumer Discretionary
251,647,498
CONSUMER STAPLES – (7.44%)
Food, Beverage & Tobacco – (7.44%)
JBS N.V., Class A (Brazil) 
2,980,540
41,787,170
Tyson Foods, Inc., Class A 
470,380
27,263,225
Total Consumer Staples
69,050,395
ENERGY – (4.70%)
Devon Energy Corp. 
967,344
43,656,235
Total Energy
43,656,235
FINANCIALS – (11.82%)
Financial Services – (7.75%)
Capital Markets – (4.21%)
Julius Baer Group Ltd. (Switzerland) 
444,984
39,123,247
Consumer Finance – (3.02%)
Capital One Financial Corp. 
133,916
27,989,783
Financial Services – (0.52%)
Berkshire Hathaway Inc., Class B *
9,469
4,843,772
 
71,956,802
Insurance – (4.07%)
Life & Health Insurance – (2.26%)
AIA Group Ltd. (Hong Kong) 
1,542,980
15,554,612
Ping An Insurance (Group) Co. of China, Ltd. -
H (China) 
725,160
5,417,504
 
20,972,116
Property & Casualty Insurance – (1.81%)
Markel Group Inc. *
8,920
16,790,473
 
37,762,589
Total Financials
109,719,391
HEALTH CARE – (14.34%)
Health Care Equipment & Services – (9.82%)
Cigna Group 
47,070
13,134,883
CVS Health Corp. 
360,078
37,602,946
Solventum Corp. *
286,759
24,500,689
UnitedHealth Group Inc. 
38,340
15,888,096
 
91,126,614
Pharmaceuticals, Biotechnology & Life Sciences – (4.52%)
Viatris Inc. 
2,391,560
41,995,793
Total Health Care
133,122,407
 
Shares
Value
COMMON STOCK – (CONTINUED)
INDUSTRIALS – (14.51%)
Capital Goods – (5.40%)
Contemporary Amperex Technology Co., Ltd.
-A (China) 
231,792
$13,654,773
ITOCHU Corp. (Japan) 
1,087,000
13,641,427
SANY Heavy Industry Co., Ltd - H (China) 
8,481,800
22,808,943
 
50,105,143
Transportation – (9.11%)
DiDi Global Inc., Class A, ADS (China) *
7,621,508
26,980,139
Full Truck Alliance Co. Ltd., Class A, ADR
(China) 
6,071,470
57,618,250
 
84,598,389
Total Industrials
134,703,532
INFORMATION TECHNOLOGY – (7.18%)
Semiconductors & Semiconductor Equipment – (1.42%)
Silergy Corp. (Taiwan) 
1,057,000
13,165,455
Software & Services – (2.29%)
SAP SE (Germany) 
116,120
21,284,228
Technology Hardware & Equipment – (3.47%)
Samsung Electronics Co., Ltd. (South Korea) 
184,820
32,168,806
Total Information Technology
66,618,489
MATERIALS – (2.00%)
LyondellBasell Industries N.V. 
299,370
18,584,890
Total Materials
18,584,890
TOTAL COMMON STOCK –
(Identified cost $705,316,757)
921,817,363
 
 
Principal
Value
SHORT-TERM INVESTMENTS – (0.74%)
Brean Capital LLC Joint Repurchase
Agreement, 3.64%, 08/03/26  (d)
$1,288,000
$1,288,000
Nomura Securities International, Inc. Joint
Repurchase Agreement, 3.64%, 08/03/26  (e)
2,061,000
2,061,000
StoneX Financial Inc. Joint Repurchase
Agreement, 3.64%, 08/03/26  (f)
3,552,000
3,552,000
TOTAL SHORT-TERM INVESTMENTS –
(Identified cost $6,901,000)
6,901,000
Total Investments – (100.03%) –
(Identified cost $712,217,757)
928,718,363
Liabilities Less Other Assets – (0.03%)
(305,732
)
Net Assets – (100.00%)
$928,412,631
 
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 $38,268 or 0.004% of the Fund's net
assets as of July 31, 2026.
(b)
The value of this security was determined using significant unobservable
inputs.
(c)
Limited partnership units.
(d)
Dated 07/31/26, repurchase value of $1,288,391 (collateralized
by: U.S. Government agency mortgages and obligations in a pooled cash
account, 2.00%-7.00%, 09/01/29-05/20/66, total fair value $1,313,760).
1
DAVIS GLOBAL FUND
Schedule of Investments - (Continued)
July 31, 2026 (Unaudited)
(e)
Dated 07/31/26, repurchase value of $2,061,625 (collateralized
by: U.S. Government agency mortgages in a pooled cash account, 3.00%-
6.50%, 12/01/33-04/01/55, total fair value $2,102,220).
(f)
Dated 07/31/26, repurchase value of $3,553,077 (collateralized
by: U.S. Government agency mortgage and obligations in a pooled cash
account, 0.00%-5.11%, 01/15/30-12/15/33, total fair value $3,623,040).
Please refer to “Notes to Schedule of Investments” on page 4 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 INTERNATIONAL FUND
Schedule of Investments 
July 31, 2026 (Unaudited)
 
