# EDGAR Filing Document

**Accession Number:** 0000203002
**File Stem:** 0001145549-25-054244
**Filing Date:** 2025-8
**Character Count:** 25964
**Document Hash:** 27f03fd7c948ad5382e5864e54af88a5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-054244.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001145549-25-054244

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DAVIS SERIES INC
- **CENTRAL INDEX KEY:** 0000203002

**ORGANIZATION NAME:**
- **EIN:** 362926440
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02679
- **FILM NUMBER:** 251261089

**BUSINESS ADDRESS:**
- **STREET 1:** 2949 E. ELVIRA ROAD
- **STREET 2:** SUITE 101
- **CITY:** TUCSON
- **STATE:** AZ
- **ZIP:** 85756
- **BUSINESS PHONE:** (520)806-7600

**MAIL ADDRESS:**
- **STREET 1:** 2949 E. ELVIRA ROAD
- **STREET 2:** SUITE 101
- **CITY:** TUCSON
- **STATE:** AZ
- **ZIP:** 85756

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RETIREMENT PLANNING FUNDS OF AMERICA INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Davis Balanced Fund (Series ID: S000003446)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000009543 | Class A      | RPFCX           |
| C000009545 | Class C      | DCSCX           |
| C000009546 | Class Y      | DCSYX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** DAVIS SERIES INC

- **b. Investment Company Act file number:** 811-02679

- **c. CIK number of Registrant:** 0000203002

- **d. LEI of Registrant:** 254900V5R8G1UV68J551

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 2949 E. Elvira Road

  - **City:** Tucson

  - **State:** AZ

  - **Foreign country:** US

  - **Zip / Postal Code:** 85756

  - **Telephone number:** 520-806-7600

**Item A.2. Information about the Series.**

- **a. Name of Series:** Davis Balanced Fund

- **b. EDGAR series identifier (if any):** S000003446

- **c. LEI of Series:** 254900C1B4QGADM32I05

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $272033506.67

**Total Liabilities:** $213511.65

**Net Assets:** $271819995.02

**Cash Not Reported:** $30833.08

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -77.295223700000 | **1-Year:** -169.170112600000 | **5-Year:** -253.633895900000 | **10-Year:** -110.461959800000 | **30-Year:** -0.078639600000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -1.221167300000 | **1-Year:** -110.867008200000 | **5-Year:** -1074.005767800000 | **10-Year:** -148.316848800000 | **30-Year:** -19.583614300000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000009543 | -0.78%               | 2.65%                | 4.44%                |
| Class ID C000009545 | -0.85%               | 2.60%                | 4.36%                |
| Class ID C000009546 | -0.76%               | 2.67%                | 4.47%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3025.30                 | $-2804359.54                               |
| Month 2  | $1890749.37              | $4373476.09                                |
| Month 3  | $-11710.27               | $11388311.05                               |

