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 4,382 202,227 SH   SOLE   112,277 0 89,950
Alexandria Real Estate Equities, Inc. Common 015271109 19,364 96,217 SH   SOLE   52,623 0 43,594
Alibaba Group Holding Ltd ADR 01609W102 337,299 3,100,179 SH   SOLE   3,062,266 0 37,913
Alleghany Corp. Common 017175100 64,289 75,902 SH   SOLE   75,902 0 0
Alphabet Inc., Class A Common 02079K305 699,557 251,517 SH   SOLE   247,361 0 4,156
Alphabet Inc., Class C Common 02079K107 757,919 271,365 SH   SOLE   264,958 0 6,407
Amazon.com, Inc. Common 023135106 874,537 268,267 SH   SOLE   261,926 0 6,341
American Campus Communities, Inc. Common 024835100 21,273 380,075 SH   SOLE   215,150 0 164,925
American Express Co. Common 025816109 306,850 1,640,907 SH   SOLE   1,606,181 0 34,726
American Homes 4 Rent, Class A Common 02665T306 9,948 248,510 SH   SOLE   143,590 0 104,920
American Tower Corp Class A Common 03027X100 19,301 76,830 SH   SOLE   42,390 0 34,440
Americold Realty Trust Common 03064D108 2,482 89,040 SH   SOLE   48,840 0 40,200
Applied Materials, Inc. Common 038222105 1,061,247 8,051,951 SH   SOLE   7,875,685 0 176,266
AvalonBay Communities, Inc. Common 053484101 19,333 77,840 SH   SOLE   44,730 0 33,110
Baidu, Inc., Class A, ADR ADR 056752108 62,268 470,655 SH   SOLE   470,612 0 43
Bank of America Corp. Common 060505104 132,270 3,208,874 SH   SOLE   3,208,874 0 0
Bank of N.T. Butterfield & Son Ltd. Common G0772R208 132,718 3,698,930 SH   SOLE   3,698,815 0 115
Bank of New York Mellon Corp. Common 064058100 706,909 14,243,589 SH   SOLE   13,973,307 0 270,282
Berkshire Hathaway Inc., Class A Common 084670108 1,242,435 2,349 SH   SOLE   2,349 0 0
Berkshire Hathaway Inc., Class B Common 084670702 490,444 1,389,714 SH   SOLE   1,305,335 0 84,379
Boston Properties, Inc. Common 101121101 9,402 73,000 SH   SOLE   42,530 0 30,470
Brixmor Property Group, Inc. Common 11120U105 19,114 740,570 SH   SOLE   438,530 0 302,040
Camden Property Trust Common 133131102 10,442 62,830 SH   SOLE   39,620 0 23,210
Capital One Financial Corp. Common 14040H105 1,494,891 11,386,174 SH   SOLE   11,199,191 0 186,983
Carrier Global Corp. Common 14448C104 38,038 829,265 SH   SOLE   779,787 0 49,478
Catchmark Timber Trust Inc., Class A Common 14912Y202 4,914 599,280 SH   SOLE   331,910 0 267,370
Charles Schwab Corp. Common 808513105 71,356 846,351 SH   SOLE   846,351 0 0
China Index Holdings Ltd., ADR ADR 16954W101 4,625 4,362,758 SH   SOLE   4,357,879 0 4,879
Chubb Ltd. Common H1467J104 380,414 1,778,467 SH   SOLE   1,750,358 0 28,109
Cigna Corp. Common 125523100 805,565 3,361,983 SH   SOLE   3,283,121 0 78,862
Clear Secure, Inc. Common 18467V109 20,512 763,084 SH   SOLE   743,701 0 19,383
Coupang, Inc., Class A Common 22266T109 152,982 8,652,810 SH   SOLE   8,459,902 0 192,908
Cousins Properties, Inc. Common 222795502 15,097 374,715 SH   SOLE   214,350 0 160,365
Crown Castle International Corp. Common 22822V101 15,349 83,150 SH   SOLE   46,210 0 36,940
CubeSmart Common 229663109 3,108 59,740 SH   SOLE   59,740 0 0
CVS Health Corp. Common 126650100 21,095 208,424 SH   SOLE   192,287 0 16,137
Darling Ingredients, Inc. Common 237266101 258,532 3,216,376 SH   SOLE   3,118,660 0 97,716
Davis Select Financial ETF ETF 23908L108 63,138 2,043,955 SH   SOLE   2,043,955 0 0
Davis Select International ETF ETF 23908L405 68,699 3,898,825 SH   SOLE   3,898,825 0 0
