The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
58.com Inc ADR ADR 31680Q104 1,374 25,975 SH   SOLE   25,975 0 0
Acadia Realty Trust Common 004239109 22,535 646,085 SH   SOLE   255,955 0 390,130
Ace Limited Common H0023R105 369,447 3,313,723 SH   SOLE   3,132,659 0 181,064
AES Corp. Common 00130H105 5,427 422,306 SH   SOLE   422,306 0 0
AES Trust III,6.75%,10/15/29 Preferred 00808N202 7,404 145,027 SH   SOLE   145,027 0 0
Agilent Technologies, Inc. Common 00846U101 121,880 2,933,345 SH   SOLE   2,748,418 0 184,927
Air Products & Chemicals, Inc. Common 009158106 267 1,763 SH   SOLE   0 0 1,763
Alexander & Baldwin, Inc. Common 014491104 10,431 241,577 SH   SOLE   241,577 0 0
Alexandria Real Estate Equities, Inc. Common 015271109 23,074 235,354 SH   SOLE   90,160 0 145,194
Alibaba Group Holding Ltd. ADR 01609W102 7,990 95,991 SH   SOLE   95,991 0 0
Allegheny Technologies, Inc. Common 01741R102 11,635 387,711 SH   SOLE   387,711 0 0
Altera Corp. Common 021441100 1,665 38,800 SH   SOLE   38,800 0 0
Amazon.Com, Inc. Common 023135106 1,723,203 4,631,023 SH   SOLE   4,362,496 0 268,527
American Campus Communities Inc. Common 024835100 15,127 352,855 SH   SOLE   113,891 0 238,964
American Express Co. Common 025816109 1,628,115 20,841,207 SH   SOLE   19,691,091 0 1,150,116
American Homes 4 Rent, Class A Common 02665T306 9,603 580,255 SH   SOLE   200,895 0 379,360
American International Group Inc. Common 026874784 28,221 515,070 SH   SOLE   515,070 0 0
American Residential Properties, Inc. Common 02927E303 12,180 677,076 SH   SOLE   352,976 0 324,100
Angie's List Inc. Common 034754101 22,126 3,769,304 SH   SOLE   3,405,163 0 364,141
Anthem, Inc. Common 036752103 6,059 39,238 SH   SOLE   33,074 0 6,164
Apartment Investment & Management Common 03748R101 8,453 214,766 SH   SOLE   85,066 0 129,700
Apple Inc. Common 037833100 409 3,290 SH   SOLE   3,290 0 0
Applied Materials, Inc. Common 038222105 7,818 346,552 SH   SOLE   305,865 0 40,687
Avalonbay Communities, Inc. Common 053484101 41,466 237,969 SH   SOLE   90,069 0 147,900
Bank of America Corp. Common 060505104 11,471 745,346 SH   SOLE   745,346 0 0
Bank of New York Mellon Corp. Common 064058100 1,749,093 43,466,525 SH   SOLE   40,901,934 0 2,564,591
Berkshire Hathaway Inc., Class A Common 084670108 1,226,700 5,640 SH   SOLE   5,347 0 293
Berkshire Hathaway Inc., Class B Common 084670702 189,049 1,309,931 SH   SOLE   1,181,186 0 128,745
Boardwalk Pipeline Partners Partnership 096627104 356 22,090 SH   SOLE   22,090 0 0
Boston Properties, Inc. Common 101121101 31,662 225,384 SH   SOLE   74,814 0 150,570
Brandywine Realty Trust Common 105368203 19,720 1,234,013 SH   SOLE   426,733 0 807,280
Brixmor Property Group, Inc. Common 11120U105 10,715 403,583 SH   SOLE   163,913 0 239,670
Brookdale Senior Living, Inc. Common 112463104 3,381 89,535 SH   SOLE   89,535 0 0
Brookfield Asset Management Inc., Class A Foreign 112585104 228,302 4,258,572 SH   SOLE   4,053,666 0 204,906
Camden Property Trust Common 133131102 8,677 111,061 SH   SOLE   44,811 0 66,250
Canadian Natural Resources Ltd. Foreign 136385101 1,278 41,626 SH   SOLE   41,626 0 0
