----

----

----

| DAVIS SERIES, INC.     | Schedule of Investments        |
|------------------------|--------------------------------|
| DAVIS OPPORTUNITY FUND | September 30, 2013 (Unaudited) |

|                          | Shares                                                |                                            | Value                                                                |
|-------------------------------|-------------------------------------------------------|-------------------------------------------------|----------------------------------------------------------------------|
| COMMON STOCK – (92.60%) |
|                          | CONSUMER DISCRETIONARY – (17.70%)               |
|                          |                                                  | Consumer Durables & Apparel – (2.68%) |
|                          |                                                  |                                            | Compagnie Financiere Richemont S.A., Unit A  (Switzerland) |   |   | 55,900    |   | $ | 5,600,199    |
|                          | Hunter Douglas N.V.  (Netherlands)          |                                            |                                                                 | 72,060    |   |   | 3,075,696    |
|                          | NIKE, Inc., Class B                                   |                                            |                                                                 | 54,520    |   |   | 3,960,333    |
|                          |                                                  |                                            | 12,636,228                                            |
|                          | Consumer Services – (1.15%)                     |
|                          | Las Vegas Sands Corp.                                 |                                            |                                                                 | 81,650    |   |   | 5,423,193    |
|                          | Media – (6.53%)                                 |
|                          | DISH Network Corp., Class A  *              |                                            |                                                                 | 51,900    |   |   | 2,335,759    |
|                          | Liberty Global PLC, Series C  *             |                                            |                                                                 | 278,590    |   |   | 21,015,437    |
|                          | Walt Disney Co.                                       |                                            |                                                                 | 115,010    |   |   | 7,416,995    |
|                          |                                                  |                                            | 30,768,191                                            |
|                          | Retailing – (7.34%)                             |
|                          | Lowe's Cos, Inc.                                      |                                            |                                                                 | 102,770    |   |   | 4,892,880    |
|                          | Netflix Inc.  *                             |                                            |                                                                 | 9,550    |   |   | 2,952,669    |
|                          | Priceline.com Inc.  *                       |                                            |                                                                 | 9,455    |   |   | 9,560,518    |
|                          | TJX Cos, Inc.                                         |                                            |                                                                 | 43,740    |   |   | 2,466,498    |
|                          | Vipshop Holdings Ltd., ADS  (China)*        |                                            |                                                                 | 259,530    |   |   | 14,741,304    |
|                          |                                                  |                                            | 34,613,869                                            |
|                          |                                                  |                                            |                                                                 | Total Consumer Discretionary |   |   | 83,441,481    |
|                          | CONSUMER STAPLES – (7.12%)                      |
|                          | Food & Staples Retailing – (2.02%)          |
|                          | Brasil Pharma S.A.  (Brazil) *              |                                            |                                                                 | 553,100    |   |   | 1,946,569    |
|                          | CVS Caremark Corp.                                    |                                            |                                                                 | 33,750    |   |   | 1,915,312    |
|                          | Wal-Mart Stores, Inc.                                 |                                            |                                                                 | 76,700    |   |   | 5,672,732    |
|                          |                                                  |                                            | 9,534,613                                             |
|                          | Food, Beverage & Tobacco – (4.14%)          |
|                          | Coca-Cola Co.                                         |                                            |                                                                 | 281,220    |   |   | 10,652,614    |
|                          | Diageo PLC  (United Kingdom)                |                                            |                                                                 | 74,190    |   |   | 2,360,088    |
|                          | Philip Morris International Inc.                      |                                            |                                                                 | 25,150    |   |   | 2,177,738    |
|                          | Unilever N.V., NY Shares  (Netherlands)     |                                            |                                                                 | 114,290    |   |   | 4,311,019    |
|                          |                                                  |                                            | 19,501,459                                            |
|                          | Household & Personal Products – (0.96%)     |
|                          | Colgate-Palmolive Co.                                 |                                            |                                                                 | 75,950    |   |   | 4,503,835    |
|                          | Total Consumer Staples                                |                                            |                                                                 | 33,539,907    |
|                          | ENERGY – (1.92%)                                |
|                          | Schlumberger Ltd.                                     |                                            |                                                                 | 102,550    |   |   | 9,061,318    |
|                          | Total Energy                                          |                                            |                                                                 | 9,061,318    |
|                          | FINANCIALS – (15.39%)                           |
|                          | Banks – (4.04%)                                 |
|                          | Commercial Banks – (4.04%)                      |
|                          | U.S. Bancorp                                          |                                            |                                                                 | 152,760    |   |   | 5,587,961    |
|                          | Wells Fargo & Co.                                 |                                            |                                                                 | 325,960    |   |   | 13,468,667    |
|                          |                                                  |                                            | 19,056,628                                            |
|                          | Diversified Financials – (8.10%)                |
|                          | Capital Markets – (1.77%)                       |
|                          | CETIP S.A. - Mercados Organizados  (Brazil) |                                            |                                                                 | 199,800    |   |   | 2,116,728    |
|                          | Charles Schwab Corp.                                  |                                            |                                                                 | 293,020    |   |   | 6,194,443    |
|                          |                                                  | 8,311,171                        |

----

| DAVIS SERIES, INC.                   | Schedule of Investments        |
|--------------------------------------|--------------------------------|
| DAVIS OPPORTUNITY FUND - (CONTINUED) | September 30, 2013 (Unaudited) |

|                             | Shares                                                             |                                       | Value                                          |
|----------------------------------|--------------------------------------------------------------------|--------------------------------------------|------------------------------------------------|
| COMMON STOCK – (CONTINUED) |
|                             | FINANCIALS – (CONTINUED)                                     |
|                             |                                                               | Diversified Financials – (Continued) |
|                             |                                                               |                                       | Diversified Financial Services – (6.33%) |
|                             |                                                               |                                       | Berkshire Hathaway Inc., Class B  *  |   |   | 211,411    |   | $ | 23,997,262    |
|                             | JPMorgan Chase & Co.                                           |                                       |                                           | 113,220    |   |   | 5,852,342    |
|                             |                                                               | 29,849,604                  |
|                             |                                                               |                                       | 38,160,775                      |
|                             | Insurance – (3.25%)                                          |
|                             | Multi-line Insurance – (0.63%)                               |
|                             | Loews Corp.                                                        |                                       |                                           | 64,140    |   |   | 2,997,904    |
|                             | Property & Casualty Insurance – (2.62%)                  |
|                             | Chubb Corp.                                                        |                                       |                                           | 45,260    |   |   | 4,039,907    |
|                             | Markel Corp.  *                                          |                                       |                                           | 16,035    |   |   | 8,302,442    |
|                             |                                                               | 12,342,349                  |
|                             |                                                               |                                       | 15,340,253                      |
|                             |                                                               |                                       |                                           | Total Financials |   |   | 72,557,656    |
|                             | HEALTH CARE – (11.25%)                                       |
|                             | Health Care Equipment & Services – (9.58%)               |
|                             | Diagnosticos da America S.A.  (Brazil)                   |                                       |                                           | 291,810    |   |   | 1,537,852    |
|                             | IDEXX Laboratories, Inc.  *                              |                                       |                                           | 52,130    |   |   | 5,195,797    |
|                             | Laboratory Corp. of America Holdings  *                  |                                       |                                           | 185,600    |   |   | 18,400,384    |
|                             | UnitedHealth Group Inc.                                            |                                       |                                           | 279,500    |   |   | 20,014,995    |
|                             |                                                               |                                       | 45,149,028                      |
|                             | Pharmaceuticals, Biotechnology & Life Sciences – (1.67%) |
|                             | Agilent Technologies, Inc.                                         |                                       |                                           | 28,234    |   |   | 1,446,992    |
|                             | Johnson & Johnson                                              |                                       |                                           | 74,330    |   |   | 6,443,668    |
|                             |                                                               |                                       | 7,890,660                       |
|                             | Total Health Care                                                  |                                       |                                           | 53,039,688    |
|                             | INDUSTRIALS – (15.04%)                                       |
|                             | Capital Goods – (6.85%)                                      |
|                             | 3M Co.                                                             |                                       |                                           | 30,530    |   |   | 3,645,587    |
|                             | Boeing Co.                                                         |                                       |                                           | 26,700    |   |   | 3,137,250    |
|                             | Deere & Co.                                                    |                                       |                                           | 47,440    |   |   | 3,861,142    |
|                             | PACCAR Inc.                                                        |                                       |                                           | 253,040    |   |   | 14,081,676    |
|                             | Textron Inc.                                                       |                                       |                                           | 167,620    |   |   | 4,627,988    |
|                             | TransDigm Group, Inc.  *                                 |                                       |                                           | 21,160    |   |   | 2,934,892    |
|                             |                                                               |                                       | 32,288,535                      |
|                             | Commercial & Professional Services – (0.61%)             |
|                             | Experian PLC  (United Kingdom)                           |                                       |                                           | 151,470    |   |   | 2,886,180    |
|                             | Transportation – (7.58%)                                     |
|                             | C.H. Robinson Worldwide, Inc.                                      |                                       |                                           | 34,500    |   |   | 2,055,510    |
|                             | Expeditors International of Washington, Inc.                       |                                       |                                           | 64,650    |   |   | 2,848,802    |
|                             | FedEx Corp.                                                        |                                       |                                           | 36,440    |   |   | 4,158,168    |
|                             | Kuehne & Nagel International AG  (Switzerland)       |                                       |                                           | 67,166    |   |   | 8,800,985    |
|                             | Wesco Aircraft Holdings, Inc.  *                         |                                       |                                           | 853,450    |   |   | 17,862,709    |
|                             |                                                               |                                       | 35,726,174                      |
|                             | Total Industrials                                                  |                                       |                                           | 70,900,889    |
|                             | INFORMATION TECHNOLOGY – (20.24%)                            |
|                             | Semiconductors & Semiconductor Equipment – (2.82%)       |
|                             | Altera Corp.                                                       |                                       |                                           | 38,800    |   |   | 1,442,390    |
|                             | Applied Materials, Inc.                                            |                                       |                                           | 116,400    |   |   | 2,042,238    |