Davis Select U.S. Equity ETF ETF 23908L207 109,116 3,308,560 SH   SOLE   3,308,560 0 0
Davis Select Worldwide ETF ETF 23908L306 52,563 1,925,400 SH   SOLE   1,925,400 0 0
DiDi Global Inc., ADS ADR 23292E108 115,370 46,147,871 SH   SOLE   46,147,871 0 0
Digital Realty Trust, Inc. Common 253868103 15,575 109,835 SH   SOLE   61,515 0 48,320
Douglas Emmett, Inc. Common 25960P109 9,938 297,360 SH   SOLE   162,670 0 134,690
DXC Technology Co. Common 23355L106 1,882 57,665 SH   SOLE   57,665 0 0
Eaton Corp. PLC Common G29183103 29,666 195,482 SH   SOLE   180,671 0 14,811
Equinix, Inc. Common 29444U700 19,066 25,708 SH   SOLE   14,508 0 11,200
Equity Residential Common 29476L107 17,598 195,705 SH   SOLE   109,870 0 85,835
Essex Property Trust, Inc. Common 297178105 17,109 49,521 SH   SOLE   28,960 0 20,561
Everest Re Group, Ltd. Common G3223R108 16,724 55,492 SH   SOLE   55,492 0 0
Extra Space Storage Inc. Common 30225T102 9,988 48,580 SH   SOLE   27,940 0 20,640
Fang Holdings Ltd., Class A, ADR ADR 30711Y300 268 75,977 SH   SOLE   75,977 0 0
Federal Realty Investment Trust Common 313745101 10,919 89,450 SH   SOLE   52,160 0 37,290
Ferguson PLC Common G3421J106 13,821 102,469 SH   SOLE   88,792 0 13,677
Greenlight Capital Re, Ltd., Class A Common G4095J109 6,979 987,110 SH   SOLE   987,110 0 0
Healthcare Trust of America, Inc. Common 42225P501 8,627 275,270 SH   SOLE   149,230 0 126,040
Healthpeak Properties, Inc. Common 42250P103 10,834 315,586 SH   SOLE   172,540 0 143,046
Highwoods Properties, Inc. Common 431284108 8,262 180,640 SH   SOLE   96,350 0 84,290
Hollysys Automation Technologies, Ltd. Common G45667105 103,479 6,479,573 SH   SOLE   6,479,398 0 175
Host Hotels & Resorts, Inc. Common 44107P104 9,918 510,430 SH   SOLE   274,970 0 235,460
Hudson Pacific Properties, Inc. Common 444097109 5,779 208,243 SH   SOLE   113,110 0 95,133
Humana Inc. Common 444859102 19,071 43,825 SH   SOLE   40,300 0 3,525
IAC/InterActiveCorp. Common 44891N208 205,251 2,046,779 SH   SOLE   2,001,610 0 45,169
Innovative Industrial Properties, Inc. Common 45781V101 5,320 25,900 SH   SOLE   15,300 0 10,600
Intel Corp. Common 458140100 829,037 16,727,945 SH   SOLE   16,394,290 0 333,655
iQIYI, Inc., Class A, ADR ADR 46267X108 21,794 4,800,514 SH   SOLE   4,800,272 0 242
iShares S&P 500 Value Index Fund ETF 464287408 1,207 7,749 SH   SOLE   7,700 0 49
JD.com, Inc., Class A, ADR ADR 47215P106 515,106 8,901,083 SH   SOLE   8,775,668 0 125,415
Johnson Controls International PLC Common G51502105 33,438 509,952 SH   SOLE   474,024 0 35,928
JPMorgan Chase & Co. Common 46625H100 633,498 4,647,137 SH   SOLE   4,548,469 0 98,668
Lam Research Corp. Common 512807108 660 1,228 SH   SOLE   1,228 0 0
Liberty Global plc, Series C Common G5480U120 21,713 838,034 SH   SOLE   838,034 0 0
Liberty Media Corp., Series A Common 531229870 42,676 676,000 SH   SOLE   675,855 0 145
Liberty Media Corp., Series C Common 531229854 50,757 726,767 SH   SOLE   726,767 0 0
Liberty TripAdvisor Hldgs Inc. - A Common 531465102 593 289,034 SH   SOLE   289,034 0 0
Life Storage, Inc. Common 53223X107 4,848 34,520 SH   SOLE   22,540 0 11,980
Loews Corp. Common 540424108 159,585 2,461,965 SH   SOLE   2,425,660 0 36,305
M&T Bank Corp. Common 55261F104 9,488 55,975 SH   SOLE   55,975 0 0
Markel Corp. Common 570535104 318,760 216,073 SH   SOLE   213,032 0 3,041
Meta Platforms, Inc., Class A Common 30303M102 745,409 3,352,260 SH   SOLE   3,278,399 0 73,861
