Davis All-Cap Portfolio
Portfolio holdings sorted by percent of assets as of December 31, 2016

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Security DescriptionSymbol
Alphabet (Class A and C) MULTI
Amazon.com AMZN
Apache APA
Wells Fargo WFC
Encana ECA
Cabot Oil & Gas COG
United Technologies UTX
Delphi Automotive PLC DLPH
UnitedHealth Group UNH
Berkshire Hathaway–Class B BRK/B
Aetna AET
Adient PLC ADNT
Eaton Corp. ETN
JPMorgan Chase JPM
Occidental Petroleum OXY
Johnson Controls PLC JCI
Liberty Global PLC–Series C LBTYK
Markel MKL
Security DescriptionSymbol
Axalta Coating Systems AXTA
Applied Materials AMAT
Angie’s List ANGI
Monsanto MON
Quest Diagnostics DGX
Facebook FB
Texas Instruments TXN
JD.com–ADR JD
Microsoft MSFT
WESCO International WCC
Quotient Technology QUOT
ZTO Express Cayman–ADR ZTO
SAP SE–ADR SAP
Fang, Class A–ADR SFUN
Valeant Pharmaceuticals VRX
Express Scripts Holding ESRX
VIPS Vipshop Holdings–ADR VIPS
LendingClub LC