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
Acadia Realty Trust Common 004239109 3,267 209,147 SH   SOLE   118,227 0 90,920
Alexandria Real Estate Equities, Inc. Common 015271109 14,437 99,547 SH   SOLE   55,483 0 44,064
Alibaba Group Holding Ltd ADR 01609W102 247,855 2,180,288 SH   SOLE   2,143,506 0 36,782
Alphabet Inc., Class A Common 02079K305 521,647 239,369 SH   SOLE   235,340 0 4,029
Alphabet Inc., Class C Common 02079K107 565,427 258,487 SH   SOLE   252,412 0 6,075
Amazon.com, Inc. Common 023135106 552,993 5,206,603 SH   SOLE   5,080,796 0 125,807
American Express Co. Common 025816109 150,973 1,089,117 SH   SOLE   1,075,098 0 14,019
American Homes 4 Rent, Class A Common 02665T306 9,122 257,380 SH   SOLE   151,330 0 106,050
American Tower Corp Class A Common 03027X100 20,302 79,430 SH   SOLE   44,620 0 34,810
Americold Realty Trust Common 03064D108 2,669 88,850 SH   SOLE   48,650 0 40,200
Applied Materials, Inc. Common 038222105 674,652 7,415,384 SH   SOLE   7,238,176 0 177,208
AvalonBay Communities, Inc. Common 053484101 15,655 80,590 SH   SOLE   47,120 0 33,470
Baidu, Inc., Class A, ADR ADR 056752108 7,268 48,867 SH   SOLE   48,867 0 0
Bank of America Corp. Common 060505104 98,789 3,173,444 SH   SOLE   3,173,444 0 0
Bank of N.T. Butterfield & Son Ltd. Common G0772R208 110,060 3,528,707 SH   SOLE   3,528,592 0 115
Bank of New York Mellon Corp. Common 064058100 577,004 13,833,713 SH   SOLE   13,566,110 0 267,603
Berkshire Hathaway Inc., Class A Common 084670108 915,230 2,238 SH   SOLE   2,238 0 0
Berkshire Hathaway Inc., Class B Common 084670702 360,431 1,320,164 SH   SOLE   1,240,190 0 79,974
Boston Properties, Inc. Common 101121101 6,731 75,650 SH   SOLE   44,840 0 30,810
Brixmor Property Group, Inc. Common 11120U105 15,510 767,440 SH   SOLE   462,130 0 305,310
Camden Property Trust Common 133131102 8,769 65,210 SH   SOLE   41,740 0 23,470
Capital One Financial Corp. Common 14040H105 1,141,941 10,960,176 SH   SOLE   10,774,067 0 186,109
Carrier Global Corp. Common 14448C104 29,399 824,416 SH   SOLE   775,317 0 49,099
Catchmark Timber Trust Inc., Class A Common 14912Y202 6,235 619,780 SH   SOLE   349,520 0 270,260
Charles Schwab Corp. Common 808513105 52,859 836,643 SH   SOLE   836,643 0 0
China Index Holdings Ltd., ADR ADR 16954W101 3,046 4,174,203 SH   SOLE   4,169,668 0 4,535
Chubb Ltd. Common H1467J104 336,831 1,713,457 SH   SOLE   1,685,896 0 27,561
Cigna Corp. Common 125523100 826,961 3,138,133 SH   SOLE   3,061,290 0 76,843
Clear Secure, Inc. Common 18467V109 14,842 742,091 SH   SOLE   721,627 0 20,464
Coupang, Inc., Class A Common 22266T109 109,289 8,571,656 SH   SOLE   8,395,290 0 176,366
Cousins Properties, Inc. Common 222795502 11,342 388,025 SH   SOLE   225,930 0 162,095
Crown Castle International Corp. Common 22822V101 14,479 85,990 SH   SOLE   48,650 0 37,340
CubeSmart Common 229663109 2,686 62,880 SH   SOLE   62,880 0 0
CVS Health Corp. Common 126650100 19,298 208,272 SH   SOLE   192,300 0 15,972
Darling Ingredients, Inc. Common 237266101 190,809 3,190,790 SH   SOLE   3,095,853 0 94,937
Davis Select Financial ETF ETF 23908L108 53,020 2,043,955 SH   SOLE   2,043,955 0 0
Davis Select International ETF ETF 23908L405 64,759 3,898,825 SH   SOLE   3,898,825 0 0