----

| DAVIS SERIES, INC.                   | Schedule of Investments        |
|--------------------------------------|--------------------------------|
| DAVIS OPPORTUNITY FUND - (CONTINUED) | September 30, 2013 (Unaudited) |

|                                   | Shares/Units/Principal                                                                                                                                                                                                                                                                 |                                                             | Value                        |
|----------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------|------------------------------|
| COMMON STOCK – (CONTINUED)       |
|                                   | INFORMATION TECHNOLOGY – (CONTINUED)                                                                                                                                                                                                                                             |
|                                   |                                                                                                                                                                                                                                                                                   | Semiconductors & Semiconductor Equipment – (Continued) |
|                                   |                                                                                                                                                                                                                                                                                   |                                                             | Intel Corp.                  |   |   | 70,700    |   | $ | 1,620,798    |
|                                   | Texas Instruments Inc.                                                                                                                                                                                                                                                                 |                                                             |                         | 202,950    |   |   | 8,176,855    |
|                                   |                                                                                                                                                                                                                                                                                   |                                                             | 13,282,281    |
|                                   | Software & Services – (16.89%)                                                                                                                                                                                                                                               |
|                                   | Angie's List Inc.  *                                                                                                                                                                                                                                                         |                                                             |                         | 472,445    |   |   | 10,627,650    |
|                                   | Google Inc., Class A  *                                                                                                                                                                                                                                                      |                                                             |                         | 39,033    |   |   | 34,201,886    |
|                                   | International Business Machines Corp.                                                                                                                                                                                                                                                  |                                                             |                         | 5,344    |   |   | 989,602    |
|                                   | Microsoft Corp.                                                                                                                                                                                                                                                                        |                                                             |                         | 281,850    |   |   | 9,387,014    |
|                                   | Oracle Corp.                                                                                                                                                                                                                                                                           |                                                             |                         | 141,250    |   |   | 4,685,262    |
|                                   | Salesforce.com, Inc.  *                                                                                                                                                                                                                                                      |                                                             |                         | 52,350    |   |   | 2,717,489    |
|                                   | SAP AG, ADR  (Germany)                                                                                                                                                                                                                                                       |                                                             |                         | 61,661    |   |   | 4,557,981    |
|                                   | SINA Corp.  (China)*                                                                                                                                                                                                                                                         |                                                             |                         | 79,000    |   |   | 6,414,800    |
|                                   | Youku Tudou Inc., ADR  (China)*                                                                                                                                                                                                                                              |                                                             |                         | 220,830    |   |   | 6,050,742    |
|                                   |                                                                                                                                                                                                                                                                                   |                                                             | 79,632,426    |
|                                   | Technology Hardware & Equipment – (0.53%)                                                                                                                                                                                                                                    |
|                                   | Hewlett-Packard Co.                                                                                                                                                                                                                                                                    |                                                             |                         | 118,184    |   |   | 2,479,501    |
|                                   |                                                                                                                                                                                                                                                                                   |                                                             |                         |   | Total Information Technology |   |   | 95,394,208    |
|                                   | MATERIALS – (3.89%)                                                                                                                                                                                                                                                              |
|                                   | Air Products and Chemicals, Inc.                                                                                                                                                                                                                                                       |                                                             |                         | 31,620    |   |   | 3,369,743    |
|                                   | Lafarge S.A.  (France)                                                                                                                                                                                                                                                       |                                                             |                         | 43,050    |   |   | 2,998,789    |
|                                   | Sherwin-Williams Co.                                                                                                                                                                                                                                                                   |                                                             |                         | 13,130    |   |   | 2,392,023    |
|                                   | Sigma-Aldrich Corp.                                                                                                                                                                                                                                                                    |                                                             |                         | 112,380    |   |   | 9,586,576    |
|                                   | Total Materials                                                                                                                                                                                                                                                                        |                                                             |                         | 18,347,131    |
|                                   | TELECOMMUNICATION SERVICES – (0.05%)                                                                                                                                                                                                                                             |
|                                   | America Movil S.A.B. de C.V., Series L, ADR  (Mexico)                                                                                                                                                                                                                        |                                                             |                         | 11,680    |   |   | 231,381    |
|                                   | Total Telecommunication Services                                                                                                                                                                                                                                                       |                                                             |                         | 231,381    |
|                                   |                                                                                                                                                                                                                                                                                   |                                                             |                         |  TOTAL COMMON STOCK – (Identified cost $327,056,133)  |   |   | 436,513,659    |
| STOCK WARRANTS – (0.66%)         |
|                                   | FINANCIALS – (0.66%)                                                                                                                                                                                                                                                             |
|                                   | Banks – (0.66%)                                                                                                                                                                                                                                                                  |
|                                   | Commercial Banks – (0.66%)                                                                                                                                                                                                                                                       |
|                                   | Wells Fargo & Co., strike price $34.01, expires 10/28/18  *                                                                                                                                                                                                              |                                                             |                         | 220,450    |   |   | 3,095,118    |
|                                   |  TOTAL STOCK WARRANTS – (Identified cost $1,764,508)                                                                                                                                                                                                                   |                                                             |                         | 3,095,118    |
| SHORT-TERM INVESTMENTS – (7.13%) |
|                                   | Mizuho Securities USA Inc. Joint Repurchase Agreement, 0.11%, 10/01/13, dated 09/30/13, repurchase value of $33,596,103 (collateralized by: U.S. Government agency mortgages and obligations in a pooled cash account, 0.00%-5.00%, 05/15/14-09/20/43, total market value $34,267,920) |                                                             | $                            | 33,596,000    |   |   | 33,596,000    |
|                                   |  TOTAL SHORT-TERM INVESTMENTS – (Identified cost $33,596,000)                                                                                                                                                                                                          |                                                             |                         | 33,596,000    |
|                                   | Total Investments – (100.39%) – (Identified cost $362,416,641) – (a)                                                                                                                                                                                                 |                                                             |                         | 473,204,777    |
|                                   | Liabilities Less Other Assets – (0.39%)                                                                                                                                                                                                                                          |                                                             |                         | (1,821,121)    |
|                                   | Net Assets – (100.00%)                                                                                                                                                                                                                                                           |                                                             | $                            | 471,383,656    |

----

| DAVIS SERIES, INC.                   | Schedule of Investments        |
|--------------------------------------|--------------------------------|
| DAVIS OPPORTUNITY FUND - (CONTINUED) | September 30, 2013 (Unaudited) |

|   | ADR: American Depositary Receipt |
|--------|----------------------------------|
|   |                             |
|   | ADS: American Depositary Share   |
|   |                             |   |
|   | *                                | Non-Income producing security. |
|   |                             |   |
|   | (a)                              | Aggregate cost for federal income tax purposes is $380,233,922. At September 30, 2013 unrealized appreciation (depreciation) of securities for federal income tax purposes is as follows: |

|   | Unrealized appreciation     |   | $      | 99,863,227     |
|--------|-----------------------------|--------|--------|-------------------------------|
|   | Unrealized depreciation     |   |   | (6,892,372)    |
|   | Net unrealized appreciation |   | $      | 92,970,855     |

|   | Please refer to "Notes to Schedule of Investments" on page 19 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 Semi-Annual or Annual Shareholder Report. |

----

| DAVIS SERIES, INC.         | Schedule of Investments        |
|----------------------------|--------------------------------|
| DAVIS GOVERNMENT BOND FUND | September 30, 2013 (Unaudited) |

|                       | Principal                                                    |   | Value  |
|----------------------------|--------------------------------------------------------------|--------|--------|
| MORTGAGES – (98.64%) |
|                       | COLLATERALIZED MORTGAGE OBLIGATIONS – (71.26%)         |
|                       | Fannie Mae, 4.50%, 01/25/14                                  |   | $      | 3,268    |   | $ | 3,282    |
|                       | Fannie Mae, 4.00%, 01/25/19                                  |   |   | 259,002    |   |   | 264,492    |
|                       | Fannie Mae, 4.00%, 02/25/19                                  |   |   | 868,141    |   |   | 907,934    |
|                       | Fannie Mae, 4.00%, 07/25/23                                  |   |   | 705,270    |   |   | 724,020    |
|                       | Fannie Mae, 4.00%, 11/25/23                                  |   |   | 481,655    |   |   | 493,970    |
|                       | Fannie Mae, 2.00%, 01/25/28                                  |   |   | 4,594,371    |   |   | 4,547,310    |
|                       | Fannie Mae, 3.50%, 12/25/31                                  |   |   | 4,423,593    |   |   | 4,688,132    |
|                       | Fannie Mae, 3.50%, 09/25/36                                  |   |   | 420,370    |   |   | 428,422    |
|                       | Fannie Mae, 0.3789%, 02/25/37   (a)           |   |   | 54,709    |   |   | 54,236    |
|                       | Fannie Mae, 0.4289%, 03/25/37   (a)           |   |   | 506,089    |   |   | 505,443    |
|                       | Fannie Mae, 0.5289%, 07/25/37   (a)           |   |   | 491,114    |   |   | 490,115    |
|                       | Fannie Mae, 0.6789%, 06/25/38   (a)           |   |   | 317,131    |   |   | 318,847    |
|                       | Fannie Mae, 4.50%, 12/25/41                                  |   |   | 483,671    |   |   | 525,881    |
|                       | Fannie Mae, 3.00%, 10/25/42                                  |   |   | 2,837,858    |   |   | 2,924,910    |
|                       | Fannie Mae, 2.70%, 03/25/43                                  |   |   | 4,794,068    |   |   | 4,901,402    |
|                       | Fannie Mae Whole Loan, 5.31%, 08/25/33                       |   |   | 185,919    |   |   | 189,129    |
|                       | Fannie Mae Whole Loan, 5.09%, 11/25/43                       |   |   | 2,084,354    |   |   | 2,171,977    |
|                       | Fannie Mae Whole Loan, 6.292%, 08/25/47   (a) |   |   | 504,709    |   |   | 577,800    |
|                       | Freddie Mac, 3.50%, 01/15/18                                 |   |   | 80,621    |   |   | 82,411    |
|                       | Freddie Mac, 4.50%, 05/15/18                                 |   |   | 1,868,827    |   |   | 1,977,480    |
|                       | Freddie Mac, 1.50%, 07/15/18                                 |   |   | 424,664    |   |   | 431,422    |
|                       | Freddie Mac, 4.50%, 07/15/18                                 |   |   | 532,773    |   |   | 564,453    |
|                       | Freddie Mac, 4.00%, 10/15/18                                 |   |   | 1,831,114    |   |   | 1,932,548    |
|                       | Freddie Mac, 4.50%, 02/15/19                                 |   |   | 3,401,701    |   |   | 3,615,508    |
|                       | Freddie Mac, 4.50%, 09/15/23                                 |   |   | 564,562    |   |   | 590,367    |
|                       | Freddie Mac, 3.50%, 02/15/24                                 |   |   | 1,096,066    |   |   | 1,123,810    |
|                       | Freddie Mac, 3.50%, 07/15/24                                 |   |   | 607,238    |   |   | 621,772    |
|                       | Freddie Mac, 5.00%, 01/15/25                                 |   |   | 2,000,000    |   |   | 2,142,274    |
|                       | Freddie Mac, 3.50%, 04/15/25                                 |   |   | 1,194,363    |   |   | 1,242,186    |
|                       | Freddie Mac, 3.00%, 12/15/25                                 |   |   | 1,295,878    |   |   | 1,338,249    |
|                       | Freddie Mac, 4.00%, 01/15/26                                 |   |   | 1,610,433    |   |   | 1,721,317    |
|                       | Freddie Mac, 3.00%, 10/15/26                                 |   |   | 2,878,173    |   |   | 3,009,669    |
|                       | Freddie Mac, 4.00%, 01/15/28                                 |   |   | 1,163,321    |   |   | 1,200,299    |
|                       | Freddie Mac, 4.50%, 04/15/32                                 |   |   | 725,302    |   |   | 738,261    |
|                       | Freddie Mac, 4.50%, 08/15/36                                 |   |   | 793,402    |   |   | 839,903    |
|                       | Freddie Mac, 4.00%, 03/15/37                                 |   |   | 1,965,236    |   |   | 2,051,281    |
|                       | Freddie Mac, 4.00%, 01/15/38                                 |   |   | 2,782,802    |   |   | 2,890,329    |
|                       | Freddie Mac, 3.00%, 06/15/39                                 |   |   | 576,450    |   |   | 598,314    |
|                       | Freddie Mac, 2.50%, 09/15/40                                 |   |   | 722,968    |   |   | 737,905    |
|                       | Freddie Mac, 4.00%, 12/15/40                                 |   |   | 4,216,871    |   |   | 4,407,186    |
|                       | Freddie Mac Structured Pass-Through, 6.50%, 02/25/43         |   |   | 661,809    |   |   | 784,948    |
|                       | Ginnie Mae, 2.00%, 11/16/27                                  |   |   | 4,685,306    |   |   | 4,678,119    |
|                       | Ginnie Mae, 4.00%, 11/20/30                                  |   |   | 20,771    |   |   | 20,792    |
|                       | Ginnie Mae, 4.00%, 05/20/33                                  |   |   | 2,652,345    |   |   | 2,756,955    |
|                       | Ginnie Mae, 3.00%, 09/16/34                                  |   |   | 1,500,000    |   |   | 1,539,434    |
|                       | Ginnie Mae, 3.536%, 09/16/35                                 |   |   | 830,346    |   |   | 842,646    |