Capital One Financial Corp. Common 14040H105 14,568 184,820 SH   SOLE   184,820 0 0
CarMax, Inc. Common 143130102 797,621 11,558,056 SH   SOLE   10,807,402 0 750,654
CatchMark Timber Trust Inc., Class A Common 14912Y202 11,364 969,627 SH   SOLE   427,377 0 542,250
CBL & Associates Properties, Inc. Common 124830100 3,181 160,642 SH   SOLE   160,642 0 0
Cedar Realty Trust Inc. Common 150602209 12,695 1,694,980 SH   SOLE   668,280 0 1,026,700
Cemex SA ADR ADR 151290889 214 22,635 SH   SOLE   22,635 0 0
Charles Schwab Corp. Common 808513105 530,143 17,416,002 SH   SOLE   16,382,360 0 1,033,642
Chubb Corp. Common 171232101 15,936 157,621 SH   SOLE   155,870 0 1,751
Citigroup Inc. Common 172967424 12,672 245,959 SH   SOLE   245,959 0 0
Citizens Financial Group Inc. Common 174610105 307,052 12,724,917 SH   SOLE   12,135,072 0 589,845
Colgate-Palmolive Co. Common 194162103 12,973 187,097 SH   SOLE   164,561 0 22,536
Corporate Office Properties Trust Common 22002T108 26,700 908,793 SH   SOLE   282,813 0 625,980
Costco Wholesale Corp. Common 22160K105 524,911 3,464,872 SH   SOLE   3,286,829 0 178,043
Coupons.com, Inc. Common 22265J102 57,768 4,920,648 SH   SOLE   4,534,092 0 386,556
Cousins Properties, Inc. Common 222795106 10,904 1,028,689 SH   SOLE   268,549 0 760,140
Crown Castle International Corp. Common 22822V101 9,523 115,371 SH   SOLE   47,291 0 68,080
Ctrip.com International, Ltd. ADR ADR 22943F100 7,398 126,201 SH   SOLE   126,201 0 0
CyrusOne Inc. Common 23283R100 18,474 593,637 SH   SOLE   235,889 0 357,748
DCT Industrial Trust Inc. Common 233153204 26,834 774,197 SH   SOLE   281,090 0 493,107
DDR Corporation Common 23317H102 19,107 1,026,128 SH   SOLE   452,398 0 573,730
Devon Energy Corp. Common 25179M103 12,615 209,170 SH   SOLE   209,170 0 0
Diageo PLC - ADR ADR 25243Q205 97,191 878,998 SH   SOLE   715,787 0 163,211
DiamondRock Hospitality Co. Common 252784301 7,727 546,863 SH   SOLE   215,963 0 330,900
Disney Walt Holdings Common 254687106 270 2,577 SH   SOLE   0 0 2,577
Eastgroup Properties, Inc. Common 277276101 6,836 113,675 SH   SOLE   39,315 0 74,360
Ecolab Inc. Common 278865100 493,704 4,316,350 SH   SOLE   4,047,121 0 269,229
Education Realty Trust, Inc. Common 28140H203 10,470 295,919 SH   SOLE   92,276 0 203,643
Encana Corporation Foreign 292505104 764,810 68,592,847 SH   SOLE   64,515,061 0 4,077,786
Endurance International Group Hlgs, Inc. Common 29272B105 17,484 917,338 SH   SOLE   841,147 0 76,191
EOG Resources, Inc. Common 26875P101 304,370 3,319,559 SH   SOLE   3,123,041 0 196,518
Equinix, Inc Common 29444U700 3,625 15,569 SH   SOLE   15,569 0 0
Essex Property Trust, Inc. Common 297178105 22,899 99,606 SH   SOLE   30,460 0 69,146
Everest Re Group, Ltd. Common G3223R108 164,998 948,263 SH   SOLE   899,808 0 48,455
Expeditors Int'l of Washington Inc. Common 302130109 3,202 66,462 SH   SOLE   66,462 0 0
Express Scripts Holding Co. Common 30219G108 1,146,440 13,212,411 SH   SOLE   12,394,636 0 817,775
Extended Stay America, Inc. Common 30224P200 2,805 143,624 SH   SOLE   143,624 0 0
Fairchild Semiconductor International Common 303726103 8,751 481,367 SH   SOLE   481,367 0 0
