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 4,363 199,877 SH   SOLE   108,457 0 91,420
Alexandria Real Estate Equities, Inc. Common 015271109 18,186 81,567 SH   SOLE   43,283 0 38,284
Alibaba Group Holding Ltd ADR 01609W102 380,456 3,202,757 SH   SOLE   3,173,024 0 29,733
Alleghany Corp. Common 017175100 50,776 76,058 SH   SOLE   76,058 0 0
Alphabet Inc., Class A Common 02079K305 757,278 261,397 SH   SOLE   257,107 0 4,290
Alphabet Inc., Class C Common 02079K107 822,074 284,102 SH   SOLE   277,415 0 6,687
Amazon.com, Inc. Common 023135106 924,272 277,198 SH   SOLE   271,167 0 6,031
American Campus Communities, Inc. Common 024835100 22,189 387,305 SH   SOLE   208,220 0 179,085
American Express Co. Common 025816109 438,859 2,682,510 SH   SOLE   2,635,480 0 47,030
American Homes 4 Rent, Class A Common 02665T306 10,707 245,510 SH   SOLE   138,880 0 106,630
American Tower Corp Class A Common 03027X100 22,224 75,980 SH   SOLE   40,980 0 35,000
Americold Realty Trust Common 03064D108 2,860 87,230 SH   SOLE   47,030 0 40,200
Applied Materials, Inc. Common 038222105 1,321,925 8,400,643 SH   SOLE   8,223,440 0 177,203
AvalonBay Communities, Inc. Common 053484101 19,394 76,780 SH   SOLE   43,130 0 33,650
Baidu, Inc., Class A, ADR ADR 056752108 96,189 646,474 SH   SOLE   646,427 0 47
Bank of America Corp. Common 060505104 148,583 3,339,702 SH   SOLE   3,339,702 0 0
Bank of N.T. Butterfield & Son Ltd. Common G0772R208 147,986 3,883,140 SH   SOLE   3,883,025 0 115
Bank of New York Mellon Corp. Common 064058100 855,634 14,731,986 SH   SOLE   14,470,388 0 261,598
Berkshire Hathaway Inc., Class A Common 084670108 1,093,306 2,426 SH   SOLE   2,426 0 0
Berkshire Hathaway Inc., Class B Common 084670702 445,307 1,489,321 SH   SOLE   1,401,235 0 88,086
Boston Properties, Inc. Common 101121101 8,277 71,860 SH   SOLE   40,890 0 30,970
Brixmor Property Group, Inc. Common 11120U105 18,544 729,790 SH   SOLE   422,830 0 306,960
Camden Property Trust Common 133131102 11,001 61,570 SH   SOLE   37,980 0 23,590
Capital One Financial Corp. Common 14040H105 1,709,794 11,784,369 SH   SOLE   11,600,019 0 184,350
CarMax, Inc. Common 143130102 490 3,760 SH   SOLE   0 0 3,760
Carrier Global Corp. Common 14448C104 46,085 849,655 SH   SOLE   795,941 0 53,714
Catchmark Timber Trust Inc., Class A Common 14912Y202 5,113 587,000 SH   SOLE   319,630 0 267,370
Charles Schwab Corp. Common 808513105 71,673 852,241 SH   SOLE   852,241 0 0
China Index Holdings Ltd., ADR ADR 16954W101 4,319 4,452,643 SH   SOLE   4,446,317 0 6,326
Chubb Ltd. Common H1467J104 353,714 1,829,777 SH   SOLE   1,802,815 0 26,962
Cigna Corp. Common 125523100 773,145 3,366,917 SH   SOLE   3,295,150 0 71,767
Clear Secure, Inc. Common 18467V109 24,218 772,002 SH   SOLE   756,499 0 15,503
Coupang, Inc., Class A Common 22266T109 120,306 4,094,836 SH   SOLE   4,020,237 0 74,599
Cousins Properties, Inc. Common 222795502 14,869 369,135 SH   SOLE   206,160 0 162,975
Crown Castle International Corp. Common 22822V101 15,580 74,640 SH   SOLE   40,360 0 34,280
CVS Health Corp. Common 126650100 22,049 213,733 SH   SOLE   197,052 0 16,681
CyrusOne Inc. Common 23283R100 3,312 36,920 SH   SOLE   36,920 0 0
Darling Ingredients, Inc. Common 237266101 218,914 3,159,389 SH   SOLE   3,074,268 0 85,121
Davis Select Financial ETF ETF 23908L108 61,710 2,019,293 SH   SOLE   2,019,293 0 0