 
Shares
Value
COMMON STOCK – (96.54%)
COMMUNICATION SERVICES – (2.36%)
Media & Entertainment – (2.36%)
NetEase, Inc., ADR (China) 
48,110
$6,411,620
Total Communication Services
6,411,620
CONSUMER DISCRETIONARY – (30.49%)
Automobiles & Components – (2.65%)
AUMOVIO SE (Germany) *
155,640
7,186,372
Consumer Discretionary Distribution & Retail – (13.89%)
JD.com, Inc., Class A, ADR (China) 
64,425
2,126,669
Naspers Ltd. - N (South Africa) 
135,690
7,129,509
Prosus N.V., Class N (Netherlands) 
272,485
12,663,140
Sea Limited, Class A, ADR (Singapore) *
148,210
15,819,936
 
37,739,254
Consumer Services – (13.95%)
Delivery Hero SE (Germany) *
11,730
511,343
Entain plc (United Kingdom) 
986,309
7,220,888
Meituan, Class B (China) *
831,528
9,817,416
Restaurant Brands International Inc. (Canada) 
65,530
4,850,531
Trip.com Group Ltd., ADR (China) *
329,480
15,488,855
 
37,889,033
Total Consumer Discretionary
82,814,659
CONSUMER STAPLES – (6.23%)
Food, Beverage & Tobacco – (6.23%)
JBS N.V., Class A (Brazil) 
1,206,930
16,921,159
Total Consumer Staples
16,921,159
FINANCIALS – (21.11%)
Banks – (5.48%)
Bank of N.T. Butterfield & Son Ltd.
(Bermuda) 
72,770
4,460,073
Danske Bank A/S (Denmark) 
139,372
8,020,812
Metro Bank Holdings PLC (United Kingdom) *
1,008,398
2,408,474
 
14,889,359
Financial Services – (6.50%)
Capital Markets – (6.50%)
Julius Baer Group Ltd. (Switzerland) 
181,350
15,944,396
Noah Holdings Ltd., Class A, ADS (China) 
201,476
1,702,472
 
17,646,868
Insurance – (9.13%)
Life & Health Insurance – (9.13%)
AIA Group Ltd. (Hong Kong) 
1,305,240
13,157,981
Ping An Insurance (Group) Co. of China, Ltd. -
H (China) 
1,559,720
11,652,310
 
24,810,291
Total Financials
57,346,518
INDUSTRIALS – (17.72%)
Capital Goods – (9.34%)
Contemporary Amperex Technology Co., Ltd.
-A (China) 
90,497
5,331,142
ITOCHU Corp. (Japan) 
900,500
11,300,924
SANY Heavy Industry Co., Ltd - H (China) 
3,245,260
8,727,033
 
25,359,099
Transportation – (8.38%)
DiDi Global Inc., Class A, ADS (China) *
2,869,656
10,158,583
Full Truck Alliance Co. Ltd., Class A, ADR
(China) 
1,329,227
12,614,364
 
22,772,947
Total Industrials
48,132,046
 
Shares
Value
COMMON STOCK – (CONTINUED)
INFORMATION TECHNOLOGY – (11.84%)
Semiconductors & Semiconductor Equipment – (3.34%)
Silergy Corp. (Taiwan) 
462,000
$5,754,437
Tokyo Electron Ltd. (Japan) 
9,940
3,323,310
 
9,077,747
Software & Services – (3.73%)
SAP SE (Germany) 
55,230
10,123,389
Technology Hardware & Equipment – (4.77%)
Samsung Electronics Co., Ltd. (South Korea) 
74,410
12,951,417
Total Information Technology
32,152,553
MATERIALS – (4.13%)
Teck Resources Ltd., Class B (Canada) 
98,380
5,926,411
Vale S.A., ADR (Brazil) 
351,930
5,300,066
Total Materials
11,226,477
REAL ESTATE – (2.66%)
Real Estate Management & Development – (2.66%)
KE Holdings Inc., Class A, ADR (China) 
426,930
7,236,463
Total Real Estate
7,236,463
TOTAL COMMON STOCK –
(Identified cost $207,969,368)
262,241,495
 
 
Principal
Value
SHORT-TERM INVESTMENTS – (4.81%)
Brean Capital LLC Joint Repurchase
Agreement, 3.64%, 08/03/26  (a)
$2,438,000
$2,438,000
Nomura Securities International, Inc. Joint
Repurchase Agreement, 3.64%, 08/03/26  (b)
3,901,000
3,901,000
StoneX Financial Inc. Joint Repurchase
Agreement, 3.64%, 08/03/26  (c)
6,726,000
6,726,000
TOTAL SHORT-TERM INVESTMENTS –
(Identified cost $13,065,000)
13,065,000
Total Investments – (101.35%) –
(Identified cost $221,034,368)
275,306,495
Liabilities Less Other Assets – (1.35%)
(3,673,967
)
Net Assets – (100.00%)
$271,632,528
 