----

| DAVIS SERIES, INC.                       | Schedule of Investments        |
|------------------------------------------|--------------------------------|
| DAVIS GOVERNMENT BOND FUND - (CONTINUED) | September 30, 2013 (Unaudited) |

|                           | Principal                                                           |                         | Value                                     |
|--------------------------------|---------------------------------------------------------------------|------------------------------|-------------------------------------------|
| MORTGAGES – (CONTINUED)  |
|                           | COLLATERALIZED MORTGAGE OBLIGATIONS – (CONTINUED)             |
|                           |                                                                | Ginnie Mae, 3.421%, 11/16/35 |                                      | $ | 917,377    |   | $ | 919,892    |
|                           | Ginnie Mae, 3.50%, 07/20/36                                         |                         |                                      | 1,028,331    |   |   | 1,074,052    |
|                           | Ginnie Mae, 5.4449%, 12/16/36   (a)                  |                         |                                      | 151,469    |   |   | 157,621    |
|                           | Ginnie Mae, 6.1279%, 04/20/37   (a)                  |                         |                                      | 2,323,309    |   |   | 2,596,109    |
|                           | Ginnie Mae, 3.00%, 06/20/38                                         |                         |                                      | 1,216,969    |   |   | 1,267,221    |
|                           | Ginnie Mae, 2.7166%, 02/16/44                                       |                         |                                      | 2,509,149    |   |   | 2,528,458    |
|                           |                                                                |                         | Total Collateralized Mortgage Obligations |   |   | 77,740,493    |
|                           | FANNIE MAE POOLS – (18.48%)                                   |
|                           | 4.832%, 01/01/15, Pool No. 725788                                   |                         |                                      | 547,913    |   |   | 562,630    |
|                           | 6.00%, 09/01/17, Pool No. 665776                                    |                         |                                      | 620,808    |   |   | 656,131    |
|                           | 4.50%, 03/01/18, Pool No. AJ0354                                    |                         |                                      | 725,972    |   |   | 756,733    |
|                           | 5.00%, 03/01/18, Pool No. 357369                                    |                         |                                      | 237,854    |   |   | 253,295    |
|                           | 4.50%, 08/01/18, Pool No. 254833                                    |                         |                                      | 532,736    |   |   | 565,278    |
|                           | 3.50%, 01/01/21, Pool No. MA0629                                    |                         |                                      | 1,373,592    |   |   | 1,470,979    |
|                           | 2.50%, 11/01/22, Pool No. AQ4765                                    |                         |                                      | 4,468,117    |   |   | 4,601,105    |
|                           | 2.50%, 10/01/27, Pool No. AP9869                                    |                         |                                      | 3,126,888    |   |   | 3,159,373    |
|                           | 4.00%, 02/01/30, Pool No. MA0329                                    |                         |                                      | 3,967,095    |   |   | 4,214,605    |
|                           | 6.50%, 07/01/32, Pool No. 635069                                    |                         |                                      | 97,825    |   |   | 107,047    |
|                           | 2.201%, 05/01/35, Pool No. 826242 (b)                               |                         |                                      | 400,692    |   |   | 414,059    |
|                           | 2.403%, 01/01/36, Pool No. 848973 (b)                               |                         |                                      | 236,855    |   |   | 258,109    |
|                           | 5.617%, 04/01/36, Pool No. 851605 (b)                               |                         |                                      | 286,399    |   |   | 307,748    |
|                           | 6.00%, 09/01/37, Pool No. 888796                                    |                         |                                      | 371,606    |   |   | 408,004    |
|                           | 6.132%, 10/01/37, Pool No. AL1846 (b)                               |                         |                                      | 2,260,810    |   |   | 2,425,708    |
|                           | Total Fannie Mae Pools                                              |                         |                                      | 20,160,804    |
|                           | FREDDIE MAC POOLS – (7.01%)                                   |
|                           | 5.50%, 12/01/18, Pool No. G11684                                    |                         |                                      | 361,930    |   |   | 381,927    |
|                           | 3.50%, 03/01/21, Pool No. J14793                                    |                         |                                      | 1,095,730    |   |   | 1,164,847    |
|                           | 5.50%, 11/01/21, Pool No. G12454                                    |                         |                                      | 524,393    |   |   | 569,561    |
|                           | 5.50%, 06/01/22, Pool No. G12688                                    |                         |                                      | 232,076    |   |   | 245,115    |
|                           | 2.50%, 05/01/23, Pool No. G14738                                    |                         |                                      | 2,839,580    |   |   | 2,891,256    |
|                           | 4.00%, 05/01/24, Pool No. J09596                                    |                         |                                      | 993,145    |   |   | 1,056,364    |
|                           | 3.50%, 01/01/26, Pool No. G18373                                    |                         |                                      | 483,589    |   |   | 511,071    |
|                           | 2.502%, 12/01/34, Pool No. 1H1238 (b)                               |                         |                                      | 257,294    |   |   | 272,826    |
|                           | 2.716%, 04/01/36, Pool No. 848422 (b)                               |                         |                                      | 527,937    |   |   | 556,854    |
|                           | Total Freddie Mac Pools                                             |                         |                                      | 7,649,821    |
|                           | GINNIE MAE POOLS – (1.89%)                                    |
|                           | 5.00%, 10/20/40, Pool No. 783539                                    |                         |                                      | 1,936,606    |   |   | 2,058,974    |
|                           | Total Ginnie Mae Pools                                              |                         |                                      | 2,058,974    |
|                           |  TOTAL MORTGAGES – (Identified cost $107,140,039)   |                         |                                      | 107,610,092    |
| OTHER AGENCIES – (0.24%) |
|                           | Housing Urban Development, 6.00%, 08/01/20                          |                         |                                      | 260,000    |   |   | 264,157    |
|                           |  TOTAL OTHER AGENCIES – (Identified cost $260,000)  |                         |                                      | 264,157    |

----

| DAVIS SERIES, INC.                       | Schedule of Investments        |
|------------------------------------------|--------------------------------|
| DAVIS GOVERNMENT BOND FUND - (CONTINUED) | September 30, 2013 (Unaudited) |

|                                   | Principal                                                                                                                                                                                                                                                                        |                                                                                  | Value                                                                       |
|----------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------|-----------------------------------------------------------------------------|
| SHORT-TERM INVESTMENTS – (0.70%) |
|                                   | Mizuho Securities USA Inc. Joint Repurchase Agreement, 0.11%, 10/01/13, dated 09/30/13, repurchase value of $762,002 (collateralized by: U.S. Government agency mortgages and obligations in a pooled cash account, 0.00%-5.00%, 05/15/14-09/20/43, total market value $777,240) |                                                                                  | $                                                                           | 762,000    |   | $ | 762,000    |
|                                   |                                                                                                                                                                                                                                                                             |                                                                                  |  TOTAL SHORT-TERM INVESTMENTS – (Identified cost $762,000)  |   |   | 762,000    |
|                                   |                                                                                                                                                                                                                                                                             | Total Investments – (99.58%) – (Identified cost $108,162,039) – (c) |                                                                        |   | 108,636,249    |
|                                   | Other Assets Less Liabilities – (0.42%)                                                                                                                                                                                                                                    |                                                                                  |                                                                        | 456,280    |
|                                   |                                                                                                                                                                                                                                                                             |                                                                                  | Net Assets – (100.00%)                                                |   | $ | 109,092,529    |

|   | (a)    | The interest rates on floating rate securities, shown as of September 30, 2013, may change daily or less frequently and are based on indices of market interest rates. For purposes of amortized cost valuation, the maturity dates of these securities are considered to be the effective maturities, based on the reset dates of the securities' variable rates. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                               |
|   | (b)    | The interest rates on adjustable rate securities, shown as of September 30, 2013, may change daily or less frequently and are based on indices of market interest rates.                                                                                                                                                                                           |
|   |   |                                                                                                                                                                                                                                                                                                                                                               |
|   | (c)    | Aggregate cost for federal income tax purposes is $108,162,039. At September 30, 2013 unrealized appreciation (depreciation) of securities for federal income tax purposes is as follows:                                                                                                                                                                          |

|   | Unrealized appreciation     |   | $      | 1,355,839    |
|--------|-----------------------------|--------|--------|-----------------------------|
|   | Unrealized depreciation     |   |   | (881,629)    |
|   | Net unrealized appreciation |   | $      | 474,210      |

|   | Please refer to "Notes to Schedule of Investments" on page 19 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 Semi-Annual or Annual Shareholder Report. |