Davis Select U.S. Equity ETF ETF 23908L207 90,522 3,308,560 SH   SOLE   3,308,560 0 0
Davis Select Worldwide ETF ETF 23908L306 46,499 1,925,400 SH   SOLE   1,925,400 0 0
Digital Realty Trust, Inc. Common 253868103 14,225 109,565 SH   SOLE   61,245 0 48,320
Douglas Emmett, Inc. Common 25960P109 7,481 334,290 SH   SOLE   198,140 0 136,150
Duke Realty Corp. Common 264411505 2,536 46,160 SH   SOLE   26,270 0 19,890
DXC Technology Co. Common 23355L106 1,718 56,665 SH   SOLE   56,665 0 0
Eaton Corp. PLC Common G29183103 24,490 194,384 SH   SOLE   179,794 0 14,590
Equinix, Inc. Common 29444U700 17,383 26,458 SH   SOLE   15,128 0 11,330
Equity Residential Common 29476L107 14,632 202,605 SH   SOLE   115,840 0 86,765
Essex Property Trust, Inc. Common 297178105 13,413 51,291 SH   SOLE   30,510 0 20,781
Everest Re Group, Ltd. Common G3223R108 15,413 54,992 SH   SOLE   54,992 0 0
Extra Space Storage Inc. Common 30225T102 8,560 50,320 SH   SOLE   29,460 0 20,860
Federal Realty Investment Trust Common 313745101 8,870 92,650 SH   SOLE   54,960 0 37,690
Ferguson PLC Common G3421J106 11,409 102,811 SH   SOLE   89,252 0 13,559
Fifth Third Bancorp Common 316773100 35,382 1,053,038 SH   SOLE   1,053,038 0 0
Greenlight Capital Re, Ltd., Class A Common G4095J109 7,553 977,098 SH   SOLE   977,098 0 0
Healthcare Trust of America, Inc. Common 42225P501 6,991 250,480 SH   SOLE   174,680 0 75,800
Healthpeak Properties, Inc. Common 42250P103 8,461 326,536 SH   SOLE   181,940 0 144,596
Highwoods Properties, Inc. Common 431284108 6,385 186,760 SH   SOLE   101,560 0 85,200
Hollysys Automation Technologies, Ltd. Common G45667105 91,001 6,148,742 SH   SOLE   6,148,567 0 175
Host Hotels & Resorts, Inc. Common 44107P104 8,277 527,900 SH   SOLE   289,900 0 238,000
Hudson Pacific Properties, Inc. Common 444097109 3,191 215,043 SH   SOLE   118,880 0 96,163
Humana Inc. Common 444859102 20,507 43,812 SH   SOLE   40,246 0 3,566
IAC/InterActiveCorp. Common 44891N208 149,207 1,964,023 SH   SOLE   1,918,287 0 45,736
Innovative Industrial Properties, Inc. Common 45781V101 3,890 35,410 SH   SOLE   21,190 0 14,220
Intel Corp. Common 458140100 620,231 16,579,278 SH   SOLE   16,248,219 0 331,059
iQIYI, Inc., Class A, ADR ADR 46267X108 18,492 4,402,947 SH   SOLE   4,402,705 0 242
iShares S&P 500 Value Index Fund ETF 464287408 8,001 58,209 SH   SOLE   53,707 0 4,502
JD.com, Inc., Class A, ADR ADR 47215P106 556,805 8,670,281 SH   SOLE   8,545,348 0 124,933
Johnson Controls International PLC Common G51502105 24,549 512,718 SH   SOLE   475,713 0 37,005
JPMorgan Chase & Co. Common 46625H100 507,171 4,503,786 SH   SOLE   4,407,413 0 96,373
Lam Research Corp. Common 512807108 523 1,228 SH   SOLE   1,228 0 0
Liberty Media Corp., Series A Common 531229870 37,249 642,552 SH   SOLE   642,407 0 145
Liberty Media Corp., Series C Common 531229854 29,214 460,278 SH   SOLE   460,278 0 0
Liberty TripAdvisor Hldgs Inc. - A Common 531465102 206 272,704 SH   SOLE   272,704 0 0
Life Storage, Inc. Common 53223X107 4,001 35,830 SH   SOLE   23,720 0 12,110
Loews Corp. Common 540424108 127,770 2,156,086 SH   SOLE   2,120,356 0 35,730
M&T Bank Corp. Common 55261F104 8,705 54,615 SH   SOLE   54,615 0 0
