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 1,124 22,790 SH   SOLE   22,790 0 0
Acadia Realty Trust Common 004239109 17,260 603,920 SH   SOLE   306,500 0 297,420
Adient plc Common G0084W101 205,558 8,952,876 SH   SOLE   8,756,518 0 196,358
Alexander & Baldwin, Inc. Common 014491104 3,232 131,850 SH   SOLE   68,760 0 63,090
Alexandria Real Estate Equities, Inc. Common 015271109 18,320 118,927 SH   SOLE   70,323 0 48,604
Alibaba Group Holding Ltd., ADR ADR 01609W102 698,454 4,176,607 SH   SOLE   4,127,133 0 49,474
Alleghany Corporation Common 017175100 41,334 51,813 SH   SOLE   51,813 0 0
Alphabet Inc., Class A Common 02079K305 551,819 451,888 SH   SOLE   442,439 0 9,449
Alphabet Inc., Class C Common 02079K107 1,115,454 915,057 SH   SOLE   902,360 0 12,697
Altus Midstream Co., Class A Common 02215L100 11,230 3,968,360 SH   SOLE   3,968,360 0 0
Amazon.com, Inc. Common 023135106 1,094,082 630,264 SH   SOLE   617,489 0 12,775
American Campus Communities, Inc. Common 024835100 19,039 395,984 SH   SOLE   207,320 0 188,664
American Express Co. Common 025816109 692,755 5,856,906 SH   SOLE   5,751,423 0 105,483
American Homes 4 Rent, Class A Common 02665T306 4,369 168,740 SH   SOLE   84,970 0 83,770
Apache Corp. Common 037411105 563,112 21,996,556 SH   SOLE   21,484,943 0 511,613
Applied Materials, Inc. Common 038222105 775,692 15,544,930 SH   SOLE   15,224,726 0 320,204
Aptiv PLC Common G6095L109 18,618 212,977 SH   SOLE   193,883 0 19,094
AvalonBay Communities, Inc. Common 053484101 32,584 151,320 SH   SOLE   83,770 0 67,550
Axalta Coating Systems Ltd. Common G0750C108 710 23,540 SH   SOLE   23,540 0 0
Azul S.A., ADR ADR 05501U106 13,715 382,876 SH   SOLE   382,876 0 0
Baidu, Inc., Class A, ADR ADR 056752108 9,410 91,573 SH   SOLE   91,573 0 0
Bank of America Corp. Common 060505104 74,467 2,552,852 SH   SOLE   2,552,852 0 0
Bank of N.T. Butterfield & Son Ltd. Common G0772R208 98,691 3,329,656 SH   SOLE   3,329,656 0 0
Bank of New York Mellon Corp. Common 064058100 735,989 16,279,343 SH   SOLE   16,007,749 0 271,594
Berkshire Hathaway Inc., Class A Common 084670108 1,011,583 3,244 SH   SOLE   3,241 0 3
Berkshire Hathaway Inc., Class B Common 084670702 331,491 1,593,552 SH   SOLE   1,498,120 0 95,432
Booking Holdings, Inc. Common 09857L108 100,976 51,450 SH   SOLE   51,400 0 50
Boston Properties, Inc. Common 101121101 13,769 106,190 SH   SOLE   58,470 0 47,720
Brandywine Realty Trust Common 105368203 9,188 606,441 SH   SOLE   309,020 0 297,421
Brixmor Property Group, Inc. Common 11120U105 12,954 638,450 SH   SOLE   336,480 0 301,970
Cabot Oil & Gas Corp. Common 127097103 12,424 707,142 SH   SOLE   646,362 0 60,780
Camden Property Trust Common 133131102 19,703 177,490 SH   SOLE   96,690 0 80,800
Capital One Financial Corp. Common 14040H105 1,243,063 13,663,040 SH   SOLE   13,439,271 0 223,769
