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
Estimated average burden
hours per response: 23.8
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 1,351 18,350 SH   SOLE   18,350 0 0
Acadia Realty Trust Common 004239109 14,946 533,227 SH   SOLE   239,937 0 293,290
Adient PLC Common G0084W101 444,469 11,306,775 SH   SOLE   10,937,942 0 368,833
Aetna Inc. Common 00817Y108 932,740 4,598,174 SH   SOLE   4,464,824 0 133,350
Air Products & Chemicals, Inc. Common 009158106 321 1,919 SH   SOLE   0 0 1,919
Alexandria Real Estate Equities, Inc. Common 015271109 13,396 106,497 SH   SOLE   51,853 0 54,644
Alibaba Group Holding Ltd. ADR ADR 01609W102 650,381 3,947,444 SH   SOLE   3,871,828 0 75,616
Alleghany Corporation Common 017175100 52,740 80,824 SH   SOLE   80,824 0 0
Alphabet Inc., Class A Common 02079K305 637,744 528,336 SH   SOLE   515,745 0 12,591
Alphabet Inc., Class C Common 02079K107 1,233,365 1,033,428 SH   SOLE   1,012,251 0 21,177
Amazon.com, Inc. Common 023135106 1,463,432 730,620 SH   SOLE   710,824 0 19,796
American Campus Communities, Inc. Common 024835100 12,766 310,152 SH   SOLE   153,098 0 157,054
American Express Co. Common 025816109 719,785 6,759,180 SH   SOLE   6,647,563 0 111,617
American Homes 4 Rent, Class A Common 02665T306 5,941 271,386 SH   SOLE   123,256 0 148,130
Apache Corporation Common 037411105 1,146,638 24,053,664 SH   SOLE   23,421,889 0 631,775
Applied Materials, Inc. Common 038222105 408,469 10,568,412 SH   SOLE   10,343,367 0 225,045
Aptiv PLC Common G6095L109 31,230 372,227 SH   SOLE   337,129 0 35,098
AvalonBay Communities, Inc. Common 053484101 27,916 154,102 SH   SOLE   74,032 0 80,070
Axalta Coating Systems Ltd. Common G0750C108 686 23,540 SH   SOLE   23,540 0 0
Azul S.A., ADR ADR 05501U106 7,157 402,288 SH   SOLE   398,771 0 3,517
Baidu, Inc. Class A, ADR ADR 056752108 27,245 119,141 SH   SOLE   116,281 0 2,860
Bank of New York Mellon Corp. Common 064058100 894,236 17,537,478 SH   SOLE   17,254,033 0 283,445
Berkshire Hathaway Inc., Class A Common 084670108 1,131,200 3,535 SH   SOLE   3,532 0 3
Berkshire Hathaway Inc., Class B Common 084670702 388,510 1,814,535 SH   SOLE   1,702,091 0 112,444
BlackBerry Limited Common 09228F103 25,538 2,244,086 SH   SOLE   2,020,725 0 223,361
Booking Holdings, Inc. Common 09857L108 115,727 58,330 SH   SOLE   58,280 0 50
Boston Properties, Inc. Common 101121101 17,591 142,911 SH   SOLE   64,501 0 78,410
Brandywine Realty Trust Common 105368203 8,282 526,859 SH   SOLE   227,578 0 299,281
Brixmor Property Group, Inc. Common 11120U105 9,779 558,471 SH   SOLE   254,611 0 303,860
Brookfield Property Partners L.P. Partnership G16249107 1,269 60,746 SH   SOLE   60,746 0 0
Cabot Oil & Gas Corp. Common 127097103 14,142 627,974 SH   SOLE   497,768 0 130,206
Camden Property Trust Common 133131102 16,628 177,703 SH   SOLE   74,643 0 103,060
Capital One Financial Corp. Common 14040H105 1,276,539 13,447,161 SH   SOLE   13,182,241 0 264,920
