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 1,099 26,440 SH   SOLE   26,440 0 0
Acadia Realty Trust Common 004239109 23,507 733,898 SH   SOLE   207,756 0 526,142
Ace Limited Common H0023R105 385,236 3,353,376 SH   SOLE   3,172,114 0 181,262
Activision Blizzard, Inc. Common 00507V109 34,492 1,711,762 SH   SOLE   1,560,914 0 150,848
AES Corp. Common 00130H105 5,815 422,306 SH   SOLE   422,306 0 0
AES Trust III,6.75%,10/15/29 Preferred 00808N202 7,380 145,027 SH   SOLE   145,027 0 0
Agilent Technologies, Inc. Common 00846U101 121,578 2,969,653 SH   SOLE   2,785,926 0 183,727
Air Products & Chemicals, Inc. Common 009158106 253 1,754 SH   SOLE   0 0 1,754
Alexander & Baldwin, Inc. Common 014491104 7,722 196,686 SH   SOLE   196,508 0 178
Alexandria Real Estate Equities, Inc. Common 015271109 18,853 212,449 SH   SOLE   80,670 0 131,779
Alibaba Group Holding Ltd. ADR 01609W102 11,136 107,142 SH   SOLE   107,142 0 0
Allegheny Technologies, Inc. Common 01741R102 12,351 355,231 SH   SOLE   355,231 0 0
Altera Corp. Common 021441100 1,433 38,800 SH   SOLE   38,800 0 0
Amazon.Com, Inc. Common 023135106 1,449,456 4,670,390 SH   SOLE   4,387,062 0 283,328
American Campus Communities Inc. Common 024835100 23,473 567,539 SH   SOLE   181,129 0 386,410
American Express Co. Common 025816109 2,069,183 22,239,723 SH   SOLE   20,959,765 0 1,279,958
American Homes 4 Rent, Class A Common 02665T306 7,879 462,680 SH   SOLE   162,620 0 300,060
American International Group Inc. Common 026874784 28,998 517,723 SH   SOLE   517,723 0 0
American Residential Properties, Inc. Common 02927E303 7,194 409,445 SH   SOLE   146,320 0 263,125
Angie's List Inc. Common 034754101 22,780 3,656,573 SH   SOLE   3,354,499 0 302,074
Anthem, Inc. Common 036752103 6,731 53,558 SH   SOLE   47,184 0 6,374
Apple Inc. Common 037833100 363 3,290 SH   SOLE   3,290 0 0
Applied Materials, Inc. Common 038222105 8,849 355,090 SH   SOLE   314,819 0 40,271
Avalonbay Communities, Inc. Common 053484101 25,322 154,976 SH   SOLE   57,660 0 97,316
Bank of America Corp. Common 060505104 11,435 639,176 SH   SOLE   639,176 0 0
Bank of New York Mellon Corp. Common 064058100 2,226,094 54,870,475 SH   SOLE   51,441,881 0 3,428,594
Berkshire Hathaway Inc., Class A Common 084670108 1,473,068 6,518 SH   SOLE   6,150 0 368
Berkshire Hathaway Inc., Class B Common 084670702 236,725 1,576,592 SH   SOLE   1,413,389 0 163,203
Biomed Realty Trust Inc. Common 09063H107 16,782 779,101 SH   SOLE   191,926 0 587,175
Boardwalk Pipeline Partners Partnership 096627104 393 22,090 SH   SOLE   22,090 0 0
Boston Properties, Inc. Common 101121101 27,823 216,200 SH   SOLE   73,047 0 143,153
Brandywine Realty Trust Common 105368203 15,729 984,319 SH   SOLE   345,804 0 638,515
Brookfield Asset Management Inc., Class A Foreign 112585104 243,577 4,858,912 SH   SOLE   4,591,246 0 267,666
Campus Crest Communities, Inc. Common 13466Y105 3,755 513,671 SH   SOLE   181,305 0 332,366
Canadian Natural Resources Ltd. Foreign 136385101 60,413 1,956,371 SH   SOLE   1,776,858 0 179,513
Capital One Financial Corp. Common 14040H105 15,375 186,250 SH   SOLE   186,250 0 0
CarMax, Inc. Common 143130102 780,778 11,726,913 SH   SOLE   10,969,018 0 757,895