CarMax, Inc. Common 143130102 391 4,440 SH   SOLE   680 0 3,760
Charles Schwab Corp. Common 808513105 39,061 933,808 SH   SOLE   933,808 0 0
China Index Holdings Ltd., ADR ADR 16954W101 19,139 4,907,385 SH   SOLE   4,884,946 0 22,439
Chubb Ltd. Common H1467J104 323,191 2,001,929 SH   SOLE   1,973,991 0 27,938
Cigna Corp. Common 125523100 28,402 187,116 SH   SOLE   173,115 0 14,001
Coresite Realty Corp. Common 21870Q105 6,574 53,950 SH   SOLE   31,970 0 21,980
Cousins Properties, Inc. Common 222795502 11,373 302,545 SH   SOLE   163,740 0 138,805
Crown Castle International Corp. Common 22822V101 10,793 77,640 SH   SOLE   40,790 0 36,850
Ctrip.com International, Ltd., ADR ADR 22943F100 14,098 481,331 SH   SOLE   481,331 0 0
CubeSmart Common 229663109 5,239 150,120 SH   SOLE   66,060 0 84,060
CVS Health Corp. Common 126650100 67,203 1,065,535 SH   SOLE   1,047,557 0 17,978
CyrusOne Inc. Common 23283R100 3,342 42,250 SH   SOLE   42,250 0 0
Davis Select Financial ETF 23908L108 45,266 1,904,737 SH   SOLE   1,904,737 0 0
Davis Select International ETF 23908L405 63,579 3,654,046 SH   SOLE   3,654,046 0 0
Davis Select U.S. Equity ETF 23908L207 75,590 3,169,516 SH   SOLE   3,169,516 0 0
Davis Select Worldwide ETF 23908L306 41,226 1,803,388 SH   SOLE   1,803,388 0 0
Digital Realty Trust, Inc. Common 253868103 14,432 111,180 SH   SOLE   59,630 0 51,550
DowDuPont, Inc. Common 26614N102 285 4,000 SH   SOLE   4,000 0 0
DXC Technology Co. Common 23355L106 2,051 69,539 SH   SOLE   69,539 0 0
EastGroup Properties, Inc. Common 277276101 3,759 30,070 SH   SOLE   13,500 0 16,570
Eaton Corp. PLC Common G29183103 35,963 432,507 SH   SOLE   393,813 0 38,694
Electronic Arts, Inc. Common 285512109 290 2,960 SH   SOLE   2,960 0 0
Encana Corp. Common 292505104 225,200 48,956,580 SH   SOLE   47,383,256 0 1,573,324
Equinix, Inc. Common 29444U700 20,724 35,930 SH   SOLE   19,280 0 16,650
Equity LifeStyle Properties, Inc. Common 29472R108 8,689 65,040 SH   SOLE   34,910 0 30,130
Equity Residential Common 29476L107 20,665 239,570 SH   SOLE   119,025 0 120,545
Essex Property Trust, Inc. Common 297178105 22,327 68,351 SH   SOLE   35,150 0 33,201
Everest Re Group, Ltd. Common G3223R108 27,981 105,158 SH   SOLE   105,158 0 0
Expedia Group, Inc. Common 30212P303 12,372 92,047 SH   SOLE   91,965 0 82
Extra Space Storage Inc. Common 30225T102 11,613 99,410 SH   SOLE   51,080 0 48,330
Facebook, Inc, Class A Common 30303M102 795,421 4,466,648 SH   SOLE   4,387,895 0 78,753
Fang Holdings Ltd., Class A, ADR ADR 30711Y201 4,471 2,013,863 SH   SOLE   1,991,149 0 22,714
Federal Realty Investment Trust Common 313747206 15,908 116,850 SH   SOLE   59,700 0 57,150
FedEx Corp. Common 31428X106 464 3,190 SH   SOLE   3,190 0 0
