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 2,363 29,586 SH   SOLE   29,586 0 0
Acadia Realty Trust Common 004239109 11,493 467,193 SH   SOLE   205,813 0 261,380
Adient PLC Common G0084W101 478,196 8,001,944 SH   SOLE   7,795,662 0 206,282
Aetna Inc. Common 00817Y108 772,318 4,569,931 SH   SOLE   4,466,999 0 102,932
Air Products & Chemicals, Inc. Common 009158106 301 1,894 SH   SOLE   0 0 1,894
Alexandria Real Estate Equities, Inc. Common 015271109 12,223 97,874 SH   SOLE   46,120 0 51,754
Alibaba Group Holding Ltd. ADR ADR 01609W102 709,165 3,863,816 SH   SOLE   3,815,235 0 48,581
Alleghany Corporation Common 017175100 49,465 80,504 SH   SOLE   80,504 0 0
Alphabet Inc., Class A Common 02079K305 700,310 675,232 SH   SOLE   662,534 0 12,698
Alphabet Inc., Class C Common 02079K107 1,180,451 1,144,081 SH   SOLE   1,128,695 0 15,386
Amazon.com, Inc. Common 023135106 1,649,622 1,139,761 SH   SOLE   1,117,841 0 21,920
American Campus Communities, Inc. Common 024835100 10,187 263,777 SH   SOLE   126,893 0 136,884
American Express Co. Common 025816109 703,666 7,543,585 SH   SOLE   7,426,771 0 116,814
American Homes 4 Rent, Class A Common 02665T306 2,565 127,756 SH   SOLE   56,506 0 71,250
American International Group. Inc. Common 026874784 19,757 363,048 SH   SOLE   363,048 0 0
ANGI Homeservices Inc., Class A Common 00183L102 39,772 2,928,710 SH   SOLE   2,690,488 0 238,222
Apache Corporation Common 037411105 918,510 23,869,802 SH   SOLE   23,340,128 0 529,674
Applied Materials, Inc. Common 038222105 28,294 508,802 SH   SOLE   477,169 0 31,633
Aptiv PLC Common G6095L109 154,622 1,819,720 SH   SOLE   1,756,079 0 63,641
AvalonBay Communities, Inc. Common 053484101 19,124 116,282 SH   SOLE   54,452 0 61,830
Axalta Coating Systems Ltd. Common G0750C108 268,185 8,883,246 SH   SOLE   8,658,394 0 224,852
Baidu, Inc. Class A, ADR ADR 056752108 22,639 101,433 SH   SOLE   101,433 0 0
The Bank of N.T. Butterfield & Son Ltd. Common G0772R208 105,215 2,344,364 SH   SOLE   2,344,364 0 0
Bank of New York Mellon Corp. Common 064058100 986,473 19,143,658 SH   SOLE   18,852,303 0 291,355
Berkshire Hathaway Inc., Class A Common 084670108 1,182,043 3,952 SH   SOLE   3,949 0 3
Berkshire Hathaway Inc., Class B Common 084670702 367,620 1,842,892 SH   SOLE   1,727,352 0 115,540
Booking Holdings, Inc. Common 09857L108 139,001 66,815 SH   SOLE   66,765 0 50
Boston Properties, Inc. Common 101121101 15,013 121,835 SH   SOLE   53,275 0 68,560
Brandywine Realty Trust Common 105368203 7,684 483,887 SH   SOLE   211,716 0 272,171
Brixmor Property Group, Inc. Common 11120U105 7,400 485,271 SH   SOLE   210,421 0 274,850
Brookfield Asset Management Inc., Class A ADR 112585104 27,790 712,563 SH   SOLE   712,563 0 0
Brookfield Business Partners, L.P. Partnership G16234109 479 13,307 SH   SOLE   13,307 0 0
Cabot Oil & Gas Corp. Common 127097103 50,542 2,107,681 SH   SOLE   1,974,984 0 132,697
Camden Property Trust Common 133131102 12,778 151,794 SH   SOLE   61,664 0 90,130
Capital One Financial Corp. Common 14040H105 1,280,947 13,368,267 SH   SOLE   13,170,965 0 197,302