CatchMark Timber Trust Inc., Class A Common 14912Y202 5,235 462,490 SH   SOLE   225,510 0 236,980
CBL & Associates Properties, Inc. Common 124830100 4,446 228,945 SH   SOLE   147,475 0 81,470
Cedar Realty Trust Inc. Common 150602209 5,253 715,637 SH   SOLE   243,372 0 472,265
Cemex SA ADR ADR 151290889 231 22,635 SH   SOLE   22,635 0 0
Charles Schwab Corp. Common 808513105 587,233 19,451,228 SH   SOLE   18,307,790 0 1,143,438
Chubb Corp. Common 171232101 16,373 158,243 SH   SOLE   156,500 0 1,743
Citigroup Inc. Common 172967424 12,430 229,709 SH   SOLE   229,709 0 0
Citizens Financial Group Inc. Common 174610105 154,951 6,232,950 SH   SOLE   5,942,620 0 290,330
Coca Cola Co. Common 191216100 273 6,475 SH   SOLE   0 0 6,475
Colgate-Palmolive Co. Common 194162103 13,359 193,077 SH   SOLE   170,329 0 22,748
Coresite Realty Corp. Common 21870Q105 13,905 356,075 SH   SOLE   121,062 0 235,013
Corporate Office Properties Trust Common 22002T108 30,853 1,087,509 SH   SOLE   326,387 0 761,122
Costco Wholesale Corp. Common 22160K105 641,100 4,522,761 SH   SOLE   4,270,249 0 252,512
Coupons.com, Inc. Common 22265J102 13,844 779,943 SH   SOLE   769,795 0 10,148
Cousins Properties, Inc. Common 222795106 5,150 450,940 SH   SOLE   232,825 0 218,115
Ctrip.com International, Ltd. ADR ADR 22943F100 5,947 130,701 SH   SOLE   130,701 0 0
CubeSmart Common 229663109 11,273 510,790 SH   SOLE   216,421 0 294,369
DCT Industrial Trust Inc. Common 233153204 22,862 641,099 SH   SOLE   238,572 0 402,527
DDR Corporation Common 23317H102 5,261 286,547 SH   SOLE   286,302 0 245
Devon Energy Corp. Common 25179M103 12,817 209,390 SH   SOLE   209,390 0 0
Diageo PLC - ADR ADR 25243Q205 102,234 896,079 SH   SOLE   740,703 0 155,376
Disney Walt Holdings Common 254687106 249 2,641 SH   SOLE   95 0 2,546
DuPont Fabros Technology Inc. Common 26613Q106 8,826 265,536 SH   SOLE   69,089 0 196,447
Eastgroup Properties, Inc. Common 277276101 5,972 94,310 SH   SOLE   33,559 0 60,751
Ecolab Inc. Common 278865100 457,188 4,374,165 SH   SOLE   4,110,062 0 264,103
Education Realty Trust, Inc. Common 28140H203 16,643 454,838 SH   SOLE   129,184 0 325,654
Encana Corporation Foreign 292505104 545,142 39,303,662 SH   SOLE   37,126,303 0 2,177,359
Endurance International Group Hlgs, Inc. Common 29272B105 16,627 902,181 SH   SOLE   839,566 0 62,615
EOG Resources, Inc. Common 26875P101 331,692 3,602,605 SH   SOLE   3,368,600 0 234,005
Essex Property Trust, Inc. Common 297178105 17,968 86,969 SH   SOLE   26,439 0 60,530
Everest Re Group, Ltd. Common G3223R108 171,653 1,007,947 SH   SOLE   967,982 0 39,965
Expeditors Int'l of Washington Inc. Common 302130109 2,965 66,472 SH   SOLE   66,472 0 0
Express Scripts Holding Co. Common 30219G108 1,100,939 13,002,699 SH   SOLE   12,158,436 0 844,263
Extended Stay America, Inc. Common 30224P200 3,032 157,017 SH   SOLE   156,875 0 142
Fairchild Semiconductor International Common 303726103 8,125 481,367 SH   SOLE   481,367 0 0
Federal Realty Investment Trust Common 313747206 15,501 116,144 SH   SOLE   44,744 0 71,400
First Industrial Realty Trust, Inc. Common 32054K103 4,410 214,518 SH   SOLE   72,457 0 142,061
Forest City Ent 3.625% 8/15/20 Bond 345550AR8 3,723 3,500,000 PRN   SOLE   3,500,000 0 0
