About Us

Davis Advisors is an independent, employee-owned investment management firm founded in 1969. The firm began managing the Selected Funds in 1993.

Our time-tested investment discipline is offered to clients through mutual funds, variable annuities, separately managed accounts, and offshore funds. Since our founding more than 50 years ago, our mission has been to serve our shareholders and to do so with high integrity.

We seek to build wealth for shareholders through a patient, long-term investment approach. We believe stocks represent ownership interests in businesses and therefore rigorously research company fundamentals. We are highly sensitive to valuation, as price is an important component in generating attractive long-term investment results.

A Number of Unique Attributes Distinguish Davis Advisors:

Fifty Years of Experience

Davis Advisors has successfully managed money through many environments – including periods of inflation, recession, rising and falling energy prices, rising and falling interest rates, and bull and bear markets.1

Consistency of the Davis Investment Discipline

For three generations, the Davis family has built wealth by purchasing durable, well-managed businesses at value prices and holding them for the long term.

Aligned with Shareholders

With more than $2 billion invested in funds and other accounts following the same investment strategy, we experience the same risks and reap the same rewards..2

Long-Term Investment Results

Davis Advisors has a history of delivering strong, consistent investment results through full market cycles.1 Click here to learn more about our long-term results.

Our firm traces its roots to legendary investor Shelby Cullom Davis, a leading financial advisor to governors and presidents, who parlayed an initial investment of $100,000 in the late 1940s into more than $800 million by the end of his career in the early 1990s.3

In 1969, Shelby Cullom Davis’s son, Shelby M.C. Davis, founded Davis Advisors after serving as the head of equity research at The Bank of New York in order to offer the Davis investment approach to outside clients.

The Selected Funds board of directors selected Davis Advisors to begin managing the Selected Funds in 1993. Selected American Shares had been founded in 1933, making it one of the oldest mutual funds in America. Selected Special Shares was founded in 1939 and was renamed the Selected International Fund on May 1, 2011 when its investment strategy was modified to invest in companies outside of the United States. Prior to 1993, the Funds had been advised by a number of different investment advisors.

Today, under the leadership of Christopher C. Davis, Davis Advisors is widely recognized as a premier investment manager serving individual and institutional investors worldwide.

We offer a range of mutual funds each based on our signature Davis Investment Discipline, including the Selected American Shares (large cap equities) and the Selected International Fund (international equities).

"We recognize that our shareholders have placed a tremendous amount of trust in us. We do not take this trust lightly.

As stewards of their capital, we come to work every day with the goal of helping them build the wealth required to reach their long-term financial goals. We strive to achieve this through diligent research and high integrity, all the while invested side by side with them."

Christopher C. Davis, Portfolio Manager,
Selected American Shares

1Selected American Shares (Class S) has outperformed the index since inception. Past performance is not a guarantee of future results.

2As of December 31, 2022

3While Shelby Cullom Davis’ success forms the basis of the Davis Investment Discipline, this was an extraordinary achievement and other investors may not enjoy the same success.

Davis Distributors, LLC, is the distributor of the Funds.