----

| DAVIS SERIES, INC.                 | Schedule of Investments        |
|------------------------------------|--------------------------------|
| DAVIS GOVERNMENT MONEY MARKET FUND | September 30, 2013 (Unaudited) |

|                                      | Principal                                                                                                                                                                                                                                                           |                                                               | Value  |
|-------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------|--------|
| FANNIE MAE – (10.34%)               |
|                                      | 1.05%, 10/22/13                                                                                                                                                                                                                                                     |                                                               | $      | 1,000,000    |   | $ | 1,000,529    |
|                                      | 0.32%, 10/25/13  (a)                                                                                                                                                                                                                                      |                                                               |   | 1,500,000    |   |   | 1,500,215    |
|                                      | 0.1519%, 11/08/13  (a)                                                                                                                                                                                                                                    |                                                               |   | 4,500,000    |   |   | 4,500,331    |
|                                      | 0.75%, 12/18/13                                                                                                                                                                                                                                                     |                                                               |   | 4,141,000    |   |   | 4,146,439    |
|                                      | 2.75%, 03/13/14                                                                                                                                                                                                                                                     |                                                               |   | 5,474,000    |   |   | 5,537,944    |
|                                      | 1.35%, 03/21/14                                                                                                                                                                                                                                                     |                                                               |   | 4,500,000    |   |   | 4,526,005    |
|                                      | 2.50%, 05/15/14                                                                                                                                                                                                                                                     |                                                               |   | 2,167,000    |   |   | 2,199,254    |
|                                      |                                                                                                                                                                                                                                                                |  TOTAL FANNIE MAE – (Identified cost $23,410,717)  |   |   | 23,410,717    |
| FEDERAL FARM CREDIT BANK – (11.56%) |
|                                      | 3.875%, 10/07/13                                                                                                                                                                                                                                                    |                                                               |   | 4,600,000    |   |   | 4,602,826    |
|                                      | 0.22%, 10/15/13  (a)                                                                                                                                                                                                                                      |                                                               |   | 2,000,000    |   |   | 2,000,100    |
|                                      | 0.1317%, 12/06/13  (a)                                                                                                                                                                                                                                    |                                                               |   | 4,500,000    |   |   | 4,500,000    |
|                                      | 0.1823%, 12/16/13  (a)                                                                                                                                                                                                                                    |                                                               |   | 1,250,000    |   |   | 1,250,082    |
|                                      | 1.30%, 12/23/13                                                                                                                                                                                                                                                     |                                                               |   | 4,500,000    |   |   | 4,512,133    |
|                                      | 0.15%, 01/17/14                                                                                                                                                                                                                                                     |                                                               |   | 4,500,000    |   |   | 4,500,633    |
|                                      | 0.025%, 02/10/14  (a)                                                                                                                                                                                                                                     |                                                               |   | 1,200,000    |   |   | 1,199,869    |
|                                      | 0.1489%, 07/25/14  (a)                                                                                                                                                                                                                                    |                                                               |   | 3,600,000    |   |   | 3,600,891    |
|                                      |  TOTAL FEDERAL FARM CREDIT BANK –                              (Identified cost $26,166,534)  |                                                               |   | 26,166,534    |
| FEDERAL HOME LOAN BANK – (27.12%)   |
|                                      | 3.625%, 10/18/13                                                                                                                                                                                                                                                    |                                                               |   | 1,270,000    |   |   | 1,272,062    |
|                                      | 0.10%, 11/06/13                                                                                                                                                                                                                                                     |                                                               |   | 3,000,000    |   |   | 3,000,142    |
|                                      | 0.29%, 11/14/13                                                                                                                                                                                                                                                     |                                                               |   | 1,600,000    |   |   | 1,600,305    |
|                                      | 0.14%, 11/15/13  (a)                                                                                                                                                                                                                                      |                                                               |   | 3,730,000    |   |   | 3,730,260    |
|                                      | 0.30%, 12/04/13                                                                                                                                                                                                                                                     |                                                               |   | 2,700,000    |   |   | 2,700,834    |
|                                      | 0.30%, 12/06/13                                                                                                                                                                                                                                                     |                                                               |   | 4,000,000    |   |   | 4,001,451    |
|                                      | 3.125%, 12/13/13                                                                                                                                                                                                                                                    |                                                               |   | 4,015,000    |   |   | 4,038,925    |
|                                      | 4.00%, 12/13/13                                                                                                                                                                                                                                                     |                                                               |   | 1,000,000    |   |   | 1,007,690    |
|                                      | 0.875%, 12/27/13                                                                                                                                                                                                                                                    |                                                               |   | 3,000,000    |   |   | 3,005,340    |
|                                      | 1.00%, 12/27/13                                                                                                                                                                                                                                                     |                                                               |   | 2,700,000    |   |   | 2,705,198    |
|                                      | 0.083%, 01/03/14  (a)                                                                                                                                                                                                                                     |                                                               |   | 3,700,000    |   |   | 3,699,260    |
|                                      | 0.26%, 01/23/14                                                                                                                                                                                                                                                     |                                                               |   | 2,000,000    |   |   | 2,000,782    |
|                                      | 1.125%, 01/29/14                                                                                                                                                                                                                                                    |                                                               |   | 2,700,000    |   |   | 2,708,953    |
|                                      | 0.062%, 02/07/14  (a)                                                                                                                                                                                                                                     |                                                               |   | 4,500,000    |   |   | 4,499,559    |
|                                      | 0.125%, 03/04/14                                                                                                                                                                                                                                                    |                                                               |   | 4,250,000    |   |   | 4,250,062    |
|                                      | 0.18%, 03/04/14                                                                                                                                                                                                                                                     |                                                               |   | 2,700,000    |   |   | 2,700,681    |
|                                      | 0.125%, 03/27/14                                                                                                                                                                                                                                                    |                                                               |   | 5,000,000    |   |   | 5,000,599    |
|                                      | 0.133%, 04/01/14  (a)                                                                                                                                                                                                                                     |                                                               |   | 4,500,000    |   |   | 4,500,698    |
|                                      | 0.125%, 08/22/14                                                                                                                                                                                                                                                    |                                                               |   | 5,000,000    |   |   | 4,997,462    |
|                                      |  TOTAL FEDERAL HOME LOAN BANK – (Identified cost $61,420,263)                                                                                                                                                                                       |                                                               |   | 61,420,263    |
| FREDDIE MAC – (13.85%)              |
|                                      | 0.50%, 10/15/13                                                                                                                                                                                                                                                     |                                                               |   | 1,400,000    |   |   | 1,400,199    |
|                                      | 0.875%, 10/28/13                                                                                                                                                                                                                                                    |                                                               |   | 6,800,000    |   |   | 6,803,593    |
|                                      | 0.1526%, 11/04/13  (a)                                                                                                                                                                                                                                    |                                                               |   | 5,200,000    |   |   | 5,200,099    |
|                                      | 4.875%, 11/15/13                                                                                                                                                                                                                                                    |                                                               |   | 2,600,000    |   |   | 2,615,158    |

----

| DAVIS SERIES, INC.                               | Schedule of Investments        |
|--------------------------------------------------|--------------------------------|
| DAVIS GOVERNMENT MONEY MARKET FUND - (CONTINUED) | September 30, 2013 (Unaudited) |

|                                   | Principal                                                                                                                                                                                                                                                                              |   | Value                                                               |
|----------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------|
| FREDDIE MAC – (CONTINUED)        |
|                                   | 0.36%, 11/18/13  (a)                                                                                                                                                                                                                                                         |   | $                                                                   | 2,200,000    |   | $ | 2,200,857    |
|                                   | 0.375%, 11/27/13                                                                                                                                                                                                                                                                       |   |                                                                | 4,600,000    |   |   | 4,601,878    |
|                                   | 0.625%, 12/23/13                                                                                                                                                                                                                                                                       |   |                                                                | 795,000    |   |   | 795,887    |
|                                   | 5.00%, 01/30/14                                                                                                                                                                                                                                                                        |   |                                                                | 2,475,000    |   |   | 2,514,767    |
|                                   | 1.35%, 04/29/14                                                                                                                                                                                                                                                                        |   |                                                                | 2,205,000    |   |   | 2,220,165    |
|                                   | 1.00%, 07/30/14                                                                                                                                                                                                                                                                        |   |                                                                | 3,000,000    |   |   | 3,021,121    |
|                                   |                                                                                                                                                                                                                                                                                   |   |  TOTAL FREDDIE MAC – (Identified cost $31,373,724)  |   |   | 31,373,724    |
| OTHER AGENCIES – (1.27%)         |
|                                   | AID - Israel, 0.1075%, 11/15/13   (Israel)(b)                                                                                                                                                                                                                           |   |                                                                | 2,875,000    |   |   | 2,874,623    |
|                                   |  TOTAL OTHER AGENCIES – (Identified cost $2,874,623)                                                                                                                                                                                                                   |   |                                                                | 2,874,623    |
| REPURCHASE AGREEMENTS – (35.74%) |
|                                   | Mizuho Securities USA Inc. Joint Repurchase Agreement, 0.11%, 10/01/13, dated 09/30/13, repurchase value of $80,938,247 (collateralized by: U.S. Government agency mortgages and obligations in a pooled cash account, 0.00%-5.00%, 05/15/14-09/20/43, total market value $82,556,760) |   |                                                                | 80,938,000    |   |   | 80,938,000    |
|                                   |  TOTAL REPURCHASE AGREEMENTS – (Identified cost $80,938,000)                                                                                                                                                                                                           |   |                                                                | 80,938,000    |
|                                   | Total Investments – (99.88%) – (Identified cost $226,183,861) – (c)                                                                                                                                                                                                  |   |                                                                | 226,183,861    |
|                                   | Other Assets Less Liabilities – (0.12%)                                                                                                                                                                                                                                          |   |                                                                | 281,906    |
|                                   |                                                                                                                                                                                                                                                                                   |   | Net Assets – (100.00%)                                        |   | $ | 226,465,767    |

|   | (a)    | The interest rates on floating rate securities, shown as of September 30, 2013, may change daily or less frequently and are based on indices of market interest rates. For purposes of amortized cost valuation, the maturity dates of these securities are considered to be the effective maturities, based on the reset dates of the securities' variable rates. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                               |
|   | (b)    | Zero coupon bonds reflect the effective yield on the date of purchase.                                                                                                                                                                                                                                                                                             |
|   |   |                                                                                                                                                                                                                                                                                                                                                               |
|   | (c)    | Aggregate cost for federal income tax purposes is $226,183,861.                                                                                                                                                                                                                                                                                                    |

|   | Please refer to "Notes to Schedule of Investments" on page 19 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 Semi-Annual or Annual Shareholder Report. |