### Schedule of Portfolio Investments

| Name                           | Title                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BREAN ASSET BACKED SECURITIES  | BREAN ASSET BACKED SECURITIES BABS 2022 RM3 A 144A     | CUSIP: 10638NAA6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    930266 | PA      | $870689.62    | 0.32%             | 2062-02-25      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| FED HM LN PC POOL G60660       | FED HM LN PC POOL G60660                               | CUSIP: 31335AWV6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    619549 | PA      | $632238.91    | 0.23%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE                     | FANNIE MAE FNR 2024 90 B                               | CUSIP: 3136BTYR8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1768915 | PA      | $1783676.19   | 0.66%             | 2051-07-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC                    | FREDDIE MAC FHR 5028 BD                                | CUSIP: 3137FWR85<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    253770 | PA      | $243032.66    | 0.09%             | 2040-10-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC                    | FREDDIE MAC FHR 5386 EA                                | CUSIP: 3137HBXM1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2056934 | PA      | $2060886.49   | 0.76%             | 2050-06-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC                    | FEDERAL HOME LN MTG CORP 06/55 5.75                    | CUSIP: 3137HLLY6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   4019167 | PA      | $3874557.05   | 1.43%             | 2055-06-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FNMA POOL AL8809               | FNMA POOL AL8809                                       | CUSIP: 3138ETYF7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    466889 | PA      | $472754.60    | 0.17%             | 2033-10-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA POOL BM7225               | FNMA POOL BM7225 FN 05/53 FLOATING VAR                 | CUSIP: 3140JCA38<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1669378 | PA      | $1694357.87   | 0.62%             | 2053-05-01      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| FNMA POOL BM7528               | FNMA POOL BM7528 FN 07/54 FLOATING VAR                 | CUSIP: 3140JCLJ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   2911292 | PA      | $2865451.35   | 1.05%             | 2054-06-01      | Variable      | 4.64%                 | No            |                  2 | On Loan: No      |
| FNMA POOL BM7583               | FNMA POOL BM7583 FN 11/54 FLOATING VAR                 | CUSIP: 3140JCM92<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   1723227 | PA      | $1762854.55   | 0.65%             | 2054-11-01      | Variable      | 5.86%                 | No            |                  2 | On Loan: No      |
| GNMA II POOL MA8881            | GNMA II POOL MA8881 G2 05/53 FIXED 6.5                 | CUSIP: 36179X2N5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1183191 | PA      | $1215939.57   | 0.45%             | 2053-05-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GNMA II POOL 786935            | GNMA II POOL 786935 G2 08/73 VARIABLE                  | CUSIP: 3622ACSY7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1487571 | PA      | $1491308.19   | 0.55%             | 2073-08-20      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| GNMA II POOL 787068            | GNMA II POOL 787068                                    | CUSIP: 3622ACW55<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1039019 | PA      | $1012350.22   | 0.37%             | 2073-09-20      | Variable      | 3.89%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | GOLDMAN SACHS GROUP INC SR UNSECURED 03/27 VAR         | CUSIP: 38141GXX7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3505746.79   | 1.29%             | 2027-03-09      | Variable      | 5.11%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE A | GOVERNMENT NATIONAL MORTGAGE A GNR 2020 H16 FN         | CUSIP: 38380QLA8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1102218 | PA      | $1121015.23   | 0.41%             | 2070-09-20      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE A | GOVERNMENT NATIONAL MORTGAGE A GNR 2022 207 BT         | CUSIP: 38383HGM5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    628609 | PA      | $659263.50    | 0.24%             | 2062-12-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE A | GOVERNMENT NATIONAL MORTGAGE A GNR 2023 111 GA         | CUSIP: 38384CJB6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    905082 | PA      | $908785.66    | 0.33%             | 2037-07-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE A | GOVERNMENT NATIONAL MORTGAGE A GNR 2023 147 DV         | CUSIP: 38384DSZ1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1769174 | PA      | $1788182.44   | 0.66%             | 2034-08-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE   | GOVERNMENT NATIONAL MORTGAGE GNR 2023 136 EA           | CUSIP: 38384EW27<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    647719 | PA      | $656489.17    | 0.24%             | 2059-10-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MONTANA HIGHER EDUCATION STUDE | MONTANA HIGHER EDUCATION STUDE MHESA 2012 1 A3         | CUSIP: 61205PAL3<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    920159 | PA      | $917333.31    | 0.34%             | 2043-07-20      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| SBA POOL 530285                | SBA POOL 530285 SBA 01/33 FLOATING VAR                 | CUSIP: 8316A0J76<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    285829 | PA      | $285000.22    | 0.10%             | 2033-01-25      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| SBA POOL 530303                | SBA POOL 530303 SBA 01/33 FLOATING VAR                 | CUSIP: 8316A0KR0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1085253 | PA      | $1092187.57   | 0.40%             | 2033-01-25      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| SBA POOL 530455                | SBA POOL 530455 SBA 11/33 FLOATING VAR                 | CUSIP: 8316A0QH6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   2760744 | PA      | $2770544.40   | 1.02%             | 2033-11-25      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| VIATRIS INC                    | VIATRIS INC COMPANY GUAR 06/30 2.7                     | CUSIP: 92556VAD8<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |   1925000 | PA      | $1715346.88   | 0.63%             | 2030-06-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Nomura Repo                    | Nomura Repo REPO - 01Jul25                             | CUSIP: ARP19B8Y6<br>LEI: OXTKY6Q8X53C9ILVV871 | Long             | RA               | USGA              | US        |   7075000 | PA      | $7075000.00   | 2.60%             | 2025-07-01      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| STONEX REPO                    | STONEX REPO REPO - 01Jul25                             | CUSIP: ARP19B8Z3<br>LEI: 549300LNKU6K5TJCRG93 | Long             | RA               | USGA              | US        |  11858000 | PA      | $11858000.00  | 4.36%             | 2025-07-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| AGCO CORP                      | AGCO CORP COMMON STOCK USD.01                          | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |     36040 | NS      | $3717886.40   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC CL C              | ALPHABET INC CL C                                      | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     34010 | NS      | $6033033.90   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                 | AMAZON.COM INC                                         | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     44080 | NS      | $9670711.20   | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED MATERIALS INC          | APPLIED MATERIALS INC                                  | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     68908 | NS      | $12614987.56  | 4.64%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF NEW YORK MELLON CORP   | BANK OF NEW YORK MELLON CORP                           | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |     69280 | NS      | $6312100.80   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKSHIRE HATHAWAY INC CL B    | BERKSHIRE HATHAWAY INC CL B                            | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |     35796 | NS      | $17388622.92  | 6.