Davis Selected Advisers Lp
- Regulatory AUM
- $30.1B
- Discretionary
- $25.6B
- Clients
- 109
- Avg AUM / client
- $276M
- Accounts
- 109
- Employees
- 121
AUM over time
Annual snapshots from Form ADV filings · as of Mar 19, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 21 | $8.9M | 0.03% |
| High net worth individuals | 28 | $150M | 0.5% |
| Banking or thrift institutions | 0 | $0 | — |
| Investment companies | 20 | $16.4B | 54.4% |
| Pooled investment vehicles (non-investment companies) | 5 | $975M | 3.24% |
| Pension and profit sharing plans | 3 | $38.7M | 0.13% |
| Charitable organizations | 9 | $5.0B | 16.6% |
| State or municipal government entities | 0 | $0 | — |
| Other investment advisers | 20 | $7.1B | 23.5% |
| Insurance companies | 0 | $0 | — |
| Sovereign wealth funds and foreign official institutions | 0 | $0 | — |
| Corporations and other businesses | 3 | $497M | 1.65% |
People (8)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Davis, Shelby, Moore Cullom | Shareholder | Dec 1968 (58y) | ≈ 7.5% – 25% via Venture Advisers, Inc. | |
| Davis, Christopher, Cullom | Limited Partner | May 1992 (34y) | ≈ 0% – 5% via Davis Investments, Llc | |
| Davis, Andrew, Adams | Limited Partner | Feb 1993 (34y) | 25% – 50% | |
| Wiese, Russell, Otis | Chief Marketing Officer | Sep 1994 (32y) | 10% – 25% | |
| Eich, Kenneth, Charles | Chief Operating Officer | Mar 1997 (29y) | Less than 5% | |
| Tyc, Gary, Paul | Vice President, Chief Financial Officer | May 1998 (28y) | Less than 5% | |
| Cohen, Lisa, J | Vice President, Chief Legal Officer | Jun 2021 (5y) | Less than 5% | |
| Mcloughry, Michaela | Chief Compliance Officer | Feb 2023 (4y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Venture Advisers, Inc. | Limited Partner | Feb 1968 | A | 10% – 25% |
| Davis Investments, Llc | General Partner | Dec 2000 | A | Less than 5% |
Undisclosed: 0% – 30% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Davis, Shelby, Moore Cullom: 75% – 100% of Venture Advisers, Inc. × 10% – 25% direct ≈ 7.5% – 25% of the firm
- Davis, Christopher, Cullom: 75% – 100% of Davis Investments, Llc × 0% – 5% direct ≈ 0% – 5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/19/2026 | 1.15 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: IN JUNE OF 2014 AND IN AUGUST OF 2014, TWO SEPARATE CLASS ACTION LAWSUITS WERE FILED IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK ON BEHALF OF INVESTORS IN DNYVF AGAINST DAVIS SELECTED ADVISERS, L.P. AND DAVIS SELECTED ADVISERS - N.Y., INC. (DNYVF'S SUB-ADVISER). THE PLAINTIFFS CLAIM THAT THE DEFENDANTS (THE "DAVIS ENTITIES") CHARGED DNYVF EXCESSIVE FEES TO MANAGE DNYVF. Status: Final Summary: IN JUNE OF 2014 AND IN AUGUST OF 2014, TWO SEPARATE CLASS ACTION LAWSUITS WERE FILED IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK ON BEHALF OF INVESTORS IN DNYVF AGAINST DAVIS SELECTED ADVISERS, L.P. AND DAVIS SELECTED ADVISERS - N.Y., INC. (DNYVF'S SUB-ADVISER). THE PLAINTIFFS CLAIM THAT THE DEFENDANTS (THE "DAVIS ENTITIES") CHARGED DNYVF EXCESSIVE FEES TO MANAGE DNYVF. IN SEPTEMBER OF 2014, THESE TWO CLAIMS WERE CONSOLIDATED INTO ONE LAWSUIT. THE LAWSUIT SEEKS MONETARY DAMAGES AND OTHER RELIEF. THE DAVIS ENTITIES BELIEVE THAT THE ACTION IS WITHOUT MERIT AND HAVE UNDERTAKEN A VIGOROUS DEFENSE IN THESE PROCEEDINGS. ALTHOUGH NO DETERMINATION CAN BE MADE AT THIS TIME, IT IS NOT ANTICIPATED THAT THIS LAWSUIT WILL HAVE A MATERIAL ADVERSE EFFECT ON THE DAVIS ENTITIES, THEIR ASSETS, OR THE FUND. ON MAY 30, 2019, THE COURT GRANTED THE DAVIS ENTITIES MOTION FOR SUMMARY JUDGEMENT AND DISSMISSED THE COMPLAINT. ON MAY 22, 2020 THE COURT OF APPEALS AFFIRMED THE LOWER COURTS DISMISSAL.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Firm reports it does not have custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 19, 2026.
View current Form ADV (SEC/IAPD) ↗