Shareholder Report | 12 Months Ended |
Jul. 31, 2024 USD ($) Holding |
Shareholder Report [Line Items] | |
Document Type | N-CSR |
Amendment Flag | false |
Registrant Name | DAVIS NEW YORK VENTURE FUND INC |
Entity Central Index Key | 0000071701 |
Document Period End Date | Jul. 31, 2024 |
C000009516 [Member] | |
Shareholder Report [Line Items] | |
Fund Name | Davis New York Venture Fund |
Class Name | Class A |
Trading Symbol | NYVTX |
Annual or Semi-Annual Statement [Text Block] | This Annual shareholder report contains important information about the Davis New York Venture Fund (the “Fund”) for the period of August 1, 2023 to July 31, 2024 (the “period”). |
Shareholder Report Annual or Semi-Annual | Annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at davisfunds.com/resources/regulatory-documents |
Additional Information Phone Number | 1-800-279-0279 |
Additional Information Website | davisfunds.com/resources/regulatory-documents |
Expenses [Text Block] | What were the Fund expenses for the last year? (Based on a hypothetical $10,000 investment) Fund (Class) Costs of $10,000 investment Costs paid as a percentage of a $10,000 investment Davis New York Venture Fund $ 0.92 % |
Expenses Paid, Amount | $ 101.01 |
Expense Ratio, Percent | 0.92% |
Factors Affecting Performance [Text Block] | Management’s Discussion of Fund Performance Summary of Results The Fund underperformed the Standard & Poor’s 500 Index (“S&P 500 or the “Index”) for the period. The Fund’s Class A shares delivered a total return on net asset value of 19.59%, versus a 22.15% return for the S&P 500. The Fund invests principally in common stocks (including American Depositary Receipts) issued by large companies with market capitalizations of at least $10 billion. The Fund continues to invest a significant portion of its assets in financial services and foreign companies. Market Overview S&P 500 Strongest performing sectors - Information Technology (+35%), Communication Services (+30%), Weakest performing sectors - Consumer Staples (+8), Materials (+10%), and Energy (+10%) Detractors from Performance Information Technology - underperformed the Index sector (+21% vs +35%) and underweight (average weighting 12% vs 29%) Financials - underperformed the Index sector (+23% vs +26%) Ping An Insurance (-35%) - largest individual detractor AIA Group (-31%) and Julius Baer Group (-19%) Individual holdings Darling Ingredients (-43%), JD.com (-34%), IAC (-24%), AGCO (-13%), OCI (-12%), and MGM Resorts (-15%) AGCO - new purchase during the period Contributors to Performance Communication Services - outperformed the Index sector (+39% vs +30%) and overweight (average weighting 13% vs 9%) Meta Platforms (+49%) - largest individual contributor Alphabet (+29%) Significantly overweight in stronger performing Financials sector - (average weighting 44% vs 13%) Wells Fargo (+32%), Capital One Financial (+32%), Berkshire Hathaway (+23%), Bank of New York Mellon (+48%), Danske Bank (+38%), and JPMorgan Chase (+38%) Underweight in Consumer Staples (average weighting 1% vs 6%) and Energy (average weighting less than 1% vs 4%), two of the weakest performing sectors of the Index Individual holdings Amazon.com (+40%) and Applied Materials (+41%) |
Performance Past Does Not Indicate Future [Text] | The performance data quoted in this report represents past performance, assumes that all distributions were reinvested, and is not a guarantee of future results. |
Line Graph [Table Text Block] | Fund Performance The following graph compares the initial and subsequent account values of a $10,000 investment in the Fund and the S&P 500 Index over 10 fiscal years for an investment made on July 31 , GROWTH OF $10,000 |
Average Annual Return [Table Text Block] | AVERAGE ANNUAL TOTAL RETURN FOR PERIODS ENDED 07/31/24 1 Year 5 Years 10 Years Davis New York Venture Fund (Class A) — Without sales charge 19.59 % 11.03 % 9.92 % Davis New York Venture Fund (Class A) — With sales charge* 13.90 % 9.96 % 9.40 % S&P 500 Index 22.15 % 14.98 % 13.14 % * Reflects 4.75% front-end sales charge. |