ADR:
American Depositary Receipt
ADS:
American Depositary Share
 
*
Non-income producing security.
(a)
Dated 07/31/26, repurchase value of $2,438,740 (collateralized
by: U.S. Government agency mortgages and obligations in a pooled cash
account, 2.00%-7.00%, 09/01/29-05/20/66, total fair value $2,486,760).
(b)
Dated 07/31/26, repurchase value of $3,902,183 (collateralized
by: U.S. Government agency mortgages in a pooled cash account, 3.00%-
5.00%, 09/01/51-12/01/55, total fair value $3,979,020).
(c)
Dated 07/31/26, repurchase value of $6,728,040 (collateralized
by: U.S. Government agency mortgage and obligations in a pooled cash
account, 0.00%-5.11%, 01/15/30-12/15/33, total fair value $6,860,520).
Please refer to “Notes to Schedule of Investments” on page 4 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.
3
DAVIS GLOBAL FUND
DAVIS INTERNATIONAL FUND
Notes to Schedule of Investments
July 31, 2026 (Unaudited)
Security Valuation - The Funds’ Board of Directors has designated Davis Selected Advisers, L.P. (“Adviser”), the Funds' investment adviser, as the valuation designee for the Funds. The Adviser has established a Pricing Committee to carry out the day-to-day valuation activities for the Funds. The Funds calculate the net asset value of their 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 Funds’ 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 Funds’ 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 Funds’ investments.
Fair Value Measurements - Fair value is defined as the price that the Funds 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 Funds’ 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 Funds can obtain the fair value assigned to a security if they were to sell the security.
4
DAVIS GLOBAL FUND
DAVIS INTERNATIONAL FUND
Notes to Schedule of Investments - (Continued)
July 31, 2026 (Unaudited)
Security Valuation - (Continued)
Fair Value Measurements - (Continued)
The following is a summary of the inputs used as of July 31, 2026 in valuing each Fund's investments carried at value:
 
 
Investments in Securities at Value
 
Davis Global
Fund
Davis International
Fund
Valuation Inputs
Level 1 – Quoted Prices:
Common Stock:
Communication Services
$94,676,258
$6,411,620
Consumer Discretionary
163,810,117
38,285,991
Consumer Staples
69,050,395
16,921,159
Energy
43,656,235
–
Financials
49,624,028
6,162,545
Health Care
133,122,407
–
Industrials
84,598,389
22,772,947
Materials
18,584,890
11,226,477
Real Estate
–
7,236,463
Total Level 1
657,122,719
109,017,202
Level 2 – Other Significant Observable Inputs:
Common Stock:*
Consumer Discretionary
87,837,381
44,528,668
Financials
60,095,363
51,183,973
Industrials
50,105,143
25,359,099
Information Technology
66,618,489
32,152,553
Short-Term Investments
6,901,000
13,065,000
Total Level 2
271,557,376
166,289,293
Level 3 – Significant Unobservable Inputs:
Common Stock:
Communication Services
38,268
–
Total Level 3
38,268
–
Total Investments
$928,718,363
$275,306,495
 
*
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 July 31, 2026. The net change in unrealized appreciation (depreciation) during the period on Level 3 securities still held at July 31, 2026 was $1,785 for Davis Global Fund. The cost of purchases or proceeds from sales may include securities received or delivered through corporate actions or exchanges.
 
 
Beginning
Balance at
November 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
July 31, 2026
Davis Global Fund
Investments in
Securities:
Common
Stock
$36,483
$–
$–
$1,785
$–
$–
$–
$38,268
Total Level 3
$36,483
$–
$–
$1,785
$–
$–
$–
$38,268
5
DAVIS GLOBAL FUND
DAVIS INTERNATIONAL FUND
Notes to Schedule of Investments - (Continued)
July 31, 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
July 31, 2026
Valuation
Technique
Unobservable
Input
Amount
Impact to
Valuation from
an Increase in Input
Davis Global Fund
 
 
 
 
Investments in Securities:
 
 
 
 
Common Stock
$38,268
Income Approach /
Discounted Cash Flow
Annualized Yield
5.133%
Decrease
Total Level 3
$38,268
 
 
 
 
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 July 31, 2026, the aggregate cost of investments and unrealized appreciation (depreciation) for federal income tax purposes were as follows:
 
 
Davis Global
Fund
Davis International
Fund
Cost
$719,995,764
$226,668,216
 
Unrealized appreciation
232,695,840
59,123,307
Unrealized depreciation
(23,973,241
)
(10,485,028
)
Net unrealized appreciation
$208,722,599
$48,638,279
6