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 98,275 1,821,925 SH   SOLE   1,821,925 0 0
Acadia Realty Trust Common 004239109 6,506 501,257 SH   SOLE   225,597 0 275,660
Adient plc Common G0084W101 22,736 1,384,647 SH   SOLE   1,384,647 0 0
Alexandria Real Estate Equities, Inc. Common 015271109 14,745 90,877 SH   SOLE   52,983 0 37,894
Alibaba Group Holding Ltd., ADR ADR 01609W102 770,874 3,573,826 SH   SOLE   3,537,531 0 36,295
Alleghany Corporation Common 017175100 22,767 46,545 SH   SOLE   46,545 0 0
Alphabet Inc., Class A Common 02079K305 574,095 404,848 SH   SOLE   397,410 0 7,438
Alphabet Inc., Class C Common 02079K107 1,115,862 789,371 SH   SOLE   779,385 0 9,986
Amazon.com, Inc. Common 023135106 1,459,510 529,034 SH   SOLE   519,386 0 9,648
American Campus Communities, Inc. Common 024835100 9,731 278,345 SH   SOLE   147,300 0 131,045
American Express Co. Common 025816109 522,612 5,489,626 SH   SOLE   5,399,406 0 90,220
American Homes 4 Rent, Class A Common 02665T306 6,904 256,650 SH   SOLE   137,030 0 119,620
Applied Materials, Inc. Common 038222105 984,143 16,280,279 SH   SOLE   15,992,543 0 287,736
Aptiv PLC Common G6095L109 14,636 187,835 SH   SOLE   170,826 0 17,009
AvalonBay Communities, Inc. Common 053484101 13,489 87,230 SH   SOLE   48,620 0 38,610
Axalta Coating Systems Ltd. Common G0750C108 458 20,310 SH   SOLE   20,310 0 0
Baidu, Inc., Class A, ADR ADR 056752108 11,787 98,314 SH   SOLE   98,314 0 0
Bank of America Corp. Common 060505104 85,394 3,595,526 SH   SOLE   3,595,526 0 0
Bank of N.T. Butterfield & Son Ltd. Common G0772R208 87,765 3,598,386 SH   SOLE   3,598,386 0 0
Bank of New York Mellon Corp. Common 064058100 621,125 16,070,508 SH   SOLE   15,800,286 0 270,222
Berkshire Hathaway Inc., Class A Common 084670108 741,490 2,774 SH   SOLE   2,774 0 0
Berkshire Hathaway Inc., Class B Common 084670702 285,387 1,598,717 SH   SOLE   1,506,830 0 91,887
Booking Holdings, Inc. Common 09857L108 205 129 SH   SOLE   129 0 0
Boston Properties, Inc. Common 101121101 10,182 112,660 SH   SOLE   62,420 0 50,240
Brixmor Property Group, Inc. Common 11120U105 12,723 992,440 SH   SOLE   499,690 0 492,750
Camden Property Trust Common 133131102 11,793 129,280 SH   SOLE   71,870 0 57,410
Capital One Financial Corp. Common 14040H105 1,011,436 16,159,701 SH   SOLE   15,911,154 0 248,547
CarMax, Inc. Common 143130102 337 3,760 SH   SOLE   0 0 3,760
Carrier Global Corp. Common 14448C104 679,387 30,575,476 SH   SOLE   29,922,434 0 653,042
Charles Schwab Corp. Common 808513105 33,101 981,049 SH   SOLE   981,049 0 0
China Index Holdings Ltd., ADR ADR 16954W101 10,261 4,794,730 SH   SOLE   4,781,989 0 12,741
Chubb Ltd. Common H1467J104 222,002 1,753,296 SH   SOLE   1,727,953 0 25,343
Cigna Corp. Common 125523100 60,429 322,028 SH   SOLE   291,899 0 30,129
Coresite Realty Corp. Common 21870Q105 8,129 67,150 SH   SOLE   34,430 0 32,720
Cousins Properties, Inc. Common 222795502 9,576 321,005 SH   SOLE   174,870 0 146,135
Crown Castle International Corp. Common 22822V101 13,836 82,680 SH   SOLE   43,880 0 38,800
CVS Health Corp. Common 126650100 52,796 812,617 SH   SOLE   791,875 0 20,742
CyrusOne Inc. Common 23283R100 11,852 162,920 SH   SOLE   96,490 0 66,430
Davis Select Financial ETF 23908L108 36,295 1,959,793 SH   SOLE   1,959,793 0 0