No Deduction of Taxes [Text Block] | Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
Updated Performance Information Location [Text Block] | For most recent month-end performance information, please call Investor Services at 1-800-279-0279 or visit the Fund’s website at www.davisfunds.com. |
Net Assets | $ 6,700,000,000 |
Holdings Count | Holding | 45 |
Advisory Fees Paid, Amount | $ 34,000,000 |
Investment Company Portfolio Turnover | 17% |
Additional Fund Statistics [Text Block] | Key Fund Statistics Fund net assets as of 07/31/24 (in billions) $ % Total number of portfolio holdings as of 07/31/24 $ % Portfolio turnover rate for the period $ % Total advisory fees paid for the period (in millions) $ % |
Holdings [Text Block] | Top Sectors as of 07/31/24 Net Assets Financials 38.52 % Health Care 13.22 % Communication Services 12.82 % Information Technology 12.26 % Consumer Discretionary 10.53 % |
C000009517 [Member] | |
Shareholder Report [Line Items] | |
Fund Name | Davis New York Venture Fund |
Class Name | Class B |
Trading Symbol | NYVBX |
Annual or Semi-Annual Statement [Text Block] | This Annual shareholder report contains important information about the Davis New York Venture Fund (the “Fund”) for the period of August 1, 2023 to July 31, 2024 (the “period”). |
Shareholder Report Annual or Semi-Annual | Annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at davisfunds.com/resources/regulatory-documents |
Additional Information Phone Number | 1-800-279-0279 |
Additional Information Website | davisfunds.com/resources/regulatory-documents |
Expenses [Text Block] | What were the Fund expenses for the last year? (Based on a hypothetical $10,000 investment) Fund (Class) Costs of $10,000 investment Costs paid as a percentage of a $10,000 investment Davis New York Venture Fund $ 1.75 % |
Expenses Paid, Amount | $ 191.27 |
Expense Ratio, Percent | 1.75% |
Factors Affecting Performance [Text Block] | Management’s Discussion of Fund Performance Summary of Results The Fund underperformed the Standard & Poor’s 500 Index (“S&P 500 or the “Index”) for the period. The Fund’s Class B shares delivered a total return on net asset value of 18.59%, versus a 22.15% return for the S&P 500. The Fund invests principally in common stocks (including American Depositary Receipts) issued by large companies with market capitalizations of at least $10 billion. The Fund continues to invest a significant portion of its assets in financial services and foreign companies. Market Overview S&P 500 Strongest performing sectors - Information Technology (+35%), Communication Services (+30%), Weakest performing sectors - Consumer Staples (+8), Materials (+10%), and Energy (+10%) Detractors from Performance Information Technology - underperformed the Index sector (+21% vs +35%) and underweight (average weighting 12% vs 29%) Financials - underperformed the Index sector (+23% vs +26%) Ping An Insurance (-35%) - largest individual detractor AIA Group (-31%) and Julius Baer Group (-19%) Individual holdings Darling Ingredients (-43%), JD.com (-34%), IAC (-24%), AGCO (-13%), OCI (-12%), and MGM Resorts (-15%) AGCO - new purchase during the period Contributors to Performance Communication Services - outperformed the Index sector (+39% vs +30%) and overweight (average weighting 13% vs 9%) Meta Platforms (+49%) - largest individual contributor Alphabet (+29%) Significantly overweight in stronger performing Financials sector - (average weighting 44% vs 13%) Wells Fargo (+32%), Capital One Financial (+32%), Berkshire Hathaway (+23%), Bank of New York Mellon (+48%), Danske Bank (+38%), and JPMorgan Chase (+38%) Underweight in Consumer Staples (average weighting 1% vs 6%) and Energy (average weighting less than 1% vs 4%), two of the weakest performing sectors of the Index Individual holdings Amazon.com (+40%) and Applied Materials (+41%) |
