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., Class A, ADR ADR 31680Q104 1,417 22,790 SH   SOLE   22,790 0 0
Acadia Realty Trust Common 004239109 15,981 583,900 SH   SOLE   285,490 0 298,410
Adient plc Common G0084W101 287,576 11,849,046 SH   SOLE   11,451,112 0 397,934
Alexander & Baldwin, Inc. Common 014491104 2,939 127,240 SH   SOLE   63,940 0 63,300
Alexandria Real Estate Equities, Inc. Common 015271109 16,075 113,937 SH   SOLE   65,163 0 48,774
Alibaba Group Holding Ltd., ADR ADR 01609W102 707,146 4,173,186 SH   SOLE   4,100,227 0 72,959
Alleghany Corporation Common 017175100 54,093 79,419 SH   SOLE   79,419 0 0
Alphabet Inc., Class A Common 02079K305 508,013 469,166 SH   SOLE   459,336 0 9,830
Alphabet Inc., Class C Common 02079K107 1,036,910 959,294 SH   SOLE   940,007 0 19,287
Altus Midstream Co., Class A Common 02215L100 12,113 3,256,100 SH   SOLE   3,256,100 0 0
Amazon.com, Inc. Common 023135106 1,248,576 659,356 SH   SOLE   642,946 0 16,410
American Campus Communities, Inc. Common 024835100 16,254 352,114 SH   SOLE   192,300 0 159,814
American Express Co. Common 025816109 756,489 6,128,392 SH   SOLE   6,021,374 0 107,018
American Homes 4 Rent, Class A Common 02665T306 3,961 162,940 SH   SOLE   78,890 0 84,050
Apache Corp. Common 037411105 666,564 23,008,783 SH   SOLE   22,480,133 0 528,650
Applied Materials, Inc. Common 038222105 713,204 15,880,737 SH   SOLE   15,411,681 0 469,056
Aptiv PLC Common G6095L109 17,817 220,420 SH   SOLE   199,622 0 20,798
AvalonBay Communities, Inc. Common 053484101 29,638 145,870 SH   SOLE   83,940 0 61,930
Axalta Coating Systems Ltd. Common G0750C108 701 23,540 SH   SOLE   23,540 0 0
Azul S.A., ADR ADR 05501U106 12,764 381,712 SH   SOLE   381,712 0 0
Baidu, Inc., Class A, ADR ADR 056752108 10,724 91,381 SH   SOLE   91,381 0 0
Bank of America Corp. Common 060505104 47,647 1,643,010 SH   SOLE   1,643,010 0 0
Bank of N.T. Butterfield & Son Ltd. Common G0772R208 113,367 3,338,242 SH   SOLE   3,286,002 0 52,240
Bank of New York Mellon Corp. Common 064058100 738,028 16,716,368 SH   SOLE   16,437,915 0 278,453
Berkshire Hathaway Inc., Class A Common 084670108 1,066,791 3,351 SH   SOLE   3,348 0 3
Berkshire Hathaway Inc., Class B Common 084670702 346,989 1,627,758 SH   SOLE   1,529,965 0 97,793
Booking Holdings, Inc. Common 09857L108 100,634 53,680 SH   SOLE   53,630 0 50
Boston Properties, Inc. Common 101121101 19,541 151,480 SH   SOLE   80,890 0 70,590
Brandywine Realty Trust Common 105368203 8,396 586,291 SH   SOLE   287,880 0 298,411
Brixmor Property Group, Inc. Common 11120U105 11,011 615,800 SH   SOLE   312,820 0 302,980
Camden Property Trust Common 133131102 17,804 170,550 SH   SOLE   89,480 0 81,070
Capital One Financial Corp. Common 14040H105 1,255,514 13,836,387 SH   SOLE   13,550,329 0 286,058
CarMax, Inc. Common 143130102 438 5,046 SH   SOLE   1,286 0 3,760
Charles Schwab Corp. Common 808513105 19,295 480,084 SH   SOLE   480,084 0 0
China Index Holdings Ltd., ADR ADR 16954W101 12,757 3,593,523 SH   SOLE   3,566,932 0 26,591
Chubb Ltd. Common H1467J104 317,790 2,157,578 SH   SOLE   2,129,429 0 28,149
Cigna Corp. Common 125523100 16,706 106,034 SH   SOLE   96,264 0 9,770
Coresite Realty Corp. Common 21870Q105 10,447 90,710 SH   SOLE   43,650 0 47,060
Costco Wholesale Corp. Common 22160K105 2,030 7,680 SH   SOLE   250 0 7,430
Cousins Properties, Inc. Common 222795502 7,734 213,815 SH   SOLE   109,310 0 104,505
Crown Castle International Corp. Common 22822V101 17,596 134,990 SH   SOLE   68,940 0 66,050
Ctrip.com International, Ltd., ADR ADR 22943F100 17,581 476,313 SH   SOLE   476,313 0 0
CubeSmart Common 229663109 4,882 145,980 SH   SOLE   61,640 0 84,340
