HOME  >  RESEARCH ALLIANCE  >  Selected Funds and Clipper Fund

Selected Funds and Clipper Fund

About Us
Davis Advisors is an independent, employee-owned investment management firm founded in 1969. The firm began managing the Selected Funds in 1993 and Clipper Fund in 2006.

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 45 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. 

The Importance of Working with a Financial Advisor

A Number of Unique Attributes Distinguish Davis Advisors:

Sixty 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 side by side with clients, 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 Selected Funds long-term results. Click here to learn more about Clipper Fund long-term results.

Our firm traces its roots to legendary investor Shelby Cullom Davis, a leading financial advisor to governors and presidents, who parlayed in 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. 

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.

The Clipper Fund board of directors selected Davis Advisors to begin managing the Clipper Fund in 2006. The Clipper Fund was founded in 1984. Prior to that date, the Fund had been advised by a different investment advisor. 

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).

Chris Davis

"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 and Clipper Fund

Selected Funds

Selected American Shares is one of the nation’s premier large cap domestic equity funds. For more than 20 years, our time-tested investment discipline has been applied to build and preserve wealth. As the largest shareholder, we have a unique commitment to client stewardship.



About Us


Selected Family of Funds


Investment Process

What we Look For In A Company

How Much to Pay

Sell Discpline

Investor Education

Investment Team

Go to the Selected Funds Website

Selected Funds
2949 E. Elvira Road, Suite 101
Tucson, AZ 85756

Clipper Fund

Clipper Fund, Inc. (the "Fund") is a no-load equity mutual fund with a long-term investment horizon. The Fund is advised by Davis Selected Advisers, L.P., which seeks to invest in durable, well-managed businesses that can be purchased at value prices and held for the long-term. The Davis family, directors, and employees have more than $2 billion of their own money invested side by side with our shareholders in the various mutual funds managed by the firm. This helps ensure that our interests are closely aligned with those of our clients.



About the Clipper Fund


Fund Literature

Go to the Clipper Fund website 

Clipper Fund
PO Box 55468
Boston, MA 02205-5468






1Past performance is not a guarantee of future results.

2As of June 30, 2016.

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.


Take the complexity out of navigating the investment landscape for your clients. Sign up below to receive free Litman Gregory research.