Performance Past Does Not Indicate Future [Text] | The performance data quoted in this report represents past performance, assumes that all distributions were reinvested, and is not a guarantee of future results. |
Line Graph [Table Text Block] | Fund Performance The following graph compares the initial and subsequent account values of a $10,000 investment in the Fund and the S&P 500 Index over 10 fiscal years for an investment made on July 31 , GROWTH OF $10,000 |
Average Annual Return [Table Text Block] | AVERAGE ANNUAL TOTAL RETURN FOR PERIODS ENDED 07/31/24 1 Year 5 Years 10 Years Davis New York Venture Fund (Class B) — Without CDSC* 18.59 % 10.09 % 9.20 % Davis New York Venture Fund (Class B) — With CDSC*,** 14.59 % 9.86 % 9.20 % S&P 500 Index 22.15 % 14.98 % 13.14 % * Because Class B shares automatically convert to Class A shares after 7 years, the “10-Year” returns for Class B reflect Class A performance for the period after conversion. ** Includes any applicable contingent deferred sales charge (“CDSC”). |
No Deduction of Taxes [Text Block] | Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
Updated Performance Information Location [Text Block] | For most recent month-end performance information, please call Investor Services at 1-800-279-0279 or visit the Fund’s website at www.davisfunds.com. |
Net Assets | $ 6,700,000,000 |
Holdings Count | Holding | 45 |
Advisory Fees Paid, Amount | $ 34,000,000 |
Investment Company Portfolio Turnover | 17% |
Additional Fund Statistics [Text Block] | Key Fund Statistics Fund net assets as of 07/31/24 (in billions) $ % Total number of portfolio holdings as of 07/31/24 $ % Portfolio turnover rate for the period $ % Total advisory fees paid for the period (in millions) $ % |
Holdings [Text Block] | Top Sectors as of 07/31/24 Net Assets Financials 38.52 % Health Care 13.22 % Communication Services 12.82 % Information Technology 12.26 % Consumer Discretionary 10.53 % |
C000009518 [Member] | |
Shareholder Report [Line Items] | |
Fund Name | Davis New York Venture Fund |
Class Name | Class C |
Trading Symbol | NYVCX |
Annual or Semi-Annual Statement [Text Block] | This Annual shareholder report contains important information about the Davis New York Venture Fund (the “Fund”) for the period of August 1, 2023 to July 31, 2024 (the “period”). |
Shareholder Report Annual or Semi-Annual | Annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at davisfunds.com/resources/regulatory-documents |
Additional Information Phone Number | 1-800-279-0279 |
Additional Information Website | davisfunds.com/resources/regulatory-documents |
Expenses [Text Block] | What were the Fund expenses for the last year? (Based on a hypothetical $10,000 investment) Fund (Class) Costs of $10,000 investment Costs paid as a percentage of a $10,000 investment Davis New York Venture Fund $ 1.75 % |
Expenses Paid, Amount | $ 191.26 |
Expense Ratio, Percent | 1.75% |
Factors Affecting Performance [Text Block] | Management’s Discussion of Fund Performance Summary of Results The Fund underperformed the Standard & Poor’s 500 Index (“S&P 500 or the “Index”) for the period. The Fund’s Class C shares delivered a total return on net asset value of 18.58%, versus a 22.15% return for the S&P 500. The Fund invests principally in common stocks (including American Depositary Receipts) issued by large companies with market capitalizations of at least $10 billion. The Fund continues to invest a significant portion of its assets in financial services and foreign companies. Market Overview S&P 500 Strongest performing sectors - Information Technology (+35%), Communication Services (+30%), Weakest performing sectors - Consumer Staples (+8), Materials (+10%), and Energy (+10%) Detractors from Performance Information Technology - underperformed the Index sector (+21% vs +35%) and underweight (average weighting 12% vs 29%) Financials - underperformed the Index sector (+23% vs +26%) Ping An Insurance (-35%) - largest individual detractor