CarMax, Inc. Common 143130102 417 5,586 SH   SOLE   1,286 0 4,300
CatchMark Timber Trust Inc., Class A Common 14912Y202 2,453 214,639 SH   SOLE   151,776 0 62,863
Charles Schwab Corp. Common 808513105 23,147 470,941 SH   SOLE   470,941 0 0
Chubb Ltd. Common H1467J104 291,021 2,177,646 SH   SOLE   2,149,895 0 27,751
CoreSite Realty Corp. Common 21870Q105 4,480 40,307 SH   SOLE   17,887 0 22,420
Costco Wholesale Corp. Common 22160K105 3,166 13,480 SH   SOLE   250 0 13,230
Cousins Properties, Inc. Common 222795106 13,082 1,471,514 SH   SOLE   687,234 0 784,280
Crown Castle International Corp. Common 22822V101 14,464 129,918 SH   SOLE   58,488 0 71,430
Ctrip.com International, Ltd. ADR ADR 22943F100 14,926 401,548 SH   SOLE   401,548 0 0
CubeSmart Common 229663109 3,920 137,391 SH   SOLE   54,491 0 82,900
CyrusOne, Inc. Common 23283R100 3,127 49,322 SH   SOLE   21,624 0 27,698
Davis Select Financial ETF 23908L108 45,329 1,834,445 SH   SOLE   1,834,445 0 0
Davis Select International ETF 23908L405 43,154 2,363,800 SH   SOLE   2,363,800 0 0
Davis Select U.S. Equity ETF 23908L207 75,083 2,971,320 SH   SOLE   2,971,320 0 0
Davis Select Worldwide ETF 23908L306 42,444 1,654,105 SH   SOLE   1,654,105 0 0
Digital Realty Trust, Inc. Common 253868103 14,148 125,779 SH   SOLE   56,879 0 68,900
DowDuPont, Inc. Common 26078J100 772 12,000 SH   SOLE   12,000 0 0
DXC Technology Co. Common 23355L106 1,059 11,319 SH   SOLE   11,319 0 0
EastGroup Properties, Inc. Common 277276101 9,513 99,484 SH   SOLE   44,854 0 54,630
Eaton Corporation PLC Common G29183103 29,501 340,143 SH   SOLE   307,583 0 32,560
Ecolab, Inc. Common 278865100 673 4,295 SH   SOLE   4,295 0 0
Electronic Arts, Inc. Common 285512109 839 6,960 SH   SOLE   6,960 0 0
Encana Corporation Common 292505104 546,449 41,681,882 SH   SOLE   40,664,390 0 1,017,492
Equinix, Inc Common 29444U700 21,760 50,266 SH   SOLE   22,726 0 27,540
Equity LifeStyle Properties, Inc. Common 29472R108 2,765 28,663 SH   SOLE   13,443 0 15,220
Equity Residential Common 29476L107 14,712 222,035 SH   SOLE   91,760 0 130,275
Essex Property Trust, Inc. Common 297178105 15,758 63,872 SH   SOLE   27,961 0 35,911
Everest Re Group, Ltd. Common G3223R108 53,431 233,865 SH   SOLE   233,865 0 0
Express Scripts Holding Co. Common 30219G108 36,855 387,902 SH   SOLE   352,505 0 35,397
Extra Space Storage, Inc. Common 30225T102 7,619 87,937 SH   SOLE   39,307 0 48,630
Facebook, Inc. Common 30303M102 818,707 4,978,151 SH   SOLE   4,849,187 0 128,964
Fang Holdings Ltd. ADR ADR 30711Y102 37,705 14,557,825 SH   SOLE   13,982,417 0 575,408
Federal Realty Investment Trust Common 313747206 12,698 100,402 SH   SOLE   44,042 0 56,360
FedEx Corp. Common 31428X106 768 3,190 SH   SOLE   3,190 0 0
First Industrial Realty Trust, Inc. Common 32054K103 11,821 376,460 SH   SOLE   174,550 0 201,910
Forest City Realty Trust, Inc., Class A Common 345605109 9,239 368,218 SH   SOLE   368,218 0 0