----

| DAVIS SERIES, INC.   | Schedule of Investments        |
|----------------------|--------------------------------|
| DAVIS FINANCIAL FUND | September 30, 2013 (Unaudited) |

|                          | Shares/Units                                                  |                          | Value                                   |
|-------------------------------|---------------------------------------------------------------|-------------------------------|-----------------------------------------|
| COMMON STOCK – (96.79%) |
|                          | CONSUMER DISCRETIONARY – (1.63%)                        |
|                          |                                                          | Retailing – (1.63%)     |
|                          |                                                          |                          | Bed Bath & Beyond Inc.  * |   |   | 130,000    |   | $ | 10,059,400    |
|                          |                                                          |                          |                                    | Total Consumer Discretionary |   |   | 10,059,400    |
|                          | CONSUMER STAPLES – (2.90%)                              |
|                          | Food & Staples Retailing – (2.90%)                  |
|                          | CVS Caremark Corp.                                            |                          |                                    | 315,500    |   |   | 17,904,625    |
|                          | Total Consumer Staples                                        |                          |                                    | 17,904,625    |
|                          | ENERGY – (2.87%)                                        |
|                          | Canadian Natural Resources Ltd.  (Canada)           |                          |                                    | 562,990    |   |   | 17,700,406    |
|                          | Total Energy                                                  |                          |                                    | 17,700,406    |
|                          | FINANCIALS – (86.95%)                                   |
|                          | Banks – (13.49%)                                        |
|                          | Commercial Banks – (13.49%)                             |
|                          | ICICI Bank Ltd., ADR  (India)                       |                          |                                    | 121,697    |   |   | 3,709,325    |
|                          | SKBHC Holdings LLC  *(a)                            |                          |                                    | 1,916    |   |   | 8,021,056    |
|                          | State Bank of India Ltd., GDR  (India)              |                          |                                    | 332,813    |   |   | 17,306,276    |
|                          | U.S. Bancorp                                                  |                          |                                    | 30,171    |   |   | 1,103,655    |
|                          | Wells Fargo & Co.                                         |                          |                                    | 1,286,419    |   |   | 53,154,833    |
|                          |                                                          |                          | 83,295,145               |
|                          | Diversified Financials – (43.12%)                       |
|                          | Capital Markets – (25.21%)                              |
|                          | Ameriprise Financial, Inc.                                    |                          |                                    | 111,554    |   |   | 10,160,338    |
|                          | Bank of New York Mellon Corp.                                 |                          |                                    | 1,193,374    |   |   | 36,027,961    |
|                          | Brookfield Asset Management Inc., Class A  (Canada) |                          |                                    | 680,090    |   |   | 25,435,366    |
|                          | Charles Schwab Corp.                                          |                          |                                    | 95,998    |   |   | 2,029,398    |
|                          | Goldman Sachs Group, Inc.                                     |                          |                                    | 126,992    |   |   | 20,091,404    |
|                          | Julius Baer Group Ltd.  (Switzerland)               |                          |                                    | 722,832    |   |   | 33,729,762    |
|                          | Oaktree Capital Group LLC, Class A                            |                          |                                    | 537,600    |   |   | 28,143,360    |
|                          |                                                          | 155,617,589    |
|                          | Consumer Finance – (11.70%)                             |
|                          | American Express Co.                                          |                          |                                    | 941,582    |   |   | 71,108,273    |
|                          | First Marblehead Corp.  *                           |                          |                                    | 1,305,032    |   |   | 1,070,126    |
|                          |                                                          | 72,178,399     |
|                          | Diversified Financial Services – (6.21%)                |
|                          | Bank of America Corp.                                         |                          |                                    | 121,264    |   |   | 1,673,443    |
|                          | Cielo S.A.  (Brazil)                                |                          |                                    | 283,564    |   |   | 7,669,010    |
|                          | Visa Inc., Class A                                            |                          |                                    | 151,737    |   |   | 28,996,941    |
|                          |                                                          | 38,339,394     |
|                          |                                                          |                          | 266,135,382              |
|                          | Insurance – (30.22%)                                    |
|                          | Multi-line Insurance – (10.33%)                         |
|                          | American International Group, Inc.                            |                          |                                    | 713,000    |   |   | 34,673,190    |
|                          | Loews Corp.                                                   |                          |                                    | 621,345    |   |   | 29,041,666    |
|                          |                                                          | 63,714,856     |
|                          | Property & Casualty Insurance – (10.23%)            |
|                          | Markel Corp.  *                                     |                          |                                    | 67,186    |   |   | 34,786,895    |
|                          | Progressive Corp.                                             |                          |                                    | 1,041,565    |   |   | 28,361,815    |
|                          |                                                          | 63,148,710     |

----

| DAVIS SERIES, INC.                 | Schedule of Investments        |
|------------------------------------|--------------------------------|
| DAVIS FINANCIAL FUND - (CONTINUED) | September 30, 2013 (Unaudited) |

|                                   | Shares/Units/Principal                                                                                                                                                                                                                                                                 |                          | Value                         |
|----------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------|-------------------------------|
| COMMON STOCK – (CONTINUED)       |
|                                   | FINANCIALS – (CONTINUED)                                                                                                                                                                                                                                                         |
|                                   |                                                                                                                                                                                                                                                                                   | Insurance – (Continued) |
|                                   |                                                                                                                                                                                                                                                                                   |                          | Reinsurance – (9.66%)   |
|                                   |                                                                                                                                                                                                                                                                                   |                          | Alleghany Corp.  *  |   |   | 75,318    |   | $ | 30,854,019    |
|                                   | Everest Re Group, Ltd.                                                                                                                                                                                                                                                                 |                          |                          | 197,972    |   |   | 28,787,108    |
|                                   |                                                                                                                                                                                                                                                                                   | 59,641,127     |
|                                   |                                                                                                                                                                                                                                                                                   |                          | 186,504,693    |
|                                   | Real Estate – (0.12%)                                                                                                                                                                                                                                                            |
|                                   | Brookfield Property Partners L.P.                                                                                                                                                                                                                                                      |                          |                          | 39,037    |   |   | 756,537    |
|                                   |                                                                                                                                                                                                                                                                                   |                          |                          |   | Total Financials |   |   | 536,691,757    |
|                                   | INFORMATION TECHNOLOGY – (2.44%)                                                                                                                                                                                                                                                 |
|                                   | Software & Services – (2.44%)                                                                                                                                                                                                                                 |
|                                   | Google Inc., Class A  *                                                                                                                                                                                                                                                      |                          |                          | 17,200    |   |   | 15,071,156    |
|                                   | Total Information Technology                                                                                                                                                                                                                                                           |                          |                          | 15,071,156    |
|                                   |                                                                                                                                                                                                                                                                                   |                          |                          |  TOTAL COMMON STOCK – (Identified cost $344,614,291)  |   |   | 597,427,344    |
| SHORT-TERM INVESTMENTS – (3.26%) |
|                                   | Mizuho Securities USA Inc. Joint Repurchase Agreement, 0.11%, 10/01/13, dated 09/30/13, repurchase value of $20,112,061 (collateralized by: U.S. Government agency mortgages and obligations in a pooled cash account, 0.00%-5.00%, 05/15/14-09/20/43, total market value $20,514,240) |                          | $                             | 20,112,000    |   |   | 20,112,000    |
|                                   |  TOTAL SHORT-TERM INVESTMENTS – (Identified cost $20,112,000)                                                                                                                                                                                                          |                          |                          | 20,112,000    |
|                                   | Total Investments – (100.05%) – (Identified cost $364,726,291) – (b)                                                                                                                                                                                                 |                          |                          | 617,539,344    |
|                                   | Liabilities Less Other Assets – (0.05%)                                                                                                                                                                                                                                          |                          |                          | (284,449)    |
|                                   | Net Assets – (100.00%)                                                                                                                                                                                                                                                           |                          | $                             | 617,254,895    |

|   | ADR: American Depositary Receipt |                                                                                                                                                                                                                                                                                                                                                        |
|--------|----------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                             |                                                                                                                                                                                                                                                                                                                                                        |
|   | GDR: Global Depositary Receipt   |                                                                                                                                                                                                                                                                                                                                                        |
|   |                             |                                                                                                                                                                                                                                                                                                                                                        |
|   | *                                | 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 valued under methods approved by the Board of Directors as reflecting fair value. The aggregate value of restricted securities amounted to $8,021,056 or 1.30% of the Fund’s net assets as of September 30, 2013. |
|   |                             |                                                                                                                                                                                                                                                                                                                                                        |
|   | (b)                              | Aggregate cost for federal income tax purposes is $370,226,984. At September 30, 2013 unrealized appreciation (depreciation) of securities for federal income tax purposes is as follows:                                                                                                                                                                   |

|   | Unrealized appreciation     |   | $      | 289,749,296     |
|--------|-----------------------------|--------|--------|--------------------------------|
|   | Unrealized depreciation     |   |   | (42,436,936)    |
|   | Net unrealized appreciation |   | $      | 247,312,360     |

|   | Please refer to "Notes to Schedule of Investments" on page 19 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 Semi-Annual or Annual Shareholder Report. |

----

| DAVIS SERIES, INC.                   | Schedule of Investments        |
|--------------------------------------|--------------------------------|
| DAVIS APPRECIATION & INCOME FUND | September 30, 2013 (Unaudited) |

|                          | Shares                                                             |                              | Value                                  |
|-------------------------------|--------------------------------------------------------------------|-----------------------------------|----------------------------------------|
| COMMON STOCK – (63.43%) |
|                          | CONSUMER DISCRETIONARY – (9.93%)                             |
|                          |                                                               | Consumer Services – (1.71%) |
|                          |                                                               |                              | School Specialty, Inc.  *(a) |   |   | 69,205    |   | $ | 6,055,438    |
|                          | Media – (3.03%)                                              |
|                          | News Corp., Class A  *                                   |                              |                                   | 27,525    |   |   | 442,189    |
|                          | Twenty-First Century Fox, Inc., Class A                            |                              |                                   | 308,256    |   |   | 10,328,117    |
|                          |                                                               |                              | 10,770,306              |
|                          | Retailing – (5.19%)                                          |
|                          | Amazon.com, Inc.  *                                      |                              |                                   | 17,801    |   |   | 5,566,996    |
|                          | Kohl's Corp.                                                       |                              |                                   | 248,000    |   |   | 12,834,000    |
|                          |                                                               |                              | 18,400,996              |
|                          |                                                               |                              |                                   | Total Consumer Discretionary |   |   | 35,226,740    |
|                          | CONSUMER STAPLES – (4.94%)                                   |
|                          | Food & Staples Retailing – (2.35%)                       |
|                          | Whole Foods Market, Inc.                                           |                              |                                   | 142,644    |   |   | 8,342,534    |
|                          | Food, Beverage & Tobacco – (2.59%)                       |
|                          | Tyson Foods, Inc., Class A                                         |                              |                                   | 324,000    |   |   | 9,162,720    |
|                          | Total Consumer Staples                                             |                              |                                   | 17,505,254    |
|                          | ENERGY – (8.84%)                                             |
|                          | Devon Energy Corp.                                                 |                              |                                   | 200,620    |   |   | 11,587,811    |
|                          | Nabors Industries Ltd.                                             |                              |                                   | 626,100    |   |   | 10,055,166    |
|                          | Transocean Ltd.  (Switzerland)                           |                              |                                   | 218,131    |   |   | 9,706,830    |
|                          | Total Energy                                                       |                              |                                   | 31,349,807    |
|                          | FINANCIALS – (10.43%)                                        |
|                          | Diversified Financials – (8.24%)                             |
|                          | Consumer Finance – (2.60%)                                   |
|                          | ADFITECH, Inc.  *                                        |                              |                                   | 266,000    |   |   | 857,850    |
|                          | American Express Co.                                               |                              |                                   | 110,940    |   |   | 8,378,189    |
|                          |                                                               | 9,236,039          |
|                          | Diversified Financial Services – (5.64%)                     |
|                          | Bank of America Corp.                                              |                              |                                   | 668,866    |   |   | 9,230,351    |
|                          | Citigroup Inc.                                                     |                              |                                   | 221,952    |   |   | 10,766,891    |
|                          |                                                               | 19,997,242         |
|                          |                                                               |                              | 29,233,281              |
|                          | Real Estate – (2.19%)                                        |
|                          | Forest City Enterprises, Inc., Class A  *                |                              |                                   | 409,200    |   |   | 7,750,248    |
|                          | Total Financials                                                   |                              |                                   | 36,983,529    |
|                          | HEALTH CARE – (6.50%)                                        |
|                          | Health Care Equipment & Services – (3.37%)               |
|                          | Universal Health Services, Inc., Class B                           |                              |                                   | 159,060    |   |   | 11,927,910    |
|                          | Pharmaceuticals, Biotechnology & Life Sciences – (3.13%) |
|                          | Valeant Pharmaceuticals International, Inc.  (Canada)*   |                              |                                   | 106,486    |   |   | 11,109,684    |
|                          | Total Health Care                                                  |                              |                                   | 23,037,594    |
|                          | INDUSTRIALS – (11.33%)                                       |
|                          | Capital Goods – (8.10%)                                      |
|                          | General Electric Co.                                               |                              |                                   | 354,300    |   |   | 8,464,227    |
|                          | Masco Corp.                                                        |                              |                                   | 438,880    |   |   | 9,339,366    |
|                          | Quanta Services, Inc.  *                                 |                              |                                   | 396,490    |   |   | 10,907,440    |
|                          |                                                               |                              | 28,711,033              |