First Industrial Realty Trust, Inc. Common 32054K103 3,331 84,200 SH   SOLE   40,030 0 44,170
GCI Liberty, Inc., Class A Common 36164V305 23,722 382,188 SH   SOLE   381,843 0 345
Goldman Sachs Group, Inc. Common 38141G104 50,250 242,484 SH   SOLE   242,484 0 0
Greenlight Capital Re, Ltd., Class A Common G4095J109 20,261 1,929,654 SH   SOLE   1,929,654 0 0
HCP, Inc. Common 40414L109 12,118 340,096 SH   SOLE   195,510 0 144,586
Hollysys Automation Technologies, Ltd. Common G45667105 100,696 6,629,103 SH   SOLE   6,629,103 0 0
Host Hotels & Resorts, Inc. Common 44107P104 10,445 604,090 SH   SOLE   295,630 0 308,460
HP, Inc. Common 40434L105 394 20,830 SH   SOLE   20,830 0 0
Hudson Pacific Properties, Inc. Common 444097109 18,116 541,430 SH   SOLE   281,230 0 260,200
Humana Inc. Common 444859102 34,328 134,266 SH   SOLE   123,151 0 11,115
Intel Corp. Common 458140100 376,879 7,313,775 SH   SOLE   7,162,171 0 151,604
Invitation Homes, Inc. Common 46187W107 4,399 148,580 SH   SOLE   71,370 0 77,210
iQIYI, Inc., Class A, ADR ADR 46267X108 17,067 1,058,077 SH   SOLE   1,058,077 0 0
iShares Russell 3000 Index Fund ETF 464287689 252 1,450 SH   SOLE   1,450 0 0
iShares S&P 500 Value ETF ETF 464287408 511 4,288 SH   SOLE   4,288 0 0
JD.com, Inc., Class A, ADR ADR 47215P106 148,810 5,275,063 SH   SOLE   5,275,063 0 0
Johnson Controls International PLC Common G51502105 43,501 991,133 SH   SOLE   920,548 0 70,585
JPMorgan Chase & Co. Common 46625H100 906,411 7,701,685 SH   SOLE   7,578,660 0 123,025
KKR & Co. Inc., Class A Common 48251W104 33,640 1,252,876 SH   SOLE   1,252,876 0 0
Lam Research Corp. Common 512807108 805 3,485 SH   SOLE   3,485 0 0
Liberty Global plc, Series C Common G5480U120 22,507 946,074 SH   SOLE   946,074 0 0
Liberty Latin America Ltd., Class C Common G9001E128 14,993 877,029 SH   SOLE   876,221 0 808
Liberty Property Trust Common 531172104 6,879 134,020 SH   SOLE   66,770 0 67,250
Liberty TripAdvisor Hldgs Inc. - A Common 531465102 3,421 363,520 SH   SOLE   363,190 0 330
Life Storage, Inc. Common 53223X107 6,487 61,540 SH   SOLE   27,220 0 34,320
Loews Corp. Common 540424108 131,109 2,546,794 SH   SOLE   2,503,103 0 43,691
Macerich Co. Common 554382101 2,135 67,570 SH   SOLE   40,530 0 27,040
Magnolia Oil & Gas Corp., Class A Common 559663109 135,566 12,213,124 SH   SOLE   12,129,554 0 83,570
Markel Corp. Common 570535104 266,009 225,069 SH   SOLE   222,877 0 2,192
Microsoft Corp. Common 594918104 242,542 1,744,532 SH   SOLE   1,699,317 0 45,215
Mid-America Apartment Communities, Inc. Common 59522J103 3,692 28,400 SH   SOLE   14,170 0 14,230
New Oriental Education & Tech ADR ADR 647581107 1,176,557 10,622,576 SH   SOLE   10,501,544 0 121,032
Noah Holdings Ltd., ADS ADR 65487X102 26,958 923,214 SH   SOLE   923,214 0 0
Novartis AG - ADR ADR 66987V109 2,090 24,056 SH   SOLE   24,056 0 0