Federal Realty Investment Trust Common 313747206 21,382 145,250 SH   SOLE   55,030 0 90,220
First Industrial Realty Trust, Inc. Common 32054K103 14,476 675,481 SH   SOLE   248,961 0 426,520
First Solar, Inc. Common 336433107 241 4,030 SH   SOLE   4,030 0 0
Forest City Ent FCE 5% 10/15/16 Bond 345550AM9 2,144 1,120,000 PRN   SOLE   1,120,000 0 0
Forest City Enterprises Inc. Class A Common 345550107 18,677 731,842 SH   SOLE   731,842 0 0
Franklin Resources Inc Common 354613101 359 7,000 SH   SOLE   7,000 0 0
Freeport-McMoRan Copper & Gold, Inc. Common 35671D857 7,115 375,464 SH   SOLE   375,464 0 0
General Electric Co. Common 369604103 10,561 425,690 SH   SOLE   425,690 0 0
General Growth Properties Inc. Common 370023103 17,440 590,172 SH   SOLE   245,812 0 344,360
Goldman Sachs Group Inc. Common 38141G104 26,694 142,012 SH   SOLE   142,012 0 0
Google Inc. Class A Common 38259P508 978,119 1,763,330 SH   SOLE   1,661,551 0 101,779
Google Inc. Class C Common 38259P706 964,824 1,760,627 SH   SOLE   1,658,669 0 101,958
Grubhub Inc Common 400110102 12,099 266,548 SH   SOLE   266,413 0 135
Grupo Televisa S.A.B. ADR ADR 40049J206 16,286 493,369 SH   SOLE   493,369 0 0
Halliburton Co. Common 406216101 380,793 8,678,047 SH   SOLE   8,129,237 0 548,810
Hewlett Packard Co. Common 428236103 9,088 291,645 SH   SOLE   256,352 0 35,293
Highwoods Properties Inc. Common 431284108 12,517 273,417 SH   SOLE   92,437 0 180,980
Hunter Douglas N.V. Foreign 5291810NL 71,175 1,734,849 SH   SOLE   1,678,229 0 56,620
Hyatt Hotels Corp. Class A Common 448579102 3,339 56,375 SH   SOLE   56,375 0 0
ICICI Bank Limited ADR ADR 45104G104 6,950 670,875 SH   SOLE   670,875 0 0
IDEXX Laboratories, Inc. Common 45168D104 54,941 355,648 SH   SOLE   330,873 0 24,775
Intel Corp 3.25% 8/1/39 Bond 458140AF7 18,236 11,551,000 PRN   SOLE   11,551,000 0 0
Intel Corp. Common 458140100 5,679 181,602 SH   SOLE   160,553 0 21,049
International Business Machines Common 459200101 3,345 20,839 SH   SOLE   17,132 0 3,707
Jarden Corp. Common 471109108 873 16,500 SH   SOLE   16,500 0 0
JD.com Inc ADR ADR 47215P106 46,047 1,567,285 SH   SOLE   1,475,465 0 91,820
JPMorgan Chase & Co. Common 46625H100 1,125,456 18,578,018 SH   SOLE   17,511,020 0 1,066,998
Jumei International ADR ADR 48138L107 1,716 108,460 SH   SOLE   108,460 0 0
KBR, Inc. Common 48242W106 1,525 105,300 SH   SOLE   105,300 0 0
Keysight Technologies, Inc. Common 49338L103 48,537 1,306,521 SH   SOLE   1,245,214 0 61,307
Kite Realty Group Trust Common 49803T300 22,691 805,493 SH   SOLE   281,621 0 523,872
Kohls Corp. Common 500255104 18,388 234,990 SH   SOLE   234,990 0 0
Laboratory Corporation of America Hldg Common 50540R409 560,276 4,443,459 SH   SOLE   4,162,722 0 280,737
Las Vegas Sands Corp. Common 517834107 799,824 14,531,684 SH   SOLE   13,641,083 0 890,601
LaSalle Hotel Properties Common 517942108 12,611 324,518 SH   SOLE   105,798 0 218,720
LendingClub Corp. Common 52603A109 13,121 667,716 SH   SOLE   608,993 0 58,723
Liberty Global Plc Series C Common G5480U120 1,323,527 26,571,505 SH   SOLE   24,940,980 0 1,630,525
Liberty Media Interactive Series A Common 53071M104 138,922 4,759,234 SH   SOLE   4,440,315 0 318,919