CarMax, Inc. Common 143130102 346 5,586 SH   SOLE   1,286 0 4,300
CatchMark Timber Trust Inc., Class A Common 14912Y202 7,027 563,550 SH   SOLE   247,543 0 316,007
Charles Schwab Corp. Common 808513105 42,654 816,812 SH   SOLE   816,812 0 0
Chubb Ltd. Common H1467J104 190,243 1,390,969 SH   SOLE   1,373,609 0 17,360
CommerceHub, Inc., Series A Common 20084V108 1,864 82,845 SH   SOLE   82,783 0 62
CommerceHub, Inc., Series C Common 20084V306 3,731 165,875 SH   SOLE   165,760 0 115
CoreSite Realty Corp. Common 21870Q105 3,652 36,427 SH   SOLE   16,027 0 20,400
Costco Wholesale Corp. Common 22160K105 2,540 13,480 SH   SOLE   13,480 0 0
Cousins Properties, Inc. Common 222795106 10,859 1,251,060 SH   SOLE   567,480 0 683,580
Crown Castle International Corp. Common 22822V101 9,369 85,479 SH   SOLE   37,309 0 48,170
Ctrip.com International, Ltd. ADR ADR 22943F100 14,165 303,839 SH   SOLE   303,839 0 0
CubeSmart Common 229663109 10,435 370,035 SH   SOLE   162,405 0 207,630
CyrusOne, Inc. Common 23283R100 2,528 49,370 SH   SOLE   21,672 0 27,698
Davis Select Financial ETF 23908L108 44,088 1,840,055 SH   SOLE   1,840,055 0 0
Davis Select U.S. Equity ETF 23908L207 69,653 3,019,820 SH   SOLE   3,019,820 0 0
Davis Select Worldwide ETF 23908L306 43,753 1,685,395 SH   SOLE   1,685,395 0 0
Davis Select International ETF 23908L405 8,249 420,000 SH   SOLE   420,000 0 0
DCT Industrial Trust, Inc. Common 233153204 9,506 168,731 SH   SOLE   87,074 0 81,657
Digital Realty Trust, Inc. Common 253868103 11,601 110,084 SH   SOLE   48,674 0 61,410
Diplomat Pharmacy, Inc. Common 25456K101 9,696 481,187 SH   SOLE   481,187 0 0
DowDuPont, Inc. Common 26078J100 765 12,000 SH   SOLE   12,000 0 0
DXC Technology Co. Common 23355L106 1,138 11,319 SH   SOLE   11,319 0 0
EastGroup Properties, Inc. Common 277276101 8,103 98,024 SH   SOLE   43,224 0 54,800
Eaton Corporation Plc Common G29183103 27,079 338,868 SH   SOLE   305,605 0 33,263
Ecolab, Inc. Common 278865100 589 4,295 SH   SOLE   4,295 0 0
Education Realty Trust, Inc. Common 28140H203 5,271 160,940 SH   SOLE   70,740 0 90,200
Encana Corporation ADR 292505104 665,096 60,463,280 SH   SOLE   59,140,430 0 1,322,850
EQT Midstream Partners L.P. Partnership 26885B100 19,465 329,755 SH   SOLE   305,607 0 24,148
Equinix, Inc Common 29444U700 17,890 42,784 SH   SOLE   18,774 0 24,010
Equity Residential Common 29476L107 13,642 221,390 SH   SOLE   82,485 0 138,905
Essex Property Trust, Inc. Common 297178105 14,519 60,326 SH   SOLE   23,085 0 37,241
Everest Re Group, Ltd. Common G3223R108 59,894 233,213 SH   SOLE   233,213 0 0
Express Scripts Holding Co. Common 30219G108 26,626 385,436 SH   SOLE   349,765 0 35,671
Extra Space Storage, Inc. Common 30225T102 12,578 143,983 SH   SOLE   61,913 0 82,070
Facebook, Inc. Common 30303M102 621,751 3,891,049 SH   SOLE   3,814,847 0 76,202
Fang Holdings Ltd. ADR 30711Y102 132,493 25,776,782 SH   SOLE   25,337,190 0 439,592
Federal Realty Investment Trust Common 313747206 9,926 85,491 SH   SOLE   36,371 0 49,120