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CIGNA GROUP                    | CIGNA CORP COMMON STOCK USD.01                         | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |     16380 | NS      | $5414900.40   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| CHUBB LTD                      | CHUBB LTD                                              | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |     22955 | NS      | $6650522.60   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EAGLE NORTHWEST LLC W | AMERICAN EAGLE NORTHWEST LLC W AMEHSG 12/28 FIXED 5.48 | CUSIP: 02554CAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $938278.86    | 0.35%             | 2028-12-15      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| BREAN ASSET BACKED SECURITIES  | BREAN ASSET BACKED SECURITIES BABS 2021 RM1 A 144A     | CUSIP: 10638CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   1665304 | PA      | $1554649.98   | 0.57%             | 2063-10-25      | Variable      | 1.40%                 | No            |                  2 | On Loan: No      |
| BREAN ASSET BACKED SECURITIES  | BREAN ASSET BACKED SECURITIES BABS 2021 RM2 A 144A     | CUSIP: 10638MAA8<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    492904 | PA      | $473270.86    | 0.17%             | 2061-10-25      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                | CVS HEALTH CORP COMMON STOCK USD.01                    | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |    180220 | NS      | $12431575.60  | 4.57%             |  |  |  | No            |                  1 | On Loan: No      |
| COTERRA ENERGY INC             | COTERRA ENERGY INC COMMON STOCK USD.1                  | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |    112220 | NS      | $2848143.60   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP     | CAPITAL ONE FINANCIAL CORP                             | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     83261 | NS      | $17714610.36  | 6.52%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC CLASS A     | META PLATFORMS INC CLASS A                             | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      8752 | NS      | $6459763.68   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| HUMANA INC                     | HUMANA INC                                             | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |     22400 | NS      | $5476352.00   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DANSKE BANK A/S                | DANSKE BANK A/S                                        | CUSIP: 458882909<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | EC               | CORP              | DK        |    150800 | NS      | $6159245.18   | 2.27%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE + CO            | JPMORGAN CHASE + CO                                    | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     18613 | NS      | $5396094.83   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| MARKEL GROUP INC               | MARKEL CORP                                            | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |      2640 | NS      | $5273030.40   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                 | MICROSOFT CORP                                         | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      8411 | NS      | $4183715.51   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| DBS GROUP HOLDINGS LTD         | DBS GROUP HOLDINGS LTD                                 | CUSIP: 617520903<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |    210417 | NS      | $7428151.36   | 2.73%             |  |  |  | No            |                  2 | On Loan: No      |
| OWENS CORNING                  | OWENS CORNING COMMON STOCK USD.001                     | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |     37600 | NS      | $5170752.00   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| QUEST DIAGNOSTICS INC          | QUEST DIAGNOSTICS INC COMMON STOCK USD.01              | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |     74140 | NS      | $13317768.20  | 4.90%             |  |  |  | No            |                  1 | On Loan: No      |
| SOLVENTUM CORP                 | SOLVENTUM CORP COMMON STOCK                            | CUSIP: 83444M101<br>LEI: 254900I70403OSGY4M28 | Long             | EC               | CORP              | US        |    113020 | NS      | $8571436.80   | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS INSTRUMENTS INC          | TEXAS INSTRUMENTS INC                                  | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     26473 | NS      | $5496324.26   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TOURMALINE OIL CORP            | TOURMALINE OIL CORP COMMON STOCK                       | CUSIP: 89156V957<br>LEI: 894500I7AXG91VB3PM28 | Long             | EC               | CORP              | CA        |     98280 | NS      | $4741689.74   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP                     | US BANCORP                                             | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |     32635 | NS      | $1476733.75   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC         | UNITEDHEALTH GROUP INC COMMON STOCK USD.01             | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      6960 | NS      | $2171311.20   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| VALE SA SP ADR                 | VALE SA SP ADR ADR                                     | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |    296950 | NS      | $2883384.50   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| VIATRIS INC                    | VIATRIS INC COMMON STOCK                               | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |   1104050 | NS      | $9859166.50   | 3.63%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO + CO               | WELLS FARGO + CO                                       | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     79238 | NS      | $6348548.56   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| JULIUS BAER GROUP LTD          | JULIUS BAER GROUP LTD                                  | CUSIP: B4R2R5908<br>LEI: 5299007MF0604ZGJER92 | Long             | EC               | CORP              | CH        |    103520 | NS      | $7022262.93   | 2.58%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA GROUP LTD                  | AIA GROUP LTD COMMON STOCK                             | CUSIP: B4TX8S909<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |    284360 | NS      | $2575857.74   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| JOHNSON CONTROLS INTERNATION   | JOHNSON CONTROLS INTERNATION                           | CUSIP: G51502105<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |     29977 | NS      | $3166170.74   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-29

**Name of Applicant:** DAVIS SERIES INC

**Signature:** Doug A. Haines

**Name of Signer:** Doug A. Haines

**Title:** Treasurer