AIA Group (-31%) and Julius Baer Group (-19%) Individual holdings Darling Ingredients (-43%), JD.com (-34%), IAC (-24%), AGCO (-13%), OCI (-12%), and MGM Resorts (-15%) AGCO - new purchase during the period Contributors to Performance Communication Services - outperformed the Index sector (+39% vs +30%) and overweight (average weighting 13% vs 9%) Meta Platforms (+49%) - largest individual contributor Alphabet (+29%) Significantly overweight in stronger performing Financials sector - (average weighting 44% vs 13%) Wells Fargo (+32%), Capital One Financial (+32%), Berkshire Hathaway (+23%), Bank of New York Mellon (+48%), Danske Bank (+38%), and JPMorgan Chase (+38%) Underweight in Consumer Staples (average weighting 1% vs 6%) and Energy (average weighting less than 1% vs 4%), two of the weakest performing sectors of the Index Individual holdings Amazon.com (+40%) and Applied Materials (+41%) |
Performance Past Does Not Indicate Future [Text] | The performance data quoted in this report represents past performance, assumes that all distributions were reinvested, and is not a guarantee of future results. |
Line Graph [Table Text Block] | Fund Performance The following graph compares the initial and subsequent account values of a $10,000 investment in the Fund and the S&P 500 Index over 10 fiscal years for an investment made on July 31 , GROWTH OF $10,000 |
Average Annual Return [Table Text Block] | AVERAGE ANNUAL TOTAL RETURN FOR PERIODS ENDED 07/31/24 1 Year 5 Years 10 Years Davis New York Venture Fund (Class C) — Without CDSC* 18.58 % 10.12 % 9.23 % Davis New York Venture Fund (Class C) — With CDSC*,** 17.58 % 10.12 % 9.23 % S&P 500 Index 22.15 % 14.98 % 13.14 % * Because Class C shares automatically convert to Class A shares after 8 years, the “10-Year” returns for Class C reflect Class A performance for the period after conversion. ** Includes any applicable contingent deferred sales charge (“CDSC”). |
No Deduction of Taxes [Text Block] | Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
Updated Performance Information Location [Text Block] | For most recent month-end performance information, please call Investor Services at 1-800-279-0279 or visit the Fund’s website at www.davisfunds.com. |
Net Assets | $ 6,700,000,000 |
Holdings Count | Holding | 45 |
Advisory Fees Paid, Amount | $ 34,000,000 |
Investment Company Portfolio Turnover | 17% |
Additional Fund Statistics [Text Block] | Key Fund Statistics Fund net assets as of 07/31/24 (in billions) $ % Total number of portfolio holdings as of 07/31/24 $ % Portfolio turnover rate for the period $ % Total advisory fees paid for the period (in millions) $ % |
Holdings [Text Block] | Top Sectors as of 07/31/24 Net Assets Financials 38.52 % Health Care 13.22 % Communication Services 12.82 % Information Technology 12.26 % Consumer Discretionary 10.53 % |
C000009520 [Member] | |
Shareholder Report [Line Items] | |
Fund Name | Davis New York Venture Fund |
Class Name | Class R |
Trading Symbol | NYVRX |
Annual or Semi-Annual Statement [Text Block] | This Annual shareholder report contains important information about the Davis New York Venture Fund (the “Fund”) for the period of August 1, 2023 to July 31, 2024 (the “period”). |
Shareholder Report Annual or Semi-Annual | Annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at davisfunds.com/resources/regulatory-documents |
Additional Information Phone Number | 1-800-279-0279 |
Additional Information Website | davisfunds.com/resources/regulatory-documents |
Expenses [Text Block] | What were the Fund expenses for the last year? (Based on a hypothetical $10,000 investment) Fund (Class) Costs of $10,000 investment Costs paid as a percentage of a $10,000 investment Davis New York Venture Fund $ 1.20 % |
Expenses Paid, Amount | $ 131.53 |
Expense Ratio, Percent | 1.20% |
