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 2,010 28,986 SH   SOLE   28,986 0 0
Acadia Realty Trust Common 004239109 13,434 490,838 SH   SOLE   213,908 0 276,930
Adient PLC Common G0084W101 538,870 10,954,876 SH   SOLE   10,696,990 0 257,886
Aetna Inc. Common 00817Y108 843,268 4,595,467 SH   SOLE   4,492,832 0 102,635
Air Products & Chemicals, Inc. Common 009158106 297 1,906 SH   SOLE   0 0 1,906
Alexandria Real Estate Equities, Inc. Common 015271109 12,320 97,646 SH   SOLE   46,052 0 51,594
Alibaba Group Holding Ltd. ADR ADR 01609W102 725,371 3,909,721 SH   SOLE   3,863,073 0 46,648
Alleghany Corporation Common 017175100 46,414 80,724 SH   SOLE   80,724 0 0
Alphabet Inc., Class A Common 02079K305 746,118 660,755 SH   SOLE   648,345 0 12,410
Alphabet Inc., Class C Common 02079K107 1,253,730 1,123,767 SH   SOLE   1,108,554 0 15,213
Amazon.com, Inc. Common 023135106 1,534,957 903,022 SH   SOLE   882,433 0 20,589
American Campus Communities, Inc. Common 024835100 12,212 284,794 SH   SOLE   136,510 0 148,284
American Express Co. Common 025816109 711,945 7,264,740 SH   SOLE   7,150,482 0 114,258
American Homes 4 Rent, Class A Common 02665T306 2,984 134,551 SH   SOLE   59,061 0 75,490
American International Group. Inc. Common 026874784 19,320 364,384 SH   SOLE   364,384 0 0
ANGI Homeservices Inc., Class A Common 00183L102 20,933 1,361,051 SH   SOLE   1,226,493 0 134,558
Apache Corporation Common 037411105 1,119,828 23,953,548 SH   SOLE   23,425,736 0 527,812
Applied Materials, Inc. Common 038222105 23,833 515,977 SH   SOLE   483,896 0 32,081
Aptiv PLC Common G6095L109 33,890 369,856 SH   SOLE   334,420 0 35,436
AvalonBay Communities, Inc. Common 053484101 21,573 125,506 SH   SOLE   58,736 0 66,770
Axalta Coating Systems Ltd. Common G0750C108 732 24,160 SH   SOLE   23,724 0 436
Baidu, Inc. Class A, ADR ADR 056752108 28,429 116,991 SH   SOLE   116,991 0 0
The Bank of N.T. Butterfield & Son Ltd. Common G0772R208 107,912 2,360,279 SH   SOLE   2,360,279 0 0
Bank of New York Mellon Corp. Common 064058100 1,018,710 18,889,490 SH   SOLE   18,602,107 0 287,383
Berkshire Hathaway Inc., Class A Common 084670108 1,089,521 3,863 SH   SOLE   3,860 0 3
Berkshire Hathaway Inc., Class B Common 084670702 344,552 1,845,978 SH   SOLE   1,731,710 0 114,268
Booking Holdings, Inc. Common 09857L108 131,589 64,915 SH   SOLE   64,865 0 50
Boston Properties, Inc. Common 101121101 16,498 131,540 SH   SOLE   57,510 0 74,030
Brandywine Realty Trust Common 105368203 8,426 499,157 SH   SOLE   210,786 0 288,371
Brixmor Property Group, Inc. Common 11120U105 9,147 524,791 SH   SOLE   227,041 0 297,750
Cabot Oil & Gas Corp. Common 127097103 33,114 1,391,332 SH   SOLE   1,260,375 0 130,957
Camden Property Trust Common 133131102 14,933 163,861 SH   SOLE   66,541 0 97,320
Capital One Financial Corp. Common 14040H105 1,236,903 13,459,232 SH   SOLE   13,256,207 0 203,025
