Selected American Shares Inc. Class S
SLASX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 2949 E. Elvira Road Tucson AZ United States of America 85756
- IPO Date
- Jan 2, 1980
- CIK
- 0000088808
- Website
- selectedfund.com
- Similar Companies
- Business
- Selected American Shares Inc. Class S (SLASX) is an open-end mutual fund that seeks both capital growth and income through a diversified portfolio of equity securities issued primarily by large American companies. The fund invests at least 80% of its net assets, plus any borrowing for investment purposes, in common stocks of U.S. companies with market capitalizations generally exceeding $10 billion, emphasizing high-quality businesses with strong balance sheets, capable management, and attractive long-term prospects; its strategy focuses on value investing, targeting undervalued securities across sectors such as financial services, healthcare, communication services, technology, and consumer cyclical, with top holdings including Meta Platforms Inc., Berkshire Hathaway Inc., and Capital One Financial Corp. Managed by Davis Selected Advisers, L.P., an independent, employee-owned firm founded in 1969 and headquartered in New York, the fund was launched on February 28, 1933, with current total net assets of approximately $1.8 billion, a net expense ratio of 0.99%, and low portfolio turnover of 9%; it serves individual and institutional investors seeking large-blend exposure with a long-term horizon. The fund operates domestically with some international exposure through non-U.S. stocks comprising about 18.56% of assets as of recent reports. In recent developments, the fund posted a six-month return of +11.29% ended June 30, 2025, and year-to-date performance reflecting strong contributions from its concentrated portfolio amid market volatility; portfolio manager commentaries highlight ongoing adherence to a benchmark-agnostic, high-conviction approach without major strategic shifts, acquisitions, or partnerships announced in 2024-2025, while year-end distributions were issued in December 2025; Davis Advisors continues to emphasize patient investing in quality companies during high-multiple market conditions.