Davis Select International ETF 23908L405 68,923 3,774,558 SH   SOLE   3,774,558 0 0
Davis Select U.S. Equity ETF 23908L207 75,288 3,234,982 SH   SOLE   3,234,982 0 0
Davis Select Worldwide ETF 23908L306 44,197 1,873,537 SH   SOLE   1,873,537 0 0
Digital Realty Trust, Inc. Common 253868103 10,561 74,315 SH   SOLE   40,735 0 33,580
Douglas Emmett, Inc. Common 25960P109 8,706 283,960 SH   SOLE   154,070 0 129,890
DuPont de Nemours, Inc. Common 26614N102 213 4,000 SH   SOLE   4,000 0 0
DXC Technology Co. Common 23355L106 1,147 69,539 SH   SOLE   69,539 0 0
EastGroup Properties, Inc. Common 277276101 2,581 21,760 SH   SOLE   13,500 0 8,260
Eaton Corp. PLC Common G29183103 36,942 422,288 SH   SOLE   383,550 0 38,738
Electronic Arts, Inc. Common 285512109 391 2,960 SH   SOLE   2,960 0 0
Equinix, Inc. Common 29444U700 24,082 34,290 SH   SOLE   18,570 0 15,720
Equity Residential Common 29476L107 14,666 249,340 SH   SOLE   124,945 0 124,395
Essex Property Trust, Inc. Common 297178105 15,664 68,351 SH   SOLE   37,840 0 30,511
Everest Re Group, Ltd. Common G3223R108 13,454 65,248 SH   SOLE   65,248 0 0
Extra Space Storage Inc. Common 30225T102 7,656 82,880 SH   SOLE   45,410 0 37,470
Facebook, Inc, Class A Common 30303M102 947,694 4,173,578 SH   SOLE   4,106,973 0 66,605
Fang Holdings Ltd., Class A, ADR ADR 30711Y300 1,874 165,406 SH   SOLE   165,406 0 0
Federal Realty Investment Trust Common 313747206 8,265 97,000 SH   SOLE   49,070 0 47,930
FedEx Corp. Common 31428X106 391 2,790 SH   SOLE   2,790 0 0
Goldman Sachs Group, Inc. Common 38141G104 26,444 133,813 SH   SOLE   133,813 0 0
Greenlight Capital Re, Ltd., Class A Common G4095J109 7,692 1,179,712 SH   SOLE   1,179,712 0 0
HD Supply Holdings, Inc. Common 40416M105 5,327 153,737 SH   SOLE   140,656 0 13,081
Healthpeak Properties, Inc. Common 42250P103 10,688 387,806 SH   SOLE   201,640 0 186,166
Highwoods Properties, Inc. Common 431284108 4,238 113,530 SH   SOLE   60,270 0 53,260
Hollysys Automation Technologies, Ltd. Common G45667105 93,894 7,059,684 SH   SOLE   7,059,684 0 0
Host Hotels & Resorts, Inc. Common 44107P104 11,315 1,048,610 SH   SOLE   529,990 0 518,620
HP, Inc. Common 40434L105 363 20,830 SH   SOLE   20,830 0 0
Hudson Pacific Properties, Inc. Common 444097109 13,304 528,770 SH   SOLE   276,760 0 252,010
Humana Inc. Common 444859102 24,749 63,827 SH   SOLE   58,415 0 5,412
Intel Corp. Common 458140100 506,728 8,469,465 SH   SOLE   8,312,603 0 156,862
iQIYI, Inc., Class A, ADR ADR 46267X108 25,681 1,107,409 SH   SOLE   1,107,409 0 0
JD.com, Inc., Class A, ADR ADR 47215P106 224,184 3,725,224 SH   SOLE   3,725,224 0 0
Jernigan Capital, Inc. Common 476405105 6,536 477,750 SH   SOLE   259,540 0 218,210
Johnson Controls International PLC Common G51502105 49,242 1,442,369 SH   SOLE   1,332,526 0 109,843
JPMorgan Chase & Co. Common 46625H100 691,505 7,351,742 SH   SOLE   7,244,242 0 107,500
Lam Research Corp. Common 512807108 794 2,455 SH   SOLE   2,455 0 0
Liberty Global plc, Series C Common G5480U120 19,279 896,264 SH   SOLE   896,264 0 0
Liberty TripAdvisor Hldgs Inc. - A Common 531465102 721 338,414 SH   SOLE   338,414 0 0
Life Storage, Inc. Common 53223X107 7,012 73,850 SH   SOLE   38,430 0 35,420