Markel Corp. Common 570535104 273,467 211,457 SH   SOLE   208,415 0 3,042
Meta Platforms, Inc., Class A Common 30303M102 532,924 3,304,953 SH   SOLE   3,232,964 0 71,989
Microsoft Corp. Common 594918104 96,863 377,148 SH   SOLE   359,599 0 17,549
NetSTREIT Corp. Common 64119V303 4,913 260,350 SH   SOLE   149,190 0 111,160
Noah Holdings Ltd., Class A, ADS ADR 65487X102 16,797 830,319 SH   SOLE   830,276 0 43
Novartis AG - ADR ADR 66987V109 2,447 28,943 SH   SOLE   28,943 0 0
Oracle Corp. Common 68389X105 15,330 219,403 SH   SOLE   202,631 0 16,772
Owens Corning Common 690742101 252,320 3,395,504 SH   SOLE   3,282,777 0 112,727
PNC Financial Services Group, Inc. Common 693475105 77,337 490,186 SH   SOLE   490,186 0 0
Prologis, Inc. Common 74340W103 25,591 217,522 SH   SOLE   127,042 0 90,480
Public Storage, Inc. Common 74460D109 18,294 58,510 SH   SOLE   33,270 0 25,240
Quest Diagnostics, Inc. Common 74834L100 251,308 1,889,815 SH   SOLE   1,820,600 0 69,215
Radius Global Infrastructure, Inc. Common 750481103 3,029 198,520 SH   SOLE   198,520 0 0
Raytheon Technologies Corp. Common 75513E101 15,595 162,261 SH   SOLE   149,709 0 12,552
Retail Opportunity Investments Corp. Common 76131N101 8,918 565,145 SH   SOLE   296,945 0 268,200
Rexford Industrial Realty, Inc. Common 76169C100 14,054 244,030 SH   SOLE   143,900 0 100,130
Rocket Companies, Inc., Class A Common 77311W101 30,201 4,103,414 SH   SOLE   4,103,414 0 0
SAP SE, ADR ADR 803054204 10,242 112,892 SH   SOLE   105,432 0 7,460
Simon Property Group, Inc. Common 828806109 12,366 130,280 SH   SOLE   76,350 0 53,930
Skechers U.S.A, Inc. Class A Common 830566105 441 12,400 SH   SOLE   12,400 0 0
SL Green Realty Corp. Common 78440X887 2,442 52,921 SH   SOLE   26,455 0 26,466
State Street Corp. Common 857477103 4,799 77,846 SH   SOLE   77,846 0 0
STORE Capital Corp. Common 862121100 4,363 167,310 SH   SOLE   95,880 0 71,430
Sun Communities, Inc. Common 866674104 5,260 33,010 SH   SOLE   18,050 0 14,960
Sunstone Hotel Investors, Inc. Common 867892101 10,133 1,021,460 SH   SOLE   579,960 0 441,500
Teck Resources Ltd., Class B Common 878742204 333,507 10,909,614 SH   SOLE   10,674,763 0 234,851
Terreno Realty Corp. Common 88146M101 12,163 218,247 SH   SOLE   120,364 0 97,883
Texas Instruments, Inc. Common 882508104 459,577 2,991,064 SH   SOLE   2,908,368 0 82,696
Truist Financial Corp. Common 89832Q109 1,353 28,518 SH   SOLE   28,518 0 0
UDR, Inc. Common 902653104 7,536 163,690 SH   SOLE   88,540 0 75,150
U.S. Bancorp Common 902973304 765,248 16,628,587 SH   SOLE   16,270,184 0 358,403
UnitedHealth Group, Inc. Common 91324P102 63,247 123,138 SH   SOLE   113,235 0 9,903
Ventas, Inc. Common 92276F100 11,330 220,300 SH   SOLE   127,610 0 92,690
Viatris, Inc. Common 92556V106 580,731 55,466,147 SH   SOLE   54,164,482 0 1,301,665
VICI Properties, Inc. Common 925652109 4,781 160,490 SH   SOLE   87,270 0 73,220
Vimeo, Inc. Common 92719V100 33,082 5,495,287 SH   SOLE   5,358,060 0 137,227
VMware, Inc., Class A Common 928563402 7,833 68,726 SH   SOLE   64,107 0 4,619
Wells Fargo & Co. Common 949746101 1,278,490 32,639,532 SH   SOLE   32,105,997 0 533,535
Welltower Inc. Common 95040Q104 20,121 244,330 SH   SOLE   133,800 0 110,530