----

| DAVIS SERIES, INC.                                 | Schedule of Investments        |
|----------------------------------------------------|--------------------------------|
| DAVIS APPRECIATION & INCOME FUND - (CONTINUED) | September 30, 2013 (Unaudited) |

|                                        | Shares/Principal                                                                                                                                                                                                                   |                                                   | Value                                                                 |
|---------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------|-----------------------------------------------------------------------|
| COMMON STOCK – (CONTINUED)            |
|                                        | INDUSTRIALS – (CONTINUED)                                                                                                                                                                                                    |
|                                        |                                                                                                                                                                                                                               | Commercial & Professional Services – (3.23%) |
|                                        |                                                                                                                                                                                                                               |                                                   | Waste Connections, Inc.                                               |   |   | 252,170    |   | $ | 11,451,040    |
|                                        |                                                                                                                                                                                                                               |                                                   |                                                                  | Total Industrials |   |   | 40,162,073    |
|                                        | INFORMATION TECHNOLOGY – (3.74%)                                                                                                                                                                                             |
|                                        | Semiconductors & Semiconductor Equipment – (3.74%)                                                                                                                                                                       |
|                                        | Fairchild Semiconductor International, Inc.  *                                                                                                                                                                           |                                                   |                                                                  | 423,897    |   |   | 5,887,929    |
|                                        | International Rectifier Corp.  *                                                                                                                                                                                         |                                                   |                                                                  | 298,300    |   |   | 7,388,891    |
|                                        |                                                                                                                                                                                                                               |                                                   | 13,276,820                                             |
|                                        | Total Information Technology                                                                                                                                                                                                       |                                                   |                                                                  | 13,276,820    |
|                                        | MATERIALS – (6.09%)                                                                                                                                                                                                          |
|                                        | Allegheny Technologies, Inc.                                                                                                                                                                                                       |                                                   |                                                                  | 402,340    |   |   | 12,279,417    |
|                                        | Freeport-McMoRan Copper & Gold Inc.                                                                                                                                                                                            |                                                   |                                                                  | 184,782    |   |   | 6,112,588    |
|                                        | Molycorp, Inc.  *                                                                                                                                                                                                        |                                                   |                                                                  | 190,300    |   |   | 1,248,368    |
|                                        | United States Steel Corp.                                                                                                                                                                                                          |                                                   |                                                                  | 94,200    |   |   | 1,939,578    |
|                                        | Total Materials                                                                                                                                                                                                                    |                                                   |                                                                  | 21,579,951    |
|                                        | UTILITIES – (1.63%)                                                                                                                                                                                                          |
|                                        | AES Corp.                                                                                                                                                                                                                          |                                                   |                                                                  | 436,116    |   |   | 5,795,982    |
|                                        | Total Utilities                                                                                                                                                                                                                    |                                                   |                                                                  | 5,795,982    |
|                                        |                                                                                                                                                                                                                               |                                                   |  TOTAL COMMON STOCK – (Identified cost $213,918,773)  |   |   | 224,917,750    |
| CONVERTIBLE PREFERRED STOCK – (4.16%) |
|                                        | INDUSTRIALS – (1.93%)                                                                                                                                                                                                        |
|                                        | Transportation – (1.93%)                                                                                                                                                                                                     |
|                                        | Continental Airlines Finance Trust II, 6.00%, Conv. Pfd.                                                                                                                                                                           |                                                   |                                                                  | 153,200    |   |   | 6,822,180    |
|                                        | Total Industrials                                                                                                                                                                                                                  |                                                   |                                                                  | 6,822,180    |
|                                        | UTILITIES – (2.23%)                                                                                                                                                                                                          |
|                                        | AES Trust III, 6.75%, Conv. Pfd.                                                                                                                                                                                                   |                                                   |                                                                  | 156,417    |   |   | 7,918,610    |
|                                        | Total Utilities                                                                                                                                                                                                                    |                                                   |                                                                  | 7,918,610    |
|                                        |  TOTAL CONVERTIBLE PREFERRED STOCK –                        (Identified cost $11,771,498)  |                                                   |                                                                  | 14,740,790    |
| CONVERTIBLE BONDS – (17.90%)          |
|                                        | FINANCIALS – (2.11%)                                                                                                                                                                                                         |
|                                        | Real Estate – (2.11%)                                                                                                                                                                                                        |
|                                        | Forest City Enterprises, Inc., Conv. Sr. Notes, 4.25%, 08/15/18                                                                                                                                                                    |                                                   | $                                                                     | 6,700,000    |   |   | 7,474,687    |
|                                        | Total Financial                                                                                                                                                                                                                    |                                                   |                                                                  | 7,474,687    |
|                                        | INDUSTRIALS – (4.16%)                                                                                                                                                                                                        |
|                                        | Capital Goods – (4.16%)                                                                                                                                                                                                      |
|                                        | United Rentals, Inc., Conv. Sr. Notes, 4.00%, 11/15/15                                                                                                                                                                             |                                                   |                                                                  | 2,819,000    |   |   | 14,760,989    |
|                                        | Total Industrials                                                                                                                                                                                                                  |                                                   |                                                                  | 14,760,989    |
|                                        | INFORMATION TECHNOLOGY – (4.73%)                                                                                                                                                                                             |
|                                        | Semiconductors & Semiconductor Equipment – (4.73%)                                                                                                                                                                       |
|                                        | Intel Corp., Conv. Jr. Sub. Deb., 3.25%, 08/01/39                                                                                                                                                                                  |                                                   |                                                                  | 13,514,000    |   |   | 16,757,428    |
|                                        | Total Information Technology                                                                                                                                                                                                       |                                                   |                                                                  | 16,757,428    |

----

| DAVIS SERIES, INC.                                 | Schedule of Investments        |
|----------------------------------------------------|--------------------------------|
| DAVIS APPRECIATION & INCOME FUND - (CONTINUED) | September 30, 2013 (Unaudited) |

|                                   | Principal                                                                                                                                                                                                                                                                            |   | Value                                            |
|----------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------|
| CONVERTIBLE BONDS – (CONTINUED)  |
|                                   | MATERIALS – (6.90%)                                                                                                                                                                                                                                                            |
|                                   |                                                                                                                                                                                                                                                                                 |   | Molycorp, Inc., Conv. Sr. Notes, 3.25%, 06/15/16 |   | $ | 7,235,000    |   | $ | 5,064,500    |
|                                   | Molycorp, Inc., Conv. Sr. Notes, 6.00%, 09/01/17                                                                                                                                                                                                                                     |   |                                             | 5,548,000    |   |   | 4,414,127    |
|                                   | United States Steel Corp., Conv. Sr. Notes, 2.75%, 04/01/19                                                                                                                                                                                                                          |   |                                             | 13,475,000    |   |   | 14,982,516    |
|                                   | Total Materials                                                                                                                                                                                                                                                                      |   |                                             | 24,461,143    |
|                                   |  TOTAL CONVERTIBLE BONDS – (Identified cost $52,182,277)                                                                                                                                                                                                             |   |                                             | 63,454,247    |
| CORPORATE BONDS – (2.23%)        |
|                                   | CONSUMER DISCRETIONARY – (0.37%)                                                                                                                                                                                                                                               |
|                                   | Retailing – (0.37%)                                                                                                                                                                                                                                                            |
|                                   | Kohl's Corp., Sr. Notes, 6.25%, 12/15/17                                                                                                                                                                                                                                             |   |                                             | 1,132,000    |   |   | 1,307,800    |
|                                   |                                                                                                                                                                                                                                                                                 |   |                                             | Total Consumer Discretionary |   |   | 1,307,800    |
|                                   | FINANCIALS – (0.40%)                                                                                                                                                                                                                                                           |
|                                   | Real Estate – (0.40%)                                                                                                                                                                                                                                                          |
|                                   | Thornburg Mortgage, Inc., Sr. Notes, 8.00%, 05/15/13   (b)                                                                                                                                                                                                            |   |                                             | 13,300,000    |   |   | 1,429,750    |
|                                   | Total Financials                                                                                                                                                                                                                                                                     |   |                                             | 1,429,750    |
|                                   | HEALTH CARE – (0.29%)                                                                                                                                                                                                                                                          |
|                                   | Pharmaceuticals, Biotechnology & Life Sciences – (0.29%)                                                                                                                                                                                                                   |
|                                   | Valeant Pharmaceuticals International, Inc., 144A Sr. Notes, 6.75%, 08/15/21   (Canada)(c)                                                                                                                                                                            |   |                                             | 1,000,000    |   |   | 1,045,000    |
|                                   | Total Health Care                                                                                                                                                                                                                                                                    |   |                                             | 1,045,000    |
|                                   | INDUSTRIALS – (0.35%)                                                                                                                                                                                                                                                          |
|                                   | Capital Goods – (0.35%)                                                                                                                                                                                                                                                        |
|                                   | Masco Corp., Sr. Notes, 6.125%, 10/03/16                                                                                                                                                                                                                                             |   |                                             | 1,109,500    |   |   | 1,232,932    |
|                                   | Total Industrials                                                                                                                                                                                                                                                                    |   |                                             | 1,232,932    |
|                                   | MATERIALS – (0.82%)                                                                                                                                                                                                                                                            |
|                                   | Molycorp, Inc., Sr. Notes, 10.00%, 06/01/20                                                                                                                                                                                                                                          |   |                                             | 2,900,000    |   |   | 2,907,250    |
|                                   | Total Materials                                                                                                                                                                                                                                                                      |   |                                             | 2,907,250    |
|                                   |                                                                                                                                                                                                                                                                                 |   |                                             |  TOTAL CORPORATE BONDS – (Identified cost $16,064,931)  |   |   | 7,922,732    |
| SHORT-TERM INVESTMENTS – (1.77%) |
|                                   | Mizuho Securities USA Inc. Joint Repurchase Agreement, 0.11%, 10/01/13, dated 09/30/13, repurchase value of $6,278,019 (collateralized by: U.S. Government agency mortgages and obligations in a pooled cash account, 0.00%-5.00%, 05/15/14-09/20/43, total market value $6,403,560) |   |                                             | 6,278,000    |   |   | 6,278,000    |
|                                   |  TOTAL SHORT-TERM INVESTMENTS – (Identified cost $6,278,000)                                                                                                                                                                                                         |   |                                             | 6,278,000    |
|                                   | Total Investments – (89.49%) – (Identified cost $300,215,479) – (d)                                                                                                                                                                                                |   |                                             | 317,313,519    |
|                                   | Other Assets Less Liabilities – (10.51%)                                                                                                                                                                                                                                       |   |                                             | 37,258,299    |
|                                   | Net Assets – (100.00%)                                                                                                                                                                                                                                                         |   | $                                                | 354,571,818    |