CarMax, Inc. Common 143130102 407 5,586 SH   SOLE   1,286 0 4,300
CatchMark Timber Trust Inc., Class A Common 14912Y202 7,163 562,661 SH   SOLE   247,654 0 315,007
Charles Schwab Corp. Common 808513105 41,861 819,196 SH   SOLE   819,196 0 0
Chubb Ltd. Common H1467J104 275,609 2,169,810 SH   SOLE   2,142,574 0 27,236
CoreSite Realty Corp. Common 21870Q105 4,246 38,314 SH   SOLE   16,704 0 21,610
Costco Wholesale Corp. Common 22160K105 2,817 13,480 SH   SOLE   13,480 0 0
Cousins Properties, Inc. Common 222795106 13,112 1,353,180 SH   SOLE   612,660 0 740,520
Crown Castle International Corp. Common 22822V101 12,895 119,596 SH   SOLE   52,156 0 67,440
Ctrip.com International, Ltd. ADR ADR 22943F100 18,582 390,134 SH   SOLE   390,134 0 0
CubeSmart Common 229663109 12,644 392,430 SH   SOLE   168,210 0 224,220
CyrusOne, Inc. Common 23283R100 2,882 49,380 SH   SOLE   21,682 0 27,698
Davis Select Financial ETF 23908L108 43,422 1,834,445 SH   SOLE   1,834,445 0 0
Davis Select U.S. Equity ETF 23908L207 71,817 2,971,320 SH   SOLE   2,971,320 0 0
Davis Select Worldwide ETF 23908L306 43,503 1,654,105 SH   SOLE   1,654,105 0 0
Davis Select International ETF 23908L405 31,194 1,623,000 SH   SOLE   1,623,000 0 0
DCT Industrial Trust, Inc. Common 233153204 8,518 127,652 SH   SOLE   87,115 0 40,537
Digital Realty Trust, Inc. Common 253868103 12,921 115,796 SH   SOLE   50,736 0 65,060
DowDuPont, Inc. Common 26078J100 791 12,000 SH   SOLE   12,000 0 0
DXC Technology Co. Common 23355L106 912 11,319 SH   SOLE   11,319 0 0
EastGroup Properties, Inc. Common 277276101 9,516 99,585 SH   SOLE   44,955 0 54,630
Eaton Corporation Plc Common G29183103 25,407 339,940 SH   SOLE   306,935 0 33,005
Ecolab, Inc. Common 278865100 603 4,295 SH   SOLE   4,295 0 0
Education Realty Trust, Inc. Common 28140H203 4,812 115,960 SH   SOLE   70,770 0 45,190
Encana Corporation ADR 292505104 752,920 57,695,007 SH   SOLE   56,393,546 0 1,301,461
EQT Midstream Partners L.P. Partnership 26885B100 19,723 382,312 SH   SOLE   358,565 0 23,747
Equinix, Inc Common 29444U700 19,896 46,282 SH   SOLE   20,272 0 26,010
Equity Residential Common 29476L107 14,800 232,375 SH   SOLE   85,670 0 146,705
Essex Property Trust, Inc. Common 297178105 15,574 65,146 SH   SOLE   24,935 0 40,211
Everest Re Group, Ltd. Common G3223R108 53,507 232,155 SH   SOLE   232,155 0 0
Express Scripts Holding Co. Common 30219G108 29,894 387,178 SH   SOLE   351,537 0 35,641
Extra Space Storage, Inc. Common 30225T102 15,237 152,662 SH   SOLE   64,032 0 88,630
Facebook, Inc. Common 30303M102 984,106 5,064,358 SH   SOLE   4,961,170 0 103,188
Fang Holdings Ltd. ADR 30711Y102 58,833 15,163,212 SH   SOLE   14,749,204 0 414,008
Federal Realty Investment Trust Common 313747206 11,703 92,477 SH   SOLE   39,267 0 53,210
FedEx Corp. Common 31428X106 724 3,190 SH   SOLE   3,190 0 0
First Industrial Realty Trust, Inc. Common 32054K103 16,192 485,649 SH   SOLE   174,969 0 310,680