Forest City Ent FCE 4.25% 8/15/18 Bond 345550AP2 13,082 11,463,000 PRN   SOLE   11,463,000 0 0
Forest City Ent FCE 5% 10/15/16 Bond 345550AM9 1,880 1,120,000 PRN   SOLE   1,120,000 0 0
Forest City Enterprises Inc. Class A Common 345550107 6,550 307,499 SH   SOLE   307,227 0 272
Franklin Resources Inc Common 354613101 388 7,000 SH   SOLE   7,000 0 0
Freeport-McMoRan Copper & Gold, Inc. Common 35671D857 6,527 279,404 SH   SOLE   279,404 0 0
General Electric Co. Common 369604103 10,769 426,172 SH   SOLE   426,172 0 0
General Growth Properties Inc. Common 370023103 25,460 905,090 SH   SOLE   328,309 0 576,781
Goldman Sachs Group Inc. Common 38141G104 27,664 142,722 SH   SOLE   142,722 0 0
Google Inc. Class A Common 38259P508 1,000,255 1,884,926 SH   SOLE   1,773,296 0 111,630
Google Inc. Class C Common 38259P706 991,397 1,883,353 SH   SOLE   1,771,545 0 111,808
Grubhub Inc Common 400110102 9,742 268,227 SH   SOLE   268,227 0 0
Grupo Televisa S.A.B. ADR ADR 40049J206 17,898 525,491 SH   SOLE   525,491 0 0
Halliburton Co. Common 406216101 239,457 6,088,400 SH   SOLE   5,758,448 0 329,952
Hewlett Packard Co. Common 428236103 12,153 302,844 SH   SOLE   267,041 0 35,803
Highwoods Properties Inc. Common 431284108 9,647 217,867 SH   SOLE   74,697 0 143,170
Host Hotels & Resorts Inc. Common 44107P104 18,708 787,048 SH   SOLE   298,732 0 488,316
Hunter Douglas N.V. Foreign 5291810NL 73,345 1,764,260 SH   SOLE   1,707,640 0 56,620
ICICI Bank Limited ADR ADR 45104G104 7,840 678,785 SH   SOLE   678,785 0 0
IDEXX Laboratories, Inc. Common 45168D104 52,159 351,787 SH   SOLE   330,946 0 20,841
Intel Corp 3.25% 8/1/39 Bond 458140AF7 18,346 10,551,000 PRN   SOLE   10,551,000 0 0
Intel Corp. Common 458140100 6,694 184,468 SH   SOLE   164,038 0 20,430
International Business Machines Common 459200101 3,331 20,760 SH   SOLE   17,258 0 3,502
iShares Russell 3000 Index Fund ETF 464287689 2,385 19,500 SH   SOLE   18,692 0 808
iShares S&P 500 Value Index Fund ETF 464287408 15,509 165,396 SH   SOLE   147,854 0 17,542
Jarden Corp. Common 471109108 790 16,500 SH   SOLE   16,500 0 0
JD.com Inc ADR ADR 47215P106 37,729 1,630,466 SH   SOLE   1,545,450 0 85,016
JPMorgan Chase & Co. Common 46625H100 694,414 11,096,430 SH   SOLE   10,426,685 0 669,745
Jumei International ADR ADR 48138L107 1,364 100,150 SH   SOLE   100,150 0 0
KBR, Inc. Common 48242W106 1,785 105,322 SH   SOLE   105,322 0 0
Keysight Technologies, Inc. Common 49338L103 49,865 1,476,620 SH   SOLE   1,385,805 0 90,815
Kite Realty Group Trust Common 49803T300 18,472 642,732 SH   SOLE   228,402 0 414,330
Kohls Corp. Common 500255104 14,358 235,230 SH   SOLE   235,230 0 0
Laboratory Corporation of America Hldg Common 50540R409 639,725 5,928,873 SH   SOLE   5,533,710 0 395,163
Las Vegas Sands Corp. Common 517834107 844,351 14,517,719 SH   SOLE   13,672,615 0 845,104
LaSalle Hotel Properties Common 517942108 13,209 326,380 SH   SOLE   107,563 0 218,817
LendingClub Corp. Common 52603A109 12,650 500,000 SH   SOLE   500,000 0 0
Liberty Global Plc Series C Common G5480U120 1,264,795 26,180,809 SH   SOLE   24,687,524 0 1,493,285
Liberty Media Interactive Series A Common 53071M104 146,562 4,981,728 SH   SOLE   4,621,486 0 360,242
Liberty Property Trust Common 531172104 17,991 478,091 SH   SOLE   120,408 0 357,683