CVS Health Corp. Common 126650100 60,031 1,101,682 SH   SOLE   1,057,541 0 44,141
Davis Select Financial ETF 23908L108 44,380 1,904,737 SH   SOLE   1,890,945 0 0
Davis Select International ETF 23908L405 65,180 3,654,046 SH   SOLE   3,638,800 0 0
Davis Select U.S. Equity ETF 23908L207 74,243 3,169,516 SH   SOLE   3,052,420 0 0
Davis Select Worldwide ETF 23908L306 42,067 1,803,388 SH   SOLE   1,720,905 0 0
Digital Realty Trust, Inc. Common 253868103 17,309 146,950 SH   SOLE   76,610 0 70,340
DowDuPont, Inc. Common 26614N102 300 4,000 SH   SOLE   4,000 0 0
DXC Technology Co. Common 23355L106 624 11,319 SH   SOLE   11,319 0 0
EastGroup Properties, Inc. Common 277276101 3,390 29,230 SH   SOLE   12,610 0 16,620
Eaton Corp. PLC Common G29183103 36,435 437,499 SH   SOLE   397,607 0 39,892
Electronic Arts, Inc. Common 285512109 300 2,960 SH   SOLE   2,960 0 0
Encana Corp. Common 292505104 258,023 50,296,797 SH   SOLE   48,714,873 0 1,581,924
Equinix, Inc. Common 29444U700 29,188 57,880 SH   SOLE   30,130 0 27,750
Equity LifeStyle Properties, Inc. Common 29472R108 7,606 62,680 SH   SOLE   32,450 0 30,230
Equity Residential Common 29476L107 17,713 233,310 SH   SOLE   110,495 0 122,815
Essex Property Trust, Inc. Common 297178105 19,440 66,591 SH   SOLE   32,760 0 33,831
Everest Re Group, Ltd. Common G3223R108 36,415 147,322 SH   SOLE   147,322 0 0
Extra Space Storage Inc. Common 30225T102 10,197 96,110 SH   SOLE   47,620 0 48,490
Facebook, Inc, Class A Common 30303M102 898,939 4,657,716 SH   SOLE   4,553,701 0 104,015
Fang Holdings Ltd., Class A, ADR ADR 30711Y102 6,566 10,568,354 SH   SOLE   10,433,722 0 134,632
Federal Realty Investment Trust Common 313747206 14,506 112,660 SH   SOLE   55,320 0 57,340
FedEx Corp. Common 31428X106 524 3,190 SH   SOLE   3,190 0 0
First Industrial Realty Trust, Inc. Common 32054K103 3,004 81,770 SH   SOLE   37,450 0 44,320
Futu Holdings Ltd., Class A, ADR ADR 36118L106 1,029 97,320 SH   SOLE   90,860 0 6,460
GCI Liberty, Inc., Class A Common 36164V305 24,498 398,598 SH   SOLE   398,253 0 345
Goldman Sachs Group, Inc. Common 38141G104 53,591 261,932 SH   SOLE   261,932 0 0
Greenlight Capital Re, Ltd., Class A Common G4095J109 17,291 2,036,640 SH   SOLE   2,036,640 0 0
HCP, Inc. Common 40414L109 10,375 324,406 SH   SOLE   179,340 0 145,066
Hollysys Automation Technologies, Ltd. Common G45667105 127,441 6,707,397 SH   SOLE   6,707,397 0 0
Host Hotels & Resorts, Inc. Common 44107P104 10,671 585,680 SH   SOLE   276,190 0 309,490
HP, Inc. Common 40434L105 433 20,830 SH   SOLE   20,830 0 0
Hudson Pacific Properties, Inc. Common 444097109 17,783 534,520 SH   SOLE   273,450 0 261,070
Humana Inc. Common 444859102 35,540 133,960 SH   SOLE   122,708 0 11,252
Intel Corp. Common 458140100 357,766 7,473,706 SH   SOLE   7,204,070 0 269,636
Invitation Homes, Inc. Common 46187W107 3,861 144,430 SH   SOLE   66,970 0 77,460
iQIYI, Inc., Class A, ADR ADR 46267X108 34,311 1,661,546 SH   SOLE   1,603,896 0 57,650
JD.com, Inc., Class A, ADR ADR 47215P106 195,833 6,465,282 SH   SOLE   6,272,156 0 193,126
Johnson Controls International PLC Common G51502105 41,401 1,002,195 SH   SOLE   928,827 0 73,368
JPMorgan Chase & Co. Common 46625H100 885,920 7,924,152 SH   SOLE   7,802,709 0 121,443
KKR & Co. Inc., Class A Common 48251W104 38,226 1,512,690 SH   SOLE   1,512,690 0 0
Lam Research Corp. Common 512807108 655 3,485 SH   SOLE   3,485 0 0
Liberty Expedia Holdings, Inc. Common 53046P109 12,743 266,654 SH   SOLE   266,424 0 230
Liberty Global plc, Series C Common G5480U120 25,523 962,034 SH   SOLE   962,034 0 0
Liberty Latin America Ltd., Class C Common G9001E128 15,731 915,149 SH   SOLE   914,341 0 808
Liberty Property Trust Common 531172104 6,474 129,370 SH   SOLE   61,890 0 67,480