Forest City Realty Trust, Inc., Class A Common 345605109 18,077 792,486 SH   SOLE   343,896 0 448,590
GCI Liberty Inc., Class A Common 36164V305 21,834 484,328 SH   SOLE   483,983 0 345
GGP, Inc. Common 36174X101 3,299 161,482 SH   SOLE   161,482 0 0
Goldman Sachs Group, Inc. Common 38141G104 55,767 252,833 SH   SOLE   252,833 0 0
Greenlight Capital Re, Ltd., Class A Common G4095J109 1,775 125,000 SH   SOLE   125,000 0 0
HCP, Inc. Common 40414L109 8,779 340,000 SH   SOLE   147,290 0 192,710
Hollysys Automation Technologies Ltd. ADR G45667105 116,440 5,259,264 SH   SOLE   5,259,264 0 0
Host Hotels & Resorts, Inc. Common 44107P104 11,342 538,302 SH   SOLE   229,792 0 308,510
HP, Inc. Common 40434L105 473 20,830 SH   SOLE   20,830 0 0
Hudson Pacific Properties, Inc. Common 444097109 12,879 363,512 SH   SOLE   158,982 0 204,530
Intel Corp. Common 458140100 36,873 741,770 SH   SOLE   692,568 0 49,202
Invitation Homes, Inc. Common 46187W107 2,898 125,693 SH   SOLE   55,133 0 70,560
iQIYI Inc., Class A, ADR ADR 46267X108 102,469 3,172,422 SH   SOLE   3,105,616 0 66,806
JBG SMITH Properties Common 46590V100 6,661 182,642 SH   SOLE   79,259 0 103,383
JD.com, Inc., Class A, ADR ADR 47215P106 175,924 4,516,664 SH   SOLE   4,413,919 0 102,745
Johnson Controls International PLC Common G51502105 892,733 26,688,594 SH   SOLE   26,184,681 0 503,913
JPMorgan Chase & Co. Common 46625H100 1,241,003 11,909,819 SH   SOLE   11,728,405 0 181,414
Kimco Realty Corp. Common 49446R109 7,852 462,142 SH   SOLE   201,022 0 261,120
KKR & Co. L.P. Partnership 48248M102 59,746 2,404,246 SH   SOLE   2,404,246 0 0
Lam Research Corp. Common 512807108 602 3,485 SH   SOLE   3,485 0 0
Liberty Expedia Holdings, Inc. Common 53046P109 14,194 323,024 SH   SOLE   322,794 0 230
Liberty Global PLC, Series C Common G5480U120 32,008 1,202,864 SH   SOLE   1,202,864 0 0
Liberty Latin America Ltd., Class C Common G9001E128 22,331 1,152,285 SH   SOLE   1,151,477 0 808
Liberty TripAdvisor Holdings, Inc., Series A Common 531465102 7,377 458,200 SH   SOLE   457,870 0 330
Life Storage, Inc. Common 53223X107 13,637 140,139 SH   SOLE   59,849 0 80,290
Loews Corp. Common 540424108 217,398 4,502,852 SH   SOLE   4,438,050 0 64,802
Markel Corp. Common 570535104 270,613 249,562 SH   SOLE   246,907 0 2,655
Marsh & McLennan Co. Common 571748102 25,456 310,558 SH   SOLE   310,558 0 0
Microsoft Corp. Common 594918104 321,010 3,255,346 SH   SOLE   3,190,286 0 65,060
Moody's Corp. Common 615369105 817 4,790 SH   SOLE   4,790 0 0
New Oriental Education & Technology ADR ADR 647581107 461,386 4,874,142 SH   SOLE   4,816,551 0 57,591
Noah Holdings Ltd. ADS ADR 65487X102 49,103 941,574 SH   SOLE   941,574 0 0
Novartis AG ADR ADR 66987V109 12,903 170,811 SH   SOLE   170,811 0 0
Oaktree Capital Group LLC Partnership 674001201 37,694 927,274 SH   SOLE   927,274 0 0