FedEx Corp. Common 31428X106 397,133 1,653,963 SH   SOLE   1,617,764 0 36,199
First Industrial Realty Trust, Inc. Common 32054K103 14,232 486,907 SH   SOLE   175,237 0 311,670
Forest City Realty Trust, Inc., Class A Common 345605109 14,847 732,836 SH   SOLE   318,736 0 414,100
GCI Liberty Inc., Class A Common 36164V305 26,299 497,528 SH   SOLE   497,183 0 345
GGP, Inc. Common 36174X101 7,520 367,533 SH   SOLE   162,163 0 205,370
Goldman Sachs Group, Inc. Common 38141G104 64,368 255,571 SH   SOLE   255,571 0 0
Hollysys Automation Technologies Ltd. ADR G45667105 129,591 5,242,366 SH   SOLE   5,242,366 0 0
Host Hotels & Resorts, Inc. Common 44107P104 10,069 540,182 SH   SOLE   230,692 0 309,490
HP, Inc. Common 40434L105 457 20,830 SH   SOLE   20,830 0 0
Hudson Pacific Properties, Inc. Common 444097109 10,906 335,274 SH   SOLE   146,474 0 188,800
ICICI Bank Limited ADR ADR 45104G104 6,112 690,574 SH   SOLE   690,574 0 0
Intel Corp. Common 458140100 38,460 738,476 SH   SOLE   688,727 0 49,749
Invitation Homes, Inc. Common 46187W107 2,725 119,341 SH   SOLE   52,741 0 66,600
iQIYI Inc., Class A, ADR ADR 46267X108 44,324 2,850,400 SH   SOLE   2,850,400 0 0
JBG SMITH Properties Common 46590V100 5,842 173,306 SH   SOLE   75,733 0 97,573
JD.com, Inc., Class A, ADR ADR 47215P106 103,839 2,564,558 SH   SOLE   2,500,185 0 64,373
Johnson Controls International PLC Common G51502105 790,010 22,417,989 SH   SOLE   22,004,363 0 413,626
JPMorgan Chase & Co. Common 46625H100 1,334,653 12,136,523 SH   SOLE   11,954,637 0 181,886
Kimco Realty Corp. Common 49446R109 6,667 463,002 SH   SOLE   201,882 0 261,120
KKR & Co. L.P. Partnership 48248M102 48,671 2,397,586 SH   SOLE   2,397,586 0 0
Lam Research Corp. Common 512807108 708 3,485 SH   SOLE   3,485 0 0
LaSalle Hotel Properties Common 517942108 5,939 204,732 SH   SOLE   89,532 0 115,200
Liberty Expedia Holdings, Inc. Common 53046P109 13,034 331,824 SH   SOLE   331,594 0 230
Liberty Global PLC, Series C Common G5480U120 265,824 8,735,594 SH   SOLE   8,606,415 0 129,179
Liberty Interactive Corp., QVC Group, Series A Common 53071M104 49,521 1,967,463 SH   SOLE   1,933,050 0 34,413
Liberty Latin America Ltd., Class C Common G9001E128 22,558 1,181,665 SH   SOLE   1,180,857 0 808
Liberty TripAdvisor Holdings, Inc., Series A Common 531465102 5,061 470,800 SH   SOLE   470,470 0 330
Life Storage, Inc. Common 53223X107 11,052 132,333 SH   SOLE   57,983 0 74,350
Loews Corp. Common 540424108 228,682 4,598,480 SH   SOLE   4,532,995 0 65,485
Markel Corp. Common 570535104 295,839 252,800 SH   SOLE   250,135 0 2,665
Marsh & McLennan Co. Common 571748102 25,576 309,670 SH   SOLE   309,670 0 0
Microsoft Corp. Common 594918104 303,744 3,327,972 SH   SOLE   3,262,104 0 65,868
Moody's Corp. Common 615369105 773 4,790 SH   SOLE   4,790 0 0
New Oriental Education & Technology ADR ADR 647581107 416,722 4,754,390 SH   SOLE   4,695,852 0 58,538
Noah Holdings Ltd. ADS ADR 65487X102 48,447 1,026,208 SH   SOLE   1,026,208 0 0
Novartis AG ADR ADR 66987V109 16,611 205,456 SH   SOLE   205,456 0 0