GCI Liberty Inc., Class A Common 36164V305 22,213 435,558 SH   SOLE   435,213 0 345
General Electric Co. Common 369604103 718,481 63,638,716 SH   SOLE   62,061,077 0 1,577,639
Goldman Sachs Group, Inc. Common 38141G104 56,982 254,113 SH   SOLE   254,113 0 0
Greenlight Capital Re, Ltd., Class A Common G4095J109 23,580 1,901,610 SH   SOLE   1,901,610 0 0
HCP, Inc. Common 40414L109 12,228 464,585 SH   SOLE   206,115 0 258,470
Hollysys Automation Technologies Ltd. ADR ADR G45667105 131,061 6,132,962 SH   SOLE   6,132,962 0 0
Host Hotels & Resorts, Inc. Common 44107P104 11,960 566,801 SH   SOLE   246,631 0 320,170
HP, Inc. Common 40434L105 537 20,830 SH   SOLE   20,830 0 0
Hudson Pacific Properties, Inc. Common 444097109 12,922 394,922 SH   SOLE   178,302 0 216,620
Intel Corp. Common 458140100 35,172 743,744 SH   SOLE   694,808 0 48,936
Invitation Homes, Inc. Common 46187W107 5,915 258,174 SH   SOLE   116,884 0 141,290
iQIYI Inc., Class A, ADR ADR 46267X108 88,099 3,254,495 SH   SOLE   3,110,320 0 144,175
iShares S&P 500 Value ETF ETF 464287408 1,331 11,488 SH   SOLE   11,488 0 0
JD.com, Inc., Class A, ADR ADR 47215P106 171,840 6,586,418 SH   SOLE   6,354,019 0 232,399
Johnson Controls International PLC Common G51502105 463,373 13,239,234 SH   SOLE   12,781,335 0 457,899
JPMorgan Chase & Co. Common 46625H100 913,249 8,093,313 SH   SOLE   7,971,120 0 122,193
Kimco Realty Corp. Common 49446R109 7,728 461,672 SH   SOLE   200,552 0 261,120
KKR & Co. Inc., Class A Common 48251W104 40,846 1,497,846 SH   SOLE   1,497,846 0 0
Lam Research Corp. Common 512807108 529 3,485 SH   SOLE   3,485 0 0
Liberty Expedia Holdings, Inc. Common 53046P109 13,667 290,534 SH   SOLE   290,304 0 230
Liberty Global PLC, Series C Common G5480U120 32,099 1,139,864 SH   SOLE   1,139,864 0 0
Liberty Latin America Ltd., Class C Common G9001E128 20,485 992,959 SH   SOLE   992,151 0 808
Liberty TripAdvisor Holdings, Inc., Series A Common 531465102 6,115 411,810 SH   SOLE   411,480 0 330
Life Storage, Inc. Common 53223X107 5,358 56,310 SH   SOLE   22,460 0 33,850
Loews Corp. Common 540424108 213,359 4,247,645 SH   SOLE   4,183,194 0 64,451
Magnolia Oil & Gas Corp., Class A Common 559663109 186,420 12,419,690 SH   SOLE   12,419,690 0 0
Markel Corp. Common 570535104 288,089 242,399 SH   SOLE   239,748 0 2,651
Marsh & McLennan Co. Common 571748102 25,753 311,328 SH   SOLE   311,328 0 0
Microsoft Corp. Common 594918104 338,958 2,963,695 SH   SOLE   2,899,872 0 63,823
Mid-America Apartment Communities, Inc Common 59522J103 2,694 26,891 SH   SOLE   12,611 0 14,280
New Oriental Education & Technology ADR ADR 647581107 587,994 7,944,790 SH   SOLE   7,816,615 0 128,175
Noah Holdings Ltd. ADS ADR 65487X102 36,133 857,444 SH   SOLE   841,944 0 15,500
Novartis AG ADR ADR 66987V109 13,576 157,573 SH   SOLE   157,573 0 0
Oaktree Capital Group LLC Partnership 674001201 38,632 933,144 SH   SOLE   933,144 0 0
Oracle Corp. Common 68389X105 175,723 3,408,131 SH   SOLE   3,323,288 0 84,843