Loews Corp. Common 540424108 80,758 2,355,148 SH   SOLE   2,317,451 0 37,697
M&T Bank Corp. Common 55261F104 3,468 33,359 SH   SOLE   33,359 0 0
Markel Corp. Common 570535104 191,835 207,800 SH   SOLE   205,915 0 1,885
Microsoft Corp. Common 594918104 114,338 561,829 SH   SOLE   534,934 0 26,895
Mohawk Industries, Inc. Common 608190104 6,327 62,175 SH   SOLE   56,798 0 5,377
New Oriental Education & Tech ADR ADR 647581107 881,650 6,769,946 SH   SOLE   6,710,085 0 59,861
Noah Holdings Ltd., ADS ADR 65487X102 24,426 959,028 SH   SOLE   959,028 0 0
Novartis AG - ADR ADR 66987V109 3,318 37,988 SH   SOLE   37,988 0 0
Oracle Corp. Common 68389X105 17,762 321,364 SH   SOLE   294,755 0 26,609
Otis Worldwide Corp. Common 68902V107 819 14,407 SH   SOLE   13,315 0 1,092
Owens Corning Common 690742101 42,114 755,271 SH   SOLE   693,904 0 61,367
PNC Financial Services Group, Inc. Common 693475105 62,180 591,009 SH   SOLE   591,009 0 0
PPG Industries, Inc. Common 693506107 580 5,470 SH   SOLE   5,470 0 0
Prologis, Inc. Common 74340W103 28,996 310,682 SH   SOLE   171,052 0 139,630
Public Storage, Inc. Common 74460D109 17,771 92,610 SH   SOLE   50,510 0 42,100
Qorvo, Inc. Common 74736K101 50,244 454,569 SH   SOLE   411,061 0 43,508
Quest Diagnostics, Inc. Common 74834L100 441,546 3,874,574 SH   SOLE   3,757,507 0 117,067
Quotient Technology, Inc. Common 749119103 28,270 3,861,958 SH   SOLE   3,674,409 0 187,549
Raytheon Technologies Corp. Common 75513E101 694,253 11,266,678 SH   SOLE   11,043,635 0 223,043
Retail Opportunity Investments Corp. Common 76131N101 6,064 535,215 SH   SOLE   231,475 0 303,740
Rexford Industrial Realty, Inc. Common 76169C100 17,987 434,150 SH   SOLE   223,160 0 210,990
SAP SE, ADR ADR 803054204 16,575 118,390 SH   SOLE   109,249 0 9,141
Simon Property Group, Inc. Common 828806109 13,067 191,100 SH   SOLE   110,260 0 80,840
SL Green Realty Corp. Common 78440X101 3,502 71,040 SH   SOLE   34,570 0 36,470
Slack Technologies, Inc., Class A Common 83088V102 867 27,900 SH   SOLE   27,900 0 0
State Street Corp. Common 857477103 42,594 670,239 SH   SOLE   670,239 0 0
Sunstone Hotel Investors, Inc. Common 867892101 6,696 821,600 SH   SOLE   438,020 0 383,580
Terreno Realty Corp. Common 88146M101 18,041 342,727 SH   SOLE   172,704 0 170,023
Texas Instruments, Inc. Common 882508104 464,944 3,661,844 SH   SOLE   3,581,965 0 79,879
Trip Com Group Ltd ADR 89677Q107 12,729 491,075 SH   SOLE   491,075 0 0
Truist Financial Corp. Common 89832Q109 470 12,513 SH   SOLE   12,513 0 0
U.S. Bancorp Common 902973304 494,272 13,424,011 SH   SOLE   13,265,804 0 158,207
Ulta Beauty, Inc. Common 90384S303 627 3,080 SH   SOLE   3,080 0 0
UnitedHealth Group, Inc. Common 91324P102 59,367 201,279 SH   SOLE   182,616 0 18,663
Ventas, Inc. Common 92276F100 8,342 227,800 SH   SOLE   138,400 0 89,400
VMware, Inc. Common 928563402 3,921 25,320 SH   SOLE   25,320 0 0
Vornado Realty Trust Common 929042109 4,012 105,010 SH   SOLE   56,064 0 48,946
Wells Fargo & Co. Common 949746101 731,291 28,566,052 SH   SOLE   28,087,681 0 478,371
Welltower Inc. Common 95040Q104 16,024 309,650 SH   SOLE   177,610 0 132,040
Xilinx, Inc. Common 983919101 559 5,685 SH   SOLE   5,685 0 0
Yirendai Ltd., ADR ADR 98585L100 10,413 2,521,192 SH   SOLE   2,521,192 0 0