Selected American Shares
SELECTED AMERICAN SHARES INC · 2 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Selected American Shares is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2026 Q2
The Fund seeks both capital growth and income. In the current market environment, income is expected to be low.
The fund invests principally in large-capitalization U.S. common stocks that the adviser identifies through fundamental research as possessing durable competitive advantages and proven management, purchasing them at discounts to the adviser's estimate of intrinsic value based on cash flows and assets. The fund historically has held a significant portion in financial services companies and may also invest in foreign securities and mid- or small-capitalization stocks. Because returns depend on the adviser's security selection and valuation judgments, which involve inherently uncertain predictions and forecasts, results may diverge materially from those of the broader market.
| Share class | Expense ratio |
|---|---|
| SLASX | 0.97% |
| SLADX | 0.65% |
Portfolio turnover 15.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 97.67% |
| Cash & short-term | 2.20% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Financials | 21.1% |
| Health Care | 16.7% |
| International | 16.5% |
| Communication Services | 12.4% |
| 8 smaller | 33.4% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
New: DVN, SAP SE, STONEX REPO, Nomura Repo, BREAN REPO
Exited: COTERRA ENERGY INC, STONEX REPO, CHESHAM FNC/ CHESH LLC, Nomura Repo, BREAN REPO
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +39.10% | +97.55% | +65.60% | 12.15% | -10.29% | |
| +39.54% | +99.50% | +68.31% | 12.16% | -10.23% |
These classes hold the same portfolio, so the 2.71pp spread over 5 years is the cost difference between them — roughly 0.54pp a year — not a difference in what they own.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| GOOGL | ALPHABET INC CL AGOOGL | 6.08% | $357.37 | $127.33M | 356.3K |
| COF | CAPITAL ONE FINANCIAL CORPCOF | 5.91% | $200.62 | $123.83M | 617.2K |
| USB | US BANCORPUSB | 5.07% | $60.40 | $106.13M | 1.8M |
| VTRS | VIATRIS INCVTRS | 4.88% | $15.88 | $102.27M | 6.4M |
| — | SAMSUNG ELECTRONICS CO LTD | 4.66% | $221.90 | $97.57M | 439.7K |
| AMZN | AMAZON.COM INCAMZN | 4.57% | $238.34 | $95.77M | 401.8K |
| MGM | MGM RESORTS INTERNATIONALMGM | 4.57% | $47.81 | $95.77M | 2.0M |
| CVS | CVS HEALTH CORPCVS | 4.52% | $103.45 | $94.68M | 915.3K |
| META | META PLATFORMS INC CLASS AMETA | 4.49% | $563.29 | $94.16M | 167.2K |
| BRK/A | BERKSHIRE HATHAWAY INC CL ABRK/A | 3.86% | $748,850.00 | $80.88M | 108 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 48.61% of net assets, top 25 83.95%, across 45 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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