Liberty Property Trust Common 531172104 21,444 600,663 SH   SOLE   148,383 0 452,280
Liberty TripAdvisor Holdings Inc., Class A Common 531465102 35,862 1,128,096 SH   SOLE   1,082,398 0 45,698
Liberty Ventures Series A Common 53071M880 87,429 2,081,159 SH   SOLE   1,962,085 0 119,074
Loews Corp. Common 540424108 348,322 8,531,033 SH   SOLE   8,031,132 0 499,901
Lowes Cos Inc. Common 548661107 21,737 292,206 SH   SOLE   256,162 0 36,044
Markel Corp. Common 570535104 271,128 352,590 SH   SOLE   342,403 0 10,187
Marsh & McLennan Co. Common 571748102 29,204 520,660 SH   SOLE   520,660 0 0
Masco Corp. Common 574599106 11,877 444,840 SH   SOLE   444,840 0 0
Mastercard, Inc. Common 57636Q104 1,322 15,300 SH   SOLE   15,300 0 0
McGraw Hill Financial, Inc. Common 580645109 18,819 182,000 SH   SOLE   182,000 0 0
Microsoft Corp. Common 594918104 308,785 7,595,242 SH   SOLE   7,068,474 0 526,768
Moody's Corp. Common 615369105 242,106 2,332,432 SH   SOLE   2,212,064 0 120,368
Nabors Industries Ltd. Common G6359F103 10,557 773,402 SH   SOLE   773,402 0 0
National Health Investors, Inc. Common 63633D104 6,434 90,609 SH   SOLE   49,009 0 41,600
NetEase Inc. ADR ADR 64110W102 10,135 96,245 SH   SOLE   96,245 0 0
Nike Inc Common 654106103 12,110 120,699 SH   SOLE   105,868 0 14,831
Oracle Corporation Common 68389X105 344,118 7,974,921 SH   SOLE   7,453,730 0 521,191
PACCAR Inc. Common 693718108 337,048 5,338,105 SH   SOLE   4,955,439 0 382,666
Paramount Group, Inc. Common 69924R108 3,894 201,756 SH   SOLE   74,856 0 126,900
Post Properties Inc. Common 737464107 20,843 366,118 SH   SOLE   111,468 0 254,650
Praxair, Inc. Common 74005P104 651,956 5,399,667 SH   SOLE   5,059,531 0 340,136
Prologis, Inc. Common 74340W103 26,268 603,028 SH   SOLE   228,608 0 374,420
Qihoo 360 Technology Co. ADR ADR 74734M109 204,497 3,994,086 SH   SOLE   3,772,746 0 221,340
Qihoo 360 Technology Co., 2.5%, 9/15/2018 Bond 74734MAB5 8,522 9,000,000 PRN   SOLE   9,000,000 0 0
QTS Realty Trust Inc., Class A Common 74736A103 2,749 75,500 SH   SOLE   30,300 0 45,200
Quanta Services, Inc. Common 74762E102 11,685 409,580 SH   SOLE   409,580 0 0
Quest Diagnostics Inc. Common 74834L100 389,547 5,068,925 SH   SOLE   4,751,484 0 317,441
Ramco-Gershenson Properties Trust Common 751452202 12,375 665,334 SH   SOLE   226,114 0 439,220
Republic Services, Inc. Common 760759100 675 16,630 SH   SOLE   16,630 0 0
Retail Opportunity Investments Corp. Common 76131N101 10,690 584,137 SH   SOLE   224,637 0 359,500
Rockwell Automation Inc. Common 773903109 39,396 339,653 SH   SOLE   316,438 0 23,215
RTI International Metals, 1.625%, 10/15/2019 Bond 74973WAB3 6,613 5,750,000 PRN   SOLE   5,750,000 0 0
Salesforce.com Inc Common 79466L302 9,322 139,534 SH   SOLE   123,263 0 16,271
Salesforce.com Inc., 0.25%, 04/01/2018 Bond 79466LAD6 9,580 8,000,000 PRN   SOLE   8,000,000 0 0
SAP AG ADR ADR 803054204 11,321 156,860 SH   SOLE   138,896 0 17,964
Simon Property Group Inc. Common 828806109 41,199 210,585 SH   SOLE   84,785 0 125,800
Soufun Holdings Ltd Class A ADR ADR 836034108 126,993 21,165,532 SH   SOLE   20,026,741 0 1,138,791