Liberty TripAdvisor Holdings Inc., Class A Common 531465102 30,932 1,149,876 SH   SOLE   1,097,132 0 52,744
Liberty Ventures Series A Common 53071M880 82,966 2,199,523 SH   SOLE   2,083,204 0 116,319
Loews Corp. Common 540424108 370,684 8,821,603 SH   SOLE   8,281,143 0 540,460
Lowes Cos Inc. Common 548661107 20,100 292,145 SH   SOLE   258,088 0 34,057
Markel Corp. Common 570535104 240,240 351,824 SH   SOLE   340,996 0 10,828
Marsh & McLennan Co. Common 571748102 29,890 522,180 SH   SOLE   522,180 0 0
Masco Corp. Common 574599106 11,220 445,240 SH   SOLE   445,240 0 0
Mastercard, Inc. Common 57636Q104 1,318 15,300 SH   SOLE   15,300 0 0
McGraw Hill Financial, Inc. Common 580645109 16,194 182,000 SH   SOLE   182,000 0 0
Microsoft Corp. Common 594918104 362,190 7,797,416 SH   SOLE   7,221,033 0 576,383
Moody's Corp. Common 615369105 228,149 2,381,270 SH   SOLE   2,250,933 0 130,337
Nabors Industries Ltd. Common G6359F103 8,453 651,242 SH   SOLE   651,242 0 0
National Health Investors, Inc. Common 63633D104 5,474 78,242 SH   SOLE   43,366 0 34,876
NetEase Inc. ADR ADR 64110W102 10,997 110,926 SH   SOLE   110,926 0 0
Netflix Inc. Common 64110L106 133,768 391,581 SH   SOLE   369,125 0 22,456
Nike Inc Common 654106103 11,836 123,100 SH   SOLE   108,582 0 14,518
Oracle Corporation Common 68389X105 365,711 8,132,337 SH   SOLE   7,609,339 0 522,998
PACCAR Inc. Common 693718108 544,522 8,006,497 SH   SOLE   7,461,362 0 545,135
Paramount Group, Inc. Common 69924R108 3,766 202,564 SH   SOLE   75,595 0 126,969
Philip Morris International Inc. Common 718172109 4,730 58,067 SH   SOLE   50,244 0 7,823
Post Properties Inc. Common 737464107 19,535 332,403 SH   SOLE   99,924 0 232,479
Praxair, Inc. Common 74005P104 704,010 5,433,852 SH   SOLE   5,100,469 0 333,383
Prologis, Inc. Common 74340W103 8,429 195,885 SH   SOLE   69,425 0 126,460
Public Storage Common 74460D109 16,806 90,917 SH   SOLE   39,282 0 51,635
Qihoo 360 Technology Co. ADR ADR 74734M109 124,256 2,170,024 SH   SOLE   2,050,999 0 119,025
Quanta Services, Inc. Common 74762E102 11,640 410,000 SH   SOLE   410,000 0 0
Quest Diagnostics Inc. Common 74834L100 345,740 5,155,683 SH   SOLE   4,831,588 0 324,095
Ramco-Gershenson Properties Trust Common 751452202 9,933 530,021 SH   SOLE   182,676 0 347,345
Republic Services, Inc. Common 760759100 728 18,080 SH   SOLE   18,080 0 0
Rockwell Automation Inc. Common 773903109 37,481 337,063 SH   SOLE   317,259 0 19,804
Salesforce.com Inc Common 79466L302 8,283 139,661 SH   SOLE   124,193 0 15,468
SAP AG ADR ADR 803054204 11,114 159,576 SH   SOLE   141,965 0 17,611
SBA Communications Corp. Class A Common 78388J106 2,892 26,114 SH   SOLE   26,090 0 24
Sigma-Aldrich Corp. Common 826552101 5,032 36,659 SH   SOLE   31,465 0 5,194
Simon Property Group Inc. Common 828806109 49,961 274,345 SH   SOLE   114,254 0 160,091
SL Green Realty Corp. Common 78440X101 8,206 68,943 SH   SOLE   24,822 0 44,121
Soufun Holdings Ltd Class A ADR ADR 836034108 112,878 15,274,380 SH   SOLE   14,540,761 0 733,619
Sysco Corp. Common 871829107 422,883 10,654,643 SH   SOLE   10,035,612 0 619,031
Taubman Centers, Inc. Common 876664103 7,460 97,620 SH   SOLE   44,840 0 52,780