Davis Select International ETF ETF 23908L405 74,437 3,837,929 SH   SOLE   3,837,929 0 0
Davis Select U.S. Equity ETF ETF 23908L207 111,892 3,272,642 SH   SOLE   3,272,642 0 0
Davis Select Worldwide ETF ETF 23908L306 55,278 1,893,720 SH   SOLE   1,893,720 0 0
DiDi Global Inc., ADS ADR 23292E108 236,489 47,487,654 SH   SOLE   47,487,654 0 0
Digital Realty Trust, Inc. Common 253868103 19,205 108,585 SH   SOLE   59,475 0 49,110
Douglas Emmett, Inc. Common 25960P109 9,830 293,430 SH   SOLE   156,540 0 136,890
DXC Technology Co. Common 23355L106 1,856 57,665 SH   SOLE   57,665 0 0
Eaton Corp. PLC Common G29183103 34,540 199,860 SH   SOLE   184,633 0 15,227
Equinix, Inc. Common 29444U700 22,049 26,068 SH   SOLE   14,688 0 11,380
Equity Residential Common 29476L107 17,469 193,025 SH   SOLE   105,790 0 87,235
Essex Property Trust, Inc. Common 297178105 17,193 48,811 SH   SOLE   27,910 0 20,901
Everest Re Group, Ltd. Common G3223R108 15,323 55,940 SH   SOLE   55,940 0 0
Extra Space Storage Inc. Common 30225T102 10,851 47,860 SH   SOLE   26,880 0 20,980
Fang Holdings Ltd., Class A, ADR ADR 30711Y300 295 77,537 SH   SOLE   77,537 0 0
Federal Realty Investment Trust Common 313747206 12,044 88,350 SH   SOLE   50,450 0 37,900
Ferguson PLC Common G3421J106 19,099 106,795 SH   SOLE   92,559 0 14,236
Greenlight Capital Re, Ltd., Class A Common G4095J109 7,777 991,904 SH   SOLE   991,904 0 0
Healthcare Trust of America, Inc. Common 42225P501 9,063 271,420 SH   SOLE   143,320 0 128,100
Healthpeak Properties, Inc. Common 42250P103 11,244 311,556 SH   SOLE   166,180 0 145,376
Highwoods Properties, Inc. Common 431284108 7,963 178,580 SH   SOLE   92,920 0 85,660
Hollysys Automation Technologies, Ltd. Common G45667105 95,786 6,802,977 SH   SOLE   6,802,802 0 175
Host Hotels & Resorts, Inc. Common 44107P104 8,796 505,810 SH   SOLE   266,510 0 239,300
Hudson Pacific Properties, Inc. Common 444097109 7,830 316,873 SH   SOLE   172,240 0 144,633
Humana Inc. Common 444859102 20,857 44,965 SH   SOLE   41,293 0 3,672
IAC/InterActiveCorp. Common 44891N208 276,111 2,112,392 SH   SOLE   2,068,458 0 43,934
Intel Corp. Common 458140100 863,134 16,759,875 SH   SOLE   16,453,089 0 306,786
iQIYI, Inc., Class A, ADR ADR 46267X108 23,125 5,071,337 SH   SOLE   5,071,095 0 242
iShares Russell 3000 Index Fund ETF 464287689 1,071 3,859 SH   SOLE   2,539 0 1,320
iShares S&P 500 Value Index Fund ETF 464287408 20,796 132,773 SH   SOLE   125,862 0 6,911
JD.com, Inc., Class A, ADR ADR 47215P106 529,160 7,551,882 SH   SOLE   7,443,498 0 108,384
Johnson Controls International PLC Common G51502105 42,217 519,206 SH   SOLE   482,613 0 36,593
JPMorgan Chase & Co. Common 46625H100 771,016 4,869,065 SH   SOLE   4,772,767 0 96,298
Lam Research Corp. Common 512807108 883 1,228 SH   SOLE   1,228 0 0
Liberty Global plc, Series C Common G5480U120 23,936 852,124 SH   SOLE   852,124 0 0
Liberty Media Corp., Series A Common 531229870 41,736 703,340 SH   SOLE   703,195 0 145
Liberty Media Corp., Series C Common 531229854 48,388 765,148 SH   SOLE   765,148 0 0
Liberty TripAdvisor Hldgs Inc. - A Common 531465102 650 299,624 SH   SOLE   299,624 0 0
Life Storage, Inc. Common 53223X107 8,261 53,930 SH   SOLE   33,270 0 20,660
Loews Corp. Common 540424108 145,968 2,527,139 SH   SOLE   2,491,497 0 35,642
M&T Bank Corp. Common 55261F104 8,753 56,995 SH   SOLE   56,995 0 0