Terreno Realty Corp. Common 88146M101 19,625 860,733 SH   SOLE   284,830 0 575,903
Texas Instruments, Inc. Common 882508104 703,200 12,296,936 SH   SOLE   11,582,645 0 714,291
Textron Inc. Common 883203101 14,408 325,016 SH   SOLE   273,229 0 51,787
The Priceline Group Inc. Common 741503403 413,121 354,869 SH   SOLE   331,103 0 23,766
The Sherwin Williams Co. Common 824348106 9,167 32,220 SH   SOLE   28,537 0 3,683
Tiffany & Co. Common 886547108 440 5,000 SH   SOLE   5,000 0 0
Time Warner Cable Inc. Common 88732J207 19,505 130,138 SH   SOLE   115,186 0 14,952
TJX Companies Inc. Common 872540109 7,047 100,600 SH   SOLE   88,652 0 11,948
Transdigm Group Inc. Common 893641100 22,381 102,327 SH   SOLE   94,842 0 7,485
Transocean Ltd. Common H8817H100 6,207 423,106 SH   SOLE   423,106 0 0
Twenty-First Century Fox Inc Class A Common 90130A101 10,362 306,216 SH   SOLE   306,216 0 0
Twenty-First Century Fox Inc Class B Common 90130A200 24,942 758,580 SH   SOLE   664,464 0 94,116
Tyson Foods Inc. Common 902494103 6,567 171,460 SH   SOLE   171,460 0 0
Tyson Foods Inc 4.75 07/15/17 Preferred 902494301 9,920 205,000 SH   SOLE   205,000 0 0
UDR, Inc. Common 902653104 9,307 273,507 SH   SOLE   106,847 0 166,660
Ultra Petroleum Corp Common 903914109 316,224 20,231,836 SH   SOLE   18,941,222 0 1,290,614
Unilever NV - NY Shares ADR 904784709 6,222 149,006 SH   SOLE   125,517 0 23,489
United Parcel Service, Inc., Class B Common 911312106 235 2,420 SH   SOLE   0 0 2,420
United Rentals, Inc. Common 911363109 11,126 122,046 SH   SOLE   122,046 0 0
UnitedHealth Group Inc. Common 91324P102 985,108 8,327,902 SH   SOLE   7,794,606 0 533,296
Universal Health Services, Inc. Common 913903100 14,006 118,990 SH   SOLE   118,990 0 0
US Bancorp Common 902973304 35,575 814,629 SH   SOLE   771,124 0 43,505
US Steel Corp. Conv. Bond 2.75% 4/1/19 Bond 912909AH1 17,225 14,250,000 PRN   SOLE   14,250,000 0 0
Valeant Pharmaceuticals International Common 91911K102 372,817 1,877,040 SH   SOLE   1,765,679 0 111,361
Vipshop Holdings Ltd. ADS ADR 92763W103 33,698 1,144,640 SH   SOLE   1,038,139 0 106,501
Visa Inc. Class A Common 92826C839 500,993 7,659,271 SH   SOLE   7,199,555 0 459,716
Vornado Realty Trust Common 929042109 23,424 209,141 SH   SOLE   80,915 0 128,226
W.R. Berkley Corp. Common 084423102 256 5,080 SH   SOLE   5,080 0 0
Waste Connections Inc. Common 941053100 12,668 263,150 SH   SOLE   263,150 0 0
Wells Fargo & Co. Common 949746101 2,042,126 37,539,086 SH   SOLE   35,129,961 0 2,409,125
Wells Fargo & Co. Warrants Warrant 949746119 4,590 224,020 SH   SOLE   224,020 0 0
Wesco Aircraft Holdings, Inc. Common 950814103 95,456 6,230,844 SH   SOLE   5,896,035 0 334,809
Wesco International, Inc. Common 95082P105 20,429 292,311 SH   SOLE   269,548 0 22,763
Whole Foods Market Inc. Common 966837106 11,836 227,274 SH   SOLE   227,274 0 0
Windstream Holdings Inc. Common 97382A101 1,373 185,495 SH   SOLE   185,495 0 0
Wynn Resorts Ltd. Common 983134107 1,307 10,385 SH   SOLE   10,385 0 0
Youku Tudou Inc. ADR ADR 98742U100 17,210 1,376,807 SH   SOLE   1,257,954 0 118,853
YY Inc. ADR ADR 98426T106 19,838 363,626 SH   SOLE   343,737 0 19,889