Microsoft Corp. Common 594918104 133,325 432,438 SH   SOLE   411,880 0 20,558
Missfresh Ltd., Class B, ADS ADR 60500F105 5,581 6,172,251 SH   SOLE   6,172,251 0 0
NetSTREIT Corp. Common 64119V303 5,638 251,230 SH   SOLE   141,260 0 109,970
Noah Holdings Ltd., Class A, ADS ADR 65487X102 20,238 860,097 SH   SOLE   860,054 0 43
Novartis AG - ADR ADR 66987V109 2,866 32,656 SH   SOLE   32,656 0 0
Oracle Corp. Common 68389X105 18,482 223,403 SH   SOLE   205,897 0 17,506
Owens Corning Common 690742101 60,966 666,296 SH   SOLE   612,523 0 53,773
PNC Financial Services Group, Inc. Common 693475105 91,079 493,789 SH   SOLE   493,789 0 0
Prologis, Inc. Common 74340W103 34,140 211,422 SH   SOLE   121,912 0 89,510
Public Storage, Inc. Common 74460D109 22,180 56,830 SH   SOLE   31,860 0 24,970
Quest Diagnostics, Inc. Common 74834L100 266,474 1,947,058 SH   SOLE   1,876,179 0 70,879
Radius Global Infrastructure, Inc. Common 750481103 1,583 110,870 SH   SOLE   110,870 0 0
Raytheon Technologies Corp. Common 75513E101 16,444 165,988 SH   SOLE   150,092 0 15,896
Retail Opportunity Investments Corp. Common 76131N101 10,606 546,985 SH   SOLE   281,655 0 265,330
Rexford Industrial Realty, Inc. Common 76169C100 18,245 244,610 SH   SOLE   144,480 0 100,130
Rocket Companies, Inc., Class A Common 77311W101 45,607 4,101,341 SH   SOLE   4,101,341 0 0
SAP SE, ADR ADR 803054204 12,566 113,252 SH   SOLE   105,696 0 7,556
Simon Property Group, Inc. Common 828806109 17,101 129,990 SH   SOLE   75,030 0 54,960
Skechers U.S.A, Inc. Class A Common 830566105 505 12,400 SH   SOLE   12,400 0 0
SL Green Realty Corp. Common 78440X887 4,305 53,031 SH   SOLE   26,565 0 26,466
State Street Corp. Common 857477103 5,873 67,412 SH   SOLE   67,412 0 0
STORE Capital Corp. Common 862121100 4,727 161,730 SH   SOLE   91,060 0 70,670
Sun Communities, Inc. Common 866674104 5,601 31,950 SH   SOLE   17,160 0 14,790
Sunstone Hotel Investors, Inc. Common 867892101 11,627 987,020 SH   SOLE   550,250 0 436,770
Teck Resources Ltd., Class B Common 878742204 343,529 8,505,298 SH   SOLE   8,266,187 0 239,111
Terreno Realty Corp. Common 88146M101 16,200 218,767 SH   SOLE   120,884 0 97,883
Texas Instruments, Inc. Common 882508104 572,735 3,121,511 SH   SOLE   3,037,474 0 84,037
Trip.com Group Ltd., ADR ADR 89677Q107 1,135 49,106 SH   SOLE   49,106 0 0
Truist Financial Corp. Common 89832Q109 1,719 30,318 SH   SOLE   30,318 0 0
UDR, Inc. Common 902653104 9,083 158,320 SH   SOLE   83,980 0 74,340
U.S. Bancorp Common 902973304 917,659 17,265,465 SH   SOLE   16,901,978 0 363,487
UnitedHealth Group, Inc. Common 91324P102 78,073 153,093 SH   SOLE   140,672 0 12,421
Ventas, Inc. Common 92276F100 13,642 220,890 SH   SOLE   128,200 0 92,690
Viatris, Inc. Common 92556V106 616,529 56,666,290 SH   SOLE   55,333,082 0 1,333,208
VICI Properties, Inc. Common 925652109 4,421 155,340 SH   SOLE   82,900 0 72,440
Vimeo, Inc. Common 92719V100 65,722 5,532,179 SH   SOLE   5,393,893 0 138,286
VMware, Inc., Class A Common 928563402 7,847 68,916 SH   SOLE   64,182 0 4,734
Vornado Realty Trust Common 929042109 4,771 105,270 SH   SOLE   58,914 0 46,356
Vroom, Inc. Common 92918V109 19,224 7,227,158 SH   SOLE   7,075,986 0 151,172
Wells Fargo & Co. Common 949746101 1,646,066 33,967,518 SH   SOLE   33,440,295 0 527,223
Welltower Inc. Common 95040Q104 23,574 245,210 SH   SOLE   134,680 0 110,530