Occidental Petroleum Corp. Common 674599105 273,943 3,273,692 SH   SOLE   3,227,439 0 46,253
Oracle Corporation Common 68389X105 163,020 3,699,947 SH   SOLE   3,615,739 0 84,208
PNC Financial Services Group, Inc. Common 693475105 41,594 307,873 SH   SOLE   307,873 0 0
PPG Industries, Inc. Common 693506107 567 5,470 SH   SOLE   5,470 0 0
Praxair, Inc. Common 74005P104 1,092 6,905 SH   SOLE   6,905 0 0
Prologis, Inc. Common 74340W103 20,606 313,679 SH   SOLE   139,779 0 173,900
Public Storage Common 74460D109 16,880 74,407 SH   SOLE   28,927 0 45,480
Qorvo, Inc. Common 74736K101 34,418 429,307 SH   SOLE   388,893 0 40,414
Quest Diagnostics, Inc. Common 74834L100 14,639 133,157 SH   SOLE   120,383 0 12,774
Quotient Technology, Inc. Common 749119103 51,328 3,918,176 SH   SOLE   3,682,537 0 235,639
Qurate Retail Inc., Series A Common 74915M100 40,922 1,928,469 SH   SOLE   1,893,865 0 34,604
Regency Centers Corporation Common 758849103 12,184 196,267 SH   SOLE   85,007 0 111,260
Retail Opportunity Investments Corp. Common 76131N101 13,104 683,922 SH   SOLE   292,772 0 391,150
Rexford Industrial Realty, Inc. Common 76169C100 13,412 427,272 SH   SOLE   191,752 0 235,520
SAP AG ADR ADR 803054204 16,947 146,528 SH   SOLE   133,946 0 12,582
Shire Plc., ADR ADR 82481R106 314,791 1,864,875 SH   SOLE   1,849,428 0 15,447
Simon Property Group, Inc. Common 828806109 33,276 195,523 SH   SOLE   92,783 0 102,740
SL Green Realty Corp. Common 78440X101 9,169 91,211 SH   SOLE   39,981 0 51,230
State Street Corp. Common 857477103 45,831 492,328 SH   SOLE   492,328 0 0
Switch, Inc. Common 87105L104 1,001 82,263 SH   SOLE   82,263 0 0
Tarena International, Inc.,Class A, ADR ADR 876108101 37,429 4,944,431 SH   SOLE   4,944,431 0 0
Terreno Realty Corp. Common 88146M101 12,914 342,817 SH   SOLE   149,154 0 193,663
Texas Instruments, Inc. Common 882508104 531,924 4,824,709 SH   SOLE   4,723,911 0 100,798
The Blackstone Group L.P. Common 09253U108 17,739 551,420 SH   SOLE   551,420 0 0
TPG Pace Energy Holdings Corp. Common 872656103 26,306 2,420,050 SH   SOLE   2,419,690 0 360
United Technologies Corp. Common 913017109 1,043,412 8,345,290 SH   SOLE   8,177,368 0 167,922
UnitedHealth Group, Inc. Common 91324P102 13,321 54,296 SH   SOLE   49,133 0 5,163
US Bancorp Common 902973304 462,113 9,238,565 SH   SOLE   9,137,474 0 101,091
Visa, Inc., Class A Common 92826C839 36,767 277,593 SH   SOLE   277,593 0 0
Vornado Realty Trust Common 929042109 8,772 118,675 SH   SOLE   51,569 0 67,106
Wells Fargo & Co. Common 949746101 1,500,726 27,069,365 SH   SOLE   26,598,516 0 470,849
Weyerhaeuser Co. Common 962166104 6,069 166,443 SH   SOLE   75,273 0 91,170
Xilinx, Inc. Common 983919101 517 7,920 SH   SOLE   7,920 0 0
Yirendai Ltd., ADR ADR 98585L100 40,631 1,914,743 SH   SOLE   1,914,743 0 0
ZTO Express Cayman, Inc., Class A, ADR ADR 98980A105 11,499 574,940 SH   SOLE   574,940 0 0