Factors Affecting Performance [Text Block] | Management’s Discussion of Fund Performance Summary of Results The Fund underperformed the Standard & Poor’s 500 Index (“S&P 500 or the “Index”) for the period. The Fund’s Class R shares delivered a total return of 19.22%, versus a 22.15% return for the S&P 500. The Fund invests principally in common stocks (including American Depositary Receipts) issued by large companies with market capitalizations of at least $10 billion. The Fund continues to invest a significant portion of its assets in financial services and foreign companies. Market Overview S&P 500 Strongest performing sectors - Information Technology (+35%), Communication Services (+30%), Weakest performing sectors - Consumer Staples (+8), Materials (+10%), and Energy (+10%) Detractors from Performance Information Technology - underperformed the Index sector (+21% vs +35%) and underweight (average weighting 12% vs 29%) Financials - underperformed the Index sector (+23% vs +26%) Ping An Insurance (-35%) - largest individual detractor AIA Group (-31%) and Julius Baer Group (-19%) Individual holdings Darling Ingredients (-43%), JD.com (-34%), IAC (-24%), AGCO (-13%), OCI (-12%), and MGM Resorts (-15%) AGCO - new purchase during the period Contributors to Performance Communication Services - outperformed the Index sector (+39% vs +30%) and overweight (average weighting 13% vs 9%) Meta Platforms (+49%) - largest individual contributor Alphabet (+29%) Significantly overweight in stronger performing Financials sector - (average weighting 44% vs 13%) Wells Fargo (+32%), Capital One Financial (+32%), Berkshire Hathaway (+23%), Bank of New York Mellon (+48%), Danske Bank (+38%), and JPMorgan Chase (+38%) Underweight in Consumer Staples (average weighting 1% vs 6%) and Energy (average weighting less than 1% vs 4%), two of the weakest performing sectors of the Index Individual holdings Amazon.com (+40%) and Applied Materials (+41%) |
Performance Past Does Not Indicate Future [Text] | The performance data quoted in this report represents past performance, assumes that all distributions were reinvested, and is not a guarantee of future results. |
Line Graph [Table Text Block] | Fund Performance The following graph compares the initial and subsequent account values of a $500,000 investment in the Fund and the S&P 500 Index over 10 fiscal years for an investment made on July 31 , GROWTH OF $500,000 |
Average Annual Return [Table Text Block] | AVERAGE ANNUAL TOTAL RETURN FOR PERIODS ENDED 07/31/24 1 Year 5 Years 10 Years Davis New York Venture Fund (Class R) 19.22 % 10.73 % 9.62 % S&P 500 Index 22.15 % 14.98 % 13.14 % |
No Deduction of Taxes [Text Block] | Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
Updated Performance Information Location [Text Block] | For most recent month-end performance information, please call Investor Services at 1-800-279-0279 or visit the Fund’s website at www.davisfunds.com. |
Net Assets | $ 6,700,000,000 |
Holdings Count | Holding | 45 |
Advisory Fees Paid, Amount | $ 34,000,000 |
Investment Company Portfolio Turnover | 17% |
Additional Fund Statistics [Text Block] | Key Fund Statistics Fund net assets as of 07/31/24 (in billions) $ % Total number of portfolio holdings as of 07/31/24 $ % Portfolio turnover rate for the period $ % Total advisory fees paid for the period (in millions) $ % |
Holdings [Text Block] | Top Sectors as of 07/31/24 Net Assets Financials 38.52 % Health Care 13.22 % Communication Services 12.82 % Information Technology 12.26 % Consumer Discretionary 10.53 % |
C000009519 [Member] | |
Shareholder Report [Line Items] | |
Fund Name | Davis New York Venture Fund |
Class Name | Class Y |
Trading Symbol | DNVYX |
Annual or Semi-Annual Statement [Text Block] | This Annual shareholder report contains important information about the Davis New York Venture Fund (the “Fund”) for the period of August 1, 2023 to July 31, 2024 (the “period”). |
Shareholder Report Annual or Semi-Annual | Annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at davisfunds.com/resources/regulatory-documents |
Additional Information Phone Number | 1-800-279-0279 |