----

| DAVIS SERIES, INC.                                 | Schedule of Investments        |
|----------------------------------------------------|--------------------------------|
| DAVIS APPRECIATION & INCOME FUND - (CONTINUED) | September 30, 2013 (Unaudited) |

|   | *      | Non-Income producing security.                                                                                                                                                                                                                                                                                                                                                                                                                   |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|   | (a)    | Affiliated Company. Represents ownership of at least 5% of the voting securities of the issuer and is an affiliate, as defined in the Investment Company Act of 1940, at or during the period ended September 30, 2013. The aggregate fair value of the securities of affiliated companies held by the Fund as of September 30, 2013, amounts to $6,055,438. Transactions during the period in which the issuers were affiliates are as follows: |

| Security               |   | SharesDecember 31, 2012                      |   | GrossAdditions (1) |   | GrossReductions |   | SharesSeptember 30, 2013 |   |   | DividendIncome |   |
|------------------------|--------|----------------------------------------------|--------|--------------------|--------|-----------------|--------|--------------------------|--------|--------|----------------|--------|
| School Specialty, Inc. |   | –                                      |   | 69,205             |   | –         |   | 69,205                   |   | $      | –        |   |
|                   |   |                                         |
|                   |   | (1) Gross additions due to corporate action. |

|   | (b)    | This security is in default and is not accruing income. The interest rate shown is the original, contractual interest rate. The Fund may hold securities in default, and is not obligated to dispose of securities whose issuers or underlying obligors subsequently default. As of September 30, 2013, the value of defaulted securities amounted to $1,429,750 (cost: $9,921,191) or 0.40% of the Fund's net assets. |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   | (c)    | This security is subject to Rule 144A. The Board of Directors of the Fund has determined that there is sufficient liquidity in this security to realize current valuations. This security amounted to $1,045,000 or 0.29% of the Fund's net assets as of September 30, 2013.                                                                                                                                           |
|   |   |                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   | (d)    | Aggregate cost for federal income tax purposes is $300,215,479. At September 30, 2013 unrealized appreciation (depreciation) of securities for federal income tax purposes is as follows:                                                                                                                                                                                                                              |

|   | Unrealized appreciation     |   | $      | 67,007,527      |
|--------|-----------------------------|--------|--------|--------------------------------|
|   | Unrealized depreciation     |   |   | (49,909,487)    |
|   | Net unrealized appreciation |   | $      | 17,098,040      |

|   | Please refer to "Notes to Schedule of Investments" on page 19 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 Semi-Annual or Annual Shareholder Report. |

----

| DAVIS SERIES, INC.     | Schedule of Investments        |
|------------------------|--------------------------------|
| DAVIS REAL ESTATE FUND | September 30, 2013 (Unaudited) |

|                          | Shares                                                 |                         | Value  |
|-------------------------------|--------------------------------------------------------|------------------------------|--------|
| COMMON STOCK – (92.18%) |
|                          | FINANCIALS – (89.77%)                            |
|                          | Real Estate – (89.77%)                           |
|                          | Real Estate Investment Trusts (REITs) – (82.10%) |
|                          | Diversified REITs – (7.75%)                      |
|                          | British Land Co. PLC  (United Kingdom)       |                         |   | 90,540    |   | $ | 846,472    |
|                          | Cousins Properties, Inc.                               |                         |   | 84,280    |   |   | 867,241    |
|                          | Land Securities Group PLC  (United Kingdom)  |                         |   | 73,370    |   |   | 1,091,577    |
|                          | Liberty Property Trust                                 |                         |   | 144,810    |   |   | 5,155,236    |
|                          | Vornado Realty Trust                                   |                         |   | 120,444    |   |   | 10,124,523    |
|                          |                                                   | 18,085,049    |
|                          | Industrial REITs – (3.42%)                       |
|                          | DCT Industrial Trust Inc.                              |                         |   | 359,660    |   |   | 2,585,955    |
|                          | EastGroup Properties, Inc.                             |                         |   | 69,470    |   |   | 4,113,319    |
|                          | Prologis, Inc.                                         |                         |   | 34,210    |   |   | 1,286,980    |
|                          |                                                   | 7,986,254     |
|                          | Office REITs – (16.89%)                          |
|                          | Alexandria Real Estate Equities, Inc.                  |                         |   | 98,933    |   |   | 6,316,872    |
|                          | BioMed Realty Trust, Inc.                              |                         |   | 128,540    |   |   | 2,389,559    |
|                          | Boston Properties, Inc.                                |                         |   | 74,570    |   |   | 7,971,533    |
|                          | Corporate Office Properties Trust                      |                         |   | 218,558    |   |   | 5,048,690    |
|                          | Digital Realty Trust, Inc.                             |                         |   | 167,262    |   |   | 8,881,612    |
|                          | DuPont Fabros Technology Inc.                          |                         |   | 229,190    |   |   | 5,906,226    |
|                          | SL Green Realty Corp.                                  |                         |   | 32,580    |   |   | 2,894,407    |
|                          |                                                   | 39,408,899    |
|                          | Residential REITs – (19.50%)                     |
|                          | American Campus Communities, Inc.                      |                         |   | 309,250    |   |   | 10,560,888    |
|                          | AvalonBay Communities, Inc.                            |                         |   | 105,760    |   |   | 13,441,038    |
|                          | BRE Properties, Inc.                                   |                         |   | 63,700    |   |   | 3,233,412    |
|                          | Campus Crest Communities, Inc.                         |                         |   | 210,590    |   |   | 2,274,372    |
|                          | Education Realty Trust, Inc.                           |                         |   | 495,770    |   |   | 4,511,507    |
|                          | Essex Property Trust, Inc.                             |                         |   | 54,020    |   |   | 7,978,754    |
|                          | Post Properties, Inc.                                  |                         |   | 77,580    |   |   | 3,492,652    |
|                          |                                                   | 45,492,623    |
|                          | Retail REITs – (19.77%)           |
|                          | Acadia Realty Trust                                    |                         |   | 110,950    |   |   | 2,738,246    |
|                          | CBL & Associates Properties, Inc.                  |                         |   | 192,560    |   |   | 3,677,896    |
|                          | DDR Corp.                                              |                         |   | 191,800    |   |   | 3,013,178    |
|                          | Federal Realty Investment Trust                        |                         |   | 57,300    |   |   | 5,813,085    |
|                          | General Growth Properties, Inc.                        |                         |   | 256,780    |   |   | 4,953,286    |
|                          | Hammerson PLC  (United Kingdom)              |                         |   | 85,650    |   |   | 694,681    |
|                          | Simon Property Group, Inc.                             |                         |   | 114,972    |   |   | 17,042,300    |
|                          | Tanger Factory Outlet Centers, Inc.                    |                         |   | 117,820    |   |   | 3,846,823    |
|                          | Taubman Centers, Inc.                                  |                         |   | 64,450    |   |   | 4,338,129    |
|                          |                                                   | 46,117,624    |
|                          | Specialized REITs – (14.77%)                     |
|                          | American Tower Corp.                                   |                         |   | 98,390    |   |   | 7,293,651    |
|                          | HCP, Inc.                                              |                         |   | 56,800    |   |   | 2,325,960    |
|                          | Host Hotels & Resorts Inc.                         |                         |   | 290,640    |   |   | 5,135,609    |
|                          | LaSalle Hotel Properties                               |                         |   | 153,670    |   |   | 4,382,668    |

----

| DAVIS SERIES, INC.                   | Schedule of Investments        |
|--------------------------------------|--------------------------------|
| DAVIS REAL ESTATE FUND - (CONTINUED) | September 30, 2013 (Unaudited) |