Terreno Realty Corp. Common 88146M101 14,160 686,384 SH   SOLE   230,827 0 455,557
Texas Instruments, Inc. Common 882508104 664,418 12,427,196 SH   SOLE   11,698,781 0 728,415
Textron Inc. Common 883203101 187,823 4,460,297 SH   SOLE   4,213,191 0 247,106
The Macerich Co. Common 554382101 3,633 43,554 SH   SOLE   43,516 0 38
The Priceline Group Inc. Common 741503403 402,524 353,026 SH   SOLE   331,491 0 21,535
The Sherwin Williams Co. Common 824348106 8,634 32,825 SH   SOLE   29,207 0 3,618
Tiffany & Co. Common 886547108 534 5,000 SH   SOLE   5,000 0 0
Time Warner Cable Inc. Common 88732J207 18,729 123,169 SH   SOLE   110,897 0 12,272
TJX Companies Inc. Common 872540109 7,061 102,960 SH   SOLE   91,251 0 11,709
Transdigm Group Inc. Common 893641100 20,713 105,490 SH   SOLE   98,051 0 7,439
Transocean Ltd. Common H8817H100 7,756 423,106 SH   SOLE   423,106 0 0
Twenty-First Century Fox Inc Class A Common 90130A101 11,376 296,216 SH   SOLE   296,216 0 0
Twenty-First Century Fox Inc Class B Common 90130A200 27,899 756,264 SH   SOLE   668,302 0 87,962
Tyson Foods Inc 4.75 07/15/17 Preferred 902494301 9,313 185,000 SH   SOLE   185,000 0 0
Tyson Foods Inc. Common 902494103 6,024 150,260 SH   SOLE   150,260 0 0
Ultra Petroleum Corp Common 903914109 257,915 19,598,377 SH   SOLE   18,403,574 0 1,194,803
Unilever NV - NY Shares ADR 904784709 6,286 161,008 SH   SOLE   135,332 0 25,676
United Parcel Service, Inc., Class B Common 911312106 267 2,402 SH   SOLE   0 0 2,402
United Rentals, Inc. Common 911363109 10,373 101,686 SH   SOLE   101,686 0 0
UnitedHealth Group Inc. Common 91324P102 1,158,630 11,461,371 SH   SOLE   10,766,431 0 694,940
Universal Health Services, Inc. Common 913903100 13,251 119,100 SH   SOLE   119,100 0 0
US Bancorp Common 902973304 41,048 913,186 SH   SOLE   864,447 0 48,739
US Steel Corp. Conv. Bond 2.75% 4/1/19 Bond 912909AH1 15,221 12,250,000 PRN   SOLE   12,250,000 0 0
Valeant Pharmaceuticals International Common 91911K102 502,053 3,508,163 SH   SOLE   3,293,399 0 214,764
Ventas, Inc. Common 92276F100 24,251 338,235 SH   SOLE   115,172 0 223,063
Vipshop Holdings Ltd. ADS ADR 92763W103 30,210 1,546,042 SH   SOLE   1,435,468 0 110,574
Visa Inc. Class A Common 92826C839 505,158 1,926,613 SH   SOLE   1,814,498 0 112,115
Vornado Realty Trust Common 929042109 21,457 182,286 SH   SOLE   70,080 0 112,206
W.R. Berkley Corp. Common 084423102 260 5,080 SH   SOLE   5,080 0 0
Washington Prime Group Inc Common 939647103 3,686 214,030 SH   SOLE   74,830 0 139,200
Waste Connections Inc. Common 941053100 11,590 263,470 SH   SOLE   263,470 0 0
Wells Fargo & Co. Common 949746101 2,258,871 41,205,254 SH   SOLE   38,535,977 0 2,669,277
Wells Fargo & Co. Warrants Warrant 949746119 9,275 434,218 SH   SOLE   434,218 0 0
Wesco Aircraft Holdings, Inc. Common 950814103 83,992 6,008,026 SH   SOLE   5,711,071 0 296,955
Weyerhaeuser Co. Common 962166104 14,427 401,988 SH   SOLE   136,109 0 265,879
Whole Foods Market Inc. Common 966837106 13,638 270,494 SH   SOLE   270,494 0 0
Wynn Resorts Ltd. Common 983134107 1,561 10,493 SH   SOLE   10,484 0 9
Youku Tudou Inc. ADR ADR 98742U100 25,399 1,426,105 SH   SOLE   1,314,848 0 111,257
YY Inc. ADR ADR 98426T106 18,339 294,174 SH   SOLE   278,115 0 16,059