Additional Information Website | davisfunds.com/resources/regulatory-documents |
Expenses [Text Block] | What were the Fund expenses for the last year? (Based on a hypothetical $10,000 investment) Fund (Class) Costs of $10,000 investment Costs paid as a percentage of a $10,000 investment Davis New York Venture Fund $ 0.67 % |
Expenses Paid, Amount | $ 73.66 |
Expense Ratio, Percent | 0.67% |
Factors Affecting Performance [Text Block] | Management’s Discussion of Fund Performance Summary of Results The Fund underperformed the Standard & Poor’s 500 Index (“S&P 500 or the “Index”) for the period. The Fund’s Class Y shares delivered a total return of 19.89%, versus a 22.15% return for the S&P 500. The Fund invests principally in common stocks (including American Depositary Receipts) issued by large companies with market capitalizations of at least $10 billion. The Fund continues to invest a significant portion of its assets in financial services and foreign companies. Market Overview S&P 500 Strongest performing sectors - Information Technology (+35%), Communication Services (+30%), Weakest performing sectors - Consumer Staples (+8), Materials (+10%), and Energy (+10%) Detractors from Performance Information Technology - underperformed the Index sector (+21% vs +35%) and underweight (average weighting 12% vs 29%) Financials - underperformed the Index sector (+23% vs +26%) Ping An Insurance (-35%) - largest individual detractor AIA Group (-31%) and Julius Baer Group (-19%) Individual holdings Darling Ingredients (-43%), JD.com (-34%), IAC (-24%), AGCO (-13%), OCI (-12%), and MGM Resorts (-15%) AGCO - new purchase during the period Contributors to Performance Communication Services - outperformed the Index sector (+39% vs +30%) and overweight (average weighting 13% vs 9%) Meta Platforms (+49%) - largest individual contributor Alphabet (+29%) Significantly overweight in stronger performing Financials sector - (average weighting 44% vs 13%) Wells Fargo (+32%), Capital One Financial (+32%), Berkshire Hathaway (+23%), Bank of New York Mellon (+48%), Danske Bank (+38%), and JPMorgan Chase (+38%) Underweight in Consumer Staples (average weighting 1% vs 6%) and Energy (average weighting less than 1% vs 4%), two of the weakest performing sectors of the Index Individual holdings Amazon.com (+40%) and Applied Materials (+41%) |
Performance Past Does Not Indicate Future [Text] | The performance data quoted in this report represents past performance, assumes that all distributions were reinvested, and is not a guarantee of future results. |
Line Graph [Table Text Block] | Fund Performance The following graph compares the initial and subsequent account values of a $5,000,000 investment in the Fund and the S&P 500 Index over 10 fiscal years for an investment made on July 31 , GROWTH OF $5,000,000 |
Average Annual Return [Table Text Block] | AVERAGE ANNUAL TOTAL RETURN FOR PERIODS ENDED 07/31/24 1 Year 5 Years 10 Years Davis New York Venture Fund (Class Y) 19.89 % 11.30 % 10.20 % S&P 500 Index 22.15 % 14.98 % 13.14 % |
No Deduction of Taxes [Text Block] | Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. |
Updated Performance Information Location [Text Block] | For most recent month-end performance information, please call Investor Services at 1-800-279-0279 or visit the Fund’s website at www.davisfunds.com. |
Net Assets | $ 6,700,000,000 |
Holdings Count | Holding | 45 |
Advisory Fees Paid, Amount | $ 34,000,000 |
Investment Company Portfolio Turnover | 17% |
Additional Fund Statistics [Text Block] | Key Fund Statistics Fund net assets as of 07/31/24 (in billions) $ % Total number of portfolio holdings as of 07/31/24 $ % Portfolio turnover rate for the period $ % Total advisory fees paid for the period (in millions) $ % |
Holdings [Text Block] | Top Sectors as of 07/31/24 Net Assets Financials 38.52 % Health Care 13.22 % Communication Services 12.82 % Information Technology 12.26 % Consumer Discretionary 10.53 % |