|                                   | Shares/Principal                                                                                                                                                                                                                                                                     |                            | Value                                                     |
|----------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------|-----------------------------------------------------------|
| COMMON STOCK – (CONTINUED)       |
|                                   | FINANCIALS – (CONTINUED)                                                                                                                                                                                                                                                       |
|                                   |                                                                                                                                                                                                                                                                                 | Real Estate – (Continued) |
|                                   |                                                                                                                                                                                                                                                                                 |                            | Real Estate Investment Trusts (REITs) – (Continued) |
|                                   |                                                                                                                                                                                                                                                                                 |                            | Specialized REITs – (Continued)                     |
|                                   | Public Storage                                                                                                                                                                                                                                                                       |                            |                                                      | 26,850    |   | $ | 4,310,767    |
|                                   | Rayonier Inc.                                                                                                                                                                                                                                                                        |                            |                                                      | 63,230    |   |   | 3,518,750    |
|                                   | Ventas, Inc.                                                                                                                                                                                                                                                                         |                            |                                                      | 121,680    |   |   | 7,483,320    |
|                                   |                                                                                                                                                                                                                                                                                 | 34,450,725       |
|                                   |                                                                                                                                                                                                                                                                                 | 191,541,174      |
|                                   | Real Estate Management & Development – (7.67%)                                                                                                                                                                                                                             |
|                                   | Real Estate Operating Companies – (7.67%)                                                                                                                                                                                                                                      |
|                                   | Forest City Enterprises, Inc., Class A  *                                                                                                                                                                                                                                  |                            |                                                      | 944,484    |   |   | 17,888,527    |
|                                   |                                                                                                                                                                                                                                                                                 |                            |                                                      | Total Financials |   |   | 209,429,701    |
|                                   | TELECOMMUNICATION SERVICES – (2.41%)                                                                                                                                                                                                                                           |
|                                   | SBA Communications Corp., Class A  *                                                                                                                                                                                                                                       |                            |                                                      | 69,850    |   |   | 5,620,131    |
|                                   | Total Telecommunication Services                                                                                                                                                                                                                                                     |                            |                                                      | 5,620,131    |
|                                   |                                                                                                                                                                                                                                                                                 |                            |                                                      |  TOTAL COMMON STOCK – (Identified cost $217,633,183)  |   |   | 215,049,832    |
| PREFERRED STOCK – (0.44%)        |
|                                   | FINANCIALS – (0.44%)                                                                                                                                                                                                                                                           |
|                                   | Real Estate – (0.44%)                                                                                                                                                                                                                                                          |
|                                   | Real Estate Investment Trusts (REITs) – (0.44%)                                                                                                                                                                                                                                |
|                                   | Office REITs – (0.44%)                                                                                                                                                                                                                                                         |
|                                   | DuPont Fabros Technology Inc., 7.625%, Series B                                                                                                                                                                                                                                      |                            |                                                      | 41,000    |   |   | 1,027,563    |
|                                   |  TOTAL PREFERRED STOCK – (Identified cost $1,025,000)                                                                                                                                                                                                                |                            |                                                      | 1,027,563    |
| CONVERTIBLE BONDS – (3.51%)      |
|                                   | FINANCIALS – (3.51%)                                                                                                                                                                                                                                                           |
|                                   | Real Estate – (3.51%)                                                                                                                                                                                                                                                          |
|                                   | Real Estate Investment Trusts (REITs) – (2.82%)                                                                                                                                                                                                                                |
|                                   | Office REITs – (2.82%)                                                                                                                                                                                                                                                         |
|                                   | Digital Realty Trust, L.P., 144A Conv. Sr. Notes, 5.50%, 04/15/29   (a)                                                                                                                                                                                               |                            | $                                                         | 4,815,000    |   |   | 6,590,531    |
|                                   | Real Estate Management & Development – (0.69%)                                                                                                                                                                                                                             |
|                                   | Real Estate Operating Companies – (0.69%)                                                                                                                                                                                                                                      |
|                                   | Forest City Enterprises, Inc., Conv. Sr. Notes, 5.00%, 10/15/16                                                                                                                                                                                                                      |                            |                                                      | 1,040,000    |   |   | 1,600,950    |
|                                   | Total Financials                                                                                                                                                                                                                                                                     |                            |                                                      | 8,191,481    |
|                                   |  TOTAL CONVERTIBLE BONDS – (Identified cost $5,855,000)                                                                                                                                                                                                              |                            |                                                      | 8,191,481    |
| SHORT-TERM INVESTMENTS – (2.17%) |
|                                   | Mizuho Securities USA Inc. Joint Repurchase Agreement, 0.11%, 10/01/13, dated 09/30/13, repurchase value of $5,064,015 (collateralized by: U.S. Government agency mortgages and obligations in a pooled cash account, 0.00%-5.00%, 05/15/14-09/20/43, total market value $5,165,280) |                            |                                                      | 5,064,000    |   |   | 5,064,000    |
|                                   |  TOTAL SHORT-TERM INVESTMENTS – (Identified cost $5,064,000)                                                                                                                                                                                                         |                            |                                                      | 5,064,000    |

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| DAVIS SERIES, INC.                   | Schedule of Investments        |
|--------------------------------------|--------------------------------|
| DAVIS REAL ESTATE FUND - (CONTINUED) | September 30, 2013 (Unaudited) |

|   | Total Investments – (98.30%) – (Identified cost $229,577,183) – (b) |   | $      | 229,332,876    |
|--------|---------------------------------------------------------------------------------------|--------|--------|-------------------------------|
|   | Other Assets Less Liabilities – (1.70%)                                         |   |   | 3,975,021      |
|   | Net Assets – (100.00%)                                                          |   | $      | 233,307,897    |

|   | *      | Non-Income producing security.                                                                                                                                                                                                                                               |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                                                         |
|   | (a)    | This security is subject to Rule 144A. The Board of Directors of the Fund has determined that there is sufficient liquidity in this security to realize current valuations. This security amounted to $6,590,531 or 2.82% of the Fund's net assets as of September 30, 2013. |
|   |   |                                                                                                                                                                                                                                                                         |
|   | (b)    | Aggregate cost for federal income tax purposes is $230,229,783. At September 30, 2013 unrealized appreciation (depreciation) of securities for federal income tax purposes is as follows:                                                                                    |

|   | Unrealized appreciation     |   | $      | 10,518,335      |
|--------|-----------------------------|--------|--------|--------------------------------|
|   | Unrealized depreciation     |   |   | (11,415,242)    |
|   | Net unrealized depreciation |   | $      | (896,907)       |

|   | Please refer to "Notes to Schedule of Investments" on page 19 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 Semi-Annual or Annual Shareholder Report. |

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| DAVIS SERIES, INC. | Notes to Schedule of Investments |
|--------------------|----------------------------------|
|               | September 30, 2013 (Unaudited)   |

|   | 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)                         |

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| DAVIS SERIES, INC. | Notes to Schedule of Investments – (Continued) |
|--------------------|------------------------------------------------------|
|               | September 30, 2013 (Unaudited)                       |

|                                                                                     | Investments in Securities at Value |
|------------------------------------------------------------------------------------------|------------------------------------|
|                                                                                     |                               |   |   |   | Davis |   |   |   | Davis |   |   |
|                                                                                     | Davis                              |   | Davis |   | Government |   | Davis |   | Appreciation |   | Davis |
|                                                                                     | Opportunity                        |   | Government |   | Money Market |   | Financial |   | & Income |   | Real Estate |
|                                                                                     | Fund                               |   | Bond Fund |   | Fund |   | Fund |   | Fund |   | Fund |
| Valuation inputs                                                                         |                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Level 1 – Quoted Prices:                                                           |                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity securities:                                                                       |                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Consumer Discretionary                                                                   | $                                  | 83,441,481 |   | $ | – |   | $ | – |   | $ | 10,059,400 |   | $ | 29,171,302 |   | $ | – |
| Consumer Staples                                                                         |                               | 33,539,907 |   |   | – |   |   | – |   |   | 17,904,625 |   |   | 17,505,254 |   |   | – |
| Energy                                                                                   |                               | 9,061,318 |   |   | – |   |   | – |   |   | 17,700,406 |   |   | 31,349,807 |   |   | – |
| Financials                                                                               |                               | 75,652,774 |   |   | – |   |   | – |   |   | 528,670,701 |   |   | 36,125,679 |   |   | 210,457,264 |
| Health Care                                                                              |                               | 53,039,688 |   |   | – |   |   | – |   |   | – |   |   | 23,037,594 |   |   | – |
| Industrials                                                                              |                               | 70,900,889 |   |   | – |   |   | – |   |   | – |   |   | 40,162,073 |   |   | – |
| Information Technology                                                                   |                               | 95,394,208 |   |   | – |   |   | – |   |   | 15,071,156 |   |   | 13,276,820 |   |   | – |
| Materials                                                                                |                               | 18,347,131 |   |   | – |   |   | – |   |   | – |   |   | 21,579,951 |   |   | – |
| Telecommunication Services                                                               |                               | 231,381 |   |   | – |   |   | – |   |   | – |   |   | – |   |   | 5,620,131 |
| Utilities                                                                                |                               | – |   |   | – |   |   | – |   |   | – |   |   | 13,714,592 |   |   | – |
| Total Level 1                                                                            |                               | 439,608,777 |   |   | – |   |   | – |   |   | 589,406,288 |   |   | 225,923,072 |   |   | 216,077,395 |
|                                                                                     |                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Level 2 – Other Significant                                                        |                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Observable Inputs:                                                                       |                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity securities:                                                                       |                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Consumer Discretionary                                                                   |                               | – |   |   | – |   |   | – |   |   | – |   |   | 6,055,438 |   |   | – |
| Financials                                                                               |                               | – |   |   | – |   |   | – |   |   | – |   |   | 857,850 |   |   | – |
| Industrials                                                                              |                               | – |   |   | – |   |   | – |   |   | – |   |   | 6,822,180 |   |   | – |
| Debt securities issued by U.S. Treasuries and U.S. Government corporations and agencies: |                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Long-term                                                                                |                               | – |   |   | 107,874,249 |   |   | – |   |   | – |   |   | – |   |   | – |
| Short-term                                                                               |                               | – |   |   | – |   |   | 145,245,861 |   |   | – |   |   | – |   |   | – |
| Convertible debt securities                                                              |                               | – |   |   | – |   |   | – |   |   | – |   |   | 63,454,247 |   |   | 8,191,481 |
| Corporate debt securities                                                                |                               | – |   |   | – |   |   | – |   |   | – |   |   | 7,922,732 |   |   | – |
| Short-term securities                                                                    |                               | 33,596,000 |   |   | 762,000 |   |   | 80,938,000 |   |   | 20,112,000 |   |   | 6,278,000 |   |   | 5,064,000 |
| Total Level 2                                                                            |                               | 33,596,000 |   |   | 108,636,249 |   |   | 226,183,861 |   |   | 20,112,000 |   |   | 91,390,447 |   |   | 13,255,481 |
|                                                                                     |                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Level 3 – Significant Unobservable                                                 |                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Inputs:                                                                                  |                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity securities:                                                                       |                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Financials                                                                               |                               | – |   |   | – |   |   | – |   |   | 8,021,056 |   |   | – |   |   | – |
| Total Level 3                                                                            |                               | – |   |   | – |   |   | – |   |   | 8,021,056 |   |   | – |   |   | – |
| Total Investments                                                                        | $                                  | 473,204,777 |   | $ | 108,636,249 |   | $ | 226,183,861 |   | $ | 617,539,344 |   | $ | 317,313,519 |   | $ | 229,332,876 |

----

| DAVIS SERIES, INC. | Notes to Schedule of Investments – (Continued) |
|--------------------|------------------------------------------------------|
|               | September 30, 2013 (Unaudited)                       |

|                                                                                                         |   |   | DavisFinancial Fund |
|--------------------------------------------------------------------------------------------------------------|--------|--------|---------------------|
| Investment Securities:                                                                                       |   |   |                |   |
| Beginning balance                                                                                            |   |   | $                   | 8,504,465  |
| Increase in unrealized depreciation                                                                          |   |   |                | (483,409) |
| Ending balance                                                                                               |   |   | $                   | 8,021,056  |
|                                                                                                         |   |   |                |   |
| Increase in unrealized depreciation during the period on Level 3 securities still held at September 30, 2013 |   |   | $                   | (483,409) |

|                              |   | DavisFinancial Fund                                  |
|-----------------------------------|--------|------------------------------------------------------|
| Assets TableInvestments at Value: |   |                                                 |   |
| Equity securities:                |   |                                                 |   |
| Fair value at September 30, 2013  |   | $                                                    | 8,021,056    |
|                              |   |                                                 |
| Valuation technique               |   | Index-based value adjustment with liquidity discount |
| Unobservable input                |   | Discount rate                                        |
| Amount                            |   | 25%                                                  |

----

|   | (a) | The registrant's principal executive officer and principal financial officer have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) are effective as of a date within 90 days of the filing date of this report. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   |
|--------|--------|

|   | (b) | There have been no significant changes in the registrant's internal controls or in other factors that could significantly affect these controls. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------|

|   | EX-99.CERT - Section 302 Certification |
|--------|----------------------------------------|

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