Oracle Corp. Common 68389X105 138,977 2,525,485 SH   SOLE   2,456,471 0 69,014
Owens Corning Common 690742101 20,849 329,882 SH   SOLE   302,064 0 27,818
PNC Financial Services Group, Inc. Common 693475105 46,970 335,117 SH   SOLE   335,117 0 0
PPG Industries, Inc. Common 693506107 648 5,470 SH   SOLE   5,470 0 0
Prologis, Inc. Common 74340W103 30,072 352,878 SH   SOLE   196,238 0 156,640
Public Storage, Inc. Common 74460D109 18,059 73,630 SH   SOLE   37,480 0 36,150
Qorvo, Inc. Common 74736K101 34,530 465,744 SH   SOLE   424,387 0 41,357
Quest Diagnostics, Inc. Common 74834L100 425,814 3,978,452 SH   SOLE   3,848,952 0 129,500
Quotient Technology, Inc. Common 749119103 32,915 4,209,022 SH   SOLE   3,975,962 0 233,060
Qurate Retail, Inc. Series A Common 74915M100 15,991 1,550,161 SH   SOLE   1,517,196 0 32,965
Regency Centers Corp. Common 758849103 14,159 203,750 SH   SOLE   125,020 0 78,730
Retail Opportunity Investments Corp. Common 76131N101 6,425 352,445 SH   SOLE   169,035 0 183,410
Rexford Industrial Realty, Inc. Common 76169C100 18,064 410,360 SH   SOLE   209,760 0 200,600
Ryman Hospitality Properties, Inc. Common 78377T107 4,241 51,840 SH   SOLE   26,700 0 25,140
SAP SE, ADR ADR 803054204 15,975 135,527 SH   SOLE   124,516 0 11,011
Simon Property Group, Inc. Common 828806109 35,135 225,730 SH   SOLE   127,840 0 97,890
SL Green Realty Corp. Common 78440X101 5,776 70,660 SH   SOLE   34,210 0 36,450
Slack Technologies, Inc., Class A Common 83088V102 662 27,900 SH   SOLE   27,900 0 0
State Street Corp. Common 857477103 43,986 743,124 SH   SOLE   743,124 0 0
STORE Capital Corp. Common 862121100 6,754 180,540 SH   SOLE   93,550 0 86,990
Sun Communities, Inc. Common 866674104 9,103 61,320 SH   SOLE   33,070 0 28,250
Tarena International, Inc.,Class A, ADR ADR 876108101 4,056 4,096,689 SH   SOLE   4,096,689 0 0
Terreno Realty Corp. Common 88146M101 16,485 322,657 SH   SOLE   160,964 0 161,693
Texas Instruments, Inc. Common 882508104 503,011 3,892,068 SH   SOLE   3,800,027 0 92,041
The Stars Group, Inc. Common 85570W100 542 36,150 SH   SOLE   36,150 0 0
U.S. Bancorp Common 902973304 480,682 8,685,980 SH   SOLE   8,582,743 0 103,237
United Technologies Corp. Common 913017109 1,074,341 7,869,473 SH   SOLE   7,691,581 0 177,892
UnitedHealth Group, Inc. Common 91324P102 51,088 235,081 SH   SOLE   214,244 0 20,837
Ventas, Inc. Common 92276F100 14,281 195,550 SH   SOLE   152,290 0 43,260
Vornado Realty Trust Common 929042109 12,060 189,410 SH   SOLE   93,734 0 95,676
Wells Fargo & Co. Common 949746101 1,385,449 27,467,268 SH   SOLE   26,978,375 0 488,893
Welltower Inc. Common 95040Q104 14,097 155,510 SH   SOLE   82,620 0 72,890
Xilinx, Inc. Common 983919101 545 5,685 SH   SOLE   5,685 0 0
Yirendai Ltd., ADR ADR 98585L100 16,876 2,404,034 SH   SOLE   2,404,034 0 0