Markel Corp. Common 570535104 270,869 219,505 SH   SOLE   216,280 0 3,225
Meta Platforms, Inc., Class A Common 30303M102 893,414 2,656,203 SH   SOLE   2,601,390 0 54,813
Microsoft Corp. Common 594918104 149,327 444,003 SH   SOLE   424,026 0 19,977
Missfresh Ltd., Class B, ADS ADR 60500F105 31,093 6,206,272 SH   SOLE   6,206,272 0 0
Noah Holdings Ltd., Class A, ADS ADR 65487X102 28,065 914,475 SH   SOLE   914,432 0 43
Novartis AG - ADR ADR 66987V109 3,764 43,035 SH   SOLE   43,035 0 0
Oracle Corp. Common 68389X105 20,721 237,597 SH   SOLE   217,755 0 19,842
Owens Corning Common 690742101 60,795 671,766 SH   SOLE   618,774 0 52,992
PNC Financial Services Group, Inc. Common 693475105 99,344 495,433 SH   SOLE   495,433 0 0
Prologis, Inc. Common 74340W103 37,760 224,282 SH   SOLE   125,312 0 98,970
Public Storage, Inc. Common 74460D109 21,541 57,510 SH   SOLE   32,130 0 25,380
Quest Diagnostics, Inc. Common 74834L100 347,167 2,006,628 SH   SOLE   1,936,863 0 69,765
Quotient Technology, Inc. Common 749119103 26,924 3,628,578 SH   SOLE   3,504,554 0 124,024
Raytheon Technologies Corp. Common 75513E101 41,540 482,682 SH   SOLE   441,714 0 40,968
Retail Opportunity Investments Corp. Common 76131N101 11,221 572,485 SH   SOLE   271,015 0 301,470
Rexford Industrial Realty, Inc. Common 76169C100 22,906 282,410 SH   SOLE   164,750 0 117,660
Rocket Companies, Inc., Class A Common 77311W101 33,588 2,399,153 SH   SOLE   2,399,153 0 0
SAP SE, ADR ADR 803054204 16,209 115,688 SH   SOLE   107,985 0 7,703
Simon Property Group, Inc. Common 828806109 21,085 131,970 SH   SOLE   76,110 0 55,860
SL Green Realty Corp. Common 78440X804 3,764 52,492 SH   SOLE   25,566 0 26,926
State Street Corp. Common 857477103 6,369 68,480 SH   SOLE   68,480 0 0
STORE Capital Corp. Common 862121100 5,497 159,790 SH   SOLE   87,970 0 71,820
Sun Communities, Inc. Common 866674104 6,620 31,530 SH   SOLE   16,500 0 15,030
Sunstone Hotel Investors, Inc. Common 867892101 11,450 976,160 SH   SOLE   532,270 0 443,890
Teck Resources Ltd., Class B Common 878742204 247,994 8,604,918 SH   SOLE   8,364,035 0 240,883
Terreno Realty Corp. Common 88146M101 21,694 254,357 SH   SOLE   139,644 0 114,713
Texas Instruments, Inc. Common 882508104 610,847 3,241,083 SH   SOLE   3,159,960 0 81,123
Trip.com Group Ltd., ADR ADR 89677Q107 1,594 64,741 SH   SOLE   64,741 0 0
Truist Financial Corp. Common 89832Q109 1,853 31,650 SH   SOLE   31,650 0 0
UDR, Inc. Common 902653104 9,405 156,780 SH   SOLE   81,230 0 75,550
U.S. Bancorp Common 902973304 1,001,116 17,822,958 SH   SOLE   17,473,182 0 349,776
UnitedHealth Group, Inc. Common 91324P102 89,742 178,719 SH   SOLE   163,900 0 14,819
Ventas, Inc. Common 92276F100 11,153 218,170 SH   SOLE   123,970 0 94,200
Viatris, Inc. Common 92556V106 607,073 44,868,651 SH   SOLE   43,950,024 0 918,627
VICI Properties, Inc. Common 925652109 4,605 152,930 SH   SOLE   79,310 0 73,620
Vimeo, Inc. Common 92719V100 97,020 5,401,983 SH   SOLE   5,284,209 0 117,774
VMware, Inc., Class A Common 928563402 7,748 66,866 SH   SOLE   62,904 0 3,962
Vornado Realty Trust Common 929042109 4,347 103,840 SH   SOLE   56,724 0 47,116
Vroom, Inc. Common 92918V109 75,735 7,018,989 SH   SOLE   6,906,723 0 112,266
Wells Fargo & Co. Common 949746101 1,838,145 38,310,651 SH   SOLE   37,689,408 0 621,243
Welltower Inc. Common 95040Q104 21,257 247,840 SH   SOLE   135,510 0 112,330