Liberty TripAdvisor Hldgs Inc. - A Common 531465102 4,701 379,150 SH   SOLE   378,820 0 330
Life Storage, Inc. Common 53223X107 5,691 59,850 SH   SOLE   25,410 0 34,440
Loews Corp. Common 540424108 220,385 4,031,184 SH   SOLE   3,970,113 0 61,071
Macerich Co. Common 554382101 2,228 66,530 SH   SOLE   38,980 0 27,550
Magnolia Oil & Gas Corp., Class A Common 559663109 143,192 12,365,434 SH   SOLE   12,277,950 0 87,484
Markel Corp. Common 570535104 256,523 235,429 SH   SOLE   233,120 0 2,309
Microsoft Corp. Common 594918104 241,186 1,800,433 SH   SOLE   1,754,576 0 45,857
Mid-America Apartment Communities, Inc. Common 59522J103 3,237 27,490 SH   SOLE   13,210 0 14,280
New Oriental Education & Tech ADR ADR 647581107 1,073,930 11,119,591 SH   SOLE   10,955,211 0 164,380
Noah Holdings Ltd., ADS ADR 65487X102 40,160 943,832 SH   SOLE   928,332 0 15,500
Novartis AG - ADR ADR 66987V109 2,102 23,024 SH   SOLE   23,024 0 0
Oracle Corp. Common 68389X105 149,527 2,624,661 SH   SOLE   2,553,345 0 71,316
Owens Corning Common 690742101 19,540 335,744 SH   SOLE   306,246 0 29,498
PNC Financial Services Group, Inc. Common 693475105 44,952 327,451 SH   SOLE   327,451 0 0
PPG Industries, Inc. Common 693506107 638 5,470 SH   SOLE   5,470 0 0
Prologis, Inc. Common 74340W103 27,236 340,028 SH   SOLE   182,868 0 157,160
Public Storage, Inc. Common 74460D109 16,924 71,060 SH   SOLE   34,790 0 36,270
Qorvo, Inc. Common 74736K101 31,683 475,642 SH   SOLE   431,592 0 44,050
Quest Diagnostics, Inc. Common 74834L100 407,359 4,001,170 SH   SOLE   3,865,894 0 135,276
Quotient Technology, Inc. Common 749119103 48,618 4,526,779 SH   SOLE   4,150,729 0 376,050
Qurate Retail, Inc. Series A Common 74915M100 20,138 1,625,369 SH   SOLE   1,591,996 0 33,373
Regency Centers Corp. Common 758849103 13,026 195,180 SH   SOLE   116,190 0 78,990
Retail Opportunity Investments Corp. Common 76131N101 5,988 349,545 SH   SOLE   165,525 0 184,020
Rexford Industrial Realty, Inc. Common 76169C100 16,046 397,480 SH   SOLE   196,100 0 201,380
Ryman Hospitality Properties, Inc. Common 78377T107 4,055 50,010 SH   SOLE   24,790 0 25,220
SAP SE, ADR ADR 803054204 19,169 140,125 SH   SOLE   129,174 0 10,951
Simon Property Group, Inc. Common 828806109 31,759 198,790 SH   SOLE   109,350 0 89,440
SL Green Realty Corp. Common 78440X101 5,747 71,510 SH   SOLE   34,370 0 37,140
State Street Corp. Common 857477103 41,296 736,636 SH   SOLE   736,636 0 0
STORE Capital Corp. Common 862121100 5,782 174,210 SH   SOLE   86,930 0 87,280
Sun Communities, Inc. Common 866674104 7,572 59,070 SH   SOLE   30,730 0 28,340
Tarena International, Inc.,Class A, ADR ADR 876108101 12,219 4,887,670 SH   SOLE   4,887,670 0 0
Terreno Realty Corp. Common 88146M101 15,356 313,137 SH   SOLE   150,904 0 162,233
Texas Instruments, Inc. Common 882508104 468,405 4,081,608 SH   SOLE   3,964,773 0 116,835
The Stars Group, Inc. Common 85570W100 426 24,980 SH   SOLE   24,980 0 0
U.S. Bancorp Common 902973304 474,545 9,056,196 SH   SOLE   8,951,464 0 104,732
United Technologies Corp. Common 913017109 1,068,483 8,206,472 SH   SOLE   7,977,353 0 229,119
UnitedHealth Group, Inc. Common 91324P102 48,675 199,480 SH   SOLE   181,693 0 17,787
Ventas, Inc. Common 92276F100 12,641 184,950 SH   SOLE   141,550 0 43,400
Vornado Realty Trust Common 929042109 8,749 136,490 SH   SOLE   62,824 0 73,666
Wells Fargo & Co. Common 949746101 1,312,177 27,729,864 SH   SOLE   27,098,849 0 631,015
Welltower Inc. Common 95040Q104 12,239 150,120 SH   SOLE   76,990 0 73,130
Xilinx, Inc. Common 983919101 670 5,685 SH   SOLE   5,685 0 0
Yirendai Ltd., ADR ADR 98585L100 37,043 2,692,098 SH   SOLE   2,664,618 0 27,480