Oaktree Capital Group LLC Partnership 674001201 36,174 913,476 SH   SOLE   913,476 0 0
Occidental Petroleum Corp. Common 674599105 221,185 3,404,947 SH   SOLE   3,357,862 0 47,085
Oracle Corporation Common 68389X105 171,940 3,758,247 SH   SOLE   3,672,870 0 85,377
PACCAR, Inc. Common 693718108 214 3,230 SH   SOLE   0 0 3,230
PNC Financial Services Group, Inc. Common 693475105 46,425 306,961 SH   SOLE   306,961 0 0
PPG Industries, Inc. Common 693506107 610 5,470 SH   SOLE   5,470 0 0
Praxair, Inc. Common 74005P104 1,038 7,195 SH   SOLE   7,195 0 0
Prologis, Inc. Common 74340W103 19,256 305,696 SH   SOLE   135,076 0 170,620
Public Storage Common 74460D109 17,058 85,125 SH   SOLE   34,265 0 50,860
Qorvo, Inc. Common 74736K101 30,031 426,274 SH   SOLE   385,818 0 40,456
Quest Diagnostics, Inc. Common 74834L100 13,378 133,375 SH   SOLE   120,384 0 12,991
Quotient Technology, Inc. Common 749119103 39,528 3,017,402 SH   SOLE   2,860,223 0 157,179
Regency Centers Corporation Common 758849103 10,706 181,521 SH   SOLE   78,821 0 102,700
Retail Opportunity Investments Corp. Common 76131N101 11,484 649,912 SH   SOLE   280,732 0 369,180
Rexford Industrial Realty, Inc. Common 76169C100 11,747 408,031 SH   SOLE   177,681 0 230,350
SAP AG ADR ADR 803054204 15,394 146,384 SH   SOLE   133,767 0 12,617
Shire Plc., ADR ADR 82481R106 277,900 1,860,234 SH   SOLE   1,844,418 0 15,816
Simon Property Group, Inc. Common 828806109 31,662 205,130 SH   SOLE   93,090 0 112,040
SL Green Realty Corp. Common 78440X101 11,442 118,170 SH   SOLE   51,590 0 66,580
State Street Corp. Common 857477103 48,963 490,960 SH   SOLE   490,960 0 0
TAL Education Group, Class A, ADR ADR 874080104 54,166 1,460,406 SH   SOLE   1,460,406 0 0
Tarena International, Inc.,Class A, ADR ADR 876108101 54,554 4,862,181 SH   SOLE   4,862,181 0 0
Terreno Realty Corp. Common 88146M101 11,323 328,122 SH   SOLE   138,709 0 189,413
Texas Instruments, Inc. Common 882508104 513,665 4,944,319 SH   SOLE   4,841,800 0 102,519
The Blackstone Group L.P. Common 09253U108 17,572 549,980 SH   SOLE   549,980 0 0
United Technologies Corp. Common 913017109 952,488 7,570,243 SH   SOLE   7,414,398 0 155,845
UnitedHealth Group, Inc. Common 91324P102 11,778 55,035 SH   SOLE   49,171 0 5,864
US Bancorp Common 902973304 87,231 1,727,343 SH   SOLE   1,722,049 0 5,294
Ventas, Inc. Common 92276F100 6,891 139,120 SH   SOLE   63,570 0 75,550
Vipshop Holdings Ltd., Class A, ADR ADR 92763W103 262 15,770 SH   SOLE   15,770 0 0
Visa, Inc., Class A Common 92826C839 81,800 683,829 SH   SOLE   683,829 0 0
Vornado Realty Trust Common 929042109 6,280 93,313 SH   SOLE   41,037 0 52,276
Wells Fargo & Co. Common 949746101 1,398,136 26,676,903 SH   SOLE   26,202,739 0 474,164
Welltower, Inc. Common 95040Q104 11,649 214,011 SH   SOLE   92,046 0 121,965
Weyerhaeuser Co. Common 962166104 5,834 166,699 SH   SOLE   75,239 0 91,460
Xilinx, Inc. Common 983919101 572 7,920 SH   SOLE   7,920 0 0
Yirendai Ltd., ADR ADR 98585L100 10,046 249,714 SH   SOLE   249,714 0 0
ZTO Express Cayman, Inc., Class A, ADR ADR 98980A105 41,990 2,801,230 SH   SOLE   2,801,230 0 0