PNC Financial Services Group, Inc. Common 693475105 42,240 310,153 SH   SOLE   310,153 0 0
PPG Industries, Inc. Common 693506107 597 5,470 SH   SOLE   5,470 0 0
Praxair, Inc. Common 74005P104 1,110 6,905 SH   SOLE   6,905 0 0
Prologis, Inc. Common 74340W103 23,394 345,097 SH   SOLE   180,007 0 165,090
Public Storage, Inc. Common 74460D109 14,989 74,340 SH   SOLE   28,860 0 45,480
Qorvo, Inc. Common 74736K101 34,132 443,911 SH   SOLE   403,086 0 40,825
Quest Diagnostics, Inc. Common 74834L100 14,302 132,539 SH   SOLE   120,086 0 12,453
Quotient Technology, Inc. Common 749119103 66,212 4,271,738 SH   SOLE   3,986,716 0 285,022
Qurate Retail Inc., Series A Common 74915M100 39,432 1,775,415 SH   SOLE   1,740,687 0 34,728
Regency Centers Corporation Common 758849103 13,785 213,160 SH   SOLE   95,320 0 117,840
Retail Opportunity Investments Corp. Common 76131N101 13,864 742,581 SH   SOLE   328,321 0 414,260
Rexford Industrial Realty, Inc. Common 76169C100 14,852 464,720 SH   SOLE   215,290 0 249,430
Ryman Hospitality Properties, Inc. Common 78377T107 2,876 33,375 SH   SOLE   15,105 0 18,270
SAP SE, ADR ADR 803054204 17,578 142,914 SH   SOLE   130,481 0 12,433
Shire PLC, ADR ADR 82481R106 337,270 1,860,595 SH   SOLE   1,831,781 0 28,814
Simon Property Group, Inc. Common 828806109 34,518 195,294 SH   SOLE   92,554 0 102,740
SL Green Realty Corp. Common 78440X101 9,671 99,163 SH   SOLE   44,903 0 54,260
State Street Corp. Common 857477103 59,778 713,517 SH   SOLE   713,517 0 0
Sun Communities, Inc. Common 866674104 2,738 26,961 SH   SOLE   12,641 0 14,320
Tarena International, Inc.,Class A, ADR ADR 876108101 41,509 5,111,920 SH   SOLE   5,111,920 0 0
Terreno Realty Corp. Common 88146M101 14,045 372,555 SH   SOLE   167,452 0 205,103
Texas Instruments, Inc. Common 882508104 474,656 4,424,050 SH   SOLE   4,324,142 0 99,908
The Bank of N.T. Butterfield & Son Ltd. Common G0772R208 123,621 2,383,738 SH   SOLE   2,346,958 0 36,780
The Blackstone Group L.P. Partnership 09253U108 21,135 555,020 SH   SOLE   555,020 0 0
United Technologies Corp. Common 913017109 1,146,220 8,198,411 SH   SOLE   7,992,557 0 205,854
UnitedHealth Group, Inc. Common 91324P102 14,464 54,368 SH   SOLE   49,248 0 5,120
US Bancorp Common 902973304 488,130 9,243,136 SH   SOLE   9,141,410 0 101,726
Visa, Inc., Class A Common 92826C839 35,069 233,653 SH   SOLE   233,653 0 0
Vornado Realty Trust Common 929042109 10,016 137,202 SH   SOLE   59,606 0 77,596
Wells Fargo & Co. Common 949746101 1,425,448 27,120,401 SH   SOLE   26,511,920 0 608,481
Welltower, Inc. Common 95040Q104 6,809 105,868 SH   SOLE   48,428 0 57,440
Weyerhaeuser Co. Common 962166104 2,657 82,323 SH   SOLE   37,573 0 44,750
Xilinx, Inc. Common 983919101 635 7,920 SH   SOLE   7,920 0 0
Yirendai Ltd., ADR ADR 98585L100 41,139 2,235,823 SH   SOLE   2,208,343 0 27,480
ZTO Express Cayman, Inc., Class A, ADR ADR 98980A105 9,919 598,622 SH   SOLE   598,622 0 0